Digido: A Reliable Financial Institution for Online Loans in the Philippines

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In the Philippines, any financial company wishing to engage in trading must obtain the necessary permit according to the law. The Securities and Exchange Commission (SEC) serves as the main authority responsible for granting such permits to financial and banking entities. For consumers seeking trustworthy companies, the official website of SEC, sec.gov.ph, provides a list of approved entities. One of the reputable financial institutions in the country is Digido, offering online loans within the Philippine market. This article aims to provide a professional review of Digido’s services in the financial sector.


Mazilla Loan

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
MoneyCat Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

20000 ₱

Approval in

5 minutes

First loan free

no
Zaimoo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Binixo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
Digido Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no

Digido’s Credit Offering

Digido, as a financial entity, extends loans and credit facilities to its users in the Philippines. The loan amount ranges from PHP 1,000 as the minimum to PHP 10,000 as the maximum. The repayment period can vary between 7 and 180 days, providing flexibility for borrowers.

Loan Requirements

To be eligible for a loan from Digido, applicants must fulfill the following minimum conditions:

  • Age between 21 and 70 years old (no clients under 21)
  • Philippine nationality (loans typically not granted to foreigners)
  • Demonstrable recurring income from official employment or other stable sources
  • Presentation of a valid government-issued identification card
  • Possession of a valid mobile phone number

These requirements are straightforward, enabling individuals with low salaries to access loans in the Philippines.

Applying for the First Digido Loan

To take advantage of Digido’s loan offers ranging from PHP 1,000 to PHP 10,000, applicants need to visit the company’s official website, digido.ph. There, they will find an online loan calculator that allows them to simulate their desired loan amount. By providing their phone number, users can initiate the loan application process. The financial institution will then contact applicants to notify them of their loan approval status.

Canceling a Digido Loan

Once a loan agreement has been signed via SMS, it cannot be canceled. The loan amount will be promptly transferred to the borrower’s bank account. In such cases, the only option is to repay the loan as soon as possible. It’s crucial to note that cancellation is only feasible before signing the loan contract.

Interest Rates with Digido

Digido offers comparatively low interest rates when compared to other financial institutions or banks in the Philippines. The company states that its annual interest rate does not exceed 143%. Additionally, new Digido clients can benefit from a 0% interest rate for their first loan. Taking advantage of this offer is particularly advantageous for first-time borrowers.

Utilizing Digido’s Online Loan Calculator

Digido provides an online loan calculator on its official website, allowing individuals to initiate the loan process. By inputting their desired loan amount, users can view the applicable interest rate along with the total cost of the loan.

Increasing the Digido Loan Limit

To increase the loan limit granted by Digido, borrowers must meet the following requirements:

  • Timely repayment of loans to qualify for new offers
  • No outstanding debts with other companies
  • Consistently providing updated personal information during loan reapplications
  • Applying for loans within the same company to demonstrate loyalty and unlock new offers

By meeting these criteria, borrowers can enhance their loan limits and access increased funding opportunities.

Repayment Options for Digido Loans

Digido loans can be repaid through various methods, allowing borrowers to choose the most convenient option for their specific needs. Popular repayment methods include Gcash and bank transfers.

Requesting an Extension for Digido Loans

If borrowers wish to extend their Digido loans, they have the option to do so before the payment due date. Extensions can be requested for periods of 7, 14, 21, or 30 days. However, it’s important to note that requesting an extension incurs an additional fee on the total loan amount.

Managing Unpaid Loans with Digido

In the event of an unpaid loan with Digido, it is crucial to promptly notify customer services to address the situation effectively. Direct communication will enable borrowers to find suitable solutions and prevent any potential complications.

Digido Customer Service

Digido offers customer service support through their hotline, reachable at (02) 8876-84-84. The customer service team operates during extended business hours, from 8:00 AM to 5:00 PM daily.

Promotions for New Digido Customers

As with other financial institutions, Digido provides promotions to attract new customers. These promotions often include special offers for first-time borrowers. For example, new customers can benefit from their first loan, up to 7 days, with 0% interest. To stay updated on Digido’s latest promotions, individuals can subscribe to the company’s communication channels or join relevant groups.

Advantages of Digido’s Loan Services:

Requesting a loan through Digido comes with several advantages, including:

  • Completion of a single online loan application
  • Quick response time, with loan approvals often provided within 20 minutes
  • Instant money disbursement to approved borrowers

Conclusion

Digido stands out as a reliable financial institution offering online loans in the Philippines. With its simplified application process, favorable interest rates, and flexible repayment options, Digido provides an accessible solution for individuals seeking financial assistance. Whether you are a new customer or a loyal borrower, Digido’s services cater to a wide range of needs within the Philippine market.

4.7/5 - (7 votes)

7+ Fast Loans Online in the Philippines - First 0% loan in 15 minutes

Finloo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Mazilla Loan

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
MoneyCat Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

20000 ₱

Approval in

5 minutes

First loan free

no
Zaimoo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
CashSpace Loan

Loan type

Short term

For a period of

120 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Binixo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
Digido Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
mr.cash loan Changed status to publish June 9, 2023