This MoneyCat review will cover some of the most frequently asked questions about MoneyCat Philippines, such as its legitimacy, benefits, requirements, interest rate, registration process, repayment method, and suitability.
If you want to learn more about this convenient and flexible loan service, keep reading.
- Summary of MoneyCat review Philippines
- What is MoneyCat Philippines?
- Is MoneyCat legit or not?
- MoneyCat loan payment terms
- Why choose MoneyCat loan app?
- Drawbacks of MoneyCat Philippines
- MoneyCat requirements
- MoneyCat loan interest rate
- Example of MoneyCat loan interest calculator
- How to take a loan in MoneyCat PH app step-by-step
- MoneyCat Reviews and Feedback
- How to pay MoneyCat loan Philippines
- What if I have MoneyCat unpaid loan?
- Compare MoneyCat app to other lending apps in Philippines
- MoneyCat contact number
- FAQs – MoneyCat review in Philippines
- Wrapping Up – Should you apply to MoneyCat Philippines?
Summary of MoneyCat review Philippines
|✅ MoneyCat review||⭐ Good|
|✅ Amount||⭐ ₱500 – ₱20,000|
|✅ Term||⭐ 90 – 180 days|
|✅ Age||⭐ 22 – 70 years old|
|✅ Interest rate||⭐ Up to 0.39%/day|
|✅ Legit?||⭐ Yes|
|✅ Pros||⭐ 0 interest loan app|
|✅ Cons||⭐ Short repayment term|
|✅ SEC registered loan app?||⭐ Yes|
|✅ Procedure||⭐ Login|
|✅ Conditions||⭐ Only ID Card|
|✅ Guide to||⭐ Take a MoneyCat loan Philippines|
|✅ Harassment||⭐ Legal|
|✅ Complaints||⭐ No|
|✅ Level of efficiency rating||⭐ Good|
|✅ App download||⭐ Here|
|✅ Contact number||⭐ 0968 874 7401 / 0968 869 3937|
What is MoneyCat Philippines?
MoneyCat is an online lending app/website that offers instant cash loans to Filipinos. It provides loans from 500 to 20,000 pesos with flexible repayment terms and competitive interest rates. Customers can apply for a loan online and receive the money within 15 minutes. MoneyCat Philippines also allows customers to choose their loan amounts and repayment periods according to their financial situation and ability to repay the loan.
Is MoneyCat legit or not?
Yes, MoneyCat is legit. MoneyCat Philippines has a valid Registration No. CS201953073 and a Certificate of Authority To Operate Number: 1254 issued by the Securities and Exchange Commission, and complies with the Data Privacy Act of 2012. It has a transparent repayment system with no hidden fees.
MoneyCat loan payment terms
MoneyCat loan app has flexible and transparent loan payment terms that suit your needs and budget. You can choose a repayment period between 90 and 180 days, and use the loan calculator on their website to see the total amount you need to pay back.
Why choose MoneyCat loan app?
Here are some of the reasons why you should choose the MoneyCat loan app for your financial needs:
- Easy to apply: You don’t need to provide any income proof, guarantors, or collateral. All you need is a valid ID and a bank account.
- Fast to approve: You can get a decision in minutes and receive the money in your account within 30 minutes.
- The first loan with the MoneyCat app will have no interest charges, up to 10,000 pesos.
- Transparent and fair: You can see the interest rate, fees, and total amount to repay before you sign the contract.
- Secure and reliable: Your personal and financial information is protected by encryption and privacy policies.
- Accessible and convenient: You can apply for a loan anytime and anywhere, using your smartphone or computer. You don’t have to waste time and money going to a physical office or waiting in line.
- Friendly and helpful: MoneyCat customer service team is ready to assist you 24/7.
Drawbacks of MoneyCat Philippines
These are some of the drawbacks of borrowing money from MoneyCat Philippines:
- They charge quite high interest rates for their second loans.
- The repayment term is not very long. In fact, it is quite short compared to other lenders. You can only borrow money for up to 180 days, which is six months.
- The age requirement is not very low. You have to be at least 22 years old to get a loan at MoneyCat app.
To be eligible for a MoneyCat loan, you need to be at least 22 years old. You also need to be living in the Philippines and have a stable source of income.
Plus, you need to have a mobile phone number and a bank account where you can receive the loan amount.
MoneyCat first loan
If this is your first time applying for a MoneyCat online loan, you will need to provide an accepted ID as proof of your identity.
You can use your passport, driver’s license, UMID, SSS ID, or TIN ID. You will also need to fill out an online application form and submit a selfie with your ID.
MoneyCat repeat loan
If you have already borrowed from the MoneyCat app before and repaid your loan on time, you can apply for a second loan without providing any additional documents.
You just need to log in to your account and choose the loan amount and term that suit your needs.
MoneyCat loan interest rate
MoneyCat Philippines offers a quite competitive interest rate of 11.9% per month.
However, they also offer a 0% interest rate for first-time borrowers. This makes it an attractive option for those who need quick cash for emergencies.
Another benefit of choosing a MoneyCat loan is that they do not charge any application processing fee or disbursement fee, unlike some other online lenders.
Example of MoneyCat loan interest calculator
Suppose you want to borrow 10,000 pesos from the MoneyCat loan app for a term of 4 weeks. The interest rate is 6% per month, and you have to pay weekly.
- Weekly principal = 10,000 / 4 = 2,500 pesos.
- Weekly interest = 10,000 x 0.06 / 4 = 150 pesos.
- Weekly total payment = 2,500 + 150 = 2,650 pesos.
Therefore, you will have to pay 2,650 pesos every week for four weeks. The total amount that you will pay back is 10,600 pesos.
How to take a loan in MoneyCat PH app step-by-step
You can apply for a MoneyCat loan in just a few minutes by following these simple steps:
Step #1: Enter loan amount
Go to the homepage at this link:
and select the amount of your loan. Then, enter your name, email, and phone number, and click on the «Get Cash Today» button.
Step #2: Fill in personal information
Provide your personal information, such as your address, date of birth, monthly income, relative’s contacts, bank account number… Make sure to provide accurate and complete details to avoid delays or rejections.
Step #3: Take a photo of ID Card
Upload a clear photo of your ID Card and a selfie with your ID Card. All the photo’s details must be visible and legible. This is to verify your identity and prevent fraud.
Step #4: Confirm phone number
Confirm your phone number and agree to the terms and conditions of the loan. You will receive a verification code via SMS that you need to enter on the website.
Step #5: MoneyCat disbursement
Wait for the approval and disbursement of your loan. The MoneyCat app offers fast approval time, usually within 30 minutes. If approved, you will receive your money via bank account within minutes.
To learn more about how to apply for a MoneyCat Philippines loan, watch this video tutorial:
MoneyCat Reviews and Feedback
I recently applied for a loan from the MoneyCat app Philippines. I needed some extra cash to consolidate my debts. I was able to borrow 20,000 PHP for 90 days with an interest rate of 6% per month.
The application process was fast and easy, and I received the money in my bank account within 30 minutes after approval. I was very relieved with the service and the terms of the loan.
I decided to write this MoneyCat review to share my experience with other people who might need a quick and convenient loan.
You can also see some pictures of other positive feedback below.
How to pay MoneyCat loan Philippines
MoneyCat PH offers you several convenient and secure options to pay your loan in the Philippines. Here are three of them:
- Option 1: E-wallets. Some of the popular e-wallets in the Philippines are GCash, PayMaya, Shopee Pay, and Coins.ph.
- Option 2: Over the counter. Some of the over the counter payment centers that accept MoneyCat loan payments are 7-Eleven, LBC, Bayad Center, Robinsons Department Store, SM Payment Counters, Cebuana Lhuillier, Western Union, Palawan Pawnshop, Villarica Pawnshop, ECPay Center.
- Option 3: Online banking. Some of the online banking options in the Philippines are BDO, BPI, Metrobank, LandBank, PNB, RCBC, UnionBank, and Security Bank.
What if I have MoneyCat unpaid loan?
If you fail to repay your MoneyCat loan on time, you will incur late payment fees and penalties, which will increase your debt and affect your credit score.
Moreover, they may report your delinquency to the credit bureaus, which will make it harder for you to get loans from other lenders in the future.
Furthermore, MoneyCat Philippines may resort to legal actions or third-party collection agencies to recover the money you owe them. This may result in harassment or even lawsuits.
Therefore, it is important that you pay your loan as soon as possible. Here are some steps you can take to do so:
- Contact MoneyCat Finance and explain your situation. They may be willing to offer you an extension if you show good faith and cooperation.
- Cut down on unnecessary expenses and prioritize your loan repayment.
- Seek help from family, friends, or other sources of income.
Compare MoneyCat app to other lending apps in Philippines
|Criteria||MoneyCat||Kviku loan||Cash-Express loan|
|Amount||₱500 – ₱20,000||₱1,000 – ₱25,000||₱1,000 – ₱20,000|
|Tenor||3 – 6 months||Up to 6 months||7 – 30 days|
|Age||22 – 70 years old||20 – 55 years old||21 – 70 years old|
|Interest rate||Up to 11.9%/month||0.16%/day||1.99%/day|
|Approval time||30 Minutes||20 Minutes||15 minutes|
Source: State Bank research.
MoneyCat contact number
If you have any complaints or feedback, you can contact MoneyCat customer service, there are several ways to do so:
- Company: MoneyCat Financing Inc.
- Contact number (hotline): 0968 874 7401 / 0968 869 3937
- Address: Unit 1701 Tycoon bldg Pearl Drive St., Brgy San Antonio, Ortigas Center, Pasig City, Philippines.
- Email address: email@example.com
- Website: https://moneycat.ph/
FAQs – MoneyCat review in Philippines
For more information about MoneyCat loan review, please refer to the responses below for some of the most common questions.
How to pay MoneyCat loan through GCash?
To pay your MoneyCat loan through GCash, you need to follow these steps:
- Open the GCash app on your device.
- Tap on the Pay Bills option.
- Tap on the Loans category.
- Select Dragon Loans/Dragon Pay from the list of billers.
- Enter the required payment details:
- Reference number (This is your 8-digit MoneyCat Lifetime ID number).
- Contact number (This is the mobile number you registered with MoneyCat Philippines).
- Payment amount.
- Tap on Next to proceed and Confirm to complete the payment.
Is MoneyCat SEC registered?
The answer is yes, they are. MoneyCat company has been registered with the Securities and Exchange Commission (SEC) since June 2019, with Registration No. CS201953073.
How to delete account in MoneyCat app?
To delete your account in the MoneyCat PH app, you need to follow these steps:
- Open the app on your phone and log in to your account.
- Tap on the menu icon (three horizontal lines) on the top left corner of the screen.
- Tap on “Settings” and then on “Account”.
- Tap on “Delete Account” and confirm your decision by entering your password or OTP code.
- You will receive a confirmation message that your account has been deleted.
Note: You will still need to repay your outstanding balance according to the terms and conditions of your loan agreement.
How to cancel loan in MoneyCat PH app?
To cancel your loan in the MoneyCat loan app, you need to follow these steps:
- Contact the customer service by email at firstname.lastname@example.org or by phone at 0968 874 7401 or 0968 869 3937.
- Explain the reason why you want to cancel your loan and provide your loan details such as loan amount, loan term, and repayment schedule.
- Wait for the confirmation from customer service that your loan cancellation request has been accepted and processed.
- Check your bank account to see if the loan amount has been returned to MoneyCat Philippines.
Wrapping Up – Should you apply to MoneyCat Philippines?
We hope that this MoneyCat review has helped you to understand this online lending platform better and to decide whether it suits your needs and preferences.
If you are looking for a fast and reliable way to borrow money online, MoneyCat Philippines might be a good option for you.
Thank you for reading our review. Please rate this article 5 stars and leave your comments below. CDNDongKhoi.edu.vn would love to hear your feedback and suggestions.