LF Lending Multi-Purpose Loan

Advantages Of Applying With LF Lending:

• Fast and convenient application process through your mobile phone.
• Loan amount of up to ₱10,000.
• Low eligibility criteria.
• Loan disbursement in as fast as 5 minutes!
• Simple, real-time application process in just 3 steps.

Convenient and easy application process coupled with fast cash out, LF Lending Multi-Purpose Loan comes as a solid option for individuals with immediate need of funds. Go through the details and other FAQs below to learn more about the product.

LF Lending Multi-Purpose Loan FAQ

How much can I borrow?

With an LF Lending Multi-Purpose Loan you can borrow starting from as low as ₱1,500 up to a maximum of ₱10,000, subject to approval.

What are LF Lending’s requirements?

Applicant must meet LF Lending's eligibility criteria to qualify for the loan:

• Must be 20 to 60 years old.
• Must be a Filipino citizen.
• Must have a verifiable, stable income.
• No minimum length of tenure for employment.
• At least one (1) valid government-issued photo ID.

*Additional documents may be required during credit evaluation.

What is LF Lending Multi-Purpose Loan's interest rate?

The interest rate for the LF Lending Multi-Purpose Loan could go as low as 0.5% per day.

Are there any other applicable fees and charges?

Other applicable fees and charges are advance rates and post day interest as follows:

• For new clients: Advance rate - 15% - 25%; Post day interest - 0.5% - 1.3% for a period of 14 - 28 days.
• For existing clients: Advance rate - 10%; Post day interest - 0.4% - 1.4% for a period of 14 - 28 days.

What are LF Lending’s disbursement channels?

All loans are disbursed exclusively online. You can receive your approved loans using the following channels:

• Coins
• Gcash
• PayMaya
• MLhuillier
• GrabPay PH
• RD Pawnshop
• OmniPay
• Banks - Unionbank, Malayan Bank, AUB, BDO, BPI, Maybank, Metrobank, PNB, Security Bank, China Bank, Chinatrust, EastWest Bank, EqB, PSBANK, Robinsons Bank, UCPB, RCBC, Land Bank.

How does LF Lending Multi-Purpose Loan calculator work?

The LF Lending Multi-Purpose Loan calculator computes the estimated cost of borrowing and the amount of payment per installment. You just need to input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

Is LF Lending Multi-Purpose Loan the right one for me?

LF Lending is ideal for individuals who are in urgent need of additional funds. Although the maximum loanable amount is quite low, they make it up with their fast and easy application process as well as timely loan approval and disbursement. The aim is to immediately address an individual’s cash flow bind and help them get through their current financial predicament.

With every step done through the mobile app, it is a very convenient way to borrow funds and receive them in a timely manner through disbursement channels available nationwide. Having LF Lending as a safe and reliable, fast loan option is definitely a welcome addition to the online consumer finance market in the country.

There are similar options available in the market as well as the more traditional loan products that you may also want to consider. Take a look at the selections below:

CIMB Personal Loan

With CIMB Personal Loan you can borrow from ₱30,000 to ₱1,000,000 with an interest rate from as low as 13.47% per annum and add-on rate of 1.12% per month. The loan approval process is as fast as 10 minutes and loan tenure ranges from 12 to 60 months. To be eligible for this loan, you must be 21 - 65 years of age with a minimum monthly income of ₱15,000 as an employed or self-employed individual.

Citi Personal Loan

Citi Personal Loan offers 24 hours loan approval for those looking for immediate financial assistance. It has one of the longest loan tenures in the market, ranging from 1 up to 5 years. You can borrow from as low as ₱20,000 up to ₱2,000,000 with 26.9% - 30.9% effective interest rate per annum. To qualify, you must have at least ₱21,000 gross monthly income and a current credit card holder for at least 6 months.

ACOM Revomax Cash Loan

As a relatively new player in the lending scene, ACOM Revomax Cash Loan offers a fast loan approval turnaround time of just 1 day! You can borrow from as low as ₱5,000 up to ₱500,000 with a flexible repayment scheme and no maximum loan tenure. The interest rate ranges from 3.315% - 4.563% per month. To apply, you have to be 21 - 65 years of age, with at least ₱7,000 gross monthly income and employment tenure of at least 3 months. No collateral or credit card required.

With the increasing number of financial service providers in the market, you now have more options to compare and choose from based on your requirement. Highlighting providers that offer online or app-based services, check our list of fast cash online loans on our site and apply for the product that best suits your needs.