Lazada App Review App
Lazada App Review
  • Easy to apply
  • Approval time
  • No hidden condition
  • Renewal rules
  • Service quality
  • Customer support
Contact information
Phone number: (02)7795 8900
8:00 - 20:00 (except on holidays)

In recent years, online platforms and mobile applications have become increasingly integral to daily life, especially in the financial sector. One such platform is Lazada, a leading e-commerce platform in Southeast Asia. Responding to the growing demand for financial services, Lazada has introduced its new Lazada Loans App, designed specifically for users in the Philippines. This app aims to simplify the loan application process, making it quick, convenient, and accessible for everyone.

Lazada App

Features and Benefits of Lazada Loans App

  1. User-Friendly Interface: Lazada App boasts an intuitive and easy-to-navigate interface, making it accessible even for those who are not tech-savvy. The application process is straightforward, requiring minimal documentation and steps.
  2. Quick Approval Process: One of the standout features of the Lazada Loans App is its rapid approval process. Users can apply for a loan and receive approval within minutes, reducing the waiting time and providing immediate access to funds when needed.
  3. Flexible Loan Options: The app offers a variety of loan options tailored to different financial needs. Whether it’s for personal expenses, business needs, or emergency situations, users can choose from short-term or long-term loans with varying interest rates and repayment terms.
  4. Secure Transactions: Security is a top priority for Lazada. The app employs advanced encryption and security protocols to protect users’ personal and financial information, ensuring a safe and secure borrowing experience.
  5. Integration with Lazada Wallet: Users can seamlessly integrate their loans with the Lazada Wallet, allowing for easy management of funds. This integration also enables direct purchases on the Lazada platform, enhancing the overall shopping experience.
  6. Customer Support: Lazada App offers robust customer support, with representatives available to assist users with any questions or issues. This support includes in-app chat, email, and phone support, ensuring users can get help when they need it.
Loan parameters
  • Loan amount
    4.000 - 20.000 PHP
  • Interest rate
  • Term
    15 days - 24 months
  • Age

What Are the Minimum and Maximum Loan Amounts?

For first-time borrowers, the loan amount ranges from a minimum of P500 to a maximum of P20,000, depending on the partner lender. As you build a positive repayment history by paying your loans in full and on time, your credit limit increases, allowing you to borrow larger amounts in the future. However, it is important to note that currently, none of the accredited partners offer loans exceeding P50,000.

How to Apply for a Loan

Applying for a loan through the Lazada Loans App is a simple and straightforward process:

  1. Download and Install the App: The app is available for download on both the Google Play Store and the Apple App Store.
  2. Sign Up or Log In: Users need to create an account or log in using their existing Lazada credentials.
  3. Complete the Application Form: Fill out the required details, including personal information, employment details, and the desired loan amount.
  4. Submit Documentation: Upload necessary documents, such as a valid ID, proof of income, and any other required documentation.
  5. Await Approval: The app’s algorithm quickly reviews the application and provides a decision within minutes.
  6. Receive Funds: Once approved, the loan amount is disbursed directly to the user’s Lazada Wallet or bank account.

How to Activate Your Lazada Wallet

  1. Access the Wallet: Click on the Wallet icon located in the upper right corner of the Lazada Homepage.
  2. Begin Activation: Click on the “Activate” button.
  3. Verify Mobile Number: Ensure your mobile number is correct, then click on “Get Code” to receive a one-time password (OTP) via SMS.
  4. Enter OTP: Input the OTP and click on “Verify Mobile Number”.
  5. Complete Activation: Once your mobile number is successfully verified, you will be redirected to the “My Wallet” page.

Key Points to Remember When Applying for a Lazada Loan

  1. Use Correct Information: Ensure you use the exact email address and mobile number registered with your Lazada account.
  2. Activate Your Wallet: Confirm that your Lazada Wallet is already activated before applying for a loan.

Impact on the Philippine Financial Market

The introduction of Lazada Loans App is poised to have a significant impact on the Philippine financial market. It addresses a crucial gap in the market by providing accessible and quick financing options to those who may not have access to traditional banking services. This democratization of financial services can empower individuals and small businesses, fostering economic growth and stability.

Additionally, by integrating financial services with its e-commerce platform, Lazada is creating a holistic ecosystem that enhances customer loyalty and engagement. This strategy not only benefits Lazada’s business model but also contributes to the broader digital economy in the Philippines.

Lazada App represents a significant advancement in the field of digital financial services in the Philippines. With its user-friendly interface, rapid approval process, and secure transactions, it offers a compelling solution for those seeking quick and accessible loans. As it continues to evolve, the app is likely to play a pivotal role in shaping the future of digital finance in the region, making financial inclusion a reality for many Filipinos.

Frequently Asked Questions about Lazada Loans

Can I Apply for a Loan Through Both the App and Desktop?

Yes, you can apply for a loan either through the Lazada app or on a desktop, depending on what is more convenient for you. Both methods support the submission of necessary documents and images.

What If My Application Is Denied? Can I Apply with Another Lender?

Yes, if your application is denied by one lender, you can apply with another. You can apply for multiple loans with different lenders and choose the approved loan that suits you best. Additionally, it is possible to have more than one loan at a time (limited to one per lender) if you require a higher loan amount.

Are There Any Special Offers?

Yes, several of our partners offer a 0% interest loan for first-time borrowers. After this initial loan, subsequent loans will be subject to normal interest rates ranging from 2% to 4%, excluding processing fees. You can find these offers by visiting the Lazada Loans page and filtering by interest rate.

What Is the Average Lead Time for the Application Process?

The approval time can vary depending on the partner. Once all application requirements are submitted, the process can be as quick as instant approval or take up to 24 hours.

What Requirements Are Needed for the Application Process?

The requirements vary by partner. At a minimum, you will need a government ID (such as a Passport, Driver’s License, SSS, or Pag-ibig ID). Some lenders may also require proof of billing and the latest pay slip.

Where Is the Disbursement Channel for My Loan? Is This a Cash Loan?

The loan amount is disbursed directly to your Lazada Wallet, and it can only be used for purchases on Lazada. This is not a cash loan.

Do I Need a Guarantor for My Loans?

No, a guarantor is not required for a Lazada Loan. Unlike larger loans such as housing or auto loans, the loan amounts are smaller and do not require a financial backer.

How Long Does It Take for the Money to Be Credited to My Lazada Wallet After Approval?

If you apply between Monday and Friday, the funds will be credited to your Lazada Wallet within a few hours to a maximum of 24 hours after approval. Applications submitted on Saturday or Sunday will be credited by Monday afternoon. Crediting is done during business hours on weekdays.

Is the Loan Given in Full or in Installments?

The loan amount is credited to your wallet in full, allowing you to make purchases on Lazada. Repayment is done in monthly installments.

What If I Don’t Use the Credits? Do I Still Have to Repay the Loan?

Yes, you must repay the loan according to the repayment schedule agreed upon, regardless of whether you use the credits.

How Do I Pay Off the Loan?

The loan repayment is made directly to the lender, not to Lazada. Most lenders offer various repayment channels, such as bank transfers, over-the-counter payments, and bills payment centers. The lender will provide specific instructions on how and when to repay your loan.

When Do I Have to Pay Back the Loan?

Repayment terms depend on the loan agreement with the lender. You can choose the number of months for repayment, and once finalized, you must adhere to the agreed schedule.

What Can I Buy with the Wallet Credits?

You can purchase anything available on Lazada with your wallet credits. The credits function as a balance, so any unused amount will remain available for future purchases.

What If the Amount in My Wallet Isn’t Enough for My Purchase?

You will need to top up your wallet by visiting the Wallet homepage and selecting a Cash In method (e.g., bank transfer, over-the-counter, GCash). You cannot combine the Wallet with another payment method, so ensure you have enough funds in your Wallet to cover the total purchase amount. The minimum cash-in amount is P20.

Do the Wallet Credits Expire?

No, the wallet credits from a Lazada Loan do not expire. You can shop whenever you want or save the credits for a future purchase. You can also apply for additional loans or top up your wallet to accumulate more credits, all of which do not expire.

As a Lazada Seller, Will My Sales/Payment Be Affected If the Customer Fails to Make Their Monthly Payment to the Lender?

No, as a Lazada seller, you will be paid in full for your sales just like any regular transaction. The loan repayment is strictly between the customer and the lender, and it does not affect your payment from Lazada.

Lazada App Review
Borrower requirements
  • You must be 18+
  • Filipino Residents or permanent resident
  • Have regular income
  • Have an active bank account
Obtaining methods
  • Bank account
  • Credit or Debit card

Your comment

Elizabeth Mizell
Elizabeth Mizell
Easy to choose the one that suits your requirements among the large list of credit companies.
Rey Rosales
Rey Rosales
Very comfortably! Confidently! What they have offered is what they do. It helps me a lot. I recommend it to you too.
Jaunita Ernser
Jaunita Ernser
It is convenient to issue micro loans for small expenses. Low interest rates and favorable terms for short terms.
Kimberly Perkins
Kimberly Perkins
Recently, money was urgently needed, and one of the loan companies represented on this site, issued a loan in less than an hour, which is impressive.
Winston Murphy
Winston Murphy
Simple submission of documents and fast verification. The money was credited to the card on the same day. I recommend!
Arlene Francisco
Arlene Francisco
I used online loans twice. The conditions are human, they don’t call again, write to the mail or SMS. Application is still convenient, I think that it is even better than that of some banks, it is convenient for the user.
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