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Online Loans loanph Pilipinas – OLP Loan Review

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Online Loans loanph Pilipinas – OLP Loan Review

loanph If you are looking for a loan in the Philippines, you have probably heard of Online Loans Pilipinas (OLP). This online lender has an official website, mobile app, and other methods of obtaining funding. It also accepts biometrics, such as face recognition and ID selfie. In order to apply for a loan with OLP, all you have to do is enter your mobile number and other personal information.

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The application process with OLP is entirely paperless, with the process taking no longer than 5-10 minutes. Once approved, you can have your money in your bank account in seconds. Individuals aged 22 to 70 are eligible to apply. The loan process is easy and quick, and first-time borrowers can even receive money with zero interest and no processing fees. The SEC is monitoring the OLPs‘ operations to make sure they are operating safely.

The application process for a loan with OLP is fast. Most loans are granted within 15 minutes. You can apply on the website or through the mobile app, and the entire process only takes fifteen to twenty minutes. OLP does charge a 500P late payment fee. You can avail of repeat loans up to Php 25,000P, with repayment times of up to 12 months. There are some cons to OLP, though, and this review will give you some insight into the pros and cons.

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