MabilisCash Online Loan Honest Review

Are you in need of quick cash? Not a problem. MabilisCash online loan got your back!

MabilisCash operates under SEC registration number CS201907662.

Based on SEC’s records, Mali Lending Corp is the registered owner of MabilisCash.

The loanable amount MabilisCash offers is from ₱1,000 to ₱25,000 (sometimes lower, depending on the evaluation result).

MabilisCash online loan is a non-collateral type of loan; hence, it’s very inclusive. Even those people with bad credit history can easily apply for a loan.

We completely understand if you’re still skeptical about MabilisCash online loan and other loan apps!

Many Filipinos are closed-minded about online loans because of higher interest rates, smaller loanable amounts, shorter loan terms, and harassment.

Question: Is MabilisCash one of the loan apps you should avoid?

Well, read on.

You’ll find everything you need to know in this MabilisCash online loan review.

What is MabilisCash?

MabilisCash is an SEC-registered online loan app in the Philippines. It offers quick cash loans to Filipinos ranging from ₱1,000 to ₱25,000 (sometimes lower, depending on the result of the evaluation)

Mali Lending Corp has run MabilisCash since 2019. Since its inception, MabilisCash has served millions of Filipinos needing quick cash for various emergencies.

Many Filipinos in dire need of quick cash see MabilisCash as a lifesaver.

Why not?

MabilisCash online loan requirements are very easy to provide, and you can receive the loan proceeds in minutes straight to your GCash.

But just like other lending apps, MabilisCash is not a perfect loan app. It has flaws that you need to weigh before applying for an online loan. But the bottom line is that if you badly need money, MabilisCash will save the day!

Keep reading this post because we will show you what MabilisCash is- no more, no less!

What is MabilisCash Online Loan?

MabilisCash online loan is a fully digitalized quick cash loan product offered to Filipinos.

Unlike bank loans, MabilisCash will only ask for very simple requirements. As long as you can present one valid ID and have a steady income, you’ll be approved for a MabilisCash online loan.

Aside from the easy requirements, MabilisCash quickly evaluates loan applications. You’ll just have to wait about three minutes to know how much you can loan. If you’re okay with the offer, you’ll receive the money shortly after MabilisCash grants your loan.

The amount of money you can borrow from MabilisCash online loan is from ₱1,000 to ₱25,000 (or lower depending on the result of MabilisCash Team’s evaluation).

Is MabilisCash Online Loan Safe and Legit?

MabilisCash online loan is 100% legit!

MabilisCash is SEC-registered and complies with all the requirements to operate as a legitimate online lending company in the Philippines.

If you need quick cash, download the MabilisCash app on Google Play or the App Store. After installing the app, you can start applying for a MabilisCash online loan.

MabilisCash Loanable Amount

There’s no fixed MabilisCash online loan loanable amount because each application is subjected to MabilisCash’s evaluation. However, MabilisCash advertised a ₱25,000 maximum credit line on its app. But of course, if you’re just a first-time borrower, expect to receive a smaller loan offer. Some are even approved as low as ₱300.

Apply for a MabilisCash online loan and see how much you can borrow from MabilisCash.

MabilisCash Loan Requirements

• MabilisCash app installed in a smartphone
• Filipino Citizen
• At least 18 years old
• At least 1 valid ID
• Active mobile phone number
• Valid email
• Can provide proof of work reflecting monthly income

MabilisCash Loan Application Process

• Download and install the MabilisCash app
• Sign up using your active mobile phone number
• Input the verification code MabilisCash will send to your mobile phone number
• Click ‘Next’
• Click ‘Apply’
• You need to input the following personal information:
• First Name
• Middle Name (optional)
• Last Name
• Gender
• Year of Birth
• Educational Level
• Marital Status
• Purpose of Loan (running a business, for contingency, medical cosmetology, education & learning, pay bills, special festival)
• Email Address
• Residential Address
• Detailed Address
• Length of Residence

*Optional Information (may increase approval of your loan)

– Type of Residence

– Number of Credit Cards

– Number of Children

– Alternative Phone Number

– Mother’s Maiden Name

• Click ‘Next’
• Face Verification (Make sure you’re in well-lighted environment and your face should be facing the lens horizontally)
• Click ‘Next’
• You will be asked to provide at least three contact references. Make sure to input three contact references you have varied relationships with; it could be your parents, brother, sister, friend, colleague, etc. (Note: all contact numbers will be taken directly from your phone’s phonebook)
• Input your work information, including type of job, payroll period, next payday, monthly income, length of employment, loan status, and total loans
• Lastly, you must provide a digital copy (photo, front, and back of the ID) of your valid ID. Make sure the valid ID that you will use is not expired, bears photo, with signature,  and contains ID Number

*Recommended IDs:

– SSS ID

-UMID

– Driver’s License

– National ID

-Postal ID

-Passport

– TIN ID

-Voter’s ID

That’s it! You’re done with the MabilisCash online loan application process! Just wait about three minutes to see the loanable amount that will be offered to you.

Again, if you’re a first-time borrower, expect to receive a smaller loan amount offer. But as you establish a good reputation using the app, the loanable amount will also increase.

MabilisCash Loan Interest Rates

• 0% interest for first loan
• 0.5% daily interest rate (succeeding loans)

MabilisCash Loan Terms

• 2 terms (payable within 1 month)
• 3 terms (payable within 1 and half months)
• 4 terms (payable within 2 months)

MabilisCash Loan Fees and Charges

A fee equivalent to 10.67% of the principal amount will be charged on every payment date.

For example, if you borrow ₱300 payable in two terms (within one month), you’re supposed to pay ₱150 on each payment date. However, due to the said fee, there will be an additional ₱32 that you’ll shoulder.

In other words, on every payment date, you will pay ₱150 plus an additional ₱16 (half of ₱32), summing up to ₱166.

MabilisCash Pros and Cons

Pros

• Legit
• Easy-to-use app
• 1 Valid ID is needed (National ID is accepted)
• 0% interest for first-time borrowers
• Easy application process
• Easy requirements
• Fast loan application evaluation
• Flexible mode of disbursement (GCash, bank)
• Non- collateral
• Flexible loan terms, even for first-time borrowers (two terms, three terms, or four terms)

Cons

• High-interest rate
• If your loan application is not approved, you can never reapply for a MabilisCash online loan

Takeaway

MabilisCash online loan is a big help to Filipinos who badly need money in emergencies.

Yes, MabilisCash’s online loan charges a higher interest rate and has a shorter loan term than bank loans, but do we have other options in the worst situations?

At least the MabilisCash online loan provides a more flexible loan tenure. You can pay your loan within a month, one and ½ months, or even two months. Can you find this feature on other loan apps? I bet not!

So, if you need immediate cash, don’t hesitate to apply for a MabilisCash online loan now!