Loan in the Philippines

Cash loans for a short period of time can be obtained at any time. In the Philippines, lending schemes are as developed, as in any other country. You just need to apply online.
The list of credit companies, which issue loans online, is rather big. It includes several dozen positions. Customers need to take credit conditions into account. Requirements for borrowers may differ from company to company. But for the most part they are standard.

Advantages of online loans

Formalizing of a regular loan in a bank isn’t a complicated process. But in the absence of a permanent income, and in case of problems with credit history, issues arise. That’s why it is a good variant to turn to a microfinance company. The advantages are the following:

  • minimum requirements for a borrower;
  • no guarantor and proof of income are required;
  • minimum of documents;
  • credit history isn’t checked;
  • probability of an application approval is more than 95%.

You can get money on the card almost instantly, and it is important when money is needed urgently. You don’t even have to leave the house in order to apply for a loan. All operations are performed via the Internet.

Where it is better to take a cash loan?

The list of companies offering loans to a card via the Internet is extensive. Few of them stand out among the others, offering favorable conditions. They differ from others in their attitude towards customers.

Home Credit

Home Credit is a well known credit institution. The conditions are the following: the loan amoud that the amount of overpayment and the interest rate are calculated individually. You can see the terms and conditions by clicking the following link www.homecredit.ph. Another advantage is a quick approval. Money is sent to the card within 15 minutes after a positive decision.

Cash Wagon

Cash Wagon offers amounts for its customers from 2 up to 20 000 PHP. The loan term is from 10 up to 30 days. You can repay the loan in advance. You must provide personal information, as well as a telephone number. The decision on the application will be made within a few minutes. The amount of more than 7,000 PHP is issued only upon renewed application.

Aeon Credit Service

Microcredit organization Aeon provides the probability of the application approval at the level of 99%. Processing takes only 30 seconds. The money is transferred to the specified bank account within 24 hours. You can borrow the amount from 100 up to 3000 dollars. The application is easily submitted through the official website. But you need to have a bank card.

Cash Credit

Offers loans in amount from 2 000 up to 10 000 PHP. The loan term is from 4 up to 16 weeks. Overpayment will be relatively large – the interest is 2% per day from the amount received. In order to apply, you only need to provide personal information, as well as a personal mobile phone. The process is automated. There is an application for a smartphone to control your finances.

Easy Cash

It is easy to get money in the organization with this name. The process take just a few minutes. The minimum loan amount is 1 000 PHP, the maximum loan amount is 10 000 PHP. The loan term is from 7 up to 30 days. The loan conditions are more favorable for permanent customers. Probability of approval is close to 100%.

Fast Cash

It is a real shop for loans. Customers can choose one of the following programs:

  • Salary;
  • Personal;
  • OFW.

You must specify your personal information in order to get a loan. The whole procedure includes 3 steps. The loan amount is from 5 000 up to 50 000 PHP for all three offers.

Vidalia

Loan formalization takes just a few minutes. The main feature is the ability to receive funds not only to the card, but by funds transfer as well. Information about the systems, with which work is carried out, is presented on the website. Processing of an application doesn’t take more than 30 minutes. Money is transferred within 2-5 days.

Asteria Lending

Asteria has been operating on the Philippine credit market for a long time. The disadvantage of the company is strict requirements to borrowers, and a mandatory availability of a positive credit history. In the absence of a positive credit history, it is difficult to get a loan. The immediate application approval is one of the advantages. You can get an amount from 1 000 PHP up to 10 000 PHP. The loan term can be from 5 days up to several months.

Capital Uion

The company has a multidisciplinary nature. It offers personal loans, and also works with the business. For individuals, loans are quite profitable, so the overpayment is from 1 up to 3% per day. Any loan amount can be chosen, ranging from 1,000 to 35,000 PHP. It is possible to receive money both to a card or by funds transfer.

Fuse Lending

It allows you to easily get a loan quickly with a bad credit history. The application is processed within 1 hour. The funds are transferred within 24 hours. For repeated borrowers, a discount is provided on the interest rate. The process of registration requires only filling in of special fields on the website. And there is an authorization with the help of a personal phone as well.

Robocash

Robocash is one of the most popular companies. Be clicking the following link https://robocash.ph/ you can find the conditions, which are as follows:

 

  • the possible amount is from 1 up to 25 thousand pesos;
  • the loans term is up to 30 days.

The size of the interest rate is not specified anywhere. It is calculated individually. All the necessary information is presented on the website.

Cash Mart

MFO Cash Mart has been working for many years. Information on the terms and conditions is available by the following link https://cashmart.ph/. The following credit programs operate:

  • Salary Loan:
  1. from 5 up to 30 thousand pesos;
  2. interest rate is from 0.8 up to 3.5% per day;
  3. loan term is from 1 day;
  • Personal Loan:
  1. up to 30 thousand pesos;
  2. interest rate is up to 3.5% per day;
  3. loan term is from 1 to 30 days;
  • OFW Loan:
  1. from 5 up to 30 thousand pesos;
  2. interest rate is from 1.2 up to 2.5%.

Pera Jet

The company lends money to everyone without exception. The official website is by the following link https://perajet.com/. This MFO issues loans in amount from 5 up to 35 thousand PHP to their customers. The loan term is from 3 to 12 months. There are no hidden commissions or other conditions inconvenient for customers. After data is entered, the overpayment, the loan amount and the amount of repayment are reflected immediately on the screen.

Uploan

Uploan is a fast growing company, offering large sums of money to the citizens of the Philippines. And you can apply right through the Internet as well. The details of the conditions are available by the following link http://www.uploan.ph/. There is a convenient calculator on the website, so you just need to enter the amount in the peso and the number of lending months. All product parameters will be instantly calculated.

Binixo

It guarantees 100% probability of an application approval to all customers without exception. The minimum loan amount is 2 thousand pesos, the maximum is 20 thousand pesos. The loan term is relatively small. It is from 1 up to 30 days. Binixo keeps up with the times, so you have the possibility to install a special application in order to control your finances. The official website address is https://binixo.ph.

Loan Solutions

It differs from its competitors by the loan amount, which can be borrowed – it is from 14.4 up to 114.4 thousand pesos. And the interest rate is relatively small – it will be only 1.2% per day. The duration of loan repayment is up to 12 months. You can see all the loan conditions by clicking the following link www.loansolutions.ph. These are provided in the public domain.

Pera 247

Pera 247 provides loans for any purpose for citizens of the Philippines. It provides loans in amount from 2.5 up to 15 thousand PHP. The term can be set from 10 up to 90 days. The size of the interest rate is relatively small. All information is available by the following link https://www.pera247.ph. There is the own application in order to control the issued funds.

Loan Ranger

Loan Ranger offers loans in amount from 3,000 up to 10,000 PHP. Terms are flexible enough – from 5 up to 30 days. The interest rate is calculated individually. It can be from 1 up to 3.5% per day. You can order a callback, the application is formalized using a special form.

eCompareMo

You can get up to 50,000 PHP for up to 5 years. The application is made in the standard way, passport data and other information are specified. Personal offers are indicated by the following link www.ecomparemo.com. Overpayment will be 1.2% per day.

BDO

The minimum amount to receive here is 10 thousand Philippine pesos, and the maximum – 1 million. Maturity can be chosen from six months to three years. For half a year, the monthly rate is 1.3%, and for the rest it is 1.25%. The effective interest rate is in the range of 25.98-26.76%.

BPI

The minimum amount to receive here starts from 20 thousand Philippine pesos, and ends – 1 million. The repayment period ranges from 1 to 3 years with a flexible system for choosing intermediate options. The monthly interest rate is 1.2%, while the effective interest rate is in the range of 25.03-25.74%.

PSBank

In this bank, the maximum amount of the loan is much lower, since it lies within the limits of 20000-25000000 Philippine pesos. Credit can be taken for two or three years. Monthly interest rate is 1.75% for a fixed period or 2.5% for a revolving credit line.

RCBC

The minimum loan amount here is 50 thousand Philippine pesos, and the maximum is 1 million. The repayment period is offered for a choice of six months to 3 years. The effective interest rate depends on the approval of the bank and may change.

Security Bank

Here you can take a loan in the amount of 30 thousand Philippine pesos to 1 million. The bank offers to take a loan for a period of 12 months to three years, while you can set a period of one and a half and two years. The monthly interest rate here is from 1.39% to 1.69%. The effective interest rate starts at 29.48%, but can be significantly higher.

Sterling

A loan from 50 thousand to 1 million is available here. The maximum loan repayment period is three years, but there are also shorter terms. The interest rate is determined by the bank during the approval of the loan application and depends on many conditions.

UCPB Slar Easy

The limit of receiving money here lies in the range of 50-300 thousand Philippine pesos. The loan can be obtained at least for 6 months. Options for 12, 18, 24 and 36 months are also available. Interest rate is not constant and is determined by the bank at the time of approval of the application.

AUB

The minimum loan amount here is 30 thousand Philippine pesos, and the maximum – 250 thousand. Maturity is offered for a choice of up to 3 years. The effective interest rate depends on the approval of the bank and may change.

China Bank Saving Easi-Found

The minimum amount to receive here is 20 thousand, and the maximum – 1 million Philippine pesos. Maturity can be chosen from one to three years. The monthly rate of 1.55% is valid for six months, and for all the others it is 1.95%. The effective interest rate lies in the range of 32.73-37.24%.

East West

This is one of the largest offers on the market, since here you can take from 25 thousand to two million Philippine pesos. Maturity is in the range of 1-3 years. The monthly rate can vary from 1.49% to 1.89%. The effective interest rate is also variable and lies within 41.67-53.21%.

MayBank enAble

The loans are available in the amount of 50,000 to 1 million Philippine pesos. Maturity may be 1; 1.5; 2 and 3 years, depending on the customer’s wishes. The monthly rate is 1.3%.

PBCOM

It offers microcredits from 40 thousand to 1 million Philippine pesos. For the repayment of the loan is given a period of 1 year to 4 years, which makes this place one of the longest among all competitors. The monthly rate lies within 1,332-1.96%. The effective interest rate can range from 28.2% to 37.3%.

Robinsons

This structure is best suited for microcredit, since here you can borrow from 5,000 Philippine pesos. The maximum available amount is 250 thousand. The repayment period ranges from six months to 3 years. The interest rate is determined by the bank individually.

Requirements for a cash loan obtaining

The borrowers often establish the requirements for a loan by themselves. The main and most significant are the following:

  • low interest rate;
  • easy approval;
  • minimum package of documents.

The services of such companies are used by citizens who don’t have the opportunity to apply to large banks. Therefore, the requirements for credit history should also be absent.

How to make a cash loan approved

The probability of a loan approval in microcredit companies tends to be 100%. That’s why often there are no problems with that. But you should follow a number of rules for easy approval:

  • all data in the application must be reliable;
  • all previous loans should be repaid without delays;
  • there should be a permanent income.

Conditions for a loan obtaining

Before registration, it is important to read the conditions. The most significant condition is the interest rate. The higher it is, the more overpayment will be. It is usually indicated in percentages per day. In order to calculate the overpayment, you should just multiply the interest rate by the number of loan days. The solutions discussed above are favourable just for a short period of time. If you need to take a loan for more than 30 day, it is better to contact an ordinary bank.

How can a loan be repaid

The repayment can be carried out:

  • in cash through a bank cash desk;
  • with the help of electronic payment systems – including international ones;
  • through the application – many credit companies develop their own programs for different platforms (just enter your card details and write-off will happen automatically).

Cash loans in the Philippines can be obtained easily without even getting up from the table. But before you formalize it, you should make sure of your own solvency. Penalties are charged for late repayment, and a significant fine is imposed.

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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FEE
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