Billease as your first ever Virtual Credit Card

Billease as your first ever Virtual Credit Card | FinTech Review

Most online lending apps have high interest rates and engage in harassment activities with their clients. They hide their fees, which only appear after you have confirmed the loan amount. You will be shocked by the deductions once the loan is approved. They charge almost a 45% interest rate over a short period of time, from 7 to 14 days; 30-day terms are very rare among OLAs. These are so-called shark activities of illegal lending companies operating online. However, this application differs significantly from other lending applications in terms of interest rate, processing fee, transaction fee, and terms.

In my last article, I compared the features of Billease and GCash Borrow. You can read it here: “Which is better, GCash (GLoan) or Billease?” To learn more about this Fintech company, please read the entire article.

List of Contents
I. Credit Limit given by Billease and its Terms
II. Products offered by Billease
III. Interest Rate of Billease
IV. When can I activate my Cash Loan in Billease?

Billease is the flagship lending app of First Digital Finance Corporation (FDFC), with SEC registration number CS201516347. They are also the Fintech company behind Balikbayad and LoanRanger, providing a dynamic system and operations to help improve the financial capacity of Filipinos.

Credit Limit given by Billease and its Terms

Upon creating your account, Billease provides a credit limit ranging from 1,000 to 7,000 pesos, with most limits falling between 1,000 and 2,000 pesos. This approach is taken to establish trust with borrowers and minimize potential losses from scams. If you maintain a good credit standing with the company, they may offer a credit line of up to 40,000 pesos and can be increased depends on your credit history. Initially, they provide loan repayment terms of two to three months with either bi-monthly or monthly amortization.

Products offered by Billease

Your first credit line is available for use in all products except for Cash Loan. You can use it to buy load, pay bills, shop with the Buy Now Pay Later option, and encash through e-wallets or banks with a transaction fee of almost 10%. Congratulations if you have reached the Credit Line where your Cash Loan will be activated because your encashment processing fee will be significantly reduced to only 5.60 pesos as a fixed transaction fee. The transaction fee will be added to your loan every time you transfer money from your Billease credit line to your e-wallet or bank account. Yes, you heard it right because the amount limits you want to transfer have no deduction with any charges. This is for your to enjoy your loans while paying little by little without stress.

Interest Rate of Billease

Billease only has a 3.49% interest rate per month on your total loan, which is significantly lower than other online lending apps and even lower than the rates of giant fintech apps such as GCash and Maya Bank Inc.

When can I activate my Cash Loan in Billease?

After reaching a credit line of 10,000 pesos, your Cash Loan features will be activated. As long as you maintain a good credit standing with Billease, they will help you activate the Cash Loan features. You don’t need to email them or stress about reaching the limit, just be patient and enjoy using Billease.

Comments

Trends this week

FT Lending Review: Loan, Interest

Are you looking for a fast and convenient loan with minimal requirements and no collateral? Then maybe this lending app suits your needs. Filipinos often prefer the simplest transactions and fast approval when it comes to loans, as many of us urgently need extra cash. FT Lending App is one of the online lending apps offering no-collateral loans for Filipinos. Most OLAs with no-collateral loans have high interest rates, as lending money to unknown borrowers is considered risky. Approval still depends on the company’s screening results through profiling and assessing whether the borrower is capable of repaying the requested amount. After assessment, if approved, the credit limits may differ for each user. This credit limit is a revolving credit—like Maya Credit , GCredit , Mabilis Cash Credit , Billease , Spaylater and Revi Credit —where you can reuse the available credit after repayment, even if you have pending installments. If you're willing to know more about this lending app, j...

How to Convert TikTok Paylater to Cash Guide and Review

TikTok users who already have activated the TikTok PayLater offered by the TikTok shop to their loyal customers are wishing to convert the offer into cash, as they are more prepared to spend the money on other daily needs or bill payments. However, TikTok just came on to the purpose of the financier as “buy now pay later” for the products that users prepared to check out. All e-commerce offered Buy Now Pay Later options are naturally not convertible to cash, though users are still looking anyways to make the credit limit more useful and viable. Like GGives , Spaylater , and Lazada PayLater, all of the offer limits are spendable to purchase goods and services within the e-commerce shops and partners. Though Spaylater has an option to convert your limits without risks and additional service fees, we have no guarantee when the last time it will work to become convertible as before. GGives is easily convertible into cash using Shopee Shop through canceling the checkout. But when Sho...

2 Ways to Cash Out Spaylater Credit Limit

Spaylater is the buy-now-pay-later payment option offered by shopee to their selected users. This feature is available exclusively in shops to help users enjoy the shopping experience without worries. More of the users are prepared to cash out credit limits like Sloan. They are more likely to use money for personal and daily needs. Sloan is offered by shopee app once users continuously use Spaylater with good payment history but exceptional to those users with a high credit reputation and history to other financial institutions such as banks, CIC, e-wallets, and other lending companies. However, like Sloan, Spaylater can eventually use it as a payment method outside the application via QR code payment. Just finish this article for you to enlighten more. If you are a new user of Spaylater, this option is temporarily unavailable. Enjoy using spaylater instead and wait to activate the more features that you can enjoy of using spaylater. Here are the following steps on how you can tra...

CIMB Revi Credit Review Philippines: Is It Worth It?

With a fast-paced lifestyle these days, having ready access to credit can be a lifesaver. CIMB Bank Philippines, which is a top digital bank, provides Revi Credit, which is a convenient loan product for financial ease. Whether you require funds for emergency use, for business, or other personal expenditure, Revi Credit offers a revolving credit line with the flexibility to take a term loan. But what is it, and how does it work, and is it for you? In this review, we'll summarize the features, interest rates and advantages of CIMB Revi Credit to assist you in making a decision. What is CIMB Revi Credit? CIMB Revi Credit is a revolving facility that enables eligible users to take cash advances up to their approved amount and repay it in a flexible manner. If your credit limit is at ₱100,000 or higher, you can repurpose 30% of this as a term loan with a tenor of up to 3 years, and 70% remains as revolving credit. This hybrid product turns Revi Credit into an adaptable finan...

Sloan and SPayLater Users Review and Guide

Sloan and Spaylater are both Financial services provided by Shopee Philippines for their selected users. These financial features offer buy-now-pay-later and cash loans so that users can enjoy their shopping experience in the app. SeaMoney (Credit) Finance Philippines Inc. is the financing company of Sloan and SPayLater in the Philippines, which is part of the Sea Group - operating seven markets in Southeast Asia, including Taiwan. It was registered as a finance and credit provider in the Security Exchange Commission on August 4, 2020, with registration number CS202005382. In part of their mission to better the lives of individuals and Businesses in Southeast Asia through technology, SeaMoney serves the financial needs of Filipinos through SeaMoney (Credit) Finance Philippines Inc. and SeaBank . What is Sloan? Sloan is a cash loan offered by Shopee Philippines, in which users can borrow money with the approved credit limits on the platform. Sloan is limited only to the selective users ...

Personal Loan in Mabilis Cash | FinTech Review

Mabilis Cash is one of the online loan apps based in the Philippines. They offer non-collateral personal loans which you can borrow money from your phone just by providing your personal information and one valid government ID. A non-collateral personal loan is an easy and fast emergency loan offered among Online Lending Apps, in the counterpart of their offers, clients will be charged a high interest rate, high processing fees, and insurance fee for their loanable amount. Mali Lending Corporation operated under the name Mabilis Cash was registered with the Security Exchange Commission on year 2019 based on the data on the SEC website. In this article let me discuss all the things you need to know about Mabilis Cash (formerly PESO AGAD). This review will be based on the experiences of users. How much is the first offer of Mabilis Cash? Non-collateral loans are like a stepping stone in building credit gradually. Lending Application credit assessment may depend on how you manag...

What are the differences between GLoan, GGives, and GCredit?

GCash is the number one E-Wallet in the Philippines, making it the most useful application of all time with almost 81 million active users as of May 2023. It is like a huge supermarket that has been compressed and put into your phone. They have several partnerships with physical stores, insurance companies, online stores, SMEs, corporations, freelancers, casinos registered with PAGCOR, and financial institutions like lending companies and crypto investments. However, not all of its million active users fully utilize the power of this super app. In this article, I will be telling you about one of the most useful and helpful features of the GCash App: the Borrow features. If you have already read the article titled “ Which is better, GCash (GLoan) or Billease? ”, I have already explained the factors that determine your eligibility for the Borrow features of GCash. Here, I will be explaining the differences between the three icons within the Borrow icon and what are th...

Gcash and Mastercard teamed up for Tap to Pay Payment Solution | How to Activate and Use it?

GCash recently announced that the Tap to Pay feature is now available to selected verified users of their mobile e-wallet. GCash and the global company Mastercard teamed up to give users a fast and convenient contactless payment solution. The GCash Tap N’ Pay feature allows mobile e-wallet users to pay cashless and cardless using only their phones. Though this feature is quite cool, not all GCash users are able to enjoy it, as only Android phone users with NFC (Huawei and iOS devices are not supported at this time) can use Tap to Pay at point-of-sale terminals. How to Activate Tap to Pay in GCash? Make sure that your phone supports NFC — Near Field Communication, a communication protocol that enables two devices to connect over distances of 4 cm or less. Check the list of phones with NFC here . Open your GCash app and tap “ View All Services .” Select “ Tap to Pay .” Agree to the Terms and Conditions. Where Can You Use GCash Tap to Pay? You can only use this on POS terminals that acce...

Visa Eyes Big Leap in Philippine Payments with NFC Tap-to-Pay Rollout

Visa is gearing up to revolutionize the payment landscape in the Philippines by launching its highly anticipated Visa Pay tap-to-pay service by the end of the year. This initiative will allow Filipino consumers to use their NFC-enabled smartphones to make contactless payments at any Visa-supported Point-of-Sale (POS) terminal—signaling a major shift towards frictionless, digital transactions. Fintech Collaboration Leads the Way The first phase of the rollout will be in collaboration with fintech powerhouse Maya, aiming to seamlessly bridge Visa Pay across digital wallets and participating merchants. Ezra Escolar, Visa Philippines Head of Products, highlighted the ease of integration and the potential for broader adoption. Meanwhile, Country Manager Jeffrey Navarro emphasized that further expansion hinges on the readiness of additional partners, with negotiations actively underway. Empowering Sellers through Visa Accept Visa isn’t stopping at consumers. The launch of Visa Accept...

The Avian Reproductive: How the Oviduct Crafts the Perfect Egg

The simple egg, a staple of breakfast tables worldwide, is in fact a biological masterpiece. Its flawless form, protective shell, and life-sustaining contents are not created by magic, but through a meticulously orchestrated process within the hen's reproductive tract. While the yolk begins its journey in the ovary, the true architect of the egg as we know it is a remarkable organ called the oviduct. This long, convoluted tube is a multi-chambered factory where the yolk is transformed, step-by-step, into a complete, fertilize egg ready for the outside world. An Overview of the Avian Reproductive System Unlike mammals, most female birds (hens) possess only one functional ovary and oviduct, typically on the left side. This streamlined system reduces body weight for flight. The process begins in the ovary, where yolks (ova) mature and are released one at a time in a process called ovulation. Once released, the yolk is captured by the oviduct, which is not a single uniform tube but a s...

Search This Blog