In this article, we are going to discuss several things that you need to know about MoneyCat. We will show you some quick procedures, quick loan disbursement, and also professional support staff that they have for supporting all of their customers.
What is MoneyCat?
Money Cat app is one of the most reputable instant cash loan providers in the Philippines. If you are interested in taking an instant cash loan from the Internet, you may want to take a look at this article. This loan is available for all customers with many different needs.
MoneyCat Fees & Charges
Before you decide to take the MoneyСat loan from the app, you may want to know all of the fees and charges for the Money Cat loan. The interest rate for the 1st loan will be 0.01% per day. Then, if you decide to take another loan, the repeated loan will have up to an 11.90% interest rate per month. The maximum annual percentage rate (APR) will be 145%. If the loan is overdue, the interest rate can reach up to 365%.
There is another charge called the late payment charge. This charge will be settled on your loan statement when the loan is overdue. The late payment charge will be 6% of the overdue amount. There is no other penalty charge that will be settled on your statement for your loan. If you are planning to do early debt settlement, this process doesn’t charge you extra fees. If you want to know more about all available fees and charges for your loan, you can contact the Money Cat company now.
There is only one penalty fee that you need to pay. This fee is only applied when your loan is overdue. Therefore, you need to ensure that you can make the payment on time. The overall late payment charge will be 6% of the Moneycat unpaid loan amount.
Is MoneyCat a Scam?
Many people are asking about the legitimacy of the MoneyCat. However, you should never have to worry about it at all. As all of you know, MoneyCat is a registered lending company. They are registered under the SEC (Securities and Exchange Commission) from the Philippines. Their SEC registration number is CS201953073. They also have a certificate of authority that can legitimate their operation. Their certificate of authority number is 1254.
Most of their customers are happy with their service and their reputation. They get a lot of good experience when taking a loan from Money Cat. They get about 4.54-star rating scores out of 5 from about 13 votes from the customers. This positive Moneycat loan review shows the overall quality that you can find in the Money Cat. You will never have to regret your choice when you decide to get a loan from this app.
How to take a loan in Moneycat?
Visit their official website
It is easy for you to take a loan from Money Cat. What you need to do is just visit their official website at MoneyCat.ph. From this official website, you are welcome to submit your loan application. You can simply enter the total amount of money that you are going to borrow. The total money that you can borrow is ranging from PHP 500 to PHP 20,000.
Fill out your personal information on the loan application form
Then, you need to fill out your personal information, such as your full name, phone number, and email address before you can continue to the next step.
Don’t forget to submit all the required documents
When you are planning to take a loan from Money Cat, you are required to submit your valid ID in the Philippines. Then, you can also confirm your loan application by using OTP Code.
Wait for the application to be approved
It is very easy and simple for you to take a loan from Money Cat. Once you submit your loan application, you will get an SMS notification about the loan approval within 30 minutes after your phone call. The money will be sent to your bank card within 30 minutes.
How much can I borrow from Moneycat?
This is another important thing that you need to know from Money Cat. Money Cat app can offer loans starting from PHP 500 to PHP 20,000. In the beginning, you can start with a smaller loan amount to build your reputation and relationship with the Money Cat app. Every time you repay the loan on time, you are building a good reputation or a good credit score. It will be good for you, especially if you want to take the Moneycat repeat loan in the future. If you have a good credit score during your loan term, you will be able to repeat the loan with a higher limit with Money Cat.
What are the repayment terms in Moneycat?
There are several payment terms that you can find from Money Cat. They offer 3 – 6 months repayment terms. It is very flexible for you to decide to right terms for your loan. You can choose the best fit based on your financial situation and also your ability to repay the loan. Once you complete the payment procedure, you can take another loan in the future. It will be very easy for you to manage your loan in the Money Cat app now.
There are many loan companies that are operating in the Philippines. One of the most popular ones is the Money Cat app. This app is specially designed to help you get the best loan for your needs. This loan application is very popular for its flexibility and fast approval process. If you need an instant cash loan option in the Philippines, you can consider using this loan app now. This loan is eligible for all Filipinos who are about 22 – 60 years old. All employed individuals and also professionals are welcome to apply for this loan.