Salmon – Finance Made Simple 2.7.1

Salmon is a credit line mobile loan app that provides swift approval along with a 0% processing fee.

Credit line conditions

Why is borrowing from the Salmon loan app a preferable choice?

• ✅ Fast form: Complete the form within 2 minutes using just 1 valid ID.
• ✅ 0% processing fee.
• ✅ Low interest + Fees incurred only on the amount spent.
• ✅ Borrow and utilize money as desired: avail zero fees via Pay via QR, transfer funds to GCash and other e-wallets or banks, and send money to acquaintances.
• ✅ Timely repayments may enhance and potentially increase your credit line amount.
• ✅ Flexible repayments – pay at your convenience.

Who can borrow money?

All Filipino citizens, aged 18 and above, with an active mobile number during the application process.

Loan conditions:

• Initial loan amount: Up to twenty-five thousand pesos (PhP25,000.00) credit limit, can be augmented based on repayment history.
• Minimum APR: 0%
• Maximum APR: 9% monthly
• Minimum and maximum period: Salmon offers flexible repayments.

If your interest rate is 6%, you spent PHP 10,000 and want to repay it over 6 months, your monthly payments will be only PHP 2,034 per month, and the total cost of the loan will be PHP 12,201.