Content articles
Tendopay is a one-stop digital salary of philippine navy suite of financial services that includes zero percent interest purchasing loan, emergency cash loan, personal finance management tool, virtual card, prepaid health insurance cards, and rewards program. It also provides payroll connectivity for companies.
Its social impact is far-reaching as it enables access to credit for individuals who are traditionally underserved. This helps reduce poverty levels and creates more stable communities.
Easy to apply
The Tendopay app is a user friendly platform that allows you to apply for a credit loan even without having a bank account or a credit history. Simply download the app, create a digital pin and fill out all the necessary information. You will also need to provide valid IDs (like your passport, SSS card, driver’s license, Voter’s ID, TIN ID, etc.) and a selfie photo holding your ID.
You will be required to answer some security questions and provide proof of income and address, which you can easily do with the help of your recent payslip and utility bills. Once you have submitted all the requirements, your application will be processed and you will be notified via email within 48 hours. Tendopay is a financing company that is duly licensed by the Securities and Exchange Commission. It is operated by Templetech Finance Corp., which is a publicly listed company on the Philippine Stock Exchange. Moreover, Tendopay is not only limited to Lazada; you can also use it at a wide variety of Merchant partners including 7-Eleven.
Easy to manage
The good thing about tendopay cash loan is that it can be easily managed by small installments. You can set aside a portion of your income to settle repayments on a monthly basis. If you are disciplined enough, you can easily manage the repayments without burning a hole in your wallet.
At iRent Mo, we make it easier for our customers to get the products they want by offering various payment options through our partners such as Tendopay and Billease. This way, you can shop faster and more conveniently while enjoying the benefits of paying in installments. This also gives you the peace of mind that you can afford your purchases.
Flexible repayment terms
TendoPay’s flexi loan offers a flexible repayment term that varies depending on the number of months you choose after checkout. You can select the payment plan you want during check out and it will be shown to you in a pop-up window. This will include the breakdown of your payments and interest rate.
You can choose to repay the loan in full at any time, provided that you have the money to do so. Otherwise, you will have to pay the remaining balance along with any applicable late payment fee. It is important to note that only one installment transaction per account is allowed at a time. However, once you settle your payment, you’ll be eligible to make another purchase with a higher credit limit. You’ll also need to maintain a good track record to qualify for further installments. This means that you should make your repayments on time and avoid defaulting.
Tendopay Cash Loan is a financing option offered by a popular online shopping platform. It is a great option for people who cannot afford to pay their purchases upfront or for those with poor credit scores. This installment payment solution also caters to underserved communities in the Philippines.
To make a tendopay transaction, simply log in to your TendoPay account then click the “Credit Loan” option. A pop-up window will appear asking you to confirm your purchase. After confirming your purchase, you will be shown a breakdown of the total cost and interest rate based on the number of months term you have chosen. You can then choose to pay back the amount within the selected time frame.
For TravelOnline packages a photocopy of your ID and a selfie picture with your ID is required. A valid passport, driver’s license or SSS ID is needed. You can also use a bank statement as proof of income. You must be a Metro Manila resident, employed, with at least 18 years old, and a citizen of the Philippines.
The acquisition of TendoPay by Tonik, the Philippines first neobank, is a testament to both companies’ passion for driving financial inclusion in the country. This is made possible through payroll connectivity that enables the use of TendoPay’s zero percent interest purchasing loan, emergency cash loans, personal finance management tools, virtual card, prepaid health insurance cards, and rewards program by salaried employees of partner companies.