About lender
TendoPay is a Philippines-based fintech firm founded in 2018 that allows you to buy now and pay later for all of your online purchases from various online merchants. Consumers can purchase and pay in installments ranging from 2 to 24 months, with simple credit for e-commerce purchases without the requirement for any credit card or bank accounts.
Pros and cons
Sometimes, having an extra credit limit is a good way to avoid financial constraints. However, it's important to know all its advantages and disadvantages.
Pros
Easy application
Fast approval
More access to merchants
Cons
20% down payment
Different voucher system
High-interest rates
Loan conditions
The initial loan is subject to the user's verification, and the user must make the first installment payments at the time of purchase. The initial payment determines the terms of subsequent loans; when you make more purchases with TendoPay and settle your installments on time, TendoPay will increase your credit limit. While paying, ensure each payment is completed on or before the given due date.
