When borrowing money, it’s crucial to be an informed borrower and thoroughly assess your options before selecting a lender. Given the numerous lenders in the Philippines, this task can seem overwhelming. To assist you in navigating through the many available lenders, here are some options for loans with minimal requirements and low documentation that you may want to consider.
Comparison of Interest Rates and Terms for Loans with Minimal Requirements
| Lender | Loan Amount (PHP) | Loan Term | Interest Rate | Approval Time |
|---|---|---|---|---|
| Digido | 1,000 – 25,000 | 7-180 days | 0% per day for 7 days | Within 4 minutes |
| UnaCash | 2,000 – 50,000 | Up to 6 months | 0% to 6% | Within 5 minutes |
| MoneyCat | 1,000 – 20,000 | Up to 180 days | First loan free | Within 5 minutes |
| Finbro.ph | 1,000 – 50,000 | 1 to 12 months | 1.25% – 15% per month | Up to 12 hours |
| OnlineLoans Pilipinas | 2,000 – 10,000 | 10-30 days | New clients 0% | Within minutes |
| Tala | 1,000 – 25,000 | Up to 61 days | 15% per annum (p.a.) | Within minutes |
Note: The information provided is subject to change. Borrowers are advised to contact their chosen financial institution directly for the most current information.
These lenders offer a range of loan amounts, terms, and interest rates, along with quick approval times, making them convenient options for those seeking loans with minimal requirements in the Philippines. Always ensure to verify the latest terms and conditions directly with the lender.
