Table of contents
| Name of Organization | Binixo |
| Full Name of Organization | Binixo |
| Hotline | +63 (02) 8877-6600. |
Binixo - Product Features
| Min. financing amount | 1000 php |
|---|---|
| Max. financing amount | 30000 php |
| Max. financing amount | 65 days |
| Loan tenure | 1% |
| Approval duration | Average time from 2 to 12 hours |
Fees & Charges
| Debt consolidation | Information on debt consolidation is not listed on the site. You need to contact representatives of the organization through any source and clarify |
|---|---|
| Processing fee | One-time fee is not charged when making a loan |
| Stamp duty | Stamp duty is not provided in the organization |
| Annual fee | Annual fee ranges from 180% to 365% depending on the percentage under which you borrowed |
| Other fees | Other fees are not listed on the site. However, when applying for a loan, you can include insurance or any other services. For more information, you need to consult with representatives of the organization. |
Penalties
| Early settlement | Early debt settlement does not charge you extra fees. For more information contact the credit organization. |
|---|---|
| Late payment charges | 6% of overdue amount |
| Other penalties | Not provided |
Additional Requirements
| Need to bind a bank account | No |
|---|---|
| Other details | Payment on the loan occurs through a bank card |
IS Binixo LEGIT?
Binixo is a financial technology company that offers short-term loans to consumers in the Philippines. The company is licensed and regulated by the Bangko Sentral ng Pilipinas (BSP). Binixo is a member of the Philippine Financial Technology Association (PFTA).
Binixo offers two types of loans: Binixo Salary Loan and Binixo Cash Advance. Binixo Salary Loan is a short-term loan product with a repayment period of up to 90 days. Binixo Cash Advance is a short-term loan product with a repayment period of up to 30 days.
How to take a loan in Binixo?
Best offers
To apply for a Binixo loan, you must be a Filipino citizen and at least 21 years old. You must also have a regular source of income and an active bank account.To apply for a Binixo Salary Loan, you will need to submit the following documents
Additional conditions for granting loans
– Binixo may require additional documents from the borrower during the loan application process.
– The company has the right to refuse to grant a loan if the borrower does not meet the requirements of Binixo or if the provided information is false.
What are Binixo’s Loan Terms and Conditions?
The following are Binixo’s Loan Terms and Conditions:
- – Binixo offers loans with a minimum amount of PHP 500 and a maximum amount of PHP 20,000.
- – The interest rate for Binixo Salary Loans is 0.75% per day. The interest rate for Binixo Cash Advances is 0.60% per day.
- – Binixo charges a service fee of PHP 300 for Binixo Salary Loans and PHP 200 for Binixo Cash Advances.
- – The repayment period for Binixo Salary Loans is up to 90 days. The repayment period for Binixo Cash Advances is up to 30 days.
- – Binixo offers a grace period of up to three (03) days for Binixo Salary Loans and Binixo Cash Advances.
- – The late payment fee for Binixo Salary Loans is PHP 400. The late payment fee for Binixo Cash Advances is PHP 300.
Reasons for a loan denial
- – Binixo has the right to refuse to grant a loan if the borrower does not meet the requirements of Binixo or if the provided information is false.
- – Binixo also has the right to refuse to grant a loan if the borrower has outstanding loans with other lenders.
Can Binixo give you another loan?
- – Binixo offers loans to new and existing customers.
- – Binixo has the right to refuse to grant a loan if the borrower does not meet the requirements of Binixo or if the provided information is false.
- – Binixo also has the right to refuse to grant a loan if the borrower has outstanding loans with
Will the amount of the next loan be increased?
- – Binixo offers loans with a minimum amount of PHP 500 and a maximum amount of PHP 20,000.
- – Binixo has the right to increase the loan amount if the borrower has repaid the previous loan on time.
If I am approved for a loan, when will the money show up in my account?
- – Binixo will deposit the loan amount into your bank account within 24 hours after you have been approved for the loan.
How much does Binixo charge in interest and fees?
- – Binixo offers loans with a minimum amount of PHP 500 and a maximum amount of PHP 20,000.
- – The interest rate for Binixo Salary Loans is 0.75% per day. The interest rate for Binixo Cash Advances is 0.60% per day.
ADVANTAGES of Binixo
- – Binixo offers loans to new and existing customers.
- – Binixo has the right to increase the loan amount if the borrower has repaid the previous loan on time.
- – Binixo will deposit the loan amount into your bank account within 24 hours after you have been approved for the loan.
DISADVANTAGES of Binixo
At Binixo, you can take out a loan for anywhere between PHP 500 and PHP 20,000.
Binixo Salary Loans and Binixo Cash Advances are interest-free for the first 30 days. For 30 days, the interest rate on Binixo Salary Loans is 0.75 percent per day, while that on Binixo Cash Advances is 0.60 percent per day.
How to take a loan in Binixo?
- Fill in the application for a loan.
- Confirm the offer. The offer is signed by an SMS code sent to your Get the solution instantly!
- Transfer money to a bank account or card in one day!
Additional conditions for granting loans:
- the whole process through the Internet, without leaving home;
- for Filipino citizens who have reached the age of 21 (majority);
- the presence of a permanent registration in the territory of the Philippines;
Reasons for a loan denial:
- Poor credit score
- You are blacklisted, on debt review or had a judgement against your name
- You don’t have enough income for the loan you requestedd
- Poor track record of credit card or loan repayments
Managing structure Binixo
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.