MoneyCat PH offers a user-friendly lending application, and here are some key details to address your questions. The MoneyCat apk app is accessible to all Philippines residents. You can freely download the MoneyCat Philippines app and secure a fast loan with just an internet connection and your mobile device. As of our last verification, the MoneyCat loan app is compatible with both Android and iOS platforms and enjoys a commendable average user rating of 4.3.
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Top 10 Online Loan In Philippines – Only ID Card Required
Update 09/2023
(Online Loan Application)
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Introduction to MoneyCat Philippines
What is MoneyCat Philippines (PH)?
MoneyCat Financing Inc. stands as a prominent financial institution operating within the Philippines, serving as your reliable partner in addressing your financial needs. This platform offers comprehensive guidance and expert recommendations on navigating the loan application process.
MoneyCat lending streamlines the process of obtaining financial solutions, ensuring a swift and hassle-free experience. To get started, simply complete an online registration form. Following a thorough verification of your information, funds will be deposited directly into your bank account within a day. For added convenience and expedited loan processing, you can also download the MoneyCat loan app from Google Play.
Is MoneyCat legit?
In the Philippines, every financial institution must adhere to legal regulations and obtain the necessary authorization to operate. This authorization is granted by the Securities and Exchange Commission (SEC), the regulatory body overseeing such matters. To verify the legitimacy of financial companies, individuals can refer to the official website, sec.gov.ph, which provides lists of duly examined and trustworthy entities:
- LIST OF LENDING COMPANIES WITH CERTIFICATE OF AUTHORITY
- LIST OF FINANCING COMPANIES WITH CERTIFICATE OF AUTHORITY
Upon our investigation, we verified MoneyCat’s compliance, and it is listed among the authorized Financing Companies. Below, you will find the relevant data for your reference.
| Financing Company Name | Moneycat Financing Inc. |
| Registration No. | CS201953073 |
| Certificate of Authority | 1254 |
| Anniversary Date | 20-Nov-19 |
MoneyCat harassment?
If you fail to meet your repayment obligations promptly, you may wonder about the potential for harassment from MoneyCat or collection agencies. Rest assured, MoneyCat, like any legitimate company, will pursue debt recovery strictly within legal boundaries. If your credit agreement allows for collaboration with debt collection agencies, you may receive calls from them as well. To prevent any online lending-related harassment in the Philippines, it is advisable to seek loans exclusively from officially registered and licensed lending companies.
Benefits of MoneyCat Loans
Many individuals opt for MoneyCat’s 24-hour payday loans due to the following advantages:
- Simplified Application: Offers a hassle-free application process that eliminates the need for extensive paperwork. If you meet the requirements, you can anticipate swift or even immediate loan approval.
- Security: In addition to the seamless approval process, MoneyCat prioritizes the security of your personal information. The company has demonstrated compliance with the Data Privacy Act and holds a certificate of registration (No. PIC-002-945-2019) issued by the National Privacy Commission (NPC).
- Convenience: Ensures quick access to your loan funds, often providing same-day disbursement upon application approval. Additionally, the repayment process is user-friendly, offering both online and offline payment options.
- Accessibility: Sets borrower-friendly requirements and loan terms that are straightforward to fulfill. Plus, loan extensions are possible by settling 7% of the borrowed amount alongside applicable charges.
Moneycat Loan Cons
While MoneyCat Philippines offers several advantages, it also comes with certain drawbacks:
- Loan Limit: Restricts users to a maximum loan of 20,000 pesos, which may fall short of the financial requirements of some borrowers.
- Short-Term Focus: Primarily offers short-term loan packages, making it less suitable for customers seeking longer-term borrowing solutions.
- Higher Interest Rate: The interest rates loans tend to be higher than those offered by traditional banks or financial institutions.
- Additional Fees: Users should be aware of additional fees, including service fees, application processing fees, account management fees, and late fees.
- Risk of Bad Debt: Online borrowing carries a risk of accumulating debt, especially if users struggle to repay loans on time. Consequently, borrowers should exercise caution and consider their financial situation carefully before using this service.
Moneycat loan requirements
To qualify for a loan, you must meet the following mandatory requirements:
- Be a Filipino citizen.
- Fall within the age range of 20 to 60 years.
- Possess a valid government-issued identification card.
- Maintain a stable source of income.
MoneyCat PH Loan Limit
First Loan
Borrow between 1,000 to 10,000 pesos for up to 30 days. The first loan is interest-free, matching the amount borrowed. Moneycat’s initial loan limit is PHP 500-10,000.
Reloan
For your second loan with Moneycat, you can borrow between 10,000 to 20,000 pesos for up to 30 days, with a maximum 2nd loan amount of PHP 20,000.
MoneyCat interest rates
Moneycat Philippines offers relatively low interest rates, with an annual rate capped at 145%. New customers enjoy a 0% interest rate on their first loan. The interest rate remains consistent whether you use the loan app or the official website. While Moneycat’s interest rates surpass those of Philippine banks, they remain competitive within the lending industry.
MoneyCat Interest Calculation Example
MoneyCat Interest Calculation Example:
- Loan Amount: 1,000₱ – 20,000₱
- Credit Term: 90 – 180 days
- Annual Interest Rate: 200% (365% for overdue)
- Late Payment Fee: 500₱ (per missed monthly payment)
Example: Borrower takes 5,000₱ for 90 days, repaying 7,500₱ in 3 equal installments, including 2,500₱ in interest fees, without additional debts.
Step-by-Step Instructions for Applying for a MoneyCat Loan
- Step 1: Visit Moneycat’s homepage through the following link:
- Step 2: Input Personal Details
- Step 3: Input your address.
- Step 4: Kindly furnish details about your employment.
- Step 5: Share the contact information of your family members.
- Step 6: Enumerate your bank account details.
- Step 7: Include a photograph of yourself and images of your documents.
- Step 8: Input your phone number.
- Step 9: Review the loan agreement terms and confirm your agreement by signing via SMS.
How can I repay the MoneyCat loan?
There are multiple payment options available for MoneyCat loans. Select the one that suits you best for added convenience.
How to pay MoneyCat in Gcash
This is the most widely used method for repaying Money Cat loans in the Philippines. Now, let’s explore how to make a Money Cat loan payment through Gcash.
- Access your GCash account and select “Pay Bills.”
- Navigate to the “Loans” section.
- Select “Dragon Loans.”
- Provide the required payment information.
- Click “CONFIRM” to proceed.
- Finalize your payment.
Other ways to repay MoneyCat loan
To repay your Money Cat loan, you can visit any of the following locations:
- 7-Eleven,
- LBC,
- Bayad Center,
- Robinson’s Malls,
- Robinson’s Bank,
- SM Payment Counters or ECPay Center,
- Cebuana Lhuillier,
- Western Union Robinson’s Bank,
- Palawan Pawnshop LBC,
- Villarica Pawnshop PBCom,
- LandBank Equicom Bank,
- Philtrust Maybank.
Customers feedback
We’ve conducted a search for Money Cat reviews on your behalf, and it’s evident that customers hold Money Cat Philippines in high regard. The Money Cat app boasts an impressive 4.5 rating on Google Play, and here are a few snippets from the reviews. If you have any Money Cat app reviews or opinions to share, please feel free to post them in the comments section!
FAQs
Who can get a MoneyCat online loan?
Every Filipino citizen is eligible to access the funds. Online registration and applications are open to residents across the Philippines, regardless of their location within the country.
How do I know if my application is approved?
Updates regarding your application status will be sent to the phone number and email address you provided during registration. Additionally, once your application is approved, you will receive both an SMS and an email notification.
What if I have unpaid MoneyCat loan?
MoneyCat strictly adheres to Philippine legal regulations when it comes to debt collection. This implies that the company will pursue debt collection through lawful channels. For instance, MoneyCat reserves the right to contact you at the phone number provided in your application form. Additionally, the company representative may reach out to your listed contacts. In the event of continued non-repayment, MoneyCat retains the right to initiate legal collection proceedings based on the terms of the loan agreement.
Please note that unpaid loans can adversely affect your credit history and lead to a reduction in your credit rating.
Customer support
MoneyCat Philippines prioritizes excellent customer support in its mission to enhance credit services for Filipinos. You can reach Money Cat through the following contact numbers:
- Smart/TNT/SUN: 0919 084 2138, 0919 084 2139
- Globe/TM: 0917 710 8022, 0917 209 2204
You can also contact the company via email at support@moneycat.ph. Head office at 10F, Rockwell Business Center, South Tower, Sheridan, Brgy. Highway Hills, Mandaluyong City. While the head office is situated here, MoneyCat exclusively conducts its loan disbursements online and does not have physical branches.
Conclusion
MoneyCat PH stands as a respected and adept online financial service in the Philippines, delivering unsecured loan options with fair interest rates to efficiently cater to customers’ borrowing requirements.
