Mabilis Peso – In an era where financial flexibility is crucial, Mabilis Peso emerges as a top-notch online cash loan service app tailored for residents of the Philippines. This app stands out for its low interest rates, user-friendly application process, and rapid fund disbursement, making it a preferred choice among Filipinos seeking quick financial assistance.
Why Choose Mabilis Peso?
Flexible Loan Amounts and Terms
Mabilis Peso offers a wide range of loan amounts, from ₱10,000 to ₱50,000, catering to various financial needs. Whether you need a small loan for unexpected expenses or a substantial amount for significant investments, Mabilis Peso has got you covered. The repayment terms are equally flexible, ranging from 91 days to 360 days, allowing users to select a plan that best fits their repayment capacity.
Competitive Interest Rates
One of the standout features of Mabilis Peso is its competitive interest rates. The app offers an annual percentage rate (APR) of 28.8%, significantly lower than many traditional banks. For instance, if you borrow ₱10,000 for three months, the daily interest rate is 0.08%, resulting in a total interest payable of ₱728. This makes Mabilis Peso a cost-effective option for borrowers.
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Eligibility Criteria
Citizenship and Age
Applicants who wish to apply for a loan through Mabilis Peso must be Filipino citizens. The age criteria for applicants is between 18 and 60 years. This age range ensures that borrowers are legally adults and within a working-age bracket, providing a better guarantee of repayment ability.
Income and Employment
To qualify for a loan, applicants must demonstrate a stable source of income. This requirement ensures that borrowers have the financial capacity to repay the loan on time. Employment details, including job stability and monthly income, are typically assessed to verify this criterion.
Identification
For identity verification purposes, applicants are required to provide acceptable forms of identification. Government-issued IDs are preferred as they are reliable and standardized. Commonly accepted IDs include:
- Philippine Passport
- Driver’s License
- Unified Multi-Purpose ID (UMID)
- PhilHealth ID
- Voter’s ID
Contact Information
Having an active phone number is essential for the loan application process. This contact information is used for communication purposes, including application status updates, loan approval notifications, and any necessary follow-ups. Ensuring that the phone number is correct and active helps maintain smooth communication between the borrower and the lender.
Bank Account Details
Applicants must provide their bank account details as part of the application process. This information is crucial for two primary reasons:
- Fund Disbursement: Approved loan amounts are directly deposited into the borrower’s bank account, ensuring quick and efficient access to funds.
- Repayment Setup: Bank account details are used to set up automatic repayments, making it easier for borrowers to meet their repayment schedules without the hassle of manual payments.
By meeting these eligibility criteria, applicants can ensure a smoother and quicker loan approval process, gaining access to the financial support they need through Mabilis Peso.
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Quick and Easy Application Process
Applying for a loan with Mabilis Peso is incredibly straightforward, eliminating the need for physical bank visits. Here’s how it works:
- Download the App: Available on major platforms, including iPhone and Android.
- Register: First-time users need to create an account.
- Log In: Select ‘Start your first loan application.’
- Choose Loan Amount and Terms: Decide on the loan amount and repayment period.
- Approval and Disbursement: After submitting your request, receive funds within 24 hours.
This seamless process ensures that users can access funds quickly and efficiently.
Transparent Policies
Mabilis Peso is committed to transparency, providing clear and updated loan information. Borrowers are fully informed about all terms and conditions, including any associated fees, ensuring there are no hidden surprises.
Strong Customer Support
The app offers 24/7 customer support to assist with any queries or issues. This continuous support helps borrowers through the application process and provides repayment assistance when needed.
Security and Confidentiality
Mabilis Peso uses advanced encryption technologies to protect personal and financial information. Users can be assured of their data’s confidentiality and security throughout the loan process.
Interest Rate Example
Let’s break down an example:
- Loan Amount: ₱10,000
- Annual Interest Rate: 28.8%
- Loan Duration: 3 months (91 days)
- Daily Interest Rate: 0.08%
Total interest payable: ₱10,000 * 0.08% * 91 = ₱728
Total amount to repay: ₱10,728
Monthly repayment amount: ₱10,728 / 3 = ₱3,576
Application Steps
- Download the App: Available on Google Play and the App Store.
- Register and Verify: Enter user information and verify your identity.
- Select Loan Amount: Choose the desired loan amount and repayment period.
- Submit Application: Wait for application approval.
- Receive Funds: Funds are disbursed directly into your bank account within 24 hours.
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Contact Information
For any assistance, Mabilis Peso provides multiple contact methods:
- Email: [email protected]
- Phone: Available on the app and website.
- Physical Address: 1089-1069 Atis Mabalacat, Pampanga, 2010 Philippines.
Conclusion
Mabilis Peso stands out as an ideal choice for Filipinos needing swift financial assistance. With its flexible loan options, quick approval, and efficient fund disbursement, Mabilis Peso offers a reliable and user-friendly solution for all your financial needs.