PondoPeso by Fynamics Lending Inc. is in the top #2 in free finance of Google Play’s ranking. Medyo bago lang din tong PondoPeso App that was just released last year 2018 on May 20. Pero naka 1,000,000 plus downloads na ito.
Their service run through mobile internet security technology and big-data analysis innovation. With latest App version 184.108.40.206 that was just last updated on January 30, 2019.
We’ll take a review on this. Let us see.
2 Steps to get your loan in PondoPeso
- Downloand the App
Go to Google Playstore, search for PondoPeso then install the app. And get your way into starting your cash loans Philippines sure approval experience.
- Register and Get your loan
Register using your phone number, provide your identity information and then you will be verified so expect your loan decision within 30 minutes. Then, choose your way of disbursement.
What you need to know on PondoPeso:
- PondoPeso Requirements
After installing the PondoPeso app, they require to enter your mobile phone number to register. Using the phone number that you provide they will send a confirmation code. Then, enter the code to confirm.
They need to verify your true identity, so make sure you provide your real full name. As well as employment details like how much your salary.
They also require your selfie and as well as a picture of your ID. And also you need to provide people of reference for emergency contacts. You can only add contacts base on what’s in your phonebook.
- How much is the Loanable Amount
Based on the employment details that you provide you will know your credit score. Sa credit score mo nakabase kung magkano pwede mo maloan. Maximum loanable amount is 40,000 pesos. You can increase your credit limit if you have provided complete such details like personal information, job, authentication of ID’s and emergency contacts.
And you can also link your Facebook account and Gmail account for a higher credit limit. Sa iba pwede rin Shopee o Lazada account. It is based on what’s available account for certain apps you have on your phone. Binabasa ni PondoPeso datas and infos ng phone mo, for your information. Yes, they can read your contacts and find your accounts. PondoPeso app permissions may request access to your calendar, camera, contacts, location, SMS, storage and others such your network connections.
- PondoPeso Interest rates and fees
May service fee upfront na ede-deduct sa loan amount mo. Halimbawa, sa 4,000 pesos na loanable amount mo eh may 880 pesos para sa service fee. Net amount total received mo eh 3,120 pesos. In cases of overdues, you will also have to pay for an overdue fees.
- Loan Repayments
May 14 days ka to repay your loan. Meron din naman option na 21 days kaso system nila magdedicide nun. You can repay at 7/11, pwede din MLhuillier at Cebuana Lhuillier..
- Cash Disbursements
Cash disbursement is through bank account. Pwede din MLhuillier, Cebuana Lhuillier at Palawan Express. Or you can choose via Coins.ph .
Why PondoPeso is your kind of cash loans Philippines sure approval?
Why you should give it a try? This is what they said,
- Paperless loan experience
- Faster Approval
- Higher credit limits
- Safe and Confidential
- Service with quality
At least that’s it. Let’s continue on the review to find out more. Think before you click.
Most issues have been raised on their Customer Support, on how such valued customers got no updates and no response for their queries. Most probably such problems in terms of loan repayments, they got no updates if their payment has been received. What’s so bad is, such customers paid on time and even before due dates but the loan app status says overdue. Worst is they now get penalties. (Malala pa kasi may penalty na. Tsk.. tsk..! )
PondoPeso team replied with apologies and said their fixing their system.
Another thing on client’s complaints are on how rude their service is. To some, for 5 days overdue they will text everyone on your phonebook.
Just a point of view. Sa lahat ng pwedeng mag-trending sa mga comments, reactions, violent reactions, etc of users for loan apps eh eto talaga si customer service. (Hashtag LoanAppGoals) #LoanAppGoals. Eh kasi naman everybody is looking for that kind of attention. Aside from customer is always right, customer is always important also.
Think before you click.
And… before you leave — don’t miss this comprehensive guide on how to pick the best online cash loans!