Payday in the Philippines

Not everyone gets a salary in time, an it, combined with the accrued bills for various services, leads to stress. In such difficult situations, lots of people don’t want or can’t ask their family or friends to help.

Payday loan is a convenient and safe option. The required amount is transferred to a bank account quickly, within a few minutes, and the loan can be repaid gradually or immediately after the loan term is over.


Payday in the PhilippinesPayday loan is a useful tool for borrowing of a small amount for a short period of time. Micro-loans have many advantages:

  1. This is an alternative when there are no other ways to get money – if there is a financial problem, and there is no other way to solve it.
  2. Immediate receiving. No credit check and access to credit cards is required for such loans getting. Citizens of the Philippines, who have reached the age of 18, having a permanent or temporary source of income and identity documents are entitled to get a microloan.
  3. Fast and convenient. You don’t need to fill in any papers that should be processed when taking traditional loans. After submitting an application on the site, it is approved and money is received within 15 minutes or several hours. The funds are transferred instantly.

But it is worth mention that this type of loan is more expensive than usual loans. If you can’t repay the loan on time, you will face an interest rate that continues to increase until loan is repaid.




interest rate
for per day
PHP 5000 - 10000
from 30 to 60 days
(4,1/5) 181 voice



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 PH

Receiving money in any way 24/7!

interest rate
for 0 % per day
PHP 1000 - 10000
from 7 to 180 days
(4.98/5) 2509 voice
Guarantee of a loan on a card!


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

Where it is better to take payday loans

In the microcredit market of the Philippines there are several companies that offer to get payday loans. Some of them charge very high interest rates (more than 60 percent), which doubles the amount of the loan. Therefore, the offers of all financial and credit organizations should be studied in order to avoid a clash with financial sharks. We have chosen three companies that are engaged in short-term loans issuance under reasonable commission and having a state license.

Cash Mart Philippines

Payday in the PhilippinesCash Mart Philippines is an online lending company that instantly provides microloans in Manila. In order to obtain them you need:

  • to be over 21 years of age;
  • to have a permanent source of income and a valid ID document.

This lender has more than 47 years of experience in financial services and flexible repayment terms. The organization conducts analytical studies to improve service and optimization for the Philippine market. Here you can get a micro loan in amount from 5 000 up to 30 000 PHP with a gradual repayment (biweekly, monthly, weekly).

Loan Ranger

Payday in the PhilippinesLoan Ranger is the first lender to start issuing payday loans in the Philippines. Many customers are satisfied with an easy and hassle-free online loan application process, with a quick transfer of the required amount and with a convenient repayment methods. However, some borrowers note a long approval (which takes more than 24 hours). The main advantage of Loan Ranger is a low interest rate (3.5%) if you borrow 10 000 PHP and repay the loan within five days. Also, there is a convenient loan repayment through a bank account or A person over 18 years of age with a stable income, a valid ID, a Facebook account and an income statement for the last three months can easily apply for a loan.


Payday in the PhilippinesThe California mobile technology company Tala helps to get loans to “under-served people” around the world. It operates in four developing countries – the Philippines, Kenya, Mexico and Tanzania, offering instant loans through a mobile application. Company’s advantages:

  • convenient way to get loans through the application and to track loan status using your smartphone;
  • only one valid ID document is required;
  • quick approval (takes less than 5 minutes);
  • cash payment through, e-wallet, bank deposit and in the Padala centers.

You will need a Facebook account and any state ID document in order to obtain a loan.

Requirements for payday loans obtaining

Microfinance organizations issue payday loans for a period from 7 days up to 16 weeks. In order to get the right amount you need to apply online. The applicant must meet the following requirements:Payday in the Philippines

  • age from 18 years and older;
  • active phone number;
  • at least one state ID document;
  • own business or a permanent source of income.

In most cases, customers of microfinance companies are guaranteed easy approval and instant receipt of money. You don’t have to visit an office in order to get a loan, the whole process is online.

How to make a payday loan approved

In order a payday loan to be approved, you should check the data before submitting the application on the website. False or erroneous information is a common cause of loans denial. It is necessary for application to be complete and accurate. Also, you need to make sure that you meet the requirements that are imposed on the customers employment.

It is necessary to have a stable income, confirmed by extracts or certificates. Unfair candidates, who are in arrears, won’t be able to get a short-term loan at all. Therefore, it is required to repay loans in time in order to get the necessary amount.

Payday in the Philippines

Conditions for a loan obtaining

In order to obtain payday loans in the Philippines, the minimum requirements must be met. The applicant must provide the following documents:

  • one valid ID document (UMID, NBI, driver’s license, OFW, postal ID, voter’s identity card);
  • state ID;
  • payment sheet or account statements.

In order to apply for a loan, you do not need to come to the office, the entire application process takes place online.

How can a loan be repaid

Payday in the PhilippinesIt is quite easy to repay payday loans. All companies in the Philippines are customer-oriented, making it easier for customers to repay loans. In most lending institutions you can use easy loan repayment ways, so you only need to use the following services:

  • 7-Eleven;
  • ph;
  • Cebuana Lhuillier;
  • M Lhuillier.

You can also repay a micro loan through a bank deposit. This type of loan is characterized by small amounts and a short term. Only several companies provide money for 60 or 90 days. Usually, 30 days are given in order to repay a loan, and you can do it gradually, or by a one-time payment. You can extend the loan term, but this is a chargeable service, and the payment must be made before the maturity date, which is speсified in the loan agreement.

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