MocaMoca — loans online in Philippines

MocaMoca is a Philippine online cash-loan app and lender aimed at people who need quick emergency funds. It says it offers loans from ₱2,000 to ₱50,000, with a repayment period of 91 to 180 days, and supports applications online through its app.

MocaMoca presents itself as a fast loan service for Filipinos, run by Copperstone Lending Inc. The app description says it is available 24/7 and is meant for expenses like education, gadgets, transport, or medical bills. MocaMoca is operated by Copperstone Lending Inc. and is registered with the Philippine SEC under Registration No. 2021050012959-04, with Certificate of Authority No. 3454.

Loan Terms and Conditions

• Amount from 2,000 to 20,000 PHP
• Terms from 180 to 360 days
• Interest rate 0,03% per day
• Approval Duration 30-60 min
• For any purpose
• No collateral
• On a bank account

Loan Requirements

• A valid ID card that can be used to prove your legal age for taking this loan
• Job information
• Personal information, such as your address, spouse name, telephone number, etc. 
• Age from 21 years

How to get cash loan with Moca Moca

1. Open Google Play, search and download the mocamoca application
2. Register an account with your phone No.
3. Choose the loan amount and fill the information
4. Get your cash in 5 minutes

How to repay MocaMoca

• PayMaya (another electronic wallet other than GCash)
• 7-11
• Pawnshop
• M Lhuillier, etc.

Key Functions and Features

• Loan Amount Range: Typically between PHP 2,000 and PHP 20,000.
• Loan Period: Borrowers can choose loan terms ranging from 180 to 365 days.
• Interest and Fees: The APR is around 10% with a service fee applied upon disbursement.
• Confidentiality and Security: The app emphasizes data confidentiality and secure transactions.
• Credit History Recognition: Users with good repayment history may qualify for higher loan amounts.
• Eligibility Requirements: Filipino citizenship, age 21+, a valid mobile number, and one government-issued ID are needed to apply.

Is MocaMoca a legitimate app?

MocaMoca’s legitimacy has been questioned due to unclear registration status with Philippine regulatory authorities. Borrowers should confirm before applying.