Curious about the Vamo Philippines loan? Wondering about its legitimacy? Need guidance on how to log in to Vamo Ph and the necessary requirements? In the following article, cdhanam.edu.vn will walk you through five simple steps to register on the Vamo app for a convenient and hassle-free approval process.
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TOP 10 ONLINE LOAN IN PHILIPPINES – ONLY ID CARD REQUIRED
Update 09/2023
(Online Loan Application)
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Overview of Vamo Philippines loan
What is Vamo Philippines?
Vamo presents an entirely digital cash loan platform designed to offer a hassle-free and smooth experience, featuring attractive low interest rates. Vamo Lending Inc. operates as part of the VIA SMS Group, a prominent financial entity in both Europe and Asia. With a customer base exceeding 700,000 individuals, Vamo leverages top-tier talents and cutting-edge technology. This user-friendly cash loan app ensures a seamless process without needing to step out of your secure and comfortable surroundings.
If you’re inquiring about the legitimacy of Vamo Lending Inc., rest assured that the company operates within legal boundaries. Vamo Philippines holds registration with the SEC and possesses appropriate certification. While the Vamo lending app is currently in its developmental phase for the Philippines, you can already initiate loan applications through their website.
Is Vamo legit?
Every financial institution intending to operate within the Philippines must adhere to legal mandates and obtain the necessary authorization. The Securities and Exchange Commission (SEC) oversees this process. On the official website, sec.gov.ph, you’ll discover comprehensive rosters of evaluated and reliable companies:
Upon examination, we verified Vamo’s presence in the LIST OF LENDING COMPANIES, and the following data pertains to the company:
| Company Name | Vamo Lending Inc. |
| Registration No. | CS20200000915 |
| Certificate of Authority | 3261 |
| ANNIVERSARY DATE | 09-Mar-20 |
Pros of Vamo Philippines
The Vamo loan platform has provided financial assistance to over 700,000 clients across 7 distinct nations, offering a range of advantages including:
- Streamlined loan application process, mandating only a single valid identification document.
- Swift loan disbursal without the need for in-person meetings, collateral, endorsements, or property assessments.
- Boasting an approval rate surpassing 90%, ensuring rapid approvals within just 15 minutes.
- Vamo Ph’s legitimacy is affirmed, with transparent disclosure of loan details and clear communication of monthly interest rates to customers.
Cons of Vamo Ph Loan App
Nevertheless, the Vamo application is not without its drawbacks, including:
- Initial borrowers are restricted to borrowing a maximum of 10,000 pesos.
- The loan duration is brief, capped at a maximum of 30 days.
- Accompanied by high interest rates, the process also entails an extra application processing fee of 100 pesos per loan.
Vamo loan requirements
In order to apply for Vamo, you must:
- Hold Filipino citizenship and fall within the age range of 20-65 years.
- Possess a valid ID.
- Be employed or belong to specific professional categories.
Vamo loan interest rates
Vamo Philippines offers loans at an interest rate of 1.3% per day. The initial loan period spans 10 days. You have the option to either settle the full loan amount or opt for minimum monthly payments, which will be followed by invoicing every 30 days. The available loan amount ranges from 1000 to 30000 pesos. Additionally, there is a loan processing fee of PHP 100.
Vamo Philippines calculator
As an illustration, let’s consider a scenario with the following Vamo loan details:
- Loan Amount: PHP 1,000
- Processing Fee: PHP 100
- Interest Rate: 1.3% per day
If you opt for full repayment after 30 days:
- Total Payment: PHP 1,490 (Loan: PHP 1,000, Interest: PHP 390, Fee: PHP 100)
Alternatively, if you choose to pay only the minimum monthly payments:
- Initial Minimum Monthly Payment: PHP 520 (Loan Repayment: PHP 30, Interest: PHP 390, Fee: PHP 100)
- You will complete the loan repayment in 10 months.
Guide to get a loan in Vamo step by step
Here’s a step-by-step guide to the Vamo loan application process:
- Step 1: Begin by applying and completing the Vamo loan application form. Ensure accurate entry of your ID and phone number using the link provided below.
- Step 2: Await approval for your Vamo Philippines loan, a process that takes merely 5 minutes.
- Step 3: Verify that your references are accessible to communicate with Vamo.
- Step 4: Thoroughly review, analyze, and sign the contract.
- Step 5: Once your loan is sanctioned, you’ll receive notification about the availability of your funds.
- Step 6: Within a span of 24 hours, and possibly sooner, the Vamo cash loan will be transferred directly to your bank account.
Refer to the following video tutorial:
How to pay Vamo loan?
You have several options to repay your Vamo loan, including online banking, in-person banking, or using e-wallets like Gcash, Grabpay, and Paymaya.
In case you encounter difficulties with repaying an outstanding Vamo loan, it is crucial to promptly reach out to Vamo via support@vamo.ph. We strongly advise making timely payments to prevent incurring extra charges. Failure to meet the payment deadline will result in continuous reminders to settle the outstanding balance.
How to pay Vamo Ph via GCash?
Here’s a simplified step-by-step guide:
- Log in to your Vamo Ph account using your registered phone number and password.
- Choose “Make a Payment.”
- Opt for GCash as your payment method, which will lead you to the GCash e-wallet interface.
- Select “Loan Payment” and then “Bills” under “Dragonpay.”
- Enter the reference number, phone number, email, and the payment amount.
FAQs
How to login Vamo.ph?
After successfully registering for a loan on the Vamo app, customers will gain access to their personalized Vamo account. To log in to Vamo Ph, customers simply need to enter their phone number and password. This account grants borrowers the ability to monitor loan details, apply for additional loans, and settle outstanding ones. Rest assured that the account information will be maintained with utmost confidentiality.
Vamo customer service
You can reach us at our office location: Address: Unit 1606-1607, 11th Drive Corner 9th Avenue, Bonifacio Global City, Taguig City.
For inquiries or assistance, please contact us via:
- Globe Telecom: +63 917-706-9834
- Smart Telecom: +63 947-896-4568
- Email: support@vamo.ph
Conclusion
Vamo Philippines Loan stands as a well-regarded online money lending application, particularly esteemed in the Philippines. Vamo PH reviews have effectively addressed pressing financial needs for countless customers, extending loans of up to 30,000 pesos.
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