Got questions about Loansolutions.ph? you're in the right place!
How much can I borrow?
You can borrow a minimum of 20,000 up to 2,000,000.00. But how much you are qualified to borrow will depend on your employment background which includes your monthly income, tenure and the position you hold in the company, if employed.
Normally, it would take 5 - 10 working days for a loan to be processed from date the application is submitted to matched loan providers. But it depends on the processing time of each respective loan providers.
Loansolutions service is 100% free. We do not ask for fees or charge anything for our services. However, we cannot speak in behalf of our loan providers. The processing fees they charge is between the applicant and the loan provider's discretion.
Yes, you can. Whether you just submitted your application with us or you are in the middle of bank loan processing, you can choose not to continue with your loan request. Since Loansolutions.ph do not lend, we don't have the power to cancel your application with your matched loan provider once we've endorsed your loan application together with your documentary requirements. Kindly inform your matched loan provider of your decision to cancel the processing of your loan.
Due to our desire to provide you the best user experience, we have tried different ways to secure your information while at the same time making it easier for you to accomplish the application form as quickly as possible. There might be times that we will remove the login feature to offer a more straightforward application.
For the meantime, we don't have the feature that shows the loan status of an existing loan or any way to track your loan application. To know the full status of your application, you can email us at [email protected] and we will get back to you as soon as we can.
Loansolutions is an online loan platform-portal that matches and connects you to a network of loan providers after our system prequalifies your application against our partners'; standard eligibility criteria.
Yes, provided that you are matched to more than one loan provider (banks or private lenders), have been further qualified and passed each of their respective credit investigation and background checks.
We regret to inform you that we do not have alternative credit options for you. If there are new options available, we’ll make sure to inform you. However, we can provide you useful advice so you will qualify the next time you apply for a loan.
Can I still continue my application after I cancel?
That will depend on your matched loan provider if you can pick it up where you left off. Most of the time, loan providers will require you to start from the beginning and resubmit your documents and go through the same process. However, there are also loan providers who will only allow you to reapply after a specific time period has passed, say 3-6 months.
There are a couple of reasons why loan providers may disapprove your loan request. However, please bear in mind that most providers will not divulge the reason for disapproval to you or to us, their partner. The only way we can help you figure out the reasons is by providing you a list of probable reasons of loan disapproval.
Your loan provider/s that are processing your loan application will inform you of your loan approval. In case that your loan provider won't be able to reach you, they enlist our help to connect with you as soon as possible so you can process the release of the loan.
As of the moment, we can only guarantee to process Personal and OFW loans. Most of our pool of partners offer these loan products while New Car loans, Business loans and Home loans, we only have less than 3 partners we can match you with in our network. Please bear with us as we strive to grow our network under these loan products.
To calculate monthly payments, multiply your desired loan amount with the interest rate. Then multiply the product to the loan term or months to repay. Add the result to your loan amount and divide by the loan term.