Big loan app is one for the best loan app in Philippines. You don’t need to leave your location before you will obtain this loan with your smart phone are good to go. With this this loan app you can obtain up to 12,000 at a go.
Requirements to obtain loan from big loan app
Below are the requirements you need to meet up with before you can obtain loan from this app
Have good credit score
Have source of income
Be above 18 years of age
Have smart phone with which to download the loan app
How to apply for Big loan
To apply for Big loan the first step to take is to head over to play store and download the app
Register with your name and other details
Once you are done with registration you will be login to your dashboard
On your dashboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Take the offer and wait for disbursement
How much you can obtain from BIG loan app
With big loan app you can obtain between 2,000 to 12,000 without collateral or paper work
. As a first timer you might not be able to obtain up to this, as you continue to use the app the amount of loan you can obtain will increase.
Big loan app Interest rate and repayment period
The big loan app interest rate is between 10% to 24% depending on the amount of loan obtain and the repayment period.
The repayment period is between 90 days to 180 days. As a first timer your Interest rate will be high and your repayment period will be short as you continue to use the app this will improve.
Paying back your big loan
To payback your loan head over to your dashbaord
click on loan repayment
Here you will see deferent option to pay back your loan
Click on one and make payment
Once you make payment it will reflect on your dashboard
If it does not you should contact them.
What will happen if I default or refuse to pay back
If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.
If you abscond, your name will be send to credit bureau for blacklisting which means you will not be able to obtain loan again in
Philippines until you pay back and clear your name with credit bureau.
Is big loan app legit
Yes big loan app is legit, they will surely give you loan, they are license by SEC so you have noting to worry about.
Our final verdict on Big loan app
Big loan app is a legit loan app, they have given loan to a lot of people. They have good review and rating on play store which means they are doing something right.
They are also license by SEC so you have notting to worry about.
Conclusion
Though Big loan app will surely give you loan I will advice you to take loan that you know you can pay back to avoid had I know.
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