Free-to-use PH loan app
Prima Cash Loan App Philippine is a free-to-use financial app that operates in the Philippines. This online lending platform lets you borrow flexible amounts of cash at flexible payment terms. Since the fintech company behind it is duly registered with the local government, you can rest assured that the funds will be disbursed as agreed upon.
In terms of the app, Prima Cash Loan App Philippine doesn’t exactly reinvent the online lending space. It does, however, incentivize continued use of the platform through points and growing benefits. It works a lot like PinoyLend - Peso Cash Loan APP.
Settle personal loans in installments
Prima Cash Loan App Philippine is operated by Prima Fintech, which is registered with the country’s Securities and Exchange Commission. First-time users can borrow up to PHP 10,000, or around USD200, and payable for periods up to 91 days. Essentially, you just need to provide the amount you need and how many installments you’d like to pay after. Like other lending apps, it requires a tedious registration and verification process.
As for the app, it uses a simple orange-and-white color scheme reminiscent of the Shopee platform. Users also need to fill out several fields, provide personal information, and submit documents online for verification. The loan part is easy and straightforward, with distinguishable fields for your personal loan choices. An interesting part is that it comes with an in-app points system that rewards users aside from increasing their limits.
It suffers from the same set of restrictions as other lending apps. First, the customer service part of the app rarely works, if ever. Users complain about not receiving technical support when they need it. The other, and the more alarming setback to this platform, is that it tends to start contacting you incessantly if you get late on your payments. Even your contacts receive the same treatment.
Use with caution
All in all, Prima Cash Loan App Philippine offers and operates the standard online lending package. You enjoy flexible loan amounts and payment terms that grow provided you pay on time. Before starting, though, you need to go through a lot of registration and verification processes. In the event you fail to settle your account on time, get ready to receive incessant calls and messages from them.
