Finbro.ph Review
Welcome to our comprehensive review of Finbro.ph, a leading financial platform in the Philippines that is transforming the way Filipinos approach lending and borrowing. In this review, we delve into the intricacies of Finbro.ph’s services, examining how they cater to the specific financial needs of the Filipino community. With a focus on user-friendly experiences and innovative financial solutions, Finbro.ph has established itself as a key player in the Philippine financial landscape, offering a range of products tailored to the diverse needs of its users.
Pros and Cons of Finbro
Pros
- Swift and easy loan application and approval process.
- Wide range of loan figures to meet various financial needs.
- Easy eligibility requirements.
- The loan request process can be initiated and completed online.
- Decent interests compared to other lenders.
Cons
- The loan term is quite limited (only lasts a maximum of 12 months)
- You might be charged a late payment fee if you default on repayment.
- Borrowers might want to over-borrow a loan because of the flexible terms.
Key Points
Finbro is a reputable Filipino online lending company that offers fast short-term loan options for borrowers. It’s licensed and certified to operate in the Philippines by the SEC, so it’s a legitimate loan provider. The company offers various loan figures with flexible repayments, competitive interest rates, and swift processing. Hence, it’s a suitable destination during emergencies for most people.
This lender also has a reputation for approving borrowers without credit checks or other stringent requirements. Finbro PH is a reliable online lender and a good recommendation for anyone seeking access to a quick online loan.
| Features | Details |
| Interest rate | 0.5% – 1.25% per day |
| Loan Amount | PHP 1,000 – PHP 50,000 |
| Loan Tenure | 12 Months |
| Approval Time | 10 minutes – 1 business day |
| Processing Fee | None on the first loan, then 9% on subsequent |
Full Loan Review
Finbro Loan is a Philippines online lender that offers a short-term loan. It’s a payday online lending system allowing borrowers quick access to extra cash. At Finbro Loan, you can get a reasonable amount of money into your account within 24 hours of the request.
They have a simple request and verification process that doesn’t feature any paperwork, which makes it convenient for both the borrower and the lenders. Asides from online loan financing, Finbro Philippines also provides some additional services if you don’t want to borrow money. These include debt management and credit counseling to help borrowers navigate their way into financial freedom.
What is Finbro?
Fibro is a reputable online lender or creditor that provides timely and cheap loan options in the Philippines. The provider is known to offer fast loan options that can serve as emergency funds to cover unexpected expenses. This lender offers a loan ranging from a thousand to fifty thousand pesos. Thanks to its seamless and simple website, borrowers can easily access the service anywhere they are.
The lending process is also remarkable, as application, verification, processing, and loan disbursements take a few minutes to a working day. First, you can select your preferred loan amount, sign up for the form online, and submit your details and verification document.
Finbro understands that sometimes we need an emergency loan to make ends meet, so it offers some of the best rates and most reasonable re-payment plans and even creates flexible rules that help you survive your current financial situation.
| Company Name | Finbro |
| Founder | Sofi Lending Inc |
| Official Launch | 2018 |
| License number | CS201908275 |
Loan Options Provided by Finbro
As long as your financial needs fall within the loan range, you can apply for it within any of the types listed below:
- Personal loans: Borrowers can leverage the Finbro Philippines website to gain access to a personal loan. This loan type is characterized by fast repayment and swift disbursement. So it makes the typical Finbro offer an ideal personal loan for Filipinos.
- Business loans: Aside from personal use, you can also take your credit for business purposes. Finbro can be the right place to get a loan if your business needs to cover some expenses quickly. The repayment schedule is flexible so you can repay within the right time frame.
- Emergency loans: For borrowers who need an urgent loan and don’t have any minutes to spare, Finbro also offers this service. Its funds are disbursed within minutes to a couple of hours. So it’s a good place to secure instant cash to sort emergencies.
Best Online Loans Similar to Finbro
The table we’re presenting will contain a selection of the Philippines’ top online loan platforms, similar in service to Finbro.
| Company | Loan Amount (PHP) | Interest Rate | Loan Term |
|---|---|---|---|
| Digido | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days |
| MoneyCat | 500 – 20,000 | Up to 11.9% per month | Up to 180 days |
| Kviku | 500 – 25,000 | 1.2% per month | Up to 180 days |
| Cashspace | 1000 – 25,000 | 1.3% per month | 2 – 4 months |
Interest Rate for Finbro
Finbro has different rules for its interest rates to aid borrowers and promote convenient repayment. As a first-time borrower, you’ll benefit from the lender’s 0% interest rate. This means you won’t pay any additional fee on your first loan. However, after the first time, you’ll have to start paying its interest fees.
Compared to many other online loan lenders, Finbro does have a standard. The interest here is pretty decent, even if it takes up to a year to repay fully. Unlike personal loan options with up to 100% interest, this creditor only charges you 0.5%-1.25% daily on its loan. Borrowers can check the estimated cost of their request from the website’s homepage.
You’d need to pay different interest depending on the cash loan amount and the repayment schedule. For a typical 12-month credit, you’ll be charged a 9% processing or initiation fee and a 6% interest. For example, obtaining a PHP 1,000 loan for 1 year will last you PHP 150. Hence, you pay PHP 90 for the processing fee and PHP 60 for the interest.
Finbro Cash Loan Requirements
As mentioned earlier, the process here is straightforward and hassle-free. You can get your loan right away after submitting a request. Finbro doesn’t run credit checks on borrowers, so you won’t have to meet crazy high standards to qualify. There’s no minimum credit score requirement as well, so almost anyone can qualify as long as you meet the basic requirements listed below:
- Filipino Citizen: You must be a citizen of the Philippines and not a visitor. You must also be able to back this up with the necessary documents.
- Age Range: The minimum age requirement is 20. You must be at least 20 years old and nothing above 65 to qualify.
- Verification: The team does a basic verification process when you apply, so you must be able to provide a valid means of identification. You can check out some of the accepted IDs below.
- Employment: Lastly, you must be gainfully employed and have a reliable source of income that guarantees your ability to repay the loan.
IDs accepted by Finbro PH
| ID Type | Name |
| e-Card | UMID |
| SSS | SSS ID |
| Driver’s License | Philippine Driver’s License |
| Philippine Regulatory Commission | PRC |
| Taypayer Identification | TIN |
| Postal ID | Improved Postal ID |
| Philippine Passport | Passport |
How Can You Repay a Loan in Finbro?
Generally, repaying your credit with this lender is as seamless as getting a loan in the first place. Firstly, there are two payment options available, depending on whether you have the whole amount for repayment or would repay in installments:
- Full Loan Repayment: With this option, you’ll be completely repaying your whole debt before the next payment date. This means you won’t be charged any additional fees or accumulate interest rates
- Minimum Loan Payment Option: You can pay minimum amounts for those who can’t afford an entire payment. This will delay your loan payment by 30 days and allow you to raise enough money for your next payment.
Regarding the payment methods available on Finbro PH, you can repay via transfers, payment centers, or your e-wallets.
- Payment Centers: Visit a reliable payment center and deposit into your Finbro account.
- E-wallets: Log into your account, navigate the repayment page, and select your preferred e-wallet.
- Bank Transfer: You can also send the payment amount to your Finbro account via a transfer from your bank account.
Exclusive Features of Finbro
Finbro Loan remains one of the most considerate lenders for Filipinos, although not the best one out there. Below is a list of some unique features that set the online creditor apart from others:
- Swift and Convenient: The loan request, processing, and approval process at Finbro are quite commendable, offering quick and hassle-free loan application processes. So you can easily access your funds in the shortest time possible.
- Varying Loan Amounts: You can select between a wide range of amounts to apply for depending on your financial situation. Its wide range of online loan amounts allows borrowers to find a befitting sum for their urgent needs.
- Competitive Interest Rates: This is another interesting feature of Finbro Philippines that borrowers would love. Thanks to its welcome interest rates offer, you can evade extra costs on your cash loan on your first time. Subsequent payments are also borrower-friendly, charging you the lowest possible rates and ensuring you can extra cash at the most reasonable costs.
- Easy Requirements: You don’t have to do much to qualify for a loan. The company has relatively simple eligibility criteria. So, a wider range of borrowers can access its services even without a strong credit history or high income amounts.
Finbro Customer Support
Finbro PH has a responsive and helpful customer support system. According to customer reviews online, the customer service agents are friendly and helpful in all cases. There is a well-detailed FAQ section where you can get useful answers to most of your questions.
You can also contact the support team via email ([email protected]), Hotmail, or Facebook. The working hours are between 8 am to 5 pm from Mondays to Sundays, so make sure you reach out on time (within that period).
How do I create a Finbro account?
When creating a Finbro Philippines account, you can either complete the process on the website. Below is a step-by-step process to registering an account:
- Visit the Loan Website: Visit the official website (https://finbro.ph), and click on the “Apply Now” button to get started.
- Fill out the Form: Once the registration page loads, input the necessary information, such as your full name and mobile number. Once you’ve created an account, you must also fill in your contact number, information, and other necessary details.
- Provide Required Documents: The next thing after creating your account is to verify it. You need this to qualify for an online loan, so you’ll need to provide documents like proof of income, citizenship verification, business registration, proof of age, etc
- Submit for Review: After you’ve provided all the requirements, proceed by submitting your filled form. The team will assess your application and give you feedback within a few minutes after you apply.
Whom Finbro Suits Better?
One impressive feature of Finbro Philippines loan is that it suits almost anyone. As long as you need an urgent loan and a flexible repayment schedule, this is a good option for you. Since no credit check or credit requirement exists, it’s ideal for students and small businesses during emergencies.
FAQ
Is Finbro legal in the Philippines?
Finbro is legal in the Philippines, as it has the necessary certifications to operate. For example, it holds a license from the Securities and Exchange Commission (SEC), which makes it a legitimate establishment.
Is it okay to pay in advance in Finbro?
Yes, it is okay to pay in advance in Finbro as long as you have the funds available and at no effect on you. The full repayment option on the borrower’s dashboard allows you to avoid extra charges that may be incurred.
How do I edit information on Finbro?
To edit information in your Finbro account, log in to your dashboard, navigate to the Profile section, and make the desired changes.
How do you get approved for Finbro?
To get approved for a Finbro Loan, ensure you meet all the requirements. Then, provide all the necessary documents and information required by the platform.
What is the highest credit limit in Finbro?
The lender has a wide range of amounts for borrowing to choose from, so the highest initial credit limit available here is PHP 50,000.
Finbro Competitors
| Company | Loan Amount (PHP) | Interest Rate | Loan Term | Our Review |
|---|---|---|---|---|
| Digido | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days | Read Digido Review |
| MoneyCat | 500 – 20,000 | Up to 11.9% per month | Up to 180 days | Read MoneyCat Review |
| CashMart | 3,000 – 150,000 | From 0,8% to 3,5% | Up to 6 months for new loan | Read CashMart Review |
| EasyCash | 5,000 – 25,000 | 0,33%-1% | From 1 to 300 days | Read EasyCash Review |
| Crezu | 1,000 – 25,000 | From 1.5% per month to 30% per year | From 3 to 12 months | Read Crezu Review |
| CashMe | 2,000 – 20,000 | 0,08% per day | Up to 3 months | Read CashMe Review |
| Blend | 50000 – 2 million | From 1,5% to 3% monthly | Up to 36 months | Read Blend Review |
| Binixo | 2000 – 30000 | 1% per day | From 7 days to 30 days | Read Binixo Review |
| Asteria Lending Inc | 2000 – 50000 | 0.2% per day | From 30 days to 120 days | Read Asteria Review |
| Loanmoto | 1,000 – 12,000 | 4% – 6% per month | Read Loanmoto Review | |
| Kviku | 500 – 25,000 | 1.2% per month | Up to 180 days | Read Kviku Review |
| Binixo | 2000 – 30000 | 1% per day | From 7 days to 30 days | Read Binixo Review |
| PesoQ | 5,000 – 20,000 | 4% – 6% per month | 91 – 365 days | Read PesoQ Review |
| GCash | 5,000 – 25,000 | From 3% to 15% | From 15 to 90 days | Read GCash Review |
| CashBee | 2,000 – 20,000 | 0,3% daily | From 30 to 120 days | Read CashBee Review |
| Revi Credit Philippines | 1000 – 250,000 | 1% – 5% | From 6 to 36 months | Read Revi Credit Review |
| Tala | 1,000 – 25,000 | 15% – 15.7% | From 15 to 61 days | Read Tala Review |
| OKPeso | 2,000 – 20,000 | Up to 24% | From 96 to 365 days | Read OKPeso Review |
| Vamo | 1,000 – 30,000 | From 1,3% | From 10 to 3000 days | Read Vamo Review |
| Flexi Finance | Up to 25,000 | From 365 to 1460 days | Read Flexi Finance Review | |
| JuanHand | Up to 50,000 | 14.7% per month | From 14 to 90 days | Read JuanHand Review |
| Moca Moca | 2,000 – 35,000 | 0.83% per month | From 180 to 365 days | Read Moca Moca Review |
| RoboCash | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days | Read RoboCash Review |
