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Lender
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.

3.2

Blend

Advertiser Disclosure

About lender

Blend Philippines is a virtual peer-to-peer lending funding platform managed by Inclusive Financial Technologies, Inc.

Blend is a genuine online peer-to-peer lending platform where borrowers can access short-term loans. The platform offers loan consumers quick loans after a hassle-free loaning process that fits the needs of most online lenders. The company is registered as a financial lending platform to help borrowers access quick cash loans and improve their financial well-being. Blend offers fast loans with a flexible payment plan, enabling borrowers to plan their loans accordingly. Because it provides quick loans, Blend allows borrowers to consider these consumer loans when they need quick cash or for emergencies. Besides, the platform encourages borrowers to invest and build up their money while raising the lives of others on the platform. As a peer-to-peer platform, Blend ascertains convenience, helping borrowers get quick cash loans and investors make money through lending. Blend’s p2p platform enables borrowers to benefit from interest rates of as low as 0.03% per day.

Pros and cons

Blend loans are unique because of the p2p platform that enables borrowers to meet investors. Blend strives to build customer relationships to ensure that borrowers and investors find the platform meaningful to use when borrowing an online loan service or investing their money. Borrowers can quickly get online loans from the peer-to-peer funding platform because it offers different loan products.

Pros

  • You can apply fast through an online system.
  • The platform is safe to use
  • Interest rates are relatively low and depend on your creditworthiness.
  • Flexible loan terms of up to 36 months.
  • Easy repayment schedules
  • Quick approval time

Cons

  • High penalties for defaulting
  • High late payment fees

Loan conditions

Blend offers different loan products, ranging from fast personal loans to salary and franchise loans. New customers can access the loans by first registering online through the peer-to-peer platform and choosing the suitable loan they would like to take. For example, a new customer applying for a personal loan can access a minimum of ₱50,000 at an interest of between 1% and 3% per month. Meanwhile, a new customer interested in a fast loan can access at least ₱10,000 with an interest of between 5% and 8% per month, depending on their creditworthiness. Customers can also access seafarer loans of ₱50,000 to ₱500,000 with an interest rate of 2.5% per month upon fulfilling all required terms of the loan. Existing customers can access higher amounts of up to ₱2,000,000 personal loans with an extended payment period and lower interest rates. Regular borrowers can also access higher limits of salary and franchise loans depending on their records and creditworthiness.

Methods of a loan funding

Borrowers enjoy fast loan approvals depending on the type and amount of loans they require. For example, fast loans can take about 5 minutes to be approved, while franchise loans can take up to 48 hours, which is still a quicker turnaround than a conventional bank. The loaning process is simple and easy to follow, and approval notifications always follow within 1 to 2 business days for most types of loans after application.

Blend.ph

Reviews

FAQ

What is Blend?

Blend is a legitimate online peer-to-peer lending platform registered with the Securities and Exchange Commission to offer loans in the Philippines. The virtual p2p platform enables borrowers to access quick cash loans with as low as 0.03% interest per day and 1% monthly interest rates depending on the type of loan. Borrowers and investors enjoy the benefit of operating on the platform; borrowers get quick loans as investors make money from the interests paid by borrowers.

Who owns Blend?

Blend is a registered company in the Philippines owned by Jay S. Bautista, a well-known business management and finance guru with an extensive experience in the financial sector. Blend is the first virtual p2p platform for lending in the Philippines.

How do you qualify for a Blend loan?

A borrower is eligible for a BlendPH loan if he or she can meet the following requirements:

  • Filipino nationality

  • Aged between 20 and 55 years

Borrowers must also meet these conditions:

  • Have a Certificate of Employment with Compensation

  • Company ID for a franchise

  • Latest 1 month payslip

  • 2 valid government IDs

  • Proof of billing

How much can you borrow from Blend?

New customers can access the least band for every type of loan depending on their creditworthiness. However, existing customers can borrow more, also depending on their payment histories and creditworthiness.

Is Blend a legitimate company?

Yes. Blend is a legit and state-licensed company registered in the Philippines as Inclusive Financial Technologies Inc., a peer-to-peer platform.

Company documents

TERMS AND CONDITIONS FOR BORROWERS
PRIVACY POLICY

BlendPH is developed and managed by Inclusive Financial Technologies, as an online platform to connect borrowers who need access to a financial institution to fund their goals and lenders who want to grow their wealth through intelligible investing.

Inclusive Financial Technologies Inc

Blend available areas

  • Ilocos Region
  • Cagayan Valley
  • Central Luzon
  • CALABARZON
  • MIMAROPA Region
  • Bicol Region
  • Western Visayas
  • Central Visayas
  • Eastern Visayas
  • Zamboanga Peninsula
  • Northern Mindanao
  • Davao Region
  • SOCCSKSARGEN
  • Caraga
  • National Capital Region
  • Cordillera Administrative Region
Blend available areas

Financial products

Blend
Personal Loan
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.

3.6
Recommended FinScore™
0
300
650
1000
50000 - 2000000
Rate
i

Effective interest rate on the product

1.5% - 3% per month
Term
i

Loan term for the financial product

12 - 36 months

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Blend loans calculator

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

Blend calculator
Interest rates are given in accordance with the rates of the Blend in Manila as of 30.11.2022
Loan amount
i

Enter the desired loan amount

PHP
PHP
50000 ₱
2000000 ₱
Loan term
i

Specify the loan term for the calculation

months
days
12
36
City

What to pay attention to when applying for a loan at Blend?

Recommendations

What distinguishes Blend from a bank:

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All Blend’s reviews by november 2022
Leave feedback
1 reviews
3.4
Advantages
online application + eligibility is simple. THAT’S IT
Disadvantages
this place looks like scam. u can apply for the loan but u need to be lucky to receive youe funds because this is a p2p platform. maybe the seller will send you money and maybe not. this is a casino. there are a lot of places where you will have a guaranteed approval and funds will arrie on the same day but not heer. be aware!
Complain
1 reviews
2.8
Advantages
well, looks like i was lucky. the support was very friendly and always helped me with my issues. its very cool that u can apply only online and dont need to go somewhere. applicaition was very fast and easy. their requirements are easy
Disadvantages
interest rate is a little bit high. in other comapnyes i saw rates smaller. approval was very fast but funds arrived only after some days. thats not cool…
Complain
1 reviews
2.4
Advantages
Nothing
Disadvantages
I had to wait for almost a week to receive my money and for what? To have such a rate? They didnt even call me, I had to call them every day and when they stoped answering the phone I started tecting them tru fb and guess what??? they stopped answering at fb. its just insane i had to write them at email and thank god they answered but their answer was kinda “wait” only on 6 day i r4ceved my money. horrible experience
Complain
1 reviews
3.6
Advantages
like that they have the online application. its really uncomfortable to go at those offices. also its great that you can make money transfers for FREEE, thats very cool, but they dont come fast but thats ok
Disadvantages
they need to do something with their rates, they are pretty high. transfers take VEEERRYY long time like a month maybe. the biggest problem is thier support. they work very slow and i had to wait for my loan for like a week. they didnt tell my why it was so long but at least they answered my messages. THANKS FOR THAT!!
Complain
1 reviews
Personal Loan Next
3.6
Advantages
online application is very easy. you dont need to go to their office or anything, you can just go to their site and do application. they approve quickly but maney transfers are not the same thing
Disadvantages
maybe applying is ok but the rest is not. i had to wait for over 3 days to receive my money from this company. and they didnt answer my why it is so long. i called them but after some time they stoped answering phone. and they didnt call me just like they forgot about me. only on the 4 day i finally received my loan. not reccomended
Complain
Overall company rating
3.2
/ 5
5 reviews
Execution of an application
3.8
Support service
3.4
Mobile app
2.2
Service quality
3.2
Your satisfaction level
3.2

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