Online Loans Pilipinas – The Best Loan App for Your Needs
What is OLP – Online Loans Pilipinas?
OLP or Online Loans Pilipinas is one of the best instant money loan providers in the Philippines. They are ready to give you a quick OLP loan in less than 4 hours without asking you for a lot of complicated documents. You can start your loan application from your home. What you need to have is just an internet connection.
You can start everything from the OLP loan app. There is no collateral or payslips or proof of billing required to apply for the loan from OLP. Before you start your application, you can take a look at this article. We are going to share with you some important information about this loan.
Is OLP legit?
Many people are asking if the OLP online loan is legit or not. This company is operating under the Online Loans Pilipinas Financing Inc name. They are registered under the Securities and Exchange Commission in the Philippines. Therefore, you should never have to worry about their registration status.
Their SEC registration number is CS201726430. They also have a certificate of authority which has a number of #1181. You can read a good OLP loan review on the Internet today. Most customers are happy with their experience when taking any loan from OLP. It is the best time for you to take a loan from this OLP when you are planning to take an instant cash loan from a legit company today.
Advantages when apply loan at Online Loans Pilipinas
Quick Profile Assessment
This is the first benefit that you will get when applying for a loan from OLP. Once you have already completed the loan application, you will never have to wait for a long time. Their system will notify you of the approval decision. Once your loan application is approved, the money will be transferred to your account immediately.
Hassle-Free Process
Registering and reviewing a loan has never been easier. With Online Loans Pilipinas, all you need is your ID card. No need for in-person meetings or lengthy paperwork. This is the beauty of modern online lending platforms and fast loan applications. You can save a lot of your time when applying for a loan from an OLP company.
Crystal-Clear Loan Terms
They believe in transparency. That’s why they provide you with comprehensive and straightforward information about your loan, including interest rates and any additional costs. Having all the facts allows you to make an informed decision without worrying about hidden fees. If you need more information about your loan, you can always call OLP or visit their website to ask about anything related to the loan application.
Tailored to your needs
If you are looking for a flexible loan that will be suitable for your needs, you can always take a look at the OLP loan. Whenever you get any difficulties with your loan or you are planning to adjust the payment terms, their system is specially designed to accommodate you. You can extend the loan duration or make any other necessary changes by visiting their official website or using their app.
Online Loans Pilipinas loans requirements
Before you take a loan from OLP, you have to know some loan requirements from the Online Loans Pilipinas. Here are some requirements that you need to consider:
- You must be a Philippine citizen who is between 22 to 70 years old
- Submit a valid ID card.
- Have an active bank account
- You must have a monthly income which is higher than 10,000 PHP.
If you can fulfill all of those requirements, you are very welcome to apply for a loan from OLP. You can start by downloading the official app from OLP now.
OLP loan review
Some people are happy, while some other people feel a little bit disappointed with OLP. However, this company has a pretty good loan review. They get about 4.1 out of 5 stars rating score. This is a good scoring which will show the overall quality that they can offer to the customers. Most customers are happy with their fast transactions and easy requirements. They don’t have to spend a lot of their time figuring out how to apply for a loan from OLP.
Loan limit, fee and interest rate calculation
Today, the OLP can offer one of the best loan solutions for the customers. All customers are able to borrow money from OLP with a limit of PHP 1,000 to PHP 7,000. Then, the OLP repeat loan can be increased up to PHP 30,000. The average loan term will be ranging from 90 days to 12 months. It depends on your choice and your condition. The interest rate from OLP is ranging from 12 to 20% per year.
There are some fees that are related to the loan you take from OLP, for example, consulting fees and service fees. For first-time customers, they have interesting offers which are zero interest and also no processing fee.
For example, if you want to take a loan of PHP 5,000, then are planning to repay the loan in a year with a 20% interest rate, your monthly payment will be (PHP 5,000 + (PHP 5,000 x 20%) ) / 12 months = PHP 500 per month.
How to apply for Online Loans Pilipinas?
You can simply visit their official website to start their loan application. Here are some step-by-step instructions on how you can apply for the Online Loans Pilipinas.
– Navigate the online calculator to find the desired loan amount and also the loan term in the homepage of the website
– Then, you are required to fill out all of the necessary details accurately and correctly
– You can simply wait for the approval process. They will send you the confirmation SMS or they may also need a verification call before they can approve your loan application.
– You only need to wait for a few hours before you can get your loan application approved. Once the application is approved, the fund will be transferred to your bank account immediately.