Aiming to provide its customers in the Philippines with better financial products and user experience, Caring Loan rolls out the new version of its consumer installment app. The new version waives the complexity which frequently occurs in credit card applications, enabling more Filipinos to enjoy the convenience and benefits of the consumer installment product. From the user interface design to the credit application process, every part of the app is streamlined to create a hassle-free experience for you.
Introduction of Product:
Loan Amount: ₱2,000 - ₱150,000
Loan Term: 91 days (shortest, including renewal) - 365 days (longest, including renewal)
Annual Interest Rate (APR): Maximum interest rate is 25.55%
For example:
If you choose a loan limit of 6,000 pesos for a term of 180 days (6 months), the daily interest rate is 0.07%. then you need to pay:
Amount in hand: ₱6,000,
Total Interest Charge: ₱ 6,000 * 0.07% * 180= ₱ 756,
Interest payable monthly: ₱ 6,000 * 0.07% * 30 = ₱ 126,
Total repayment due (loan amount + total interest charges): ₱ 6,000 + ₱ 756 = ₱ 6,756,
Monthly bill payments including principal and interest are due: ₱ 6,756/6 = ₱ 1,021.
- Who can apply for the loan?
Only for Filipinos aged 18 to 60.
Filipino citizens
A person with working ability
- Platform introduction
Caring Loan is a loan and the latest online loan platform, providing loan services. As the most popular online loan app in the Philippines, Caring Loan is a financial partner that provides loans to salaried employees and self-employed.
- Platform advantage
The main goal of Caring Loan App is to help you with your financial problems by providing you with loan solutions.
Data Security:
Rest assured, Caring Loan prioritizes the security of your personal and financial information. We employ advanced encryption and security measures to ensure your data is safe and protected at all times.
Company Information
Email:
[email protected]
Address: Avenida Rizal East, Lingayen, Pangasinan, 2401 Philippines