Weloan is a well-known safe online lending application in the Philippines, offering convenience and speed for personal loans. Using the app, users only need to have a smartphone and provide basic personal information to receive a high credit limit in the shortest possible time. It’s worth noting that this app does not charge any service fees or additional costs. Everyone, please download the Weloan App to your phone to apply for an online loan today.
Why should you choose Weloan?
Borrowing money from Weloan provides customers with a reputable and quality experience. Below are the prominent benefits when using this application:
- The loan process takes place on your smartphone, no need to travel or meet in person. You can complete the loan application at any time during the day, taking control and saving time.
- Loan contracts are assessed and disbursed quickly, without wasting customers’ waiting time. You will receive the loan amount shortly after your application is approved.
- The application evaluates customers’ loan profiles with a high approval rate, creating opportunities for many people to receive financial support.
- All information about the loan is provided fully, in detail, and transparently in the contract. You can easily track and check to ensure your rights and responsibilities.
- The application is committed to keeping customer information confidential and protecting personal data strictly, ensuring safety and security in the transaction process.
Product Information and Loan Costs
- Online loan product: Loan amount up to ₱ 10,000
- Loan term from 91 days to 120 days
- Interest rate: Maximum APR is 36% per year, 0.08% per day
- Promotion: 0% interest for the first 15 days of loan registration
- he application provides completely free services to customers.
Note: The information about the loan product package may change over time, users need to access the application to get the latest updates.
Example of loan cost calculation:
If you choose a loan limit of ₱7,000 with a 120-day loan term.
- The total interest amount to be paid will be: ₱7,000 * 0.08% * 120 = ₱672.
- The total repayment amount, including the principal and interest, will be: ₱7,000 + ₱672 = ₱7,672.
Conditions and Registration Process for Borrowing at Weloan
Mandatory loan conditions
To be eligible to borrow money through the app, you need to meet certain conditions and basic requirements:
- Be a citizen of the Philippines
- Age accepted between 20 to 55 years old.
- You need to provide a personal ID image.
- Your monthly income needs to be stable.
- Good credit history and no bad debts are also important requirements.
Quick registration process guide
Step 1: Download and install the Weloan App from cashloanapp.net
- Get the app for Weloan APK/IOS
- Register for a loan quickly
Step 2: Register and fill in the necessary personal information, including:
- Full name
- Phone number
- Banking information.
Provide accurate information to ensure a smooth verification and approval process.
Step 3: After you complete the registration, wait for the application system’s review process. Usually, this process takes about 30 minutes to 2 hours for the app to review the information and make a decision on loan acceptance or rejection.
Step 4: If the loan is approved, Weloan will immediately disburse the loan amount into the bank account you provided. The transfer time will vary depending on the bank you are using.
Note: Detailed information and the loan process may change over time. Please carefully read the terms and conditions, as well as the loan policies before using the loan app.
Guide to Checking Your Loan on Weloan
To check information about your loan on the app, please follow these steps:
Step 1: Open the Weloan App on your phone.
Step 2: Log in to your account.
Step 3: After successful login, you will see a profile information page.
Step 4: On the profile page, you will find relevant information about your loan, including the loan package, the current loan amount, the repayment term, and payment details.
The Weloan app provides customers with transparent and clear loan information. This makes it easy for you to track and check the status of your loan conveniently and quickly.
Case of Customers with Bad Debt
In the event that a customer fails to repay the debt on time, Weloan has an effective debt collection process. After the specified repayment period without any response from the customer, the loan profile will be transferred to the debt recovery department.
The debt recovery team will take measures to collect the debt, including making phone calls and sending messages to the customer. If necessary, they will contact the customer’s relatives to inform them about the debt status. However, this could affect the customer’s and their relatives’ reputation and credibility.
If a customer refuses to repay the debt, Weloan may send personnel to the customer’s residence for debt collection. This is a last resort measure to protect the rights of the lender. Therefore, to avoid undesirable consequences, it is crucial for customers to repay their debts on time and to contact Weloan to find a solution if they encounter financial difficulties.
Contact Information for Weloan
- Website: https://www.weloanpro.ph/
- Email: [email protected]
- Working Hours: From 8:00 AM to 8:00 PM
If you need assistance or have any questions related to Weloan’s services, please feel free to contact us via email or visit our website for more details.
Weloan is a reputable online lending app in the Philippines, providing safe and convenient personal loans. With a user-friendly interface, borrowers can apply using their smartphones and basic information. The app offers transparent loan processes, high approval rates, and discounts for users. Privacy and data protection are prioritized. Weloan is a reliable choice for quick and accessible personal loans. Borrowers should review terms and conditions responsibly before availing loans. Overall, Weloan is a preferred option for financial assistance.