Many Filipinos turned to online lending options in search of easy-to-access loans. One such popular choice is Finbro.
Filipinos in need of financial help are relying on Finbro loans. It assists Filipinos with unexpected costs and personal expenses.
This article provides useful information about Finbro – its features, which will throw light on the application requirements and process.
What is Finbro?
Finbro.ph, an online lending platform in the Philippines. It gives people easy access to short-term loans for unexpected expenditures.
The application process for this service is simple. Finbro, in fact, has quick approval times and convenient payment options.
Loaners have the flexibility to access cash from any bank branch or ATM. This conveniently deposits money into their bank account through or transfers funds to e-wallets.
Advantages of Finbro Online Philippines:
- Finbro offers an effortless and speedy loan application process. The website is user-friendly, allowing clients to simply apply for loans online.
- Finbro has minimal requirements, ensuring that the application process is hassle-free for potential borrowers.
- First-time clients have the advantage of receiving loans without any added interest.
- Unlike traditional loan providers, Finbro offers loans without requiring any collateral.
- Finbro ensures swift approval within 24 hours, allowing borrowers to receive their loan funds promptly and efficiently.
With Finbro, you can borrow from ₱1,000 to ₱50,000, with flexible repayment terms of 30 days to 12 months. Applying for a loan is easy using your smartphone or laptop. Once approved, the funds will be transferred quickly to your bank account or e-wallets like GCash and Maya.
For first-time clients borrowing ₱15,000 and above, Finbro offers zero interest and no processing fees as an introductory offer.
What is Borrowers Advantage Package Finbro?
For those unable to provide additional information, Finbro offers borrowers the Borrower Advantage Package. The Borrowers Advantage evaluates your loan repayment ability and determines if you’re eligible for the desired loan amount.
Additional documents will be required if you choose not to use this package. This includes a Certificate of Employment and a Comprehensive Executive Check-Up Result.
Once you submit these documents, the application result will take approximately 10 days. However, if you urgently need funds and are unwilling to provide the additional requirements, acquiring the warranty package becomes mandatory.
Please note that opting for the warranty package entails higher costs compared to the interest and processing fees.
How can I apply for a loan from Finbro?
If you are in need of financial assistance, Finbro offers a seamless process for obtaining loans. Applying for a loan from Finbro is simple and stress-free.
- Begin by visiting Finbro’s official website.
- Look for the loan application widget on the right side of the homepage. Choose your loan amount and click “Apply Now” if you are a new client. If you are a repeat client, simply click on “Login.”
- Fill out your personal information, including your contact details such as your phone number and email address.
- Wait for your “Verification Code” that you will need to input in the field.
- Use the system to take a photo of your valid ID and a selfie.
- After completing the verification process, you will be directed to your Loan Summary. Review the information, accept the disclosure statement, and press “Finish” to complete the application process.
How much can I borrow?
Finbro Loans offers a convenient way to obtain a loan ranging from ₱1,000 to ₱50,000, subject to approval. As a warm gesture, first-time borrowers looking for ₱15,000 or less can enjoy zero-interest and processing fees.
What is the interest rate, fees, and other charges or penalties?
Finbro offers a competitive interest rate of 6%. The process and charging fees are determined based on the amount of the loan you apply for. What you need to understand is that there may be penalties and potential increases in fees based on the specific terms of the loan.
Details regarding the interest rate, fees, as well as any other charges or penalties will be shown during the process.
What are Finbro’s Online Loan Requirements?
These requirements are needed if you wish to apply for a loan.
- Filipino citizenship is a must.
- Applicants must be within the age range of 20 to 70 years old.
- Employment or a regular source of income is required.
- At least one valid ID (such as SSS, UMID, passport, or driver’s license) is necessary.
- A bank account in the applicant’s name is mandatory.
- Submit your ID selfie for identification purposes.
The company will promptly notify or communicate further if necessary. It is advisable to be available during business hours in case a representative needs to contact you for assistance.
The processing time for applications can vary, typically ranging from 10 minutes to the following working day. Applicants will receive notifications regarding their decision through SMS.
Finbro Loan Review
Opinions regarding Finbro loans vary among individuals. A lot of users think that the platform provides swift financial help through practical means.
Others like its user-friendly interface and handling of transactions.
Some individuals have expressed concerns regarding the 6% high-interest rate and the borrowers advantage package. The application process for people who want money right away may get delayed as a result of these factors.
Finbro Loans’ financial services are generally well-received, although there is still potential for development.
FAQs about Finbro
Can I repay my loan in time?
Yes. In fact, this will improve your chances for a higher loan the next time you transact with Finbro. Not to mention, this will improve your credit rating.
Can I still get an additional amount on top of my existing loan?
If you have an available loan limit, you can get another extra loan. However, this depends upon your request. Finbro will look into your application and advise you.
What if I can’t pay my loan on time?
Finbro has an option that allows you to prolong your loan payment for another 14 days or 30 days. Your minimum payment highly depends on the amount you loaned.