Yes, you will receive the full amount requested from your designated receiving account.
The following fees may apply once your monthly payments are due:
- Interest: 0% - 6% per month (based on loan amount)
- Loan Origination Fee / Loan Facilitation Fee: A monthly fee calculated based on the principal amount of your loan.
- Late fee: 5% per month on the overdue principal amount.
Not all fees apply to every loan. Depending on your loan structure, either a Loan Facilitation Fee or a Loan Origination Fee may apply. The exact fees, disbursed amount, and repayment schedule will always be shown in the Atome app before you confirm your loan request.
For example, if you request a ₱1,000 loan over 6 months:
- Interest: 2% per month
- Loan Origination Fee: 1% per month
Your monthly repayment will include the principal plus the applicable fees, divided across your repayment period.
For example (excluding the origination fee for illustration):
Your receiving disbursement amount will be:
₱1,000
Your monthly repayment amount will be:
(₱1,000 + ₱1,000*2%*6 + ₱1,000*3%*6 + ₱1,000*1%*6)/6 = ₱226.67
Transparency matters to us. All fees will be clearly displayed in your Repayment Plan and Loan Agreement before confirmation.