I tried ATOME Cash Loan so you don’t have to

[lilyanna]

Hello! It’s me again! The victim of pre-approved Gloan (LOL!)

https://www.reddit.com/r/phinvest/comments/163lu3h

But this time (with ATOME) it’s not an accident. Tried ATOME cash loan and it’s smoooooth! Ang pangit lang here is there’s no cash back when you pay in full, unlike Gcash loans.

By default you won’t see the offer. You need to do facial verification first before requesting for a loan. Which is a pretty nice security layer. Nobody else can take a loan using your Atome account without your face.

Soooo… Due to me being a curious cat, I tried to tippity tap again and got a 20k offer. After accepting, it’s instantly sent to my Gcash account.

You will receive (from Banana Fintech/BananaPay) the entire 100% of the loaned amount, which is great. Walang minus sa fees unlike Gloan.

20k cash = 26.6k utang. But it’s payable in 6 months pa naman. 4433.33 per month. Yay!

Only use Atome if you super need it for emergencies or you’re a fun investigator. Hahaha!

Atome Loan Screenshots (in case you wanna see):
https://www.reddit.com/@doxterrr-Investigator3256/s/lhTgLFdI7X

 

[tchiakovsky]

@lilyanna Tanginang interes yan

 

[sendongoanani]

@lilyanna

20k cash = 26.6k utang. But it’s payable in 6 months pa naman. 4433.33 per month.

That loan has an interest rate of 66% per annum. What a waste of money.

Only desperate and stupid people would fall for that.

 

[fw777]

@sendongoanani how do u compute per annum

 

[onlyway019]

@fw777 26600 / 20000 = 1.33 ; 33% interest for 6 months

x2 lang para maging 12months/1year = 66% p.a.

 

[lilyanna]

@onlyway019 Grabe no. Sakto tong ad nila sa website:
https://www.atome.ph/atome-cash

Give yourself a boost with Atome Cash. At ultra-low monthly interest rates starting from 1.75% and fast cash disbursement, it’s never been easier to fund the things that matter.

Starts at 1.75%… And ends in infinity. walang maximum.

 

[fw777]

@onlyway019 Ty for this!!

 

[lilyanna]

@fw777 Sakto 33%. It’s like 1k per month dagdag for 6 months. Yay!

Starts as low as 1.75% and as high as 33% or more. Hahahaha!

 

[eline]

@lilyanna

20k cash = 26.6k utang. But it’s payable in 6 months pa naman. 4433.33 per month. Yay!

Oooof laki ng interest, yah gamitin mo lang yung mga loan paps if super desperate ka na talaga and for emergency purposes

 

[joyseeker16]

@lilyanna I was eyeing this so thank you for checking it out and sharing your experience! By the gods that interest rate is so high, its a pass for me.

 

[resjudicata]

@lilyanna ₱26.6k that's 33% interest rate sobrang laki nya. My rule of thumb lagi is kapag lumagpas sa 10% interest rate hindi ko na itutuloy kahit 6 mos to pay pa sya. But thank you for sharing this information OP, we appreciate it a lot.

 

[lilyanna]

@resjudicata Yeah it’s so high. It’s sad I can’t share screenshots here on phinvest. Haha!

 

[resjudicata]

@lilyanna Still thank you pa rin kasi marami kang na-save na redditors since ikaw na ang nag trial for us. Pwede pa nila pag-isipan or i-risk nila na humiram sa ganitong loan shark. Pero wala sanang magipit at lumapit sa mga ganitong oportunistang business.

And also bayaran mo na rin yan and huwag na umulit.

 

[lilyanna]

@resjudicata Glad to help! Haha! Yeah. Will pay for it in 6 months. Hahahahaha!

 

[locutus]

@lilyanna Tubong lugaw ung Atome haha

Ung financial literate d2 would only go for loans that offer 0.49 to 0.59 percent monthly addon interest.

Actually minsan hindi pa nga pinapatulan ung 0.49 or 0.59 kasi minsan may mas mababang interest rate na 0.39 monthly

 

[godisnotdead712]

@lilyanna Can you pay the balance early?

 

[lilyanna]

@godisnotdead712 Yes you can but there’s no cashback. So you’ll be giving them 6k petot for fun.

 

[thelostgirl101]

@lilyanna Damn. Laki interest, borrowed sa Billease 20.5K, payable 3 months 7,756 so total interest is just 2,768 or 13.5%, way too low!

 

[lilyanna]

@thelostgirl101 Yeah Billease is wayyyyy better! I love Billease.

 

[zeelizardglue]

@lilyanna Holy moly the interest