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MoneyTree Review

In several life situations deemed inevitable and unexpected, a person’s financial capacity is often tested. Questions like, “how am I going to meet the needs of my family?” or “to what extent can my cash provide me with at least 3 meals a day?” are some of the thoughts that probably come across your mind when life seems to suddenly go against your favor. Especially at times when an economic crisis occurs because of the pandemic, no amount of preparation could guarantee that your necessities will still be sustained unless otherwise, you opt to choose the last yet most convenient financial solution which is to apply for a personal loan.

A personal loan is a financial service provided by different companies across the world. It serves as a great avenue to borrow a certain amount of cash in the event that you need to pay your bills, consolidate your debts, purchase a car, or whatever purpose you would want to use your extra cash for. In the Philippines, there are a variety of loan services offered by a lot of registered lending companies. One of them is MoneyTree Quick Loan.

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Written by: Piggyy

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Loan Amount

500 - 10,000 PHP
4.2/5
4.2/5

Piggyy Rating

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MoneyTree
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Loan amount:
Emergency Loan: PHP 500 up to PHP 3,000

Small Personal Loan: PHP 2,000 up to PHP 10,000

Unsecured Loan: PHP 2,000 up to PHP 10,000

Secured Loans: Php2,000 up to Pho10,000

 

Loan Term:
Small Personal Loan: within 6 months

Unsecured Loan: 1 month up to 6 months

Secured Loans: up to 12 months

Loan Term

6 - 12 months

Est. APR

% min of 10

Loan Amount

500 - 10,000 PHP
Pros
  • A simple application process that can be done online
  • Fast loan approval only within 1-2 days
  • Offer a variety of loans with as low as 10% interest rate
  • Convenient loan repayment which can be processed through e-wallets
Cons
  • Loans are coupled with high-interest rates
  • Loan services are offered to Filipino citizens only
  • A co-maker is required for loans to be approved
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Company Information

 

Money Tree International Finance Corporation is a financial company owned by FreedomPeak Financial Management Consultancy and was established on April 18, 2011, with the mission of providing its customer’s different types of loan services online. 

 

Driven toward its primary goals, MoneyTree allows its customers to access immediate financial services without having to worry about how soon they would receive their loans. Over the years of its operation, the lending firm also remains to be one of the most reliable online loan providers in the country.

 

Having a strong workforce and enough technological tools helps MoneyTree serve its true purpose as a lending company – it assures potential loan applicants that they have an experienced and friendly staff to work with in order to successfully meet their needs and address specific customer concerns.

 

With its exclusive brand message, “We make it quick and simple”, MoneyTree aims to provide all its applicants with the easiest and fastest loan and customer services by allowing them to receive cash in just a few easy steps through an online application. The lending firm’s principal objective is to not just merely extend help through extra cash but also ensure its qualified applicants that they would be conveniently accommodated without having to visit a traditional lending branch an extra mile away from their home. 

 

MoneyTree is registered with the Securities and Exchange Commission (SEC) with Registration No. CS201127632 and Certificate of Authority No. 1031. Its headquarters is located at 191 Salcedo, Legazpi Village, Makati City, 1227.

 

Any inquiries or suggestions you would want to raise to MoneyTree may be sent through their email at [email protected]. However, should you need an immediate response, you can also get in touch with any of their staff by calling MoneyTree’s Customer Service at (+63) 908 896 2036 or reaching them with a message on their official website.

 

Products and Services Offered

 

MoneyTree offers a diversified list of financial products meant to cater to the specific needs of Filipinos when they need them. They are the following: Cash Advance, Emergency Loan, Salary Advance / Payday Loan, Small Personal Loans, and Unsecured Loans. 

 

Cash Advance

Ideal for borrowers who need a quick fix to address small money requirements such as the payment for utility bills, small appliance purchases, or tuition fee payments. With a cash advance, borrowers need not wait for a few days to have their loan application approved. Once Moneytree receives the loan application, the approval period happens within 24 hours.

 

Borrowers will also experience ease in the repayment because it will be done through the borrower’s employer through a salary deduction.  

 

Emergency Loan

Emergencies sometimes arise when a person is least prepared to deal with them financially. When faced with this dilemma, an emergency loan with MoneyTree is perfect for the immediate need of the borrower. 

 

Loan Features

Loan Amount: PHP 500 up to PHP 3,000

Interest Rate: Starts at 10%

Estimated Approval Period: Within 24 up to 48 hours

 

Small Personal Loan

Small Personal Loans are those which are granted to borrowers who lack the funds necessary to execute their personal and financial goals. Typically, this type of loan is multipurpose, which means a borrower may use it for the different purposes he or she intends the loan to be. 

 

Loan Features

Loan Amount: PHP 2,000 up to PHP 10,000 depending on the type of loan (secured or unsecured) 

Loan Tenure: Within 6 months

Estimated Approval Period: Within 24 hours

 

PayDay or Salary Loan

A Payday or Salary Loan is a type of financing that is extended to borrowers based on their income. This loan type is approved by MoneyTree within 24 to 48 hours, depending on the completeness of the documents submitted. 

 

Unsecured Loan

Loans that are approved quickly typically require collateral but with MoneyTree, they also approve unsecured loans based on submitted documents that prove the capability of the borrower to pay back the loaned amount within 48 hours. 

 

Loan Features

Loan Amount: PHP 2,000 up to PHP 10,000

Loan Tenure: Within 1 month up to 6 months depending on your loan amount

Interest Rate: Starts at 10%

Loan Payment: May either be done weekly, bi-monthly or monthly

Estimated Approval Period: Within 24 to 48 hours

 

Eligibility Criteria

  • Must be a duly-recognized Filipino citizen. 
  • Of legal age to enter into a loan agreement. 

 

Requirements

  • At least one (1) Government-issued photo ID of the applicant
  • At least one (1) Government-issued photo ID of the co-maker
  • Payslips for the last two (2) months
  • Bank statements for the last three (3) months
  • Proof of billing (any of the following):
    • Electricity bill
    • Water utility bill
    • Cable Service bill
    • Phone or Mobile bill

 

Why Choose Moneytree?

 

Easy Online Application Process

Unlike some of the financing companies across the Philippines, MoneyTree provides a simple online application process where potential applicants can easily navigate its website and select the most appropriate loan option that will best suffice their needs. Borrowers, in fact, may apply for a loan service just by filling out the online application form with their legitimate information and complete documents at hand, should they be required to present them. Simply put, MoneyTree allows a hassle-free application flow with only a few steps to follow wherever you are.

 

Fast Assessment

MoneyTree does not only prevent its applicants from going through a rigid application process. Rather, it also ensures that no one would wait for too long than intended to receive their loan. This is because microfinance is applied the moment all documents, which are supplemental for the loan application, have been submitted. Thus, borrowers may already obtain enough cash to suffice their urgent needs just within 1 to 2 days as long as applicants are qualified and manage to submit complete loan requirements.

 

Simple and Quick Fund Disbursement

As fast as the application and approval processes take, your loan can also be transferred to your account immediately. The long wait will surely be over because MoneyTree provides a service where borrowers may obtain their funds within 1 to 2 days, provided that the application has been approved.

 

How to Sign Up

 

One of the easiest methods to sign up and avail of a MoneyTree loan is to visit their website. The following are the steps that will serve as your guide to applying for a loan in MoneyTree:

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Visit the official website of MoneyTree and click the “Apply Now” section on the home page.

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Set the loan amount you would like to borrow and tick the circle that best corresponds to the purpose or reason behind your loan application. Fill out the required field in the online application form with your necessary details.

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Fill out the required field in the online application form with your necessary and complete details. Attach the link to your Facebook profile link by following the steps below:

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For DESKTOP users

Log into Facebook with your credentials

Click on your profile or name in the upper right part of the screen.

Copy the Facebook Profile URL shown in the address bar of your browser.

Paste the link on the respective field in your application form.

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For MOBILE users

Open Facebook on your mobile device.

Navigate to the profile page and click More.

Click “Copy Link to Profile.

Copy the link and paste it into the respective field in your application form.

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Fill out the form with more of your personal details.

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Tick the small circle to show that you have recognized and understood the Privacy Policy and Credit Reporting Policy of MoneyTree and that you agree with the terms and conditions provided under them. Lastly, click the “Submit” button and wait for your loan application to be approved.

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Frequently asked questions

I am interested in applying for a MoneyTree loan. What should I do first?

The simplest and fastest way to avail a MoneyTree loan is by visiting their official website and clicking the “Apply Now” button you can find on the home page.

What should I do next after submitting my application form?

You should wait and expect notice through your email which will request you to submit supporting documents for the loan you have applied for. In addition, look forward to getting assisted by MoneyTree’s staff to verify certain information associated with your application in order to get an immediate response regarding your loan approval.

How to Repay Loan?

With a goal to provide quality yet convenient loan services, MoneyTree ensures that any type of loan availed from them can be paid back online. Below are the payment platforms or methods that you can use to repay your Moneytree loan:

 

  • Via PayMaya
  • Over-the-counter transfer through 7-eleven Kiosk
  • Direct deposit to a bank
Is MoneyTree a legitimate lending company?

Yes. MoneyTree is included in the list of recognized financial companies which have been successfully registered with the Securities and Exchange Commission (SEC).

Will my personal details remain confidential?

MoneyTree ensures that your personal information is safe and used for the sole purpose of credit transactions. All data gathered upon your loan application will be stored in a secured platform and will implement a total non-disclosure policy to third parties unless necessary in accordance with what is provided under the law.

What kinds of Government-issued IDs are acceptable to avail of a loan?

Any of the following valid primary ID is acceptable when applying for a MoneyTree loan:

 

  • Social Security System (SSS) ID
  • Tax Identification Number (TIN) ID
  • Government Service Insurance System (GSIS) ID
  • Professional Regulation Commission (PRC) ID
  • Driver’s License
  • Company ID
  • Passport
  • Postal ID
After receiving my application form, how long does the approval period take?

The approval process for a loan in MoneyTree usually takes 24 hours. Your application will be examined during business hours from Monday to Friday and once approved, you may expect that your fund will be transferred within 24 to 48 hours. In order to receive a final response on whether or not your application has been approved, you have to first submit your supporting documents.

How and when can I repay my loan?

Because your loan is matched with your regular income, you can pay back your loan either weekly, bi-monthly, or monthly depending on your financial capacity. It can be processed by direct deposit to MoneyTree’s bank but payments made through PayMaya or 7-eleven Kiosk nationwide are also acceptable.

Will there be any fee that I need to pay if I repay my loan earlier than intended?

There will be no fee or charge made upon early repayments or for making additional payments for your loan.

Conclusion

 

When a crisis in health, education, or any other significant matter in your life occurs, a personal financial crisis also arises. As a result, people tend to resort to applying for a loan and seek the most convenient way in applying for one. However, getting a financial service best fit to tend to your needs appears to be complicated sometimes. This then becomes a concern for borrowers as they have to go through different processes and wait for a long approval period on top of the additional fees charged upon their application. Fortunately, MoneyTree eases these burdens against borrowers and instead, serves its true purpose as the fastest and simplest online lending company.

Piggyy

״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

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