DIGIDO Loan App Philippines: A Comprehensive Review and Guide 2024
DIGIDO has established itself as a leading 24/7 online loan provider in the Philippines, offering a fast and accessible way for individuals to secure quick loans without burdensome paperwork. The platform has gained popularity for its streamlined application process, allowing borrowers to apply conveniently through their computers or mobile phones with just an internet connection.
Benefits of the DIGIDO Loan App
The DIGIDO loan app presents numerous advantages that cater to the financial needs of borrowers in the Philippines:
- Online Convenience: The entire loan application process, from registration to approval and disbursement, can be done online, providing convenience and saving time.
- 24/7 Availability: The app is accessible round-the-clock, ensuring borrowers can apply for loans whenever they need them, even on weekends and holidays.
- Minimal Requirements: Borrowers only need a valid government-issued ID to apply, eliminating the need for collateral, guarantors, or proof of income.
- Automated Approval System: The automated system ensures an objective and efficient loan approval process.
- High Approval Rate: With an approval rate exceeding 90%, DIGIDO offers ample opportunities for borrowers to secure financial assistance.
- Transparent Pricing: The platform is committed to transparency, with no hidden fees or upfront charges. Borrowers only pay the agreed-upon amount.
- Flexible Repayment Options: DIGIDO provides various repayment methods to suit individual preferences and financial situations.
- Data Confidentiality: Borrowers’ personal information and transactions are strictly confidential and protected.
Drawbacks of DIGIDO Loan
While DIGIDO offers a range of benefits, it is essential to consider some potential drawbacks:
- Loan Limit: The maximum loan amount might not be suitable for those requiring substantial capital or engaging in large-scale investments.
- Short Repayment Terms: Installment terms are relatively short, which could put financial pressure on borrowers.
- Higher Interest Rates: Interest rates might be higher than traditional loan services, particularly for borrowers with less-than-perfect credit histories.
DIGIDO Interest Rates
DIGIDO cash loans typically carry an average interest rate of 11.9% per month, with a maximum annual percentage rate (APR) of 143%. However, to attract and support new customers, DIGIDO offers a 0% interest rate on the first loan for a duration of 7 days. This introductory offer allows borrowers to experience the service risk-free.
DIGIDO Loan Requirements
To qualify for a DIGIDO loan, borrowers must meet the following requirements:
- Filipino citizenship
- Age between 21 and 70 years old
- Stable source of income with the ability to repay the loan
- Valid government-issued ID (e.g., ITR, COE, DTI, company ID)
How to Apply for a DIGIDO Loan
The DIGIDO loan application process is straightforward and can be completed in a few simple steps:
- Visit DIGIDO’s Website or App: Access the DIGIDO website or download the app from the respective app store.
- Select Loan Amount: Choose the desired loan amount.
- Enter Contact Information: Provide your phone number and agree to the terms and conditions.
- Confirm Phone Number and Agree to Terms: Verify your phone number with an OTP (one-time password) and agree to the terms.
- Register Personal Information: Fill in accurate personal details, including name, date of birth, email address, permanent address, ID information, job information, and references.
- Provide Bank Account or E-Wallet Information: Enter details for loan disbursement and repayment.
- Upload ID Photo: Upload a clear photo of your personal ID for verification.
- Wait for Approval and Disbursement: The system will automatically process your application, and upon approval, the loan amount will be disbursed to your registered bank account or e-wallet.
DIGIDO Loan Reviews
DIGIDO has received positive reviews from many borrowers, who appreciate its accessibility, speed, and convenience. Many users highlight the platform’s user-friendly interface, fast approval process, and reliable customer service.
DIGIDO Payment Options
DIGIDO offers various payment options for borrowers:
- Bank Transfer: Make payments directly to the provided bank account number.
- Online Banking: Utilize online banking services from major banks like Union Bank, BDO, BPI, China Bank, Maybank, Landbank, Metrobank, and PSBank.
- Cash Payments: Pay in cash at partner payment points such as 7-Eleven, ECPay, Robinsons, and Savemore.
- E-Wallets: Use Coins.ph or Cebuana Lhuillier for convenient payments.
DIGIDO Customer Service
DIGIDO provides reliable customer support through its hotline: (02) 8876-84-84. The company’s address is Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines 1109.
Frequently Asked Questions (FAQs)
Is DIGIDO Legit?
Yes, DIGIDO is a legitimate financial service operating legally in the Philippines. It is approved and regulated by the Securities and Exchange Commission (SEC) and the National Bank of the Philippines.
Is DIGIDO SEC Registered?
Yes, DIGIDO is SEC registered with SEC registration number CS202003056 and authority certificate number 1272.
Does DIGIDO Conduct Field Visits?
No, DIGIDO does not conduct field visits for due diligence. Loan approvals are based on credit history, personal information, and an automated approval system.
Conclusion
DIGIDO loan app offers a convenient and accessible solution for individuals in the Philippines seeking quick financial assistance. With its user-friendly platform, minimal requirements, and fast approval process, DIGIDO has become a popular choice among borrowers. While it’s crucial to consider the potential drawbacks, such as loan limits, short repayment terms, and higher interest rates, the platform’s benefits, including 24/7 availability, flexible repayment options, and transparent pricing, make it a viable option for those in need of urgent funds.
Information was edited by: Hifa.edu.vn
