Personal loan online applications

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Finbro - Online lending platform to get a loan quickly
from 0%
₱1,000 — ₱50,000
20 — 70 years
up to 12 months
WebPeso - Fast Loan Service
from 0%
₱10,000 — ₱30,000
18 — 71 years
from 7 up to 180 days
Digido - Loans online, fast and reliable
APR 59.9%
₱1,000 — ₱25,000
21 — 70 years
from 2 to 6 months
LoanOnline - Compare loans completely free
APR from 0% to 427%
₱500 — ₱25,000
18+ years
from 3 to 12 months
FinApps - Fast personal loans
from 12% up to 36%
₱1,000 — ₱25,000
20 — 70 years
from 61 to 120 days
Crezu - Get an online loan in just 5 minutes
APR from 0% to 36%
₱1,000 — ₱25,000
18 — 70 years
from 61 to 120 days
Finami - Fast and easy online loans 24/7
APR from 4% to 916%
₱1,000 — ₱25,000
18+ years
from 30 days
Kviku - Online Bank
0.16% per day
₱500 — ₱25,000
20 — 55 years
from 2 to 6 months
Cashspace - Quick online loans in the Philippines
APR from 12% to 36%
₱1,000 — ₱25,000
18+ years
from 61 to 120 days
Creditify - Get a loan today for a better tomorrow
₱200 — ₱25,000
18+ years
Mazilla - Get money online in Philippines
APR from 30% to 365%
₱500 — ₱25,000
18+ years
from 91 days to 2 years
Binixo - Free service for loans comparison
APR from 4% to 916%
₱1,000 — ₱25,000
18+ years
from 3 to 12 months
Pero Loan - Find a loan in 5 minutes
APR from 0% to 427%
₱500 — ₱25,000
18+ years
from 3 to 12 months
Credify - Online loans with beneficial rules
APR 180%
₱1,000 — ₱25,000
20+ years
from 3 to 12 months
SosCredit - If you urgently need money
APR up to 180%
₱1,000 — ₱25,000
20+ years
from 3 to 12 months
Finloo - Best online loan in 2 minutes
from 0%
₱1,000 — ₱25,000
18+ years
up to 30 days
Finmerkado - Best Legit Fast Loans Online in the Philippines
APR from 0% to 427%
₱500 — ₱25,000
21 — 64 years
from 91 to 180 days
Credy - Personal loans online 24/7
from 0%
₱1,000 — ₱25,000
18+ years
MoneyCat - Cash loan online with fast approval in Philippines
APR 145%
₱500 — ₱20,000
22+ years
from 3 to 6 months
Cash express - Online Loans in 15 minutes with No Requirements
from 0% up to 1.99% per day
₱1,000 — ₱20,000
21 — 70 years
7 or 14 days
Online Loans Pilipinas - 0% interest, instant approval
from 0%
₱1,000 — ₱20,000
22 — 70 years
from 10 days
FinaGuru - Credit online to your card
726.35% per annum
₱500 — ₱20,000
18 — 70 years
from 91 to 365 days

Lenders for Personal Loans in the Philippines

Filipinos are known for their tenacity in chasing their aspirations, which is why a large portion of the population are entrepreneurs rather than employees. In support of their entrepreneurial endeavors, they often turn to government aid and loans.

However, personal loans in the Philippines have become a point of concern. Many entrepreneurs steer clear of these loans due to misconceptions and fears that they will negatively impact their businesses or dreams. In this article, we aim to dispel these myths and shed light on the benefits of personal loans.

What is a Personal Loan?

A personal loan, also referred to as a consumer loan, is a sum of money requested for a variety of reasons, such as business funding, paying for education, or debt consolidation. The loan amount can be used without any restrictions imposed by the lender, and with the option of low-interest personal loans in the Philippines, it becomes a sustainable solution for your financial needs.

When can a Personal Loan Help Me?

In a world filled with unpredictability, it's not uncommon to experience sudden financial struggles. You may be financially secure one moment and the next, in need of a loan. Here are a few scenarios that may lead you to seek a low-interest personal loan in the Philippines.

The Short-Term Solution: Personal Loans in the Philippines

If you're in need of quick cash, a personal loan can be your solution. No collateral is required, making it easy to apply for at any bank in the Philippines. To help you understand more about personal loans, we've compiled this FAQ.

What Exactly Is A Personal Loan?

As the name implies, personal loans online approval is a loan that can be used for any personal purpose. Unlike a housing loan or car loan, you have the freedom to use the funds for any expense, such as tuition fees or travel.

There are two types of personal loans: secured and unsecured. A secured personal loan requires collateral, such as a house or car, while an unsecured loan does not. In the Philippines, unsecured personal loans are more common, but secured loans are also available.

How Do Personal Loans in the Philippines Operate?

When you take out a personal loan in the Philippines, you enter into an agreement with the lender (usually a bank) and promise to repay the loan over a specified period of time (also known as the loan tenure or tenor). If you're taking out a secured loan, you'll need to provide collateral.

You'll make monthly payments to repay the loan, including both the principal and interest. During the early years of the loan, the majority of your payments will go towards interest, but as time goes on, a larger portion of your payments will be applied to paying off the principal.

Interest rates vary by lender. For example, a Security Bank personal loan has an effective interest rate of 29.48%, while another personal loan has a rate of 26.62%. You can use our personal loan calculator to check the latest rates.

What Are the Different Types of Personal Loans and Which One Should I Choose?

Most banks only offer one type of personal loan in the Philippines, which can be used for any purpose. However, some non-bank institutions in the Philippines offer alternative loans, such as salary loans, online loans, and payday loans. These loans are easier to apply for, but they come with high interest rates and short repayment terms. The best and safest option is a personal loan from a bank, as they have lower interest rates if you meet their eligibility criteria.

Am I Eligible to Apply?

Eligibility criteria vary by lender. Non-bank lenders tend to have a more lenient screening process, while banks have stricter requirements. However, if you have a steady source of income, one of our lenders should be able to help you.

What Documents and Requirements Do I Need to Apply?

The basic requirement for a personal loan in the Philippines is proof of income, such as a payslip or bank statement showing consistent income for at least six months. The rest of the requirements may vary by lender and may include forms, a co-borrower if you're applying with a non-bank lender, proof of address, and valid IDs for verification.

Understanding Personal Loan Interest Rates

The interest rate is a fee you pay for borrowing money. It's important to keep in mind that the interest rate is often presented to you as a monthly rate, but the total interest you pay over the life of the loan may be higher than you expect. To get a better understanding of the actual interest rate, you should multiply the monthly interest rate by the number of months in your loan term.

The Difference Between Personal Loans and Online Loans

A personal loan is a multi-purpose loan that can be obtained from banks and other lending establishments. An online loan is simply a type of personal loan that you can apply for online, making the process paperless and convenient.

Online loans are becoming increasingly popular in the Philippines and there are now several providers offering different types of financial products to cater to various needs. The right online loan for you depends on the amount you need and the time frame in which you need it.

Choosing a right option

Choosing the right personal loan can be subjective, as different loans cater to different needs, such as home loans, car loans, and salary loans. When considering a loan, think about the incentives and rates offered and whether a bank loan or non-bank loan is better for you.

Banks usually have more strict requirements, while non-bank loans have a more lenient screening process, but higher interest rates and less favorable payment terms. If you're eligible for a bank loan, start there for lower interest rates and more flexible payment terms. If not, consider non-financial institutions like Acom, RFC, and Global Dominion, and compare which one offers the most reasonable rates and payment terms that will not strain your cash flow.

In the Philippines, there is no law mandating imprisonment for failing to pay a loan. It is treated as a civil case at most, and the worst-case scenario is being blacklisted by banks for future loans.

Personal loan online applications - Pros and Cons

Positives
  • Service is free of charge
  • Easy 24/7 registration
  • Amount up to PHP 50,000
  • No payslip document required
Negatives
  • Not a fimamnial company
  • No guaranties of getting a loan
Positives
  • The service is totally free
  • Financial offers in Philippines in 1 minute
Negatives
  • No guarantee of getting a loan

Questions and answers about Personal Loans

Personal loan online applications

Interest
Loan amount
Term
Borrower age
SEC registered
from 0%
₱1,000 — ₱50,000
up to 12 months
20 — 70 years 
SEC Registration No. CS201908275 SEC Certificate of Authority No. 2990
from 0%
₱10,000 — ₱30,000
from 7 up to 180 days
18 — 71 years 
Business code: 304875162
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 from 0% to 427%
₱500 — ₱25,000
from 3 to 12 months
18+ years 
Latvian business number 43603085405
from 12% up to 36%
₱1,000 — ₱25,000
from 61 to 120 days
20 — 70 years 
APR from 0% to 36%
₱1,000 — ₱25,000
from 61 to 120 days
18 — 70 years 
registration number: 14523902
APR from 4% to 916%
₱1,000 — ₱25,000
from 30 days
18+ years 
Compani No 1092
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 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 — ₱25,000
from 91 to 180 days
21 — 64 years 
43603085405
from 0%
₱1,000 — ₱25,000
18+ years 
Estonian Commercial Register under no. 11501857
APR 145%
₱500 — ₱20,000
from 3 to 6 months
22+ years 
Certificate of Authority To Operate Number: 1254
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
from 0%
₱1,000 — ₱20,000
from 10 days
22 — 70 years 
Registration № CS201726430, CA №1181
726.35% per annum
₱500 — ₱20,000
from 91 to 365 days
18 — 70 years 
APR 39.78% – 54.756%
₱3,500 — ₱500,000
from 6 to 10 months
18+ years 
₱20,000 — ₱180,000
from 365 to 1460 days
 
CS200917691
₱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
20% per day
₱8,000 — ₱100,000
from 91 to 120 days
18+ years 
SEC Registration No. CS201824008
APR 84%
₱5,000 — ₱50,000
from 6 to 24 months
18+ years 
Interest rate 0.2% per day
₱50,000
from 30 to 120 days
21 — 60 years 
SEC Registration Number: CS201603853
APR 194%
₱1,000 — ₱50,000
from 2 to 6 months
18+ years 
SEC Registration No. CS202003056
APR: 20.8415%
₱5,000 — ₱50,000
21 — 50 years 
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
2% per day
₱1,000 — ₱30,000
from 30 days
20 — 65 years 
CS20200000915
3.5% per day
₱300 — ₱30,000
6 months
21 — 65 years 
Registration No.CS201617622
₱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
from 0% up to 2,1% per day
₱1,000 — ₱25,000
from 7 to 180 days
21 — 70 years 
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 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 145%
₱500 — ₱20,000
from 90 to 180 days
22+ years 
CS201953073
0,03% per day
₱2,000 — ₱20,000
from 180 to 360 days
21+ years 
SEC registration number at 2021050012959-04
APR from 14% to 35%
₱2,000 — ₱20,000
from 91 to 120 days
18+ years 
Registration No.CS201826247
₱2,000 — ₱15,000
up to 3 monthes
20+ years 
Registration No.CS201825672 Certificate of Authority 2844
0,05% per day
₱2,000 — ₱12,000
from 91 to 120 days
18+ years 
SEC company registration NO.CS201803813
APR 547.5%
₱1,000 — ₱10,000
unlimited
18+ years 
Registry code: 14855426
APR from 3.95 to 49.68%
₱1,000 — ₱10,000
from 15 to 45 days
21+ years 
SEC Registration No. CSC201800209
₱1,500 — ₱8,000
from 120 to 210 days
20 — 60 years 
NO.CS201916699 CERTIFICATE OF AUTHORITY NO.3119
APR from 30% to 360%
from 61 to 365 days
18+ years 
10.5% per annum
36 months
18+ years 
18+ years 
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