Valley Loan Review: Requirements and Complaints

Introduction

Valley Loan is a mobile lending app that offers short-term loans to Filipinos. The app is available on both Android and iOS devices. To apply for a loan, borrowers must create an account and provide some basic information, such as their name, email address, and mobile number. Once an application is submitted, Valley Loan will review it and make a decision within minutes. If approved, the borrower will receive the funds directly into their account.

What is Valley Loan?

Valley Loan is a mobile lending app that offers short-term loans to Filipinos. The app is available on both Android and iOS devices. To apply for a loan, borrowers must create an account and provide some basic information, such as their name, email address, and mobile number. Once an application is submitted, Valley Loan will review it and make a decision within minutes. If approved, the borrower will receive the funds directly into their bank account.

How does Valley Loan work?

Valley Loan uses a proprietary algorithm to assess the creditworthiness of borrowers. This algorithm takes into account a number of factors, including the borrower's income, employment history, and credit score. Once a borrower is approved for a loan, they will be able to borrow up to PHP 10,000. The loan term is for 30 days, and the interest rate is 20%. Borrowers can repay their loan early without penalty.

Valley Loan reviews

Valley Loan has received mixed reviews from borrowers. Some borrowers have praised the app for its quick approval process and convenient funding. Others have complained about the high interest rates and the aggressive collection tactics used by Valley Loan's debt collectors.

Pros and cons of Valley Loan

Pros:

  • Quick approval process
  • Convenient funding
  • No credit check required
  • Flexible repayment terms

Cons:

  • High interest rates
  • Aggressive collection tactics
  • Can be difficult to get out of a loan

Alternatives to Valley Loan

There are a number of alternatives to Valley Loan available to Filipinos. Some of these alternatives include:

  • MoneyMax
  • Cashalo
  • LoanUp
  • EasyPaisa

These alternatives offer similar services to Valley Loan, but they may have different interest rates, repayment terms, and fees. It is important to compare these alternatives before choosing a loan.

Conclusion

Valley Loan is a mobile lending app that offers short-term loans to Filipinos. The app is convenient and easy to use, but it has high interest rates and can be difficult to get out of a loan. Borrowers should carefully consider their options before choosing to borrow from Valley Loan.

FAQs

1. What is the interest rate for Valley Loan?

The interest rate for Valley Loan is 20%.

2. What is the repayment term for Valley Loan?

The repayment term for Valley Loan is 30 days.

3. Can I get a loan from Valley Loan if I have bad credit?

No, Valley Loan does not require a credit check.

4. How can I get out of a Valley Loan loan?

You can get out of a Valley Loan loan by paying it back in full. You can also try to negotiate with Valley Loan to lower the interest rate or repayment term.

5. What are the risks of borrowing from Valley Loan?

The risks of borrowing from Valley Loan include high interest rates, aggressive collection tactics, and difficulty getting out of a loan.

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