Loan Ranger is now BillEase!
You can read all about BillEase in our review here.
You are also welcome to Read all about Loan Ranger in our detailed review bellow:
Company Information
Loan Ranger is a digital Finance Corporation that is operating under the names and styles FDFC, Balikbayad, Loan Ranger, and Billease, with SEC Registration no. CS201516347, CoA no. 1101.
The main office is located at 9F TM Kalaw Center, 667 TM Kalaw Avenue, Ermita Manila. For inquiries, they can be emailed at [email protected] or call them at +639999804333 (Smart) and +639159039339 (Globe).
Although loans can be applied online, those who wish to visit their main office can do so every Monday to Friday from 9:00 AM to 6:00 PM.
Types of Loan Offered
There is only one type of loan that is being offered with Loan Ranger and that is the Cash Loan. Those who have an urgent cash need may apply for a cash loan easily because of its simple eligibility qualifications:
- Applicant must at least be 18 years old and above
- Should have a stable source of income
- Has a valid government-issued ID
Once these eligibility qualifications are met, applicants can proceed to apply for a loan. One requirement that Loan Ranger will ask for apart from the government-issued ID is proof that the applicant indeed has a stable source of income and that can be proved by presenting either a payslip, Bank Statement, or a screenshot of online banking.
With Loan Ranger, applicants will immediately know whether their loan applications are approved within 24 hours. For first-time borrowers, they can borrow from Php3,000 to Php 10,000 and if they have a good credit standing with Loan Ranger, they can apply for a higher loan amount when they reloan.
Loan disbursements are done through the applicant’s bank account so it is always helpful if applicants have already opened a bank account. It does not matter if you have had the account recently or you have had it before.
For loan repayments, applicants need not worry about making late payments because they will have multiple options of repaying the loan amount. Here are the different ways:
Through Coins.ph
Can be done for borrowers who have a facility for online banking. Just click the pay with Coins button on the Loan Ranger homepage.
Through Bank Transfers / Deposits
Banco de Oro (BDO)
- Account name: First Digital Finance Corp
- Account number: 011290007371
- Branch: Adriatico – Sta. Monica
Bank of the Philippine Islands (BPI)
- Account name: First Digital Finance Corp
- Account number: 8101 0064 77
- Branch: MH Del Pilar
Security Bank:
- Account name: First Digital Finance Corp
- Account number: 0000-001768-090
- Branch: Adriatico
Why Choose Loan Ranger
Filipinos who wish to get a loan that is quick, safe, and flexible will be able to apply for those at Loan Ranger. While many promise to provide all that to most Filipinos, only a very few can deliver. This is what makes Loan Ranger a promising brand that Filipinos can trust.
It Serves the Underbanked
For Filipinos who do not have a credit score or have had credit card bills that they have missed paying a few years before, they can be assured that they can still apply for a loan with Loan Ranger. They do not discriminate and choose only those who have excellent credit ratings – they provide a second chance to the underbanked who are in real need of financial relief.
Those who can apply are not just the employed. Even freelancers and small sari-sari store owners can apply for a loan just as long as they can show that a stable income reflects in their bank statements or statements of account.
It is Truly Simple and Not Complex
There is no need for collateral or multiple documentations. Everybody has a government-issued ID and with proof of income, most borrowers are good to go. With just a few clicks of a button and providing your personal information, you might already be on your way to getting approved of the loan amount requested.
It makes sense for the documentation to be simple – those who need a loan of few thousands should not be burdened and challenged further with a lot of documentations because when the need is urgent, not many will scramble to go back and forth with the requirements and this is why a lot of people would rather borrow money from loan sharks. And that is just unfortunate because that means they will be more in debt.
It is Digital
The great thing about having to apply for a loan online is the ease and comfort it brings. There is no need for you to travel to apply for a loan and then go back again for follow-up or disbursements. You do not have to sit through the traffic and spend all the time traveling. You can easily apply from the comfort of your home just as long as you have a smartphone or a laptop and an internet connection.
With the rise of digital platforms, Loan Ranger ensures that borrowers can also rely on them in times of challenges. After all, financial challenges come for anyone wherever they are in the Philippines.
How to Sign Up
We have already mentioned that applying for a cash loan with Loan Ranger is very easy. Just visit their website at loanranger.ph and click on the sign-in button located on the upper right-hand side of the screen to begin.
Click on the signup button which can be seen at the bottom of the sign-in page:
Upon clicking on the sign-up button, you will be redirected to the page where you can choose the loan amount that you need and the installment method that is most convenient to you. The loan amount can be up to Php10,000 for first-time applicants and the repayment can be up to 3 months. Click on apply now.
You will then be taken to the next page of the application and will be asked to provide your personal details.
Once all details are entered and submitted, the next set of instructions will be sent to your email ID. Make sure that you have already scanned and saved your government-issued ID and proof of income to complete your loan application with ease. Applicants have the option to add more to the required proof of income for a better chance of getting an approval.
You will be able to hear from the Loan Ranger team on the status of your loan application within 24 hours. When approved, the amount will be credited to your bank.
Frequently asked questions
Are all details needed in the application required to be filled?
Can existing borrowers reloan?
What if a payment has been missed?
How fast is the decision to approve and when will the loan amount be credited?
What if a loan application has been declined? Can borrowers apply again?
Can a loan be repaid early?
Can unemployed applicants be approved of a cash loan?
Conclusion
Having short-term financial requirements is a reality that most Filipinos face – whether it be for a medical emergency, payment of tuition fees, additional capital for a business, or traveling. Whatever the reason is, the options that Filipinos have should not be limited to those who are employed or have the means for collateral. Opening the market to those who are small business owners and self-employed is a major help for those who are taking a step towards gaining financial growth and security.
With Loan Ranger’s digital approach to providing finance solutions to Filipinos with minimal requirements and an easy application process, it ensures that short-term needs are addressed with the least amount of time and completed in the most efficient means possible. Now Filipinos do not have to come to loan sharks that will only further their indebtedness.