Finbro is an online lending platform in the Philippines that provides quick loans to help individuals cover unexpected expenses. With a simple application process, fast approval timeline, and convenient payment options, Finbro Online Loan offers a reliable solution for those in need of financial assistance.
What’s so great about Finbro Online Loan?
- Fast Approval: With Finbro Online Loan, you can get your application approved within a few minutes. This ensures that you can access the funds you need promptly, without any unnecessary delays.
- Easy Application: Applying for a loan with Finbro is hassle-free. You only need one valid ID and a selfie to complete the application process. There is no requirement for payslips or collateral, making it more accessible for a wider range of individuals.
Product Features
- Flexible Financing Amount: Finbro Online Loan offers a minimum financing amount of ₱1,000 and a maximum financing amount of ₱50,000. This range allows borrowers to select the loan amount that best suits their needs.
- Convenient Loan Tenure: The loan tenure for Finbro Online Loan ranges from 12 months, providing borrowers with flexibility in repayment. Whether you need a short-term loan or a longer duration for repayment, Finbro has you covered.
- Competitive Interest Rate: For loans of ₱10,000 and up, Finbro offers a 0% interest rate, subject to terms and conditions. This attractive offer helps borrowers save money and manage their finances more effectively.
- Quick Approval Duration: Finbro Online Loan ensures a swift approval process, taking as little as 10 minutes up to 1 working day. This quick turnaround time enables borrowers to address their financial needs promptly.
- Debt Consolidation: While Finbro Online Loan does not offer debt consolidation services, it focuses on providing immediate financial assistance for unexpected expenses.
Fees & Charges
- Zero Processing Fee: For first-time borrowers, Finbro Online Loan waives the processing fee entirely. This allows new customers to enjoy the benefits of their services without any additional costs.
- Disbursement & Misc. Fee: There is no disbursement and miscellaneous fee associated with Finbro Online Loan, ensuring transparency in the borrowing process.
Eligibility
- Minimum Salary Requirement: To be eligible for Finbro Online Loan, applicants must have a minimum salary of ₱15,000. This requirement ensures that borrowers have a stable income source to support loan repayment.
- No Linked Bank Account Required: Finbro Online Loan does not require borrowers to open a linked bank account, providing flexibility in choosing the preferred mode of fund disbursement.
Product Review
Finbro Online Loan is a reliable online lending platform that offers quick and accessible loans to individuals in the Philippines. With a user-friendly application process, fast approval duration, and multiple payment options, borrowers can confidently obtain the funds they need.
Finbro Online Loan FAQ
What is Finbro?
Finbro is an online lending platform that simplifies the loan application process, enabling Filipinos to obtain quick cash. It ensures a convenient experience, allowing borrowers to apply for a loan within minutes and receive funds directly into their e-wallets or bank accounts in real-time.
How can I apply for a loan from Finbro?
Applying for a loan with Finbro is easy. Simply complete the online application form, and a Customer Care Agent will assist you throughout the process.
How much can I borrow?
With Finbro Online Loan, you can borrow from ₱1,000 up to ₱50,000, depending on your approval status.
What are the interest rates, fees, and charges?
Finbro’s interest rates vary based on the borrower’s qualification. For first-time borrowers, loans of ₱10,000 and up enjoy a 0% interest rate and zero processing fee.
What are the requirements for Finbro’s Online Loan?
To be eligible for a loan, applicants must meet Finbro’s criteria, which include no monthly income requirement, submission of one valid ID (SSS, UMID, Driver’s License, Philippine Passport, TIN), and a clear selfie. Applicants must be Filipino citizens between 20 and 65 years old, with regular income.
How fast is the application and approval process?
Finbro ensures a fast approval process, typically taking as little as 10 minutes up to 1 working day.
How does the Finbro Online Loan Calculator work?
The Finbro Online Loan calculator provides an estimated cost of borrowing and the amount of payment per installment. By inputting the desired loan amount on their application page, borrowers can automatically generate the estimated monthly amortization for different loan tenures.
How can I check my Finbro Online Loan application status?
Borrowers can log in to their account on Finbro’s website or app to check the status of their loan application.
What are the payment methods for loan repayment?
Borrowers can make loan repayments through bank account transfers or using the following repayment channels: EC Pay (7-eleven), Cebuana Lhuillier, M. Lhuillier, SM Payment Center, Direct Agent 5 authorized Payment Centers, EC Pay authorized Payment Centers, Express Pay authorized Payment Centers, and TrueMoney authorized Payment Centers.
What are the benefits and advantages of Finbro Online Loan?
The key advantages of Finbro Online Loan include a quick and easy application and approval process, no minimum income requirement, and zero interest and processing fees for first-time borrowers with loans of ₱10,000 and up.
Is Finbro a legit lending company?
Finbro.ph is owned and operated by Sofi Lending Inc., a Philippine subsidiary of Social Finance, Inc., a US-based online personal finance company. It is licensed by the Securities and Exchange Commission (SEC) and operates under the supervision of the Bangko Sentral ng Pilipinas (BSP). With its reliable licensing and affiliation, Finbro is a trustworthy and legitimate lending company.
Is Finbro Online Loan the right one for me?
If you are in need of immediate financial assistance and require a fast turnaround time, Finbro Online Loan is a suitable option. With minimal requirements and flexible repayment terms, it offers a viable solution for individuals seeking additional funds. However, it is advisable to explore other personal loan options available in the market to ensure you choose the option that best fits your requirements.
Other Personal Loan Options
- CIMB Personal Loan: CIMB, one of the first fully digital banks in the country, offers a personal loan with competitive interest rates starting from 13.47% per annum. With loan amounts ranging from ₱30,000 to ₱1,000,000 and flexible repayment tenures of 1 to 5 years, CIMB provides a comprehensive solution for immediate cash needs. The minimum monthly gross income requirement is ₱15,000, and there are no processing, disbursement, or early settlement fees.
- RFC Personal Loan: Radiowealth Finance Corporation (RFC) is a Filipino-owned company that provides financial assistance through their personal loan offering. Borrowers can obtain loans from ₱5,000 to ₱50,000 with a competitive interest rate of 3.5% per month. The loan is payable over a period of up to 12 months, and no collateral is required. Applicants need a minimum gross salary of ₱7,000 per month to be eligible.
- Citi Personal Loan: Citi, a renowned financial institution, offers a personal loan with a wide range of services tailored to different sectors and industries. Borrowers can avail themselves of loan amounts ranging from ₱20,000 to ₱2,000,000 at a competitive interest rate of 15.16% per annum. With repayment terms of 1 to 5 years and fast approval within 24 hours, Citi provides a convenient option. Applicants should have a minimum monthly income of ₱21,000 and be existing cardholders.
If these options do not meet your requirements, you can refer to our complete list of online loan providers to compare and select the one that suits you best.
In conclusion, Finbro Online Loan is a reliable and convenient lending platform that offers quick loans to cover unexpected expenses. With its simple application process, fast approval timeline, and multiple payment options, borrowers can obtain loans ranging from ₱1,000 to ₱50,000. While Finbro Online Loan provides several advantages, it is recommended to consider other personal loan options in the market to make an informed decision based on your specific needs.
