10+ Best Online Student Loan In Philippines Pay After Graduation

What is a student loan in Philippines? What are the evaluation criteria and steps to apply for a loan app for students in the Philippines pay After Graduation

Retailasiaonline.com suggests list of best online loan for Filipino students. Let’s refer to the article below.

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Summary of Student loan in Philippines

✅ 10 Best online Student loan App in Philippines after graduation	⭐ 1. Crezu, 2. Mazilla, 3. Binixo, 4. Soscredit, 5. Cashspace
✅ Guide to	⭐ Apply for online loan App for student in the Philippines
✅ Loan amount	⭐ 1.000 – 60.000 pesos
✅ Age	⭐ 18 – 60 years old
✅ Term	⭐ 1 – 12 month
✅ Interest rate	⭐ Low, 0 % interest loan for first loan
✅ Requirement	⭐ National ID or Visa
✅ Payment	⭐ Pay after graduation
✅ Pros	⭐ Fast cash loan in Philippines for tution fee, bank for international student study abroad
✅ Cons	⭐ Short-term online lending
✅ Evaluate the effectiveness	⭐ Good
✅ Bad credit	⭐ Allow

What is Student loan in Philippines?

Student loan Philippines is a student loan service offered through an online platform. This is a convenient and quick way for students with short-term financial needs to cover study, living, book shopping, or other study-related expenses. You only need to have a valid personal ID to authenticate to be approved for a loan and disbursed immediately to your bank account.

Benefits of loan app for students Philippines

Student loan in the Philippines offers many benefits to students, such as:

• Students can apply for loans online from anywhere as long as they have an internet connection.
• The procedure is simple, no need to go to the bank or meet the financial staff in person, saving time and effort.
• The processing and approval of applications usually takes place quickly, helping students to access funds in the fastest way, solving urgent financial problems or unexpected expenses in a short time.
• Students can select and adjust loans and repayment schedules according to their current needs and financial capabilities.
• With no collateral required, loan approvals are usually based on your solvency and credit score.

Cons of online loan for student Philippines

Students need to learn carefully about the disadvantages before deciding to borrow a student loan app Philippines:

• The loan limit is not too high, the repayment period is short-term.
• Interest rates are usually higher than traditional loans due to the higher risk ratio because borrowers do not have a stable income and little credit history.
• Some online student loan providers may apply fees
• Without careful financial management, debt accumulation can cause financial difficulties and affect the ability to repay debt in the future.
• It is possible to fall into the black credit trap if you do not research and choose a reputable lender.

Tips to qualify for choosing Student loan in the Philippines

To choose a reputable student loan in the Philippines, you can consider the following criteria:

• Check whether the loan servicer is legally licensed to operate by the competent authority.
• Learn about user histories and reviews to ensure that they are trustworthy, comply with legal regulations, have good service, and a fast review process.
• Provide detailed and transparent information about loan terms, interest rates, penalty fees, and other requirements.
• The reputable company will have a fast review process, dedicated customer support and be ready to answer any questions or concerns from customers.
• Ensure that the lending company in Philippines has reasonable security measures and privacy protection policies in place to protect your personal information from misuse or leakage.

Cash loan for students Philippines Interest rate

Fast student loan interest rates can vary depending on many factors, such as lender service, loan terms, student credit history, etc., averaging about 11.9% per month.

Typically, student loan pay after graduation interest rates are higher than traditional loans due to higher risk because students do not have a stable income and less credit history.

Example:

• Student A borrows 10,000 pesos for 1 month at an interest rate of 11.9% per month.
• The amount of interest payable after 1 month is 10000 x 11.9% = 1190 pesos.
• The total amount payable after 1 month is 10000 + 1190 = 11900 pesos.

Requirements for student loan bank Philippines

Some general conditions that are usually required when applying for a Student loan in the Philippines are:

• The main condition is that the borrower must be a student currently enrolled at an accredited university, college, or equivalent school in the Philippines.
• Reach the legal age to enter into a contract, usually requiring loan for 18 years of age or older.
• Have a government-issued ID to verify identity and personal information.
• Good credit history or don’t have huge bad debt problems.
• Scholarships is better.

Credit line and term of educational loan in the Philippines

Philippine student loan limits and terms may vary depending on the loan servicer and the specific conditions of each loan.

Credit line

The Philippines to study abroad student loan limit is usually determined based on a student’s income and ability to pay. Loan limits can range from 1000 pesos to 25000 pesos, the maximum can be up to 50,000 pesos, depending on each lender providing the service.

Term

Philippine loan tenors are shorter than traditional loans, typically ranging from a few months to a year. However, some lenders may offer more flexible loan terms, allowing you to choose a repayment period that suits your financial situation.

Compare student loan Philippines to study abroad

Comparative criteria	Mazilla	Binixo	Soscredit
Limits	500 – 25000 pesos	1000 – 25000 pesos	1000 – 25000 pesos
Tenor	3 months – 2 years	3 – 12 months	3 – 12 months
Interest	30% – 365%/ years	4 – 916%/ years	143% – 180%/ years
Approval time	15 minutes	15 minutes	10 minutes
Overall score	7/10	7/10	9/10

Source: Refer to i study from Landbank reporting and research.

How to apply for Student loan in Philippines

Basic Steps to apply Student Loan in Philippines:

Step #1: Research and compare student loan app

Find out and compare companies that offer student loan Philippines pay after graduation. Consider factors such as interest rates, loan terms, loan limits, and user reviews to choose the right service provider

Step #2: Apply and submit loan documents

Go to the online loan website Philippines or application of the loan servicer and fill out the necessary information in the loan application form including personal loan in Philippines information about education, income and other relevant documents.

Step #3: Verify the information

Verify the information in the loan application by providing one of the valid government-issued IDs.

Step #4: Approval and Disbursement

The lender will review and announce the loan results shortly. If approved, you will receive the contract and sign it online. Disbursement of funds to the borrower’s bank account.

Step #5: Pay off the loan

Pay loans, interest, and fees on time on schedule to avoid penalty fees and affecting your credit history.

Top 10 Best Online student loans in the Philippines 2024

Below is a list of best student loans in the Philippines pay after graduation:

#1. Crezu – Loan app for students Philippines

• Crezu is a financial brand of Fininity Ltd, advising and linking clients with loan app for students Philippines in the form of online registration with only a valid genuine ID.
• Depending on your personal profile credit score, you will be supported with loans with limits from 1000 pesos – 25000 pesos.
• Payment term from 61 days – 120 days.
• Transparent public interest rates range from 12% / year and not more than 36% / year.
• Requires borrowers to be Filipino citizens between 18 and 70 years old.
• Address: Tartu Street 84a, Tallinn, 10112, EE.

Pros and cons of Crezu

• Pros: Tuition fee loan Philippines, no need to prove income, apply for online loan 24/7, high application processing rate (up to 94%), super fast disbursement, free advice and support, bad debt support.
• Cons: The limit is not too high, the installment period is short, the interest rate is high, only an intermediary to introduce the loan, not directly lending.
• Overall score: 7/10

Feedback about Crezu

Most customers who have used medical student loan in the Philippines are satisfied with the quality of service at Crezu:

Guide to apply for student loan Philippines in Crezu

Apply for student loan Philippines in 2 simple steps:

• Step 1: Visit Crezu’s website at the link:

  Crezu Website

• Step 2: Fill in the loan application information according to the following video:

#2. Mazilla – online loan for student Philippines

• Mazilla is an online loan support unit for students in the Philippines, Mazilla operates on a P2P model with the mission of connecting lending partners to people in need of loans.
• Borrowers can apply for loans between 500 pesos and 25,000 pesos on Mazilla.
• Loan periods range from 3 months to a maximum of 2 years.
• Loan interest rate from 30 to 365% / year, no service fee.
• Requires borrowers over 18 years old, Filipino nationality, to have a genuine bank card.
• Address: SIA ROKSORE Letonia, Riga, Krisjana Valdemara calle, 33 – 7, LV-1010.

Pros and cons of Mazilla

• Pros: Student loan in Philippines simple procedures, fast approval and disbursement, no collateral, no appraisal of relatives, support for bad debts group 2 or less, confidentiality of customer information.
• Cons: High interest rates.
• Overall score: 7/10

Guide to apply for student loan Philippines in Mazilla

Apply for student loan Philippines in 2 simple steps:

• Step 1: Visit Mazilla’s website at the link: [table “mazilla_ph3” not found /]
  
• Step 2: Fill in the loan application information according to the following video:

#3. Binixo – Student loan app Philippines

• Binixo is a Filipino student loan app service intermediary between customers who need credit and credit issuers.
• The minimum loan limit at Binixo is 1000 pesos and the maximum is 25000 pesos.
• The term of installment loans at the Binixo application is flexible, ranging from 3 to 12 months.
• The first loan offers an interest rate of 0.01%, repeat loans apply interest rates from 4 to 916% / year.
• Requires borrower from 18 years old, Filipino citizenship.
• Address: 1116 Budapest, Fehérvári ut 126-128.

Pros and cons of Binixo

• Pros: student gadget loan Philippines easy loan easy to approve, fast disbursement, incentives for first-time borrowers, online loan with monthly payments in Philippines.
• Cons: High interest rate, low loan limit.
• Overall score: 7/10.

Feedback about Binixo

Binixo’s Student loan Philippines to study abroad has received positive feedback from users for its simple and fast process, flexible loan limits, and competitive interest rates.

Guide to apply for student loan Philippines at Binixo

Apply for student loan Philippines in 2 simple steps:

• Step 1: Visit Binixo’s website at the link:

  Binixo Website

• Step 2: Fill in the loan application information according to the following video:

#4. Soscredit – Cash loan for students Philippines

• SosCredit is a platform to support instant cash loan for students Philippines established and managed in Goodday Group – a multinational financial corporation
• First-time borrowers will receive financial solution support of up to 7000 pesos with preferential 0% interest rate.
• Recurrence loans are approved up to 25000 pesos, with a maturity of 3 to 12 months.
• Loan interest and fees are at least 143% per annum, and up to 180% per annum.
• Financial assistance for Filipino citizens aged 20 years and older.
• Address: Latvia, Saldus, Liela iela 9, LV-3801.

Pros and cons of Soscredit

• Pros: Fast online procedure, no collateral, no guarantee, 15-minute approval time, high approval rate, flexible monthly payment.
• Cons: student loan Philippines pay after graduation with high interest rate, no customer care hotline, additional service fee.
• Overall score: 9/10

Feedback about Soscredit

Customers appreciated the convenience and simplicity of the loan application process and the fast processing time of student visa loan Philippines at Soscredit

Guide to apply for student loan Philippines at Soscredit

Apply for student loan Philippines in 2 simple steps:

• Step 1: Visit Soscredit’s website at the link:

  Soscredit Website

• Step 2: Fill in the loan application information according to the following video:

#5. Cashspace – Fast student loan Philippines

• CashSpace is loan app that accepts school id Philippines, deployed, operated and developed by Fininity Ltd, which does not directly stand up to provide loans but only makes suitable loan.
• Cashspace loans have limits ranging from 1000 to 25000 pesos.
• Reimbursement period ranges from 2 months to a maximum of 4 months.
• Interest rates on an annual basis range from 12% to 36%.
• Requires borrowers to be Filipino citizens at least 18 years old.
• Address: Tartu Street 84a, Tallinn, 10112, EE

Pros and cons of Cashspace

• Pros: Fast student loan Philippines, support 24/7, receive money in 5 minutes, support even bad debt documents, no service fee.
• Cons: Short installment period, high limit.
• Overall score: 7/10

Feedback about Cashspace

Educational loan customers in the Philippines feedback share about the convenient and fast experience in the loan application process at Cashsapce.

Guide to apply for student loan Philippines at Cashspace

Apply for student loan Philippines in 2 simple steps:

• Step 1: Visit Cashspace’s website at the link:

  Cashspace Website

• Step 2: Fill in the loan application information according to the following video:

Read more: Education loan for SSS

FAQs – Student loan in Philippines

Here are the answers to questions about Student loan in the Philippines

Is there a student loan in the Philippines?

In the Philippines, there are several financial companies and online credit unions that offer loan apps for Filipino students. These companies often provide loans for the purpose of assisting students in meeting financial needs during their studies. Requires borrowers to be students studying at a university, college or professional high school in the Philippines.

How much is a student loan?

Student loan in Philippines limits may vary depending on the company and financial institution. Loan limits are usually determined based on a student’s income and ability to pay. Typically, loan limits for online student loans in the Philippines can range from 500 to 50,000 pesos.

Note when registering an online loan for student Philippines?

When applying for a cash loan for Filipino students, borrowers need to pay attention to choosing a reputable, reliable loan company, transparent public loan information, and avoiding black credit. You should assess your financial capacity, do not borrow beyond your ability to pay to avoid difficulties in repaying debts leading to bad debts.

Conclusion

Based on research and evaluation, retailasiaonline.com recommend a suitable borrower for online student loans in Philippines is Soscredit with a fast approval process, flexible loan limits, competitive interest rates and reliable personal information security policy.