Microdot Lending Corporation Corp. SEC RegistrationNo.: CS201951287Certificate of Authorisation No.:...
Microdot Lending Corporation Corp. SEC RegistrationNo.: CS201951287Certificate of Authorisation No.: 2921Product Description:High loan amount: maximum loan amount is $50,000Flexible Repayment Options: Choose from 6 to 24 months depending on your actual situation.Different repayment options ranging from 6 to 24 months depending on your actual needs (more instalment repayment options are available for better qualified users).(Better qualified users can choose more instalment repayment options)Annual Percentage Rate (APR):The maximum interest rate is 30A service fee will be deducted at the time of your payment and the service fee will depend on your repayment status.The service charge will depend entirely on the assessment of your profile.Product Features: Revolving instalment loan, receive cash instantly Online paperless process, 100% fast application Secure and convenient, no collateral required Only one valid ID is required, around 10 types of ID accepted Transparent transaction from application to payment No tolerance for harassment Higher loan limits, more term options and more incentives for users with good credit historyHigher loan limits, more tenure options and more favourable loan terms for users with good credit historyLoan Fee Example (for reference only): Loan Amount: $10,000,000Loan Amount: $10,000.00. Monthly interest rate: 0.6%. Loan Term: 6 months. Loan Date: 7 May 2023. Maturity date: 7 May 202307/05/2023.Duedate:06/11/2023totalinterest=10000*0.6%*6=360totalpaymentamount=10000+360=10360The payment schedule is as follows:Date of first instalment: 06/06/2023Repayment amount: 1666.66 Repayment period: 60 Remaining credit limit after repayment: 82738273 Credit limit increase: 0Second instalment repayment date: 7 June 2023Repayment amount: 1666.66 Repayment period: 60 Remaining credit limit after repayment: 010999 Credit limit increase: 10Third instalment repayment date: 8 June 2023Repayment amount: 1666.66 Repayment period: 60 Remaining credit limit after repayment: 1527015270 Credit limit increase: 20Fourth instalment repayment date: 9 June 2023Repayment amount: 1,666.66 Repayment period: 60 Remaining credit limit after repayment: 22094 Credit limit increased: 2022094 Credit limit increased by: 30Fifth Repayment Date: 10 June 2023Repayment amount: 1666.66 Repayment period: 60 Remaining credit limit after repayment: 3031622 Credit limit increase: 40Repayment date of the sixth instalment: 11 June 2023Repayment amount: 1666.67 Repayment period: 60 Remaining credit limit after repayment: 50000 Credit limit increase: 4050,000 Credit limit increase: 50Tip: Once you reach your credit limit, you can borrow on a sliding scale.Your borrowing limit will be restored immediately after repayment.Repaying your loan on time also improves your credit score, which can lead to a higher borrowing limit and a more favourable interest rate.Making on-time repayments also improves your credit score, which can lead to higher loan limits and more favourable interest rates.Risk Warning: Loan limits, loan terms, interest rates, loans and payment schedules are subject to change.Loans carry risks and borrowing should be done with caution.Please borrow reasonably according to your personal ability, spend rationally and avoid overspending.Spend rationally and avoid excessive repayment.How do I qualify?1. You are a Philippine citizen with an invalid residential address.2. You must have a valid mobile phone number.3. You must have a valid government-issued ID.Where to repay the loan?1、E-wallets: GCash/PayMaya/others.2、Philippine convenience stores: MLhuillier/RDPawnshop/7-11/etc.Contact us:Email:[email protected]: Unit3006, OneCorporateCenter, JuliaVargasAvenue, MeralcoAvenue,OrtigasCenter, San Antonio District, Pasig City.Hours of operation: Monday to Saturday, 08:30-17:30