What is Funpera?
Funpera is an online lending app operated by DF Credit Lending Corporation. With its mobile app, Philippine online loans are now more accessible than ever before. This financial platform provides users with a fast and easy way to obtain short-term loans without the need for collateral or a long list of documentary requirements.
The loan provided by Funpera is suitable for people who need some quick cash but don't have access to a traditional bank or are not eligible to get a loan from big lending institutions. Plus, the app is incredibly convenient, so you can use it anytime and anywhere and get approved for a loan to cover food, medical expenses, tuition fees, medical emergencies, debt payment, or unexpected expenses.
Funpera loan, how does it work?
If you're looking for a way to get your finances in order, a Funpera loan might be the perfect solution. This type of online loan app allows people to borrow money with no credit checks and minimal documentary requirements.
Simply fill out an application, provide some documentation, and wait for approval. Funpera will evaluate your application and if things check out, they will approve the loan and disburse the money within minutes.
Once you have borrowed the money you need, simply repay the loan in monthly payments. Funpera loans are convenient, affordable, and easy to use, making them the perfect option for anyone looking for quick financial relief.
Funpera offers a convenient installment payment with a maximum annual interest rate of 42%. It also charges a service fee ranging from 0.75% to 1% per day, depending on the loan amount. The loan term is 91 to 120 days. However, new borrowers may only be given a minimum loan amount that is due for payment within 10 days.
How much does Funpera loan?
Through the Funpera app, users can borrow up to PHP20,000, which can be used for a variety of purposes, such as paying bills, grocery shopping, or starting a business. Keep in mind that if you’re a first-time borrower, you may not be offered the maximum loan amount right away. However, as you build your credit history with Funpera, you can get higher loan amounts on subsequent applications, until you reach the maximum credit limit.
Is Funpera legit? Is SEC Registered?
Yes. Funpera is a legit online loan app owned and operated by DF Credit Lending Corporation. The company was registered with the Securities and Exchange Commission (SEC) on February 19, 2020.
Being registered with the SEC in the Philippines is important as it demonstrates that the company is following all of the necessary regulations to ensure that it is operating responsibly and upholding good business practices.
When looking for a personal loan, the first place to turn might be your bank. However, if you don’t want the hassle of dealing with banks or you just want to take on a smaller loan, then you should consider using an online loan app like Funpera.
Here are some benefits of availing a personal loan from Funpera:
Funpera has streamlined the loan application process so you can get your money quickly—10 to 20 minutes upon approval.
The loans are processed quickly because of systematic data authentication.
Funpera requires minimal documentary requirements.
Loans are unsecured, meaning there’s no need for a collateral.
Funpera is transparent with their interest rates and service fees. No hidden charges.
Easy repayment system through authorized payment channels.
The app can be used anytime, anywhere as long as there’s internet connection.
How to apply for the Funpera loan?
To apply for a Funpera personal loan, you must first download the Funpera online loan app from the Google Play Store. Once the app is installed on your smartphone, register an account using your phone number. Provide the necessary personal information, including emergency contact. Fill out the Funpera online application form. Funpera will notify you via a call or a text message once your loan is approved.
Must be a Filipino citizen
Must be at least 18 years old
Must have a regular source of income
Must have a valid mobile or landline number
Must have one (1) valid government-issued ID
Submitting additional supporting documents will increase the chance of approval and getting a higher starting loan amount.
How to pay the Funpera loan?
You can pay your loan through authorized payment partners through online, mobile, or over-the-counter channels:
Robinson’s Department Store Payment Center
SM Department Store Payment Counters
What happens if you can't pay?
If you can't pay back your Funpera loan, there are a few things that can happen. First, you could face penalties from the lender. This could mean late fees, higher interest rates, and additional charges. Second, Funpera agents or third-party collectors will continue to contact you until you pay. The aggressive collection methods may cause stressful moments, so you should be able to manage it. Third, Funpera may take legal action against you.
If you are struggling to pay your loan, reach out to Funpera and you may be able to negotiate a repayment plan with the lender.
Funpera log in steps:
Download the Funpera app from the Google Play Store. It’s not currently available in the Apple App Store, so the app will not work on the iPhone.
Register an account using your mobile phone. Wait for the OTP and enter the code to access the app.
You will be prompted to provide your personal information, source of income, and other required information, including ID and supporting documents which you can upload to the app.
Submit and wait for approval.
Android Packages (APKs) are easily tampered with, which could allow malicious actors to gain access to user data or financial information. Since it bypasses the Google App store security check, APK can be used by unauthorized individuals to track or access the personal information of users. These factors make Funpera APK a less safe option. So, make sure to download the app from the Google App Store.
If you want to know more about the Funpera loan application process, visit the Funpera website at https://funpera.com/ .
Funpera, customer service
Funpera currently has no hotline number, but they can be contacted through their e-mail at email@example.com .
Overall, Funpera is an easy-to-use online loan app with many convenient features. If you need a quick cash infusion for unexpected expenses, Funpera is one of the many options available to you. However, you will find that many Funpera reviews complain about the high interest rate and the service fee, so borrowers end up with little cash left because of the deductions. Another complaint is the aggressive tactics they employ when collecting payments. Just keep these things in mind when applying for a loan application with Funpera.
Have you used the Funpera loan app? Share your experience here.