Content articles
Billease is a buy now, pay later (BNPL) application that allows you to purchase items from its partnered merchants. Its BNPL products have no down payment, and you can settle your loan through bank deposit or e-wallet.
Its competitive interest rate stands at just 3.49% per month, and its credit limit is automatically upgraded as you service your installments. This makes billease cash loan app a convenient financial solution that you can follow from the comfort of your home.
Plentina
Plentina is a credit https://loansforall.org/cebuana-lhuillier/ startup that offers micro loans in voucher form, which can be used to buy goods at partner merchants and repaid through electronic payments. It was founded in 2019 and is based in Belmont, California. Its investors include Unpopular Ventures, Techstars Ventures, AV Ventures, and Global Founders Capital. Plentina offers a variety of products including micro loans and debit cards.
It uses alternative data sources, such as retail loyalty programs and mobile data (with user permission), to gauge creditworthiness. This model is scalable, allowing the company to offer loans in markets with low credit histories and limited access to traditional credit. Plentina has generated 10 million credit scores to date and will continue to build new models to support its growth.
Using the Plentina app, users can qualify for a loan to purchase goods and services instantly, and repay their debts with a few swipes on their smartphones. The credit limit can be increased if the borrower makes good repayments. The lender also provides a cashback program, which rewards responsible borrowers with better terms and higher credit limits.
The company is on track to reach $10 billion in assets under management by 2024, with an aim of serving over half a million customers. Its latest product, Plentina Wealth, is a robo-advisor that offers investment advice by taking into account the customer’s goals and interests.
Moneycat Philippines
If you need a small amount of cash to cover unexpected expenses, an instant cash loan may be the right solution. Moneycat Philippines is a financial technology company that provides online cash loans to Filipinos. Its services are fast, convenient, and affordable. It is a good alternative to payday loans and other traditional lending companies, and it offers a range of flexible repayment options.
Moneycat PH uses artificial intelligence to evaluate borrowers’ creditworthiness, making the process much faster and more accurate than traditional methods. It also allows borrowers to choose their own loan amount and terms. Its website also includes educational resources and financial literacy materials to help borrowers manage their finances and make sound decisions.
Another advantage of Moneycat PH is that it does not require a minimum credit score to qualify for a loan. Its eligibility criteria is based on the borrower’s income and other factors. This makes it a great choice for salary workers who need an emergency loan to cover unexpected expenses. The company has a friendly customer service team and can answer your questions in a timely manner.
To apply for a Moneycat PH loan, you must have an accepted ID and proof of income. This can be your passport, driver’s license, UMID, SSS ID, or TIN ID. Once you have submitted the required documents, the app will verify your information and send you a confirmation number.
TendoPay Philippines
TendoPay is a financing platform that allows users to make online purchases using installment payments. The application process is quick and easy, and there are no credit checks involved. The platform also offers flexible repayment terms, which are based on the user’s financial situation. Its limited eligibility, however, restricts it to employed individuals with a stable income.
Upon approval, the amount will be credited to your TendoPay account. This can be accessed through the app or through your dashboard. You can then use the funds to buy from your preferred partners. Repayments are scheduled semi-monthly and are payable on the Due Date as specified in your dashboard or other communications from TendoPay.
The company’s service fees are low, with interest rates averaging only 4% to 5% per month. However, the company charges high penalty fees for late payments. To avoid paying such fees, you should always make your payments on time.
Tonik Digital Bank has acquired TendoPay, a Philippines-based fintech that provides a full suite of digital credit products and services to salaried employees. The acquisition will strengthen Tonik’s presence in the Philippine market and boost its employee finance offerings. TendoPay’s current product offerings include a 0% interest purchasing plan, emergency cash loans, personal finance management tools, virtual cards, and prepaid health insurance cards. The company also provides a rewards program.
BNPL
BNPL is an alternative to credit cards and offers an in-app payment option that allows customers to purchase goods or services with zero interest payments. During checkout, a small down payment is made and the remaining balance is paid in weekly or monthly installments. This payment option is popular with consumers who wish to avoid high-interest rates or don’t want to carry a credit card balance. BNPL providers like Klarna and Afterpay offer simple point-of-sale integration to reduce friction for customers at the time of purchase. In addition, GoCardless integrates with BNPL providers to automatically process recurring payments.
Unlike credit cards, BNPLs don’t require a hard inquiry and don’t impact your credit score. However, it is important to review the terms and conditions carefully before using this payment method. Moreover, you should always make on-time payments. Failing to do so may result in debt traps.
Another disadvantage of BNPLs is that they don’t have the same protections as credit cards. For example, if you need to return an item, you’ll have to deal with the retailer, instead of the lender. This can delay the refund. Moreover, some BNPLs charge a fee for late payment or non-payment. This fee can add up quickly, especially if you use the service often. As a result, it’s important to read the fine print carefully before making a purchase with a Buy Now Pay Later app.
Reporter. She loves to discover new technology.
