Top 10+ Best Personal Loan Application Online Philippines (2024)

What is loan application online Philippines? Most online loans require borrowers to have a genuine bank account to receive disbursements. However, there are now some applications for quick loans, receiving money via e-wallets or receiving it directly at transaction points.

After compiling and selecting, Retailasiaonline.com suggest the list of best easy online loan application Philippines in the article below.

TOP 10 Best Personal loan application online Philippines

Updated 09/2024

#1 1.000PHP - 20.000PHP Term: 7 - 30 days. Interest rate: 0% for first loan. Repayment: End of term. Only ID Card required. Age: 21 - 70. (Receive money in 5 mins) APPLY ONLINE

#2 1.000₱ - 25.000₱ Term: 3 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only National ID required. Age: 20 - 70. (Receive money in 15 mins) APPLY ONLINE

#3 1.000₱ - 25.000₱ Term: 1 - 180 days. Interest rate: 0,1%. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 60. APPLY ONLINE

#4 500 PHP - 25.000 PHP Term: 3 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 70. (Easy loan approval) APPLY ONLINE

#5 1.000₱ - 25.000₱ Term: 2 - 4 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 70. (Easy loan approval) APPLY ONLINE

#6 500PHP - 25.000PHP Term: 60 - 180 days. Interest rate: 1,2 %/month. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 65. (Receive money in 5 mins) APPLY ONLINE

#7 1.000₱ - 25.000₱ Term: 3 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 20 - 70. (Receive money in 15 mins) APPLY ONLINE

#8 1.000₱ - 25.000₱ Term: 2 - 4 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 70. (Easy loan approval) APPLY ONLINE

#9 1.000PHP - 50.000PHP Term: 1 - 12 months. Interest rate: 0% for first loan. Repayment: Monthly or End of term. Only ID Card required. Age: 20 - 65. (Receive money in 10 mins) APPLY ONLINE

#10 1.000₱ - 25.000₱ Term: 1 - 12 months. Interest rate: 0,01%. Repayment: Monthly or End of term. Only ID Card required. Age: 18 - 75. (Approve Bad credit) APPLY ONLINE

Summary of loan application online Philippines

What is loan application online Philippines?

Loan application online Philippines is an online loan service for Filipino residents. Accordingly, to receive disbursements, you will need to have a bank account,  or receive money via e-wallets. Loan limit from 1,000 to 50,000 pesos, installments for a period of 1 to 12 months with an average annual interest rate of 143%.

Types of online loan application Philippines

Easy online loan application Philippines include:

• Personal loan
• OFW loan
• Salary loan
• Credit card
• Motorcycle loan

Criteria to consider before applying for personal loan application online Philippines

When choosing a loan online application Philippines, you need to consider some factors such as:

• The payment method
• Loan app Philippines interest rate and associated fees
• Read carefully the terms of the contract
• Choose reputable lenders to avoid shark loans in the Philippines

Benefits of quick loan application online Philippines

The common advantages of salary loan online application Philippines are:

• Unsecured loans do not need collateral, no proof of income.
• Register online anytime, anywhere, no face-to-face meeting required.
• The loan process is simple, just fill in personal information and verify via the owner’s photo ID.
• Limits and terms can be selected according to the needs and financial capabilities of borrowers.
• Various payment options through many different methods.
• Confidentiality of borrowers’ personal information.

Cons of instant loan application online Philippines

Disadvantages of online application personal loan Philippines are:

• There are high interest rates and loan service processing fees.
• Low limit, short term.

Quick loan application online Philippines requirements

The basic conditions to register an online application personal loan Philippines are:

• Filipino citizens. from 18 to 70 years old.
• Have a valid genuine ID issued by the Government.
• Have a stable income.

Compare to online loan application Philippines

Source: Refer to State Bank reporting and research about lending company in Philippines.

Instruction on how to apply for loan application online Philippines

The basic process of registering a personal loan application online Philippines is:

Step #1: Choose a reputable online loan application

Choose a reputable lending partner, download the online loan application to your phone.

Step #2: Apply for a loan account

Fill in your phone number, email and enter verification code to apply for a loan account.

Step #3: Fill in personal information

Complete and accurate personal information, work information, income, contact person ..

Verify personal information by taking photos of genuine ID and portraits.

Step #4: Submit your application and wait for approval

Agree to the terms and conditions of the lender.

Submit loan applications, automatic approvals in minutes. Quick disbursement via e-wallet.

Top 5 Best loan application online Philippines 2024

Here is a list of personal loan application online Philippines:

#1. Digido – Loan application online Philippines

• Digido is a personal loan application online Philippines, started operating in 2020 and has been licensed by the SEC to operate a legal online loan service.
• The first loan is limited to 1,000 to 10,000 pesos, 0% interest rate for 7 days.
• Repeat loan maximum limit of 25,000 pesos, loan term 90 to 180 days.
• Digido loan interest rate is up to 143%/year.
• Eligibility: Filipino citizens, between 21 and 70 years old, with genuine ID.
• Address: Aguinaldo Ave., Cubao, Quezon City, Philippines.
• Pros: Installment loans without bank account 24/7 loan support, simple procedures only need 1 valid ID, no need to prove income, automatic approval, high loan approval rate, bad debt support, no hidden fees.
• Cons: Short-term loan, high interest rate.

#2. Unacash – Quick loan application online Philippines

• Unacash is a quick loan application online Philippines.
• This app is a product of Digido Finance Corp., which has been SEC-registered since 2020, allowing cash loans without face-to-face meetings.
• The first loan is borrowed quickly from 1,000 to 15,000 pesos, free of interest and service fees.
• Reputable payment customers can borrow back an amount of up to 50,000 pesos, loan terms from 60 to 180 days, with a maximum interest rate of 16% / month.
• Conditions: Filipino citizen, over 18 years old, phone number not blocked, genuine email.
• Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines.
• Pros: Payday loan with no bank statement, legal operation, fast approval, high limit, flexible payment, personal information security.
• Cons: Short term, high interest rate.

#3. SosCredit – OFW loan online application Philippines

• Soscredit is an OFW loan online application Philippines, ready to provide urgent money without collateral or guarantor.
• New customers can borrow between 1,000 and 7,000 pesos, 0% interest and fees.
• Old customers can borrow up to 25,000 pesos, the payment period from 3 months to 12 months.
• The annual interest rate is from 143% to 180% / year.
• Conditions: Filipino citizens, from 20 to 70 years old, with stable income, loan limit not exceeding 40% of income.
• Address: 83A 8/F Zeta Building, 191 1229, Salcedo, Makati, 1229 Metro Manila, Philippines.
• Pros: No checking account loans, no service fee, fast information processing and disbursement in 15 minutes, can borrow multiple loans at the same time.
• Cons: Only an intermediary proposing a reputable lending partner, not directly providing the loan.

#4. Kviku – Online fast cash application Philippines

• Kviku is an online fast cash application Philippines, operating legally, fully complying with the law, having been registered with the SEC since 2021.
• Loan limit from 500 to 25,000 pesos, loan period from 2 to 6 months.
• The loan has a preferential interest rate of only 0.16% / day.
• Eligibility: Filipino citizens, between 20 and 55 years old, with genuine ID, active phone number.
• Address: 18A Trafalgar Plaza, 105 H.V. Dela Costa Street, Salcedo Village Makati City, the Philippines.
• Pros: Online registration, no bank account loans, fast process, no hidden fees, personal information security.
• Cons: Personal loan without bank account has not too high limit, short loan period.

#5. Zaimoo – Online loan application fast approval Philippines

• Zaimoo is an online loan application fast approval Philippines operating in the form of P2P peer-to-peer lending, an intermediary connecting borrowers and reputable lending partners.
• Loan amount from 1, 000 to a maximum of 40, 000 pesos, loan period from 2 months to 60 months.
• Loan interest rate 11.9% to maximum 365% / year.
• Eligibility: Filipino citizens, from 18 years old to 65 years old, have 1 genuine ID.
• Address: Densure LLC, 08217974 Armenia, Yerevan, Komitas ave. 51/1-14.
• Pros: Bank loan without bank account, allows for various loan purposes, fast approval in 10 minutes, approval rate over 91%.
• Cons: High interest rates.

In Conclusion

Personal loan application online Philippines allows borrowers to apply for quick loans, receive cash disbursements instantly. You can refer to Zaimoo or Unacash, with quite high limits, interest-free offers and no service fees for new customers, super fast disbursement of the day.

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