Madaloan: Online Loan Platform Review
Madaloan is an Android application developed by IFun Lending Corp, offering online loan services in the Business & Productivity category, specifically tailored for financial needs in the Philippines. Users can apply for loans ranging from ₱ 1,500 to ₱ 8,000, with flexible repayment terms of 120 days, 150 days, or 210 days. The platform features an interest rate capped at 18.25% per year (0.05% per day), with transaction fees varying from ₱20 to ₱130, and no service fees.
Madaloan caters exclusively to Filipino citizens aged 18 to 60, providing a simple and accessible solution for individuals with varying employment statuses. As a registered online loan platform approved by the Philippine SEC, Madaloan serves as a reliable financial partner for both salaried employees and self-employed individuals, aiming to address immediate financial needs efficiently.
