One of the most widespread services among others in the Philippines is Loan No Requirements. Having faced financial troubles or the need for unexpected payment, many question themselves about the solution and sometimes taking out a loan doesn’t seem like the right one because of the obligations imposed. However, more and more opportunities to make a loan without complex conditions and paperwork tend to appear now.
The system of quick loans in the Philippines is provided by both government support programs and private banks, each of which suggests its own terms of a loan. Citizens can consider loan no requirements or pawn loans in case they do not have a job currently or struggle financially for some other reason. In order to pick the most appropriate offer, the borrower needs to become familiar with general requirements and then take into consideration the advantages of a particular company.
To form an application, the borrower must submit documents, which would confirm that he:
These documents are sufficient to apply for a quick loan. The system is also simplified by the fact that such an application can be submitted online. In case the potential borrower meets the requirements, the necessary money will be provided within 24 hours. The borrower will hold a big advantage if he has a good credit history, but a large number of small online loan companies also provide financial support for those who have a negative credit history or none at all.
The conditions under which credit organizations make loans differ significantly. The amount of the loan and the duration for which it is issued are determined individually for each client. The minimum term for which you can take a loan according to offers on loan websites is 10 days, the maximum – 365 days. The minimum available amount of the loan is 1,000 Philippine pesos and the maximum is 50,000. Based on the amount-to-term ratio, each company forms different interest rates.
For the convenience of clients, special online loan calculators are provided, with help of which you can measure the interest and the amount of the monthly payment. All the potential borrower needs to do is to indicate the amount he is inclined to borrow and the period of time. The fee and the sum of total payment, including the interest that the borrower will pay over the life of the loan, will be calculated.
In order to avoid unforeseen situations, the borrower needs to clearly assess the ratio of his income to the monthly payment. A loan no requirements does not impose heavy obligations, but the client must make payments without delay.
After choosing the most sufficient offer the client should learn about possible ways of paying the loan back that are there. Almost all of microfinancial companies in Philippines suggest three ways to repay the loan. The first one is to put money on the card on which the loan was issued. Such a transaction can be easily performed online. The second way is to put money at the cash desk of any Philippine bank. The third one is to find any terminal nearby in any public institution.
Having analyzed all aspects of the service, it is possible to conclude that quick loans provide the opportunity to promptly receive financial support for any purpose from medical operation to vacation travel. The absence of strict requirements for the borrower makes such an assistance as accessible as possible to any Philippine citizen who is facing financial difficulties.
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
|
|
