DiskarTech: Your One-Stop For Everything Digital

A lot of things have changed since the pandemic started. To minimize the possibility of getting exposed to the coronavirus, more and more businesses and various institutions are bringing their products and services in the digital world.

In fact, digital banking is on the rise; thus making it easier and more convenient for people to transfer money from one bank to another, pay bills, and do online shopping among others.

In line with this trend, RCBC launched DiskarTech, the bank’s latest online platform aimed to target millions of unbanked Filipinos.

Getting To Know DiskarTech 

DiskarTech is the Philippines’ first “all-in-one Taglish inclusion super app.” Its primary purpose is to provide, among others, banking services for unbanked and underserved Filipinos, especially those in the grassroots communities.

Since the app is in Taglish, it will be easier for ordinary Filipinos to understand banking and financial terms. This will erase confusion and feeling of intimidation since people can easily understand the language.

More importantly, it is fully supported and commended by various government agencies including the Bangko Sentral ng Pilipinas and Department of Trade and Industry.

Features And Services

  • Opening of deposit account, which does not require an initial amount or maintaining balance. This is easier and more convenient because it requires one-time registration via electronic know-your-customer (eKYC) digital process.
  • Deposit and withdrawal facility in real time from partner channels like Bayad Center and 7-Eleven
  • E-load
  • Bills payment
  • Fund transfer
  • QR code transfer
  • Payment of government fees / membership
  • Telemedicine
  • Loan and insurance application
  • Additional income through its referral program where you can earn up to P30,000


  • Filipino citizen
  • At least 18 years old and above
  • Government-issued ID such as driver’s license, passport, UMID, SSS ID, Postal ID, PRC ID

How to Register:

  1. Download the DiskarTech app in Google Play Store (Android users) or Apple Store (iPhone users).
  2. Launch the app and then click Gumawa ng Account to register.
  3. Input your username and mobile number. A one-time code will be sent so make sure to input it.
  4. Set your password to finish registration.

You might also be asked to set your goals. This is optional, although goal setting could help you focused and more serious when it comes to saving.

It is also recommended to upgrade your account. This allows you to enjoy up to 3.25 percent per annum, which is higher than most banks’ less than one percent. To upgrade, you will be asked to fill out several information about yourself such as name, email address, and address among others.

Why download DiskarTech? 

Digital banking is on the rise these days. In fact, it makes our lives easier and more convenient since we could do transactions with just a few clicks and without leaving the house. To do digital banking, one must have a bank account first. To have a bank account, you need to submit a lot of documents.

This is why DiskarTech is reaching out. It aims to help millions of Filipinos who do not have access to what banks offer. This includes the working class from C, D, and E income segments who are often not given priority. This will also benefit micro, small, and medium enterprises, including sari-sari store owners and market vendors.

This will help “level the playing field” by giving the underbanked opportunities for financial growth. For RCBC, financial inclusion is a must and no one must be left behind.

Apply For A Personal Loan With Asteria Lending

The online world is active these days. Because of the ongoing threat of coronavirus, more people are still opting to stay at home to keep their families safe. This could also mean more people are going online and doing what needs to be done in the digital world. This includes lending.

You know Tala and Loan Ranger among others and read about both good and bad. If you’re looking for a new partner, then you might want to consider Asteria Lending.

Who is Asteria Lending?

Asteria Lending Co. is a Makati-based company that provides personal loans to Filipinos. Its goal is to be able to provide online and hassle-free financial service to new and existing clients.

You can borrow up to P20,000 and payable up to 90 days in equal installments. For first time borrowers, Asteria limited it to maximum of P10,000.

As of this writing, Asteria Lending offers:

  • Personal Loan, which is ideal for quick funding of personal finances such as medical emergencies, education, and travel.
  • Salary Loan for quick funding before pay check arrives

Why Asteria Lending?

  • They offer the best rate at 0.9 percent per day
  • Longer term duration of up to 90 days
  • 24-hour approval
  • Real time disbursement of funds to your account


  • Filipino citizen
  • Residing in Metro Manila, Pampanga, Batangas, or other nearby cities
  • Must be at least 21 years old at the time of application and not more than 60 by the end of the loan term
  • Government-issued ID, preferably driver’s license, UMID, TIN, and Philhealth
  • Bank account under the borrower’s name
  • Borrower must be employed and with minimum gross salary of P10,000 per month

How To Apply For A Personal Loan:

  1. Visit the Asteria Lending website or click this link.
  2. Navigate the loan calculator and then click Apply Now.
  3. Create an account by filling out the online application form. Make sure you also upload the necessary documents. This will help Asteria Lending representatives to verify your identity as a borrower
  4. Wait for Asteria Lending’s approval. Usually, this will take 24 hours (or less), depending on the volume of applications.
  5. Asteria Lending will notify you once approved through the email address or mobile number you used during registration. If approved, loan amount will also be immediately sent to your bank account.

As soon as the amount is credited to your bank account, you can now use the money for your personal needs.

Tips To Remember Before You Borrow From Asteria Lending

  • Make sure that you upload the required documents and fill out the information needed. This will make it easier and faster for Asteria Lending representatives to evaluate your loan application.
  • Take note of the repayment terms. Asteria Lending will send you the repayment schedule as well as instructions. You can pay through DragonPay payment facilities, which are available in 7-Eleven, SM Payment Centers, LBC, Cebuana, Robinson’s Payment Centers, and Bayad Centers.
  • Apply for the amount you only need. Aiming for the maximum amount won’t help if you cannot pay it on time. Asteria imposes late payment charges and 1 percent per day penalty fee if you are unable to pay on time. This could affect your chances of getting approved for a higher amount as well.

Asteria Lending might be the partner you’re looking for especially in times of need. Give this a try and leave comments below to share your experience with them.

Get An Installment Plan For Your Lazada Purchases With Pera247

Online shopping is in these days. It is fast, convenient, and most importantly, you’re just at home. With the situation now where going out is risky, you can buy everything you need with just several clicks.

One of the popular online shopping platforms today is Lazada. Because of its popularity, it offered several payment options including installment or the Buy Now, Pay Later scheme.

Lazada partnered with several fin-tech platforms to cater to this growing need. One of them is Pera247.

Who is Pera247?

Pera247 Lending Corporation is a duly-registered digital lending company in the country that is powered by Asia Kredit. It is also registered with the SEC.

On the other hand, Asia Kredit is an international tech-based financial services firm that offers fast and convenient credit services to millions of people in Southeast Asia.

Pera247’s vision is to help unbanked individuals gain access to formal credit. At the same time, the company aims to help people become more educated on financial management, which could pave way to improved standard of living.

Likewise, Pera247 is committed to fairness, transparency, convenience, speed, respect, and financial education.

Pera247 offers the following products:

  • InstaLoan – This lets you borrow up to P15,000 and payable up to 90 days
  • AffordaLoan – You can avail of this if you need a bigger loan amount. You can borrow up to P30,000 and pay up to six months.
  • eShopaLoan – This product allows you to shop at Pera247’s partner merchants and pay in installment basis.

For purposes of this post, we will focus on eShopaLOAN.

Quick Review Of eShopaLOAN

This product is offered as Pera247’s online sales finance facility with zero interest rate and longer loan term. Through this facility, you can borrow between P5,000 and P50,000 and payable in six equal monthly installments, similar to how credit card works.

You can also shop for multiple products and let this product pay for your purchases. When approved, you need to avail of this within 72 hours otherwise, your loan will be automatically cancelled.

Don’t get too excited because you need to make a downpayment anywhere between P5,000 and P10,000.

Take note that there is also a processing fee of P2,500.00. Payment options include Bayad Center, 7-Eleven CLiqq kiosks, Cebuana Lhuillier, online transfer through BDO and BPI.

Requirements for eShopaLOAN:

  • Completely filled out application form
  • Valid government-issued ID
  • Selfie, which will be uploaded in the app

How To Apply For Pera247’s eShopaLOAN:

  1. Visit the Lazada website or app and do your usual online shopping.
  2. Upon checkout, make a screenshot of the total amount of items you plan to buy plus the shipping rate.
  3. Download the Pera247 app. Unfortunately, the app is only available in Google Play Store for Android users.
  4. Once you downloaded the app, apply for eShopaLOAN.
  5. Fill out the online application form and loan terms. Make sure to answer all the questions and don’t forget to upload your valid ID and selfie. These two requirements will help verify your identity as a borrower. Also, apply for the amount that you only need. As much as possible, do not go beyond what is on your cart.
  6. Once approved, make sure to upload the screenshot of your (1) Lazada wallet with sufficient credits required for the downpayment; (2) cash-in request; and (3) item/s in Lazada cart.
  7. It will take few minutes and then, you will see that your Lazada Wallet will be funded. You can now use this to pay for your purchases.

Thereafter, wait for the items to be delivered in your doorstep. You also have six months to pay for your Lazada purchases.

Give Pera247 a try, yes?

Get Your Cash In A Flash With PeraJet

In this challenging times, it is always helpful to find a partner who could assist you with your financial needs. Apparently, not everyone is willing to extend a helping hand, especially if you have no bank account or with poor credit.

The good news is there are many online cash lenders that can extend financial assistance with minimal requirements. The bad news is which among them should you trust?

In that case, consider PeraJet. 

Who is PeraJet? 

PeraJet is a Filipino fin-tech company that specializes in lending. Registered with the SEC in 2016 and in operation since 2018, PeraJet aims to offer fast and short-term micro-finance services in the Philippine market, particularly Metro Manila.

It offers up to P5,000 cash loan and with a repayment term of up to six months.

Why trust PeraJet? 

  • Registered and supervised by the Securities and Exchange Commission
  • Simple, uncomplicated application procedure
  • Online loan application with approval within 24 hours
  • No hidden or additional fees to be imposed
  • Easy to understand Loan Agreement sans the fine print
  • Several loan repayment options including Union Bank, East West Bank, GCash, Coins.ph, UCPB, and ECPay partner establishments (7/11, Tambunting)


  • Filipino citizen
  • At least 20 years of age or older at the time of the application
  • Lives anywhere in Metro Manila
  • Must be employed and able to submit proof of employment such as Certificate of Employment, latest payslip, or other documents that shows you have a steady source of income
  • Borrower must have a bank account
  • Has no overdue loans

How To Apply For A Cash Loan With PeraJet:

  1. Visit the PeraJet website. You can also access it here.
  2. Using the online calculator, navigate how much money you need as well the number of installments you plan to make. Then click Apply Now. 
  3. Fill out the online application form. Then click Next. 
  4. You will receive a SMS or email regarding the status of your loan application. PeraJet ensures 24-hour processing but this may take longer, depending on the volume of applications they receive on that day.
  5. If approved, then you will be asked to go to PeraJet kiosk at 30 Meralco Avenue, Pasig City between 12noon to 8pm. Make sure you bring your original employment documents as well as two valid IDs, preferably government-issued IDs.
  6. Sign the contract.
  7. Wait for the cash to be credited to your account.

PeraJet and Lazada

Did you know that you can pay for your Lazada purchases using PeraJet? You can also be pre-approved in two minutes so you could enjoy shopping.

Before you apply, make sure you have the following documents:

  • Two IDs, with one ID preferably issued by the government
  • Current proof of billing
  • Latest payslip
  • Selfie with your ID
  • Print-screen of your Lazada checkout
  • Activated Lazada wallet

After you prepare these requirements, here’s how to apply:

  1. Start by clicking this link.
  2. Fill out the details of the online calculator then click Apply Now. Lazada will pre-approve your application and will notify you regarding your status within two minutes. Make sure you check your Lazada-registered email address or mobile phone for update.
  3. If approved, then completely fill out the online application form.
  4. Accept the terms. Take note that this is needed.
  5. Wait for the amount to be credited to your Lazada wallet. You can now use this upon checkout.

Tips to Remember When Applying With PeraJet:

  • Make sure you use the online calculator on their website. This will give you an idea on how much you will pay given the loan amount and loan term.
  • Prepare all the required documents. This will make application faster as well.
  • Pay off your existing loans. Overdue loans will have a negative impact on your application.

PeraJet is among the many platforms available to Filipino consumers. Try this and see how it goes.

Online Cash Lenders: Bridging The Gap To Help Ordinary Filipinos In The Time Of Pandemic

Admit it. You never thought that once in your life, you will experience an unprecedented event such as this. All of a sudden, millions of Filipinos, both here and abroad, were forced to stay at home due to strict lockdown measures. Everything else is disrupted, too – your job, proper cashflow, and your normal, daily life.

Because of this pandemic, thousands of Filipinos are on their knees. There are a lot of uncertainties as well since no one knows when this will end or if the situation will get better anytime soon despite the strict quarantine protocols.

The good news is business doesn’t stop for online cash lenders. In fact, some were “business as usual” to give thousands of unbanked Filipinos access to credit.

Here’s how online cash lenders are adjusting:

  • Online lenders are open for business, although for a limited work schedule, to address people’s financial needs.
  • Updated application process to make application easier and more convenient. However, this could affect the 24-hour turnaround time promised by most lenders.
  • Loan payments are easier through GCash, Coins.ph, or online bank transfer among others.
  • Allow rescheduling of payments without incurring any fees.
  • Pursuant to Bayanihan Heal As One Act, a 30-day grace period was given for loans that fell during the enhanced community quarantine.
  • Consequently, penalty fees were waived as well as long as loans will be paid within the given period.

On Bridging The Gap And Providing Credit To Filipinos

The reality is there are thousands of Filipinos who remain unbanked or those who have no bank accounts. Some will also be unable to borrow due to poor credit score. This could be a problem especially in times of emergency and you need access to cash – now.

Thankfully, online cash lenders were there to help – and they do so by making loan application easier and more accessible. 

Most online cash lenders allow you to borrow between P1,000 and P30,000, although there are few who would lend higher amount. This loan is payable within a week or up to three months.

You can use the amount for almost anything but during this challenging time, we recommend that you borrow for the following purpose/s:

  • Pay or update loan amortizations
  • Purchase inventory
  • Additional working capital to jumpstart your existing business
  • New working capital to start a business
  • Additional spending power in case of delay in salary or job loss

That being said, here are some reminders when borrowing money from online cash lenders:

  • Choose your lender wisely. Online cash lending is popular these days. This results to proliferation of fly-by-night lenders, which the SEC and BSP warn the public about. Before you apply, do your research first. Use the loan calculator in the lender’s website to give you an idea on how much each lender will spend for a particular amount. This will give you an idea on the loan duration as well.
  • Submit all requirements. This is a must. Despite making services accessible to you, lenders need to ensure that they will be paid at the end of the day. Prepare documents like payslips, certificate of employment, proof of billing, and government-issued ID. Each lender’s requirements vary but so far, these are the essentials you need to prepare.
  • Cash-in / Cash-out method. Choose a method that is most accessible to you. Options include 7/11, remittance centers, Coins.ph, or online bank transfer.

Online cash lenders will make borrowing easier, but this doesn’t mean you should do this anytime you want. This is a difficult time for everyone, so make sure you borrow only when needed and use your money wisely.

Pay Your Lazada Purchases Later With Paylater

Admit it. With what is happening in the world today, you can’t help but stay at home to protect yourself against tons of viruses. Unfortunately, there are things that need to be done and items you need to buy for you and your family.

Good thing there’s Lazada. It offers a wide-range of items for your personal and family’s needs.

But what if you don’t have extra cash to spare? Not to worry because Lazada partnered with several online cash lenders to help customers like you pay for your purchased items in an installment basis. The best part is that you don’t need a credit card for that.

One of these partner lenders is Paylater. 

Keep reading to know more about Paylater, plus a step-by-step procedure on how to apply for a loan with this merchant.

Who is Paylater? 

Most of Lazada’s partner lenders have other products aside from their Buy Now, Pay Later scheme. Paylater is different. In fact, it is specifically designed to provide online loan facility wherein the proceeds will be directly credited to your Lazada e-wallet.

The good thing about this facility is that it is easy to use and straightforward.

Why Paylater? 

  • Specifically dedicated to Lazada
  • You can borrow up to 10,000 Lazada wallet credits
  • Convenient way to shop since the amount will be credited directly on your e-wallet.
  • Payable within 15 days to maximum of two months.

How to Apply with Paylater

Step 1: Visit the Paylater website. You may also click this link.

Step 2: On the homepage, enter your mobile number and email address registered with Lazada. Click the drop-down button to choose how much you need to borrow.

Step 3: On the next window, assign your Paylater password. Then tick the box indicating that you read and accepted Paylater’s Terms and Conditions and Data Privacy Policy. Click Agree and Continue. 

Step 4: Enter the six-digit verification code sent in your email and mobile number. Then click Verify Account.

Step 5: Once you verified your account, submit the required information and upload the necessary documents. This helps Paylater representatives verify your identity as a borrower.

Step 6: Wait for your approval. Once approved, the amount will be credited to your Lazada e-wallet. Then, you can start your online shopping.

Tips to Remember When Applying for Paylater:

  • Make sure you already have a Lazada account. If none, then sign up with a Lazada and then apply for a loan with Paylater.
  • Provide the necessary information needed. Keep in mind that Paylater representatives need to verify your identity so they could check if you are capable to pay.
  • Only borrow what you need. As much as you want to shop, there are interests and other fees that comes with it. Make sure you can pay for those expenses as well.

Are you ready to go shopping?

Get To Know Atome, Your Newest Lazada Shopping Partner

There will come a time when you suddenly need a new phone or items that you can only buy overseas. You might also want to take advantage of online sales because who doesn’t want Buy 1, Take 1 on diapers, right?

Here’s the issue: money. Even if you need something, you can’t readily buy it if you don’t have sufficient funds.

Lucky for you, there are platforms that allows you to borrow money and credit the amount to your Lazada wallet. This includes Atome. 

Stick around and learn everything you need to know about this online cash lender, including how to apply for a loan to cover for your Lazada purchases.

Who is Atome? 

Atome is among the many online cash loan providers in the market today. Its aim is to improve financial inclusion in the Philippines, thereby giving access to products and services to thousands of unbanked Filipinos.

Its primary mission is to maximize the use of technology, through the use of data-driven, human-centered technologies, to be able to create accessible financial services to many Filipinos.

Aside from cash loans, it also offers shopping installment products.

Atome is registered with the SEC under NeuronCredit Financing Company Inc. It is a subsidiary of NeuronCredit Pte Ltd from Singapore.

Why Atome? 

  • One of Lazada’s loan partners with fastest approval. According to reviews, you could get an approval within one hour or even less.

How to Apply for a Loan:

Step 1: Download the app from Google Play Store. As of this writing, Atome is available to Android users only.

Step 2: Open the app and click Register / Login. 

Step 3: Register your mobile number. A four-digit confirmation code will be sent to your number. Then, input the code.

Step 4: On the main page, click Cash and then, click Claim Now. 

Step 5: Use the plus and minues keys to input the amount you wish to borrow. For first-time borrowers, you are only limited to maximum of P2,000 with a repayment plan of 14 days. To increase your credit limit, make sure you pay your loan in full and on time.

Step 6: Choose the ID you want to register. Atome allows UMID, SSS, Voter’s ID, Passport, Driver’s License, PRC ID, and TIN ID. Then click Next.

Step 7: Take a photo of your ID. Make sure that the photo is clear and readable. This increases your chances of approval as well.

Step 8: Fill out the registration form. It is important that you provide truthful information about yourself.

Step 9: Take a clear photo of yourself with your ID. This is important because Atome representatives need to know that the applicant actually exists.

Step 10: Set your loan amount and duration.

Step 11: Choose your preferred disbursement channel. Atome allows bank transfer and pick up at Cebuana branches. Since you will be using the money to pay for Lazada purchases, choose the Buy Now, Pay Later method wherein the amount will be topped up to your Lazada e-wallet.

Tips to Remember When Applying for a Loan with Atome: 

  • Activate your Lazada e-wallet. This is where the approved loan amount will be credited.
  • Only apply for a loan when needed.
  • Make sure to pay your loan on time and in full.
  • The mobile number you used to register with Atome must be similar to the ones you have with Lazada.

Platforms like Atome does make everyone’s lives convenient, especially when you are in need of something. Still, don’t abuse it. Only borrow what is necessary and don’t easily give in to products you don’t need.

Borrow With PondoPeso And Shop In Lazada

Fin-tech platforms are popular these days. It makes not just borrowing money but also shopping easier and more convenient. Speaking of shopping, did you know that Lazada partnered with several online cash lenders to provide customers like you a competitive financing option? This gives people an alternative mode of paying for their purchases. Among these lenders include PondoPeso. Here’s everything you need to know about PondoPeso and find out how you can apply for a loan that will be credited directly to your Lazada wallet. Who is PondoPeso? PondoPeso is among the fin-tech companies operating in the Philippines today. It offers financial mobility to provide Filipinos access to funds, whenever, whatever. PondoPeso takes pride in operating based on mobile Internet security technology and big data analysis innovation. Unlike other online lending platforms, PondoPeso have minimal requirements such as being a Filipino and 18 years of age. It operates under Fynamics Lending Inc. and registered with the SEC as per their website. Why PondoPeso?
  • Minimal requirements upon application
  • Highest credit limit, thereby allowing you to borrow up to P50,000 on your first application
  • Easy and convenient registration since everything happens online and in your mobile phone.
  • Loan term is based on the information you submitted, although it usually starts at 14 days. This means the earlier and faster you repay, the longer the loan term will be.
How to Apply for a Loan with PondoPeso
  1. Download the app at Google Play Store. Unfortunately for Apple users, PondoPeso app is only available to Android users.
  2. Open the app and click Confirm.
  3. Register your mobile number. You will get a code via SMS for confirmation.
  4. Set your password.
  5. In the next window, click I want to borrow. Then click Continue applying for a loan.
  6. Make sure you click Allow to let PondoPeso access your contacts, pictures, and location.
  7. Fill out the online application form. Make sure to enter truthful information about your location, housing status, educational attainment, monthly income, and credit card among others.
  8. Click Next after completing every information.
  9. Once you completed filling out the application form, PondoPeso representatives will review your loan application. The review of your application usually takes 24 hours or one day.
  10. If approved, the loan will be credited to your bank account, GCash account, or Coins.ph account. Since you will be using the money to shop in Lazada, the approved amount may be credited to your Lazada wallet.
Tips in Applying with PondoPeso
  • Make sure that your phone and email with PondoPeso is similar to the phone and email you used when you registered with Lazada.
  • Activate your Lazada wallet before applying for a loan with PondoPeso. This way, you are assured that the money will be credit to your wallet, which you can use for shopping.
  • Provide clear and visible ID pictures. This is needed to verify your identity as a borrower.
  • Ensure that your personal information is complete. This increases your chances of getting approved for a higher credit.
PondoPeso is a great option, especially if you need higher credit limit. Give it a try now and making shopping with Lazada easier and more convenient.

Start Your Lazada Shopping With The Help Of TendoPay

10.10, 11.11, 12.12 – these are only some of the many instances when Lazada will hold a sale. Since you’re in tipid mode and the diaper sale is really tempting, you want to take advantage of the sale, you gave in.

Here’s the catch: you don’t have enough cash to pay for all your purchases.

Thankfully, Lazada now offers Lazada Loans, a Buy Now, Pay Later scheme that allows you to buy and pay for your items in installment basis. The company partnered with several loan providers including TendoPay.

What is TendoPay?

TendoPay is an installment plan solution offered to buyers like you that allows you to buy your desired items and pay for those items at a later time. You can pay said purchases within two to 24 months, depending on the amount.

The good thing is that there is no need for bank account or credit card. All you need to do is to fill out the online application form and wait for approval.

Why TendoPay?

  • Loan amount of P3,000 to P30,000 – and may be increased depending on your frequency of borrowing
  • Longer installment term for up to 24 hours
  • There is no need for credit card or bank account to apply for a loan
  • Minimum documentary requirements
  • No upfront fees
  • It is available nationwide
  • Several payment options available for easier repayment including 7/11, SM payment counters, LBC, Bayad Center, and GCash

How To Apply For a Loan With TendoPay

In case you’re interested, here’s the step-by-step procedure on how to apply with TendoPay:

Step 1: Satisfy the requirements.

Before you shop in Lazada, you need to qualify first with the minimum requirements. This includes:

  • At least 18 years old and above
  • Has two official IDs such as Driver’s License, SSS ID, Passport, PRC, and UMID
  • Has valid email address
  • Active mobile number
  • Billing statement that will serve as your proof of address

Step 2: Create an account.

On the website, click Sign Up. You can either create your account by filling out the information needed OR you may use your Facebook account.

Don’t forget to tick the box that says “I accept the Terms and Conditions” and then click Create Account.

Step 3: Verify your identity.

Further information will be needed by TendoPay so they could better evaluate your application. You will be asked to:

  • Upload clear photo of your IDs
  • Upload clear photo of your billing statement
  • Selfie while holding your primary ID
  • Upload clear photo of your proof of income such as payslip or Certificate of Employment that is not older than two months
  • Answer questions so that TendoPay will get to know you better

Step 4: Wait for approval.

As per TendoPay’s website, processing will only take one day. Once approved, you will be notified by TendoPay representatives and the approved amount will be credited to your Lazada wallet. You can use the said amount to start shopping.

Tips To Remember Before Getting a Loan

  • Make sure that the minimal requirements are complied with.
  • Take note of the amount you borrowed as well as the deadline. Non-payment means your account will be blocked and you might not be able to borrow again until you are able to repay your loan.
  • Borrow only what you need. You don’t have to aim approval for the maximum amount if you will have a hard time paying for it.

What do you think of TendoPay? Sounds convenient, don’t you think?

Buy Now, Pay Later: Get To Know The New Trend In Online Shopping

Imagine this: your five-year old phone decided to give up on you and you badly need a new one. Or it’s your wedding anniversary in three days and you couldn’t leave your house because, well, responsibilities. What do you do?

Two words: online shopping.

Here’s the thing: shopping online doesn’t mean you are exempted from paying. In fact, you are required to pay before your order is processed – unless you opted for cash on delivery.

Thankfully, there’s a “buy now, pay later” scheme that allows you to shop online and pay in installment basis.

What is Buy Now, Pay Later scheme?

This payment scheme lets you delay payment from one to 24 months, depending on how much you spend, interest included.

You can borrow for as low as P2,000 up to a maximum of P50,000. Interest may be as low as 3.49 percent with approval as quick as one minute upon submission.

For instance, you can divide your P10,000 bill into three equal installments, thereby giving you more time to save and eventually pay for your bill. Still, take note that you will have to pay for the interest, which means your P10,000 worth of purchase will be increased by the end of the term.

Can You Avail Of This Scheme Online?

The good news is yes. In fact, many online installment companies partnered with Lazada (as of this writing) to allow you to pay for your purchases later. Plus, you don’t need to have a credit card or bank account to qualify for this scheme.

Having this financing option allows buyers to make purchases and be able to pay for it at the most convenient time. This will also allow you to stretch your money as you enjoy the items you bought.

Some of these companies that offer this scheme includes:

  • BillEase
  • TendoPay
  • Hey Jungle
  • Cashalo
  • Pera247
  • PondoPeso
  • Atome
  • PeraJet
  • Paylater

These companies will be discussed in detail in succeeding posts.

How Does It Work?

Availing of this scheme is easy. All you need to do are:

  1. Apply first with your preferred Lazada loan provider. Details as to how will be discussed in detail in succeeding posts.
  2. Once approved, you will receive your funds in your Lazada Wallet.
  3. Start shopping in Lazada.
  4. Use the funds as payment upon checkout. You might also have to pay for a certain amount depending on the approved loan.
  5. Wait for your items to be delivered at your doorstep.

Tips To Remember Before You Use BNPL Scheme

  • Cash out as much as you can. This could reduce the amount to be paid, which means you get to pay lower interest, too.
  • Always pay the required amount on time. Otherwise, you might incur penalty fee, which you must avoid at all costs. Plus, this could affect your future application with installment companies.
  • Aim for a shorter installment term. In fact, the longer the term, the more you’ll pay.
  • Buy only what is necessary. In fact, having this scheme does not give you a license to buy whatever you like. Stick to what you need only so you won’t have a hard time paying for your purchases.

Having the BNPL scheme is a good payment alternative, especially for those who don’t have sufficient cash on hand but badly needs a specific item. Still, only use this option only when needed and not to fulfill capriciousness.

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