When it is necessary to get money urgently, everyone immediately turns to friends or relatives to borrow it. But it will not always be the best option, so it is best to take a loan from a particular financial organization.
In recent years, the entire lending market in the Philippines has changed a lot. Numerous lenders and banks have appeared that offer favorable terms for lending. The difficulty is that you can quickly issue a loan only at lending organizations because banks have strict requirements for the borrower, and the registration procedure takes several days.
One of the most popular services is Aeon Credit Philippines. In the Philippines, AEON was established in February 2013. It began as an online financial institution that provided loans for merchandise purchases. These days, this system offers prepaid and credit cards.
AEON has introduced goods, including loans for furniture and appliances. The business has created self-service solutions in line with current trends so that clients may manage and make monthly loan payments.
- Apply for Loan With Aeon Credit Philippines
- Aeon Credit Products
- Appliance Loan
- Furniture Loan
- Personal Loan
- Aeon Credit Loan App
- How To Repay Aeon Credit Philippines Loan
- Aeon Credit Contacts
- Reviews and Additional Information
- FAQ About Aeon Credit in the Philippines
- Is Aeon Credit legal?
- Aeon Advantages & Disadvantages?
- Where Can You Find Aeon Branches?
- Why Should People Use One Loan Service?
- What Are The Alternative Loan Service To Aeon PH?
- Resume About The Loan Service
Apply for Loan With Aeon Credit Philippines
Each customer who applies for an AEON Credit cash loan has a chance to successfully borrow between 6,000 and 150,000 pesos. However, it is essential to remember that in this situation, the amount of the cash loan that will be accepted relies on the client’s income. A personal loan has a monthly interest rate of 2%. The period of the installment loan is between 6 and 12 months. Remember that there is a processing charge of 1,000 pesos in addition to the loan balance and interest.
However, each customer must fulfill the following criteria to be eligible for a loan:
- Minimum age of 18 at the time of application, but not more than 60 at the time of loan payback;
- Must be a Philippine national;
- Both the office and the place of living must have a landline phone;
- 15,000 PHP is the required minimum gross monthly revenue;
- Two years or more of consistently lucrative work in the same industry.
Aeon Credit Products
This platform has introduced a mobile application to make financial services available to many Filipinos, wherever they may be. You may perform financial transactions using a mobile application from any place thanks to the availability of mobile Internet. Each client has the option to apply for a loan in addition to making payments and sending money via the fixed Internet or a mobile application:
- Installing the AEON mobile app and choosing a consumer loan are both required;
- You must complete the form and specifications;
- A credit management call should eventually come;
- Obtain an SMS with instructions on how to get paid.
The monthly payments will be made by each client following the payment schedule. Now, you may use any payment method to make installment payments. When paying in installments in this instance, you must use the contract number.
AEON provides loans for purchasing furniture, home appliances, and technology in addition to cash loans. Average monthly credit rates for conventional products are 3.5% and for gadgets are 5%, depending on the AEON partner.
This kind of credit carries a monthly interest rate of 3.5 percent. Each borrower is eligible for a minimum loan of PHP 2,000. 6 to 24 months are the available payment periods. The time for approval is brief.
Typically, interest rates are 5% each month. The least amount that may be borrowed is PHP 2,000. The loan must be repaid within six to twenty-four months.
A personal loan has a monthly interest rate of 2.95 percent. The lowest and highest borrowing amounts are 6,000 PHP and 150,000 PHP, respectively. It’s crucial to repay the loan within six to twelve months. Processing charges apply here. 3% of the loan balance or PHP 800.00 is required, whichever is higher.
Aeon Credit Loan App
Android phones are compatible with the AEON Credit lending app. The Google Play Store makes it simple to get this program in just a few minutes. iPhone users cannot presently download the app. It cannot be downloaded on desktop computers or laptops because it is intended for mobile phones.
How To Repay Aeon Credit Philippines Loan
A 10-digit personal loan agreement number, given after the loan application is approved, is necessary to obtain a loan through this platform. Through a variety of recognized payment partners, you may make a cash loan payment:
- Bayad Center;
- Cebuana Lhuillier
- M Lulie;
Additionally, it’s crucial to go to a recognized payment location. There, you must get ready with the loan agreement’s number. The precise monthly payment amount can then be made after that. You can create a receipt as evidence that the loan has been paid off in the end.
Another benefit is that you may use GCash and PayMaya to make online payments. You must download the program, navigate to the “Pay bills” area, and choose “AEON Credit” to accomplish this. The contract number and amount are the only fields to fill in after that.
Aeon Credit Contacts
Each customer who uses credit services could have inquiries. Getting in touch with the experts on the person’s chosen platform is critical to do this. Visit the Aeon experts’ office at 17 San Miguel Ave, Ortigas Center, Pasig, 1605 Metro Manila, to get in touch with them. You may also post on the official Facebook group during working hours. Managers there will respond promptly and assist with any clarification needed. Contact number: +63 2 8631 1399, hotline +63 (2) 8 470 7470.
Reviews and Additional Information
This website has a relatively positive rating. On the Google Play Store, it has a rating of 3.7 stars on average. It is important to note, nonetheless, that many users of the program say that it frequently crashes or fails to function, which makes it challenging to apply for a loan. Many borrowers also lament the difficulty in getting in touch with loan officials and technological challenges.
Customers of this financial platform are mainly concerned about a lack of updates and the inability to offer proof of total payment. Some debtors claim AEON still demands payment after the loan has been fully repaid.
FAQ About Aeon Credit in the Philippines
The answers to some questions will specifically help you generally understand whether the services of this company specifically are suitable for you or not in a subtle way. This will actually help you essentially make the right choice in a basically significant way.
Is Aeon Credit legal?
AEON Credit Philippines is a legal company registered with the Securities and Exchange Commission on February 14, 2013. It has a certificate of authority from a credit company in the Philippines, which is reasonably substantial for all intents and purposes. In this regard, the company operates on legal terms.
Aeon Advantages & Disadvantages?
Among the advantages of using the Aeon service:
- Operational service. As a rule, the client receives money in less than an hour at the first application. For repeat customers, the time is reduced to a few minutes;
- Big discounts. A promotional rate is available for new customers. Thus, the overpayment upon return is minimal;
- Remote registration. The client goes through all stages remotely – in online mode using any gadget. It is more convenient to work with the service in the application from a smartphone;
- Convenient transfer. The company transfers the approved amount to the client’s personal account – it can be a debit or credit card;
- Minimum documents from the client.
Quick loans have the same effect on credit history as bank loans. Therefore, if you have a bad credit score and want to improve it as simply as possible – just apply to Aeon, even for a minimum amount and a minimum term, pay it off on time, and your history will improve.
Where Can You Find Aeon Branches?
The primary office is in Metro Manila at 1605 Ortigas Center, 17 San Miguel Avenue. Since 2018, the Cebu branch has been operational. Address: Globe Tower, 7th floor, Cebu Business Park. Large retail malls house the company’s branches. You must speak with a credit manager or apply for a credit card to obtain a loan.
Why Should People Use One Loan Service?
The main reasons are the speed of consideration of the application and the minimum documents required for the procedure for processing and issuing a loan. You need to choose Aeon, where you want to get loans, register on the organization’s website, and fill out a short questionnaire. Its consideration takes 10-15 minutes, then a quick loan is issued without refusal. There are only a few cases when a lending company does not undertake to serve customers. When you re-apply to the organization, you will not have to fill out a questionnaire, which will save time on issuing a loan.
What Are The Alternative Loan Service To Aeon PH?
Popular alternatives include:
- Cashme Loan;
- Pera Agad;
You can choose from these options to opt for a successful loan.
Resume About The Loan Service
AEON Credit Service provides Philippine residents with a line of credit to purchase consumer goods without a credit card through its growing channel partners and affiliates. AEON Credit consumer credit is the best option if you don’t have enough money for household appliances.
You must go through a couple of simple steps for the money to be transferred to the card. Forget about references from the place of work, looking for proof of solvency or arrangements with guarantors. Online credit card loans can be obtained by all adult citizens. Even if you are a student, you can safely apply online. What’s more, AEON goes to meet even those who have a bad credit history, with arrears or unpaid debts.