Tekcash 1.0.2

Tekcash: A Review of Online Lending Services in the Philippines

Tekcash positions itself as a reliable online lending partner within the Philippine financial landscape, emphasizing rapid, secure, and user-friendly financial solutions.

Reasons to Consider Tekcash

• Licensed and Trustworthy: Fully compliant with the Philippine Securities and Exchange Commission (SEC), ensuring that all financial transactions are conducted securely and legitimately.
• Fast and Convenient: Offers an easy-to-use mobile application allowing users to apply for loans any time and from any location, significantly reducing the complexities often associated with traditional lending.
• Instant Disbursement: Funds are disbursed immediately upon approval, allowing access to financial resources precisely when needed.
• Flexible Loan Options: Provides a range of borrowing amounts from ₱1,000 to ₱30,000 with adaptable repayment terms spanning 3 to 12 months, catering to individual financial circumstances.
• Transparent and Fair: Committed to a clear fee structure free from hidden charges, ensuring clients understand their obligations before agreeing to terms.

Product Details

• Loan Amounts: ₱1,000 – ₱30,000
• Repayment Terms: 3 – 12 months
• Maximum Annual Percentage Rate (APR): 180%
• Special Offers: Customized products available for clients demonstrating high creditworthiness.

Representative Example

For a loan amount of ₱20,000 over a period of 4 months (120 days) at a monthly interest rate of 3.3%:

• Total Interest: ₱20,000 * 3.3% / 30 * 120 = ₱2,640
• Service Fee (6.6%): ₱20,000 * 6.6% / 30 * 120 = ₱5,280
• Total Repayment: ₱20,000 * 3.3% / 30 * 120 + ₱20,000 + ₱5,280 = ₱27,920
• Monthly Installment: ₱27,920 / 4 = ₱6,980

Eligibility Criteria

• Filipino citizens aged 18 years or older.
• Possession of at least one valid government-issued identification document.
• A stable source of income is required for application approval.

Application Process

1. Download the Tekcash application from the Google Play Store.
2. Complete the straightforward registration process.
3. Submit your loan application along with the necessary information.
4. Receive instant approval and access your funds promptly.

License Information

The Philippine Securities and Exchange Commission (SEC) authorized Tekcash to operate as a licensed lending entity on July 12, 2019. Key details include:

• Company Name: TEKWANG LENDING CORP.
• Lending Platform: Tekcash
• SEC Registration Number: CS201911369
• Certificate of Authority Number: 3032

The company adheres strictly to guidelines set forth by the SEC, Credit Information Corporation (CIC), Anti-Money Laundering Council (AMLC), and National Privacy Commission (NPC).

Contact Information

• Hotline: +63 (0917) 820 4555, +63 (0917) 821 6555 (available Monday to Sunday from 9 AM to 6 PM)
• Email: [email protected]
• Website: https://www.tekwanglending.ph
• Company Address: Marajo Tower, 312 26th Street, Taguig, Metro Manila, 1634 Philippines

Tekcash's Commitment

Tekcash emphasizes the importance of customer financial well-being, providing lending services that prioritize reliability and transparency. The protection of personal information is paramount, alongside ongoing support for clients in achieving their financial objectives.

Please note: It is advisable to review the application terms and conditions thoroughly for comprehensive details on fees and responsibilities related to loans.

Borrow responsibly; Tekcash aims to provide support rather than overwhelm its clients.