Digido Philippines: High-Approval Online Lending Solution with 95% Loan Success Rate

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Digido Finance Corp. has become a prominent name in the Philippines’ online lending landscape since its establishment in 2021. Registered under the Securities and Exchange Commission (SEC) with Registration No.: 202003056 and Certificate of Authority No. 1272, Digido Finance Corp. has made remarkable strides, evolving from its former identity as Robocash.ph. This transformation into Digido was driven by a commitment to serve a broader clientele while enhancing its service offerings through more accessible and flexible loan features.

Digido Philippines stands out as a credible financial institution that caters to a diverse range of borrowers, offering everything from enticing 0% interest promotional loans to substantial non-collateral loans, with a maximum limit of PHP 25,000.

APPLY DIGIDO LOAN PHILIPPINES

Pros and Cons of Borrowing Money in Digido Philippines

Before delving into the nitty-gritty of Digido Philippines’ loan offerings, it’s essential to weigh the pros and cons associated with borrowing from this institution.

Pros

  1. High Loan Approval Rate: One of the most compelling reasons to choose Digido Philippines is its impressive 95% loan approval rate, which can significantly benefit borrowers.
  2. Transparent Fee Structure: Digido Philippines takes pride in its commitment to transparency. Borrowers can expect no hidden charges or fees throughout the loan application process.
  3. Secure Data Management: The platform employs robust security measures to protect user data, ensuring that registered information remains confidential.
  4. Effortless Online Verification: Digido Philippines streamlines the application process, allowing users to complete system approvals and phone verifications online.
  5. Speedy Loan Processing: Time is of the essence, and Digido Philippines understands that. The institution processes loans swiftly and disburses funds shortly after approval.

Cons

  1. Penalties for Late Payments: Digido Philippines imposes penalties on borrowers who fail to make timely payments. While this is standard practice, borrowers should be aware of these potential costs.
  2. Higher Interest Rates for Repeat Loans: Borrowers opting for repeat loans may encounter slightly higher interest rates, particularly if the loanable amount exceeds their previous borrowing history.
  3. Loan Term Strictness: To ensure a smooth borrowing experience, borrowers must adhere to the specified loan term. Deviating from this schedule could result in payment complications.

Interest Rates and Terms of Payments

For those considering applying for a loan with Digido Philippines, it’s crucial to understand the interest rates and terms associated with both new and repeat clients.

New Client

  • Interest Rate: 1.5% per day
  • Terms: 7-14 days
  • Loan Amount: PHP 1,000-10,000
  • Processing Fee: PHP 200-300 (depending on the loan amount)
  • Pre-advance Payment: Minimum term of 7 days
  • Overdue Interest: 3% per day
  • Penalty: PHP 800

Repeat Loan

  • Interest Rate: 1.5% per day
  • Terms: Up to 30 days
  • Loan Amount: Up to a maximum of PHP 25,000
  • Processing Fee: PHP 150-250 (depending on the loan amount)
  • Pre-advance Payment: Minimum term of 7 days
  • Overdue Interest: 3% per day
  • Penalty: PHP 600

Digido Philippines Loan Requirements

To be eligible for a loan with Digido Philippines, applicants must meet specific requirements:

  1. Valid ID: Applicants must possess a valid identification document, such as a Driverโ€™s License, SSS (Social Security System) ID, UMID (Unified Multi-Purpose ID), TIN (Taxpayer Identification Number) ID, or a Philippine Passport.
  2. Age Requirement: Applicants should fall within the age range of 21 to 70 years and must currently reside in the Philippines.
  3. Employment Status: Digido Philippines caters to various employment statuses, including employed individuals, self-employed individuals, remittance beneficiaries, and pensioners.
  4. Bank Account: To facilitate loan disbursement, applicants must have a personal savings bank account or a verified GCash account. Alternatively, borrowers can opt for cash pickup at Cebuana Lhuillier or other partner locations.

Digido Loan Application Steps

The process of applying for a loan with Digido Philippines is straightforward and user-friendly. Below are the step-by-step instructions:

  1. Step 1: Begin by visiting the official Digido Philippines website.
  2. Step 2: Register on the platform using your phone number.
  3. Step 3: Complete the Digido Philippines online loan application form, providing accurate and up-to-date information.
  4. Step 4: Choose your preferred loan term and specify the desired loan amount.
  5. Step 5: After submitting your application, patiently await a decision from Digido’s experts regarding your loan request.
  6. Step 6: Once your loan is approved, expect to receive the funds directly in your bank account.

Modes of Payment

When it comes to making repayments, Digido Philippines offers various modes of payment. It’s worth noting that prompt payments can lead to lower interest rates and penalties. Here are the five modes of payment and their corresponding instructions:

GCash

  1. Step 1: Log in to your GCash account.
  2. Step 2: Select “Pay Bills.”
  3. Step 3: Choose the “Loans” category.
  4. Step 4: Look for “Dragon Loans” and provide the necessary payment details.
  5. Step 5: Confirm your payment.

7/11

  1. Step 1: Before making a payment at a 7-Eleven store, ensure you have your Digido Philippines lifetime ID as a reference number.
  2. Step 2: Visit your nearest 7-Eleven branch and use the CLiQQ Kiosk Machine to generate a barcode slip.
  3. Step 3: On the CLiQQ machine screen, tap “Bills Payment,” then select “Dragon Loans.”
  4. Step 4: Enter your active mobile number and Digido Philippines lifetime ID, along with the exact payment amount.

Cebuana Lhuillier/MLhuillier

  1. Step 1: Visit your nearest Cebuana Lhuillier or MLhuillier branch and request a payment form.
  2. Step 2: Write “Dragonpay” as the Receiver and include your Full Name, reference number, and the payment amount.

Bayad Center

  1. Step 1: Head to the nearest Bayad Center branch and obtain a payment form.
  2. Step 2: Indicate “Dragonpay” as your Biller and provide essential information, including your Full Name, reference number, and the payment amount.

Bank Transfer (Union Bank)

  1. Step 1: To make a bank transfer, use Union Bank and transfer your payment to the following account:
    • Account Name: Digido Finance Corp.
    • Account Number: 000150028337
  2. Step 2: Ensure that you provide all the necessary information for a smooth transaction.

Digido Philippines Customer Service

For inquiries, assistance, or addressing any concerns, Digido Philippines offers accessible customer service options:

  • Telephone Number: You can reach Digido Philippines at (02) 8876-84-84. The helpline operates from 8 AM to 5 PM daily.
  • Official Website: For comprehensive information and online services, visit Digido Philippines’ official website at https://digido.ph/.
  • Office Address: If you prefer an in-person visit, the Digido Philippines office is located at DIGIDO FINANCE CORP., UNIT 2/C, Murphy Center, 187 Bonny Serrano Road, Socorro, Quezon City Second District, NCR, Philippines 1109.

Conclusion

In today’s digital age, having access to safe and convenient financial resources is more critical than ever, especially during challenging times such as the ongoing pandemic.

Digido Philippines emerges as a commendable solution, offering an efficient and secure online platform for acquiring loans without the need to leave your home. Notably, Digido Philippines eliminates the necessity for guarantors, extensive documentation, or hefty guarantee deposits. In just four minutes, borrowers can secure the funds they need.

For individuals seeking a reliable platform for online financial transactions, Digido Philippines is undoubtedly a go-to option. Its high approval rate, transparent processes, and a range of loan options make it a trusted partner on your financial journey. In an era where speed, accessibility, and reliability are paramount, Digido Philippines is poised to meet the evolving needs of borrowers in the Philippines.

5/5 - (5 votes)
CashLoanPH Changed status to publish 27/09/2023