List of Online Loans Fast Approval 2024

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When faced with urgent financial needs, online loans have become a popular solution for individuals in the Philippines. These loans offer quick approval and convenient access to funds, making them an attractive choice for many. However, with numerous lenders available, it’s crucial to navigate the options carefully and compare their terms and conditions.

In this article, we present a comprehensive list of the top 10 online loans in the Philippines, highlighting their key features and benefits. By understanding the offerings and considering important factors, you can make an informed decision that aligns with your financial requirements. Whether it’s an unexpected expense or a pressing financial goal, these fast approval online loans can provide the support you need. Read on to explore the possibilities and choose the best online loan for your circumstances.


Mazilla Loan

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
MoneyCat Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

20000 ₱

Approval in

5 minutes

First loan free

no
Zaimoo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Binixo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
Digido Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no

Top 10 Online loans Fast Approval in the Philippines

Cashwagon Cash Loan

  • Same day approval
  • Valid ID is the only requirement
  • Instant disbursement to your bank account
  • Loan amount: Up to ₱20,000
  • Loan tenure: 1 month
  • Interest rate: 40% of the approved amount

Tala Philippines

  • Apply for a cash loan anytime, anywhere
  • Loan tenure: Up to 30 days
  • Loan amount: Up to ₱10,000
  • No minimum salary or processing fee required

Asteria Personal Loan

  • 1-day approval process
  • Instant disbursement to your bank account
  • Loan amount: Up to ₱20,000
  • Minimum salary requirement: ₱10,000 per month
  • Processing fee: 10% of the loan amount
  • Loan tenure: Up to 360 days

Citi Personal Loan

  • Loan approval up to ₱2,000,000
  • Interest rate: 26.90%
  • Monthly repayment: ₱21,150

SB Finance Personal Loan

  • Loan amount: Up to ₱2 Million
  • Interest rate: 22.68%
  • Monthly repayment: ₱20,447

Tonik Bank Multipurpose Big Loan

  • Borrow up to ₱2.5 million in just 7 days
  • Interest rate: 12.99%
  • Monthly repayment: ₱18,832

Home Credit Philippines

  • Loan amount: Up to P150,000
  • Approval in as fast as 1 minute
  • Application available through their app, partner stores, or telesales

Juanhand

  • Mobile app offering loans up to PHP 15,000
  • Suitable for borrowers with low credit scores
  • Lower interest rates compared to other lenders

Online Loans Pilipinas (OLP)

  • Mobile app offering loans up to PHP 25,000
  • Same-day approval for quick loan needs

Digido

  • Mobile app offering loans up to PHP 10,000
  • Lower interest rate for small loan amounts

When considering an online loan, it’s crucial to compare the terms and conditions of different lenders. Factors such as loan amount, interest rate, repayment period, and fees should be carefully evaluated. Additionally, ensure that the lender is licensed and regulated by the Securities and Exchange Commission (SEC) to guarantee their credibility and adherence to financial regulations.

Types of online loans available in the Philippines

There are many different types of online loans available in the Philippines, each with its own set of requirements and advantages and disadvantages. Here is a brief overview of some of the most popular options:

  1. Personal loans: Personal loans are the most common type of online loan. They are available from a variety of lenders, and the terms and conditions can vary widely. In general, personal loans require a good credit score and proof of income. The interest rates on personal loans can be high, but they can also be a good option for borrowers who need a large amount of money.
  2. Payday loans: Payday loans are short-term loans that are typically due on the borrower’s next payday. They are often used to cover unexpected expenses, such as car repairs or medical bills. Payday loans have high interest rates and fees, so they should only be used as a last resort.
  3. Installment loans: Installment loans are repaid over a set period of time, typically in monthly installments. They have lower interest rates than payday loans, but they also require a longer repayment period. Installment loans can be a good option for borrowers who need to borrow a large amount of money and can afford to make monthly payments.
  4. Credit card cash advances: Credit card cash advances are a way to borrow money against your credit card balance. They are typically available at a higher interest rate than regular credit card purchases. Credit card cash advances should only be used as a last resort, as they can be very expensive.

When choosing an online loan, it is important to compare the terms and conditions of different lenders. Some factors to consider include the loan amount, interest rate, repayment period, and fees. It is also important to make sure that the lender is licensed and regulated by the Securities and Exchange Commission (SEC).

The advantages and disadvantages of each type of online loan

Personal loans:

  • Advantages:
    • Available from a variety of lenders
    • Can be used for a variety of purposes
    • Can be repaid over a longer period of time
  • Disadvantages:
    • High interest rates
    • May require good credit
    • May have fees

Payday loans:

  • Advantages:
    • Quick and easy to get
    • Can be used for small amounts of money
  • Disadvantages:
    • High interest rates
    • Short repayment period
    • May have fees

Installment loans:

  • Advantages:
    • Lower interest rates than payday loans
    • Longer repayment period
    • May have lower fees
  • Disadvantages:
    • Can take longer to get approved
    • May require good credit

Credit card cash advances:

  • Advantages:
    • Convenient
    • Available immediately
  • Disadvantages:
    • High interest rates
    • May have fees

It is important to weigh the pros and cons of each type of online loan before choosing one. The best option for you will depend on your individual needs and circumstances.

Tips for getting approved for an online loan

To improve your chances of getting approved for an online loan, here are some helpful tips:

  1. Maintain a good credit score: A higher credit score increases your chances of securing a loan with a lower interest rate.
  2. Provide accurate and complete information: Furnish precise details on your loan application to expedite the lender’s credit assessment process.
  3. Prepare proof of income: Having documentation to verify your income will assist the lender in determining your repayment capacity.
  4. Present a valid ID: A valid identification document is essential for verifying your identity and ensuring a smooth application process.

By following these tips, you can enhance your prospects of obtaining approval for an online loan. Remember to carefully assess the terms, research the lender’s reputation, and ensure they are authorized by the SEC to make an informed decision that meets your financial needs.

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7+ Fast Loans Online in the Philippines - First 0% loan in 15 minutes

Finloo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Mazilla Loan

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
MoneyCat Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

20000 ₱

Approval in

5 minutes

First loan free

no
Zaimoo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
CashSpace Loan

Loan type

Short term

For a period of

120 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Binixo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
Digido Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
mr.cash loan Changed status to publish July 29, 2023