Direct Loan TW - For OFW in TW 3.3.0

Direct Loan serves as a financial partner for individuals seeking short-term cash loans. The service strives to offer a straightforward and user-friendly credit solution tailored to the needs of Filipinos. The application process is designed to be simple, enabling borrowers to access funds quickly and conveniently to support their family needs in the Philippines.

Product Overview:

• Loan Amount: ₱5,000 to ₱100,000
• Loan Term: 91 days (minimum, including renewal period) to 365 days (maximum, including renewal period)
• Maximum Annual Percentage Rate (APR): 30%
• Disbursement Fee: None
• Additional Fees: One-time Processing Fee, Guarantee Fee (monthly), and Service Fee (monthly). These vary between 0% and 5% depending on the loan terms.

Fee Illustration Example:

• For a 180-day loan with an interest rate of 12% on a principal of ₱20,000:
• Interest: ₱20,000 x 12% = ₱2,400
• Processing Fee: ₱20,000 x 0.2% = ₱40
• Service Fee (per month): ₱10,000 x 0.2% x 6 months = ₱240
• Guarantee Fee (per month): ₱10,000 x 0.2% x 6 months = ₱240
• Total repayment amount: approximately ₱22,920, inclusive of interest and fees.

Reasons to Consider Direct Loan:

• An online platform offering accessible peso-denominated loans with streamlined procedures.
• Simplified application process with quick approval and disbursement.
• Competitive interest rates and flexible loan amounts.
• Options for long-term repayments and installment plans.

Eligibility Criteria:

Direct Loan caters to Filipino individuals aged 18 and above with a valid mobile number and a stable source of income. Borrowers can apply using just two valid IDs. Loan limits and periods are adjustable based on the applicant’s creditworthiness; providing additional data can help improve credit scores and borrowing capacity.

Our Mission: Direct Loan — For a Better World

The app offers instant personal loans for urgent cash needs through automated online processes. With minimal documentation—just two valid IDs—loans can be approved within as little as three minutes. Our goal is to provide fast approvals and excellent service, striving to be the most reliable loan platform available.

Company Information:

• SEC Registered Name: iDIRECT FINANCE COMPANY INC., operating under the trade name Direct Loan
• Business Name: Direct Loan
• SEC Registration Number: 2021080023709-02
• Certificate of Authority: F-21-0010-64

Contact Details:

• Website: https://www.directloan.ph/
• Facebook: https://www.facebook.com/iDirectFinance
• Email: [email protected]
• Address: 26th Floor The Podium West Tower ADB Ave, Ortigas Center, Mandaluyong, Philippines

Please ensure that you carefully review all terms, conditions, and disclosure statements prior to proceeding with any transaction.