Table of contents
| Name of Organization | Moola Lending |
| Full Name of Organization | Moola Lending Corporation (formerly H Lending by Hovono Inc.) |
| Hotline | 405-5171 |
Moola Lending Corporation (formerly H Lending by Hovono Inc.) - Product Features
| Min. financing amount | 2000 php |
|---|---|
| Max. financing amount | 20000 php |
| Max. financing amount | 30 days |
| Loan tenure | 3%% |
| 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 Moola Lending LEGIT?
Moola Lending is a lending company that offers loans to individuals and businesses. Moola Lending is registered with the Securities and Exchange Commission (SEC) and is licensed to operate in the Philippines. Moola Lending is also a member of the Financial Service Authority (FSA).
Moola Lending has been in business since 2014 and has provided loans to thousands of borrowers. Moola Lending offers loans with a minimum amount of PHP 10,000 and a maximum amount of PHP 1,000,000.
Moola Lending’s interest rates are competitive and are based on the borrower’s credit score. Moola Lending also offers discounts on its interest rates for borrowers who repay their loans on time.
Best offers
How to take a loan in Moola Lending?
To take a loan in Moola Lending, you must first complete an application form. The application form requires basic information such as your name, address, and contact information.
The application form also requires information about your income and expenses. Moola Lending uses this information to determine your credit score. Moola Lending also uses this information to determine how much you can borrow and the interest rate you will pay.
After you have completed the application form, Moola Lending will review your application and determine if you are approved for a loan. If you are approved, Moola Lending will provide you with a loan agreement that outlines the terms of your loan.
Once you have signed the loan agreement, Moola Lending will transfer the funds to your bank account.
Loan parameters in Moola Lending
Moola Lending offers loans with competitive interest rates and no hidden fees. Moola Lending also offers discounts on its interest rates for borrowers who repay their loans on time.
How to take a loan in Moola Lending?
To take a loan in Moola Lending, you must first complete an application form. The application form requires basic information such as your name, address, and contact information.
The application form also requires information about your income and expenses. Moola Lending uses this information to determine your credit score. Moola Lending also uses this information to determine how much you can borrow and the interest rate you will pay.
After you have completed the application form, Moola Lending will review your application and determine if you are approved for a loan. If you are approved, Moola Lending will provide you with a loan agreement that outlines the terms of your loan.
Once
Example of calculating interest and loan payments
If you would like to calculate the interest and loan payments on a Moola Lending loan, you can use the following formula:
Interest = (P x R) / 100
Loan Payment = (P x R) / (1 – (1 + R) ^-n))
Where:
P is the principal amount of the loan
R is the annual interest rate on the loan
n is the number of payments made on the loan
Additional conditions for granting loans
Moola Lending offers loans to individuals and businesses who meet the following requirements:
- The borrower must be at least 18 years old
- The borrower must have a valid ID
- The borrower must have a bank account
- The borrower must have a steady income
Will the amount of the next loan be increased?
No, the amount of the next loan will not be increased. Moola Lending offers competitive interest rates and no hidden fees. Moola Lending also offers discounts on its interest rates for borrowers who repay their loans on time.
If I am approved for a loan, when will the money show up in my account?
Moola Lending will transfer the funds to your bank account as soon as you have signed the loan agreement.
How much does Moola Lending charge in interest and fees?
Moola Lending charges interest and fees on its loans. The amount of interest and fees charged varies depending on the borrower’s credit score and the amount of the loan. Moola Lending also offers discounts on its interest rates for borrowers who repay their loans on time.
Contacts of Moola Lending
If you would like to contact Moola Lending, you can use the following information:
Moola Lending Philippines
Unit 706, 7th floor, The Enterprise Center, 6766 Ayala Avenue, Makati City, 1226 Metro Manila
Email: info@moolalending.com.ph
Phone: (+632) 831-9771 to 78
How to take a loan in Moola Lending?
- 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 Moola Lending
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.