There are many financial institutions such as banks and lending firms where you can borrow money. However, not all of these organizations accept borrowers that easily. Most of them require collateral, guarantors, and numerous documents for a limited sum with high interest. If you are looking for a legit, reliable, and easy to access money lender, try Robocash.

What is Robocash?

Robocash.ph is a lending organization that responds to the immediate financial needs of goal-driven individuals. The organization is managed by the Central Bank of the Philippines and is recognized by the Securities and Exchange Commission (SEC). It aims to provide assistance to Filipinos who have immediate financial needs and are out of reach to banks. Robocash is a Philippines-based company that has been existing since 2017.

Robocash also has a mobile app that can be used by new or former clients for faster cash loan applications. You can get RoboCash log in easy and fast. With only a valid government ID, the payout can be approved and released at least 15 minutes after the application. This app also shows account status, payment, and balance. The app can also be used to speed up payment with the help of payment channel partners.

How does Robocash work?

This lending organization offers to take short-term loans online with great ease. Robocash is an artificial intelligence that will provide the amount you need automatically without any charge.

All transactions are fully automated, so you do not have to leave your house to get a loan. In only 4 minutes, you can receive up to 5,000 pesos in your bank account. Moreover, the organization does not require guarantors, representation, documentation, or guarantee deposits. Those who wish to apply for a loan must be 21-70 years old, Filipino citizens, and employed individuals or selected professionals. Anyone in the Philippines may get RoboCash sign in and borrow money.

It only takes three simple steps for your loan to be transferred in real-time. First, sign-up and create an account. Second, log-in to Robocash and choose the amount you want to borrow and the preferred mode of money transfer. The robot service collaborates with major partners so that you can obtain and repay the loan in the most convenient way. Lastly, sign the contract with Robocash to validate your loan. You will receive the confirmation code through SMS.

There are types of cash loans available for you. First is the entry loan type which is available for free. This is the only loan type service that new customers can apply for. Those who are qualified and approved will receive a 10,000-peso loan without interest until the due date. Another type is the regular loan for former clients. One can loan up to 25,000 pesos with a 30-day grace period to settle the money they borrowed.

Payments can be done through Dragonpay payment system or bank transfer. Start by logging in to your account by entering your phone number and password. Next, click “Repay” if you want to be forwarded to the DragonPay payment system. On the other hand, select “Payment Options” if you prefer ATM-based online bank transfer. Banks supported for this channel are BDO, BPI, Unionbank, Chinabank, RCBC, PNB, and UCPB. You can also pay in any 7 Eleven, Bayad Center, LBC, SM Payment Counters, Robinsons Department Stores (RDS), Cebuana Lhuillier and M.Lhuillier branch by providing your reference number.

How to use your Robocash account?

Creating a Robocash account is simple and takes only a few minutes.  You must first sign-in to Robocash and complete an online form with your personal data and employment details. You will only be needing your ID and phone number to validate your account. From there, you can log-in to Robocash anytime and borrow money. Whenever you apply for a loan, simply enter the necessary data into the online application such as the amount, and the way you wish to receive the money. After that, sign the contract through the code you obtained through SMS. The Robocash service will transfer the amount to you immediately after accomplishing these steps.

Terms and Conditions of Robocash Loan

A loan agreement is signed by Robocash, the lender, and a borrower before a loan is released. It indicates that a loan issued by the lender must be used by the borrower exclusively for personal use and legal and legitimate purposes. Moreover, it is the obligation of the borrower to pay the outstanding principal amount of the loan, interest on the loan, and all other sums incurred from the loan. The amount borrowed is payable by the borrower to the lender on or before the maturity date which is indicated in the loan agreement.

Prolongation of payment, if needed, is subject to the general terms and conditions, promissory note, and all other documents which form an integral part of the loan agreement. This service is available during, before or after maturity date provided that all interest, late penalties, and other fees are paid. Interest on the loan is accrued daily until the maturity date. The interest rate is determined individually and indicated in the promissory note and disclosure statement.

Benefits of Robocash

First of all, Robocash is a trustworthy and legitimate organization. Additionally, it allows for fast and easy loan applications. As shown in the company website’s statistics, it has already approved 95% of all loan applications. All transactions are made online so you can register from the comforts of your home. Loan application forms can be completed at your most convenient time whether during the day or night, on weekends, and even on holidays. As long as you have a computer or mobile device and an Internet connection, you are good to go. The transfer can also be made anywhere and anytime. In addition to this, you are capable of choosing the sum and term of the loan. Also, the payment is only for the days of the use of the amount. The whole process takes place smoothly without long waiting.

Conclusion

When acquiring a loan, stick to reputable lenders to avoid trouble. Also, consider the ease of acquiring the loan. You no longer need to shop around to find a legit and accessible money lender because Robocash is the best option among all online financing institutions.