7+ Best Payday Loan Philippines Online 24 hour Instant no credit check

What is payday loan Philippines? Short-term loans in the Philippines provide super-fast online financial support with short procedures, quick approval, and limits can be up to 150,000 pesos without collateral.

Retailasiaonline.com has compiled and suggested the list of best payday loans Philippines no credit check in the following article.

Summary of payday loan Philippines

What is payday loan Philippines?

Payday loan Philippines is a personal cash loan with a short payment term for Filipino citizens. Customers only need 5 minutes to register for an online loan on an internet-connected device and will be able to receive a loan of up to 150,000 pesos without having to prove income.

Pros and benefits of payday loan Philippines no credit check

Payday loan app Philippines has many advantages such as:

• Reputable operations, 24/7 online support, clear and transparent information.
• Borrowers just need to sit at home and carry out online procedures, no need to meet in person.
• No proof of finances, no collateral required, no guarantor required.
• Flexibly choose limits, payment time, and consult before applying for a loan.
• Simple registration, quick approval, receive money into your bank account within 24 hours.
• 0% interest and fee incentives for new customers registering for a loan for the first time.
• Easy operation, track payment history and loan information right on the homepage.
• High approval rate, can support customers with bad debt.
• Encrypt personal information data securely.

Cons and drawbacks of online payday loan Philippines

Disadvantages of 24 hour payday loan Philippines are:

• Short-term payment, limit not too high.
• High interest rate, service fee.

Payday loan Philippines bad credit requirements

Conditions for applying for an online payday loan Philippines are:

• Philippine nationality, from 18 to 70 years old.
• Have a valid owner ID.
• Have a stable income, have a bank account.

Instruction on how to apply for instant payday loan Philippines

The basic steps to apply for a payday loan in the Philippines are:

Step #1: Visit the homepage of online payday loan Philippines

Visit the lending partner’s website.

Choose the loan limit and apply for a loan.

Step #2: Fill in registration information

Fill in basic personal information as requested by the lending partner.

Verify information by taking ID photos and portrait photos.

Step #3: Agree to loan terms

Agree to loan terms and conditions.

Confirm loan registration via code sent via SMS.

Step #4: Approval and disbursement

Automatic approval and disbursement in 24 hours.

Top 10 Best payday loans Philippines 2024

Below is the list of best payday loans Philippines no credit check:

#1. Paghiram – Online payday loan Philippines

• Paghiram is an online payday loan in the Philippines, owned by MyCash Lending Investor Inc, operating legally since 2018.
• Limit: 3,000 to 12,000 pesos.
• Term: 7 to 28 days.
• Interest rate: 0.2%/day.
• Conditions: Filipino citizen, 18 to 60 years old, stable income, valid ID.
• Address: 1700 Diosdado Macapagal Blvd, Baclaran, Parañaque, Metro Manila, Philippines.
• Pros: Legally registered at SEC, simple process, no service fees, can extend payment time, quick approval and disbursement, no collateral required.
• Cons: Low limit, short term.
• Overall score: 8/10

#2. Digido – Instant payday loan Philippines

• Digido is an instant payday loan in the Philippines, developed by Digido Finance Corp since 2020 with a simple procedure that only requires 1 valid ID.
• Limit: 1,000 to 30,000 pesos.
• Term: 3 to 6 months.
• Interest rate: 11.9%/month (about 143%/year).
• First-time borrowers can borrow a maximum of 10,000 pesos in 7 days and 0% interest.
• Conditions: Philippine citizens, from 21 to 70 years old, have official ID such as DTI, COE, company ID, ITR…, stable income.
• Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines 1109.
• Pros: SEC registered, 24/7 support, no hidden fees, approval rate over 90%, flexible payment methods, support for bad debt, automatic approval in 5 minutes.
• Cons: Low limit, short term, high interest rate.
• Overall score: 9/10

#3. Cashexpress – Payday loan Philippines no credit check

• Cashexpress is a payday loan Philippines no credit check, operating legally since 2019, providing online financial support with quick disbursement in 15 minutes.
• Limit: 1,000 to 20,000 pesos.
• Term: 7 to 14 days.
• Interest rate: average 1%/day, maximum 1.99%/day.
• New customers are exempted from interest for 7 days on the first loan.
• Conditions: Filipino citizens, from 21 to 70 years old, have at least 1 ID out of 7 valid IDs such as passport, PRC ID, national ID, postal ID, driver’s license, SSS, PRC ID, active phone number 2 pm.
• Address: 7th Ave, cor Lane T, Taguig, 1630 Metro Manila, Philippines.
• Pros: Legal operation, simple loan process, online loan anytime, anywhere, no collateral, no need to prove income, approval in 15 minutes, quick disbursement in 5 minutes, possible Extend payment time.
• Cons: Low limit, short term.
• Overall score: 8/10

#4. Funpera – 24 hour payday loan Philippines

• Funpera is a 24 hour payday loan Philippines of DF Credit Lending Corporation, operating since 2020 and has been certified to operate legally.
• Limit: 1,000 pesos to 20,000 pesos.
• Term: 90 to 180 days.
• Interest rate: 24%/year, service fee 2% of loan limit, early payment penalty fee 6% of outstanding balance.
• Conditions: Filipino citizen, over 21 years old, minimum income 10,000 pesos/month, have 1 valid ID.
• Address: 5th floor Rockwell Business Center Tower 1, 1604 Pasig City, Philippines 1630.
• Pros: Licensed to operate legally, online loans without guarantor, bad debt support, borrower information security.
• Cons: Low limit, short term, additional service fee.
• Overall score: 8/10

#5. Cash Mart – Payday loan Philippines bad credit

• Cash Mart is a payday loan Philippines bad credit, registered with the SEC and licensed to operate legally since 2016 and has 4 different loan packages for customers to choose from.
• Limit: 3,000 to 150,000 pesos.
• Term: 7 to 30 days.
• Interest rate: 0.06% to 1%/day, service fee 10%.
• Conditions: Filipino citizen, from 21 to 50 years old, with stable income.
• Address:53 Bayani Road, Fort Bonifacio Taguig City, Metro Manila, Philippines 1630.
• Pros: Legal operation, many different loan packages, no need to prove income, flexible payments, 24/7 support.
• Cons: Short term.
• Overall score: 9/10

Conclusion

Hopefully through this article, you will have more information about payday loans Philippines and choose a reputable lending partner. Cash Mart is the top effective choice, with many different loan packages and maximum limit of 150,000 pesos, interest rate from only 0.06%/day.

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