"Katuwang Loan: Your reliable financial support in the Philippines
Katuwang Loan-loan app quickly
What is it about?
"Katuwang Loan: Your reliable financial support in the Philippines
App Store Description
"Katuwang Loan: Your reliable financial support in the Philippines
At Katuwang Loan, we focus on providing a secure, transparent, and locally-optimized lending experience. Trust us with your short-term financial needs. Download Katuwang Loan today and simplify your borrowing!
Benefits of choosing our loans:
- Fast Funds: Access the money you need quickly.
- Flexible Repayment Options: Adapt your repayment plan to your financial situation.
- Affordable Rates: Take advantage of our competitive interest rates.
- User-Friendly Process: Our app ensures a smooth and hassle-free application.
Overview of Loan Conditions
- Borrowing Limits: From PHP 1,000 up to PHP 40,000
- Repayment Period: Between 91 and 180 days
- Annual Percentage Rate (APR): 20.58%
- Processing Charges: None
- Service Charges: Ranging from PHP 10 to PHP 400 (equivalent to a 1% service charge)
Illustrative Loan Example
Consider a sample loan of PHP 20,000 repaid over 120 days in 3 equal installments, with an APR of 20.58%:
- Interest per installment: PHP 20,000 × 20.58% ÷ 365 × 40 = PHP 451
- Amount due per installment: PHP 451 (interest) + PHP 6,667 (principal) = PHP 7,118
- Aggregate interest over the term: PHP 20,000 × 20.58% ÷ 365 × 120 = PHP 1,353
- Applicable service fee: PHP 20,000 × 1% = PHP 200
- Full repayment amount: PHP 20,000 (principal) + PHP 1,353 (interest) + PHP 200 (fee) = PHP 21,553
How to get a loan:
1. Download our intuitive app.
2. Complete the straightforward application form.
3. Securely provide the required documents.
4. Receive a quick decision.
5. Upon approval, funds will be transferred directly to your account.
Connect with Us:
We value your feedback and are here to help with any questions or concerns. Contact us via email at: contactus@katuwangph.com."
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