Sumisho Loan Philippines Review

Sumisho loan Philippines is an online loan product that supports the motorbike purchasing needs of Filipinos aged 21 and over. You will be able to borrow 24/7 with a maximum limit of 180,000 pesos, extremely low interest rates, from only 0.02%/day.

See more Sumisho loan information review compiled by ktktld.edu.vn in the article below.

What is Sumisho loan Philippines?

Sumisho loan Philippines is a credit financial support product of Sumisho Motor Finance Corporation, developed since 2009. The company has been legally licensed to operate by the SEC, providing motorbike loans with limits from 20,000 to 180,000 pesos. The loan will be paid in installments over a period of 1 year to 4 years.

Pros of Sumisho loan

Sumisho loan review has many outstanding advantages such as:

• SEC registered, reputable and legal operation.
• Register online 24/7 right on your phone, quick loan anytime, anywhere.
• Borrowers do not need to mortgage assets or guarantors.
• High limit, long installment period, competitive interest rate.
• Payment can be extended for an additional 30 days.
• No hidden fees, no service fees, no transaction fees.
• Do not share information with third parties.

Cons of Sumisho loan Philippines

Sumisho review has the following disadvantages:

• No support for bad debt.
• Must prove income.

Sumisho loan Philippines interest rate

Sumisho loan Philippines has interest rates from 0.02% to 0.2%/month. The average APR annual interest rate is only 8%/year. Late payment penalty fee is 5% of principal balance.

Example of Sumisho calculation

Sumisho loan Ph Approval 120,000 for 12 months with interest rate 0.2%/day (equivalent to 6%/month).

• The amount of interest payable after 1 month is 120,000 x 6% = 7,200 pesos.
• The principal amount to be paid in installments in 1 month is: 120,000 : 12 = 10,000 pesos.
• Total amount to be paid after 1 month is: 10,000 + 7,200 = 17,200 pesos.

Sumisho loan Philippines requirements

Conditions for applying for a Sumisho loan are:

• Philippine citizen, from 21 to 65 years old.
• Have valid identification documents and a copy of your driver’s license.
• Have a stable income, have proof of income.

Guide to register Sumisho loan Philippines application Step-by-step

Instructions for applying for a Sumisho loan:

Step #1: Go to Sumisho website

Visit Sumisho’s official homepage.

Fill in name, email, account number, mobile number, username, password to create an account.

Step #2: Prepare documents

Completely and accurately fill in personal information in the online application form as requested by the lending partner.

Step #3: Submit application

Submit a loan application and receive approval results in a short time (maximum 24 hours). The loan will be disbursed immediately after loan approval.

Reviews Sumisho loan feedback

Sumisho loan Philippines is rated 5 stars from customers, lending money online without collateral, without service fees with quite high limits, and long-term installment payments.

Sumisho loan Philippines repayment

Sumisho loan payment through several forms below:

• Pay online via PSBank, BDO, BPI, GCash, Maya, Lazada, Shopee Pay…
• Pay cash debt at payment counters of 7-11, M-Lhuillier, Ecpay, Cebuana Lhuillier, Bills Pay..

Compare Sumisho loan Philippines with other

Sources: Refer to Sate Bank reporting and research.

Sumisho loan customer service

Sumisho loan Ph complaints are received through contact channels such as:

• Address: 12th Floor PSBank Center, 777 Paseo de Roxas corner Sedeño Street, Makati City, Philippines.
• Email: customer_service@sumisho.com.ph
• Hotline: (632) 8802 6888
• Office hours: Mondays to Saturdays, from 8.30 AM to 5.30 PM.

FAQs

Below are some frequently asked questions about Asteria Lending loan service:

Is Sumisho loan Philippines legit?

Yes. Sumisho loan Philippines provides online loan services for Filipino citizens between 21 and 65 years old. This is a product of Sumisho Motor Finance Corporation, registered with the SEC, certified to operate legally since 2009. Proving that Sumisho is a reputable, trustworthy loan with many years of experience in the market.

Is Sumisho harassment?

No. Sumisho loan Philippines commits not to harass customers. All lending activities are controlled by the Bangko Sentral ng Pilipinas. In case customers are late in paying, there will be emails and calls to remind them of their debt politely, without harassing or threatening the borrower and relatives. You should pay on time to avoid high penalty fees.

How to make Sumisho loan complaints?

Sumisho loan Philippines supports enthusiastic and dedicated customer service, ready to answer all questions and complaints of borrowers through hotline: (632) 8802 6888. Complaint processing time is from Monday to Monday. Saturday, between the hours of 8:30 AM and 5:30 PM. Alternatively, you can send mail to email: customer_service@sumisho.com.ph. You will receive a reply within 2-3 business days.

In conclusion

Sumisho loan Philippines allows Filipinos to receive cash support of up to 180,000 pesos to finance their motorbike purchase needs. You are allowed to pay in installments for a period of 12 to 48 months with an interest rate of only 8%/year, with no service fee.

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