Fast Cash Loan

QUALIFICATIONS

Age & Nationality: 21 to 65 years old & Filipino
Workplace: Within Metro Manila
Working tenure: At least 3 months
Net monthly income: PHP 10,000 and up
Must have an own mobile phone & office landline phone

REQUIREMENTS

Must have 1 original valid ID from each group
(1 must contain present address: if not, provide Barangay Certificate or Utility Bill)

 Group A: TIN, SSS, GSIS, Unified Multipurpose ID
 Group B: Passport, Drivers License, Postal ID, Voters ID, PRC, NBI Clearance

2 consecutive original payslips from the most recent 2 months payment or Certificate of Compensation(BIR2316)

Original Certificate of Employment or Employee ID
(if working under agency,provide original Certificate of Employment or Employee ID issued by agency)


FAST CASH LOAN OUTLINE
 

1st Term Loan

2nd Term Loan

Revolving Loan

Term

6 Months

12 Months

Flexible

Maximum Loanable Amount*

PHP 250,000

PHP 500,000

Payment Due Date

1st or 16th of Month

Monthly Interest Rate*

3.315% to 4.563%

Processing Fee

PHP 1,000

-

-

Lending Fee

PHP 500

PHP 500

-

Late Payment Charge

PHP 500

Remittance Fee

Actual costs incurred

 

PROCEDURE OF APPLICATION TO LOAN

 

 

 

INTEREST CALCULATION

Interest amount generated only on the borrowed days

(Sample Interest Calculation)

[1st Month]

When borrowing PHP10,000  with interest rate of 4.563% for 30 days  and P 1,940 (Required Payment).

= 450.02 (Interest amount for 1st month)

 

[2nd Month]

= 382.54 (Interest amount for 2nd month)

 

REPAYMENT DUE DATE

 

REPAYMENT SCHEDULE   *Sample

Case 1) 1st Term Loan for 6 Months, Monthly interest rate is 4.563%

 

Case 2) 2nd Term Loan for 12 Months, Monthly interest rate is 4.563%

Case 3) For Revolving Loan, Monthly interest rate is 4.563%

 

 

*The repayment amount  would change slightly depending on  loan execution date.

**When It’s overdue, interest in overdue days and late payment charge will be added.