Online loans have become increasingly popular among Filipinos in need of quick cash to pay for emergency expenses, finance a business or pay off debt. With many lenders in the market offering different loan products and terms, finding the right online loan provider can be challenging.
However, with the right research and due diligence, you can find an online lender that can help you meet your financial needs without causing you more harm than good.
12 online loan providers in the Philippines for 2023
Here are the top 12 online loan providers in the Philippines for 2023.
#1. Mr. Cash Loan App
Mr. Cash Loan App is a popular online lender in the Philippines that offer fast cash loans of up to PHP 23,000 with a repayment term of up to 120 days. This lender has a simple and quick online application process, which makes it an excellent option for borrowers who need immediate financial assistance.
Mr. Cash Loan App provides a loan calculator on their app that makes it easy for borrowers to check their loan repayment and interest rates. Loan approval typically takes only a few hours, and the funds are deposited directly into the borrower’s account.
#2. Tala Philippines
Tala Philippines is an online lending company that provides quick loans of up to PHP 10,000 with a repayment term of up to 21 days. This company provides loans to individuals with limited credit histories or those who lack access to traditional financing.
The application process for Tala Philippines is fast and straightforward, and borrowers can complete the application online. The company also provides financial education and resources for their borrowers to help them manage their finances better.
#3. Crezu PH
Crezu is another online lender that offers fast cash loans of up to PHP 25,000 for first-time borrowers. This lender provides flexible payment terms and the loan is settled through bank transfer or GCash. Crezu also offers competitive interest rates, and the loan can be approved within 24 hours.
Crezu’s online loan application process is fast and convenient. Borrowers can fill out their application online, and the funds are deposited into their bank account or e-wallet once the loan is approved.
#4. Digido (old Robocash)
Digido is another reputable online lender that offers instant cash loans of up to PHP 25,000 with a repayment term of up to 30 days. This lender has a fast and easy online application process that makes it convenient for borrowers to apply from the comfort of their homes.
Digido offers fast approval and disbursement times, and they pride themselves on providing borrowers with competitive interest rates. Borrowers can check their eligibility for loans and the repayment schedules on their website.
#5. Cash Mart
Cash Mart provides personal loans of up to PHP 50,000 with a repayment term of up to 12 months. This lender has a streamlined and quick online loan application process, giving borrowers a hassle-free experience.
Cash Mart provides competitive interest rates and flexible repayment terms. Borrowers who need more extended repayment terms with smaller monthly payments can also benefit from Cash Mart’s loan products.
Pera247 is an online lender that offers fast loans of up to PHP 15,000 with a repayment period of up to 90 days. This company offers borrowers an easy and quick application process and a low-interest rate of 0.8% per day.
Pera247’s online loan application is straightforward and fast, and borrowers can complete the application process online. This lender also has a user-friendly online platform that enables borrowers to apply for loans and monitor their loan status conveniently.
MoneyMatch is a trusted online lender that provides personal loans of up to PHP 2 million with a repayment term of up to 36 months. This lender is ideal for those who require a substantial amount of money to finance their needs.
MoneyMatch offers competitive interest rates and an online loan application process that is easy for borrowers to complete. With exceptional customer service, MoneyMatch sets the standard for online lenders who provide larger loan amounts.
Uploan provides salary loans of up to PHP 30,000 with a repayment period of up to 9 months and a low-interest rate of 0.8% per day. This lender is an excellent option for borrowers who need quick cash, but are still sensitive to interest rates and repayment terms.
Uploan guarantees fast loan approval and convenient loan application process. They also offer flexible repayment terms, which enables borrowers to choose a repayment period that suits their current financial situation.
#9. Loan Load
Loan Load is an online lender that offers fast loans of up to PHP 50,000 with a repayment term of up to 12 months. This lender is an excellent option for borrowers who need cash immediately.
Loan Load’s application process is simple and fast, with loan approval taking a few hours. This company provides their borrowers with competitive interest rates and flexible repayment terms.
#10. Vidalia Lending
Vidalia lending provides personal loans of up to PHP 25,000 with a repayment term of up to 6 months. With a simple and easy online application process and fast disbursement, borrowers can get their money within the same day.
Vidalia Lending’s loan products have competitive interest rates and no hidden fees. Their online loan application process is user-friendly, and borrowers can monitor their loan status conveniently.
PondoPeso offers quick loans of up to PHP 20,000 with a repayment term of up to 90 days. This lender guarantees fast loan approval and their application process is easy to complete.
PondoPeso’s low-interest rates and convenient repayment terms make them an excellent option for borrowers who need fast cash without the risk of high-interest rates.
Binixo provides easy and fast cash loans of up to PHP 20,000 with a repayment period of up to 30 days. This company offers flexible repayment terms and, in some cases, no collateral is needed for loans.
Binixo has a streamlined and quick application process that allows borrowers to apply online. They also promise fast disbursement of loan funds, making them an excellent option for those in need of quick cash.
These lenders are the top 12 online loan providers in the Philippines for 2023. Whether you need quick cash or a more extended repayment term, the choices provided above can help you meet your financial obligations while providing a convenient and hassle-free borrowing experience. However, it’s essential to review each lender’s terms and conditions carefully before applying for a loan to ensure that you fully understand your obligations as a borrower.
Additionally, before taking out any loan, ensure that you can afford the loan and that it aligns with your financial goals. Lastly, only borrow from reputable online loans providers and avoid scams by doing thorough research before applying for a loan.