Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.8

BillEase Review

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About Company

BillEase is a "buy now, pay later" application that enables you to settle your purchases through convenient bi-weekly or monthly installments, whether interest-free or interest-bearing, all without the necessity of a debit or credit card. It is operated by First Digital Finance Corporation (FDFC), and stands out as a versatile financial solution catering to the diverse needs of users in the Philippines and Southeast Asia. Offering a flexible credit line of up to ₱40,000, BillEase allows you to pay for your online purchases in easy bi-weekly or monthly installments. The platform's commitment to user convenience is evident in its swift approval process, with 70% of applicants gaining immediate approval, while the rest typically wait only one banking day. This quick turnaround ensures that users can swiftly access their initial credit limit, enabling them to make purchases from BillEase's extensive network of over 4,000 merchant partners.

One of BillEase's distinctive features lies in its low-interest structure, with a monthly rate as minimal as 3.49%. This provides users with the benefit of deferred payments without the burden of hefty upfront costs. Additionally, the platform's inclusive approach welcomes freelancers, requiring only proof of a stable income source for their application. BillEase not only simplifies the online shopping experience by the simple scheme of buy now and pay later, but also offers a variety of payment options, allowing users to pay their installments conveniently through online banking, bank transfers, e-wallets, and other over-the-counter channels. This accessibility, combined with its commitment to user-friendly processes, positions BillEase as a noteworthy player in the financial landscape of Philippines.

Billease

Key Features

  1. Lowest Interest Rates. BillEase boasts one of the lowest interest rates in the market, charging a mere 3.49% monthly. Additionally, users can enjoy a 0% Annual Percentage Rate (APR) when making purchases from select merchant partners upon sign-up.

  2. Flexible Credit Line. Users can access an instant credit line of up to ₱40,000, providing financial flexibility for online shopping or personal loans. Repayment options extend from 30 days to a convenient 12-month period.

  3. Exclusive Features with Instant Approval. BillEase users gain instant approval, unlocking a range of features from e-wallet top-ups to bill payments directly through the app.

  4. Simple Application Process. Applying for a BillEase installment plan is hassle-free. Users need to download the app from the Apple App Store or Google Play Store, submit required documents (valid ID, proof of income, and proof of billing), and await approval.

  5. Quick Processing Time. BillEase prioritizes efficiency, aiming for immediate approval or a maximum of one banking day, depending on the completeness and clarity of the submitted documents.

  6. No Need for a Credit Card. BillEase breaks the traditional mold by not requiring users to have a credit card, making its installment plans accessible to a broader audience.

  7. Variety of Payment Channels. Repaying installments is convenient with options including online banking, bank transfers, e-wallets, and over-the-counter (OTC) payment channels.

  8. Compatibility with Lazada Wallet. BillEase's partnership with Lazada allows users to use their Lazada Wallet funds without an expiration date, enhancing the overall shopping experience.

  9. No Co-maker or References Required. BillEase simplifies the application process by not mandating a co-maker or references, streamlining the experience for users.

  10. Opportunity for Freelancers. Freelancers with a stable source of income are welcome to apply, expanding the accessibility of BillEase to a broader range of individuals.

Pros and Cons

Pros

Swift Approval Process. BillEase's commitment to a fast approval process ensures that users can quickly access their initial credit limit, facilitating prompt transactions.

No Need for a Credit Card. Unlike traditional financing options, BillEase is accessible to a broader audience by not requiring users to possess a credit card.

Diverse Payment Options. Users can conveniently repay their installments through various channels, including online banking, bank transfers, e-wallets, and over-the-counter payment methods.

Lazada Wallet Compatibility. Integration with Lazada Wallet enhances the shopping experience, allowing users to utilize funds without any expiration date.

No Co-maker or References Required. The absence of a requirement for a co-maker or references simplifies the application process, making it more accessible for users.

Re-availment Opportunities. Once an installment plan is paid off, users can immediately re-avail, with loyal customers enjoying added features and perks.

Transparent Processing Time. The clear guidelines on processing times, submission deadlines, and document requirements contribute to a transparent and user-friendly experience.

Cons

Limited Credit Limit. While the credit line is flexible, some users might find the maximum limit of ₱40,000 insufficient for larger purchases or financial needs.

Proof of Billing Requirement. The need for a proof of billing might pose a challenge for individuals who do not have bills under their name.

Regional Availability. BillEase's services are currently focused on Southeast Asia, limiting accessibility for individuals outside this region.

Limited Merchant Partners. While BillEase boasts a substantial network, users may find that not all their preferred merchants are part of the BillEase partner ecosystem.

No Credit Card Benefit Integration. As BillEase does not require a credit card, users miss out on the typical benefits and rewards associated with credit card usage.

Limited Installment Terms. While the platform offers flexibility, some users might desire longer installment terms beyond the maximum of 12 months.

Reliability

BillEase, operated by First Digital Finance Corporation, has established itself as a reliable financial solution for users in the Philippines. The platform's swift approval process, with 70% of applicants gaining immediate approval, underscores its commitment to providing quick and efficient financial services. Additionally, BillEase's transparent processing times and guidelines contribute to a reliable user experience, ensuring that applicants are well-informed about the status of their requests.

BillEase's compliance with regulatory standards, regulated by the Securities and Exchange Commission (CoA No.: 1101) and the Bangko Sentral ng Pilipinas as Operator of Payment System (OPSCOR-2021-0007), instills confidence in users regarding the platform's adherence to financial regulations. Overall, BillEase's reliability is evident in its commitment to accessibility, transparency, and compliance with industry standards.

How to Apply for a BillEase Loan?

Apply for a Loan

  1. Download the BillEase App. Begin by downloading the BillEase app from either the Apple App Store or Google Play Store, depending on your device.

  2. Create a BillEase Account. Once the app is installed, sign up for a BillEase account. This typically involves providing basic personal information and creating login credentials. If you're not new, then you can skip this step and just log in.

  3. Submit Required Documents. To complete the application, submit the necessary documents online. These commonly include a valid ID, proof of income, and proof of billing. Freelancers can provide alternative proofs like PayPal transaction history or Upwork certificates.

  4. Verification Process. BillEase aims for a fast approval process. The key to a swift decision lies in submitting complete and clear documents. The verification process may take immediate effect or up to one banking day, depending on the provided information.

  5. Initial Credit Limit Notification. After verification, users receive a notification of their initial credit limit. This establishes the amount they can utilize for purchases from BillEase's extensive network of merchant partners.

  6. Utilize Credit Limit. With the approved credit limit, users can start making purchases from BillEase's 4,000+ merchant partners, enjoying the flexibility of installment payments.

Conditions and Requirements

Conditions

  1. Credit Limit. Upon approval, users gain access to a credit limit. The maximum credit limit is typically up to ₱40,000, but the approved limit is based on the user's financial profile.

  2. Repayment Period. BillEase offers flexibility in the repayment period, allowing users to choose terms ranging from a minimum of 30 days up to a maximum of 12 months.

  3. Interest Rates. BillEase provides competitive interest rates, starting as low as 3.49% monthly. Additionally, there may be promotions offering 0% APR on select merchant partners for new sign-ups.

  4. Application Processing Time. BillEase aims for a fast approval process, with immediate approval for 70% of applicants. The remaining applications may take up to one banking day for processing.

  5. Data Privacy Compliance. BillEase adheres to data privacy regulations, including the Data Privacy Act of 2012. This ensures the secure handling and protection of users' personal information.

  6. Documentation Verification. The verification process involves checking the completeness and accuracy of the documents submitted by applicants. Clear and complete documentation is crucial for a smooth approval process.

  7. Early Payment Option. BillEase allows users to make early payments if they prefer to settle their installment amounts ahead of schedule. Users can initiate early payments through specified channels.

  8. Re-availment Opportunities. Once an installment plan is paid off, users can immediately re-avail for another one. Loyal customers with good payment records may enjoy additional features such as higher credit limits and longer installment terms.

Requirements

  1. Age Requirement. Applicants are generally required to be at least 18 years old to be eligible for a BillEase loan.

  2. Stable Source of Income. BillEase usually requires applicants to have a stable source of income. This can include employed individuals with regular payslips, freelancers with verifiable income sources, or other proof of income.

  3. Valid ID. Applicants are typically required to submit a valid identification document. This can include a government-issued ID, passport, driver's license, or any other form of identification.

  4. Proof of Income. Providing proof of income is a key requirement. This can include payslips, screenshots of bank transaction history, Upwork certificates of employment, PayPal transaction history, remittance slips, and other relevant documents.

  5. Proof of Billing. BillEase may request proof of billing to verify the applicant's address. This can include utility bills (e.g., Meralco bill), credit card bills, water bills, cable TV bills, or other documents that demonstrate the applicant's residence.

  6. Documentation Submission. Applicants are required to submit the necessary documents online through the BillEase app. Clear and complete documentation is crucial for the verification process.

  7. Verification Process. BillEase conducts a verification process to validate the information provided by the applicant. The completeness and accuracy of the documents play a significant role in the approval process.

Ways to Receive the Money

  1. Online Banking. Users can choose to receive the funds directly into their bank accounts via online banking. This option provides flexibility and convenience, allowing users to manage their funds seamlessly.

  2. Bank Transfer. BillEase facilitates direct bank transfers, enabling users to receive the approved credit limit in their preferred bank account. This method is particularly useful for users who prefer to manage their finances through traditional banking channels.

  3. E-Wallets. For users who prefer digital wallet solutions, BillEase supports the transfer of funds to popular e-wallet platforms. This option enhances accessibility, especially for individuals who frequently use digital wallets for their financial transactions.

Products

  1. Installment Plans. BillEase offers an installment payment option that empowers users to make purchases from its extensive network of over 4,000 merchant partners. Users can enjoy the flexibility of spreading payments over time, with repayment periods ranging from 30 days to a convenient 12-month term.

  2. Personal Loans. Users can access personal loans through BillEase, utilizing the approved credit limit for various financial needs. Whether it's for unexpected expenses, special occasions, or personal projects, BillEase's personal loans provide a convenient solution.

  3. Loyalty Program. BillEase rewards its loyal customers with a loyalty program. Users with good payment records may unlock additional features such as higher credit limits, longer installment terms, cash loans, and other perks, enhancing their overall experience.

  4. BillEase Wallet. The BillEase app may feature a virtual wallet, commonly known as the BillEase Wallet. Users can manage their funds within the app, providing a central hub for transactions and facilitating quick access to their approved credit limit.

  5. Credit Line Access. The core product of BillEase is the credit line, providing users with instant access to a credit limit of up to ₱40,000. This credit line serves as the financial foundation, allowing users to make purchases and manage their financial needs conveniently.

Other Loans

Reasons for Getting Rejected for a BillEase Loan

  1. Incomplete Documentation. Failure to submit all required documents or submitting incomplete information may result in the rejection of an application. It's crucial to ensure that all necessary documentation is provided accurately.

  2. Insufficient Proof of Income. BillEase typically requires proof of a stable source of income. If the provided documentation does not adequately demonstrate the ability to repay the loan, the application may be rejected.

  3. Credit History. While BillEase may have a more inclusive approach than traditional lenders, a poor credit history or negative credit events could impact the approval decision.

  4. Age Requirement. BillEase requires applicants to be at least 18 years old. Failing to meet this age requirement may lead to rejection.

  5. Verification Issues. BillEase verifies the information provided by applicants. Inconsistencies or discrepancies during the verification process could lead to rejection.

  6. Existing Debt or Financial Obligations. High levels of existing debt or financial obligations may impact an individual's capacity to take on additional credit. BillEase may consider an applicant's overall financial situation when making approval decisions.

  7. Failure to Meet Specific Requirements. BillEase may have specific requirements for certain types of loans or purchases. Failure to meet these requirements could lead to rejection.

How to Repay a BillEase Loan?

Repay

  1. Choose Repayment Channel. BillEase offers a variety of repayment channels to cater to different preferences. Users can choose from options including online banking, bank transfers, e-wallets, and over-the-counter (OTC) payment channels.

  2. Online Banking. If you prefer the convenience of online banking, you can use your bank's online platform to make repayments. This method allows you to manage your payments from the comfort of your home.

  3. Bank Transfer. Users can initiate a direct bank transfer to BillEase's designated bank accounts. This method provides a traditional yet secure way to settle your installments.

  4. E-Wallets. BillEase supports payments through various e-wallet platforms. Users can leverage popular digital wallets to make seamless and instant repayments.

  5. Over-the-Counter (OTC) Channels. For those who prefer in-person transactions, BillEase provides the option to make payments through OTC channels. This may include payment centers, remittance outlets, or other physical locations.

  6. Payment Requests. Users can opt to receive payment requests from BillEase through specified channels for example Coins.ph and PalawanPay. Simply respond to the request to complete the payment.

  7. Early Payments. If you prefer paying early, BillEase accommodates early payments. Users can initiate early payments through payment requests or bank transfers. It's important to note that payment requests for early payments are typically valid only within the same day, emphasizing the need for prompt payment after receiving the request.

  8. Payment Schedule. BillEase may send repayment reminders to help users stay informed about upcoming due dates. Regular communication ensures that users have ample time to prepare and make timely repayments.

  9. Check Processing Times. Be mindful of processing times, especially if you're making payments close to the due date to keep full control over your finances. Different payment channels may have varying processing times, so it's advisable to plan accordingly.

Alternatives

JuanHand

Apply for a Loan

JuanHand offers online loans in the Philippines, providing individuals with access to up to ₱15,000 for a repayment period of up to 3 months. The lending platform stands out with competitive interest rates ranging from 9% to 12%. With a focus on simplicity and convenience, JuanHand aims to meet the short-term financial needs of borrowers through a streamlined application process and timely disbursement of funds.

JuanHand

Cashalo

Apply for a Loan

Cashalo is a prominent player in the online lending landscape in the Philippines, offering loan amounts ranging from ₱1,000 to ₱7,000 with repayment terms extending up to 90 days. Known for its accessibility, Cashalo provides borrowers with a starting interest rate of 3.95%. The platform's commitment to financial inclusion is evident in its user-friendly app, quick approval processes, and the flexibility it provides to individuals seeking smaller loan amounts for various purposes.

Cashalo

SB Finance

Apply for a Loan

SB Finance stands as a significant financial institution in the Philippines, providing substantial loan amounts ranging from ₱30,000 to ₱2 million. With flexible repayment periods spanning 2 to 48 months, borrowers can tailor their loan terms to fit their financial goals. SB Finance boasts competitive interest rates, starting at 1.2% and going up to 3.5%. This lending institution combines the strength of its parent company with a commitment to offering diverse loan products to meet the evolving needs of Filipino borrowers.

SB Finance

Online Loans Pilipinas

Apply for a Loan

Online Loans Pilipinas caters to a range of borrowing needs with initial loan amounts of ₱1,000 to ₱7,000 for first-time borrowers. Repeat borrowers can access higher loan amounts, reaching up to ₱30,000. This lending platform emphasizes a quick turnaround, with loan terms starting at 10 days. Notably, Online Loans Pilipinas distinguishes itself by not imposing any processing fees for first-time borrowers, providing an incentive for those exploring online lending options for the first time.

Online Loans Pilipinas

Editorial Opinion

BillEase appears to offer a commendable range of products and services, tailored to the varied needs of its users in the Philippines. The platform's commitment to inclusivity, particularly in welcoming freelancers and providing alternative proof of income, contributes to its appeal. The transparent and straightforward loan application process, coupled with a swift approval mechanism, underscores an effort to prioritize user convenience. Furthermore, the diverse array of repayment channels and the flexibility in terms of early payments showcase BillEase's dedication to accommodating the preferences of its user base. While the platform presents a promising financial option, users are advised to thoroughly review terms and conditions and consider their individual financial circumstances before engaging with any financial service.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender in the Philippines

  1. Ensure that the lender is registered with the Securities and Exchange Commission (SEC) of the Philippines.

  2. Investigate if the lender is a member of recognized industry associations in the Philippines, such as the Chamber of Thrift Banks or the Philippines Finance Association.

  3. Carefully examine all terms and conditions of your loan contract. This includes understanding the repayment schedule, fees, and any penalties for late or missed payments.

  4. Payday loans can have high-interest rates. Make sure the contract clearly outlines the interest rate and total cost of the loan, including any processing fees or additional charges.

  5. Familiarize yourself with your rights regarding cancellation. In the Philippines, consumers may have the right to rescind the loan within a specific period after signing the agreement.

  6. Research the lender's reputation through customer reviews, complaints, and feedback available online.

Methodology

At Finanso, we've carried out a comprehensive analysis of over 50 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

We carefully considered the most critical factors in selecting a lender in each category. These factors include interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional resources

To learn more about BillEase and best practices, check out some of the following resources:

Sources

Reviews

FAQ

What is BillEase?

BillEase is a digital installment plan platform that allows its customers to buy now and pay later, even without a credit card.

Who owns BillEase?

BillEase is a product of First Digital Finance Corporation (FDFC), which does business as FDFC, Balikbayad, and Bill Ease. The Securities and Exchange Commission regulates FDFC as a finance business (CoA No. 1101) and the Bangko Sentral ng Pilipinas as a Payment System Operator (OPSCOR-2021-0007).

How do you qualify for BillEase?

Applicants should be at least 18 years old and have a solid source of income.

How much can you borrow from BillEase?

If you meet credit requirements, you may be assigned an initial credit line of between  ₱2,000 and  ₱10,000. If you use a loan to pay for all purchases and make payments on time, you may increase your limit to ₱40,000.

Is BillEase a legitimate company?

FDFC is a fully-licensed fintech company regulated by the Securities and Exchange Commission (SEC) and a registered PIP/PIC under the National Privacy Commission (NPC). You have no reasons to concerns.

Company documents

Privacy Policy
Terms and Conditions

We’re here to help every Filipino take control of their financial future.

© First Digital Finance Corporation (Billease)
Financial products
BillEase
Blissful Shopping. Easy Billing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4.13
Recommended FinScore™
0
300
650
1000
to 40000.00 ₱
Rate
i

Effective interest rate on the product

to 3.49 %
Term
i

Loan term for the financial product

1 days – 12 days
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BillEase loans calculator

Calculate loan payments in BillEase. Loans calculator will allow you to calculate an approximate payment schedule for the loan

BillEase calculator
Interest rates are given in accordance with the rates of the BillEase in Manila as of 24.07.2024
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All BillEase’s reviews by july 2024
Leave feedback
5
Advantages
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Disadvantages
I didn't notice
Complain
4.2
Advantages
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card. I find a lot of my favorite tech stores to work with it like Lazada and Aldo. So for me its a match. Recommend
Disadvantages
Commission to pay at 7/11 or bank. I don't have coins wallet to pay with no fee.
Complain
4.2
Advantages
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Disadvantages
Need to input documents, ids, income etc and pray to get a good credit limit. Im ok with my job and history, so happy with it.
Complain
3.2
Advantages
My first loan with Billease was ok
Disadvantages
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Complain
2.2
Advantages
They give money
Disadvantages
Worst company. Do not use it, you are desperate in need but use bank or other company who care a little. They dont care you are a customer or what. Every time I need response every step I wait a, week. Wtf???)!!!? They charge me late payment fee but I told my payment was on time!
Complain
Overall company rating
3.8
/ 5
5 reviews
Execution of an application
3.8
Support service
4.0
Mobile app
3.0
Service quality
4.0
Your satisfaction level
4.0
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