Mr Cash loan app review legit or not? harassment? is sec registered? 2nd loan and 3rd loan interest rate? requirements and more…
Retailasiaonline.com will detail in the article below.
TOP 10 Legit Online Loan in Philippines – Only ID Card required
Updated 12/2024
(Online Loan Application)
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Contents
- 1. Summary of Mr cash loans reviews
- 2. What is Mr Cash loan?
- 3. Pros of Mr Cash App
- 4. Cons of Mr Cash Loan App
- 5. Mr Cash loan review interest rate
- 6. Example of Mr Cash interest rate calculation
- 7. Mr Cash loan requirements
- 8. Guide to register Mr Cash Loan App Step-by-step
- 9. Mr cash loans reviews and Feedback
- 10. Mr Cash loan repayment
- 11. Compare Mr Cash loan App philippines to other App
- 12. Mr Cash loans contact details
- 13. FAQs – Mr cash loan review
- 14. In conclusion
1. Summary of Mr cash loans reviews
✅ Reviews | ⭐ Mr Cash Loan App |
✅ Maximum Loan | ⭐ 1500 – 23.000 PHP |
✅ Age | ⭐ 18 – 65 years old |
✅ Term | ⭐ 91 – 120 days |
✅ Interest rate | ⭐ 15 %/months |
✅ Requirements | ⭐ Valid id |
✅ Pros | ⭐ Fast approval for 2nd loan, 3rd loan, referral code |
✅ Cons | ⭐ Have fee service online lending company |
✅ Evaluate the effectiveness | ⭐ Good |
✅ Bad dept | ⭐ Allow |
✅ Mr cash harassment | ⭐ By email |
✅ Legit | ⭐ Yes |
✅ Payment | ⭐ gcash |
✅ Phone number | ⭐ 09690678937 |
✅ Mr Cash App download APK | ⭐ Link here |
✅ Registration number | ⭐ 2021070020530-12 |
2. What is Mr Cash loan?
Mr Cash loan is a cash loan application, providing emergency financial assistance to Filipinos. The service of e-Generation Lending company, which has been legally certified with SEC registration number 2021070020530-12, authority certificate NO.L-21-0036-70. Loan limits range from 1500 to a maximum of 23000 pesos for periods ranging from 91 days to 120 days.
3. Pros of Mr Cash App
Mr Cash Loan reviews have the following outstanding advantages:
- Apply for a loan wherever you are, just have a device connected to the internet.
- The procedure is very simple, only 1 valid ID is required.
- The registration process is convenient, fast, online registration, no need to meet face-to-face.
- Fast disbursement of the same day, immediate resolution of financial difficulties.
- No payroll is required to prove finances, no collateral is required.
- There are no hidden fees, no advance fees before borrowing.
- Security of personal information.
4. Cons of Mr Cash Loan App
Mr Cash loan app review still has some disadvantages to consider before borrowing:
- Payday loan.
- The limit is not too high.
- Additional service fee (1 time/ 1 loan transaction)
- Interest rates are higher than unsecured loan rates at traditional banks.
5. Mr Cash loan review interest rate
Mr Cash loan app applies a maximum annual interest rate of 182.5%. In addition to interest, borrowers will have to pay additional service fees when applying for a loan. Fees range from 10% to 20%. Interest and fees will be made public before the borrower confirms the loan. Commitment not to incur hidden fees, not included in the loan agreement.
6. Example of Mr Cash interest rate calculation
Mr Cash loan Philippines borrowers are approved for a limit of 4000 pesos with a term of 91 days, a service fee of 10%, interest rate of 20% / month.
- The service fee is 4000 x 10% = 400 pesos.
- The interest rate is 4000 x 20% x 3 months = 2400 pesos.
- After 3 months, the client will have to pay a total amount of 4000 + 2400 + 400 = 6800 pesos.
7. Mr Cash loan requirements
Mr Cash loan app requirements borrowers must be Filipino citizens aged 18 years or older, have 1 valid ID, have a stable income that can afford to pay on time.
Mr Cash first loan
The first loan at Mr Cash loan only requires borrowers to fill in personal information and take a photo of the 2-sided genuine ID and a selfie holding the ID to verify the information.
Mr Cash 2nd loan
Mr Cash second loan amount is up to 23000 pesos if the borrower has a reputable payment history.
Mr cash 3rd loan
For repeat loans, just log in to the account registered at Mr Cash loan app and select the loan limit and submit the loan application. The system will give quick approval in 5 minutes.
8. Guide to register Mr Cash Loan App Step-by-step
Detailed instructions for 6 simple steps to apply for a loan at Mr Cash loan application are as follows:
Step #1: Download the Mr Cash loan app
Download Mr Cash loan online APK at this link
Step #2: Sign up for an account
Enter your phone number and OTP to register an account at Mr Cash loan.
Agree to the terms and conditions of the application when starting to borrow.
Step #3: Fill in personal information
Complete and accurate personal information as required (such as name, date of birth, gender, marital status, education, email, phone number, address…)
Step #4: Upload a photo of your personal ID
You will be informed of the maximum limit you can borrow based on the information you have just registered,
Then, verify the information by uploading the front and back of the ID and a selfie holding the ID.
Add your reference person (name, phone number).
Step #5: Fill in the pay-out channel information
Select the loan application term and fill in the pay-out channel information (you can use banks or e-wallets like GCash).
Step #6: Submit a loan application
Confirm agreement to the loan conditions, terms and information. Confirm and submit to submit loan application and wait for disbursement.
9. Mr cash loans reviews and Feedback
Mr cash loan app review is 100% legit with fast approval&payout, all their loan products are unsecured. They has provided financial support to thousands of customers and received high praise for the quality of service.
However, it also get some Moca Moca complaints, some feedbacks are below:
10. Mr Cash loan repayment
To make a loan payment at the Mr Cash loan app, borrowers must access the app and click on the “Repayment” section and choose the most suitable payment method. Examples include paying via GCash, paying at 7-Eleven, M.Lhillier or RD Pawnshop.
Then, simply enter the contract code and ID to proceed with the payment. It is recommended to save the payment receipt if further verification is required.
11. Compare Mr Cash loan App philippines to other App
Comparative criteria | Mr. Cash loan app | Unacash App | Finbro |
Limits | 1500 – 23000 pesos | 1000 – 50000 pesos | 1000 – 50000 pesos |
Tenor | 91 – 120 days | 2 – 6 months | 1 – 12 months |
Interest | 15%/months | 0% – 16%/months | 15% – 37,5%/months |
Age | Over 18 years old | Over 18 years old | 20 – 65 years old |
Browsing time | 5 minutes | fast loan 15 minutes | 15 minutes |
Rating review | 8/10 | 9/10 | 9/10 |
Sources: Refer to Sate Bank reporting and research.
Read more:
12. Mr Cash loans contact details
When customers need advice or inquiries, customers should contact Mr Cash loan Philippines online services via:
- Company: e-Generation Lending.
- Company Address: 17th Floor, The Orient Square Building Ortigas Avenue, Ortigas Center Pasig City, Philippines.
- Customer Service Email : contact@mrcash.vip
- Phone number : 09690678937
13. FAQs – Mr cash loan review
Here are some frequently asked questions when finding out information about Mr Cash loan app review:
Is Mr Cash loan app legit?
Yes. Mr Cash loan app has been certified to operate reputable and legal. This lender is an online cash loan application under e-Generation Lending company, which has been certified by the SEC – Securities and Exchange Commission, committed to fast disbursement, no hidden fees, absolute confidentiality of customer information.
Is Mr Cash SEC registered?
Yes. Mr Cash loan reviews offer fixed interest online personal loans, transparent disclosure of loan information, have been legally certified by the SEC – Securities and Exchange Commission with SEC registration number 2021070020530-12 and Certificate of Authority No.L-21-0036-70. Customers who are in difficulty, urgently need money to solve the job can choose to apply for a quick loan.
How to cancel Mr Cash loan?
Before confirming the loan application, Mr Cash loan Philippines will set the maximum limit customers can borrow based on the borrower’s registered information. After that, the borrower will choose the limit that suits the personal financial situation. They will disclose interest and service fees for customers’ reference and calculation in advance. If you agree to borrow, confirm and send the loan application to the system. Otherwise, the subscription can be canceled.
14. In conclusion
Mr Cash loan app reviews is a reputable and legal online personal loan application in the Philippines. Customers can refer to and consider loan information suitable to their personal needs before applying for a loan to ensure their ability to pay on time.
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Alenix says
Thanks to Mr cash loans reviews, I can have more information about it.
Suze Orman says
You are welcome
Niketa says
Is Mr Cash loan app no check credit?
Suze Orman says
Yes, it is
Daniel says
It is so easy to loan online Mr Cash Loan App, just about 20 minutes for approval.
Suze Orman says
Thanks for your sharing