OLP Loan Review App Online Legit? Complaints? Payment pilipinas

OLP Loan review legit or not? interest? disbursement? requirements? How to pay using gcash?

In this article at retailasiaonline.com, we will review it with many details for borrowers to apply for loans, handle their accounts, and make payments 2025.

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Summary of OLP loan

✅ Reviews	⭐ OLP loan app
✅ Loan Amount	⭐ ₱1,000 – ₱25,000
✅ Age	⭐ 20 – 72 years old
✅ Term	⭐ 3 – 12 months
✅ Interest rate	⭐ 1% per month
✅ Requirements	⭐ Have at least one valid ID
✅ Pros	⭐ Safe online loan
✅ Cons	⭐ Be subject to harassment, victims
✅ Evaluate the effectiveness	⭐ Good
✅ Harassment	⭐ Call directly or email
✅ Complaints	⭐ No
✅ Legit	⭐ Yes
✅ Phone number	⭐ (02) 405 5171
✅ Registration number	⭐ CS201726430
✅ OLP loan app download Apk	⭐ Link here

What is OLP loan?

OLP loan app is a type of loan that lets people use a pre-approved line of credit as needed instead of getting a big sum. The borrower only pays interest on the amount borrowed, not on the whole line of credit. This can be a flexible and inexpensive way for companies.

Pros of OLP loan App

Here are some benefits when using an OLP online loan review:

Convenience: OLP loan apps make it easy for people to get the money they need quickly. They don’t have to go to banks or other lending companies to apply for loans.
Speed: These apps usually have easy-to-use ways to sign up and quick acceptance times. Borrowers can get the money they need within hours or days, which is especially helpful in an emergency.
Accessibility: Most of the time, OLP loan tools are more open to everyone. They might look at more than just credit scores when deciding who to give money to, making loans easier to get for people with different credit histories.
Efficiency: Because OLP loan apps are digital, they can handle and automate many tasks quickly and easily. This cuts down on paperwork and administrative hassles for both borrowers and lenders.
Competitive Rates: Because these sites are online and there is more competition, borrowers may find better rates than with traditional lenders.
Accessible 24/7: Borrowers can use OLP loan apps to apply for loans and control their accounts at any time, day or night.

Cons of OLP loan

In addition to its many advantages, OLP loan also have a number of drawbacks.

High interest rates: OLP loans, especially those given to people with bad credit or not much of a credit history, usually have higher interest rates than loans from banks or credit unions.
Hidden Fees: Some OLP lenders may charge fees or costs that borrowers don’t know about until they start paying back the loan. These extra costs can make the general cost of the loan go up by a lot.
Short Repayment Terms: Many OLP loans have short terms for paying them back, which can make monthly payments more expensive and put users in a financial bind.
Risk of Debt circle: High interest rates and short repayment terms can make it more likely for borrowers to get stuck in a circle of debt, where they have to take out new loans to pay off old ones.
Concerns about privacy: Most of the time, OLP lenders need to see private personal and financial information.
Predatory Lending Practices: Some OLP lenders use misleading loan terms and aggressive collecting methods to take advantage of people who aren’t able to protect themselves.

OLP interest rate

Get access to a limited-time promotion just for new customers, which includes credit with interest rates as low as 0% and no additional costs of online loan philippines OLP.

First-time borrowers are eligible for a loan with a 0% interest rate and no associated processing fees.
For those who borrow repeatedly, a daily interest rate of 1% is applied, with a maximum Annual Percentage Rate (APR) capped at 200%.

Example of OLP loan calculator

Suppose you apply for an online loan Philippines OLP with the following terms:

Loan Amount: $10,000
Interest Rate: 8% per annum
Loan Term: 3 years (36 months)

Monthly Interest Payment = (Loan Principal × Monthly Interest Rate)

Where:

Monthly Interest Payment is the interest you pay for a specific month.
Loan Principal is the initial loan amount.
Monthly Interest Rate is the monthly interest rate, calculated by dividing the annual interest rate by 12 (since there are 12 months in a year).

Calculate the monthly interest rate:

Monthly Interest Rate = Annual Interest Rate / 12
Monthly Interest Rate = 8% / 12 = 0.08 / 12 = 0.0066667 (rounded to 7 decimal places)

You can calculate the monthly interest payment for each month of the loan term:

Month 1:

Monthly Interest Payment = $10,000 × 0.0066667 = $66.67

Month 2:

Monthly Interest Payment = ($10,000 – Principal Paid in Month 1) × 0.0066667
Monthly Interest Payment = ($10,000 – $200) × 0.0066667 = $66.44

Note: The interest portion of your monthly payment decreases as the principal balance decreases, and the portion going towards principal increases over time.

OLP loan requirements

Here are some of the most common things you may need to do to get an OLP loan:

Age: Most personal loans require that you be at least 18 years old.
Salary: Lenders usually want borrowers to have a steady salary. This income can come from a variety of places, such as a job, self-employment, retirement payments, or other regular sources of funds.
Credit Score: Your credit score is a big part of whether or not you can get a personal loan and how much interest you’ll pay on it.
Credit past: Lenders may look at your credit past in addition to your credit score.
Residency and Citizenship: Some lenders may require you to be a U.S. citizen or a permanent resident, while others may accept non-citizens or visa holders.
Bank Account: Many lenders insist that people who want to borrow money have an open bank account.
Loan Purpose: You may have to say what the loan is for. Personal loans can be used for many things, like consolidating debt, making home changes, paying for medical bills, or dealing with an emergency.

OLP maximum loan

Here are the maximum of OLP loan:

OLP first loan

For up to 30 days, you can get between 1,000 and 7,000 pesos. The first OLP loan payment has no interest, so you’ll get back exactly what you borrowed. You have to pay it back on the first date. So, the first OLP loan is limited to between PHP1,000 and PHP7,000.

OLP repeat loan

You can get from 1,000 to 30,000 pesos for up to 30 days. OLP online loan Pilipinas maximum 2nd loan amount is PHP30000.

OLP loan term

Customers can borrow money quickly from OLP loan. They can borrow between 1,000 PHP and 20,000 PHP for 90 days to 12 months.

How to loan in OLP App

Here are Step-by-step to apply for OLP loan:

Step #1: Download the OLP Loan App

Find the OLP App in your app store (Google Play Store or Apple App Store).
You can download the app and put it on your phone or computer.

Step #2: Create an Account

Open the app and look for the choice to make a new account.
Give the information that is asked for, which could be your name, contact information, email address, and a password.
Follow the steps to make sure your account is real.

Step #3: Apply for a Loan

On the home page, choose the amount you want to borrow. Click the button that says “Apply.”
On the next page, type in your cell phone number and click the Send Me Code button. Then, enter the OTP that was sent to your phone.
Give the information that is needed. Click the Next button.

Step #4: Submit Application and Documentation

The next page requires your province and full address. Click “Next”.
Upload your ID. The OLP app lists acceptable documents.
Take a selfie with your application ID.
Enter your bank or e-wallet info. Select “Get Money”.

For more details about application using OLP loan app, you can watch these videos:

OLP loan disbursement

You can use Instapay as our standard method of payment. After you get approved, the cash will be sent to your account in less than 10 minutes.

If Instapay can’t handle your transfers automatically for some reason, you can try again with Dragonpay. You will get a text message about it. On the last step of your application, you can see how the money will be sent to you.

OLP loan App reviews and Feedback

The OLP Loan review application process is one that I find to be quick and straightforward.

OLP features a lot of positive reviews from former users. Using the app, customers may find out instantly if they qualify for the required loan amount, and approval can be obtained in a matter of minutes after the necessary paperwork has been submitted.

It can be a fantastic option if you have a stable income but need access to a large chunk of money quickly. However, you should expect technical difficulties and subpar service.

You can see some customers’ OLP loan app review as follows:

How to pay OLP loan?

Here is a general description of how to pay off an OLP cash loan:

#1. Enter Your Account

On your phone or computer, open the OLP app.
Use the same username and password that you used to make your account or apply for the loan.

#2. Go to Loan Management

Once you’re logged in, find the part of the app that lets you handle your loans or account.
This area might be called “My Loans,” “Account,” or something similar.

#3. Choose a way to pay back

Bank transfers, debit or credit card payments, and regular withdrawals from your linked bank account are all common ways to pay.
Choose the way of payment that works best for you.

#4. Enter payment details

If you’re making a physical payment, you’ll need to enter the necessary payment information. This could include information about your bank account, credit card, or debit card, as well as the amount you want to pay back.
Follow the on-screen instructions to link your bank account or card to regular payments.

#5. Confirm and Send Payment

Check your payment information twice to make sure it is correct.
Once you are sure that all of the information is right, you can confirm the payment and send it through the app.
If you only want to pay once, the app will handle it right away.

Compare OLP loan App to other App

Loan App	OLP loan app	Peso loan app	Pautang loan App
Interest Rate	1% per month	18.25% per year	0.046% – 4% per day
Loan Amount	Up to PHP 50,000	Up to PHP 500,000	Up to PHP 50,000
Loan Term	Up to 6 months	Up to 6 months	Up to 12 months

Sources: Refer to Sate Bank reporting and research

OLP loan contact number

Here are the contact for OLP online loan:

Phone number: (02) 405 5171.

Email: hotline@moola.ph

Address: 197 Salcedo, Legaspi Village, Makati, 1229 Kalakhang Maynila, 7 floor

Read more:

FAQs – OLP loan App

For more information about OLP Loan, follow the frequently asked questions below:

Is OLP loan app legit?

Yes, The Securities and Exchange Commission has given it the registration number CS201726430, and the California Department of Corporations has given it the number 1181. In addition to that, the National Privacy Commission, generally known as the NPC, acknowledges its validity. With these credentials, Online Loans Pilipinas can be considered a legitimate business.

OLP loan how many days to pay?

Usually, as soon as your loan is accepted, it will be shown. This could take up to one work day, but you should get an SMS when OLP loan extension. Depending on the type of payment method you choose, it may take longer, but it usually never takes more than 3 business days.

How to pay OLP loan using gcash?

Open the GCash app and sign in to your account. Tap “Bill Payments” and then “Overseas Loan Payment.” Type in the loan payee’s name and the amount to be paid. Check the payment information and click “Submit.” Your GCash account will be used to pay off and you should note OLP loan review complaints.

How to cancel OLP loan?

You can’t back out of an OLP second loan deal you signed via SMS. The money goes straight into your bank account. The only way to pay back the loan is as soon as possible. You can only back out of the loan before you sign the deal.

Where to pay OLP loan?

Your payments for OLP loan app reviews Pilipinas can be processed through any of the following channels: It’s a 7-Eleven. Bayad retail locations. Robinsons Place for Business and Commerce. The SM Malls. The Cebuana Lhuillier Group. The RD Pawnshop and the LBC. This is the Palawan Express.

Conclusion

In conclusion, the OLP loan provides a convenient and easy-to-use tool for people who need help with money. Its easy-to-use interface makes it easy for borrowers to apply for loans, handle their accounts, and make payments.

The app usually gives users different ways to pay, depending on their preferences and wants.

Overall, the OLP loan app simplifies the way people borrow money, making it easier for them to get funds and keep track of their loans.

When using these loan platforms, it’s important to read the app’s specific terms and conditions and make smart financial decisions.

5/5 - (6 votes)