Robocash online loan - How to get cash in 15 min with 0% interest rates
Robocash is a online loan service with simple application, just need ID card, 0% interest rate support for the first time.If you are in urgent need of finance from 10.000 – 25.000 PHP, Robocash is an option you should care about. In this article, Fastloans.PH will guide you how to apply for a loan online on the Robocash application simply and quickly with some information such as:
- Loan interest rate at Robocash
- Requirement and loan application at Robocash
- 0% interest rate incentives period at Robocash
What is Robocash?
Robocash can be seen as the earliest online money loan application in Philippines today. Developed by Robocash Philippines Co., Ltd., located at Level 7 Cyberpark Tower 1, 60 General Aguinaldo Ave., Cubao, Quezon City
Robocash completely removes the human factor into the appraisal and review process. That means that all processes from receiving registration information to processing are completely automated based on Fintech technology.
Customers can easily receive a maximum loan of up to PHP 25.000 with just 10 minutes of registration and approval. Robocash loan procedure is simplified to the maximum, just ID card and bank account are eligible to borrow money at Robocash.
Interest rates at Robocash
Similar to many other fast loan applications, Robocash applies 0% interest rate for the first 7 days of loan, this is an advantage that many new customers are interested in when borrowing at Robocash. From the next loan with a term of 3-4-5-6 months, the applicable interest rate is 11.9% / month and loan service charge. Although the loan interest rate at Robocash is higher than the bank, it saves a lot of time for registration, waiting for appraisal.
Robocash loan limit
Short-term loan
— First time borrower: Php 1,000 to 10,000 payable for 5-15 days, one time payment only on the given due date.
— Repeat Borrower: Php 1,000 to 25,000 payable for 5-30 days, one time payment only on the given due date.
With an interest rate of 1.5% daily interest.
Installment loan
— First time borrower: Php 1,000 to 10,000 payable for 5-15 days, one time payment only on the given due date.
— Repeat Borrower: Php 10,500 to 25,000 payable for 90-180 days, (3,4,5, and 6 months terms) with a repayment scheme of 1 payment every 2 weeks.
Interest rate depends on amount you want to borrow and loan duration.
Advantages when apply loan at Robocash
Robocash is one of the first online loan applications in Philippines and continuously evolved in recent years, stemming from the advantages that this service brings to customers. Only take 10-15 minutes, ID card and a smartphone with internet connection, you can immediately borrow 10.000 – 25.000 PHP quickly. In addition, some other advantages when borrowing Robocash money can be mentioned as:
- Simple loan application only requires ID and bank account
- Interest rate 0% for 7 days for the first loan
- Loan registration application at Robocash has a disbursement rate up to 95%
- Enthusiastic and professional consulting staff
- Information on interest rates, service fees, and monthly payment amounts are transparent and clear
- No mortgage, no guarantee, no meeting, 100% online file
- The registration, review and disbursement process is less than 15 minutes
Besides, during the loan process, customers will be answered by the Customer Care department for any questions or information about the service immediately after receiving feedback from customers.
Disadvantages when apply loan at Robocash
No app is 100% perfect, and neither is Robocash. When registering via the Robocash loan app there is still a downside. Loan limit is quite low, borrow 5.000 PHP and maximum 25.000 PHP. That means, for customers with higher borrowing needs, it is clear that Robocash cannot support.Besides, Robocash’s loan period only lasts from 3 to 6 months, in case you want to borrow a longer time, Robocash can not meet.
Robocash loans requirements
According to Robocash website, the requirements to take the loan is quite easy. You can get a loan if you are between 21 and 70 years old and have a valid government ID. You also need a valid mobile phone and a permanent address in a city in the Philippines. You will also need to indicate your steady income. As you can see, the requirements are simple and anyone can get a quick loan from Robocash.
How to apply Robocash loan
In this section, we will guide the most detailed step by step loan registration at Robocash.
Step 1. Select loan amount
Visit the loan registration website here, then select the amount to borrow and click Register loan.
Step 2. Complete personal information
Fill in personal information including: Full name, Email, phone number, password, then click continue. Enter the confirmation code sent to the phone number provided in step 2. Complete information such as Date of issue of ID card, date of birth … Robocash loan guide
Step 3. Verify the address
Continue adding complete temporary residence address information Robocash loan guideNote: it is necessary to fill in complete and accurate residential address information for faster approval.
Step 4. Job information
Complete job description information such as industry, phone number company or colleagues … The job information is the basis for deciding whether your application is approved? In this step you need to fill in all information such as company name, phone number, title and working time at the company. In addition, you will also need to provide information including a colleague’s phone number, first and last name. Note: customers with clear job information, stable income, the rate of online loan approval will be higher. Otherwise, it will be difficult to disburse loans.
Step 5: Fill in your bank account information
Enter your bank account number or ATM card number to disburse. Note that the account must be in the name of the borrower, the main account to be considered for disbursement.
Step 6. Upload ID card
Prepare a photo of your ID card on the front, ID on the back, and photos of your selife together with your ID card then upload it to Robocash system.
Step 7: Appraisal and disbursement
At this step, Robocash’s automatic review system will preliminary assess customer information. In some specific cases, customers may be called by a Robocash consultant to verify some information before approving a loan.
How to repay at Robocash
When making payment, customers can note the following issues:
- Payment should be made early to avoid penalty fees
- Loan repayment can be made early at any time
Loan payment methods at Robocash are also quite diverse.
Payment via bank account
This is the fastest recommended way. To pay for Robocash loan contract just follow these steps:
- Step 1: Log in to the Robocash payment page with the registered phone number and password.
- Step 2: In the list of forms of payment, select the transfer method to see your Robocash account information.
- Step 3: Transfer payment amount
- Step 4: Wait for payment confirmation
Payment in cash
In addition, if you do not use Internet Banking, after getting your account number, you can go directly to the bank to deposit. Note: keep your payment receipt for verification in case of need.
Renew your Robocash loan contract
To renew the Robocash loan contract, you need to pay 30% of the principal amount to continue extending the loan.
Frequently asked question about Robocash
Does Robocash assist customers on repeat loan?
What is the maximum loan limit on Robocash?
How long will it take to receive the Robocash loan?
How long can I apply again if my Robocash loan application is rejected?
What is the loan limit for Robocash loan?
How long is the loan approval time?
Can I to cancel the loan application?
Conclusion
In times of urgent financial need, online loan registration is normal. And Robocash is not a bad suggestion for you. In this article, Fastloans.PH has provided the most complete and accurate information about the Robocash loan application. Hope has brought you useful information. Below this article, we will continue to introduce you to the series of articles introducing the most prestigious online loan applications today.
The article is from Fastloans.PH website: https://fastloans.ph/
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