What is Fundspace Philippines?
There are many lending options available to Filipinos, like credit cards, installment loans, home loans, and personal loans. Each has their own set of benefits and drawbacks. Credit cards are useful because they allow you to use your credit limits as you need. However, they also require you to pay back the credit card company before you can use it again.
On the other hand, installment loans allow you to pay back at a fixed rate of interest. However, this option is more expensive, and you must make a minimum payment each month. Any of which, it is important to find the best option for you and your lifestyle.
Fundspace Philippines is a financial management platform that offers multiple financing options to individuals and businesses in the Philippines. It helps people save money and increase their income.
What makes it different from other financial services is that Fundspace Philippines gives Filipinos the opportunity to borrow, invest and save in a way that makes it easier and more affordable for them. Fundspace Philippines believes in empowering people to improve their lives, and they do so by combining technology and social change.
Fundspace Loan, how does it work?
Fundspace Philippines loans are among the easiest loans to get in the Philippines. With Fundspace, you can borrow from PHP 51,000 - PHP 50,000,000 with no collateral and an easy repayment plan. They offer loans for borrowers of all types, from students needing loans for school to business owners who want to expand their business.
To get a loan, just go to the website of the company, submit an application, wait for approval, and get your money through bank or physical payout.
Interest rate
The interest rates available with Fundspace Philippines can go between 2% – 3.5% monthly. This is considered higher than the average, particularly bank loans.
Is Fundspace legit?
Yes, Fundspace is a legit lending company that offers loans to Filipinos in need to get out of financial bind.
How much is the Fundspace loan?
The minimum loan amount available with Fundspace Philippines is PHP 51,000 and the maximum loan amount is PHP 50,000,000.
Is Fundspace SEC registered?
No, Fundspace Philippines is not on the list of financing companies with certificate of authority from Securities and Exchange Commission.
Fundspace loan benefits
Businesses often have the option to finance their purchases of new equipment, inventory, or materials with a bank loan, a line of credit, or a lease. These financing options offer a number of advantages such as lower interest rates, quick turnaround of funds, and the ability to defer interest payments. However, these advantages are not without their potential drawbacks.
If you’ve been thinking of starting a business, it’s also a wise idea to take out a loan, as it will help you expand your business, build your brand and fund your startup. Fundspace allows you to borrow money through a loan, with a competitive interest rate. It’s a convenient, fast, and affordable way to borrow money to fund your business.
With the right loan, Fundspace Philippines has the ability to help people in financial trouble. But, there are a few things you should know before you borrow money. For starters, you should always be sure to understand what you’re getting into. The loans aren’t for everyone.
Fundspace loan, how to apply?
According to the website of Fundspace , here’s how you can apply for the loan:
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Go to fundspace.ph
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Enter your desired loan amount, terms, and type of business entity
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Select a partner lender
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Fill out the form and upload all the needed requirements
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Submit your application
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Wait for the approval of your application
Requirements
Based on the website, here are FundSpace’s general requirements for loan applications:
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Tax Identification Number (TIN)
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Primary Government-Issued ID
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Latest 3 Months Bank Statements
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Mayor’s Permit
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Barangay Business Clearance
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Proof of Billing for Residence & Business
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Accomplished Online Form
Fundspace loan, how to pay?
According to Fundspace Philippines, you can only repay your loan through Auto Debit Arrangement (ADA), Gcash, or Post Dated Check (PDCs).
What happens if you can't pay?
There are some consequences if you happen to not be able to pay your loan such as hefty fees and large late payment penalties. Contact Fundspace immediately so they can work out on the best repayment procedure upon your situation.
Fundspace, customer service
In case you have any questions, concerns, or problem with your loan, feel free to contact any of the following contact information to address it.
Fundspace loan, complaints
Fundspace is a lending platform that helps small businesses by providing funding and a range of products, including loans, leases, and lines of credit. They have recently been experiencing some difficulties with the approval process. This post is an attempt to address some of the complaints they have received, and to help those looking for a way to fund their business to find a solution.
One of the complaints that has been brought up is that Fundspace takes a long time to approve loans and it could be almost a month before the loan is approved.
Fundspace loan, reviews
Fundspace is the most loved loan company in the Philippines. It makes a loan available for those who are in need and those who need a little more help. The company has a lot of satisfied clients who give them a high rating. Some people worry about the fairness of the Fundspace Philippines loans in terms of their approval process. However, the company has very few complaints.
Have you used the Fundspace loan? Share your experience here.