FunPeso that are versatile, has an easy application process, and can be approved very quickly! The Annual Percentage Rate (APR) for loans through FunPeso ranges from 15% all the way up to 36%, and the minimum payback period is only three months long.
A Rate of Interest
Minimum: 1.25 percent each month; 15 percent per annum
Maximum: 3% per month (applicable only to loans with durations of 6 months or longer); annual percentage rate of 36%
The interest rates are different for each consumer.
The processing fee is fixed at Php 500 and will be taken from the total amount that will be released; it will not be added to the total loan amount.
Amount, as well as Term
The loanable amount ranges from 3,000 to 150,000 Philippine Pesos.
The term of the loan might range from three months to twenty-four months.
Every single characteristic varies depending on the buyer.
A Calculation as an Example
The amount of the loan is 15,000 PHP.
The loan term is one year.
The interest rate is 1.25 percent per month and 15 percent per annum.
The fee for processing the loan is PHP 500 (the amount is fixed).
Then,
Interest is calculated by multiplying the principal by the annual percentage rate.
The total cost of the loan is equal to the loan amount plus the interest rate plus the loan processing fee, which comes to PHP 15,000 plus PHP 2,250 plus PHP 500.
The monthly payment is equal to the total cost of the loan divided by the number of months the loan is outstanding, which is 1,479.17
How exactly does it function?
Download the FunPeso app from the Google Play store.
Register yourself and give us some information about your identity.
You can choose the loan amount as well as the loan term.
Get the loan you need.
You can increase the amount of your loan by making on-time payments.
Why should you pick us?
streamlined and less complicated procedures and processes
A more rapid pace of review
Excellent percentage of satisfied customers
Never again need to stress about the safety of your information
Who is eligible to borrow? satisfy each of the requirements listed below.
individuals with Philippine nationality
Age of 18 and up.
Have at least one primary id, such as an SSS card, a UMID, a TIN, a driver's license, or a passport.
You should either be employed or self-employed.
How shall we repay?
- Proceed to the M. Lhuillier/RD Pawnshop located at 7.11
- Select "Skypay" as your method of bill payment, or enter "Skypay" as the company name.
- Please include the contract number, in addition to any other necessary information.
- The only way to get the contract number is to start with SKYF2. It is not permissible to make a payment to any personal account.
- After payment, you will receive a confirmation number and a receipt.
If you wish to make a payment via the GCASH app, select Pay Bills-Loans-SKYPAY, and then proceed with steps 3, 4, and 5.
