When financial emergencies strike, and you need quick cash in the Philippines, you don’t want to spend days or even weeks waiting for approval from traditional banks. In 2024, there is a wealth of online lending options available to Filipinos that can provide you with the money you need in a matter of minutes or hours. These are quick cash loans, also known as fast cash loans, and they have become an integral part of the financial landscape in the Philippines.
Quick cash loans are a lifeline for many who face unexpected financial challenges such as medical emergencies, tuition fees, house repairs, car purchases, and more. CashLoanPH will explore the best 25+ quick cash loan options in the Philippines in 2024. We will delve into the intricacies of these loans, their application processes, requirements, and the legal aspects to help you make informed decisions.
What are Quick Cash Loans?
Quick Cash Loans, also known as Fast Cash Loans, are financial products designed to disburse loan proceeds rapidly, often in just minutes or a few days, depending on the lending company. These loans are distinguished by their speed of application, approval, and disbursement, which is significantly faster than the typical bank loan. Quick cash loans in the Philippines have gained immense popularity due to their convenience, accessibility, and minimal requirements.
The application process for the best quick cash loans is entirely online, saving borrowers the hassle of physically visiting a lending company. In many cases, you’ll only need to provide a scanned copy of one valid ID, making the application process even more straightforward. With the speed and ease of obtaining these loans, more Filipinos are turning to them to address financial emergencies and other urgent needs.
How to Apply for the Best Quick Cash Loans in the Philippines?
In the ever-evolving world of finance, obtaining the best quick cash loans in 2023 can be a lifesaver during emergencies. To apply for a quick cash loan in the Philippines, follow these steps:
- Visit the website or open the loan app of the lending company you intend to borrow from.
- On the website or app, you’ll find all the necessary information to guide you through the application process.
- Ensure you have a valid ID, an active email address, and a mobile phone number to initiate the application process seamlessly.
This straightforward process allows borrowers to access quick cash loans without the need for lengthy paperwork or in-person visits, making it an attractive option for those in need of immediate financial assistance.
What are the Requirements for Applying for a Quick Cash Loan?
Lending companies, banks, and other financial institutions that offer quick cash loans typically have minimal requirements. While the specific requirements may vary from one lender to another, here are some common prerequisites:
- One Valid ID: Most lenders will require one valid identification document.
- Meeting Minimum Age Requirement: You must be at least 18 years old to be eligible for quick cash loans.
- Proof of Income: Some lenders may request a Certificate of Employment or other forms of income verification.
These basic requirements aim to simplify the application process and make quick cash loans accessible to a broader range of borrowers.
Are Online Quick Cash Loans Legal in the Philippines?
Many people inquire whether fast cash loans are legal in the Philippines. The legality of online loans depends on the lending company you choose to transact with. However, when it comes to the best quick cash loans in the Philippines, they are 100% legal and regulated. Online loans have gained significant traction in recent years and have been supervised by the Banko Sentral ng Pilipinas with operations sanctioned by the Securities and Exchange Commission (SEC).
To ensure that you are dealing with a legitimate lending company, it is essential to conduct thorough research. This comprehensive article is a valuable resource that presents a list of legitimate quick cash loan options in the Philippines, providing borrowers with confidence in their choices.
25+ Best Quick Cash Loans in the Philippines in 2024
Now, let’s dive into the details of the 26 best quick cash loans you can consider in the Philippines in 2024. These options cover a wide range of loan amounts, interest rates, application processes, and features to cater to various financial needs and preferences.
#1. REVI Credit by CIMB Bank
In times of unexpected financial challenges, individuals often seek a lifeline. The solution? REVI Credit by CIMB Bank. If you hold an active account with CIMB Bank, you’re eligible to apply for a REVI Credit cash loan. REVI Credit offers a versatile Line of Credit, making it an excellent choice for those uncertain about their exact funding needs at the time of application. This revolving loan allows you to receive cash until you reach your agreed-upon limit. Besides its primary use, you can utilize any remaining REVI Credit balance to cover bills or facilitate cash transfers, all from the comfort of your home.
| ✅ Loanable Amount | ⭐ Up to PHP 250,000 |
| ✅ Interest Rate | ⭐ 1% per month |
| ✅ Approval Time | ⭐ Minutes |
| ✅ Loan Terms | ⭐ 6 to 36 months |
| ✅ Features | ⭐ Flexible Line of Credit, Entirely online application and disbursement, No annual fees, No collateral required, Competitive interest rate |
#2. Tonik Quick Loan
When emergencies strike, and time is of the essence, Tonik Quick Loan is your go-to solution. Tonik understands the urgency of financial crises, particularly those of life-and-death significance. That’s why it offers hassle-free online cash loans of up to PHP 50,000.
| ✅ Loanable Amount | ⭐ PHP 5,000 to PHP 50,000 |
| ✅ Interest Rate | ⭐ 1.7% (monthly add-on rate) |
| ✅ Approval Time | ⭐ Minutes |
| ✅ Loan Terms | ⭐ Maximum of 18 months |
| ✅ Features | ⭐ Swift loan approval and cash disbursement, Secure online transactions, Generous loan amounts, Transparent fee structure |
#3. GGives
GGives, provided by the prominent e-wallet platform GCash, offers a unique online loan service. If you meet the criteria for a GGives loan, GCash will pay for the products and services you wish to purchase or avail. GGives can even cover travel expenses if you buy tickets from GGives’ partner merchants, and with over 110,000 partner merchants nationwide, finding one is effortless. To apply, simply open your GCash account and navigate to Borrow > GGives, where you’ll discover your eligibility and the specific loanable amount available to you.
| ✅ Loanable Amount | ⭐ PHP 1,000 to PHP 125,000 |
| ✅ Interest Rate | ⭐ Varies based on loan amount and term |
| ✅ Approval Time | ⭐ Determined by your credit record |
| ✅ Loan Terms | ⭐ 3, 6, 9, 12, 15, 18, and 24 months |
| ✅ Features | ⭐ Streamlined application process, Automatic GCash fund disbursement, Extensive network of partner merchants |
#4. UNO Digital Bank Personal Loan
UNO Digital Bank offers a quick cash loan application process with minimal requirements. To apply, download the UNO app and submit a scanned copy of one valid ID (preferably with a photo). Yes, only one valid ID is necessary for an online loan application with UNO Digital Bank. Additionally, UNO doesn’t require collateral, making it ideal for a range of purposes, from home repairs to starting a business.
| ✅ Loanable Amount | ⭐ PHP 10,000 to PHP 200,000 |
| ✅ Interest Rate | ⭐ 1.79% per month |
| ✅ Approval Time | ⭐ Up to seven banking days |
| ✅ Loan Terms | ⭐ 6, 12, 18, 24, and 36 months |
| ✅ Features | ⭐ No collateral required, Minimal documentation, Speedy application process |
#5. Tala Cash Loan
When faced with urgent financial needs in the Philippines, many turn to the fastest cash loan providers. Tala is a reliable option for obtaining much-needed cash quickly. The entire application process is conducted online, and Tala’s commitment to speed ensures approval in minutes. Tala consistently ranks among the top choices for quick loan application and fast cash disbursement.
| ✅ Loanable Amount | ⭐ PHP 1,000 to PHP 25,000 |
| ✅ Interest Rate | ⭐ 0.5% flat daily fee |
| ✅ Approval Time | ⭐ Minutes |
| ✅ Loan Terms | ⭐ Maximum of 61 days |
| ✅ Features | ⭐ 24/7 online application, No collateral required, Rapid approval |
#6. Home Credit Cash Loan
In times of emergencies or when you need to make essential purchases, Home Credit Cash Loan comes to the rescue. Whether you’re looking to buy a new phone, home appliances, furniture, or even cover personal needs, Home Credit Cash Loan provides quick assistance. New borrowers must first avail any of Home Credit’s product loan offers, while existing customers can explore unique cash loan offers through the My Home Credit app.
| ✅ Loanable Amount | ⭐ PHP 2,500 (minimum), varies based on individual offers |
| ✅ Interest Rate | ⭐ 1.83% monthly add-on rate |
| ✅ Approval Time | ⭐ Minutes |
| ✅ Loan Terms | ⭐ 6 to 60 months |
| ✅ Features | ⭐ Speedy cash disbursement, Easy application, Minimal requirements, No collateral |
#7. RFC Cash Loan
For substantial financial needs and emergencies, RFC Cash Loan provides a solution. Borrowers can access up to 3 million pesos without extensive requirements. RFC offers a larger loanable amount and is a safer alternative to high-interest loan sharks.
| ✅ Loanable Amount | ⭐ PHP 10,000 to PHP 3 million |
| ✅ Interest Rate | ⭐ Determined by loan amount and term |
| ✅ Approval Time | ⭐ 24 hours |
| ✅ Loan Terms | ⭐ 3 to 36 months |
| ✅ Features | ⭐ High loanable amount, Swift approval, Ideal for significant emergencies |
#8. UnionBank Quick Loan
UnionBank Quick Loan is a top choice for UnionBank deposit account holders. The entire application process is online, with a unique invitation code sent via SMS and email for access to the UnionBank Quick Loan portal. Simply enter your 12-digit payroll account number (or last five digits of your ATM), along with your mobile number and email address. Alternatively, you can use the UnionBank Online app for easy access.
| ✅ Loanable Amount | ⭐ PHP 1,000 to PHP 1 million |
| ✅ Interest Rate | ⭐ PHP 1,000 to PHP 49,999 = 10% of the loan amount, PHP 50,000 and up = 10% of the loan amount, capped at PHP 10,000 |
| ✅ Approval Time | ⭐ 60 seconds |
| ✅ Loan Terms | ⭐ Up to 12 months |
| ✅ Features | ⭐ Higher loanable amount, 100% online application |
#9. Finbro Loan
For quick loan disbursements without unnecessary requirements, turn to Finbro. With just one valid ID and a selfie, you can access funds on the same day you apply. Finbro’s loan offering is perfect for emergencies and other immediate funding needs.
| ✅ Loanable Amount | ⭐ Up to PHP 50,000 |
| ✅ Interest Rate | ⭐ 3.5% per month |
| ✅ Approval Time | ⭐ 1 day |
| ✅ Loan Terms | ⭐ Maximum of 12 months |
| ✅ Features | ⭐ Swift application process, No collateral, Minimal documentation |
#10. Cashalo Cash Loan
For minor financial needs, Cashalo offers accessible loan amounts ranging from PHP 1,000 to PHP 7,000. While the loanable amount may be lower compared to other lenders, it’s advantageous for easier repayment.
| ✅ Loanable Amount | ⭐ PHP 1,000 to PHP 7,000 |
| ✅ Interest Rate | ⭐ Starts at 3% (minimum) and goes up to around 25% (maximum) |
| ✅ Approval Time | ⭐ Less than a day |
| ✅ Loan Terms | ⭐ Up to 90 days |
| ✅ Features | ⭐ Direct deposit to your bank account or preferred e-wallet, Simple application process, Fast approval and fund disbursement. |
#11. ACOM Loan
ACOM Loan stands out as one of the finest quick cash loan options in the Philippines, and it doesn’t demand a bank account. This means you can apply for a loan and choose to receive the funds in person or have them sent to your preferred payment platform. The application process with ACOM is straightforward, requiring just three essential documents: one valid ID, TIN, and proof of employment.
| ✅ Loanable Amount | ⭐ Up to PHP 500,000 |
| ✅ Interest Rate | ⭐ 4.988% (diminishing) |
| ✅ Approval Time | ⭐ Within 1 day |
| ✅ Loan Terms | ⭐ 6 to 10 months |
| ✅ Features | ⭐ Simplified application process, Rapid cash disbursement, Potential for increased loan offers based on payment history. |
#12. JuanHand Loan
In circumstances demanding immediate financial assistance, particularly for unexpected medical expenses, not all companies offer cash advance schemes. In such cases, the quickest and most reliable solution is to apply for a fast cash loan online, and JuanHand comes highly recommended. JuanHand is a leading quick cash loan provider in the Philippines, known for its streamlined application process. All it takes is one valid ID and downloading the JuanHand app. Once your loan application is approved, you can expect the funds to be in your hands within a maximum of two days. Even if your initial application is denied, JuanHand encourages reapplication as soon as a week later.
| ✅ Loanable Amount | ⭐ PHP 2,000 to PHP 15,000 |
| ✅ Interest Rate | ⭐ 9% to 12% |
| ✅ Approval Time | ⭐ Up to 2 days |
| ✅ Loan Terms | ⭐ Up to 90 days |
| ✅ Features | ⭐ No collateral required, Simple application process, Excellent customer service |
#13. Blend PH Personal Loan
For substantial financial needs, Blend PH Personal Loan offers quick cash loans designed to handle larger expenses. You can borrow up to PHP 2 million with flexible repayment terms and, notably, no requirement for collateral.
| ✅ Loanable Amount | ⭐ PHP 50,000 to PHP 2 million |
| ✅ Interest Rate | ⭐ 1.5%, 2%, or 3% (depends on specific loan terms) |
| ✅ Approval Time | ⭐ Within 2 days |
| ✅ Loan Terms | ⭐ 12, 18, 24, 36 months |
| ✅ Features | ⭐ No collateral required, High loanable amount, Swift disbursement, Flexible terms |
#14. GLoan
For those who use GCash, a popular e-wallet in the Philippines, the GCash GLoan offers one of the best quick cash loans. If you’re an active GCash user with a high GScore, you’re eligible for this loan. Check your eligibility and loan amount details in the GCash dashboard’s GScore tab. The more transactions you conduct with GCash, the faster your GScore rises. If you qualify, the loan proceeds will be deposited directly into your GCash account.
| ✅ Loanable Amount | ⭐ Up to PHP 125,000 |
| ✅ Interest Rate | ⭐ 1.59% to 6.57% |
| ✅ Approval Time | ⭐ Pre-determined through the GScore |
| ✅ Loan Terms | ⭐ 5 to 24 months |
| ✅ Features | ⭐ Quick cash disbursement to your GCash account, Minimal documentation, Easy repayment |
#15. UnaCash Loan
In times of financial urgency, Filipinos often wonder where to find fast loans in the Philippines. In such cases, UnaCash is a top recommendation. UnaCash offers some of the best quick cash loans in the country, with the entire application process conducted online. To get started, download the UnaCash app and provide your active mobile number and email address. You can expect to receive a response to your application within 24 hours. What sets UnaCash apart is its highly competitive interest rate, with some cases offering 0% interest.
| ✅ Loanable Amount | ⭐ PHP 1,000 to PHP 50,000 |
| ✅ Interest Rate | ⭐ 0% to 16%, depending on the credit score |
| ✅ Approval Time | ⭐ Within 24 hours |
| ✅ Loan Terms | ⭐ 2 to 6 months |
| ✅ Features | ⭐ Minimal requirements, Competitive interest rate, Fast loan application and approval, Good payment history leads to better reloan offers |
#16. M Lhuillier Quick Cash Loan
If you possess valuable items like diamond or gold jewelry or high-end gadgets, you can leverage them to obtain instant cash from M Lhuillier. The M Lhuillier Quick Cash Loan is straightforward: bring in a valuable item as collateral, present one valid ID, and secure the deal within minutes.
| ✅ Loanable Amount | ⭐ Based on the appraised value of the item |
| ✅ Interest Rate | ⭐ 3% |
| ✅ Approval Time | ⭐ 5 minutes or less |
| ✅ Loan Terms | ⭐ 1 to 120 days |
| ✅ Features | ⭐ Loan offer from an established company, various items accepted as collateral, uncomplicated loan application process, reliable customer service |
#17. Asteria Loan
When you find yourself in a financial pinch and need a quick loan of PHP 20,000 to cover unexpected expenses, you can rely on Asteria Loan. It’s an excellent option for minor financial emergencies, offering loans ranging from PHP 2,000 to PHP 50,000 with repayment periods of up to 120 days. To qualify, you’ll need to provide one valid ID, recent payslips for the last two consecutive months, a personal bank account, proof of billing, and a minimum monthly income of PHP 10,000.
| ✅ Loanable Amount | ⭐ Up to PHP 50,000 |
| ✅ Interest Rate | ⭐ 0.2% daily |
| ✅ Approval Time | ⭐ Within 24 hours |
| ✅ Loan Terms | ⭐ 30 to 120 days |
| ✅ Features | ⭐ 100% online application process, No collateral required, Rapid loan approval |
#18. Online Loans Pilipinas
Online Loans Pilipinas offers a top-tier quick cash loan of up to PHP 20,000 with minimal documentary requirements. The entire application process is conducted online, and you can expect approval within minutes. Importantly, this online cash loan is transparent and does not impose hidden fees.
| ✅ Loanable Amount |
|
| ✅ Interest Rate | ⭐ 0% for on-time repayments on the first payment date |
| ✅ Approval Time | ⭐ Minutes |
| ✅ Loan Terms | ⭐ Up to 30 days |
| ✅ Features | ⭐ Swift loan application and cash disbursement, Allows 30-day payment extensions for valid reasons, No collateral required |
#19. Digido Loan
Digido Loan is an advanced quick cash loan app offering loan amounts of up to PHP 25,000 with a 0% interest rate for first-time borrowers. The application process is entirely automated, and documentation requirements are minimal. The platform prioritizes the security of your personal information.
| ✅ Loanable Amount | ⭐ PHP 1,000 to PHP 25,000 |
| ✅ Interest Rate | ⭐ 0% for new customers, 1.5% daily for repeat borrowers |
| ✅ Approval Time | ⭐ Within 24 hours |
| ✅ Loan Terms | ⭐ Up to 30 days |
| ✅ Features | ⭐ No collateral required, Competitive loan interest rate, Safe and fully automated online loan platform |
#20. Cash Mart
Cash Mart, with its parent company based in Singapore, offers a high-quality online cash loan service. It provides various loan options, including salary, personal, OFW, and car loans, tailored to meet diverse financial needs. Cash Mart stands out for its flexible loan terms, allowing borrowers to choose from weekly, biweekly, and monthly repayment schedules based on their paying capacity.
| ✅ Loanable Amount | ⭐ PHP 3,000 to PHP 50,000 |
| ✅ Interest Rate | ⭐ 0.0571% to 0.8% daily or 20.8415% to 292% per annum |
| ✅ Approval Time | ⭐ Within 24 hours |
| ✅ Loan Terms | ⭐ Weekly (due every 7th day), Biweekly (due every 14th day), Monthly (due every 28th of the month) |
| ✅ Features | ⭐ Rapid loan application process, Eligible for salaried, commissioned-based employees, taxi/Grab drivers, Minimal requirements |
#21. Esquire Financing
When in urgent need of funds, it’s crucial to explore your options and discover the finest quick cash loan provider in the Philippines. If you’re planning to kickstart a small business, look no further than Esquire Financing. Esquire specializes in offering fast cash loans tailored specifically for small and medium-sized enterprises. You can secure a loan of up to 10 million pesos to support various business needs, including site construction, strategic advertising campaigns, or covering early business losses.
| ✅ Loanable Amount | ⭐ Up to PHP 10 million |
| ✅ Interest Rate | ⭐ 3.5% per month |
| ✅ Approval Time | ⭐ Within a maximum of 7 days |
| ✅ Loan Terms | ⭐ 3-6 months |
| ✅ Features | ⭐ Generous loan amounts, Swift loan disbursement (within 2 days max), Competitive interest rates |
#22. Vidalia
Vidalia has been a trusted provider of top-tier quick cash loans in the Philippines since 2008. Operating as a peer-to-peer lending platform, you deal directly with loan investors, eliminating intermediaries. The benefit? Faster loan approval and lower interest rates. Following a credit evaluation over the phone, expect to receive funds within 2-5 days. Vidalia offers a variety of quick cash loans, including Personal Loans, Salary Loans, Business Loans, Small Business Loans, and Lite Loans.
| ✅ Loanable Amount | ⭐ PHP 5,000- PHP 500,000 |
| ✅ Interest Rate | ⭐ 4%- 6% per month |
| ✅ Approval Time | ⭐ Typically within 24 hours |
| ✅ Loan Terms | ⭐ 2- 12 months |
| ✅ Features | ⭐ Extensive loan options, Substantial loan amounts, Established lending platform |
#23. SB Finance
When confronted with unforeseen financial emergencies, many people seek the fastest cash loan solutions, and SB Finance stands out as one of the top choices. In partnership with Security Bank and Krungsri, one of Thailand’s largest banks, SB Finance offers some of the finest quick cash loans in the Philippines. All you need to do is download SB Finance’s online loan app, known as Zuki, to initiate the loan application process. SB Finance provides a variety of loan options to cater to every Filipino, including personal, motorcycle, and car loans.
| ✅ Loanable Amount |
|
| ✅ Interest Rate | ⭐ 1.2%- 3.5% |
| ✅ Approval Time | ⭐ Within 5 banking days |
| ✅ Loan Terms | ⭐ 2- 48 months |
| ✅ Features | ⭐ Diverse loan options, Higher loanable amounts |
#24. Radiowealth Finance Company
Our list of the top quick cash loan providers in the Philippines would be incomplete without mentioning Radiowealth Finance Company (RFC). RFC has been serving customers since the 1990s, offering a range of cash and financing loans. Whether you need quick cash for purchasing a motorcycle, car, appliances, or more, RFC is your go-to option. As an established lending company, you can count on fair interest rates and legitimate loan services.
| ✅ Loanable Amount | ⭐ PHP 10,000- PHP 3 million |
| ✅ Interest Rate | ⭐ 4% per month |
| ✅ Approval Time | ⭐ Typically within 24 hours |
| ✅ Loan Terms | ⭐ 3- 36 months |
| ✅ Features | ⭐ Well-established company, Simplified application process, Wide variety of loan options |
#25. First Circle
When many Filipinos contemplate applying for quick cash loans in the Philippines to address their immediate financial requirements, businesspersons aren’t excluded. Luckily, First Circle is here to help. This company offers the best quick cash loans to businesspersons running B2B companies. In a B2B business model, one company supplies raw materials to another to produce the final output. How much can you borrow with First Circle’s online cash loan? A remarkable PHP 20 MILLION!
| ✅ Loanable Amount | ⭐ PHP 250,000- PHP 20 million |
| ✅ Interest Rate | ⭐ 0.99%- 2.49% |
| ✅ Approval Time | ⭐ Within a maximum of 2 business days |
| ✅ Loan Terms | ⭐ Up to 12 months |
| ✅ Features | ⭐ Secure loan portal, Online loan application, Substantial loan amounts |
#26. Cash-Express
For a fast, convenient, and completely secure online cash loan, we highly recommend Cash-Express. This trusted lending company assures loan approval in as little as 15 minutes. Additionally, their requirements are minimal, with just one document needed from borrowers. To apply, visit the Cash-Express website, create a profile, and complete the application form. Within minutes, you’ll receive a call confirming your loan application status. Once approved, the funds will be promptly deposited into your bank account.
| ✅ Loanable Amount | ⭐ Up to PHP 20,000 |
| ✅ Interest Rate | ⭐ 0% for the first 7 days |
| ✅ Approval Time | ⭐ Within 15 minutes |
| ✅ Loan Terms | ⭐ 7-14 days |
| ✅ Features | ⭐ User-friendly online application process, Utilizes advanced data security measures to protect information, Rapid cash disbursement |
Conclusion
In conclusion, quick cash loans have revolutionized the way Filipinos handle financial emergencies and urgent needs. This comprehensive guide has offered an extensive overview of what quick cash loans are, how to apply for them, the requirements, and their legal status in the Philippines.
Additionally, the list of the best 25+ fast cash loans available in the Philippines in 2024 provides borrowers with a plethora of choices to meet their unique financial needs. Whether it’s a medical emergency, tuition fees, home repairs, or other pressing financial issues, quick cash loans are readily accessible and equipped to offer the financial support Filipinos need.
When seeking quick cash loans in the Philippines, choosing the right lending company is pivotal to addressing financial emergencies effectively. With the help of this comprehensive guide, borrowers can navigate the options and confidently choose the solution that aligns with their specific requirements and preferences. Quick cash loans have redefined the lending landscape in the Philippines, offering a safety net for those in need of fast, accessible financial assistance.
