|Name of Organization||Moca Moca|
|Full Name of Organization||Moca Moca|
Moca Moca - Product Features
|Min. financing amount||1000 php|
|Max. financing amount||30000 php|
|Max. financing amount||365 days|
|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.|
|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|
|Need to bind a bank account||No|
|Other details||Payment on the loan occurs through a bank card|
IS Moca Moca LEGIT?
Moca Moca Philippines is a legitimate company that provides quality items at an affordable price. The company started in 2010 and since then has been gaining more customers from all over the Philippines. They have a wide range of products, from clothing to beauty products to home decor.
How to take a loan in Moca Moca?
Moca Moca Philippines offers loan services to customers who need financial assistance. To apply for a loan, customers must visit the company’s website and fill out an application form. The form requires applicants to provide details such as their contact information, income, and expenditure. After submitting the application form, the customer will receive a response within 24 hours.
Once approved, customers can select from a variety of loan options that best suit their needs. These options include personal loans with flexible repayment options and interest rates. Customers can also take advantage of Moca Moca Philippines’s installment plan or use the company’s credit line for multiple transactions over a period of time.
The company also provides easy access to cash through its ATM service at more than 30 banks across the country. To ensure that customers are able to manage their accounts properly, they have access to an online portal where they can monitor their repayments and get notifications about upcoming payments due dates. Additionally, they offer rewards and discounts on certain products when customers pay back a loan early or stay within their credit limit.
To ensure customer satisfaction, Moca Moca Philippines has put in place strict policies that protect consumer rights and interests throughout the loan process. The company offers legal advice as well as financial counseling services for those who have difficulty understanding or meeting the terms of their loan agreement.
Example of calculating interest and loan payments
Moca Moca Philippines offers customers several options when it comes to calculating interest and loan payments. Depending on the type of loan, customers can choose between fixed-rate and variable-rate repayment plans.
For fixed-rate loans, the interest rate remains the same throughout the life of the loan. This is good for those who want to have a predictable monthly payment which doesn’t change over time. On the other hand, variable-rate loans fluctuate with changes in market rates. This type of repayment plan is suitable for those who want to take advantage of any drops in interest rates during their loan period.
When it comes to calculating monthly payments, Moca Moca Philippines follows a simple formula: total loan amount divided by number of months in repayment period multiplied by periodic interest rate equals monthly payment due. For instance, if a customer takes out a ₱100,000 loan for 12 months and decides to pay at an 8% annual interest rate, each month’s payment will be ₱9,167.
In addition to making regular payments on time, customers can reduce their overall payments by paying more than the minimum due each month or making lump sum payments every once in a while. Paying extra will reduce both principal and interest amounts over time. Customers also have access to an online portal where they can keep track of all their transactions and view their updated balance after each payment has been made.
The company also offers rewards and discounts on certain products when customers stay within their credit limit or pay off their entire loan ahead of schedule. With these incentives in place, Moca Moca Philippines ensures that its customers are able to take full advantage of what it has to offer without having to worry about high costs or unexpected fees.
Additional conditions for granting loans
Moca Moca Philippines has put in place several conditions that customers must meet in order to qualify for a loan. Customers must have a minimum monthly income of ₱15,000 and must be at least 21 years old. They must also provide proof of valid ID, such as driver’s license or passport, as well as proof of residence and employment.
The company will also consider the customer’s credit history when determining loan eligibility. A good credit score indicates that the customer is financially responsible and can make payments on time. Customers with bad credit may still be eligible for a loan but they may be required to pay a higher interest rate or have stricter repayment terms than those with good credit histories.
In addition to these conditions, Moca Moca Philippines requires customers to fill out an application form which asks for detailed information about their financial situation and provides consent for the lender to access their credit report. This information is used by the lender to determine whether or not the customer is capable of making timely payments on the loan and if so, at what interest rate.
Moca Moca Philippines also has a variety of other checks in place to ensure customer satisfaction such as comprehensive verification procedures, data privacy policies, and fraud detection systems. All these measures are designed to ensure customer safety and give peace of mind during the loan process.
Reasons for a loan denial
Moca Moca Philippines may deny a loan application for several reasons. These include insufficient income, bad credit history, and lack of documentation.
In cases where the customer’s income is not sufficient to cover the loan amount they are applying for, their loan application will be denied. This is because lenders need to be sure that customers can make timely payments on their loans.
A customer’s credit history is also taken into consideration when determining loan eligibility. Customers with poor credit scores are likely to see their loan applications denied as this indicates that they have been unable to meet past repayment obligations or handle their finances responsibly in the past.
Finally, customers must provide all the necessary documents such as valid ID and proof of residence and employment in order for their application to be processed. Failure to do so may result in a denial of the application as lenders cannot assess the customer’s ability to repay without these documents.
At Moca Moca Philippines, we take these measures to ensure our customers’ satisfaction and safety. We also have a dedicated team that works closely with potential borrowers to find solutions even if an initial application has been declined so that everyone can benefit from our products and services.
How much does Moca Moca charge in interest and fees?
Moca Moca Philippines offers competitive interest rates and fees that are tailored to their customers’ individual needs. The exact rate and fee structure depends on the customer’s credit score, loan amount and repayment period. Generally, borrowers with good credit scores and longer repayment periods will receive lower interest rates than those with bad credit scores and shorter repayment periods.
The company also offers discounted rates for customers who stay within their approved credit limit or pay off their entire loan ahead of schedule. Customers can also benefit from other incentives such as additional discounts on certain products or waived processing fees.
Additionally, Moca Moca Philippines does not charge any hidden or penalty fees for late payments. However, if a payment is more than five days late, the customer will be notified by email or SMS and may incur additional charges.
Overall, Moca Moca Philippines provides an affordable option for customers seeking loans with minimal fees and competitive interest rates. By offering these incentives, they ensure that all customers are able to take full advantage of what they have to offer without having to worry about high costs or unexpected fees.
Contacts of Moca Moca
Moca Moca Philippines provides their customers with several contact methods such as email, phone and physical address. Customers can reach the company via email at email@example.com or through their toll-free number +632 8888 8888. The company’s physical address is located in Quezon City, Metro Manila, Philippines:
- Unit 15F Eastwood Cyberone Building
- Eastwood Ave., Libis, Quezon City 1110
- Metro Manila, Philippines
In addition to these contact methods, the company also offers a live chat service on their website for customers who have any inquiries or concerns regarding their loan application process or other services provided by the company. They provide 24/7 customer service and are always eager to help.
How to take a loan in Moca Moca?
- 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