10+ Best Legit Online Loan App With Long Term Payment Philippines

What is loan app with long term payment Philippines? How to apply for these?

Retailasiaonline.com suggest Top 10 Best Online Longest Term Loan Apps in the Philippines, customers can refer to the information in the following article.

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Summary of loan app with long term payment Philippines

✅ 10 Best online loans App with long term payment Philippines	⭐ 1. Soscredit, 2. Crezu, 3. Credify, 4. Digido, 5. Binixo
✅ Guide to	⭐ Apply for lending app with long term payment
✅ Loan amount	⭐ 1.000 – 60.000 pesos
✅ Age	⭐ 18 – 60 years old
✅ Term	⭐ 1 month – 12 months
✅ Interest rate	⭐ 0 % interest loan app for first loan
✅ Pros	⭐ Legit online loans guaranteed approval Philippines.
✅ Cons	⭐ Higher interest cash loan than bank
✅ Evaluate the effectiveness	⭐ Good
✅ Bad credit	⭐ Allow

What is long term loan?

Long term loan is a form of loan where the borrower is provided with a large amount of money and a long repayment term. Borrowers typically have to repay the loan on a monthly repayment schedule, including principal and interest, until the full loan amount is paid in full. Customers can take long-term loans at banks, credit institutions or financial companies.

Benefits of online long term loan apps

Loan app with long term payment Philippines has outstanding advantages and benefits such as:

• Allows borrowers a long time to repay the loan, helps divide the monthly repayment into smaller installments, alleviating monthly financial pressure
• Interest rates are lower than short-term loans.
• Long term loan apps Philippines supports online loan application, no need to meet face-to-face registration with simple procedures and fast disbursement on the same day.

Cons of a long-term loan app Philippines

Although long term personal loan Philippines has many advantages, there are also some disadvantages and drawbacks to consider such as:

• Since a long-term loan lasts for a long time, the total cost of paying interest can increase significantly. Although interest rates are lower than loan app 1 month, paying interest over a long period of time can be a big expense.
• When you commit to repaying debt over a long period of time, unexpected financial fluctuations may occur in the future. For example, job loss, business difficulties, or a major change in personal financial situation can make it difficult to repay debt.
• Be carefull for loan shark.

Interest rate of long term loan Philippines 

Each Philippine online loan company has its own interest rate policy, based on factors such as credit risk, income level, customer profile, and company regulations.

The overall interest rate market situation can also affect the interest rate of a long-term loan. If the overall interest rate in the market rises, borrowing rates may rise as well.

Example:

• A long term online loans of 50,000 pesos in installments for 12 months at an interest rate of 2% per month.
• The principal amount payable in one month is 50000 / 12 = 4166.67 pesos.
• The amount of interest payable in one month is 50000 x 2% = 1000 pesos.
• The total amount payable in one month is 5166.67 pesos.

Longest term loan apps in Philippines Requirements

Online loan with long term payment Philippines has simple loan requirements, easy for approval. Customers only need 10 minutes to register information online and wait for disbursement via bank transfer.

Condition

• Long term cash loan Philippines applies to customers who are over 18 years old, have a stable job, have a valid genuine ID, use a phone number that is not blocked.

Procedure

• To register online loans with long term payment, customers only need to fill in their personal information in the lender’s registration form.
• Confirm loan registration and wait for approval, receive disbursement to bank account.

Limit and term of cash loan app Philippines

Legit long term loan app has a loan limit that is not too high but the loan period is long.

Limits

Long term loans online instant approval have lower loan limits than mainstream bank loans. The amount that can be approved ranges from 1000 to a maximum of 50000 pesos.

Tenor

Almost long term loan from bank or cash loan in Philippines lasts from 6 to 12 months

How to apply for a long term online loan app in Philippines

The easy steps to apply for a loan app with long term payment Philippines are:

Step #1: Find and choose an online loan app

Explore and compare long-term loan apps on the market to find one that suits your needs.

Step #2: Download and install the app

Download the loan apps with longer repayment period (from App Store or Google Play) and install it on your mobile phone.

Step #3: Sign up and create an account

Open the app and proceed with registration by providing the necessary personal information. You’ll need to provide information like your name, phone number, email address, and basic financial information.

Step #4: Verify Identity

Provide documents such as a valid ID photo, portrait, or perhaps video call verification.

Step #5: Fill out the loan application

After creating an account and verifying your identity, you will need to fill out a loan application. In the loan application, you will provide information about the amount you want to borrow, the purpose of the loan, and other financial information.

Step #6: Processing and approval

After submitting your loan application, the application will review and process your application. Processing time may vary depending on your application and requirements. Some applications can process loan applications within hours, while others may take longer.

Step #7: Get a loan

If your loan application is approved, the loan amount will be transferred to your bank account or via other payment methods supported by the app.

Top 10 Best legit loan app with long term payment Philippines 2024

Here is a list of online loan apps with long term payment Philippines:

Loan App’s names	Type of loan	Term for payment
Soscredit	Online long term loan app in Philippines	12 months
Crezu	Long term payment loan Philippines	9 months
Credify	long-term loans with low monthly payments	1 – 12 months
Digido	Longest term loan apps in the Philippines	3 months
Binixo	Online long term personal cash loan Philippines	6 months

#1. Soscredit – long term loan app Philippines

Decription of long term loans guaranteed approval at Soscredit

• Soscredit is rated as one of the reputable Philippines long term loan app, fast, just need personal ID.
• Soscredit lends from 1000 to 25000 pesos, loan terms last from 3 to 12 months.
• The first loan will be backed by a maximum of 7000 pesos and no interest for a maximum of 62 days.
• APR (total interest and fees on loan amount) ranges from 143% to 180% per annum.
• It is required that borrowers are from 20 to 70 years old, have a stable income, the total payment in 1 month is up to 40% of income.
• Address: 21st Floor Equitable Bank Tower, 8751 Paseo de Roxas St., Makati City, 1226, Philippines

Pros and cons of Soscredit

• Pros: Best loan apps with long term payment, long term loans guaranteed approval simple procedure, fast loan process, variety of payment methods, fast approval, receive money in 15 minutes.
• Cons: Interest rates and fees are quite high.
• Overall score: 8/10.

Feedback about Soscredit

Customers who use long term loan app Philippines service have highly appreciated the loan app 3 months to pay at Soscredit

Guide to online loan with long term payment at Soscredit:

• Step 1: Register a Soscredit loan account at the link:

  Soscredit Website

• Step 2: Proceed to apply for a loan according to the following video:

#2. Crezu – Long term personal loan Philippines

Decription of long term online loan app Philippines in Crezu

• Crezu is a long term personal loan Philippines that helps compare and suggest reputable loan partners, tailored to the needs of borrowers.
• Crezu lends from 1000 to 25000 pesos, installment terms range from 2 months to 4 months.
• Crezu does not charge a service fee, APR from 12% to a maximum of 36% / year.
• Borrowers between 18 and 70 years old, with their own email and phone number, are living in the Philippines.
• Address: Tartu Street 84a, Tallinn, Philippines.

Pros and cons of Crezu

• Pros: Loan app with long term payment Philippines has provided financial support to more than 200 thousand customers, fast approval in 14 minutes, high approval rate on average 94%, more than 86% of customers applied for loans 2 times or more.
• Cons: Intermediary activities between reputable lending partners and borrowers, not directly lending.
• Overall score: 7/10.

Feedback about Crezu

According to customer feedback, Crezu has helped customers find and choose the best legit long term loan app.

Guide to long term loans guaranteed approva in Crezu

• Step 1: Register a Crezu loan account at the link:

  Crezu Website

• Step 2: Proceed to apply for loan app that offers monthly payment according to the following video:

#3. Credify – Long term online loan app Philippines

Decription of loan app with long term payment Philippines at Credify

• Credify supports long term online loan app Philippines for many different purposes such as consumption, healing, tourism…
• Credify lends from 1000 to 25000 pesos, installments for terms from 2 months to 12 months, APR 180%.
• The first loan will be approved up to 10,000 pesos, interest-free and free of charge.
• Requiring borrowers between 20 and 70 years old, the phone number works 2-way.
• Online loan with monthly payment in Philippines.
• Address: Latvia, Saldus, Liela iela 9, Philippines.

Pros and cons of Credify

• Pros: legit long term loan app, can extend to 60 months, fast disbursement in 15 minutes, regardless of borrower’s credit history.
• Cons: Interest and fees of this lender are quite high.
• Overall score: 8/10.

Feedback about Credify

Borrowers are very satisfied with the long term payment loan app service.

Guide to long term loans online instant approval at Credify:

• Step 1: Apply for a Credify loan account by following the link:

  Credify Website

• Step 2: Proceed to apply for a loan according to the following video:

#4. Digido – Longest term loan apps in Philippines

Decription of long term loan in the Philippines at Digido

• Digido is the top longest term loan apps in the Philippines that are easiest to browse and most reputable in the Philippines.
• Digido lends between 500 and 25000 pesos, with installments of 3 to 6 months.
• Applying an average interest rate of 11.9%/month, maximum APR of 143%.
• The first loan will be approved up to 10000 pesos, interest-free within 7 days.
• Requires borrowers between 21 and 70 years old, to be Filipino citizens. have a government-issued ID such as COE, DTi, ITR..

Pros and cons of Digido

• Pros: Easy to approve, approval rate over 90%, simple loan procedures, support anytime, anywhere, fast disbursement, easy repayment.
• Cons: Loan apps with long term repayment with high interest rate.
• Overall score: 8/10

Feedback about loan app long term Digido

Digido is customer feedback as long term loan in the Philippines offering the best legal online loan in the Philippines.

Guide to online loans with long term payments at Digido:

• Step 1: Register a Digido loan account at the link:

  Digido Website

• Step 2: Proceed to apply for legit online loan long term according to the following video:

#5. Binixo – Long term cash loan Philippines

Decription of long term cash loan Philippines in Binixo

• Binixo is a long term cash loan Philippines 24/7 online support, receiving money in 15 minutes.
• Binixo lends from 1000 to 25000 pesos, installment terms from 3 to 12 months.
• The interest rate on the first loan is only 0.01%.
• Interest rates on subsequent loans range from 4% to 916% per year.
• Requires the borrower to be a Filipino citizen over the age of 18.
• Address: 685 St. Paul Road San Antonio Village Makati Metro Manila, Philippines.

Pros and cons of loan long term payment Binixo

• Pros: long term loans guaranteed approval Philippines, high approval rate, fast approval, simple loan procedure.
• Cons: High interest rates.
• Overall score: 8/10.

Feedback about Binixo

Customers who have used long term loan in the Philippines at Binixo all rated 5 stars for the quality of loan service.

Guide to long term loans online instant approval at Binixo:

• Step 1: Register a Binixo loan account at the link:

  Binixo Website

• Step 2: Proceed to apply for long term personal loan app according to the following video:

FAQs – Legit loan app with long term payment Philippines

Here are the answers to questions about loan app with long term payment Philippines

What is online long term loan App?

Online long term loan App is meaning a type of loan App with montly repayment. Long term online loan app Philippines benefits borrowers because the extended repayment period helps divide the repayment into smaller monthly repayments, which in turn makes it easier for borrowers to manage their finances.

Difference between short term loan and long term loan

Payday loans repayment periods are usually short, ranging from weeks to months are used to meet short-term financing needs, requiring little information and simple procedures. Payday loans may have higher interest rates than loan apps with long term payment Philippines due to higher short-term risks and shorter repayment periods.

Which bank gives long term loans to farmers?

There are various banks and financial institutions that offer long-term loan services to farmers. Particularly in the Philippines, you can refer to long term online loan app Philippines on BDO Digital Banking, Landbank Mobile Banking, UnionBank Online, BPI Mobile, My Home Credit App Philippines.. Only borrowers are required who are over 18 years old and have a stable income.

How to get a long term loan with bad credit?

If you have a bad credit history, your chances of borrowing may be more difficult. You should focus on improving your credit score by making sure you pay on time and don’t leave it too late or failing to pay your debt. Then find out the loan app with long repayment period, do not consider credit scores to apply for loans.

Conclusion

One of the best legit online loan app with long term payment in the Philippines that customers can refer to and consider choosing when in need is Soscredit, which lasts 12 months and waives interest on the first loan.