About lender
BillEase company was established in 2017, and today it occupies a leading niche in the Philippines and Southeast Asia financial services market. The company is FDFC's key product for Southeast Asian retail financing. This licensed lender specializes in Buy Now, Pay Later options and short-term consumer loans. The head office of First Digital Finance Corporation is located in Makati, Philippines. Buy Now, Pay Later (BNPL) solution provider BillEase is one of the largest lenders in the Philippines and Southeast Asia that allows its users to shop online and pay later for their purchases.
Pros and cons
Generally, most installment plans have a variety of benefits and disadvantages, and BillEase is no exception. Like any other installment plan, BillEase can be good if the customers use it wisely and can afford to pay back the money they borrow.
Pros
- Cheap interest rates of 3.49% monthly
- Flexible credit line
- Full control payment schedule
Cons
- Buy Now, Pay Later services may encourage impulse spending
- Late payment fees
Loan conditions
BillEase loans allow customers to purchase and pay with ease. BillEase offers two loan products for borrowing money: the BillEase Buy Now, Pay Later service and the Bill Ease Cash Loan with a flexible installment payment option and low interest rates.
Methods of a loan funding
If you decide to get a loan from BillEase, you need to study the process to make sure that you will receive an installment plan with a payment schedule that is suitable for you. After approval, the lender will deposit your credit line at the company service (an app or a website), which you may use for online purchases. You may also turn your credit limit into a cashout limit and withdraw the money through your nominated bank account or Coins.ph account.
