Top 5 Legit Online Lenders to Get Quick Cash with Low Interest Rates in the Philippines
Life can be unpredictable, and sometimes it’s hard to keep up with unexpected expenses. Whether it’s a medical emergency, a broken appliance, or car repairs, there are times when you need cash quickly. In the past, the only option was to borrow money from friends or family, or from loan sharks charging exorbitant interest rates. But today, with the help of modern technology, you can easily apply for a loan online and get the cash you need, quickly and safely. In this article, we’ll be sharing with you 5 legit loans online with low interest rates in the Philippines.
Why Should You Choose Online Loans?
Applying for a traditional loan through a bank or credit union can be time-consuming, and the approval process can take weeks. Plus, if you have a poor credit score, you may not even qualify for the loan. On the other hand, applying for a loan online is quick and easy, and you don’t need to provide any physical or collateral documents. Most online lending platforms use advanced identity verification and credit scoring algorithms that can quickly determine whether or not you’re eligible for a loan, and how much you can borrow. All you need is a stable source of income, a valid ID, and a bank account to receive the loan proceeds.
Now that you know why online loans are a great choice, let’s take a closer look at the top 5 legit online lenders in the Philippines.
Loan type
Short termFor a period of
728 daysRate ()
365.00% / yearLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
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Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
20000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
no1. Cashwagon
Cashwagon is an online lending platform that offers unsecured loans to Filipinos. They offer loans up to PHP 20,000 for a period of 180 days. The interest rate starts at 1.5% per month, and the processing fee ranges from 0% to 10% of the loan amount. To qualify, you need to be a Filipino citizen between 22 and 60 years old, with a stable income source.
Cashwagon has a fully online application process, which means you can apply anytime and anywhere using your smartphone or computer. All you need to do is fill out their online application form and submit your ID and income documents for verification. Once your application is approved, the loan proceeds will be deposited directly to your nominated bank account within 24 hours.
2. Tala Philippines
Tala Philippines is an online lending platform that offers fast and easy loans to Filipinos. They offer loans up to PHP 10,000 for a period of 30 days. The interest rate starts at 11% per month, and the processing fee ranges from 11% to 15% of the loan amount. To qualify, you need to be a Filipino citizen between 18 and 60 years old, with a stable income source.
Tala Philippines also has a fully online application process that only takes a few minutes to complete. You just need to download their app, create an account, and fill out the application form. The app uses advanced algorithms to verify your identity and creditworthiness, and if you’re approved, the loan proceeds will be credited to your Tala account or your nominated bank account. Tala also offers a loyalty program that rewards borrowers who consistently repay their loans on time with higher loan amounts and lower interest rates.
3. Loan Ranger
Loan Ranger is an online lending platform that offers fast and secure loans to Filipinos. They offer loans up to PHP 10,000 for a period of 30 days. The interest rate starts at 0.8% per day, and the processing fee ranges from 0% to 10% of the loan amount. To qualify, you need to be a Filipino citizen between 18 and 60 years old, with a valid ID, and a stable income source.
Loan Ranger also has a fully online application process that takes less than 5 minutes to complete. You just need to register on their website, provide your personal and employment details, and upload your ID and income documents for verification. Once your application is approved, the loan proceeds will be credited to your nominated bank account within 24 hours. Loan Ranger also offers a referral program that rewards both the borrower and the referrer with cash incentives for successful loan applications.
4. Pera247
Pera247 is an online lending platform that offers fast and easy loans to Filipinos. They offer loans up to PHP 15,000 for a period of 90 days. The interest rate starts at 0.83% per day, and the processing fee ranges from 0% to 20% of the loan amount. To qualify, you need to be a Filipino citizen between 18 and 55 years old, with a stable income source.
Pera247 has an online application process that’s available 24/7, so you can apply for a loan anytime that suits you. You just need to create an account on their website, fill out the application form, and upload your ID and income documents for verification. Once your application is approved, the loan proceeds will be deposited directly to your nominated bank account within 1 to 3 working days. Pera247 also prides itself on its excellent customer service, with a dedicated team to answer any questions and concerns that borrowers may have.
5. Digido
Digido is an online lending platform that offers fast and easy loans to Filipinos. They offer loans up to PHP 25,000 for a period of 180 days. The interest rate starts at 0.06% per day, and the processing fee is fixed at 5% of the loan amount. To qualify, you need to be a Filipino citizen between 21 and 70 years old, with a valid ID, and a stable income source.
Digido uses a fully automated loan approval process that takes only a few minutes to complete. Once you’ve submitted your online application and provided all the required documents, the app will assess your eligibility and creditworthiness using its proprietary algorithms. If you’re approved, the loan proceeds will be deposited directly to your nominated bank account within 24 hours. Digido also has a referral program that rewards both the borrower and the referrer with cash incentives for successful loan applications.
Conclusion
Borrowing money may not always be the best option, but when it’s necessary, these 5 legit online lending platforms in the Philippines can help you get the cash you need quickly and easily. Just remember to only borrow what you can afford to pay back, and to carefully read the terms and conditions of each loan agreement before signing up. With responsible borrowing habits, you can use these loans to your advantage and improve your financial situation.
7+ Fast Loans Online in the Philippines - First 0% loan in 15 minutes
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
728 daysRate ()
365.00% / yearLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
20000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
120 daysRate ()
0.00% / monthLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
no