1.0.5 Safe to install
Madaloan Simplifies Personal Lending
Madaloan offers a user-friendly platform for hassle-free personal loans with competitive rates and quick approval times, making it an appealing choice for those in need of financial assistance.
Company Information
- Company name: IFun Lending Corp.
- SEC Registration No.: 2021090025243-01
- Registered Business Name: MadaLoan
- CERTIFICATE OF AUTHORITY NO. L-21-0061-15
Please take a moment to familiarize yourself with the loan terms and conditions available on our website or reach out to our customer service department for additional information:
- Working hours: 8 am to 6 pm (Monday to Saturday)
- Global Phone: +639171438842
- Email: [email protected]
- Address: Salcedo Avenue, Makati, Kalakhang Manila, NCR, Philippines
1. Product Introduction
- Loan amount: ₱ 1,500 - ₱ 8,000
- Loan term: 120 days, 150 days, or 210 days
- Interest rate: The highest APR is 18.25% per year, with a daily rate of 0.05%
- Transaction fees: ₱20 - ₱130 (Paid in advance by the successful loan channel)
- Service Fee: 0%
Service fee: ₱6,000 * 0% = ₱0,
Amount received: ₱6,000 - ₱20 = ₱5,970,
Total Interest Charge: ₱6,000 * 0.05% * 120 = ₱360,
Monthly Interest Payment: ₱6,000 * 0.05% * 30 = ₱90,
Total Repayment Due (Loan + Interest): ₱6,000 + ₱360 = ₱6,360,
Monthly Installment (Principal + Interest): ₱6,360 / 4 = ₱1,590.
2. Eligibility Criteria
- - Only for Filipino individuals aged between 18 and 60
- Filipino citizens
- Employed individuals3. Platform Overview
MadaLoan is an online loan platform that holds valid registration with the Philippine SEC offering loan services. As a well-regarded application for loans in the Philippines, MadaLoan caters to employed and self-employed individuals.
4. Platform Benefits
MadaLoan's primary objective is to assist in solving financial difficulties by providing loan solutions through its application. Acquire loans conveniently with no interest charges to fulfill your financial requirements.
5. Repayment Process
You can settle your repayment at various convenient locations like 7/11, Mluillier, Gcash, PAYMAYA, and any nearby bank branches such as BPI or UBP.
Don't hesitate! Download our online loan application today and experience financial freedom!</ponda.getLongitude()
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Overview
Madaloan is a Freeware software in the category Business developed by Ifun Lending Corp.
The latest version of Madaloan is 1.0.5, released on 03/17/2024. It was initially added to our database on 03/17/2024.
Madaloan runs on the following operating systems: Android.
Madaloan has not been rated by our users yet.
Pros
- Provides quick loan approvals and disbursements.
- User-friendly mobile application for easy access.
- Offers competitive interest rates compared to traditional banks.
- Flexible repayment plans available for borrowers.
- Transparent terms and conditions with no hidden fees.
Cons
- Limited customer service hours, which may be inconvenient.
- Not available in all regions, limiting accessibility.
- Some users report issues with the application process being too lengthy.
- Potentially high late fees or penalties for missed payments.
- Interest rates may vary based on creditworthiness, leading to higher costs for some users.
FAQ
What is Madaloan?
Madaloan is a financial product offered by Ifun Lending Corp, designed to provide quick and convenient loans to customers.
How can I apply for Madaloan?
You can apply for Madaloan by visiting the Ifun Lending Corp website and filling out the online application form.
What are the eligibility criteria for Madaloan?
To be eligible for Madaloan, you must meet certain criteria such as being of legal age, having a steady income, and a good credit history.
How much can I borrow with Madaloan?
The loan amount you can borrow with Madaloan depends on your creditworthiness and financial situation, subject to approval by Ifun Lending Corp.
What is the interest rate for Madaloan?
The interest rate for Madaloan may vary based on various factors, including your credit score and the loan amount. Specific rates can be obtained during the application process.
Is there a minimum credit score requirement for Madaloan?
While there may not be a specific minimum credit score requirement, having a higher credit score can improve your chances of approval and may lead to better loan terms.
What is the repayment period for Madaloan?
The repayment period for Madaloan varies depending on the loan amount and terms agreed upon. It is important to review the terms and conditions provided by Ifun Lending Corp.
Can I repay my Madaloan early?
Yes, you may have the option to repay your Madaloan early. However, it is advisable to check with Ifun Lending Corp regarding any prepayment penalties or terms.
What happens if I miss a payment for my Madaloan?
If you miss a payment for Madaloan, it could result in late fees, additional interest charges, and a negative impact on your credit score. It is important to communicate with Ifun Lending Corp if you are facing difficulties in making payments.
Is Madaloan available in all states?
Madaloan availability may vary depending on state regulations. It is recommended to check with Ifun Lending Corp to see if Madaloan is offered in your state.
Peter Salakani
I'm Peter, a software reviews author at UpdateStar and content specialist with a keen focus on usability and performance. With a background in both software development and content creation, I bring a unique perspective to evaluating and discussing general software topics. When I'm not reviewing software, I enjoy staying updated on the latest tech trends, experimenting with new applications, and finding innovative solutions to everyday tech challenges.
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