Microbase Loan is an innovative online lending platform designed for the digital age, catering specifically to the financial needs of individuals and small business owners in the Philippines
Microbase Loan-online lending
What is it about?
Microbase Loan is an innovative online lending platform designed for the digital age, catering specifically to the financial needs of individuals and small business owners in the Philippines. Leveraging the power of mobile technology, Microbase Loan offers a seamless and efficient solution for those seeking quick and reliable access to credit.
App Store Description
Microbase Loan is an innovative online lending platform designed for the digital age, catering specifically to the financial needs of individuals and small business owners in the Philippines. Leveraging the power of mobile technology, Microbase Loan offers a seamless and efficient solution for those seeking quick and reliable access to credit.
Filipino citizens
18~60 years old
ID ONE government-issued ID
stable income
Microbase Loan distinguishes itself by providing flexible loan options, allowing borrowers to select terms and amounts that best suit their financial situations.
Loan amount: ₱1000-₱20000;
Period: 91-180 days;
Service fee: ₱10-₱400;
Daily loan interest rate: 0.09%;
Annual percentage rate(APR): 34.40%.
For example: When a user (borrower) applies for a loan service with a term of 91 days and a total amount of ₱15,000, after deducting a service fee of ₱150 (the service fee includes credit scoring system fees, account fees, third-party fees, etc.) , the actual amount received was ₱14850. The user (borrower) needs to repay ₱5,000 and ₱405 interest every 30 days (monthly). The repayment is divided into 3 installments, and the final total repayment amount is ₱16,215.
Email:microbaseloan@outlook.com
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