In modern life, there are times when we need a small amount of money to handle urgent or unexpected expenses, or to meet our daily financial needs. In such situations, finding a fast and convenient money lending service is crucial. That’s why the MocaMoca app is introduced in the Philippines, offering you a reliable and convenient financial application to address your financial needs.
- Company name: Copperstone Lending Inc.
- SEC Registration No. 2021050012959-04
- Registered Business Name: MocaMoca
- CERTIFICATE OF AUTHORITY NO.3454
- Address: The Penthouse, Marajo Tower, 26th st. Cor. 4th Ave. Bonifacio Global City 312 Metro Manila Fort Bonifacio, Taguig City, Fourth District, National Capital Region (NCR), 1634
- Email: [email protected]
MocaMoca’s customer service operates from Monday to Sunday, from 8:00 AM to 8:00 PM. If you need advice or assistance, please contact us through the provided communication channels.
The key features of MocaMoca
The MocaMoca App provides users with several useful features, allowing you to enjoy financial benefits in a single application. Here are the key features:
Quick and convenient loan application
Using the loan application has become easy and fast with just a few steps on your mobile phone. You don’t need to leave your home or meet anyone to complete the borrowing process. Everything is done online, saving you time and effort.
Diverse loan packages and attractive interest rates
MocaMoca offers you various loan packages to cater to your financial needs. From small amounts to larger sums, you can choose a suitable loan package and receive attractive interest rates. The simple and transparent process helps you understand the terms and conditions of the loan.
No collateral required and no physical meetings
MocaMoca does not require you to provide collateral, reducing risks and providing convenience. You also don’t need to meet anyone during the loan process; everything is handled online. This ensures security and saves you time.
Loan package information at MocaMoca
- Loan amount: Minimum ₱2,000 and maximum ₱20,000
- Loan tenure: Minimum of 180 days (including extensions, if any) and maximum of 360 days (including extensions, if any)
- Annual Percentage Rate (APR): Maximum interest rate of 10% per year
- A service fee of 10% will be deducted upon disbursement
- There are absolutely no hidden fees.
Loan case sample:
If you apply for a loan with a principal amount of ₱2,000 and a loan period of 180 days (6 months), with an annual interest rate (APR) of 10%, a one-time service fee of 10%, and no other fees, the following calculations apply:
- Service fee: ₱2,000 * 10% = ₱200
- Amount received: ₱2,000 – ₱200 = ₱1,800
- Total interest fees: ₱2,000 * 10% * 180 / 365 = ₱99
- Total payable amount at the due date: Loan amount + Interest fees = ₱2,000 + ₱99 = ₱2,099
- Monthly repayment: ₱2,099 / 6 = ₱350
Guide to applying for a loan at MocaMoca
Meet the loan eligibility criteria
- You must be a valid citizen of the Philippines, aged between 18 and 50.
- Provide information about your income and repayment capacity.
- Provide accurate and complete personal information.
- Submit a photo ID and a portrait photo of yourself.
- Have a bank account and download the mobile application.
Steps to apply for a loan through the MocaMoca
Step 1: Download and install the MocaMoca app
- Download the APK/IOS app from Cashloanapp.net
- Sign up for quick loans on the website.
Step 2: Create an account
- Open the MocaMoca app on your mobile phone.
- Click on ” Register ” or create a new account.
- Fill in the required personal information such as name, address, phone number, ID number, date of birth, etc.
- Confirm the information and proceed with the registration.
Step 3: Identity and information verification
- After successful registration, you will be required to verify your identity and personal information.
- Provide identity verification documents such as ID card or passport, utility bills, or other documents as required by MocaMoca.
- Follow the instructions in the app to complete the identity verification process.
Step 4: Choose a loan package and amount
- Access the MocaMoca app and find the ” Loan ” section or similar.
- View the available loan packages and choose the one that suits your financial needs.
- Enter the loan amount and select the loan term.
Step 5: Submit the loan request
- Double-check the registration information and ensure its accuracy.
- Submit the loan request by clicking on the ” Submit ” button or similar.
Step 6: Processing and loan approval
- After submitting the loan request, your information will be reviewed and processed by MocaMoca.
- Wait for notification regarding the processing and approval of the loan. The processing time may vary depending on MocaMoca’s internal procedures.
Once the loan request is approved, the loan amount will be disbursed to your bank account through transfer methods or compatible e-wallets supported by MocaMoca.
Promotions on MocaMoca
MocaMoca App not only offers convenience in borrowing money but also provides attractive promotional programs to add value for customers. Here are some notable promotions on MocaMoca:
0% interest rate for first-time borrowers
For new customers, when you borrow money for the first time through the MocaMoca app, you have the opportunity to enjoy a 0% interest rate. This helps you save significant interest costs during the repayment process.
Increased credit limit for customers with good credit history
If you are a customer with a good repayment history with MocaMoca, you may be eligible for a credit limit increase. After timely repayment and building a positive credit history, your borrowing limit will be raised, allowing you to borrow a larger amount and meet higher financial needs.
Interest rate and credit limit incentives for referring friends and family
MocaMoca values its existing customers and encourages them to refer the MocaMoca app to friends and family. You will have the chance to receive interest rate incentives and credit limit increases if the referred person successfully registers and borrows money through the MocaMoca app.
Monthly promotional programs
MocaMoca regularly organizes monthly or quarterly promotional programs to provide additional value for customers. These promotions may include special interest rate reductions, increased credit limits, or other special rewards. Stay updated with MocaMoca’s announcements and news to not miss out on these attractive promotional programs.
Some frequently asked questions on MocaMoca
Here are the answers to frequently asked questions related to the MocaMoca app:
Why am I unable to borrow money?
There could be several reasons why you are unable to borrow money through the MocaMoca app. This could be due to insufficient or non-compliant profile information with MocaMoca’s loan requirements. Requirements may include age, credit history, income, and repayment capability. Please review your personal information and ensure that you meet the necessary requirements.
How much can I borrow as a first-time borrower?
For new customers and first-time borrowers on the MocaMoca app, the credit limit is usually lower. However, the maximum amount you can borrow is typically between 5 million to 10 million VND. MocaMoca will assess your personal and financial information to determine the credit limit and provide an appropriate borrowing amount.
Can I borrow on behalf of a family member?
The MocaMoca app does not allow borrowing on behalf of family members. To borrow money through the app, you need to be the borrowing entity, and your personal information must match the registered customer.
Are there service fees for borrowing money?
Borrowing money through the MocaMoca app is entirely free of service fees. You only need to repay the agreed-upon interest and principal amount you borrowed.
How long does the disbursement process take?
Once your loan application is successfully approved on the app, the borrowed amount will be disbursed to your bank account. The disbursement time depends on the bank you are using and their internal processes. Typically, the disbursement process can take anywhere from a few hours to one business day.
If you have any further questions, please contact MocaMoca’s support team through the app or the provided hotline number for detailed advice and assistance.
MocaMoca – The fast and convenient mobile loan app. The app offers diverse loan packages with attractive interest rates. Once registered and approved, you will receive the money in your bank account. The process is simple, collateral-free, and doesn’t require physical meetings. MocaMoca also provides promotions and credit limit increases for customers. Download the MocaMoca app and experience the convenience and flexibility of borrowing money.