Company name: IFun Lending Corp.
SEC Registration No. 2021090025243-01
Registered Business Name: MadaLoan
CERTIFICATE OF AUTHORITY NO.L-21-0061-15
Please review the loan terms and conditions on our website, or contact our customer service for more information:
Working hours: 8am-18pm (Monday to Saturday)
Global Phone: +639171438842
Address: Salcedo Avenue,Makati,Kalakhang Manila,NCR, Philippines
1. Product introduction
Loan amount: ₱ 1,500 - ₱ 8,000
Loan term: 120 days, 150 days or 210 days
Interest rate: The highest APR is 18.25% per year, 0.05%/day
Transaction fees: ₱20-₱130. The transaction fee is charged in advance by the transaction channel that borrowed successfully.
Service Fee: 0%
If you choose a loan limit of 6,000 pesos for a term of 120 days (4 months), the daily interest rate is 0.05%. The transaction fee is ₱20, the service fee and other fees are 0, then you need to pay:
Service fee: ₱6,000*0%=0,
Amount in hand: ₱6,000-₱20=₱5,970,
Total Interest Charge: ₱ 6,000 * 0.05% * 120= ₱ 360,
Interest payable monthly: ₱ 6,000 * 0.05% * 30 = ₱ 90,
Total repayment due (loan amount + total interest charges): ₱ 6,000 + ₱ 360 = ₱ 6,360,
Monthly bill payments including principal and interest are due: ₱ 6,360/4 = ₱ 1,590.
2. Who can apply for the loan?
Only for Filipinos aged 18 to 60.
A person with working ability
3. Platform introduction
Madaloan is a Credit Line and the latest online loan platform successfully registered with the Philippine SEC, providing Credit Line loan services. As the most popular online Credit Line loan app in the Philippines, Madaloan is a financial partner that provides Credit Line loans to salaried employees and self-employed.
4. Platform advantage
The main goal of Madaloan App is to help you with your financial problems by providing you with Credit Line loan solutions.
Credit Line loan services by utilizing the app. Get a loan easily and meet your financial needs with no stress and zero interest charges.
5. How do I repay the loan
You can pay at 7/11, Mluillier, Gcash, PAYMAYA and any bank near you (BPI, UBP).
Download our online loan app now and enjoy your financial freedom!