- Interest Rate (p.a.)
18.00% - 18.00%
- Loan Tenure
0.5 - 1 years
- Approval Duration
3-5 working days
- Min. monthly income
Loanable amount up to ₱250,000 with no collateral or credit card required!
Apply for a FundKo Personal Loan and get approved as much as ₱250,000.
What's so great about FundKo Personal Loan?
- Flexible payment terms from 3, 6, 9 up to 12 months
- No credit card or collateral required
|Min. financing amount||₱15,000.00|
|Max.financing amount|| ₱250,000|
|Min. loan tenure||3 months|
|Max. loan tenure||12 months|
|Interest rate||1.5% to 3% per month|
|Approval duration||3-5 working days|
Fees & Charges
|One time set up|
|Processing fee||6% of the principal loan amount|
|Disbursement & misc. fee||N/A|
|Late payment charges||6% per month|
|Age requirement||Age 20 - 65|
|Employment eligibility||Regular employee of a registered corporation in the Philippines|
|Min. salary requirement||₱20,000 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked banked account?||No|
|Other details||Post-dated check (if the borrower has no existing checking account, FundKo can endorse the client to Eastwest Greenhills branch)|
Product Review by
FundKo Personal Loan FAQ
FundKo is an online crowdlending site that matches the borrower and the lender directly through their portal. By going direct to consumers, it minimizes the process resulting to better rates for borrowers and higher interest for lenders. With the goal of connecting those who are in need of funds to those who have excess, it promotes a sense of community that addresses both party’s needs. FundKo which is a subsidiary of Guevent Investments Development Corporation (GIDC) which have been operating for over 50 years with expertise in financing, transportation, and real estate, will be in charge of credit and background checks, verification of documents and contracts, up to collection and repayment management. All done in a secure, confidential, and timely manner.
Advantages Of Applying With FundKo:
- No credit card or collateral needed.
- 18% interest rate per annum.
- Flexible loan tenure of 3, 6, 9, up to 12 months.
- Fast processing time in just 3 - 5 days.
For more info, check out the rest of the details below.
How much can I borrow?
You may borrow from as low as ₱15,000 to as much as ₱250,000
What are the FundKo Personal Loan Requirements?
An applicant must fulfill FundKo's's eligibility criteria for a personal loan:
- Applicant must be a regular employee
- Must be at least 20-65 years old.
- Must be residing or working in these areas: NCR, Cavite, Laguna, Batangas, Rizal, Davao City, Lucena, Pampanga, Bulacan
- Minimum net monthly pay of at least ₱20,000
Consequently, after filling out an application form, the following documents are necessary:
- 1 month latest payslips/Certificate of Employment, whichever is readily available
- Latest Proof of billing under the borrower's name
- 2 government IDs with date of birth
*Additional documents may be requested prior to loan release.
How does the FundKo Personal Loan Calculator work?
The FundKo Personal Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
Still not the right fit? You can browse around with the options listed below which have similar features based on your requirement:Cashwagon Cash Loan
Asteria Personal Loan
South Asialink Credit Corporation Salary Loan
There are still the conventional personal loans for those looking at higher loan amounts and longer payment tenure if you are not too keen on applying for fast, short-term cash loans. Take a look at our full list of low interest personal loans available on our site and compare their features and get the best rates before applying.