What is Soscredit?
If you're looking for an easy way to borrow cash, Soscredit is just what you need as it is an independent broker with special terms and conditions. Soscredit is a quick loan application and same-day release of funds for Filipinos looking for cash. The application process is simple and takes a matter of seconds. Soscredit provides an easy and convenient way to borrow cash when you need it the most. Soscredit is a credit based loan service that is open for all Filipinos and is available for individuals and small businesses.
Soscredit loan, how does it work?
Soscredit loans are the easiest and fastest way to get a loan in the Philippines. In order to qualify for a loan with Soscredit, you only need to have a bank account and a valid ID. You'll have to pay a loan processing fee of 2.17% - or more, of your loan amount, but that's the only requirement. Furthermore, you don't need to provide collateral or pay any other fees. Once you've applied for a loan, you'll be able to start borrowing money in as fast as 24 hours. If your loan is approved, the money will be deposited into your account.
How much is the Soscredit loan?
Soscredit is an independent broker that provides small loans to those in need. It is an online platform that allows Filipinos to receive loans up to PHP 10,000 in just 24 hours.
Interest rate
The interest rates of Soscredit loans vary per loan amount and terms. For PHP 10,000 in 10-day term, the interest is PHP 2,170, while it’s PHP4,340 for 20-day, and PHP 6,510 for a 30-day term.
Is Soscredit legit? Is SEC Registered?
Unfortunately, there are no information that shows Soscredit is legit. It is also not registered to Securities and Exchange Commission.
How long does it take for the money to arrive?
Soscredit is a lending platform that provides Filipinos with the opportunity to get a loan in just 24 hours. To apply for a loan, download the application and fill out the online application.
Soscredit loan benefits
Soscredit is a unique loan provider that has many benefits for its borrowers. One of the perks is the fact that there is a same-day release funds for Filipinos. It is one of the rare loan providers that has that type of feature. Soscredit also has a fast application process. This makes it an easy option for borrowers who need to apply for a loan quickly. Another key benefit is that it is a lender-of-last-resort. This means that if the borrower is denied by their other options, Soscredit will provide the loan.
Soscredit loan application process
The application process for a Soscredit loan is fairly easy. Just download their app, fill out an online application form, and wait for Soscredit’s approval. Assuming that you’ve been approved, your funds will arrive shortly within the day.
Requirements
To be eligible for a Soscredit loan, you need a Government-issued ID that can be a passport, PhilHealth ID, TIN, License, PRC ID, Barangay ID, Barangay Clearance, etc. The online application form on their app is also a necessity when applying.
Loan calculator
Soscredit loan calculator allows its users to compare the best loans with the best interest rates to cover their needs. The Soscredit loan calculator is available on their online app.
How to pay Soscredit loan?
You can repay your loan proceeds online or offline. If you prefer offline, head to any of eligible pawnshops, Gcash stores, over-the-counter bank transactions, etc. For offline, the app provides the reimbursement process or you can go over online banking transactions.
What happens if I can’t pay?
In case you can’t repay, Soscredit will have to charge you a late payment fee as a penalty. You may also have to pay administration fees or so.
Soscredit app
Soscredit is a loan app that allows anyone in the Philippines to borrow money, as long as they can prove they're able to pay it back. The Soscredit app is a new way of borrowing and getting money, and it makes the process easy. By using the Soscredit app, you'll be able to borrow money, as well as get it back, quickly and efficiently. The loan process is fast, and you'll have the money in your account within a few hours.
Website
Soscredit doesn’t have a website. You can rely to their mobile application for more information.
Soscredit, customer service
If you have any concerns in regards with your loan, you can contact the following contract information of Soscredit.
Contact number
Unfortunately, Soscredit doesn’t have any contact number.
Email address
info@soscredit.ph.
Address
Latvia, Saldus, Liela iela 9, LV-3801.
Soscredit, reviews
Soscredit has been helping Filipinos get loans via a mobile app and is one of the fastest app to get a loan. Soscredit is a loan app that helps people have access to fast and same-day release of funds. It has been rated one of the best loan apps in the Philippines with a lot of people loving how it helps them get loans. The Soscredit app gives people access to loans for a wide variety of purposes. It is helpful for emergencies, home improvements and business loans.
One of the most important features of the app is that it is 100% online, which means that people can submit their application and get instant loan approval without having to wait for a loan officer. This is one of the main reasons why more people are starting to use the Soscredit app in the Philippines.
Have you used the Soscredit? Share your experience here.