Digido is a lending service platform that offers online cash-landing services to solve users’ financial problems. Its innovative and customer-friendly financial solutions help customers get loans within a few hours. Using these fast cash loan services, you can get non-collateral and 0% interest promotional loans of up to PHP 25,000.
In this guide, we will cover everything you need to know about Digido’s cash-landing services. For example, you will learn what are its pros and cons, how to apply for Digido loans, and much more. Let’s get started…
Types of Loan
Digido offers only one type of loan. But borrowers can use it for anything because the company doesn’t restrict them where to use the borrowed funds. Borrowers can use it to pay for their living expenses or to purchase any other items. Similarly, they can use it to start any business or pay emergency bills, etc.
The maximum amount that any borrower can get is PHP 25,000. However, if you apply for Digido loans for the first time, you can only get PHP 10,000. And, you will have to return it within 3 to 6 months. If you return it within a specified time, you can get up to 25,000 loans at a good interest rate next time. Otherwise, you may face trouble getting loans in the future or you may have to pay higher interest rates.
Digido Loan Requirements
Before you apply for a loan, you should know who is eligible for getting a Digido loan. Here are some requirements for borrowing money from Digido:
- Filipino nationality.
- Applicants should have a stable source of income.
- Age should be between 21 and 70 years.
- Valid mobile phone number to complete the online registration process.
- An issued ID card.
You should have a good credit score when applying for a loan. Because a good credit score portrays you as a financially responsible person. Therefore, having a good credit score protects you from loan rejection.
How to Apply For Digido Loan Online?
If you fulfill the above-mentioned requirements, follow the steps below for getting Digido Loan:
- Visit the official website of Digido i.e. digido.ph.
- Sign up there by adding your personal information and employment details.
- Verify your phone number.
- Choose the total amount you want to lend.
- Agree to the term and services and apply for the loan.
- As soon as you complete the process, you will get your money back in your account.
Remember, you must repay your loan in time to avoid penalties and any inconvenience in the future.
Digido Interest Rates
If you are getting a loan for the first time from Digido, the interest rate will be 0%. For repeated customers, it depends on the term and amount of the loan that you receive. However, the interest rates don’t exceed 1.5% per day.
Pros and Cons of Digido Services
Below are some pros and cons of Digido Loan services:
Pros
- Fast loan processing, especially when you are applying for the first time.
- Extremely easy process to apply for a loan.
- The chance of loan approval is more than 90%.
- No need for collateral or guarantor.
- 24/7 quick customer support.
- No hidden or extra charges.
Cons
- Interest rates of Digido are a bit higher than those of Philippine banks.
- You can get up to PHP 25,000 loans.
Is Digido Legit or Scam?
Here comes the most crucial part of this article: is Digido legit or a scam? The simple answer to this question is no. Because all financial companies that work in the Philippines need to receive the appropriate permission from authorities. The Securities and Exchange Commission controls such programs.
Digido is included in the list of registered organizations on the official site of SEC. It means that it fulfills all the criteria of a supervisory authority and works legally in the Philippines.
Wrapping Up
Digido is a lending service platform that offers fast cash loan online services for people to get peso loans up to 25,000. Using these personal loan services, you can borrow money in no time to meet your financial needs.
This SEC-registered loan lending platform offers its services only to Filipinos. If you are facing any financial problems, you should utilize this legit platform for getting loans to fulfill your financial needs.
