Are you in need of cash right now? Or planning to start a business venture? Several online lending companies in the Philippines are offering a loan that can be released in just a few minutes. We’ve compiled a list of thirteen online lenders that might be helpful for your financial needs.
10+ Best Online Loan Apps In The Philippines
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| No. | Lending Company | Loan Amount | Interest | Mode of Payment | Remarks |
|---|---|---|---|---|---|
| 1. | MoneyCat | Up to 10,000 | 0% | Bank transfer | Available for first-time borrowers only |
| 2. | Kviku | Up to 25,000 | Varies | Cash pick-up or bank transfer | Easy and fast application process |
| 3. | Online Loans Pilipinas | Up to 7,000 | 0% | Bank transfer | 0% interest is available for first-time borrowers |
| 4. | PeraJet | Up to 15,000 | Varies | Bank transfer or Gcash | Accepts loan applications during Enhanced Community Quarantine (ECQ) |
| 5. | LoanChamp FlexLoan | Up to 30,000 | Varies | Online payment or bank transfer | Longer payment terms are available |
| 6. | CIMB Bank | Up to 1,000,000 | Varies | Bank transfer | Available only for employed individuals |
| 7. | SeekCap | Up to 10,000,000 | Varies | Bank transfer | Available only for businesses that have been operational for at least 2 years |
| 8. | SSS Salary Loan | Up to 32,000 | Varies | Bank transfer | Available only for SSS members with 36 contributions or more |
| 9. | CashniJuan Payday Loans | Up to 10,000 | Varies | PayMaya account | Withdrawal of the money using the PayMaya Visa debit card is available |
| 10. | GoPeso | Up to 50,000 | Varies | Bank transfer | Available via a loan app |
| 11. | Atome Credit | Up to 10,000 | Varies | Bank transfer | Tutorial available for a higher chance of approval |
| 12. | TALA Philippines | Up to 15,000 | Varies | Bank transfer or Gcash | A reputable and friendly lending company |
| 13. | Upeso | Up to 10,000 | Varies | Cash pick-up, bank transfer, or Gcash | Accepts several primary IDs, including TIN and Driver’s License |
- MoneyCat – Are you a first-time borrower? Then MoneyCat is the online lender for you! With a maximum loan amount that can reach up to 10,000 PHP, you can borrow with zero percent interest. That’s right, no interest rate! You only need to process your loan within five minutes.
- Kviku – Are you looking for a reliable online lender? Then Kviku got you covered! It is offering a maximum loan amount of 25,000 PHP that can release in just five minutes. The application process is easy and fast, making it an excellent option for those in need of emergency financial assistance.
- Online Loans Pilipinas – If you’re looking for a classic online lending company, OLP is one of the pioneers in the industry. Its loans have a maximum limit of 7,000 PHP, but now they’re offering zero percent interest for first-time borrowers. No interest is waived on your first repayment, and the best part is that the loan process only takes around five minutes.
- PeraJet – Looking for an online lender that operates even during ECQ? Then PeraJet can help you. They accept loan applications through bank transfer or Gcash. The company offers up to 15,000 PHP in loans to its clients.
- LoanChamp FlexLoan – Suppose you’re looking for a more flexible payment option. In that case, LoanChamp is an excellent choice! It offers a maximum loan amount of 30,000 PHP, with longer payment terms that can range from 60 to 180 days.
- CIMB Bank – This lending company is accessible only to employed persons. If you’re one of them, all you need to apply is a valid ID and payslip. Transactions are 100% digital, meaning you don’t have to leave your house to get your loan approved.
- SeekCap – Are you an entrepreneur who needs an additional investment? SeekCap can offer loans ranging from 5,000 PHP to 10,000,000 PHP, that was payable from six months to two years. They only require you to have been operational for at least two years for you to be qualified for a loan.
- SSS Salary Loan – Are you an SSS member with more than 36 contributions? You can now apply for an SSS salary loan that you can process online without leaving your house. The loan proceeds will be deposited directly to your chosen bank account.
- CashniJuan Payday Loans – Unlike other online lending companies, CashniJuan is unique because you can apply for a loan via the PayMaya app. You can also withdraw the money you borrowed at any ATM machine using your PayMaya Visa debit card.
- GoPeso – An online loan app that has grown popular over the years. GoPeso can approve your loan application in a matter of minutes, and you can receive up to 50,000 PHP in loans. All you need is to download and install the app on your phone and fill up the form accordingly.
- Atome Credit – Are you having a hard time getting your loan application approved? Atome Credit provides a tutorial guide that can help you get a higher chance of being approved.
- TALA Philippines – Offering a maximum loan amount of 15,000 PHP, TALA Philippines provides exceptional service to its customers. TALA considers its customers a top priority, with a seven-day grace period for delayed repayments.
- Upeso – With a minimum amount of 1,000 PHP and a maximum of 10,000 PHP, Upeso can free you from financial crises in just a matter of hours. You have the option to pick up the money you borrowed, have it transferred to your bank account, or receive it through Gcash. Upeso accepts several primary IDs, including TIN and Driver’s License, for the loan application process.
Top 10+ Online Loan Apps With Fast Approval In 2023 | Legit Loan Apps In The Philippines
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
PHP 25,000Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
PHP 20,000Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
728 daysRate ()
365.00% / yearLoan amount
PHP 25,000Approval in
5 minutesFirst loan free
no
Loan type
Long termFor a period of
4 monthsRate (PSK)
0.00% / monthLoan amount
PHP 25,000Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
PHP 20,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
90 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
61 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
PHP 50,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
90 daysRate ()
0.00% / dayLoan amount
PHP 20,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
30 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
30 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
30 daysRate ()
0.00% / dayLoan amount
PHP 20,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
PHP 25,000Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
730 daysRate ()
0.00% / dayLoan amount
PHP 50,000Approval in
15 minutesService Fee
₱500
Loan type
Short termFor a period of
365 daysRate ()
0.00% / dayLoan amount
₱ 25,000Approval in
15 minutesFirst loan free
yesHow To Check if a Fast Online Loan Is Legitimate and Spot Scams
- Always do your research before applying for a loan. Check and compare the interest rates, fees, and payment terms of different online lenders.
- Check if the lender is registered with the Securities and Exchange Commission (SEC) or the Bangko Sentral ng Pilipinas (BSP). This will give you an idea of the company’s legitimacy and credibility.
- Look for online reviews from other borrowers. Check if the lender has positive reviews and feedback from their clients.
- Be wary of lenders that require an upfront payment before releasing your loan. This is a red flag and could be a sign of a scam. Legitimate lenders will not ask for any payment before approving your loan.
- Read and understand the loan agreement before signing it. Make sure you are aware of the interest rate, payment terms, and other fees that may apply.
- Keep your personal information safe and secure. Make sure that the online lender’s website is secure by checking if it has an SSL certificate. Do not provide any sensitive information unless you are sure that it is safe to do so.
- Always pay your loans on time. This will not only help you maintain a good credit standing but also improve your chances of being approved for future loans.
Disclaimer
CashLoanPH.com is not a direct lender. We do not operate as a lending company. Our website only provides recommendations and promotions for genuine and reliable online loan providers. While we have personally tested each of these lenders, we advise that you exercise caution and use your judgment. It is recommended that you apply for a loan only when it is absolutely necessary, and avoid applying for multiple loans simultaneously. It is important to remember that these are short-term loans, and most must be repaid within 30 days. If you have any further inquiries, please consult our Frequently Asked Questions (FAQ) page.
Conclusion
Numerous online lending companies that you can choose from offer cash loans that you can acquire in a matter of minutes. Choose the best option that fits your needs and financial capacity. Nevertheless, always remember to be a responsible borrower and repay your loan on time.
