Cash Loans Online Philippines can be a good and quick solution if you need additional funds. Compare lenders, apply for a loan and get money in your bank account!
Top 5+ Online loans Philippines with low interest and easy application
RoboCash – 0 % Interest rate For the first loan
First loan: up to 10 000 PHP. Amount: 1 000 PHP – 25 000 PHP. Age: 21 – 70. Term: 90 days – 6 months.
MoneyCat – Instant cash loans Up-to PHP 20,000
The first loan for free 0%: up to 20 000 PHP. Amount: 500 PHP – 20 000 PHP. Age: 22 – 75. Term: 90 days – 6 months.
Crezu – Fast Online Loans in Philipines: 1st Credit with 0%
First loan 0%: up to 20 000 PHP. Amount: 1 000 PHP – 20 000 PHP. Age: 18 – 70. Term: 62 days – 4 months.
Credify – Online loans Philippines with beneficial rules
First loan up to 4000 PHP with 0% in 15 minutes. Receive money in a bank account or in cash. Service charge of 0 PHP.
SosCredit – Loans Philippines to new clients up to 7000 PHP without interest
First loan 0%: up to 7000 PHP. Amount: 1 000 PHP – 20 000 PHP. Age: 20 – 70. Term: 62 days – 1 year.
Online Loans Pilipinas – Get the first loan for free!
First loan 0%: up to 7000 PHP. Amount: 1 000 PHP – 20 000 PHP. Age: 22 – 70. Term: 7 days – 30 days.
Information about lenders online in the philippines
A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid. Repayment will include the payment of any interest or fees.
Moneycat.ph – MONEYCAT FINANCING INC
Calculation example: Loan of 2400 PHP for 3 months, monthly payment 870 PHP, total amount 2610 PHP, annual percentage rate APR 145%. Learn more
Robocash.ph – ROBOCASH FINANCE CORP
Calculation example: Loan of 15000 PHP for 6 months, monthly payment 1785 PHP, total amount 20355 PHP, annual percentage rate APR 143%. Learn more
Crezu.ph – Fininity Ltd
Calculation example: Loan of 10000 PHP for 3 months, monthly payment 3000 PHP, total amount 15000 PHP, annual percentage rate APR 36%. Learn more
Credify.ph – SCHAEFER LLC
Calculation example: 5000 PHP and a loan term of 3 months, total payment within 3 months: 14810 PHP, of which interest on the loan: 9810 PHP. Learn more
FAQ About Cash Loans Online Philippines
Conditions of receiving a loan online Philippines
Each lender individually determines its own conditions. For example, there are lenders who issue loans from the age of 18, but there are those who offer loans to people who are at least 20 years old.
This is also one of the reasons why it is desirable to make a loan comparison beforehand, because only in this way it is possible to find out whether you comply with the principles set by the lender.
Online loan lenders are not as strict in eligibility compared to conventional banks. Most lenders offering cash loans on the Internet have requirements for loans:
- be a citizen or resident of Philippines;
- be between 18 and 75 years old;
- have a bank account within a Philippines bank;
- have a valid phone number;
- do not have overdue loan payments or debt.
What is a quick loan online?
Most of the quick loans are offered by non-bank lenders. You can apply for a loan using a device with an internet connection.
Quick loan is provided to deal with unforeseen and urgent situations. Loan of up to 25000 PHP is available. This amount depends on the lender’s conditions, more information on each lender’s website.
Lenders assess the solvency of each client individually, so the first loan may have a limited amount of cash.
How much Can I borrow?
You can borrow 1,000 PHP to 25,000 PHP.
Why chose online loans Philippines
Online loan means: borrowing money is easy. On average, a loan can be applied over the internet in 15 to 60 minutes.
Applying for a loan online requires an internet connection, a mobile phone and an active bank account.
Applying for a loan is possible by filling out an online application and paying the registration fee if requested by the lender.
In the event of a positive answer, the amount will be deposited in your bank account.
In which city is it possible to get a loan?
You can apply for a loan in any city in the Philippines
What is a loan with 100% discount or interest free loan
An interest free loan (free 0%) is a loan where the lender does not charge any money for the use of the loan, and the borrower repays the exact amount of money he borrowed.
Quick loans often offer the first commission free of charge, some lenders hold promotional periods when they can get unlimited interest-free loans.
For example, if you borrow 7000 PHP, you will have to return the same 7000 PHP.
Loan online Philippines without a job
Is an online loan without a job possible at all?
Yes, such a loan is possible. It is not an easy mission to get a loan if you do not have a job in the Philippines, even if you have a job with a low or irregular monthly salary, it remains difficult. But as we all know, the critical financial emergencies in life must always be expected for which you need the help of the quick loan. But how can you get the quick loan if you are unemployed?
There are a number of companies from which you can get your loan, each company has its own policies and methods of application, so it is very likely that one of the lending companies will issue you a loan.
Terms of receiving a loan
- The first loan is possible from 1000 PHP to 25000 PHP with a 0% commission if the loan is repaid on time. Lenders offer different repayment periods at a discount of -100% on commission fee, more information on each lender’s website.
- The first time you apply for a loan online, you must register and agree to the terms of the loan.
- Upon receiving the receipt of a loan application, the lender reviews the application and, in the event of a positive response, transfers the money to the bank account from which the registration payment was made. It can take up to 15 to 30 minutes for you to receive the money in your bank account after applying for a loan.
- When borrowing repeatedly, the borrower does not have to pay the registration fee, just choose the amount of money and the repayment term.
What is worth remembering about online loans Philippines?
- The amounts of online loans are small, the repayment term is short, but the interest rates are much higher than other types of loans, so it is important to repay the loan on time.
- Use an online loan for unplanned expenses: to pay bills, to repair a car, etc. Never borrow an online loan to fulfill your dreams or desires. You can do this from your savings. If you do not have savings yet, then it is time to create them.
- You can get a loan very quickly – in an average of 15 minutes, without leaving home, which significantly facilitates the process of receiving money.
- The loan can be obtained without interest, without overpaying.
How will I know if I am approved?
Our system will notify you through SMS once your application was approved and another one once loan was successfully disbursed into your account.
What if my loan declined?
We are sorry that your application was declined. We do not disclosed the reason for approving and disapproving loan application. You can still try to re-apply with another loan online.
Why did the lender reject the loan?
- You provided incorrect data during the registration;
- You have not repaid your loan by the same lender;
- You are in the debtors’ list.
Is it possible to repay early
It is possible to repay the loan faster than indicated in the payment schedule. Please contact customer service for the exact amount of money remaining.
What if I can’t repay my debt within the time limit
Repayment of the online loan shall be made according to the agreed schedule, in case of failure to pay the due dates, penalty interest will be applied. Please contact our Customer Care Center to find a solution to your credit delay.
What happens if a payment or invoice is delayed?
Failure to pay the invoice is in violation of the online loan terms and conditions. Conversely, in the event of late payment of the invoice, interest may be charged in accordance with the terms of the contract on the outstanding invoice, as well as the costs of sending reminders and recovering the debt.
Are online loans legit?
Lending companies that legally operate online and cater to Filipinos are required to be registered under DTI.
They usually have a physical office set up within the Philippines and can be easily tracked.
How long is the lender’s contract kept in the lender’s database
The concluded loan agreement is stored in the lender’s database for an unlimited period. Upon receipt of a written request from the client, the contract may be sent to the address specified by the client.
The website CashLoanPH is an independent broker that provides consumers with free information on the special terms of a lender’s loan agreement and other relevant information. CashLoanPH does not issue loans and is not a lender. On the website, the peer-to-peer lenders have a special license to provide the consumer credit service.
Maximum percentage interest rate (APR): 145%. Loan term: from 62 days to 6 months. Cost example: Loan of 2400 PHP for 3 months, monthly payment 870 PHP, total amount 2610 PHP, annual percentage rate APR 145%.