If you’re considering applying for a quick cash loan in the Philippines, it’s essential to be aware of the typical documents and qualifications needed to facilitate the process. Whether you’re facing an unexpected expense or need extra funds for a planned investment, understanding these requirements can streamline your application and ensure a smoother lending experience.
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
PHP 25,000Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
PHP 20,000Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
728 daysRate ()
365.00% / yearLoan amount
PHP 25,000Approval in
5 minutesFirst loan free
no
Loan type
Long termFor a period of
4 monthsRate (PSK)
0.00% / monthLoan amount
PHP 25,000Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
PHP 20,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
90 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
61 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
PHP 50,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
90 daysRate ()
0.00% / dayLoan amount
PHP 20,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
30 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
30 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
30 daysRate ()
0.00% / dayLoan amount
PHP 20,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
730 daysRate ()
0.00% / dayLoan amount
PHP 50,000Approval in
15 minutesService Fee
₱500
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
₱ 25,000Approval in
15 minutesFirst loan free
yesFilipino Citizenship: First and foremost, applicants for fast cash loans must be Filipino citizens. This requirement is fundamental and serves as a basis for eligibility.
Age Criteria: Lenders typically require borrowers to be at least 21 years old at the time of application. Additionally, the maximum age at the maturity of the loan is often set at 60 years old. These age restrictions help ensure that borrowers are financially responsible and capable of fulfilling their repayment obligations.
Stable Source of Income: Having a stable and verifiable source of income is crucial when applying for a fast cash loan. This requirement demonstrates your ability to repay the borrowed amount within the agreed-upon terms. Whether you’re employed or own a business, providing evidence of consistent income is necessary.
Documentation: To support your loan application, you’ll need to present various documents. These may include valid government-issued, photo-bearing IDs to establish your identity. Additionally, proof of income such as payslips or income tax returns (ITR) is typically required to verify your financial capacity.
For employed individuals, a Certificate of Employment is often necessary to confirm your current job status and income level. Meanwhile, business owners are usually asked to provide Business Registration Documents, including DTI (Department of Trade and Industry) and SEC (Securities and Exchange Commission) Certificates, to validate the legitimacy of their enterprises.
It’s important to note that the specific documents and requirements can vary depending on the lender. Therefore, it’s advisable to contact your chosen financial institution or lending company directly to inquire about their specific criteria and gather all necessary paperwork accordingly.
By understanding and preparing the required documents in advance, you can expedite the loan application process and increase your chances of approval. Additionally, being well-informed about the prerequisites ensures that you meet the lender’s criteria and proceed with confidence in securing the financial assistance you need.
