- A payday loan is a small loan issued by a financial institution over the Internet.
- The need for a payday loan in the Philippines usually comes due to low wages or in case of an emergency.
- We recommend a quick short-term loan from Robocash for between 7 and 30 days.
- Always keep repayment deadlines in mind to pay back your debt on time.
An online payday loan is a small loan that is issued by a financial institution through the Internet. This type of loan differs from banking loans in that it is disbursed quickly and is more likely to be approved for different segments of the population. The 24 hours online loan system is designed for those who know the value of their time and do not like the process of long document collection. Payday loan companies do not issue mortgages or car loans. It is also impossible to obtain a large loan to open or expand a business here. The system provides small amounts up to wages for consumer needs: payment for utilities, purchase of equipment, celebration, recreation and other needs. (1) When a 24 hour payday loan in the Philippines is taken out, the expectation from the lender is that it will be paid on the next date when the borrower’s salary is available. The borrower is to visit the lender and pay the borrowed amount plus whatever interest rate was added to the principal amount.
When are Payday Loans Needed?
The need to procure payday loans in the Philippines is typically brought about by low salaries or when there is an emergency that needs to be funded. In some cases, when enrollment for students begins, additional money is needed to pay for tuition fees. Another type of scenario is when an employee’s salary isn’t paid on time. This is definitely a situation that calls for short payday loans that are going to be needed, particularly for those who barely have any savings. 24-hour payday loans are issued for various consumer purposes: – repairs of housing, equipment, cars; – purchase of a computer, refrigerator, any home appliances; – vacation in the country; – celebration (wedding, anniversary, etc.); – emergency treatment or surgery; – refinancing of debts to banks; – payment for utility services. Of course, this is just an indicative list of the most popular goals, but it really doesn’t matter what you want to spend the money on. The main thing in cooperation with the online system is to pay off your debt on time. Apply now
The Cons of a Payday Loan
As great as the arrival of payday loans the same day, these things typically come with high-interest rates. The unfortunate truth for many borrowers is that a lot of them fail to pay back what they owe for whatever reason. Couple this with the high-interest rates and it’s easy to go into a debt spiral. The usual solution for many borrowers is to take out another loan to pay the original one.
Payday Loans in Robocash
Robocash is an online money lender, established, licensed, and operating legally. It is a provider of a variety of loans like payday ones. 24 hour loans for unemployed are offered by many financial organizations, but not every one offers such loyal conditions as we. Robocash is an automated credit system that offers loan issuance for any payment details, at interest, quickly and without documentary red tape. If you need cash immediately for the purchase of equipment, vacation, celebration, surgery or payment of utilities – do not waste time on banks, contact us for an instant loan.
Advantages of Robocash Payday 24 hours Loans
- Fully Automated. Since Robocash issues fast payday loans, the borrower can expect the money to be there like an instant payday. Borrowers don’t have to fall in line for hours too, the transaction is also more accurate, being that all the financial transactions are calculated on computers which are really overpowered.
- High Approval Rate. Fast 1 hour payday loans are expected to be given within an hour especially at times when the money is needed as soon as possible. So with Robocash, potential borrowers can be assured that they can be issued their small payday loan with ease and with little hassle.
- Online Application. How small is the hassle? Payday loans online come at the advantage that borrowers don’t need to provide too many documents. One of the requirements for taking out a loan is some document that proves your employment. Other documents that can be added are proof of billing or an employee ID, payslip, etc. There’s no way that an employee can still miss any important document for filing for a loan. Another advantage of taking fast payday loans online is that borrowers don’t have to go to the bank, everything can now be done from a PC, laptop, or even a smartphone.
- Absolute loyalty. Anyone who has reached the age of majority and is a citizen of the Philippines can apply for a fast and easy online loan 24/7. Neither the family status, nor the post, nor the amount of salary does not affect the probability of getting a loan.
Also undoubted advantage is the ability to cash out funds in the offline point. The borrower receives the 24/7 loan approval of the application on the web-site, and then cashes out a loan in one of our offices. Such points are located throughout the Philippines. The loan is drawn up 24 hours a day and quite simple. You need to choose the amount and maturity of the debt, then fill in a short form with your passport data. The application is sent for consideration. Within a few minutes, the borrower receives a reply from the company to which the electronic contract is attached. It is necessary to read the points of the contract and confirm the financial deal with a single click of the mouse. Money will be available within 1 hour maximum. On average, the waiting time does not last more than half an hour.
Robocash Loan Terms
- Loan Terms The loan terms for Robocash is pretty straight forward: those who are going to borrow for the first time are allotted 15 days to pay back whatever amount is owed. This is just about the same length of time between paychecks. In this scenario, it sounds perfect. For those who will be borrowing for their second time or more, they can take out a loan with a term anywhere between 5 and 30 days.
- Loan Amount Unfortunately, first-time borrowers can’t borrow a large amount at only PHP 1,000.00 maximum. But if the first loan has been paid, the borrower is now open for a loan increase. Those, who borrow for the second time, can go as high as PHP 25,000.00 which should be enough for most simple emergency situations.
- Borrower Requirements The requirements necessary for borrowing a payday 24/7 loan from Robocash is minimal. All customers are expected to have 1 government valid ID. The following documents may be provided in addition: a copy of their payslips or employee ID or a Certificate of Employment (COE). For the self-employed like those who are running a business, it is necessary to present their Department of Trade and Industry (2) or Bureau of Internal Revenue (3) certificates.
Features of getting a Robocash loan 24/7
Robocash is a financial system that does not require the provision of supporting documentation, except the passport. By applying for a loan here, the customer is exempt from:
- waste time on standing in queues at banks;
- waste time on waiting for an approving result;
- need to collect a package of documents;
- extra overpayments, commissions and other cash deductions.
The system issues 24 hour loans no credit check, bank rating, etc. To draw up a loan online, it is enough to have a passport, mobile phone and personal account on the company’s website. The account is linked to a card or a current account to which credit funds will be accrued in the future.
The system provides 24/7 support without the days off. If the borrower has questions concerning 24 hour loans, they can be easily solved by phone with the administrator of the web-site. You can also ask a question in the online chat, an employee of the company will give a detailed answer within 2-3 minutes.
It takes no more than 5 minutes to fill in a short questionnaire. The robot analyzes the data and sends the response to the applicant’s e-mail, the probability of fast approval is more than 90%.
Benefits of 24 hours loans fast and easy
1. Fast Is it difficult to get a loan? Payday loans online on the same day are like a dream come true. An employee who wants to borrow money will only have to provide the necessary information and scans or pictures of the documents. When all the necessary documents are provided, the loan should be available in minutes. The only catch here is that delays can happen when the bank will transfer money to your account. 2. Easy When applying for a payday loan, gone are the days of queuing at the bank just to get a loan 24 hours. You better make sure that you have all the necessary documents, because if you miss one you may return empty-handed. Thankfully, many online lenders offer a robust and easy way to obtain a loan for those days you need them most. In times of crisis, it is always good to know that there is a handy one-stop-shop place on the Internet where loans can be obtained. In a situation when bank details have been entered incorrectly, the loan will not push through but you can always reapply for another. A decisive cancellation of a loan can be done before the signing of the agreement. The borrower, however, will still have to pay but at least at a smaller interest rate. 3. For Any Purpose Whatever the reason may be, loans are very useful for days when salary is delayed or when it is simply not enough to cover an unexpected situation or emergency. But the loan can go beyond just covering for an emergency, it can also be used for something more festive like a wedding or when trying to buy a new piece of electronic equipment. Since we don’t typically perform major repairs to our houses every month, this is the kind of emergency that a payday loan can be used for. 4. Minimum of Documents The number of required documents for getting a payday loan is, fortunately, minimal. A typical borrower would have some of these documents already such as a government ID. So there is not really that much needed unless the lender will still require some more documents for further verification. But at least the borrowers don’t have to go around to procure the documents and they can receive their 24 hour loans fast and easy.
How to Choose a Payday Loan
- Determine how much you need and for how long. Even though the ability to get a online loan 24 hours has been made easy through online transactions, it is always a good practice for anyone not to abuse this ability. So before borrowing a loan, it is important to determine how much is really necessary and for how long. It is crucial to remember that the longer the term, the more you have to pay in the long run because of the interest. And remember that payday loans within 24 hours tend to have a higher interest rate than your usual loan that you can get from the bank. Some online lenders have built-in calculators on their websites that will allow potential borrowers to do the math so before borrowing make sure to use them. Play around with those calculators and experiment until you find the right parameters (amount and term) for the loan.
- Compare several online lenders. Once you have determined the amount you need to borrow and the amount of time you think you have before paying it back, now comes the next step of comparing different lenders. Payday loans with no credit check from different providers come in different flavors. Some can offer a low amount and others can be more generous at the cost of a higher interest rate. Read reviews about the online lender. Just like when deciding to buy a product or subscribe to a service, it is important to read and find out what others have to say about a particular bank or financial institution. Never skip this step. A first-hand account from previous customers holds a lot of value when it comes to decision making. Depending on how detailed the reviews are you can pretty much get an idea of how the lender operates.
- Check the license of the selected company. Look for a certificate. By certificate we mean something akin to a business license issued by the government or a Department of Trade and Industry (DTI) number. A lot of big-time companies in the Philippines, especially when money is involved, are likely to have their DTI numbers posted on their websites or in their commercials on TV or pretty much anywhere even on Youtube. By having this number, you can be assured that the company is at least legally allowed to operate. If you are still not satisfied you can call the DTI branch at your area to get further verification. For example, the SEC number CS201730459 is listed at the bottom of the Robocash web pages. (4)
- Read loan repayment terms. This is the step where you can’t rush your decisions just to get to that instant payday. Read the loan repayment terms and make sure you understand them correctly. One piece of advice when reading agreements is to read everything, even those words printed in very small letters. The devil is in the details, as the saying goes. Despite reading positive reviews about the company you chose, who knows if it operates differently now than it used to? If there are certain financial terms you don’t understand, ask a colleague down at accounting or call up the company to get further clarification. Go back to those reviews and ask the people who have borrowed in the past how about their experience. One of the things to look out for are hidden fees: make sure to study everything when it comes to those repayment terms as you won’t be surprised with some unforeseen payments.
- Take a loan and get the money. Once you have read the reviews and the loan repayment terms, it’s time to get that loan. Gather all the necessary documents, scan them, or take pictures of them so they are ready to upload upon filing. Stick to the amount and term you have decided upon and never allow yourself to be tempted to go beyond the amount and term you decided on earlier.
For what purposes you can take a 24 hour loans fast and easy
24 hour loans online no credit check at Robocash are issued for various consumer purposes: 1. Medical Emergencies Health problems always come at the wrong time, and it’s impossible to prepare for them. If you don’t have savings, you can cover medical expenses with a loan for medical treatment. For example, buy expensive medications or pay for a nurse’s care. 2. Paying Bills If you’re having temporary difficulties paying your bills, a personal loan can help. You can pay utility bills, Internet bills, and more. The main thing is not to do this every month! 3. Wedding Expenses A wedding is one of the most important events in a person’s life! But it is also one of the most expensive. You can borrow for your wedding to pay for the banquet, food, wedding clothes, and honeymoon with a wedding loan. 4. Vacation Expenses Go on the vacation of your dreams! Choose a beautiful place and relax in a luxury hotel. A vacation loan will allow you to rest properly and start work with fresh energy. 5. Payment for Education Not all families can provide their children with a decent education, because it takes a lot of money. There is a way out – an education loan. Your children will thank you! 6. Home improvements and renovation Finance your quality of life! Make improvements, and renovate your home, because you can use a loan to do so. 7. Debt consolidation You can use a personal 24 hour online loan to consolidate major loans, credit card or other types of debt. Debt consolidation loan is one of the most popular loan purposes among Filipinos. 8. Appliance purchases Allow yourself the appliances you’ve always dreamed of! You can get a phone loan or a TV loan, buy the best refrigerator, air conditioner, or tablet. Upgrade your gadgets and devices!
Of course, this is only a sample list of the most popular purposes, but in fact it does not matter how you want to spend the money. The robot issues a loan 24 hours a day to different categories of citizens: students, retired, employed and unemployed. The main thing in cooperation with the online system is to pay off the debt in time. Apply now Articles Sources
- Payday loan https://en.wikipedia.org/wiki/…
- DTI Philippines https://www.dti.gov.ph/
- Bureau of Internal Revenue Philippines https://www.bir.gov.ph/
- List of Financing Companies https://www.sec.gov.ph/lending/…
ErikRobocash is very efficient. The approval is quick as long as you accomplish the requirement. I am totally satisfied, thank you Robocash for the prompt assistance.5
ShariffaVery nice and friendly Customer Service. I borrowed 2x already and i never had a hard time. Just always remember to pay on time.5
JanineI think this is one of best apps in money lending. The term is longer and they have options. Loan amount is also acceptable. Very helpful for people in need. Keep it up!4
ErnestThe app is efficient and user-friendly. It generates results in just a few minutes. Not only the system is laudable, the staff and its workers are polite ,respectful and courteous. They really know how to treat their clients well and find ways how to ease the situation that this pandemic brings. Congratulations to this company! You deserve a five star commendation!5
AsherThe best online loan app. Low interest, friendly customer service and fast approval. It was my second time. Hope they will higher my limit amount loan. I'l keep my good record for this platform.5