Table of contents
| Name of Organization | LEMON LOAN |
| Full Name of Organization | JOYWIN LENDING INVESTOR, INC. |
| Hotline | 09265739402 |
JOYWIN LENDING INVESTOR, INC. - Product Features
| Min. financing amount | 2000 php |
|---|---|
| Max. financing amount | 10000 php |
| Max. financing amount | 30 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 LEMON LOAN LEGIT?
Yes, Lemon Loan is a legit online loan provider in the Philippines. They offer quick and easy loans with no collateral needed. You can apply for a loan amount of up to PHP 50,000, and you can choose to pay back your loan over a period of 6 to 24 months.
How to take a loan in LEMON LOAN ?
To take a loan in LEMON LOAN, you first need to register for an account on their website. Once you have registered, you can then apply for a loan. The application process is quick and easy, and you can get a decision on your loan within minutes.Once you have been approved for a loan, you will need to provide some basic information such as your name, address, and contact details. You will also need to provide proof of income and identification.Once you have been approved for a loan, you can then choose to withdraw the money directly to your bank account or receive it through an ATM card.
Best offers
Loan parameters in LEMON LOAN
The maximum loan amount that you can borrow from LEMON LOAN is PHP 50,000. You can choose to repay your loan over a period of 6 to 24 months, depending on your budget and needs.
Proof of income is required in order to be approved for a loan with LEMON LOAN. This can include payslips, bank statements, or other proof of income. You will also need to provide identification such as a driver’s license or passport.
Once you have been approved for a loan, you can choose to withdraw the money directly to your bank account or receive it through an ATM card.
Example of calculating interest and loan payments
When you take out a loan from LEMON LOAN, you will be charged an interest rate of 2.5% per month. This means that if you borrow PHP 10,000, you will have to pay back a total of PHP 12,500 (PHP 10,000 + (2.5% x 10,000)).
Your monthly loan payments will be based on the amount you borrow and the number of months you choose to repay the loan. For example, if you borrow PHP 10,000 and choose to repay the loan over 12 months, your monthly payments would be PHP 833.33 (PHP 10,000 / 12 months). This means that you would pay back a total of PHP 10,000 + (2.5% x 10,000) = PHP 12,500.
Additional conditions for granting loans
In order to be approved for a loan with LEMON LOAN, you must meet the following conditions:
- You must be a Filipino citizen or resident of the Philippines
- You must be at least 21 years old
- You must have a valid ID and proof of income
- You must have a bank account
Reasons for a loan denial
Some of the reasons why a loan may be denied are due to insufficient income, bad credit history, or an inability to provide proof of income.
Other reasons for a loan denial may include having outstanding debt with other lenders, not being able to provide identification, or living in a rural area that is not within LEMON LOAN’s service area.
Will the amount of the next loan be increased?
Yes, the amount of the next loan will likely be increased, as this is one of LEMON LOAN’s policies in order to help borrowers get out of debt more quickly. Be sure to review the terms of the loan prior to signing any paperwork, in order to be aware of all associated costs.
If I am approved for a loan, when will the money show up in my account?
If you are approved for a loan, the money should show up in your account within one business day. However, be aware that there may be some associated fees with the loan that you will need to pay back, so be sure to review the terms of the agreement before signing anything.
How much does LEMON LOAN charge in interest and fees?
The interest rate for a LEMON LOAN loan is typically between 10% and 18%. There may also be some associated fees, such as an origination fee, that you will need to pay back. Be sure to review the terms of the agreement before signing anything.
Contacts of LEMON LOAN
There are several ways to contact LEMON LOAN in order to get more information about their loans or to apply for a loan. The quickest way is to call their toll-free number, which is available 24 hours a day, 7 days a week. You can also send them an email or visit their website. Their contact information is as follows:
Toll-Free Number: 1-800-815-8880
Email: info@lemonloan.ph
Website: www.lemonloan.ph
How to take a loan in LEMON LOAN ?
- 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 LEMON LOAN
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.