What is MoneyTree?
MoneyTree, from the name itself, provides money to people who are in need financially. It is an online financial lending company established in the Philippines in April of 2011. The company provides a fast and easy loan application process to every Filipino who wishes to elevate their financial status for more than a decade. MoneyTree has already built its legacy in the lending industry.
The goal of MoneyTree is to collaborate with clients and give them high levels of customer service that will result in the clients’ satisfaction. Not only are they satisfied, but also the financial worries are taken away. In short, MoneyTree provides funds quicker than others with “less fuss than having to visit a traditional shop front lender” as to what the company says.
How does a MoneyTree Quick Loan work?
Just like any other online lending company, MoneyTree mostly done its operations online, with the use of a computer or just a mobile phone. Interested clients are encouraged to visit MoneyTree’s official website https://www.moneytreequickloan.com/ to know more about their interesting loan offers. MoneyTree is owned by FreedomPeak Financial Management Consultancy.
The main feature of MoneyTree when it comes to loan products are categorized into four types: the Small Personal Loans which are funds granted for multi-purpose needs, The Emergency Loan for the unforeseen financial shortcomings, the Payday Loan to keep you in-check, the Cash Advance for extra funding to support miscellaneous expenses, and the Unsecured Loans.
How can I apply for a loan with MoneyTree?
When having financial troubles, MoneyTree is the company to see. Interested clients are welcome to visit the official website of MoneyTree https://www.moneytreequickloan.com/ . The fastest and easiest way to apply is by clicking the APPLY NOW button on their website. After clicking, proceed to completing the application process, you may need to provide some personal information to do the process. Don’t worry because the process will only take just a few minutes of your time, unlike going into long lines in a physical bank. The loan approval usually takes one to two days after the application. After being approved, you can get the money in your designated bank account.
Requirements
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Aged 21 and above
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2 valid IDs for the borrower and the co-maker of the loan
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Last 2 payment slip upon loan application
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Past 3 months bank statement upon loan application
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Proof of billing
Note: During the application process, they might need you to send documents for verification purposes and this as well is part of the requirements for the loan.
How much does MoneyTree loan?
The loanable amount for MoneyTree ranges from a minimum amount of Php2,000 up to Php10,000. This loan is payable for as early as fifteen days, and for as long as three months or one hundred eighty days.
Also, it might seem a little but it is wise to keep the amount small to avoid default payments on the part of the client.
Interest Rates
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0.3% interest rates per day
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10% interest rates depending on the loan terms
How to pay the MoneyTree loan?
Clients have their own unique payment terms which vary from weekly, bi-monthly, or monthly. Most of the MoneyTree clients prefer to pay their loan through direct deposit to the bank or payments made via PayMaya which is accessible through their app or any 7-Eleven kiosk nationwide.
Make it a habit to pay the loan repayment on or before the due date. Failure to pay upon the due date is subject to penalties and charges which is 10% of the amount due.
What can happen with a MoneyTree unpaid loan?
Unpaid loans or default payments are subject to penalties and charges of about 10% of the amount due. Also, this will reflect a bad credit history on the account, making it harder to borrow the second time around.
Is MoneyTree SEC registered? Is it legit?
The obvious answer is yes, MoneyTree is legit. MoneyTree is registered with the Securities and Exchange Commission. No company running for like a decade now can operate that long without proper permits and registration with the Philippine government.
The company registered name under the Securities and Exchange Commission is MoneyTree International Finance Corp., with a Registration No. CS201127632 and the Certificate of Authority No. 1031. With these, we can conclude that MoneyTree is an authentic company and that your information is in a safe place.
MoneyTree App
Unfortunately, there are no existing MoneyTree application. But, attracted clients can reach then through their official website https://www.moneytreequickloan.com/ or through their official Facebook page https://www.facebook.com/moneytree.ph/ to know more about their interesting loan products.
MoneyTree Customer Service
Nothing beats good customer service. MoneyTree is known to be one of the most attractive customer service which makes clients satisfied. The following channels can be used to reach with MoneyTree’s customer service team:
Phone Number:
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(+63) 908 896 2036
Email Address:
Another way to contact them is through their official website https://www.moneytreequickloan.com/contact/ where you can freely raise your concerns about their services to make room for improvements.
MoneyTree Complaints
It is unavoidable for any company to receive constructive criticism from its clients so they may have the opportunity to improve their wrongdoings. Here are some feedbacks coming from their clients:
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The company once received a cease-and-desist order issued by the SEC. Hence, the issue has been resolved and the company is still in operation.
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They make it harder for borrowers with bad credit scores to apply for a loan renewal.
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Clients are having some loan repayment issues and the interest rates are quite high according to first time borrowers.
MoneyTree Reviews
Here are some reasons why you should consider doing business with MoneyTree when the need arises in the future. You will be convinced because of how honest clients give reviews:
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They did not regret it for a second for applying loans with MoneyTree. The company is very dependable and exceedingly recommended for other clients.
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MoneyTree has truly helped us in a sense that clients can’t put it into words. The clients are very pleased with the service provided.
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The loan process is very efficient and timesaving because it can be done online.
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The company offers great loan products that have strong attention to the needs of the clients.
Have you used the MoneyTree loan app? Share your experience here.