Canara Business Partner Loan App, a peso-online lending platform licensed by the Philippine SEC, offers secure and fast online cash loans. Borrowing is straightforward: download the app, register with your phone number, and apply. Loan amounts range from ₱5,000 to ₱500,000, with repayment terms spanning 6 to 24 months. The annual percentage rate (APR) varies from 3.5% to 12%, with processing fees between 2.5% and 5%. A daily late fee of up to 0.1% (capped at 18% of the overdue principal) applies to late payments. Transparency is key – there are no hidden fees. Repayment is convenient via 7-Eleven, GCash, Coins.ph, or bank deposit. Contact RIALF Lending Corporation for further details.
Key benefits include:
- Secure Lending: SEC-licensed, ensuring safe loan services within the Philippines.
- Speed and Ease: Access funds quickly, with loan disbursement possible within 24 hours.
- Data Protection: Robust encryption safeguards user personal information, utilized solely for verification.
- Multiple Lenders: Access loans from various sources, including ML and RD Pawnshop, simplifying the process.
- Reliable Support: A dedicated customer service team provides assistance.
- Transparent Fees: All fees (APR, processing, late payment) are clearly disclosed upfront.
To qualify, applicants need an active phone number, valid government ID, verifiable income, and must be aged 20-49. Repayment options include 7-Eleven, GCash, Coins.ph, and bank transfers. RIALFE LENDING CORPORATION provides the app, with full registration and licensing details available.
