Instamonie

How Does It Work?

instamonie.com is a web platform that helps you find loans. Loans up to ₱ 25000 are issued for a period of four months to citizens of the Philippines aged 18 or older. The loan amount depends on the terms set by your financial institution. We cannot guarantee that each institution will offer you a loan for the maximum amount with the longest repayment period.

The general requirements to the borrowers are:

  • Legal citizenship in the Philippines
  • 18–65 years of age
  • A valid SSS or TIN, and UMID card
  • Any form of income (official or unofficial)

Generally, it takes up to 30 minutes to apply and get an approval. All you need is specify how much you would like to borrow and for how long, fill out a basic form (name, ID, etc.), and send it through our service. We will give you a list of lenders who have a pre-approved loan for you. Next, you choose a loan and read through the terms and conditions. If you decide to agree to the terms, the financial institution will credit the funds to your account or credit card. You can complete your loan application at any time, there are no obligations to commit to anything.

Frequently asked questionsPrivacy policyContactsCommission and Fees
CookiesAbout usHow it worksTerms and Conditions

Material Disclosure

We represent Fininity Ltd, which acts a credit broker. We are not a lender. instamonie.com does not directly offer any type of loans or consumer loan products.

Repayment Periods and Interest Rates

The loans offered on instamonie.com have a minimum repayment period of 120 days (four months) and a maximum of 180 days (six months). APRs range from 0% to 36%. Interest rates vary from lender to lender.

Collection Policy

Please contact the lender directly if you are having trouble repaying. They will be able to discuss payment options with you. The lender reserves the right to give your information to a third-party collection agency, should the situation remain unresolved.

Consequences of Default

instamonie.com always recommends repaying on time. If you cannot, each lender has their own policies on fees/interest and how they handle debt collection. Most lenders will contact you by regular mail, email, or phone to change your payment terms. Nonpayment may result in penalties and/or increased interest. We recommend that you contact your lender as soon as you know there is an issue; otherwise, your credit history may get affected.

Late Payments

If you are unable to repay within the loan period, you need to contact your lender right away. Lenders may charge a fee for late payments, which averages about 0.03% of the amount owed for personal loans and credit cards. Please remember that you will likely incur additional fees if you pay late or not at all, which could add up. For more information about late payment fees, please contact your lender directly and be sure you have read the terms in your loan agreement.

Extensions

If you would like to extend your loan, you should contact your lender before missing a payment. Most lenders charge the same interest rate and commissions for another month on the total amount due. The loan may be renewed or extended automatically in the event of late or nonpayment. Additional interest and/or fees may be charged to your account. Please, think carefully before extending your loan, as doing so may substantially increase the amount you pay.

Address: Paadi tee 3, Haabneeme, 74001 Harju maakond, Estonia.

© 2024 instamonie.com