Bad credit loans

Bad credit history can be an obstacle in obtaining a loan. This is one of the main stop factors, so the bank will refuse such a borrower. One of the few alternatives is a bad credit loan from financial organizations that issue money under a simplified scheme.

Features of a bad credit loan

Banks do not deal with borrowers who do not fulfill their obligations. The alternative is online credit services that are more loyal and impose less stringent requirements.

Microloans are beneficial for many reasons:

  • are drawn up quickly;
  • can be obtained on the bank card;
  • minimum percentage of refusals;
  • are drawn up remotely;
  • transparent credit conditions.

Such loans are a way out for borrowers to whom banks refused. The application can be submitted online directly at home or in the office. After its consideration, the borrower is notified of the result. If it is positive, the money can be obtained at one of the points of issue of partner banks or they will be transferred to a bank card.

Where is it better to take a bad credit loan?

Microloans are issued by specialized organizations. In each of them the terms of crediting and requirements to the borrower can differ. Among the offers on the market of microcredit in the Philippines, there are several.

BDO

Bad credit loansBDO is an assistant in the implementation of many customer plans. The loan amount may be 10 thousand pesos or more. The loan can be drawn up in US dollars or the national currency of the country. You do not need to have a bank account or provide any collateral. Unsecured loan can be obtained for 3 months on condition of making monthly payments in fixed amounts.

Pag-IBIG Fund

Bad credit loansCustomers can instantly get a loan from the Pag-IBIG Fund, where income certificates and collateral are not needed. You can contact the service if you want to save time waiting for a positive decision of the bank, since there is no need to draw up any additional documents or references. Most often people come here to get a housing loan. Money can be obtained in a convenient way. For this it is important to correctly fill in your data on the site.

BPI

Bad credit loansYou can contact the BPI company to immediately get the money at your disposal that you may need for different purposes. In certain cases, a person’s monthly income is clearly not enough to support plans, so there is a need for banking services. BPI customers can get the amount of 20-100 thousand pesos. To repay payments it is allowed to deposit funds into the account manually.

Metrobank

Bad credit loansIn Metrobank you can get a loan with a bad credit history without a bank account at the minimum interest. To make a request on the website of the company, you can use a special form so as not to visit the office. Documents are not required, as well as certificates of income. To make payments, you can use a convenient way.

 

Security Bank

Bad credit loansYou can get a loan in Security bank if necessary. A person may need to pay for his studies, rest, major purchases or something else. The loan is granted in the amount of 30 thousand pesos to 2 million. The loan duration is up to 36 months. Loan can be drawn up and received within 3-5 working days.

PSbank

Bad credit loansIn the company Psbank you can get a loan without collateral and security with a bad credit history. To become an applicant, you do not need to collect a whole package of documents, wait for a long time. Even registration is not required from the applicant. Early repayment is a guarantee of receiving bonuses, participation in the loyalty program when requesting a new loan.

 

RCBC

The company RCBC gives personal loans to everyone to meet certain needs that have arisen recently. You may need some kind of purchase or expansion of your business. The amount of loans ranges from 50 thousand pesos to 1 million for a period of 6-36 months.

SSS

The company SSS works with clients on issues of fast loan granting, in accordance with certain requirements. The client must have a permanent job within last 36 months. At the time of payments, the borrower should not retire. A one-month salary loan is allowed to repay at any convenient time.

Binixo

Bad credit loansPhilippine financial company specializes in microcrediting. It offers fast loans to meet current consumer needs. Lending is carrie

 

To get a microloan, just take a few steps. The first is to submit an online application on the Binixo website. To do this, it’s necessary to select the loan parameters and fill out a questionnaire in which information about the borrower is indicated. Proof of identity and income is carried out online without a visit to the office of a financial institution. If the application is approved, the contract is signed electronically and the money is transferred to a bank account.

Binixo offers simple and transparent credit conditions, without hidden fees or additional payments. The borrower receives full information about the conditions, format of cooperation, ways of obtaining a loan. The Binixo website contains detailed information on how to apply, get money and return a debt.

Lending terms Binixo:

  • up to 20 thousand Philippine peso;
  • for a period of up to 30 days.

On the company’s website there is a calculator that allows you to determine the feasibility of a loan processing. After the borrower selects the amount and term of crediting, the system automatically calculates the amount of interest and total overpayment.

Loan Ranger

Loan Ranger issues microloans under a simplified scheme that can be drawn up online. The procedure is carried out remotely, which allows not to waste time on visiting banks and tedious bureaucratic procedures.

Loan Ranger offers consumer short-term loans. When making a decision, it is guided by various factors, but the reputation of the borrower is not the main one. Therefore, here everyone can be approved a loan with a high probability.

The company solves the problems of clients who have got into a difficult situation, therefore it focuses on urgency. Unlike other financial organizations, the decision is made fairly quickly – within a few hours, maximum – up to 24 hours.

Loan Ranger offers:

  • up to 10 thousand Philippine peso;
  • for a period of up to 30 days.

The terms of crediting are simple and transparent. The company does not use any additional fees and hidden payments. There is a special calculator on the site, with its help it is easy to calculate the interest on the loan and the amount of overpayment.

Moola Lending

The company offers fast microloans for any purposes that borrowers with a bad credit history can receive. Loan processing is carried out online, for this purpose it is enough:

  • apply for a loan using a computer or mobile device connected to the Internet;
  • sign an online contract using an electronic digital signature;
  • get money to a bank account.

The interface of the Moola Lending site is simple and straightforward. Before applying, the borrower chooses the amount and term of the lending. The maximum available amount is 20 thousand Philippine pesos, for new customers – 10 thousand Philippine pesos. Lending period does not exceed 30 days.

The company offers a flexible repayment term. In case of unforeseen situations, the loan term may be extended, thus avoiding delays and penalties.

CashCat

The company issues loans in cash for any purpose to clients between the ages of 18 and 65. The amount ranges from 4 000 to 10 000 Philippine pesos. The loan repayment period is from thirty to sixty days. Per day of use 1.5%. You must make a mandatory payment every 7 or 14 days. In case of delay the penalty is 2% per day. The client can choose the appropriate credit conditions for him personally, no need to state the purpose of taking the loan, no need to make additional payments and prepayment.

EasyCash

A person over the age of 21 years old can receive an amount of 5 000 to 10 000 Philippine pesos for a period of thirty to sixty days. For a day of use 0.8%. The company offers to instantly draw up a loan, the requirements for the applicant are low – the availability of documents and the allowable age. The company approves 88% of applications. The provision of services is legal, backed by a license.

Monily

A client over 21 years old can immediately, within 15 minutes, receive an online loan in the amount of 2 to 20 thousand Philippine pesos for a period of 65 to 90 days. Per day of use 1%. The MFI offers several loan options. The funds are credited to the account within 24 hours. According to statistics, more than 82% of applications are approved.

Peraagad

The company provides loans to people over the age of 21 in an amount of 2 000 to 10 000 PHP for a period of 1 to 3 months. The interest rate is 0.8% per day. If the client returns the money ahead of time, he will be reimbursed 10% of the payment.  

PeraAgad has an impeccable reputation and rewards. Much attention is paid to the protection of personal data and confidentiality. Managers of the company are ready to consult by phone. With all the information, you can choose the most favorable credit conditions with low interest rates. Approved 92% of cases.

Asteria Inc

A client aged 21 or over can take a loan from 2 to 20 thousand for a period from 10 to 60 days. 0.8% is charged per day.

The procedure for obtaining a loan is simplified – you just need to register on the site, confirm your email, download the documents and fill out an application. Company managers will immediately begin consideration, and will give an approval easily. Fixed interest rate ensures stability and reliability. 85% of applications are approved.

Robocash

Only residents of the Philippines who have an ID card from 21 to 60 years of age get loans. The loan size is from 1000 to 25000 PHP, the repayment period is from 7 to 30 days. 2.13% is added per day.

All the work is automated, the decision is made without human intervention. Even with bad credit history there is a good chance to get a loan – 90% of applications are approved.

PERSONAL AND BUSINESS LOANS IN METRO MANILA
EasyCash

EasyCash

PERSONAL AND BUSINESS LOANS IN METRO MANILA

interest rate
for per day
PHP 5000 - 10000
from 30 to 60 days
(4,1/5) 181 voice
APPLY TO BORROW MONEY ONLINE IN PHILIPPINES AND GET A FAST ONLINE LOAN IN 15 MINUTES!
Monily

Monily

APPLY TO BORROW MONEY ONLINE IN PHILIPPINES AND GET A FAST ONLINE LOAN IN 15 MINUTES!

interest rate
for 1% per day
PHP 2000 - 20000
from 65 to 90 days
(5/5) 498 voice
Receiving money in any way 24/7!
Robocash

Robocash

Receiving money in any way 24/7!

interest rate
for 2,18 % per day
PHP 1000 - 25000
from 7 to 30 days
(4.98/5) 1342 voice
Guarantee of a loan on a card!
Cashwagon

Cashwagon

Guarantee of a loan on a card!

interest rate
for 2% per day
PHP 2000 - 20000
from 10 to 30 days
(4.11/5) 398 voice
The most convenient loan!
Cash Mart

Cash Mart

The most convenient loan!

interest rate
for 0,8% - 3,5% per day
PHP 5000 - 30000
from 7 to 30 days
(4.33/5) 489 voice

Requirements for a bad credit loan

If the credit history is damaged, it’s possible to get a loan. To do this, you must meet the minimum requirements:Bad credit loans

  • age from 18 to 60 years;
  • Philippine citizenship;
  • availability of permanent income.

Some companies issue loans in certain regions. For loan processing, a minimum of documents is required – a government identifier is sufficient, which will need to be scanned or photographed. You can confirm your income in any way, including using a scanned copy of an account statement or online banking screenshots.

How to make a bad credit loan to be approved?

To increase the likelihood of loan approval, it is recommended to provide as much evidence as possible of the borrower’s income. An important point – fill out the application form. It must contain relevant and reliable information. Errors, data mutilation in most cases are the cause of rejection. If you need money, it is recommended to submit several applications to different financial institutions at the same time. This will increase the chance of success.

Bad credit history is not a verdict. In the Philippine lending market, there are companies that are willing to lend to such borrowers. They provide money for any purpose. Loan processing is carried out online, without a visit to the office of the credit organization.

How to return a loan

  • through the terminal;
  • in the bank branch;
  • by transfer to current account;
  • online through payment gateway;
  • in cash at the MFI office.

Microloans are a good way out when you need money, and the bank does not approve a loan due to a bad credit history.

PERSONAL AND BUSINESS LOANS IN METRO MANILA
EasyCash

EasyCash

PERSONAL AND BUSINESS LOANS IN METRO MANILA

interest rate
for per day
PHP 5000 - 10000
from 30 to 60 days
(4,1/5) 181 voice
APPLY TO BORROW MONEY ONLINE IN PHILIPPINES AND GET A FAST ONLINE LOAN IN 15 MINUTES!
Monily

Monily

APPLY TO BORROW MONEY ONLINE IN PHILIPPINES AND GET A FAST ONLINE LOAN IN 15 MINUTES!

interest rate
for 1% per day
PHP 2000 - 20000
from 65 to 90 days
(5/5) 498 voice
Receiving money in any way 24/7!
Robocash

Robocash

Receiving money in any way 24/7!

interest rate
for 2,18 % per day
PHP 1000 - 25000
from 7 to 30 days
(4.98/5) 1342 voice
Guarantee of a loan on a card!
Cashwagon

Cashwagon

Guarantee of a loan on a card!

interest rate
for 2% per day
PHP 2000 - 20000
from 10 to 30 days
(4.11/5) 398 voice
The most convenient loan!
Cash Mart

Cash Mart

The most convenient loan!

interest rate
for 0,8% - 3,5% per day
PHP 5000 - 30000
from 7 to 30 days
(4.33/5) 489 voice


 
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