mactan smart large loan reviews: legit or scam

Mactan Smart Large Loan: A Fast and Easy Way to Get a Loan in the Philippines

Are you in need of quick cash to pay for unexpected expenses or emergencies? If so, you might want to check out Mactan Smart Large Loan, a loan app available on the Google Play Store that targets Filipino users. With over 5,000 downloads and positive reviews, Mactan Smart Large Loan claims to offer fast and easy loans with flexible loan amounts and repayment terms. In this blog post, we’ll take a closer look at Mactan Smart Large Loan and see how it works.

What is Mactan Smart Large Loan?

Mactan Smart Large Loan is a loan app that provides unsecured loans to individuals who need fast cash. The loan amounts range from ₱50,000 to ₱3,000,000 with a loan tenure of 6 to 36 months. The service fee ranges from ₱100-800, and the monthly effective interest rate is around 2.8% but can vary depending on the due date. The maximum annual percentage rate (APR) is 35.8%, and there is a late fee of 0.05% per day.

How to Apply for a Loan with Mactan Smart Large Loan?

To apply for a loan with Mactan Smart Large Loan, you need to download the app from the Google Play Store and complete the loan application in just three minutes. You will need to provide your personal information, government-issued ID, and a valid phone number. Once your loan is approved, you can choose your repayment date freely.

Why Choose Mactan Smart Large Loan?

Flexible Loan Limits: You can get up to ₱3,000,000 with the freedom to choose your repayment terms, for up to 1080 days.

Easy Process: The online application is quick and simple, with no need for paper documents.

24/7 Online Review: Mactan Smart Large Loans offers 7*24h online review, apply at any time and get approved within minutes.

Exclusive Privacy: Mactan Smart Large Loan takes your privacy seriously, ensuring the highest level of security for your data.

Special Offers: Maintain a good credit record and repay on time to unlock higher loan amounts and longer terms.

Is Mactan Smart Large Loan Safe and Legit?

Mactan Smart Large Loan is registered with the Securities and Exchange Commission (SEC) and has a Certificate of Authority No.1454. The company is owned by REAGLE GROUP LENDING INCORPORATED. The loan app also takes your privacy seriously and ensures the highest level of security for your data.

Final Thoughts

Mactan Smart Large Loan is a loan app that offers fast and easy loans to Filipino users. With flexible loan amounts and repayment terms, it can be a convenient option for those who need quick cash. However, it’s important to note that borrowing money always carries risk and you should carefully consider your financial situation before taking out any loan. If you have any questions or concerns, you can contact Mactan Smart Large Loans through email at cs@mactansmartlargeloans.com or visit their office in Makati.

Summary

Mactan Smart Large Loan is a popular loan app that has become a go-to solution for Filipinos looking for quick and hassle-free loans. With over 5,000 downloads on Google Play, it has established itself as a reliable source of funds for those who need it.

The app offers flexible loan limits ranging from ₱50,000 to ₱3,000,000, with repayment terms of 6 to 36 months. This allows borrowers to choose a loan that is suitable for their financial needs and budget. The app charges a service fee of ₱100 to ₱800, depending on the loan amount and repayment term. The monthly effective interest rate (EIR) averages at 2.8%, but this may vary depending on the due date. The maximum annual percentage rate (APR) is 35.8%, which is reasonable compared to other loan apps in the market.

When taking out a loan with Mactan Smart Large Loan, borrowers should take note of the late fee, which is 0.05% per day, and the applicable taxes (DST and GRT), which are 10%. These fees are important to keep in mind as they can add up and affect the overall cost of the loan.

Mactan Smart Large Loan is operated by REAGLE GROUP LENDING INCORPORATED, a registered financial institution with the Securities and Exchange Commission (SEC). Its Certificate of Authority No. 1454 ensures that the app operates within the guidelines set by the regulatory body, which is reassuring for borrowers.

One of the advantages of Mactan Smart Large Loan is the easy application process. The app can be downloaded from Google Play and installed on a smartphone. The online application is quick and simple, with no need for paper documents. Borrowers only need to provide basic personal information, including a government-issued ID and a valid phone number.

After submitting the application, borrowers can get their loan approved within minutes. Mactan Smart Large Loan offers 24/7 online review, which means that borrowers can apply at any time and receive a response promptly. The app also offers exclusive privacy, ensuring the highest level of security for borrowers’ data.

Maintaining a good credit record and repaying the loan on time can unlock higher loan amounts and longer repayment terms, which is a great incentive for responsible borrowers.

Mactan Smart Large Loan has an office located in Salcedo Village, 141 Valero, Corner Sedeño, Makati, 1227, Philippines. Their customer service team is available from Mondays to Fridays, 9:00 AM – 6:00 PM. For inquiries, borrowers can reach out to them via email at cs@mactansmartlargeloans.com.

In conclusion, Mactan Smart Large Loan is a reliable loan app that offers flexible loan amounts and repayment terms, easy application process, and prompt approval. The app operates within the guidelines set by the regulatory body, ensuring that borrowers are protected. Borrowers should take note of the fees and taxes that come with the loan and ensure that they repay the loan on time to unlock better terms in the future.

5 Comments

  1. I am avictim of mactan smart large loan. Because of my desire to get the loan that they are offering i paid 750 fir the service fee, 1500 fir the processing fee and 5000 for the widrawal fee. . After im done with the payments the app hang ed and remove my payment records. They dont have a costumer support that i can talk with their email add is unfound too!

  2. This online loan is scam… I trust the process to pay ..but we have the same experience it is connected to shoppe pay where the payment received…they are scammer….hope the police authorities caught this people behind.dont download

  3. I am also a victim of this loan app. Mactan smart large loan app made me believed that if i can produce the fees that they are asking me to pay, i will be able to get a huge amount which i planned to use for my chemo therapy. So i decided to risk all the money that i have, after all the payments the app suddenly hanged up. There is no support lines to inquire and the email add that they posted cant be found too.. i really need a help.

  4. Sad to say i was also a victim i badly needed funds for my capital turnover that’s why i risked to pay for the bank service fee as it says after paying it a system prompted asking me.to pay for.the processing fee which is 3 percent which i refused to pay instead i asked them to refund the service fee i just paid them because i am cancelling my loan but up to now there was no response

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