LoanLoad PH: Personal Loans Online up to PHP 50 000

LoanLoad PH is a leading lender aggregation platform in the Philippines that specializes in providing short-term online microloans to individual borrowers. With its headquarters situated in the bustling city of Makati, Metro Manila, LoanLoad has emerged as a prominent player in the online lending industry.

This review aims to delve into various aspects of LoanLoad PH, including its features, interest rates, requirements, rules of registration, loan repayment methods, and the process of applying for a microloan through their website

Loan Name LoanLoad PH
Loan Amount up to ₱ 50 000
Loan Term 61 – 365 days
Hotline (02) 876 7070


About LoanLoad PH

LoanLoad PH operates as a unique modern-aged loan aggregator platform, connecting borrowers with a wide range of lenders capable of providing financial support to individuals with a bad credit history. This includes students, people on black banking lists, and even pensioners who may face difficulties in obtaining loans through traditional channels. LoanLoad PH stands out by offering competitive interest rates that take into account the associated risk of lending to individuals with poor credit history. Additionally, the company provides a first loan of up to ₱100,000 at a 0% interest rate if the repayment is made within the designated timeframe.

To facilitate the loan application process, LoanLoad PH features a loan calculator on its website. This tool allows borrowers to enter their desired loan amount and term, and the calculator provides detailed information regarding the associated fees and total repayment amount. This feature empowers applicants to evaluate the cost of the loan and make an informed decision based on their repayment capacity.

Furthermore, LoanLoad PH offers the convenience of direct loan disbursement to the borrower’s linked card. The company eliminates the need for guarantors or references, making the loan application process more accessible for individuals. Moreover, all loans are granted without any additional commission charged to the borrowers.

Information on The Full Cost of Borrowed Funds And The Sample

LoanLoad PH provides borrowers with transparent information regarding the cost of their loans. For instance, let’s consider a loan amount of 10,000 pesos with a 61-day term and a contract extension. Under the contract, the annual interest rate is 1% per day, resulting in an annual rate of 365%.

The total interest for a year would amount to 36,500 pesos (10,000 * 365% = 36,500), with a daily interest of 100 pesos (36,500 / 365 = 100). Over the course of 61 consecutive days, the interest accumulates to 6,100 pesos (100 * 61 = 6,100). Consequently, the total repayment amount would be 16,100 pesos (the principal debt of 10,000 pesos + 6,100 pesos of interest).

Pros and Cons

Before borrowing money from any lender, it is crucial to thoroughly consider the advantages and disadvantages. Here are some pros and cons related to LoanLoad PH and its lending services:


  • Loans are granted without requiring references or guarantors, simplifying the loan application process.
  • The loan amount is directly credited to the borrower’s card, ensuring swift access to funds.
  • LoanLoad PH offers first loans up to ₱100,000 at a 0% interest rate, subject to timely repayment.


  • The actual interest rates offered by LoanLoad PH may be higher compared to its competitors.
  • The loan processing time can be longer than 1-2 days, which may not be ideal for borrowers in urgent need of funds.

Loan Conditions

To qualify for a loan from LoanLoad PH, applicants must be Filipino citizens with a valid government-issued ID to verify their nationality. The minimum age requirement to apply for a loan is 18 years, while the maximum age limit is 65 years.

LoanLoad PH strives to assist borrowers with bad credit history by connecting them with suitable lenders. Therefore, having a credit history, even if it is poor, is not a disqualifying factor. Applicants are also required to submit a duly signed copy of their valid government-issued ID.

Funding a Loan

LoanLoad PH specializes in microloans, providing short-term financial assistance to individuals. The minimum loanable amount is ₱5,000, while borrowers can apply for a maximum loan of up to ₱50,000. The loan term ranges from 61 days to 365 days, offering flexibility to borrowers. For timely repayment, LoanLoad PH grants an initial loan of up to ₱100,000 at a 0% interest rate. The interest rates on loans vary from 30% to 360% annually, depending on the loan amount and repayment tenure.

Borrowers are expected to adhere to the specified payment schedule. Failure to meet the deadline results in a penalty of 0.10% of the delay amount, calculated on a daily basis. However, the penalty cannot exceed 10% of the loan amount. Loan extensions are available, subject to timely notification to the lender and payment of interest for the initial loan period. There are no additional fees associated with extending the loan.

To apply for a loan on LoanLoad PH’s website, borrowers need to fill out a form providing their personal information, such as name, phone number, and email address. Once the application is processed, loans are disbursed, with the time required for payment completion ranging from 15 minutes to a few hours.


FAQ LoanLoad PH

Here are answers to some frequently asked questions about LoanLoad PH:

What is LoanLoad?

LoanLoad is an online lender aggregation platform that connects borrowers with suitable lenders based on their entered details.

Who owns LoanLoad?

LoanLoad is owned by Hovono Inc., operating under the formal name H Lending.

How do you qualify for LoanLoad?

To be eligible for a loan, applicants must be Filipino citizens aged between 18 and 65, possess a credit history, and have a valid government-issued ID.

Is LoanLoad a legitimate company?

Yes, LoanLoad is a legitimate company with a Certificate of Authority granted by the Securities and Exchange Commission, ensuring its registration and compliance.

What is the maximum microloan amount?

According to LoanLoad’s website calculator, the maximum loan amount is ₱50,000. For higher loan amounts, borrowers can contact customer support for further assistance.

What is the loan duration for microloans?

LoanLoad offers microloans with a maximum term of 365 days.

What are the requirements for microloans?

Applicants must have a credit history and provide a valid government-issued ID. LoanLoad accepts passports and other government-issued identification documents.

What is the longest microloan term?

LoanLoad offers microloans with a maximum term of 365 days.

How long does microloan processing take?

The approval process for microloans typically takes 1-7 banking days, while payments are processed within 15 minutes to a few hours after approval.


LoanLoad PH stands as a reputable online lender aggregation platform in the Philippines, providing short-term microloans to individuals, including those with a bad credit history. While the interest rates may be higher compared to competitors, LoanLoad PH offers convenient loan disbursement, transparent loan cost information, and the opportunity for first-time borrowers to benefit from 0% interest rates. With its user-friendly website and customer support, LoanLoad PH serves as a viable option for those seeking online loans in the Philippines.

5/5 - (14 votes)

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