In times of uncertainties and emergencies, it is always ideal to have financial sources to meet immediate needs. Unfortunately for some, instant cash is not always available, with every peso in their finances already earmarked for specific expenses and daily needs.
With the advent of technology comes easier ways for the public to access loan services. Online loans are very similar to the traditional method of borrowing money from lenders, but with an added layer of speed and convenience.
In the Philippines, among the companies that fall into this category is the Online Loans Pilipinas (OLP) loan application. Paulo Roco, president of Online Loans Pilipinas, explained that what they count on is to provide financial assistance to Filipinos when they need it.
âWhile many businesses have struggled during this pandemic, Online Loans Pilipinas, however, we are very sincere in helping customers, especially during difficult times. Besides the government regulated policy, we also offered them our own company’s adjusted payment options, loan extensions and extensions to help clients, âsaid Roco.
âWe believe that every person in the Philippines should have the opportunity to get financial assistance. And since today we are in 2021, it will be 100% online, paperless, and as fast as 5 minutes or less, âhe added.
Roco explained that OLP offers immediate financial aid in just five minutes and valid ID is required. âYou can receive the money in seconds through Instapay directly to your bank account or GCash account,â the executive noted.
First-time borrowers can benefit from an interest rate of 0%. For example, they have been approved for a loan of 3000 pesos, they will return exactly 3000 pesos within seven days.
Payments can be easily made through accessible online channels including mobile banking, ATMs, Bayad centers and e-wallets.
OLP also offers zero interest rates for new customers, while regular customers have to pay with low interest rates. Roco also explained that some of OLP’s efforts to provide a convenient loan process for their clients included making it easier to apply for loans, reducing the need to re-fill out forms, and go through loan approvals. tedious loan.
âWhen it comes to convenience, quick and easy to apply, the interest is reasonable because we’ve designed our service as a 24/7 fast payday loan,â Roco added. âWhether you don’t have a credit history or a bad credit history, you can still apply for your first loan. OLP is a quick and convenient way to build your good credit history for your future, âhe continued.
In the event that customers fail to pay their due payments on time, Roco noted that OLP has an extension period where customers are asked to pay only 30 percent of the principal amount borrowed without interest.
âOnce settled, they will have an additional 30 days to extend their due date with the same interest rate,â he said. Roco said OLP also has a three-day grace period with no late payment fees.
The OLP app is available for free download from the Google Play Store and soon to the Apple App Store. The Online Loan Pilipinas office is located at Tycoon Center, Unit 1402-06, 14th Floor, Pearl Drive, San Antonio, Pasig, Metro Manila. Learn more about its loan terms and services on its official website.
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