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The Top 3 Loan Apps with Low Interest Rates in the Philippines
The Top 3 Loan Apps with Low Interest Rates in the Philippines
If you're looking for a loan app with low interest rates in the Philippines, here are five options to consider.
OLP - Fast Approval Loan App offers a special offer for new clients, with a minimum interest rate of 0% and a maximum APR of 180%. The loan amount ranges from ₱1,000 to ₱30,000, with a credit term of 90 to 720 days. Plus, there are no other fees for first-time borrowers.
Applying for a loan is easy and fast. Simply download the app on your smartphone or laptop, select your loan amount, fill out the forms in five minutes, and wait for approval. Once approved, you can get the money deposited to your bank account or e-wallet (GCash and others) in just five minutes.
With OLP - Fast Approval Loan App, you can enjoy the following benefits:
To qualify for a loan, you must be a Filipino citizen who is at least 18 years old, has at least one valid ID and a mobile number, and has a job or is self-employed.
You can use the loan for various purposes such as paying bills, buying medicine, repairing your bike, buying gifts, dealing with calamities, or for leisure. Repayment is easy and convenient, with options such as paying via e-wallets (GCash / PayMaya / Coins.ph) or online banking using Dragonpay, going to any 7 Eleven and using the Cliqq machine via DRAGON LOANS, or visiting any Bayad Center, LBC, Cebuana, SM or Robinsons Payment center, RD Pawnshop and Palawan Express using DRAGONPAY.
Address of the Financing company: Unit 1402-06 14th Flr Tycoon Center, Pearl Drive, San Antonio, Pasig City
Online Loans Pilipinas Financing Inc. (formerly Magic World Technologies Inc.)
The company is a legit Financing company, SEC Registration No. : CS201726430
Certificate of Authority #1181
MoneyCat is a loaning app designed specifically for Filipinos, providing financial mobility and instant borrowing options at any time of the day. With this loan app, you can receive credit for 90 to 180 days at an annual rate of 16.6% per month. The application is based on mobile Internet security technology and Big Data analysis, ensuring high security for transactions and user information.
The GCash app turns your mobile phone into a virtual wallet, allowing you to pay for purchases and transfer money quickly and easily. With this loan app, you can make online purchases without using a physical card, thanks to the American Express Virtual Pay card linked to your mobile wallet. You can also withdraw funds from PayPal for free, transfer cash from bank accounts at Bank of the Philippine Islands and Rizal Commercial Banking Corporation, and receive money transfers from Western Union and MoneyGram. Plus, regular use of GCash earns you bonus points that can be used to access credit funds through the GCredit service.
Tala is a loan app that allows you to get a quick online loan in just five minutes. You can borrow funds for 21 or 30 days without worrying about collateral or surety. The application process is simple, and you only need one document to confirm your identity. You can repay your loan in full or in part at any time within the specified term, and you can use 7-Eleven, Cebuana Lhuillier, M Lhuillier, or Coins.ph to pay off your debt.
If you're trying to decide between GCash, Tala, and MoneyCat, here's a quick comparison of their key features and benefits:
Interests |
Loan amount |
Term |
Borrower age |
License |
||
|---|---|---|---|---|---|---|
|
|
APR 143%
|
₱1,000 — ₱25,000
|
from 3 to 6 months
|
21 — 70 years
|
SEC Registration No. 202003056. Certificate of Authority No. 1272
|
|
|
|
APR 145%
|
₱500 — ₱20,000
|
from 3 to 6 months
|
22+ years
|
Certificate of Authority To Operate Number: 1254
|
|
|
|
APR from 4% to 916%
|
₱1,000 — ₱25,000
|
from 30 days
|
18+ years
|
|
|
|
|
0.16% per day
|
₱500 — ₱25,000
|
from 2 to 6 months
|
20 — 55 years
|
SEC Registration No. CS201918702. Certificate of Authority No. 3169, NPC Registration No. PIC-001-791-2021
|
|
|
|
APR from 0% to 427%
|
₱500 — ₱25,000
|
from 3 to 12 months
|
18+ years
|
Latvian business number 43603085405
|
|
|
|
from 0%
|
₱1,000 — ₱25,000
|
|
18 — 70 years
|
registration number: 14523902
|
|
|
|
APR 365%
|
₱1,000 — ₱20,000
|
7 or 14 days
|
18+ years
|
Company Registration No. CS201951088 and Certificate of Authority No. 2918
|
|
|
|
from 0%
|
₱1,000 — ₱20,000
|
from 10 days
|
22 — 70 years
|
Registration № CS201726430, CA №1181
|
|
|
|
from 0%
|
₱1,000 — ₱25,000
|
|
18+ years
|
registration number: 14523902
|
|
|
|
APR from 4% to 916%
|
₱1,000 — ₱25,000
|
from 3 to 12 months
|
18+ years
|
|
|
|
|
from 0%
|
₱1,000 — ₱50,000
|
up to 12 months
|
20 — 65 years
|
SEC Registration No. CS201908275 SEC Certificate of Authority No. 2990
|
|
|
|
APR from 30% to 365%
|
₱500 — ₱25,000
|
from 91 days to 2 years
|
18+ years
|
|
|
|
|
APR from 0% to 427%
|
₱500 — ₱25,000
|
from 3 to 12 months
|
18+ years
|
43603085405
|
|
|
|
APR 180%
|
₱1,000 — ₱25,000
|
from 3 to 12 months
|
20+ years
|
|
|
|
|
APR up to 180%
|
₱1,000 — ₱25,000
|
from 3 to 12 months
|
20+ years
|
|
|
|
|
from 12% up to 36%
|
₱1,000 — ₱25,000
|
from 61 to 120 days
|
20 — 70 years
|
|
|
|
|
APR from 11.9% to 365%
|
₱100 — ₱25,000
|
from 61 days to 60 months
|
18+ years
|
08217974
|
|
|
APR 143%
|
₱1,000 — ₱20,000
|
|
22 — 70 years
|
Registration № CS201804564
|
|
|
APR 84%
|
₱5,000 — ₱50,000
|
from 6 to 24 months
|
18+ years
|
|
|
|
|
₱5,000 — ₱25,000
|
from 6 to 12 months
|
18 — 68 years
|
Reg No. CS201602333
|
|
|
Interest rate 0.2% per day
|
₱50,000
|
from 30 to 120 days
|
21 — 60 years
|
SEC Registration Number: CS201603853
|
|
|
APR 145%
|
₱500 — ₱20,000
|
from 90 to 180 days
|
22+ years
|
CS201953073
|
|
|
from 0% up to 2,1% per day
|
₱1,000 — ₱25,000
|
from 7 to 180 days
|
21 — 70 years
|
|
|
|
APR 194%
|
₱1,000 — ₱50,000
|
from 2 to 6 months
|
18+ years
|
SEC Registration No. CS202003056
|
|
|
APR from 30% to 360%
|
|
from 61 to 365 days
|
18+ years
|
|
|
|
APR 547.5%
|
₱1,000 — ₱10,000
|
unlimited
|
18+ years
|
Registry code: 14855426
|
|
|
0,5% per day
|
₱1,000 — ₱25,000
|
from 1 to 61 days
|
18+ years
|
SEC Registration No. CS201710582, Certificate of Authority No. 1132
|
|
|
APR: 20.8415%
|
₱5,000 — ₱50,000
|
|
21 — 50 years
|
|
|
|
APR 39.78% – 54.756%
|
₱3,500 — ₱500,000
|
from 6 to 10 months
|
18+ years
|
|
|
|
|
₱100,000
|
from 2 to 12 months
|
18+ years
|
SECNo. CS200813771, Certificate of Authority No. 279
|
|
|
from 12.98% to 40.50%
|
₱1,000 — ₱100,000
|
from 180 to 365 days
|
18+ years
|
CS201628816
|
|
|
APR from 3.95 to 49.68%
|
₱1,000 — ₱10,000
|
from 15 to 45 days
|
21+ years
|
SEC Registration No. CSC201800209
|
|
|
|
₱20,000 — ₱180,000
|
from 365 to 1460 days
|
|
CS200917691
|
|
|
APR 143%
|
₱10,000 — ₱50,000
|
from 180 to 720 days
|
|
CS201300789
|
|
|
3.49% monthly
|
₱2,000 — ₱40,000
|
from 1 to 12 months
|
|
CS201516347
|
|
|
1.3% per day
|
₱1,000 — ₱30,000
|
from 30 days
|
20 — 65 years
|
CS20200000915
|
|
