Are you looking for a financial app that allows you to borrow money quickly and easily? Let’s explore Easy Borrow – a convenient financial app designed to meet the borrowing needs of customers through mobile phones in the Philippines.
Easy Borrow is an online financial app that provides fast and easy online loan services. Users can borrow money easily and conveniently without the need for complex procedures, collateral, or long waiting times. Additionally, the Easy Borrow App utilizes advanced technologies, automated approval for customers, and makes loan decisions within a few minutes.
Pros and Cons of Easy Borrow App
An online loan app, like Easy Borrow, has its advantages and disadvantages. Here are the pros and cons of Easy Borrow that we have compiled:
Pros
- Simple online loan conditions that any customer can meet. The loan application process is quick, taking only 30 to 60 minutes to receive money after approval.
- User-friendly app, suitable for various user demographics, compatible with multiple platforms such as Android and IOS.
- Information security is a priority; all customer personal information is securely protected by Easy Borrow.
- Numerous customer-friendly policies, such as interest rates, credit limits, repayment periods, etc.
Cons
- Interest rates are higher compared to traditional banks.
- Credit limits may not meet the needs of many customers.
- The app frequently updates and upgrades, making it inaccessible for customers at times.
EasyBorrow offers a quick and user-friendly solution for online borrowing, but potential borrowers should be aware of higher interest rates and occasional accessibility issues due to frequent app updates.
Loan Conditions at EasyBorrow
Customers wishing to borrow money from Easy Borrow must meet the following conditions:
- Customers must be citizens of the Philippines and be between the ages of 18 and 55 to use Easy Borrow’s services.
- Provide accurate personal information such as full name, mobile phone number, address, and ID number.
- Have a stable financial income to ensure the ability to repay the loan.
- Possess a bank account or electronic wallet for receiving and repaying the loan.
- No outstanding debts or negative credit history with any other current applications.
These are the conditions set by Easy Borrow, and if customers provide complete and accurate information, the process of borrowing money online through the app will be easier than ever.
Details of Loan Products on the App
- Loan terms range from 91 to 365 days.
- Minimum repayment period: 91 days.
- Maximum repayment period: 365 days.
- Minimum loan amount: 2,000 pesos.
- Maximum loan amount: 50,000 pesos.
- Maximum interest rate (annual interest rate): 18% per year.
- No processing fee, 100% free.
- No intermediary platform fees or any other charges.
Example Calculation for a Loan
Suppose you borrow 10,000 pesos with a 120-day term and an 18% annual interest rate:
- Daily interest rate: 18%/365=0.05%.
- Monthly repayment amount: 10,000 * 0.05% * 30 + 10,000 / 120 * 30 = 2,650 pesos.
- Total loan interest cost: 10,000 * 0.05% * 120 = 600 pesos.
- Total repayment amount after the loan matures is 10,000 + 600 = 10,600 pesos.
In addition to the above information, Easy Borrow also offers free services for customers, including profile creation, consultation, and other related services.
Guide to Applying for an Online Loan on Easy Borrow App
Applying for an online loan on Easy Borrow is straightforward and easy. Below is a detailed guide for customers to follow:
Step 1: Download and install the Easy Borrow APK/IOS app on your mobile phone. Download the app from a reputable cashloanapp
Step 2: Open the app and register for an account by entering your personal information, including full name, mobile phone number, email address, and password. Customers also need to provide personal ID information to verify their identity.
Step 3: After successfully registering the account, log in to the app and verify your account information by entering the OTP verification code sent to your phone.
Step 4: Once your account information is verified, request a loan by selecting the loan amount and repayment period that suits your needs.
Step 5: After requesting the loan amount, Easy Borrow will automatically process the loan and notify you of the result within a few minutes. If accepted, the borrowed amount will be transferred directly to your bank account or electronic wallet.
Note: During the loan application process, if you provide incorrect information, Easy Borrow will immediately cancel your registration, as the app uses automated approval.
Considerations when Borrowing from EasyBorrow
To ensure safety and effectiveness when borrowing from Easy Borrow, here are some important considerations:
- Before using Easy Borrow’s services, carefully read the terms and conditions of the app to understand the regulations and commitments.
- To ensure the safety of information and avoid fraud risks, verify your personal information before using Easy Borrow’s services.
- Repay your loan on time to avoid additional service fees or debts.
- Avoid borrowing beyond your financial capacity to make repayment more manageable.
- For the security of your information, use the app on your personal phone and avoid using it on public or unreliable devices.
- Contact Easy Borrow’s customer support team if you encounter any issues.
Contact Information for Easy Borrow
If customers wish to contact Easy Borrow for assistance or to address any inquiries related to the app, they can use the following contact information:
- Business Hours: Monday to Saturday, from 9:00 AM to 6:00 PM.
- Company Name: WING OF INTEGRITY LENDING CORP
- Registration Number: CS201916097
- Email: [email protected]
- Office Address: U.A. 8TH FLOOR, THE W FIFTH TOWER AVE.BLDG. 5TH AVE. ST. TAGUIG CITY, PHILIPPINES.
If you have any questions or need support, you can contact the provided information for assistance. Please note that this information may change over time, so it’s advisable to check before reaching out.
Conclusion
Easy Borrow is an online loan app provided by WING OF INTEGRITY LENDING CORP. The app features a simple registration process, quick approval, and low-interest rates. The variety of loan products with adjustable terms and amounts make it suitable for individual needs. Clear contact information and transparent repayment cycles make Easy Borrow App an attractive choice for those seeking a convenient and reliable loan solution.
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