I need 2000 PHP
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2000 20000
For 3 Months
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3 36

Easy Loans

We all live in a rapidly developing world of the newest technologies. An epoch of the Internet has changed a lot and made our life much easier. However, there are still a lot of people who prefer avoiding online technologies. Book a ticket online or buy it in a cash desk? Send an email or make a call? There are numerous examples of such choices. Same is about the easy loans. While some of prefer banks to take a loan, others rather use online lending services. It can’t be said which of these methods is more effective. However, each of them has pros and cons.

How to get a loan?

1

Indicate the amount and term

3

Fill out an online application

2

Choose the best offer

4

Get confirmation and money

Why us?

24/7 lending
No checking documents or income at any time of the day.
Convenient and easy
Choose the best offer and the way to receive money. Binixo will save you time looking for lenders on your own.
No commission
Binixo does not charge any fees. The selection of personal offers is free. We deal with trusted companies only.

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Also you can get loans
in other cities

Pros and cons of Banks

Pros and cons of Banks

To find out which of the methods of taking an easy loan is better, let’s compare them. Among the banks’ advantages are:

  • each bank complies to banking regulations;
  • each bank is regulated by the independent authorities;
  • you can take a larger loan amount at the bank.

Let’s check the disadvantages:

  • the stricter process of easy loan approval;
  • the term of verifying your application is longer;
  • more documents needed;
  • small and short-term loans are hard to get.

Note also that in a bank it’s more difficult to take an easy loan for unemployed in the Philippines.

online lenders

Pros and cons of online lenders

So we get the pros and cons of bank services. Let’s compare them with online lending platforms. Advantages of online platforms:

  • easy loan application;
  • requirements are not so strict;
  • small and short-term loans available;
  • sure approval term.

The drawbacks of online lenders are the following:

  • the maximal loan amount is lower than in a bank;
  • risk of hacking your data;
  • no regulatory authority.

It’s up to you what to choose when applying for an easyloan in the Philippines. Check all the pros and cons of each type and make your choice.

Business or personal loan

Business or personal loan?

Today you can find a wide range of offers to take the business and personal loans. These two types are completely different. How to find out which one fits better? Considering easy loans in the Philippines decide with the main purpose of the loan. If you need money to run a new business or to improve existing one – choose a business loan. For all other purposes, it is much more beneficial to take a personal loan. It may seem obvious but the correctly chosen best loan will save you from extra expenses and possible refuses.

3 rules for borrowers

3 rules for borrowers

When borrowing money, you need to follow some rules to get the approval. There are three main of them you should consider before making a choice:

  • Don’t take a business loan for your personal purposes. You will most likely be refused.
  • Always check the additional payments when taking an easy loan online;
  • In the emergency case, it’s recommended to take a personal loan.
personal loan

Pros and cons of a personal loan

If you are aimed at the personal loan, check its pros and cons prior to deciding. The advantages of this loan are:

  • Fixed interest rate;
  • You can borrow more than your credit card allows;
  • Flexible conditions;
  • You can decide about the desired term of repayment.

Disadvantages of the loan are the following:

  • Additional payments in many cases;
  • Comparably high interest rate.

In many cases, a personal loan is a great solution to a problem. Especially if this problem occurred unexpectedly. Also, some companies offer an easy loan without documents. Even if taking into account the cons, a personal loan is worth your attention in the most cases.

Binixo

Binixo. Entrust professionals.

Are you searching for an easy loan online in the Philippines? Have some questions about the application process? Binixo company is ready to help you take the loan and clarify all misunderstandings. Due to the high level of online frauds, it’s extremely important to choose the reliable company nowadays. Binixo’s reputation is proven by the hundreds of clients. We offer an easy loan application in the Philippines and will provide you with all the modern lending services.



General requirements for borrower:

Between 21 and 50 years old

A Filipino citizen with a valid home address in Philippines

Loan interest:

The conditions may vary depending on a lending company and active promotions. Short term loans usually have payment period up to 12 months in one payment of installments. The interest rate can be as low as 0%. Here is an example of one of the offers listed on binixo.ph:

Loan amount - Up to 25,000 PHP Personal Loan

Loan interest rate - (as low as) 1.5% a month

Loan Term - 3 months, 6 months, 9 months and up to 12 months

Processing Fee - 6% of loan amount

Notarial Fee – fixed Php 200 per loan account

For example, consider a 10,000 PHP loan which must be repaid after three month, plus 1.5% per months, plus a 6% processing fee. If the 600 PHP (6%) fee is considered, the monthly interest increases by 6% (600PHP/10,000), and the effective APR becomes approximately 138%. In other words, borrowing through this offer 10,000 PHP for 3 months you'll need to pay back 11,050 PHP.

CONSUMER ADVISORY: Binixo is a loan matching service. Upon application approval, a direct lender will require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email. We only work with direct lenders approved and certified by the financial regulator.

ASSOCIATED FEES: Loan terms, conditions and policies vary by lender and applicant qualifications. Not all applicants will be approved for their requested loan amounts or advertised interest rates. Loan repayment periods vary by lender and applicant qualifications also.

WARNING: Late or missed loan payments may be subject to increased fees and interest rates and can cause you serious money problems. Lenders may use collection services for non-payment of loans.

GENERAL REQUIREMENTS: Loans available to over - 21s only, subject to status. Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public.

REPRESENTATIVE EXAMPLE: You apply for PHP 20,000 and choose comfortable repayment over 6 month, your monthly payment will be only PHP 5,000 per month, so your total cost of the loan will be PHP 1,667 per month (APR = 143%). Refer to Terms & Conditions of a Lending Operator to understand the full product details.

**All applications will be subject to credit checks and affordability assessments in line with responsible lending.

***Once approved, your cash could be in your account in minutes. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.

****There are different companies on the market and some websites are operated by bad actors. Beware of scams! Binixo services are FREE. Never our employees or anyone associated with Binixo will require you to pay any fees.