This website helps to find loans for customers, acting as an intermediary between a client who is looking to take a loan and a licensed financial institution. Fintree offers information services, and is not responsible for any loan agreement, or for the actions, inactions, and interest rates of any lender.
General Terms of Lending
- Minimum repayment period: 3 months.
- Maximum repayment period: 3 years (36 months).
- Maximum Annual Percentage Rate (APR): 180%.
Example of Loan Calculation
For a loan of 10,000 pesos with an APR of 72% (including all applicable fees) that will be paid in 3 months, the total payment of the loan will be 11,800 pesos.
Late Loan Payment Consequences
Late loan payments can result in a variety of consequences, including late fees, a damaged credit score, and potential legal action by the lender. While you cannot be imprisoned for unpaid loans alone, the lender can file a civil case to recover the debt.