Debt is deeply ingrained in Filipino culture, with nearly half of adult Filipinos carrying outstanding loans, according to the 2023 Bangko Sentral ng Pilipinas (BSP) Financial Inclusion Survey. The Philippine financial landscape offers various borrowing options, including emergency and personal loans. Emergency loans are particularly sought after during financial crises or natural disasters when immediate cash is crucial. It's essential to weigh the pros and cons of each loan type before making a decision. Here we explore different emergency loan avenues in the Philippines and their associated benefits and drawbacks.
Facing an unexpected financial challenge? Don't panic. Several options can provide rapid access to funds.
For substantial loan amounts, consider a personal loan from a bank. These loans often boast competitive interest rates and extended repayment periods, making them a secure and affordable borrowing choice. However, banks typically have stringent eligibility criteria and lengthy processing times.
Emergency loans provide swift financial relief for unexpected expenses. While convenient, they often come with higher interest rates and shorter repayment terms.
Salary loans offer a middle ground between personal and emergency loans. They typically require income verification but provide faster access to funds than traditional bank loans.
Pawning involves using valuables as collateral to obtain a loan. It offers quick access to cash but carries the risk of losing the pawned item if the loan is not repaid on time.
Borrowing from loved ones can be a convenient option, but it's important to maintain clear expectations and repayment plans to avoid straining relationships.
Carefully consider your financial situation and the terms of each loan option before making a decision. Responsible borrowing is crucial for long-term financial well-being.
Finbro - Online lending platform to get a loan quickly
0% interest for the first loan from PHP 10,000
| Interest Rates | from 0% |
| Maximum Loan Amount | ₱1,000 — ₱50,000 |
| Borrower Age | 20 — 70 years |
| Loan Terms | up to 12 months |
Cash express - Online Loans in 15 minutes with No Requirements
Cash-express is FAST, EASY and CONVENIENT:
| Interest Rates | from 0% up to 1.99% per day |
| Maximum Loan Amount | ₱1,000 — ₱20,000 |
| Borrower Age | 21 — 70 years |
| Loan Terms | 7 or 14 days |
Kviku - Online Bank
Up to PHP 25 000 for up to 180 days, disbursed in 5 minutes
| Interest Rates | 0.16% per day |
| Maximum Loan Amount | ₱500 — ₱25,000 |
| Borrower Age | 20 — 55 years |
| Loan Terms | from 2 to 6 months |
Binixo - Free service for loans comparison
Get a loan up to PHP 25,000 at 0.01% in 15 minutes
| Interest Rates | APR from 4% to 916% |
| Maximum Loan Amount | ₱1,000 — ₱25,000 |
| Borrower Age | 18+ years |
| Loan Terms | from 3 to 12 months |
Finami - Fast and easy online loans 24/7
0% interest if you pay back on the first payment date.
| Interest Rates | APR from 4% to 916% |
| Maximum Loan Amount | ₱1,000 — ₱25,000 |
| Borrower Age | 18+ years |
| Loan Terms | from 30 days |
Credit Nice - Money Loans. Approval Regardless of Credit
Credit online under 0%:
| Maximum Loan Amount | ₱50,000 |
| Borrower Age | 18+ years |
Interest |
Loan amount |
Term |
Borrower age |
SEC registered |
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|---|---|---|---|---|---|---|
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from 0%
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₱1,000 — ₱50,000
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up to 12 months
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20 — 70 years
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SEC Registration No. CS201908275 SEC Certificate of Authority No. 2990
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from 0% up to 1.99% per day
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₱1,000 — ₱20,000
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7 or 14 days
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21 — 70 years
|
Company Registration No. CS201951088 and Certificate of Authority No. 2918
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0.16% per day
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₱500 — ₱25,000
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from 2 to 6 months
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20 — 55 years
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SEC Registration No. CS201918702. Certificate of Authority No. 3169, NPC Registration No. PIC-001-791-2021
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APR from 4% to 916%
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₱1,000 — ₱25,000
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from 3 to 12 months
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18+ years
|
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APR from 4% to 916%
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₱1,000 — ₱25,000
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from 30 days
|
18+ years
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Company No 1092
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₱50,000
|
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18+ years
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APR from 0% to 143%
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₱1,000 — ₱25,000
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from 61 to 120 days
|
18+ years
|
No. 11501857
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from 12% up to 36%
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₱1,000 — ₱25,000
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from 61 to 120 days
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20 — 70 years
|
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APR 145%
|
₱500 — ₱20,000
|
from 3 to 6 months
|
22+ years
|
SEC Registration number: CS201953O73., Certificate of Authority №1254
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APR from 0% to 427%
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₱500 — ₱25,000
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from 3 to 12 months
|
18+ years
|
Latvian business number 43603085405
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APR from 0% to 36%
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₱1,000 — ₱25,000
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from 61 to 120 days
|
18 — 70 years
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registration number: 14523902
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APR 143%
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₱1,000 — ₱20,000
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|
22 — 70 years
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Registration № CS201804564, SEC Certificate of Authority No. 1165
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APR from 0% to 143%
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₱1,000 — ₱25,000
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from 61 to 120 days
|
18+ years
|
Estonian Commercial Register under no. 11501857
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APR 180%
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₱1,000 — ₱25,000
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from 3 to 12 months
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20+ years
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₱200 — ₱25,000
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18+ years
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registration number: HE 456177
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₱1,000 — ₱25,000
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21 — 70 years
|
SEC Registration No.CS201902369
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APR from 30% to 365%
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₱500 — ₱25,000
|
from 91 days to 2 years
|
18+ years
|
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APR from 12% to 36%
|
₱1,000 — ₱25,000
|
from 61 to 120 days
|
18+ years
|
registration number: 14523902
|
|
|
|
APR from 0% to 427%
|
₱500 — ₱25,000
|
from 3 to 12 months
|
18+ years
|
43603085405
|
|
|
|
APR from 11.9% to 365%
|
₱100 — ₱25,000
|
from 61 days to 60 months
|
18+ years
|
08217974
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from 0%
|
₱1,000 — ₱25,000
|
up to 30 days
|
18+ years
|
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|
APR from 0% to 427%
|
₱500 — ₱25,000
|
from 3 to 12 months
|
21 — 64 years
|
43603085405
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