MotorcycleLoan-Quick Cash Loan 1.0.1

MotorcycleLoan offers an online quick loan service with a maximum approved amount of 50,000PHP. The service is managed by Asiasource Financial Inc and is identified by Certificate of Authority No.1085 and Company Registration No.CS201412567. MotorcycleLoan's office is located at U2204C East Tower PSEC, Exchange Rd, Ortigas Center, Pasig, Philippines with contact available via email at [email protected].

Key loan details include a maximum loan amount of 50,000PHP, a minimum period of 90 days, a maximum period of 180 days, an annual interest rate ranging between 18% to 36%, and a daily interest rate lower than 0.5%. As an illustration, if you were to borrow ₱5,000 for 180 days at an APR of 20% with a one-time service fee of 5%, the total repayment would be calculated as follows: service fee (5000*5%=250), total interest expense (5000*20%*180/360=500), total repayment on maturity date (5,000+500=5,500), and monthly repayment (5,500/6=916).

MotorcycleLoan facilitates installment loans that necessitate good credit history and repayment discipline to access. Timely repayments can potentially boost future loan amounts and extend loan durations.

Applicants must meet specific criteria which include possessing a valid ID card, an active mobile phone number, being a Filipino citizen aged 18 or older, and holding a stable job. The loan application process entails downloading the app, registering with your mobile number, completing the application form, awaiting approval, selecting withdrawal amount and payment account, and promptly receiving the funds.

MotorcycleLoan is tailored to Filipino users' loan needs. With just a valid ID required for the application process, the mobile operation is user-friendly with rapid application processing and convenient fund withdrawal options directly to e-wallets or bank cards. Stringent data encryption protocols are employed to ensure information security.