Loan Quick, operated by Philippine Microdot Financing Corp, is committed to providing financial assistance to the average Filipino through an automated online approval process.
With Loan Quick, every Filipino can access the financial help they need conveniently and quickly. Their mission is to address the financial needs of individuals by offering a seamless loan application process, competitive interest rates, and excellent customer service.
| Loan App | Loan Quick (Microdot Lending Corporation) |
| Loan Amount | up to ₱ 50,000 |
| Loan Term | up to 180 days |
| SEC Registration No. | CS201907350 |
Loan Quick’s Features
- Eligibility Criteria: Loan Quick has a straightforward eligibility criteria that ensures accessibility for a wide range of individuals. To be eligible for a loan, applicants must be over 22 years old and can borrow amounts ranging from ₱ 2,000 to ₱ 50,000. Additionally, Loan Quick offers a maximum annual percentage rate (APR) of 20%, making it an affordable lending option for borrowers.
- Flexible Loan Terms: Loan Quick understands that each borrower’s financial situation is unique. Therefore, they offer flexible loan terms to suit different needs. The shortest tenor available is 120 days, while the longest tenor extends up to 180 days. This flexibility allows borrowers to choose a loan duration that aligns with their repayment capacity.
- Transparent and Zero Transaction Fee: Loan Quick values transparency in all financial transactions. They ensure that borrowers are fully aware of the costs associated with their loans. One notable feature is the zero transaction fee, which means borrowers only repay the principal amount and the interest accrued during the loan term. This transparent approach eliminates any hidden charges or surprises for valued customers.
Loan Example of Loan Quick
To illustrate the loan calculation process, let’s consider a loan limit of ₱ 2,000.00 with a period of 120 days. Here’s how the repayment amount is calculated:
- Interest Calculation: ₱ 2,000.00 × 0.045% × 120 = ₱ 108.00
- Total Amount to Repay: ₱ 2,108 (₱ 2,000.00 + ₱ 108.00)
- Monthly Interest: ₱ 2,000.00 × 0.045% × 30 = ₱ 27
- Monthly Repayment Bill (including principal and interest): ₱ 2,000.00 ÷ 4 + ₱ 27 = ₱ 527
How to Use Loan Quick?
Using Loan Quick is a straightforward process that involves the following steps:
- Install the Loan Quick App from Google Play Store: Loan Quick is readily available for download on the Google Play Store. Simply search for “Loan Quick” and install the app on your smartphone.
- Register and Provide Identity Information: Create an account on Loan Quick by registering with your personal details, including your name, age, and contact information. This step helps us verify your eligibility and ensure the security of your loan application.
- Choose Loan Products, Loan Amount, and Loan Term: Once registered, you can explore the loan products available on Loan Quick. Select the desired loan amount that aligns with your financial requirements and choose a suitable loan term based on your repayment capabilities.
- Wait for Loan Approval: After submitting your loan application, Loan Quick’s automated approval process swiftly evaluates your eligibility and loan request. Their system analyzes your information and creditworthiness to provide an instant decision on your loan application.
- Receive Your Cash: Once your loan application is approved, the requested loan amount will be disbursed to your designated bank account or digital wallet. Loan Quick ensures that the funds are transferred securely and promptly.
- Early Settlement Option: Loan Quick offers the flexibility to settle your loan before the designated loan term. By opting for early settlement, you can increase your loan limit and improve your borrowing opportunities in the future.
Why Choose Loan Quick Cash Loan App?
Loan Quick stands out among other lending apps in the Philippines due to its unique features and customer-centric approach. Here’s why you should choose Loan Quick for your financial needs:
- Online Operation with No Collateral Required: Loan Quick revolutionizes the lending process by providing a fully online platform that eliminates the need for physical collateral. Borrowers can secure loans conveniently without pledging any assets, making it accessible to a wide range of individuals.
- Lower Interest Rate: Loan Quick strives to offer competitive interest rates to borrowers. Their commitment to fair and affordable lending ensures that borrowers can meet their financial obligations without undue burden. With Loan Quick, you can access the funds you need without compromising your financial stability.
- Solution to Financial Difficulties: Loan Quick understands the challenges faced by individuals during unexpected financial crises. They aim to be the reliable source of financial assistance that bridges the gap between emergencies and stability. By providing quick and hassle-free loans, Loan Quick enables individuals to overcome their financial difficulties promptly.
- Reliable and Safe: Loan Quick places a high emphasis on the privacy and security of borrower information. They utilize advanced encryption and security measures to protect customer data and ensure safe transactions. Borrowers can have peace of mind knowing that their personal and financial information is safeguarded throughout the lending process.
Loan Quick’s Credibility
Loan Quick operates in full compliance with Philippine laws and regulations. As Philippine Microdot Financing Corp., they have obtained the Certificate of Authority No. 1214 and are registered with the Securities and Exchange Commission under the registration number CS201907350. Their corporate office is located at the 5th Floor Rockwell Business Center Tower 1, Meralco Avenue, Ugong, CITY OF PASIG, NCR, SECOND DISTRICT, Philippines.
Contact Information
- Customer Service Hotline: 09077376714
- Email Address: [email protected]
Conclusion
Loan Quick is a reliable and safe online lending app in the Philippines that aims to provide financial assistance to the average Filipino. With its user-friendly interface, competitive interest rates, and commitment to customer satisfaction, Loan Quick stands as a trusted lending platform in the Philippines. Experience the convenience and reliability of Loan Quick for your financial needs.
