It is not an easy task to create a profound financial fund for living in these times, when it is increasingly difficult to be competitive. Most people find themselves at some point in their lives in a situation where they are unable to cover their expenses from their earnings. The situation becomes even more difficult if one is suddenly unemployed.
In this case, the person simply cannot have to rely on the banks, because even the application for a loan must always be accompanied by a document confirming the presence of sustainable income and permanent work. Such financial institutions need to make sure that the borrower has a job because otherwise the risk of default is very high.
Fortunately, however, there are many microfinance organizations in the Philippines that are ready to provide immediate Loans for Unemployed People. The options for getting financial support in case of unemployment are actually many: you can contact microlenders, go to pawnshops or visit online websites. All these options have at least one undeniable advantage - they do not require a document confirming that a potential borrower has employment.
Since each resource was designed specifically to help Filipinos take out loans quickly, the terms on which it is issued are flexible. For an application for a lender, regardless of whether you submit it online or offline, only an identity document and the proof of the address of the borrower (this can be any utility bill, bank statement, etc.) is required. It should be taken into consideration that the lender, in his turn, needs to have some guarantees that monthly payments will be made within the prescribed time. In order to increase the chances of approval of an application, a potential borrower should attach documents confirming the presence of another source of profit, replacing the income of an official job. It could be business permits, bank statements or something of that kind.
Another obvious advantage of Loans for Unemployed in the Philippines is that this service is easily available. Almost all companies issue loans online. Even in such a form of applying, the borrower does not need to specify the purpose for which he takes money and fills in many papers. Thus, regardless of whether a person needs money for medical services or school fees, he can get the necessary amount. It takes several hours to two working days to process the application and transfer the money.
Remarkably, for getting a quick loan, it is not required to have a bank account. Of course, if you have such, it would be convenient to make the transition of money straight to the account. Still, for those who do not possess any, microfinance companies suggest two options: money will be transferred via e-wallet or remittance center.
As for the payment of the loan itself, it is worth mentioning two aspects: how to repay the debt and the possibility of restructuring it if payment becomes difficult. Monthly payments can be made in several ways. You can transfer money in the app with the help of which you made a quick loan, or deposit it in one of the offices of a microfinance company. If you find yourself being unable to pay the upcoming installment, you can contact the representative of the organization and negotiate to extend the debt repayment on individual terms within the loyalty program. In such a case, the corresponding service will be provided: the balance of the loan, taking into account interest, will be reconsidered automatically. The lender will provide an opportunity of restructuring to the client who previously did not allow delays and always made payments properly, but such loyalty shall not be taken for granted and overused. In order to avoid problems with the repayment of the loan, it is always necessary to read the terms of the loan, take into account the interest rate and the period for which you borrow money.
Interest |
Loan amount |
Term |
Borrower age |
SEC registered |
||
|---|---|---|---|---|---|---|
|
|
APR 145%
|
₱500 — ₱20,000
|
from 3 to 6 months
|
22+ years
|
Certificate of Authority To Operate Number: 1254
|
|
|
|
from 0%
|
₱1,000 — ₱50,000
|
up to 12 months
|
20 — 70 years
|
SEC Registration No. CS201908275 SEC Certificate of Authority No. 2990
|
|
|
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
|
|
|
|
from 12% up to 36%
|
₱1,000 — ₱25,000
|
from 61 to 120 days
|
20 — 70 years
|
|
|
|
|
APR from 0% to 143%
|
₱1,000 — ₱25,000
|
from 61 to 120 days
|
18+ years
|
Estonian Commercial Register under no. 11501857
|
|
|
|
APR from 0% to 427%
|
₱500 — ₱25,000
|
from 3 to 12 months
|
18+ years
|
Latvian business number 43603085405
|
|
|
|
APR from 0% to 36%
|
₱1,000 — ₱25,000
|
from 61 to 120 days
|
18 — 70 years
|
registration number: 14523902
|
|
|
|
APR 59.9%
|
₱1,000 — ₱25,000
|
from 2 to 6 months
|
21 — 70 years
|
SEC Registration No. 202003056. Certificate of Authority No. 1272
|
|
|
|
APR 143% per year
|
₱1,000 — ₱20,000
|
from 61 to 183 days
|
22 — 70 years
|
Registration № CS201726430, CA №1181
|
|
|
|
from 0% up to 1.99% per day
|
₱1,000 — ₱20,000
|
7 or 14 days
|
21 — 70 years
|
Company Registration No. CS201951088 and Certificate of Authority No. 2918
|
|
|
|
APR from 4% to 916%
|
₱1,000 — ₱25,000
|
from 30 days
|
18+ years
|
Compani No 1092
|
|
|
|
APR from 12% to 36%
|
₱1,000 — ₱25,000
|
from 61 to 120 days
|
18+ years
|
registration number: 14523902
|
|
|
|
₱200 — ₱25,000
|
|
18+ years
|
|
|
|
|
APR from 30% to 365%
|
₱500 — ₱25,000
|
from 91 days to 2 years
|
18+ years
|
|
|
|
|
APR from 4% to 916%
|
₱1,000 — ₱25,000
|
from 3 to 12 months
|
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 0%
|
₱1,000 — ₱25,000
|
up to 30 days
|
18+ years
|
|
|
|
|
APR from 0% to 427%
|
₱500 — ₱30,000
|
from 3 to 12 months
|
21 — 64 years
|
43603085405
|
|
|
|
726.35% per annum
|
₱500 — ₱20,000
|
from 91 to 365 days
|
18 — 70 years
|
|
|
|
APR 143%
|
₱1,000 — ₱20,000
|
|
22 — 70 years
|
Registration № CS201804564
|
|
|
2% per day
|
₱1,000 — ₱30,000
|
from 30 days
|
20 — 65 years
|
CS20200000915
|
|
|
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
|
|
|
|
₱1,000 — ₱25,000
|
|
21 — 70 years
|
SEC Registration No.CS201902369
|
|
|
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
|
|
|
APR from 11.9% to 365%
|
₱100 — ₱25,000
|
from 61 days to 60 months
|
18+ years
|
08217974
|
|
|
from 0%
|
₱10,000 — ₱30,000
|
from 7 up to 180 days
|
18 — 71 years
|
Business code: 304875162
|
|
|
10.5% per annum
|
|
36 months
|
18+ years
|
|
|
|
|
₱2,000 — ₱15,000
|
up to 3 monthes
|
20+ years
|
Registration No.CS201825672 Certificate of Authority 2844
|
|
|
|
₱1,500 — ₱8,000
|
from 120 to 210 days
|
20 — 60 years
|
NO.CS201916699 CERTIFICATE OF AUTHORITY NO.3119
|
|
|
0,03% per day
|
₱2,000 — ₱20,000
|
from 180 to 360 days
|
21+ years
|
SEC registration number at 2021050012959-04
|
|
|
20% per day
|
₱8,000 — ₱100,000
|
from 91 to 120 days
|
18+ years
|
SEC Registration No. CS201824008
|
|
|
3.5% per day
|
₱300 — ₱30,000
|
6 months
|
21 — 65 years
|
Registration No.CS201617622
|
|
|
0,05% per day
|
₱2,000 — ₱12,000
|
from 91 to 120 days
|
18+ years
|
SEC company registration NO.CS201803813
|
|
|
APR from 14% to 35%
|
₱2,000 — ₱20,000
|
from 91 to 120 days
|
18+ years
|
Registration No.CS201826247
|
|
|
|
|
|
18+ years
|
|
|
