17+ Bad Credit Loans in the Philippines with No Credit Check? Poor Credit History?


Individuals often find themselves in need of immediate financial assistance. However, the challenge intensifies for those with a tarnished credit history. We will guide seeks to unravel the complexities of bad credit loans in the Philippines, providing a detailed exploration of their nature, associated risks, benefits, application avenues, top providers, and practical tips for a seamless borrowing experience.

What is a Bad Credit Loan?

A bad credit loan, also known as a personal or multi-purpose loan, is a financial instrument specifically designed for individuals grappling with a less-than-stellar credit history. It serves as a beacon of hope for those who, due to past financial missteps, may have faced rejection from traditional lending institutions. Importantly, bad credit loans extend their embrace not only to individuals with poor credit but also to those lacking any credit history.

Assessing the Risk: Is It Worth It?

While bad credit loans offer a lifeline, it’s crucial to weigh the associated risks. Borrowing from lenders specializing in bad credit loans often comes at a cost. These loans typically carry higher interest rates and demand faster repayment, sometimes within one to 18 months. The financial burden of repayments can significantly impact monthly budgets, potentially leading borrowers into a debt trap. Moreover, secured loans may put collateral at risk if repayments falter, perpetuating a vicious cycle of credit woes.

Before diving into the realm of bad credit loans, prospective borrowers must exercise caution. Understanding the risks and evaluating one’s financial capacity to manage such loans is paramount.

Benefits of Loans for Bad Credit in the Philippines

Despite the potential pitfalls, bad credit loans in the Philippines offer several advantages that make them a viable option for those navigating financial emergencies.

Credit History is Usually Not Required

One significant benefit of bad credit loans is that they often do not hinge on an individual’s credit history. Whether one possesses a poor credit record or none at all, these loans provide a pathway to financial assistance.

Greater Chances of Getting Approved

Unlike traditional lenders with stringent requirements, many bad credit loan providers in the Philippines adopt a more lenient approach. Basic personal information and valid identification, along with collateral if required, may suffice for approval. The specific requirements, however, depend on the lender chosen.

Quick Turnaround Time

The digital age has ushered in online accessibility for many bad credit loans. With minimal requirements and less bureaucracy, these loans often boast quick approval processes. Depending on the lender, funds can be deposited into the borrower’s bank account within 30 minutes, providing swift relief during financial crises.

Money Can be Used for Any Purpose

Bad credit loans exhibit a multi-purpose nature, allowing borrowers to allocate funds for various needs. Whether it’s unexpected medical expenses, debt consolidation, or essential purchases like gadgets, the flexibility of these loans is a noteworthy advantage. However, borrowers are urged to exercise discretion and avoid utilizing funds for activities that may exacerbate debt, such as gambling.

High Borrowing Limits

Collateral or secured loans, such as OR/CR loans, provide access to substantial borrowing limits. For instance, car owners may secure loans up to 70% of their vehicle’s value. This feature makes bad credit loans a potential source of significant financial support.

How Can I Get Personal Loans for Bad Credit in the Philippines?

Navigating the landscape of bad credit loans in the Philippines requires a strategic approach. While traditional avenues like banks and government agencies might pose challenges, various alternatives are available for those in need.

Family Members or Friends

In situations demanding immediate cash, family and friends often emerge as a reliable source. Borrowing from these close contacts is generally more straightforward, especially when they are familiar with the borrower’s financial situation. The advantage may lie in minimal or zero interest charges. However, borrowers should approach this option with caution, recognizing that personal relationships serve as collateral.

Private Lenders

Private lenders, ranging from cash loan providers to online platforms, offer a plethora of options for those seeking quick financial solutions. Bad credit loan providers typically require basic documentation, such as valid IDs and a completed application form. The online application process streamlines the borrowing experience, providing swift approvals within five to 10 minutes. However, it’s essential to be aware of higher interest rates, often ranging from 4% to 7.5% monthly.


For individuals with a poor credit history, pawnshops present an avenue to secure loans using valuable assets like jewelry or gadgets as collateral. These secured loans allow approval without a credit report, with the loan amount contingent upon the collateral’s assessed value. However, the risk lies in potential loss of the pawned item if repayments are not met.

5-6 Lenders

The 5-6 lending scheme, notorious for its high interest rates of 20%, remains deeply embedded in Filipino culture. Despite the negative reputation, micro and small business owners continue to resort to these lenders. Borrowers should be cautious, understanding the financial implications of such high-interest loans.

Online Lenders

The rise of financial technology (fintech) in the Philippines has ushered in a wave of online lenders offering quick cash solutions. The convenience of applying via smartphones or computers, coupled with direct deposits into nominated bank accounts, makes online lenders an attractive option. However, borrowers must exercise caution in selecting reputable lenders, as instances of harassment for delayed payments have been reported.

Car Collateral Loans

For individuals owning a vehicle, car collateral loans, commonly known as OR/CR loans, offer a route to secure substantial loans. Lenders typically extend credit up to 70% of the vehicle’s appraised value, with the Official Receipt (OR) and Certificate of Registration (CR) serving as collateral. This secured loan option is ideal for those in need of quick cash without relinquishing ownership of their cars.

Home Equity Loans

Homeowners may explore the option of leveraging their property’s value through home equity loans. This type of secured loan allows borrowers to access funds based on the appraised value of their homes. While home equity loans offer larger borrowing limits, the risk involves the possibility of losing the property in case of loan default.

Top 18 Bad Credit Loans in the Philippines with Guaranteed Approval

Embarking on the journey of selecting a bad credit loan provider requires careful consideration. Here, we delve into 18 reputable providers, each offering unique features and approval processes.

RFC Cash/Financing Loan

Radiowealth Finance Company (RFC) caters to diverse funding needs, offering a range of loan products.

Tala Loan

Tala Philippines stands out for its straightforward loan application process, making it an ideal choice for those in need of urgent financial assistance.

Tonik Big Loan

Tonik’s Big Loan option allows borrowers to leverage their residential property titles as collateral, offering larger loan amounts.

Security Bank Home Equity Loan

Security Bank’s Home Equity Loan provides a means for homeowners to access funds based on their property’s value.

SB Finance Car4Cash

With SB Finance’s Car4Cash, car owners can secure substantial loans without surrendering their vehicles.


Global Dominion Financing, Inc. (GDFI) offers the OR/CR Sangla option, providing high loan values with reasonable interest rates.

Asialink Collateral Loan

Asialink Finance Corporation presents the Collateral Loan, allowing borrowers to use land titles or car registration as collateral for higher loan amounts.


PawnHero stands out as an online pawnshop, offering a convenient platform for securing quick cash using various valuable items as collateral.

Blend PH Auto Sangla

Blend PH provides a quick and hassle-free Auto Sangla option, catering specifically to car owners seeking efficient loan solutions.


Digido stands as a reliable option for short-term loans, accommodating both new and regular borrowers in their financial needs.

AEON Personal Loan

AEON Credit Service offers personal loans known for their low interest rates, coupled with exclusive deals for borrowers.

Finbro Loan

Finbro positions itself as a bad credit loan provider with minimal requirements and a straightforward application process.

JuanHand Loan

JuanHand, a fintech company, extends loan offerings with the potential for repeat borrowing, ensuring continuous financial support.


ACOM Finance presents the REVOMAX Loan, providing flexibility for borrowers to access funds within an approved credit limit.

Online Loans Pilipinas

Online Loans Pilipinas Financing Inc. specializes in micro and consumer financing, offering a straightforward application process for borrowers.

ML Quick Car Loan

M Lhuillier’s Quick Car Loan allows car owners to leverage their vehicles for quick cash without surrendering ownership.

Cebuana Lhuillier

Cebuana Lhuillier, a well-known pawnshop chain, provides options for securing quick cash against valuable items.

Moneycat Loan

Moneycat Loan stands out for its hassle-free and fast application and disbursement process, catering to the urgent financial needs of borrowers.

Tips on Applying for Bad Credit Loans in the Philippines

Navigating the application process for bad credit loans requires a strategic approach to ensure a positive and seamless borrowing experience. Here are some practical tips to guide prospective borrowers:

Check and Improve Your Credit Score

While bad credit loans don’t heavily rely on credit scores, it’s beneficial to check and improve your credit score if possible. Some lenders may still consider this information during the application process.

Understand the Terms and Conditions

Thoroughly read and understand the terms and conditions of the loan. Pay attention to interest rates, repayment periods, and any hidden fees. Clear comprehension of these aspects helps avoid surprises later on.

Compare Multiple Lenders

Don’t settle for the first lender you come across. Compare the offerings of multiple lenders, considering interest rates, loan amounts, and repayment terms. This ensures you make an informed decision based on your financial needs.

Prepare Necessary Documentation

Different lenders may require various documents. Be prepared with valid identification, proof of income, and any collateral documentation needed. Having these documents readily available expedites the application process.

Negotiate Flexible Terms

If possible, negotiate with the lender for flexible terms that align with your financial capacity. This may include extended repayment periods or lower interest rates. Some lenders may be open to negotiations to ensure timely repayment.

Use Collateral Wisely

For secured loans, carefully consider the collateral you’re willing to put at risk. Be aware of the potential consequences of defaulting on payments, especially when it involves valuable assets like homes or vehicles.

Be Mindful of Online Security

When applying for loans online, prioritize the security of your personal and financial information. Choose reputable online lenders with secure websites and ensure that your data is handled with confidentiality.

Read Reviews and Testimonials

Before finalizing your choice, read reviews and testimonials from other borrowers. Insights from individuals who have experienced the lending process with a particular provider can offer valuable perspectives.


Bad credit loans in the Philippines serve as a lifeline for individuals facing credit challenges. However, the key to a positive outcome lies in careful consideration, responsible management, and strategic decision-making. Viewing these loans as opportunities for credit improvement is crucial, and borrowers must prioritize timely and responsible repayment.

By understanding the intricacies of bad credit loans, assessing their risks, exploring diverse application avenues, and considering reputable lenders, individuals can navigate the financial landscape with greater confidence. Remember, the goal is not just financial assistance in the present, but also the foundation for a more secure and stable financial future.

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CashLoanPH Changed status to publish 21/01/2024