Soscredit offers loans in partnership with authorized lenders in the Philippines. Loans range from ₱1,000 to ₱25,000 to be repaid between 3 and 12 months. The interest rate depends on the loan and can be up to 180% APR. They also have an offer for new clients, who can request up to ₱10,000 with 0% interest and no commissions.
Using the service requires you to fill out a form with your personal information. Then, you just have to wait for the information to be verified and an approval decision to be made. Once your request is approved, you’ll have a maximum amount you can borrow. You may request more than one loan, as long as the total doesn’t exceed the maximum amount approved for you.
Features |
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Banking product |
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Loan amount |
From ₱1.000 up to ₱25.000 |
Tenure |
From 3 months Up to 12 months |
Interests and costs | The loans come with an interest rate of a maximum of 180% APR. The exact percentage and total amount to be paid vary per individual loan. Before agreeing, please refer to the loan terms or contract for this information. |
Early repayment |
You may cancel the loan before the due date at any time. To do so, contact customer service to know the exact amount remaining. |
Benefits |
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Requirements |
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