Interest Rate
Loan Tenure
Loan Amount
Approval Duration
Through an internet platform, Madaloan provides Filipinos with a quick and easy way to obtain loans via their online loan app. Borrowers can obtain quick loans immediately without the requirement for collateral or guarantors through a straightforward application process. Madaloan makes it simpler for customers to effectively manage their finances by offering affordable interest rates, adjustable repayment plans, and an intuitive mobile app. By serving the underprivileged and unbanked, the platform is dedicated to establishing an inclusive financial system in the Philippines.
Madaloan (SEC Registration No. 2021090025243-01; Certificate of Authority No. L-21-0061-15) is a financial technology firm that specializes in offering personal loans that are quick and easy to get via an entirely online platform. To serve a wide spectrum of borrowers, it offers various repayment alternatives, sophisticated analytics, and a simplified application procedure. Madaloan wants to make borrowing easy, equitable, and hassle-free by emphasizing transparency and user experience.
Cash Loan Total Amount: minimum of PHP 1,500 to a maximum of PHP 8,000
Interest rate: 0.05% per day
Loan Term: 120 to 210 days
Approval duration: The whole loan application process, from submission of loan request to getting approved to funds disbursed in your own bank account, can be as fast as 30 to 60 minutes.
Age: at least 18 years old
Have a stable source of income: proof income, COE, pay slip, bank account statements
Must have a government-issued ID
Make sure you pay back your initial loan on date if you want to increase the amount you can borrow with Madaloan. On-time payments maintain your excellent standing with the business, demonstrate your dependability, and contribute to the development of your credit history. During the application procedure, giving precise and thorough information improves your profile and increases your likelihood of being approved for a larger loan limit later on.
Yes. Indeed. Madaloan is an authentic financing company, as is the Madaloan app. Under the name IFun Lending Corp with its address located in 1200 Sen. Gil J. Puyat Ave, Makati, Kalakhang Manila, it is registered with the Securities and Exchange Commission under Registration No. 2021090025243-01; Certificate of Authority No. L-21-0061-15, which provides customers with assurance regarding its operation and verifies compliance with Philippine regulatory standards. Make sure you do your research on any lending app before submitting personal information or applying for a loan. Carefully read articles like this Madaloan review or visit the Madaloan website to make informed decisions and know all the details.
Madaloan has generally positive reviews among its users, with an average rating around 4.5 on several platforms, indicating a high level of satisfaction with the service. Customers often highlight the app’s convenience and speed, especially for accessing emergency funds, with the approval process reportedly as fast as one working day. However, some parties have raised concerns and complaint about potential issues with customer service and loan repayment terms, underscoring the importance of understanding the terms and fees upfront.
Madaloan offers a streamlined application process that can be completed online, providing instant fund access.
Borrowers can choose from various loan terms and amounts, with the option to repay in convenient installments.
Madaloan provides loan at competitive interest rates, with the highest APR being 18.25% per year, ensuring affordability.
The platform charges zero service fees, with transparent transaction fees, making it easier for borrowers to manage their loans.
In conclusion, Madaloan Philippines, under IFun Lending Corp, provides a simple, quick, and easy way for Filipinos looking for personal loans. The application process is also simple, and no collateral is needed. Madaloan helps a variety of clients, especially those who are underserved or unbanked, manage their money with affordable interest rates, flexible repayment options, and an effective mobile app. Although most customer evaluations highlight the platform's quickness and user-friendliness, it's crucial for prospective borrowers to completely comprehend the terms and costs of the loan before committing. Madaloan is a dependable choice for people in need of quick financial solutions because of its dedication to transparency and customer experience.
The Madaloan app download process is simply to search for “Madaloan ” in the App Store or Google Play Store. Alternatively, you can access the app directly via the Madaloan website.
Madaloan loans are typically small, short-term loans ranging up to ₱8,000. The loan amount is determined based on your creditworthiness, repayment history, and employment status.
Madaloan Loan offers quick loans that can be disbursed in as little as a day after your loan application has been approved. However, the time may vary depending on the amount borrowed and your bank’s processing time.
Applicants must be Filipino citizens aged 18 or older, have a valid ID, provide proof of income, and have an active checking account
The daily interest rate is 0.05%, resulting in an annual percentage rate (APR) of approximately 18.25%. Service fees range from 3% to 10%, depending on the loan amount and term.
