Online Loans in Philippines: Frequently Asked Questions


In this unpredictable world, emergencies come knocking at your doors when you least expect them. It could be medical bills, sudden car repairs, house repairs, or an unexpected travel expense. It is always a good idea to have some savings to fall back on, but not everyone has the luxury of having that cushion. Thanks to the advent of online loans, you can avail immediate cash assistance with just a few clicks on your computer or mobile phone.

In this comprehensive guide, CashLoanPH will answer the most common questions about online loans and delve deeper into their benefits and drawbacks. By the end of this guide, you will be fully equipped with the knowledge necessary to make an informed decision about online loans.

How to apply for an online loan?

Applying for an online loan is extremely simple and convenient. Make sure that you have a stable internet connection and a valid ID such as TIN, SSS, UMID, Voters ID, or a government-issued ID. At our website, we only promote tested and trusted online lending companies to ensure your safety and satisfaction. You can take a look at all available offers on our website and pick the right one for your needs.

Once you have found the lending company of your choice, you will be directed to their website where you will need to fill in some basic personal information, such as your name, contact number, email address, and employment details. Some lenders may require additional information such as your monthly income, previous loan history, and purpose of the loan. Once you have filled out the form, submit it for review, and wait for the lender’s response.

Check All Available Offers

What are the accepted valid IDs?

Different lenders have different sets of accepted ID types. Generally, a government-issued ID is recommended, such as TIN, SSS, UMID, and Voters ID. Visit our Online Utang page to know the particular online lender and their accepted ID types.

Is it a short-term or long-term loan?

The loan payable periods vary depending on the lending company you choose. Usually, online loans are short-term loans with payable periods ranging from 14, 21 to 30 days. However, for repeat borrowers, the loan payable period may extend up to six months.

What is the minimum and maximum loan amount?

The loan amount varies depending on the lending company you choose. The minimum loan amount is as low as 1,000, while the maximum loan amount can be as high as 25,000. However, for first-time applicants, the loan amount usually ranges from 1,000 to 7,000. The decision on the loan amount is based on the information you have submitted during the application.

Is it safe to apply for an online loan?

At our website, we only promote tested and trusted online lending companies, and we operate an encrypted website to ensure your safety. We never ask for personal and sensitive information, nor do we require any processing fees. However, online scamming is on the rise, and we encourage everyone to be cautious during their transactions online.

How long does it take to receive the loan?

Different lending companies have varying processing periods from application to loan disbursement. Based on our experience with Online Loans Pilipinas, the waiting time is only 4 hours. However, several factors may cause delays in loan disbursement.

Can I apply for a loan without a bank account?

Some lending companies require a personal bank account, but you can still explore other options. Digido has thousands of branches nationwide where you can visit and solicit application advice. You can also choose GCASH when you apply online via the Digido website.

Can I apply for an online loan as an OFW?

At this time, we do not promote OFW loans. However, we may cover legitimate OFW loan offers on our blog in the future. We encourage you to join our Facebook group and like our Facebook page to stay updated.

Can housewives apply for online loans?

Online loans are open to all Filipinos, 18 years old and above. Housewives can apply for an online loan by selecting โ€œself-employedโ€ as their work status. You may also choose to declare that the loan will be used as additional capital for your home-based business.

How do I pay my loan?

Once your loan is approved and disbursed, you will receive an email and a text message with your reference number. On the due date, the lending company’s collector or automated system will inform you of how to pay your loan on time. You can choose from various payment methods, such as 7-Eleven, MLhuillier, Western Union, LBC, and other Bayad centers.

Do I need to install a loan app?

No, there are a few selected lenders that offer direct website applications, which means you do not need to install an app anymore. We strongly advise against installing an app from untrusted sources as it may compromise your security and privacy.

Does PayMaya offer loans to its users?

Yes, PayMaya offers loans exclusively to its active users. The loan amount is not substantial, usually around 2,000 pesos, but is a big help when you need extra cash. Make sure to check out our website’s post about how to make extra cash while using PayMaya.


Online loans serve a vital role in providing immediate financial assistance to those in need. They offer a convenient and hassle-free way to address emergencies, but they also come with drawbacks, such as high-interest rates and short repayment periods. Before you apply for an online loan, we encourage you to consider all the factors and weigh your options. At our website, we only promote trusted and tested online lending companies to ensure your safety and satisfaction.

4.7/5 - (7 votes)
CashLoanPH Changed status to publish 10/04/2023