Quick Loan in Mandaluyong

With the many developments in the city such as banks, offices, and service establishments, the cost of living is rising as fast as the job opportunities and quality of life of the residents living in the area. Even with the rising quality of life, the residents are not exempt from experiencing financial struggles and facing financial emergencies. 

The good thing is that there are quick loans in Mandaluyong that are available for employed and self-employed individuals. 

Unique Features of Quick Loans

Fast Transactions

The turnaround time for quick loans takes as fast as 24 hours from the time of application to disbursement. This ensures that the needs of the borrowers are immediately addressed and makes this financial product widely attractive. 

Less Documentation

With only basic documentation requirements such as a valid ID and proof of income, one can already apply and be approved of a loan. 

Favorable for People with Bad Credit History

Those who have a not so favorable credit history will find themselves not being able to apply for a loan with banks. This is not the case with quick loans from lending companies and other non-banking financial institutions. Because of the lower loan limit and shorter loan terms, even those with a bad credit history will be able to apply for a quick loan and give themselves a chance to build a good credit standing again. 

Available for Online Applications

Not everyone will have the luxury of time and apply for a loan at the branch office. And while the needs are immediate, one cannot wait for the next working day to start their application process and wait for a few more days for the disbursement. With quick loans, online applications make it possible for people to apply at any time of the day, wherever they are in the country. 

Quick Loan in Mandaluyong

There are many banks, pawnshops, and other lending companies stationed in Mandaluyong to provide financial assistance to Filipinos occupying the area. However, if COVID-19 is taken into account, getting a quick loan from a lender that does not require a face-to-face transaction must be the best alternative. Some of the legitimate and dependable online lending platforms accessible in Mandaluyong are listed below: 

Cashalo 

Loan Features

Minimum/Maximum loan amount: Php 1,000 to Php 10,000

Interest rate: 0.3 percent to 0.5 percent per day 

Loan terms: 1 to 90 days 

Approval duration: Up to 24 hours 

Cashcat 

Loan Features

Minimum/Maximum loan amount: Php 1,000 to Php 10,000

Interest rate: 1.5 percent per day

Loan term: 1 to 45 days 

Approval duration: Up to 60 minutes 

Requirements

The typical qualifications and requirements to apply for a Quick Loan in Mandaluyong are the following:

• A Filipino Citizen currently residing in the Philippines
• At least 18 years old
• Has a stable source of Income (Proof of Income Needed)
• Government-issued ID
• Bank Account (if required)

Conclusion

Applying for a quick cash loan in Mandaluyong is simple and easy. When one qualifies for the basic requirements and have the documents to prove their capacity to repay the loan, there is no issue of whether or not one can avail of a quick loan.