Best Loan Apps | Top 10 Legit Loan Apps for 2023 (My List!)
Summary
TLDRIn this vlog, the host introduces various financial apps and platforms available in 2023, focusing on their loan offerings. Apps like Quick Loans from Union Bank, Key Credit, G-Credit, and Ready Credit from CIMB Bank are discussed, highlighting their ease of application, interest rates, and repayment terms. Additionally, Maya e-wallet and Shopee's SP Credit are mentioned for their digital banking and loan services. The video also touches on BillEase, a flexible loan platform with automated applications. The host emphasizes the importance of good credit standing and provides links for further information.
Takeaways
- π The video discusses various apps and platforms for financial services in 2023.
- π¦ The first app mentioned is Quick Loans by Union Bank, a legitimate bank in the Philippines offering online loan applications.
- πΌ Union Bank may send invites or pre-approvals for Quick Loans, which can simplify the application process.
- π° The interest rate for Quick Loans is reasonable, typically between 2-3%, with loan amounts up to 250,000 pesos over 15 months.
- π G Credit is a financial product that functions like a revolving credit card, with acceptance at over 70,000 merchants nationwide.
- π’ G Credit offers loans up to 125,000 pesos, depending on the user's G score, with repayment terms up to 12 months.
- ποΈ G Cardless is an alternative to home credit, allowing purchases online or offline through installments with no down payment required.
- π Ready Credit by CIMB Bank is available for regular employees and self-employed individuals, offering revolving credits and installment loans.
- π‘ Maya e-wallet is a digital bank offering loan products similar to G Credit, but without the need for a G score.
- π Shopee and SP (ShopeePay) offer installment payment options for purchases, with interest rates less than 5% depending on the user.
- π BillEase is a fully automated loan platform requiring a valid ID, proof of income, and contact information for application.
- π§ All mentioned platforms send reminders via text and email, emphasizing the importance of timely repayment.
Q & A
What is the main topic of the video?
-The main topic of the video is discussing various financial apps and platforms offering loan products in 2023.
What is Quick Loans and who offers it?
-Quick Loans is a loan product offered by Union Bank, a bank established and regulated in the Philippines.
What is the significance of receiving an invite or pre-approval from Union Bank for Quick Loans?
-Receiving an invite or pre-approval from Union Bank for Quick Loans makes the application process easier and almost guaranteed.
What is the interest rate range for Quick Loans offered by Union Bank?
-The interest rate for Quick Loans is reasonable, typically between 2 to 3 percent, depending on the user.
What is G Credit and how does it relate to GCash?
-G Credit is a financial product by GCash that functions like a revolving credit card, where the credit limit depends on the user's G score.
How does G Credit compare to Home Credit in terms of offerings?
-G Credit is a good alternative to Home Credit, allowing for purchases online or offline through installments with a 30% down payment.
What is CIMB Bank's Ready Credit and what is required for it?
-Ready Credit is a loan product by CIMB Bank that requires either payslip for regular employees or business income proof for self-employed individuals.
What is the process for applying for a loan with BillEase?
-BillEase is a fully automated loan platform where you can apply online with a valid ID, proof of income, a working email, and phone number.
What is the interest rate for loans offered by Shopee and Lazada?
-The interest rate for loans offered by Shopee and Lazada is less than 5 percent, depending on the user and the processing fee.
What is Maya e-wallet and what additional services does it offer?
-Maya e-wallet is a digital bank regulated by the Central Bank of the Philippines that also offers loan products similar to G Credit.
What advice does the video give regarding the use of these financial apps?
-The video advises to use these apps responsibly, to ensure good credit standing, and to check for accurate information before applying for loans.
Outlines
π± Mobile Loan Apps and Financial Products Overview
The video script introduces a variety of mobile apps and platforms available in 2023 that offer loan products and financial services. It emphasizes the convenience of these services, especially for phone calls, and provides a week-long access period for users. The script mentions that the apps will be discussed in no particular order, with individual comments on each app and links for further information provided in the description box. The first app highlighted is Quick Loans by Union Bank, which is a legitimate offer from a regulated bank in the Philippines. The script advises viewers to look out for pre-approvals to simplify the application process and mentions reasonable interest rates and loan amounts that can be borrowed.
π³ Exploring Digital Credit and E-Wallet Loan Products
This paragraph delves into various digital credit and e-wallet services that offer loan products. It starts with G Credit, which is linked to a user's G score and allows for revolving credit similar to a credit card, accepted by numerous merchants nationwide. The script mentions the ease of use and the importance of maintaining a good credit score for higher loan limits. It then discusses other loan products like Ready Credit by CIMB Bank, which caters to both employed individuals with payslips and self-employed individuals with business income. The paragraph also covers Maya e-wallet, which functions as a digital bank and offers loan products, and Shopee and SPi Global's installment options. The summary highlights the flexibility of these products, the importance of proof of income, and the convenience of transferring credit limits to installment loans.
π¦ Automated Loan Platforms and Financial Responsibility
The final paragraph of the script focuses on automated loan platforms, starting with BillEase, which requires a valid ID, proof of income, and contact information for application. The script points out that while some users may find the interest rates on these platforms higher compared to credit cards or banks, it's important to remember that not everyone qualifies for such products. It emphasizes that platforms like BillEase are good alternatives for those who may not be eligible for traditional banking products. The script also touches on the importance of financial responsibility, advising viewers not to feel overwhelmed by loan applications and to be patient with the process. It concludes by inviting viewers to share suggestions in the comments and looks forward to their presence in the next video.
Mindmap
Keywords
π‘Vlog
π‘Quick Loan
π‘Union Bank
π‘Pre-approvals
π‘Interest Rate
π‘G Credit
π‘CIMB Bank
π‘Maya e-wallet
π‘Shopee
π‘BillEase
π‘Digital Banking
Highlights
Introduction to a vlog discussing various apps and platforms for financial services in 2023.
Quick Loans by Union Bank is a legitimate financial service regulated in the Philippines.
Union Bank may send invites or pre-approvals for Quick Loans, simplifying the application process.
Interest rates for Quick Loans can vary between 2 to 3 percent depending on the user.
Users can borrow up to 250,000 pesos with a repayment term of up to 15 months.
Introduction to G Credit, a financial product that functions like a revolving credit card.
G Credit is accepted by over 70,000 merchants nationwide.
Users can borrow up to 125,000 pesos with a repayment term of up to 12 months.
Gives is an alternative to home credit, allowing purchases online or offline through installments.
Gives requires a 30% down payment and has a credit limit of up to three times the user's monthly income.
CIMB Bank offers revolving credits and installment loans for employees and self-employed individuals.
CIMB Bank's loan products can be transferred into a 12-month installment loan.
Maya e-wallet is a digital bank offering loan products similar to G Credit.
Maya Credit does not require a G score but encourages frequent use of the Maya app.
Shopee and SPi Global offer installment options for purchases with varying terms and interest rates.
BillEase is a fully automated loan platform requiring only a valid ID, proof of income, and contact information.
BillEase offers flexible loan products with interest rates that may be higher than credit cards or banks.
The vlog concludes with a reminder to use financial apps responsibly and the invitation for suggestions in the comments.
Transcripts
hey everyone welcome back to another
Vlog so today
apps or platforms
2023 because you're more absolutely guys
when it comes to phone calls
and the best thing is
for seven seven days so if you want to
know I know your mom alone guys then
please keep watching
[Music]
foreign
pass away so I'm going to share with you
these apps in no particular order and
I'm just going to comment on each
individual app and then I will include
links home where you can find out more
about these apps
you first app is in Quick Loan in offer
new Union Bank you can apply for it
online it is offered by quick Union bank
and Union Bank is a bank
established and it's regulated
Filipinas so this belt is 100 legit
there's a few things that you just need
to remember about this quick loans
a Union Bank guys because from time to
time Union Bank will send invites or
pre-approvals
and this will make your application 100
very easy and almost approved
application so if you want to see coupon
book applies a union bank or if you want
to know more about this Union Bank
workloads you can check the link in the
description box below but moving on it
don't see quick loans guys new
interesting is very reasonable so
between two or three percent maybe it
depends from one user to another you can
learn up to 250
000 pesos
up to 15 months depends on
and it should be happy let's go now to
my next
app and that is
guys let's talk about key credit because
I think umg credit is the First
Financial product availability cash
depending on your G score it's like a
revolving credit
card then
for purchase online
um
offline stores and many things is
accepted in over 70 000 I think that's
changed Merchants Nationwide and it's
easy and convenient to use
guys just be sure
credit score
credit score
you can loan up to 125 than Facebook I'm
not sure because since that happened I
was offered 25 000 pesos
you can pay for it up to 12 months so
installment I know my name is
but if you you know you've dealt with so
many Oilers before
me so which leaves us to disturb utang
product
and that is
g gives is a very good alternative to
home credit because with three gifts but
they come a purchase online or offline
through installments
30 down payment at the moment
multiple G gifts for as long as your
credit limit allows up to three dollars
between
um I guess around three percent then per
month I know
but if we're going to compare it without
I think this one is reasonably okay take
note that these products you know offer
New Jersey on your g-score so you have
to use gcash very often and that but
good do credit standing a product small
loan products but also with the loan
products offer no other companies or
other institutions the next one is ready
credit or CIMB low
they're offered by CIMB Bank pH it's a
bank therefore it's also regulated
Pilipinas registered with the SEC or
otherwise in this wedding
process because usually
are regular employees
payslip or those who are
um self-employed
business income
you can go for every creative facility
in the CIMB Bank mainly revolving
credits
statement whatever amount whatever is
you can transfer your credit limit
Credit you can turn your credit limit
into installment loan as long as 12
months depending on the amount proposing
interest is around three percent or two
percent dependency group Shopper user
but I've created different videos
discussing these apps in this detail be
sure to check the description box for
links to these individual videos and now
we can proceed to our next applications
the next thing you should have is you
Maya e-wallet aside from being an
e-wallet is also a digital back and as a
digital bank it's regulated by Banco
Central Philippines
Philippines with this guys Maya offers
loan products as well
similar to G credit only that g score
you cannot really measure
credit you just need to use use use use
it a lot until it takes Kanya available
so far okay
interest but hey
um I think Maya credit is worth your
time because why any more reminders
then right now
and start using it always open the next
two loan products are the ones offered
by shopee and talking about SP liters
let's first talk about
um SP later CSP later extensions
in installment so depending on the
amount that division in one month two
months three months up to six months a
new international is only is less than
five percent I think it depends on the
user and your processing piece whatever
piece is
foreign
I was given a credit limit of 10 000
pesos
and you can pay it in installments again
then you can transfer it to either gcash
or another bank account
guys because you can have multiple loans
at the same time for as long as
shopping and finally guys
and that is
is Bill ease is a lone platform flexible
it offers different loan products now
Bill East is fully automated so you can
apply for it online all you need is just
one valid ID proof of income that's very
important
statement guys and a working email and
phone number you have to also make sure
that you email much
is also the same email with Lazada why
because most of us even I when I had my
buildings account you first product you
first loan products
is
around it's somewhere you know three
percent or four percent which some
people find it high and they would often
compare this with credit card companies
or Banks but come on guys not everyone
is qualified by a small loan products
and you know offered it back or not
every is qualified to have a credit card
so Bill East is actually a good
alternative now with Bill is guys
um most a lot of people in the apply is
not approved just be sure not accurate
new information
ID at
proof of income number per person
[Music]
good standing with other financial
institutions
guys and I hope you find them helpful
and I'm not exactly recommending these
apps but the reason why because
they really don't call they just send
texts and email reminders and just make
sure
now when these apps always always
remember
[Music]
don't feel bad about
patience is
[Music]
[Laughter]
[Music]
[Applause]
[Music]
[Applause]
[Music]
um so right now guys I can't think of
any other app
but if I come across another Abner
then I will share or feel free to give
suggestions in the comment section below
and let me know what you think and I
hope to see you again on my next video
bye
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