A Step-by-Step Guide on How to Apply with Akulaku

Online financing is popular these days. With the presence of Tala, Loan Ranger, Moola, and Cashalo among others, there is another player in the market that is slowly gaining a solid customer base.

Say hello to Akulaku (registered in the Securities and Exchange Commission under Streetcorner Lending Corp.), an online financing company operating in Southeast Asia, particularly Vietnam, Malaysia, Indonesia, and Philippines. Its goal is to extend credit and as a result, give opportunity to people who are unbanked and has no credit card.

There’s so much you can do with Akulaku. It has Bills Payment feature that allows you to pay your bills like cable and water with just a few clicks. It could also offer you up to P25,000 credit limit, which you can use to shop at the platform’s accredited merchants. More importantly, it has a Cash Loan facility that lets you borrow money for whatever purpose. You can borrow P2,500 or P5,000 payable after eight or 15 days.

In case you’re interested, here’s how you can apply for Akulaku credit services:

Step 1: Download the mobile app on Google Play (for Android users) and Apple Store (for Apple users). Take note that Akulaku will only work on mobile phones. Step 2: Once installed in your mobile phone, choose your preferred language. Step 3: On the landing page, click Personal. The Personal tab will also reflect your personal infomation as well as the status of your orders. Step 4: Click Login / Register Step 5: Enter your mobile number and preferred log-in password. Then, click Create Account. Step 6: Enter your mobile number again and then click Send Code. A Verification Code will be sent to the mobile number you registered. Copy and then enter the code to proceed with your registration. Step 7: You will be back in the landing page as soon as you successfully verified your account. Click Credit. Step 8: On the Credit landing page, click Apply Now. Step 9: Fill out the Credit Limit Application Form truthfully. Make sure that the details reflect who you are. Step 10: Search for your corresponding employer. In case your employer is not on the list, simply input your employer’s name. Step 11: You will be asked to activate your account so you can avail of Akulaku services. Click Activate. Step 12: Input the necessary information being asked, including the convenient time you want to be contacted. Make sure to upload clear picture of your ID to make it easy for the Verification Team to process your application. Step 13: As soon as you completed Step 12, your account will now be reviewed by Akulaku team. Per Akulaku website, your credit limit application will be reviewed and processed within 48 hours. A representative from Akulaku’s Verification Team will also call you on within that 48 hours to check the information you provided.

Once approved, you can now enjoy Akulaku features.

What do you think? Easy to apply, right? What are you waiting for? Go ahead and give Akulaku a try.