Fast Cash Loan Requirements in the Philippines

36 views
0
0 Comments

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.

Digido PH

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

PHP 25,000

Approval in

5 minutes

First loan free

no

MoneyCat PH

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

PHP 20,000

Approval in

5 minutes

First loan free

no

Mazilla PH

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

PHP 25,000

Approval in

5 minutes

First loan free

no

Crezu PH

Loan type

Long term

For a period of

4 months

Rate (PSK)

0.00% / month

Loan amount

PHP 25,000

Approval in

5 minutes

First loan free

no

Binixo PH

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

Credify PH

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

Soscredit PH

Loan type

Short term

For a period of

365 days

Rate ()

0.00% / day

Loan amount

PHP 20,000

Approval in

15 minutes

First loan free

no

LoanOnline PH

Loan type

Short term

For a period of

90 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

Zaimoo PH

Loan type

Short term

For a period of

61 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

Finbro PH

Loan type

Short term

For a period of

365 days

Rate ()

0.00% / day

Loan amount

PHP 50,000

Approval in

15 minutes

First loan free

no

CashXpress PH

Loan type

Short term

For a period of

90 days

Rate ()

0.00% / day

Loan amount

PHP 20,000

Approval in

15 minutes

First loan free

no

Finloo PH

Loan type

Short term

For a period of

30 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

CashSpace PH

Loan type

Short term

For a period of

30 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

PesoRedee PH

Loan type

Short term

For a period of

30 days

Rate ()

0.00% / day

Loan amount

PHP 20,000

Approval in

15 minutes

First loan free

no

Finami PH

Loan type

Short term

For a period of

365 days

Rate ()

0.00% / day

Loan amount

PHP 25,000

Approval in

15 minutes

First loan free

no

Tonik Bank Loan

Loan type

Short term

For a period of

730 days

Rate ()

0.00% / day

Loan amount

PHP 50,000

Approval in

15 minutes

Service Fee

β‚±500

PeroLoan PH

Loan type

Short term

For a period of

365 days

Rate ()

0.00% / day

Loan amount

β‚± 25,000

Approval in

15 minutes

First loan free

yes

Filipino 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.

5/5 - (3 votes)
CashLoanPH Changed status to publish 07/03/2024