More and more Filipinos are seeking instant cash loan to satisfy their financial needs, not only for emergencies but also for daily expenses. What are the benefits of instant cash loan? Does the loan secure your personal finances?
The top benefit of instant cash loan and also an outstanding advantage over traditional bank loans is the simple, easy, time and effort saving application process. Most online instant cash loans allow the borrowers to apply on their website or app. Registration details usually include personal information, bank account information, valid ID photo, personal photo with ID for verification, etc. Unlike the traditional banks, the instant cash lenders do not require complicated procedures such as proof of finance or collateral. It only takes you about 5 minutes to fill in the information and submit an application on the system.
Simple and convenient registration process
The next advantage of instant cash loan is the quick disbursement time on the same day. This is the biggest benefit of the loan if you are in an emergency such as an accident, illness, unemployment, etc. After completing the registration, the system will immediately process your application and return results in just 30 minutes. If your application is successful, you only need to wait a few hours to receive the loan. Your loan amount will be disbursed within the same day.
Disbursement on the same day
The next benefit of instant cash loan is the flexible loan payment terms and facilitating the borrowers to pay off the loan without too much financial pressure. Instant cash loan payment time normally ranges from 3 to 6 months. If you have a good source of income and enough money to repay during the period, you may choose a term of 3 months to quickly pay off the loan and save interest costs. On the contrary, you can choose a period of 06 months to split the loan amount to be paid and reduce financial pressure.
Options for loan terms and repayment method
In addition, you can also choose to repay your loan by different forms. Most of the instant cash lenders offer borrowers a variety of payment options such as: payment by e-wallet, pay at convenience stores or by card/bank account.
Unlike the traditional banks that only work during office hours, the instant cash lenders operate 24/7 every day of the week. Moreover, most of these financial institutions have their own websites and apps so you can apply for a loan anywhere and anytime. As long as you have a smart phone or computer connected to the internet, you may immediately access the website or app to carry out application for instant cash loan in the Philippines.
Easy 24/7 application anytime, anywhere
Interest rates and costs are two important factors that every borrower will take into account. Instant cash loan often comes with interest rates between 10% and 15% and are rarely subject to fluctuations like bank interest rates. They will be transparent and clear about the costs incurred from the loan. However, you need to choose the legitimate and trustworthy lending institutions. There are many fraudulent organizations hiding in the shadow of instant cash loan to defraud for the borrowers’ information, data and money.
Interest rates and costs are transparent and less volatile
If you are seeking a financial institution that provides an instant cash loan with all the benefits and advantages mentioned above, we are proud to introduce ourselves - MoneyCat. As one of the long lasting and reputable financial institutions in the Philippines, Russia and Vietnam, MoneyCat will bring you an instant cash loan experience with all the benefits mentioned above. At MoneyCat, it only takes you 30 minutes to get approved and another 30 minutes to receive your disbursement. We offer competitive interest rate of 11.9%, payment term up to 06 months, diverse payment options, we always advise and support all financial difficulties 24/7.
Applying for instant cash loan is not as difficult as you might think. If you have any questions about the application process or loan payment plan, you may contact MoneyCat for advice and answers.
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