Digido Loan and Review
Is Digido safe and Secure? Are they harassing borrowers? Some of the questions may be ruined to your mind and a must-thing to know before dealing with online loans. Subscribing to Online Lending Apps is worrisome and unsafe due to illegal operators and bad practices of lenders online and their Customer Service Representatives. Choosing the safe one will need more research and reviews to read and to be listened for you to know more deeply about the background of the company itself for your safety.
In this Review, let us discuss truthfully to you about Digido Loan. If you ask for safety, I will say not sure. Digido will ask some permission to your phone, SMS and contact list. They will accessing your personal information upon permission granted. Its upon to you if you grant their requested access permission.
How much is the first loan offered by Digido?
Digido offers to new users from 1000 pesos to 10,000 pesos with Zero interest rate and payable for 7 days. Digido offers are based on your profile assessment primarily on the ID you will use in the application and on your credit reports from Credit Information Corporation (CIC). Digido will give you a gradual increase every time you settle your debt. They add a 1000 pesos increase from the previous amount approved until you reach the maximum loanable amount.
Fees and Interest of Digido
Digido interest rate per month is 48% of your approved loan which will give you options from 7 days, 14 days, 21 days and 30 days. The interest rate will be charged by the succeeding week. If you will pay earlier than 30 days you just pay the number of week you used the owed money. For example, if you have a 2,000 pesos loan amount, your interest will be 960 pesos for One month. If you want to pay your loan just after 2 weeks, your interest will only be for 14 days which is 480 pesos.
For other fees, they charge a 6% one-time processing fee for every approved loan. On the other hand, if you have a 2000 pesos approved loan the amount you will receive is just 1,880 pesos as a 6% processing fee has been deducted.
Is Digido harassing Borrowers?
If you have experienced follow-up calls in your Motorcycle loan in a Financing Company may be the same with this. They convince you to pay your overdue and if not they will visit your area and at work. Maybe all lenders are like this especially if you take an unsecured loan.
One of the Reddit User shared his experienced with Digido App after he failed to pay on due. He said "Two (2) days after the due date, a collection agent contacted me. He was shouting and wouldn't let me explain what happened. He was rude as hell and he verbally harassed and condescended me. Though no profanities were said, the intimidation and shouting irked me. It was not my fault I didn't process the payment. It's on them, then they will treat me like that."
"I'm filing a complaint against them", He added.
Let us know if you have some embarrassing experience in this company, just leave us a comment.
Want 30% monthly interest rate lower than Digido try to read MABILIS CASH REVIEW.
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