SOSCREDIT PH Review: Legit App? Requirement Philippines (2024)

What is Soscredit? Pros and Cons of Soscredit app review? How to apply for Soscredit loan is easiest to approve?

Let’s retailasiaonline.com find out and refer to detailed information about Soscredit loans in the article below.

1. Summary of Soscredit

2. What is Soscredit?

Soscredit is a financial company that provides online lending services without pledging assets or guarantors. New customers will be entitled to a maximum loan of 10,000 pesos. If paid on time, the limit for future loans can be up to 25000 pesos, installments for a term of 3 to 12 months.

3. Pros of Soscredit App

Many customers choose to borrow money online at Soscredit app with advantages such as:

• Online loan services do not need to meet face-to-face to apply.
• Connect customers with the right loan.
• No pledge of valuable property and no guarantor.
• Loan approval and quick disbursement in 15 minutes.
• New customers are interest-free and free of charge.
• It is possible to withdraw 1 part or all of the approved loan amount, receive money via bank transfer.
• Flexible payments in many different ways.
• It is possible to apply for additional loans.

4. Cons of Soscredit Loan App

Borrowers should also pay attention to some disadvantages of Soscredit loan before applying for a loan:

• The loan limit is not too high, only suitable for the need to borrow money quickly to solve urgent needs, not suitable for the needs of borrowing too large amounts.
• The payment term is shorter than traditional bank loan packages.
• Loan interest rates are quite high and there are some additional service fees.

5. Soscredit interest rate

New customers applying for Soscredit loans will be exempt from interest and service fees for 62 days. If paid on time and reliably, borrowers will be approved for subsequent loans with an annual percentage APR (total loan expenditure on total loan amount) from 143% to 180%.

6. Example of Soscredit interest rate calculation

The Soscredit app review loan is 20000 pesos for 6 months, an annual percentage APR of 143%.

• The principal amount payable for 1 month is 20000 / 6 = 3333.33 pesos.
• The amount of interest payable for 1 month is 20000 x 143% / 12 = 2383.33 pesos.
• The total amount payable in 1 month is 5716.66 pesos.

7. Soscredit loan requirements

The conditions and procedures for applying for a Soscredit review loan are very simple.

• Eligibility: To apply for a Soscredit loan online, you need to be a Filipino citizen between 20 and 70 years old, able to make payments, and have a bank account at a Philippine credit institution.
• Procedure: Fill out the application form, wait for the Soscredit Ph approval decision to be notified or receive a text message or email.

8. Guide to register Soscredit Loan Application Step-by-step

The simple steps to apply for a loan at Soscredit are:

Step #1: Visit the Soscredit homepage

Access Soscredit’s homepage via the link:

Select the amount to borrow.

Step #2: Enter your email

Enter your personal email to apply for loan information.

Tich agrees to the terms and conditions of loan application at Soscredit loan.

Step #3: Verify your email

Check the email sent by Soscredit, click the verify email button to receive a suitable loan proposal.

9. Reviews Soscredit online Loan App Feedback

Soscredit review is rated 4.3 on Google Play. It is safe to use and not a scam website.

Borrowers highly appreciate the convenience, speed and usefulness of Soscredit to help solve their super-fast financing needs. Some images of customers feedbacks are below:

10. Soscredit loan repayment

Some of the Soscredit payment methods are:

• Pay at bill payment centers such as 7-Eleven convenience stores, Robinsons big mall, SM Payment center, pawnshop Cebuana Lhillier, Bayad center bills payment.
• Pay on an online banking app.
• Pay on Bills payments mobile apps such as Meralco, Bayad center, CLiQQ, Moneygment.
• Pay via ATM or credit card.
• Pay via e-wallets GCash, PayMaya, Coins.ph, ECPay.

11. Compare Soscredit loan App philippines with other loan apps

Sources: Refer to Sate Bank reporting and research.

12. Soscredit customer service

All Soscredit Ph complaints will be contacted via:

• Email: info@soscreidt.ph
• Hotline: 0999481923
• Address: Latvia, Saldus, Liela iela 9, LV-3801

13. FAQs – Soscredit PH

Below are answering the frequently asked questions about Soscredit:

Is Soscredit legit?

Soscredit was launched in 2017, covering many countries such as the Philippines, Vietnam, Russia, Mexico, Poland, Czech Republic … In the Philippines, Soscredit has not received an SEC certificate. However, Soscredit is still one of the intermediary lenders connecting borrowers and reputable lending partners, processing information quickly and disbursing in 15 minutes.

How to pay Soscredit?

You can repay your loan at Soscredit in the following ways:

• Pay at bill payment centers such as 7-Eleven convenience stores, Robinsons big mall, SM Payment center, pawnshop Cebuana Lhillier, Bayad center bills payment.
• Pay on an online banking app.
• Pay on Bills payments mobile apps such as Meralco, Bayad center, CLiQQ, Moneygment.
• Pay via ATM or credit card.
• Pay via e-wallets GCash, PayMaya, Coins.ph, ECPay

14. In conclusion – Should you Apply to Soscredit App?

Soscredit provides online financial support anytime, anywhere. Help customers in need of loans will access suitable loans quickly with a maximum limit of 25000 pesos, flexible installment terms from 3 to 12 months.

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