Billease is a buy now, pay later service in the Philippines that offers installments for online purchases. It has partnered with merchants including Lazada, Western Appliances, Kimstore, and Linen and Homes. Its app includes a loan calculator that lets you compute your monthly payments.
This service is available to Filipinos 21 years old and above with a stable source of income. Its application process takes just one business day.
Plentina
Plentina offers a purchase financing platform that allows consumers to make installment payments for in-store products. It uses machine learning algorithms to create alternative credit scores and provides an app-based purchasing solution that is available on Android devices. The company is based in California and has 1 legal entity. It is associated with the Techstars Western Union accelerator and has raised a pre-seed round from investors, including 500 Startups Vietnam Fund.
The Plentina Philippines app is designed to help people get out of financial holes. The company operates in the fintech space and is certified as a legit financial company by SEC and DTI. The app works just like any other BNPL service, except that it loans out store credits instead of cash. To use the Plentina app, you need to download the app and sign up with a valid government ID.
Once you have registered, the app will send a message to your mobile phone with a voucher code. You can then present this code at a Southstar or Puregold branch to receive your store credit. After that, you can use the store credit to buy items at a lower price.
The Plentina app also allows you to pay your loan using GCash or lemon loan login without app GrabPay. The app’s customer support will guide you through the process of completing the payment. Alternatively, you can pay your loan at any SM store using a barcode generated by the app.
TendoPay
TendoPay is an online installment payment solution in the Philippines. It allows users to purchase items through a virtual credit card that can be repaid in 2 to 24 months. The application process is fast and easy, and no collateral is needed. The company also offers low interest rates and a flexible payment schedule.
The TendoPay plugin is easy to install and can be integrated into a website’s checkout page. Once the user selects it as their check-out option, they will be redirected to TendoPay’s website where they can login and choose an installment plan. After that, they will be re-directed back to your website. The plugin does not store any sensitive information on your server, so you can remain PCI compliant.
Aside from the installment credit, TendoPay has a wide variety of payroll-enabled financial services like life and health insurance, savings accounts, cash loans and rewards. Its broad digital suite of products and services is designed to improve Filipinos’ financial literacy and reduce poverty levels.
To apply for a TendoPay loan, applicants must be 18 years old or older and have at least two officially accepted government IDs (passport, driver’s license, TIN ID). They should also have proof of income and address, such as a utility bill or water bill. They must also answer a few security questions to verify their identity. Lastly, they must agree to the Terms of Service and Privacy Policy.
Moneycat
Moneycat is a financial lending solution that offers loans to borrowers at reasonable rates. Besides providing a fast and convenient way to borrow money, the company also provides excellent customer support and security. As an authorized lending company, it follows the mandated laws of the Philippines. It is registered with the Securities and Exchange Commission (SEC) and has passed the necessary inspections. It is also compliant with the government’s regulations and guidelines on online borrowing.
The application process is easy and simple. All you need is a bank account in your name, an ID card, and a phone number that will be used to receive the money you’re applying for. Then, you can fill out the online registration form and submit it to Moneycat. Upon submission, the company will review your application and transfer the funds to your bank account.
During the early stages of your relationship with Moneycat, it is important to pay on time and build trust. This will help you get more loans and establish a good credit history. Moneycat will increase your loan limit during reloaning if you’ve been a responsible borrower.
Moneycat has multiple repayment channels for borrowers to use, including direct deposit, 7-Eleven, authorized Bayad Centers, LBC branches, GCash, and DragonPay (Moneycat PH generated ID). In addition, you can make repayments at selected Robinsons Department Store branches.
Tala
Tala is a mobile lending app that offers small loans of $10 to $500 to under-served consumers and businesses. It uses a smartphone to instantly underwrite and disburse loans, and it also enables financial literacy through its robust library of educational content. The company has a strong reputation in the field and is committed to responsible borrowing and avoiding over-indebtedness.
Tala’s unique approach to credit scoring and underwriting has enabled it to reach more than 6 million customers in Kenya, Mexico, and the Philippines. Its innovative app combines the power of big data with local knowledge and expertise to serve customers in their communities. The company’s vision is to build an equitable financial system that works for everyone.
The brand identity for Tala is based on geometric shapes that evoke the arches and doors customers walk through each day as they open up new opportunities. These shapes double as contrasting uppercase letters for the wordmark, and they are arranged in mosaic patterns that can be animated to create dynamic digital contexts.
Founded in 2014, Tala’s loan platform provides access to small-dollar loans to underserved individuals. Its mobile-first strategy and unique technology help empower people to achieve their goals, and its customers are often able to avoid loan sharks and traditional banks. Currently, Tala lends to more than 22,000 people daily in Kenya, Mexico, and the Philippines.
