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Get loan up to PHP 50,000 in 15 minutes using 1 valid ID.

  • icon Interest Rate
    Interest Rate
  • icon Min Loan Amount
    Min Loan Amount
  • icon Min. monthly income
    Loan Tenure
    10 - 30 days
  • icon Processing Time
    Processing Time
    Within the day

Loan Calculator

icon New Base Rate Loan Calculator

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Whats so great about Vamo?

  • Get loan up to PHP 50,000 in 15 minutes

  • Requires 1 Valid ID only

Product Features

Approval Duration Within the day
Min. Financing Amount ₱ 1000
Max. Financing Amount ₱ 30000
Min. Loan Tenure 10 days
Max. Loan Tenure 30 days
Interest Rate 1.3%

Fee & Charges

Processing Fee ₱100 fixed processing fee


Age requirement 20 - 65 years old
Guarantor/Collateral Requirement No

Other Requirements

Need to open linked bank account? Yes

Review by iMoney

Vamo Lending is a financial technology company that provides lending services to individuals in the Philippines. It operates as an online platform, making it convenient and accessible for borrowers to apply for loans.

The process of obtaining a loan through Vamo is simple and user-friendly. Borrowers can start by visiting the company's website or mobile app and creating an account. They will then be required to provide necessary personal information and upload supporting documents. Another option is to apply through the iMoney online application form. Once we receive your completed application, our friendly Customer Care agent will contact you to assist with your application.

Once the application is submitted, Vamo utilizes advanced algorithms and data analysis to assess the borrower's creditworthiness and determine their eligibility for a loan. This process typically takes a short amount of time, allowing borrowers to receive quick decisions on their loan applications.

If approved, borrowers can choose their desired loan amount and repayment terms within the options provided by Vamo Lending. The funds are then disbursed directly into the borrower's designated bank account or digital wallet.

Repayment of the loan is typically done through automatic deductions from the borrower's bank account on agreed-upon dates. Vamo Lending offers flexible repayment options, allowing borrowers to select a repayment plan that suits their financial capabilities.

Overall, Vamo aims to provide accessible and efficient lending services to individuals in need of financial assistance in the Philippines. By leveraging technology and data analysis, they strive to make borrowing processes more convenient while ensuring responsible lending practices.

Learn more about the features and benefits of Vamo Online Loan:

  • Application only takes 5 minutes with same day approval.
  • Only 1 valid ID required in order to apply.
  • No income requirement, no collateral required.
  • Loanable amount starting from ₱1,000 up to ₱30,000.
  • Loan repayment starts from 1 month up to 10 months.

Here are some frequently asked questions about Vamo Online Loan:

Vamo Online Loan FAQ

What are the eligibility criteria for applying for a Vamo online loan?

To be eligible for a loan with Vamo, there are certain criteria that you must meet. First and foremost, you must be a Filipino citizen or a permanent resident of the Philippines. You should also be at least 20 years old but not more than 65 years old at the time of application. Additionally, you must have a stable source of income to ensure your ability to repay the loan.

The loan application process with Vamo Loan is simple and straightforward. You can apply online through their website or mobile app. The application requires basic personal information such as your full name, contact details, employment information, and monthly income.

When it comes to the requirements for the loan application, you will need to provide valid identification documents such as government-issued IDs (e.g., passport or driver's license), proof of address (e.g., utility bill or bank statement), and proof of income (e.g., pay slips or certificate of employment).

Credit score plays an important role in determining your eligibility for a loan with Vamo Loan Philippines. While they do consider credit history as part of their evaluation process, having a low credit score does not necessarily disqualify you from obtaining a loan. Vamo Loan takes into account various factors when assessing your application.

Income verification is crucial in ensuring that borrowers have sufficient means to repay their loans. To verify your income, Vamo Loan may request documents such as bank statements or payslips. These documents help them assess your financial stability and determine an appropriate loan amount.

What are the loan amounts and repayment terms offered by Vamo loan?

Vamo Lending Philippines offers flexible loan amounts and repayment terms to cater to the diverse financial needs of individuals. With Vamo Loan, borrowers have the freedom to choose the loan amount that best suits their requirements, ranging from a minimum amount of ₱1,000 up to ₱30,000. The repayment terms ranges from 1 month up to 10 months and are designed to be convenient and manageable, allowing borrowers to have enough time to repay their loans. This flexibility ensures that individuals can borrow responsibly and comfortably meet their financial obligations without undue stress.

How long does it take to get approved for a Vamo online loan?

When it comes to securing a loan, the approval process and processing time are crucial factors for borrowers. In the Philippines, Vamo Loan has emerged as a reliable lending platform that offers an efficient approval process with quick processing times.

The approval process of Vamo Loan is designed to be user-friendly and hassle-free. Borrowers can easily access their website or mobile app to begin the application process. The platform requires applicants to provide necessary personal information, such as identification documents, employment details, and income verification. The entire process should only take about 5-10 minutes.

Once the application is submitted, Vamo Loan utilizes advanced artificial intelligence algorithms to analyze the provided information and determine loan eligibility. This automated system allows for a quick evaluation of applications, reducing the time-consuming manual review processes often associated with traditional lending institutions.

One notable advantage of Vamo Loan is its remarkably fast processing time. Unlike traditional banks that may take several weeks to review loan applications, Vamo Loan strives to provide borrowers with swift decisions within just a few hours or even minutes. This accelerated processing time enables borrowers in urgent need of funds to obtain financial assistance within the same day.

What are the interest rates and fees associated with Vamo loans?

Vamo loans offer competitive interest rates and transparent fee structures to borrowers. Their interest rates starts at 1.3% and their processing fee is set at ₱100.

Interest rates are usually determined based on various factors such as the borrower's creditworthiness, loan amount, and repayment term, so the specific interest rate for each borrower may vary. However, Vamo strives to offer competitive rates that are in line with industry standards.

In terms of fees, Vamo aims to keep them minimal and transparent. Common fees associated with Vamo loans may include an processing fee, which is a one-time charge for processing the loan application.

Additionally, there may be late payment fees or insufficient funds fees if a borrower fails to make timely payments or if their payment method does not have sufficient funds.

It is recommended for borrowers to carefully review the terms and conditions of their specific loan offer from Vamo to understand the exact interest rates and fees associated with their loan.

Can I apply for a Vamo loan if I have a bad credit history?

Vamo Lending provides loan options to individuals, even those with a bad credit history. Understanding the challenges faced by individuals with poor credit scores, Vamo Loan aims to provide accessible financial solutions.

When it comes to loan applications, Vamo Loan takes into consideration various factors beyond just credit score. While having a good credit score can certainly increase the chances of loan approval, Vamo Loan understands that people's financial situations can change and may not always reflect their past credit history.

While having a bad credit history may affect the terms and conditions of the loan offered by Vamo Lending, it does not necessarily mean an automatic rejection. The institution evaluates each application on an individual basis and considers other factors such as current financial stability and repayment capabilities.

It is important to note that improving your credit score over time can positively impact future loan applications. By demonstrating responsible borrowing habits and making timely repayments on existing loans or debts, individuals can gradually rebuild their creditworthiness.

In conclusion, Vamo Lending Philippines provides opportunities for individuals with bad credit histories to avail loans when they need financial assistance. Although eligibility criteria are in place, including stable income sources and meeting age requirements, having a poor credit score does not automatically disqualify applicants from obtaining loans through Vamo.

How can I apply for a Vamo loan? Is the application process online?

Applying for a Vamo loan in the Philippines is a straightforward process that can be done online. To start your application, you will need to visit the official website of Vamo and create an account. Once you have registered an account, you can proceed with filling out the loan application form.

To be eligible for a loan with Vamo Loan Philippines, applicants must meet certain criteria. Applicants should be:

  • Filipino citizens
  • 20-65 years of age
  • Living and working in the Philippines
  • With 1 valid ID