etomo 2.0

etomo is a reliable online lending application owned and operated by Etomo Financing Corporation (Etomo FC). Etomo FC is a duly registered financing company with the Securities and Exchange Commission (SEC) of the Philippines with SEC Registration No. CS201840930 and Certificate of Authority No. 1187 to operate as a financing company.

FINANCIAL PRODUCTS

etomo Revo
Revo is shorthand term for “etomo Revolving Loan”. It grants the borrowers flexibility in their finances!

• Re-loan at any time as long as there is available credit!
• Monthly minimum payment amount is only 8% of the outstanding balance.
• Flexible payment period - Paying more than the minimum can shorten the loan period.
• Flexible due date - Choose between the 2nd or 17th day of the month as your due date.
• Rewards program - 10% discount on the interest amount if you pay on time!
• No service fee or hidden charges!

Daily Interest Rate: 0.177%
Effective Monthly Rate: 5.4%
Effective Monthly Rate with On-Time Reward: 4.86%

Revo Loan sample computation

Credit Limit: 20,000
Loan Amount: 8,000
Credit available for additional loan: 12,000
Minimum monthly payment: 8000 x 8% = 640
Round up minimum to the nearest multiples of 50: 650
Daily interest after 30 days: 0.177% x 30 days x 8,000 = 424.8
Principal payment: 650 - 424.8 = 225.2
Remaining balance: 8,000 - 225.2 = 7,774.8

If payment is made on-time
Minimum monthly payment: 8000 x 8% = 640
Round up minimum to the nearest multiples of 50: 650
Daily interest after 30 days: 0.177% x 30 days x 8,000 = 424.8
10% reward on the interest: 424.8 x 10% = 42.48
Interest due after reward = 424.8 - 42.48 = 382.32
Principal payment: 650 - 382.32 = 267.68
Remaining balance: 8,000 - 267.68 = 7,732.32

etomo Term
Term is a loan product with fixed monthly payment and amortization plan of 6- or 9-months. 12-months becomes available on the second and succeeding loans.

• Re-loan available after full payment of the current loan.
• Fixed monthly payment.
• Choose between a 6- or 9-month payment period for first-time borrowers. A 12-month payment period is available for re-loans.
• The first payment is due 30 days after disbursement, with subsequent payments every 30 days thereafter.
• No service fee or hidden charges!

Term Loan sample computation

Loan amount: 6,000
Term: 6 months
Monthly interest rate: 6.00%
Effective monthly interest rate: 9.56%
Sample monthly repayment: (Principal + Interest)
1st month: 787 + 573 = 1,360
2nd month: 862 + 498 = 1,360
3rd month: 944 + 416 = 1,360
4th month: 1,035 + 325 = 1,360
5th month: 1,134 + 226 = 1,360
6th month: 1,238 + 122 = 1,360
Total principal payment PHP 6,000 and total interest cost PHP 2,160

How to Repay Your Loan
Our official payment channel are GCash, Maya, or CliQQ by 7-Eleven

• Go to the Bills or Bills Payment
• Search for “Etomo” as the biller
• For any questions or assistance, please contact etomo Customer Service

Privacy & Consent
The protection of your personal information is our utmost