Online Loans Philippines

Benefits of online loans

⏱️

Fast Approval

It can take just a few minutes to get your loan approved

📄

Clear terms

Transparent and easy to understand loan terms

📱

Simple process

100% Online – The whole process is done online, so there is no need to go anywhere to receive the money.

🔁

Easy repayment

Repay the loan using Internet banking or through your bank branch

Requirements for borrowers

👤

From 20 – 75 years old

💵

Have Stable Income

📍

Filipino Residents

💳

You must have an active bank account

How to apply for a loan?

Compare loans

Compare the available loan offers, choose the one that suits you best and click “Receive loan”.

Apply for a loan

On the lender’s website, fill out the loan application, indicating all the necessary information. Submit an application and wait for the lender’s response!

Receive money

Once approved, the money will be transferred directly to your bank account or e-wallet.

How to repay the loan?

Internet bank

You can make a monthly payment to the lender’s bank account using Internet banking.

Client account

Bank branch

You can make the payment by visiting one of your bank branches.

Tips for Getting Your Loan in Philippines

Build a Strong Credit History

Consistently paying your bills on time and maintaining a low debt-to-income ratio can build a strong credit history, increasing your chances of loan approval.

Maintain Stable Employment

Lenders prefer borrowers with stable employment. Having a steady job for at least one year can demonstrate your ability to repay the loan.

Keep Existing Debts Low

High existing debt can negatively impact your loan application. Aim to pay off or reduce your current debts before applying for a new loan.

Consider a Co-Borrower or Guarantor

If your credit score is low or if you have a high debt-to-income ratio, consider applying with a co-borrower or guarantor. This can increase your chances of approval and may help secure better loan terms.

Important Disclosures

Annual Percentage Rate (APR)

The annual percentage rate of charge is the total cost of the credit, which usually includes the interest rate, the fee and other charges for the year, or other similar rate calculated in accordance with local law, expressed as a percentage. The annual interest rate calculation does not include the costs of defaulting on the credit agreement.

Interest rate for the first month is 0%. Depending on the service, the interest rate can be different: per day from 0.8% to 2%, APR(annual percentage rate) from 10.5% to 71%.

Period for Repayment

Loan term (minimum and maximum period for repayment) from 62 days to 1 year. The examples are for informational purposes only. The home page is not a lender and does not issue loans, and is not responsible for the terms of loan agreements. All lenders compared are licensed

Example calculating the cost of loan

Each one has different requirements for the loan amount and loan duration. Lender’s online loan calculator is an exceptional tool that shows the exact repayment amount for each combination of loan amount and loan term. Let’s look at a sample calculation. The maximum annual loan rate is 143%. Take the amount of PHP 20,000 and a period of 6 months. In this case, your monthly payment will be only PHP 5,000, and the total cost of interest will be 2,383 pesos monthly. The availability of a loan calculator in the Philippines helps the Filipino have a clear idea about the optimal loan amount, term, and repayment before subscribing to any loans.

Penalty payments or renewal policy information?

If the loan amount is not repaid within the specified period, the lender may demand a penalty payment from the total amount of the overdue payment for each day of delay. If the payment is not made for a long period, without agreement, the lender has the right to unilaterally transfer the collection of the loan to third companies.

Important! By paying the loan on time, a good story is created, which in the future increases the chances of getting a loan on favorable terms.

Online Loans in the Philippinesup to ₱10,000 with 0% Interest