At Kuya Loan, the platform dedicated to unsecured online peso loans, individuals can find a reliable and convenient solution for their financial needs. With a commitment to providing quality financial services, Kuya Loan is proud to offer loan amounts ranging from ₱ 3,000.00 to ₱ 80,000.00, with flexible loan terms spanning from 180 days (including renewal time) to 365 days (including renewal time). The maximum interest rate is capped at 20% per annum, ensuring fairness and transparency in financial transactions. Notably, there are zero transaction fees, and the service fee, ranging from 0% to 38%, depends on the user’s credit status and borrowing history.
Illustration: For example, if an individual opts for a ₱10,000 loan for a period of 6 months, they would incur a 10% interest rate with a 0% service fee. The total interest would amount to ₱1,000, resulting in a total repayment of ₱11,000 over 6 months, with monthly payments of ₱1,833.33.
What Sets Kuya Loan Apart?
Kuya Loan stands out as a dedicated financial services platform designed to cater specifically to the needs of Filipinos. The focus on unsecured online peso loans ensures that individuals can rely on Kuya Loan to be the solution to their financial challenges.
Eligibility Criteria
To borrow from Kuya Loan, applicants must meet the following criteria:
- a) Be a Filipino citizen aged 18 years or older.
- b) Possess at least one government-issued ID.
- c) Have a valid mobile phone number.
- d) Be currently employed or possess a stable source of income.
Application Process
Applying for a loan through Kuya Loan is a seamless process:
- Download the Kuya Loan app.
- Complete the necessary information in just 5 minutes.
- Await review and a confirmation call.
- Receive the approved loan through various channels, including bank transfer and e-wallets.
Repayment Options
Repaying the loan is hassle-free:
- Visit M.Lhuillier/RD Pawnshop/7.11.
- Choose “Skypay” under Bills Payment or input the company name “Skypay.”
- Provide the contract number and other required details.
- The contract number always starts with SKY19- or SK19-; paying to any personal account is invalid.
- Make the payment and retain the confirmation number and receipt.
If using the GCASH app, select Pay Bills-Loans-SKYPAY and follow steps 3, 4, 5.
Privacy and Permissions
Protecting privacy is a priority for Kuya Loan. To qualify for a loan, applicants may be requested to provide the following information: complete name, email address, ID, company ID, home address, monthly income, contact number, and social accounts. This data is strictly used for loan review purposes and will not be shared or used for other purposes.
Advanced security measures include scanning government-issued IDs and other data to verify identity and creditworthiness.
App Permissions for Identity Verification
To facilitate a secure loan process, Kuya Loan requires specific app permissions:
- Location Access: For automatic address verification.
- Contacts Access: To easily nominate contact references.
- Camera Access: For scanning IDs using facial recognition technology for ID verification.
Privacy Agreement
Applicants are urged to review the privacy agreement carefully before proceeding.
Have Questions? Contact Their Customer Service:
WARD LENDING CORPORATION
- Contact: 09190666248, 09088151015
- Email: [email protected]
- Address: 9050 LOWER GROUND FLOOR ROMEHABD BLDG. CENTENNIAL RD BATONG DALIG KAWIT CAVITE
