15 Best Online Loan Apps In Philippines 2023 [Legit Apps with Low Interest Rate]

When it comes to accessing fast loans in Philippines, loan apps have emerged as a popular and convenient option for Filipinos. With just a smartphone and an internet connection, borrowers can apply for loans through legitimate lending platforms that have served the people of Philippines with reliability and credibility during times of financial exigency.

In this article, CashLoanPH will discuss the top 15 best loan apps in the Philippines that are reputable, reliable, and licensed for secured and ethical lending.

15 Legit online loan apps with low interest in Philippines

1. Juanhand App

Juanhand is one of the best loan apps in the Philippines that offers customers access to a large sum of money as quick loans. Developed by Wefund Lending Corp, the app allows customers with urgent financial needs to borrow money ranging from PHP 2,000 to PHP 10,000 without the need to prove a source of income or collateral. With a 100% online application process, the loan is disbursed through the borrower’s bank account in as little as 15 minutes.

2. GCash App

GCash loan app is considered one of the best loan apps in the Philippines that provides loans in a matter of minutes. With this app, users can turn their mobile phones into a virtual wallet where they can save money and withdraw the same into their bank account or move money within wallets including PayPal. The user can pay for purchases and transfer money at the speed of a text message, without using cash. Using this app, users can pay for purchases in online stores without using a physical card. Another feature of GCash is the free withdrawal of funds from the electronic payment system PayPal.

3. Tala App

Tala is a legitimate loan app in the Philippines that allows customers to get a quick online loan in just 5 minutes. Loan funds are credited to the client’s bank account or Coins.ph electronic wallet. With Tala app, users can enjoy fast, flexible, and secure loans up to PHP 15,000 with rates as low as PHP 5 per day. The app is easy to download and use.


4. MoneyCat App

MoneyCat is a financial and technical platform designed to provide financial mobility to Filipinos and the possibility of instant borrowing at any time of the day. The app allows customers to receive credit for a term of 90 to 180 days. The annual loan rate through this app is 16.6% per month. Borrowers are not charged for the transaction, and this service is available only to Philippine citizens over the age of 20. The main advantage of MoneyCat is the ability to obtain the necessary borrowed funds from home or the office, as the whole process of drawing up a loan agreement is carried out online.


5. PeraAsia App

PeraAsia is a mobile application that allows residents of the Philippines to get a quick online loan without any collateral. With a simple application process, more than 95% of PeraAsia users receive a positive response from loan officers. The app is available exclusively to individuals aged 20+, and potential borrowers can draw up loans ranging from PHP 1,000 to PHP 30,000 with interest rates that increase as the loan term increases.

6. UnaCash App

UnaCash is a simplified line of credit that helps Filipinos bridge financial gaps. With flexible loan terms and low interest rates, the app is especially helpful to people who are using credit for the first time. Everything is digital with UnaCash, and there are no bank visits, hidden charges, or hassle with the application. Interest rates range from 3% to 16% monthly.


7. Cashalo App

Cashalo is a lending platform that allows its customers to pay for shopping purchases by installments. With over a thousand partner locations throughout the country, Cashalo is an excellent option for those who don’t have a bank account or credit card. The online app allows customers to register and receive disbursement on all days of the week, at any time of the day. Customers can also get cash loans for any purpose other than shopping, with interest rates ranging from 0% to 5.99% per month. The loan amount ranges from Php 1,000 to Php 12,000, and the monthly repayment term is between 3 to 8 months. The loan can be approved in less than 24 hours, and the processing fee ranges from 0% to 10%.


8. BDO Digital Banking

Banco de Oro (BDO) is one of the largest banks in the Philippines and offers a personal loan option through its digital banking app. Even if you’re not a Filipino citizen, you can still apply for a loan if you have a resident status. BDO offers a low-interest rate of 0.59% and allows you to pay your loan between 3 to 36 months. Whether you’re planning to renovate your home, go on a vacation, or need extra cash for other personal needs, BDO’s personal loan has got you covered.

9. LANDBANK Mobile Banking

LANDBANK is primarily known for facilitating pensions for the government. However, it also has commercial offerings, including three types of loans that customers can apply for: a loan for farmers and fishers, a housing loan, and a business loan. While LANDBANK doesn’t offer personal loans, the bank seeks to help small businesses and those in the agricultural industry. The interest rates are low, and the bank may ask you to provide collateral.

10. Online Loans Pilipinas (OLP)

Online Loans Pilipinas (OLP) is a fintech platform that provides digital financial solutions to Filipinos’ needs. OLP offers fast and easy financial solutions for every Filipino’s financial needs without office visits, collateral, or complex approval processes. For new clients, OLP offers a special offer of as low as 0% interest and without other fees credit. The minimum interest rate is 0%, and the maximum APR is 200%. In case of delinquency of each monthly payment, there’s a one-time late payment fee of Php 500.


11. UnionBank Online

UnionBank offers a variety of loans, including car loans, personal loans, housing and business loans, and quick loans. The bank’s quick loans are available to people who are earning a salary or payroll through UnionBank. You need to fill out an application form and provide scanned copies or pictures of your documents. If you don’t qualify for quick loans, you can still apply for a personal loan, which is available to anybody who is employed in the Philippines.

12. My Home Credit App

My Home Credit App is a mobile app that provides cash loans at a minimum interest rate. The installment of credit payments is only 28 Philippine pesos per day. Users can get credit funds for any purpose, including business development, purchasing a new smartphone, paying for training, repairing a home or car, and meeting any other daily needs. The app’s functionality is available to potential borrowers with just two documents confirming their identity and age. If users have a full package of documents, the application will be considered within 1-2 minutes.

13. BPI Mobile

BPI Mobile is the best loan app from the Bank of the Philippine Islands. With this highly legit loan app, users can check their balance, transfer funds within their different accounts, pay bills, and even transfer money to other people. The app offers personal loans up to 3x the user’s gross monthly income, and they can choose to pay back the loan over a period of 12 to 36 months. To qualify, users must be Filipino citizens, have proof of income, and present a valid government ID.

14. Cashwagon Philippines

Cashwagon is one of the ultimate best loan apps in the Philippines for urgent online credit processing. The app gives fast cash loans up to PHP 40,000, with express cash disbursement on the same day. Users can take their first loan of PHP 6,000 absolutely free, with 0% interest and 0% service fee. The loan term ranges from a minimum of 91 days to a maximum of 180 days, and the interest rate is 12% per month (maximum APR 144%).

15. PesoCash

PesoCash is a loan app that allows users to access quick and easy loans in the Philippines. The app offers loans of up to PHP 10,000 with no collateral and no hidden fees. The loan amount ranges between ₱4,000 to ₱10,000, with interest rates in the region of 0.05% per day, and loan terms ranging between 3 months to 12 months.

How do loan apps work in the Philippines?

Essentially, they allow you to apply for a loan online, without the need to visit a lender’s physical office. The entire loan application process, including communication and exchange of information, is done online.

The first step in using a loan app is to download it from the app store and create an account. You will need to provide some personal information, such as your name, contact details, and employment status. You will also be asked to upload some documents, such as a government-issued ID and proof of income.

Once you have created your account and provided the necessary information, you can apply for a loan. The app will usually ask you how much you want to borrow and for how long. It will then provide you with a list of loan options from different lenders. You can compare the interest rates and other terms and choose the one that best suits your needs.

Once you have chosen a loan option, you will need to provide more detailed information about yourself and your financial situation. This might include information about your credit history, your expenses, and your assets. The lender will then use this information to assess your eligibility for the loan and to determine the interest rate and other terms.

If you are approved for the loan, the funds will be transferred to your bank account. You will usually need to set up a repayment schedule, which will involve making regular payments over a set period of time. Some loan apps also offer the option to make early repayments or to extend the loan term if needed.


These best loan apps in Philippines provide a fast and convenient option for Filipinos looking to access emergency loans and cash advances. With low-interest rates and simplified application processes, these apps offer reliable platforms for secured and ethical lending. By using these legitimate loan apps, borrowers can access instant loans with guaranteed approval and quick disbursement into their accounts.

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