There are tons of online cash lenders available in the market these days. If your favorite mobile app is slowly failing you despite borrowing with them more than once, then you need to look into other options.
One of your available options is PondoPeso.
Check out this post to learn more about this online cash lending app and find out how to apply in case you need quick cash:
What is PondoPeso?
According to their website, PondoPeso is a “unique fin-tech platform” that provides users with financial mobility, whenever, wherever. It is also based on mobile internet security technology as well as big data analysis innovation to check and validate your credit information.
Online cash lenders are proliferating these days, thereby giving people more options when it comes to quick loans.
That being said, why choose PondoPeso?
Allows you to borrow up to P40,000, which may be repaid within one year.
Fast approval, which could range from eight minutes to one hour as per website.
No paperworks or documents that you need to submit.
All you need to submit is just one valid ID.
Step-by-Step Procedure on How to Apply with PondoPeso
Step 1: Download the app. Apparently, PondoPeso is only available to Android users.
Step 2: Once you downloaded it, open the app and click Allow, which lets PondoPeso access your phone’s photos, media, and location.
Step 3: Enter your mobile number. This will ensure that you are using a verified mobile number.
Step 4: Once your mobile number is confirmed, you will automatically go back to the landing page. Click “I want to borrow” and don’t forget to tick the “I Agree” box to proceed with your loan application.
Step 5: Fill out the information needed, starting with Personal Information, and Emergency Contacts. Make sure you are truthful as possible when asked for your information to avoid complications later on.
Step 6: Upload a copy of your ID. Make sure that your ID matches the information you provided in your online application form.
Step 7: Upload a selfie while holding your ID.
As soon as you completed these steps, your loan application will be forwarded to the PondoPeso system where a representative will review your application. A PondoPeso representative will contact you anytime, so make sure you have your phone on hand.
If approved, you will be asked to choose a method to transfer money. You have the options to have the money:
Deposited in your bank account
Get from the remittance center
Tips to Remember when Applying for an Online Cash Loan with PondoPeso:
PondoPeso is only applicable to Android users. The app is not available to iPhone users as of this writing.
You must be 18 years of age and above to be able to apply for an online cash loan with PondoPeso.
Make sure you use a government-issued ID. Providing a clear ID is also a must so that PondoPeso representatives can easily verify your information.
Provide all the necessary information being asked. This will make it easier to evaluate your loan application.
In case you’re looking for an alternative, you might want to consider PondoPeso. Take note of these tips for higher possibility of getting approved.