Zippeso review: is zippeso loan app legit?

Introduction

Zippeso is a financial technology (fintech) company that provides online cash loans to users in the Philippines. The company is committed to providing fast and easy loan solutions to help people deal with unexpected expenses or emergencies. With a combination of “zippy” and “peso”, Zippeso aims to provide quick access to cash loans that can help Filipinos worry less about money.

Who does Zippeso serve?

Zippeso only serves Filipino citizens who are between 18 and 60 years old and have a stable income. Users are required to provide a government-issued ID to qualify for a loan. The company’s commitment to data privacy means that users can trust Zippeso to keep their personal information secure.

Why choose Zippeso?

There are several reasons why Zippeso is a great choice for those in need of a cash loan:

SEC registration

Zippeso is registered with the Securities and Exchange Commission (SEC), giving users peace of mind that they are dealing with a reputable company.

Lower interest rates

Zippeso offers lower interest rates than many traditional lenders, making it an affordable option for those who need a quick loan.

Higher loan quotas

Zippeso offers higher loan quotas than many traditional lenders, making it easier for users to get the money they need.

Reasonable loan terms

Zippeso offers more reasonable loan terms than many traditional lenders, making it easier for users to pay back their loans on time.

Simple process

Zippeso’s loan application process is simple and straightforward, making it easy for users to get the money they need quickly.

Fast disbursement

Zippeso offers fast disbursement of loans, ensuring that users get their money as soon as possible.

Friendly service

Zippeso’s customer service team is friendly and responsive, ensuring that users can get the help they need whenever they need it.

Loan amounts and terms

Zippeso offers cash loans ranging from ₱2,000.00 to ₱20,000.00 with loan terms ranging from 91 days to 365 days. The maximum annual percentage rate (APR) is 20%, and there are no transaction fees or service fees for loans.

Disbursement channels

Zippeso offers multiple disbursement channels to make it as easy as possible for users to get their money. Users can choose from almost all banks, e-wallets like GCash and Paymaya, and OTC channels like MLhuillier and Cebuana.

How loans are computed

Zippeso’s loans are computed based on the loan amount and loan term. For example, if a user takes out a loan of ₱10,000.00 with a loan term of 120 days, they will pay a total interest fee of ₱600.00 and a total service fee of ₱30.00. The total repayment amount will be ₱10,630.00. The monthly interest fee will be ₱150.00, and the monthly repayment amount will be ₱2,650.00.

The Benefits of Using Zippeso – Online Cash Loan App

Are you in need of quick cash to cover unexpected expenses? If so, you might want to consider using Zippeso, an online cash loan app that provides instant loans to Filipino citizens between the ages of 18 and 60 who have a stable income and a government-issued ID. Here are some of the benefits of using Zippeso:

Easy Application Process

One of the biggest advantages of using Zippeso is its easy application process. All you need to do is download the app from the Google Play store, create an account, and fill out the loan application form. You will need to provide some basic information about yourself, such as your name, address, and income, as well as upload a government-issued ID.

Fast Approval and Disbursement

Once you have submitted your loan application, you can expect to receive a decision within minutes. If your application is approved, the funds will be disbursed to your preferred channel, which could be your bank account, e-wallet, or OTC channel. The disbursement process is fast and seamless, so you can access the funds you need right away.

Lower Interest Rates

Compared to traditional lenders, such as banks and credit unions, Zippeso offers lower interest rates. The maximum APR is only 20%, which is significantly lower than the rates charged by many other lenders. This means that you can save money on interest charges and repay your loan more quickly.

Flexible Loan Terms

Zippeso offers flexible loan terms, so you can choose the loan amount and repayment period that works best for you. The loan amount can range from ₱2,000 to ₱20,000, while the loan term can range from 91 days to 365 days. This gives you more control over your finances and helps you avoid taking on more debt than you can afford.

Multiple Disbursement Channels

Zippeso offers multiple disbursement channels, so you can choose the one that is most convenient for you. You can receive the funds in your bank account, e-wallet, or OTC channel, such as MLhuillier, RDPawnshop, 711, or Cebuana. This makes it easier to access the funds you need, no matter where you are or what time it is.

SEC-Registered and Data Privacy Guaranteed

Zippeso is a legitimate lending application that is registered with the Securities and Exchange Commission (SEC) of the Philippines. This means that you can trust Zippeso to keep your personal and financial information safe and secure. Zippeso also guarantees data privacy and promises to protect your information from unauthorized access, use, or disclosure.

Is Zippeso Legit?

Zippeso is a fintech company that offers online cash loans in the Philippines. The question on the minds of many potential borrowers is whether Zippeso is a legitimate company. The answer is yes, Zippeso is a legitimate lending company that is registered with the Securities and Exchange Commission (SEC). Their SEC registration number is CS201916340/CA NO.3101.

Pros and Cons of Using Zippeso

Like any other lending company, Zippeso has its pros and cons. Here are some of the advantages and disadvantages of using Zippeso:

Pros:

1. Fast and easy loan application process: One of the main advantages of using Zippeso is their fast and easy loan application process. Borrowers can apply for a loan online in minutes and get a loan decision within 24 hours.
2. Multiple disbursement options: Zippeso offers multiple disbursement options, including bank transfer, e-wallets, and over-the-counter channels such as MLhuillier, RDPawnshop, 711, and Cebuana.
3. Lower interest rates: Zippeso offers lower interest rates compared to other lending companies in the Philippines. Their maximum APR is 20%, which is lower than the industry standard.
4. Reasonable loan terms: Zippeso offers reasonable loan terms ranging from 91 days to 365 days. Borrowers can choose a loan term that suits their financial situation.
5. Secure and private: Zippeso is committed to protecting their borrowers’ data privacy. They use advanced security measures to ensure the confidentiality of their borrowers’ information.

Cons:

1. Limited loan amounts: Zippeso only offers loan amounts ranging from ₱ 2,000.00 to ₱ 20,000.00. This may not be enough for borrowers with larger financial needs.
2. Limited eligibility requirements: Zippeso has limited eligibility requirements, which means that not everyone can qualify for a loan. Borrowers must be Filipino citizens, 18 to 60 years old, have a government-issued ID, and a stable income.
3. Late payment fees: Zippeso charges late payment fees for borrowers who fail to pay their loans on time. This can make the loan more expensive for borrowers who struggle with repayments.

Zippeso Reviews

Zippeso has received mixed reviews from borrowers. Some borrowers are happy with their fast and easy loan application process and lower interest rates, while others have complained about their limited loan amounts and eligibility requirements. Here are some Zippeso reviews from actual borrowers:

“I had a great experience with Zippeso. The loan application process was easy, and I received my loan within 24 hours. Their interest rates are lower than other lending companies, which made the loan more affordable for me.” – John D.

“I was disappointed that Zippeso only offers small loan amounts. I needed a larger loan, but they could only offer me ₱ 20,000.00. Their eligibility requirements are also limited, which makes it harder for some borrowers to qualify for a loan.” – Maria L.

Overall, Zippeso is a legitimate lending company that offers fast and easy online cash loans in the Philippines. While they have their pros and cons, Zippeso can be a good option for borrowers who need a small loan quickly and have the eligibility requirements to qualify. However, borrowers should read the terms and conditions carefully and ensure that they can afford to repay the loan before applying.

Conclusion

Overall, Zippeso is an excellent option for anyone who needs quick cash to cover unexpected expenses. With its easy application process, fast approval and disbursement, lower interest rates, flexible loan terms, multiple disbursement channels, SEC registration, and data privacy guarantee, Zippeso offers a convenient, reliable, and affordable way to get the funds you need. So why not give it a try today?

Summary

Zippeso is a legitimate lending application that provides online cash loans to Filipino citizens between the ages of 18-60 with a stable income and a government-issued ID. The company is registered with the Securities and Exchange Commission (SEC registration NO.CS201916340/CA NO.3101), ensuring that users’ data privacy is guaranteed, and they keep their promises.

One of the advantages of using Zippeso is that the company offers lower interest rates, higher quota, and more reasonable loan terms than traditional banking systems. Additionally, Zippeso has a simpler process, faster disbursement, and friendlier service.

Zippeso offers cash loans ranging from ₱2,000 to ₱20,000 with loan terms between 91 days to 365 days. The maximum APR is 20%, and the transaction fee and service fee are both set at 0. There are multiple choices of disbursement channels, including almost all major banks, e-wallets like GCash, Paymaya, and Grabpay, and OTC channels like MLhuillier, RDPawnshop, 711, and Cebuana.

When it comes to computing loans, Zippeso provides a transparent and straightforward process. For example, if you borrow ₱10,000 for 120 days, you will need to pay a total interest fee of ₱600 and a service fee of ₱30. Therefore, the total repayment amount would be ₱10,630. The monthly interest fee would be ₱150, and the monthly repayment amount would be ₱2,650.

While there are many advantages to using Zippeso, there are also some drawbacks. The maximum loan amount of ₱20,000 may not be sufficient for some users. Additionally, the company only serves Filipino citizens, which limits its accessibility to a broader audience.

Finally, it’s important to note that while Zippeso is a legitimate lending application, users should be aware of the terms and conditions of the Disclosure Statement before proceeding with the loan transaction. It’s also important to contact the company’s customer service if you have any questions or concerns.

In conclusion, Zippeso is a legitimate lending application that provides cash loans with lower interest rates, higher quotas, and more reasonable loan terms than traditional banking systems. While there are some limitations to using the service, it’s an excellent option for Filipino citizens looking for a quick and easy way to get a cash loan.