Online Loan Philippines 24/7 – Only Need ID Card

What is online loan? Are you in need an urgent cash to deal with important things?

Are you also afraid to borrow money from your friends and relatives?

You can completely borrow money online fastest within the day without any fees or interest!

Borrowing money online is the best way at the moment to help you solve your financial worries immediately. Not only that, you also get 0% interest & fees for the first loan, and the online loan procedure is extremely easy.

What is online loan?

Quick loan online, also known as online loan, borrowing money with only ID card, borrowing money without collateral, borrowing money without meeting is the peer-to-peer lending model (P2P lending) that just appeared in Philippines in the years recently, but quickly popularized and accepted by many people.

philippines-online-loan

Quick loans online help borrowers to solve financial difficulties in a short time, with very simple procedures (Just need ID card, phone number, bank account) with time Quick disbursement (5 minutes – 24h) This is a form of online loan without meeting, no mortgage of assets, no assessment of ability to repay. Applying for a 100% online loan, borrowers do not need to go to the finance company to complete loan procedures and review.

Accordingly, borrowers only need to provide all required information via the lender’s website / app to quickly borrow from 5.000 – 25.000 PHP. Once approved, the loan will be transferred directly to the borrower’s bank account.

Found 5 fast online loan fit your demand

Tips: You can register multiple services to improve approval rate!

digido

Robocash PH (now DiGiDo)
Loan up to PHP 10,000

Amounts

25.000

PHP

Interest

20%

year

Get money now
moneycat-philippines-1

Moneycat PH
0% interest for first loan!

Amounts

20.000

PHP

Interest

22%

year

Get money now
Cashexpress-logo

CashXpress PH
Fast and safe!

Amounts

20.000

PHP

Interest

22%

year

Get money now
olp

Online Loans Pilipinas
Get the first loan for free!

Amounts

20.000

PHP

Interest

22%

year

Get money now
kviku-philippines-1

Kviku PH
Easy process, disburse quickly!

Amounts

20.000

PHP

Interest

21%

year

Get money now
juanhand-ph

JuanHand PH App (Android)
Best loan app

Amounts

12.000

PHP

Interest

20%

year

Get money now

Benefit of online loan

Simple loan terms & procedures

Online loans are popular with many people because the loan terms and loan procedures are very simple. Most lenders only require customers who are Filipino citizens aged 18-60 years old, with a valid ID card to apply for a loan.

Quick review and disbursement

The loan approval process is very fast (usually only 5-30 minutes) and you will receive the money after only 30 minutes after the application is approved and no later than 24 hours. How fast or slow the disbursement will be will depend on the bank in which you open the account.

Save time

Because this is a 100% online loan, borrowers only need a Laptop / smartphone with internet connection to apply for a loan. No need to waste time and effort going to the bank / credit institution to apply for a loan.

0% interest rate when apply

Most online lending companies have a 0% interest and fee incentive program for customers who register for the first loan for a certain period of time (from 7-10 days).

Loan limit and loan period

With a low loan limit (from 5.000-25.000 PHP), a loan period of 7-30 days, this form of loan is only suitable for customers who need to borrow a small amount of money in a short time and have the ability to pay pay the loan on time.

Interest rates

Because this is a form of unsecured loan, the borrower only needs to provide ID card to register for a loan. Borrowers do not need to prove their income, so this form of loan has a higher interest rate than other unsecured loans.

Condition to have online loan

Have online loan with 3 easy conditions

  • Valid ID: Provide valid ID with clear information
  • Filipino Residents: Filipino Residents with age 20-70 and have stable job
  • Have bank card: Any VISA, bank card, atm card have your name

Process to register cash loan

5 easy steps to have online loan at fastloans.ph

  • Select products: Choose a online loan product that meets the conditions and needs on fastloans.ph
  • Complete loan application: Fill out the application form for loan application, take a personal photo with your ID Card.
  • Receive review results: Receive notification of loan approval result via SMS or Email within minutes.
  • Loan disbursement: After the loan application is approved. The money will be transferred to your bank account.
  • Loan payment: Loan payment via bank transfer, e-wallet or collection points.

See also: Robocash online loan – How to get cash in 15 min

Advantages of quick online loan

The convenience and simplicity are the advantages of 24-hour online loans at financial institutions. With fast online loan, you just need to sit at home and use the smartphone directly registered on the phone, receive money very quickly in just 15 minutes. In addition, the online loan application – websites with loan procedures are also extremely simple, just need an ID card or ID card to borrow. Some online loan apps also support 0% interest rate for the first loan and interest rate incentives for old customers to repay well.

Disadvantages of quick online loan

Online quick loan forms require simple procedures, no need to prove income, so the loan limit is not high, up to only 25k PHP. Short loan period of only 7 – 90 days is also an advantage of online loans.

Top 5 online loan service in Philippines

digido

Robocash PH (now DiGiDo)
Free loan up to PHP 10 000, for each new client!

  • 21-70 years old
  • Loan term 10-30 days
  • Only need valid ID, disburse in 24h More info

Amounts

25.000

PHP

Interest

20%

year

Get money now
moneycat-philippines

Moneycat PH
Free loan up to PHP 10 000, for each new client!

  • 22-70 years old
  • Loan term 7-30 days
  • Only need valid ID, disburse in 24h More info

Amounts

22.000

PHP

Interest

22%

year

Get money now
Cashexpress-logo

CashXpress PH
Fast and safe!

  • 21-50 years old
  • Filipino citizen
  • Currently employed More info

Amounts

25.000

PHP

Interest

20%

year

Get money now
online-loans-pilipinas_1

Online Loan Pilipinas (OLP)
Get the first loan for free!

  • 22-70 years old
  • Loan term 10-30 days
  • Only need valid ID, disburse in 120' More info

Amounts

20.000

PHP

Interest

22%

year

Get money now
kviku-philippines-1

Kviku PH
Easy process, disburse quickly!

  • 21-70 years old
  • Loan term 10-30 days
  • Only need valid ID, disburse in 60' More info

Amounts

20.000

PHP

Interest

21%

year

Get money now
juanhand-ph

Juanhand PH (Android)
Best loan app!

  • 20-60 years old
  • Filipino citizen
  • Have 1 government-issued ID More info

Amounts

12.000

PHP

Interest

20%

year

Get money now

What should be noted when borrowing money online?

Although it brings many benefits to borrowers, online loans also inject hidden risks that borrowers need to pay attention to before borrowing.

Be careful when providing information

Most online lending websites / apps require borrowers to provide personal information such as phone numbers, facebook, zalo, relatives’ phone numbers … to perform debt reminder / collection operations when debt arises. term. Therefore, borrowers need to be careful when providing information so that it does not affect themselves, family and friends.

Research carefully the interest rates and fees when borrowing

In addition to interest rates, lenders also charge consulting fees, loan management fees, etc. Therefore, borrowers need to find out how much money they have to pay in total before agreeing to a loan.

Consider your ability to repay

Although this is a small-value loan, the borrower should consider and calculate to ensure the ability to repay the loan on time, to avoid incurring overdue penalty fees.

Frequently asked questions about online loan

What is online quick loan?

Quick loan or online loan is a form of unsecured loan that only requires ID card, phone number, bank account number with fast disbursement time (within 5 minutes to 24 hours).


Is online loan is a scam?

Online instant loan websites / applications introduced on Loans Online are deployed by banks or  financial companies with business license.
The Online loan applications introduced in this article have been selected among dozens of Online loan applications in Philippines. And all are reputable quick loan support applications from financial institutions, with the simplest and fastest disbursement records available today.
So based on which criteria to evaluate a reputable online loan application or not?
– Always disclose interest rates, installment period and be transparent about the loan and service fees.
– Clear company and developer information.
– There are channels for receiving information and taking care of customers 24/24 through hotline phone numbers. All customer service requests and questions are clearly answered.
– Diversified payment methods by reputable collection partners.
– A clear, well-informed consultant who always assists customers with all inquiries when applying for a loan online

When should I register online loan?

When you cannot borrow from the bank because you have too much loan or have bad debt.
When the amount you need is not much and needs in a short time.
When you do not have enough bank loan documents.
When you are unable to borrow from friends or family members.

Can I register loan if I have bad dept?

Loan websites / apps introduced on Loans Online all support loans to people with bad debts on CIC.

What are the terms of online quick loan?

To get the loan you must be a Philippines citizen between the age of 18 – 70 years old, have a valid ID card, phone number and a bank account to disburse.

How long is the loan period?

Loan period from 7 days to 6 months

What is the interest rate?

The interest rate for fast loan online is from 10-22% / year. However, online fast money lenders often split interest rates into consulting fees, application processing fees and interest rates, so you should thoroughly research your monthly payment amount before borrowing.

Which documents I need to provide to apply loan?

Valid ID card, passport, phone number and bank account for disbursement. In addition, some units also require proof of income if any.

Which provinces support online loan?

Loan service introduced on fastloans.ph support loans in most provinces in Philippines.

Can I register more than one loan service at a time?

You can completely apply for many loan services at the same time if you can ensure the ability to repay, and meet the loan conditions from your lenders.

Is it OK to borrow money online without repay?

With the current loan service, from the start to disbursement time, often lenders do not have a proper loan agreement (with red mark). All loan information is shown in the loan terms only, so you will not get involved in a criminal offense or go to jail.
However, if customers do not pay their debts, customers will be called or annoyed by lending organizations or text messages to themselves or their friends and relatives.

Where to pay the loan?

You can pay through an e-wallet, online banking (internet baking or mobile banking) or you can go to any bank closest to you to make payment. Details will be notified when you apply for a loan.

Can I pay the loan early?

Customers can pay the loan early without incurring any other fees or penalties.

Late payment loan (past due) is OK?

For the most convenience you should pay the loan on time. In case of late payment, late payment fee will apply.

Can I cancel my loan application before I receive the money?

You can cancel your loan application at any time before signing the contract. Because after signing the contract, the loan amount will be disbursed immediately. In this case, you can only pay the full balance (including principal + service fees and interest).

Found 5 fast online loan fit your demand

Tips: You can register multiple services to improve approval rate!

digido

Robocash PH (now DiGiDo)
Loan up to PHP 10,000

Amounts

25.000

PHP

Interest

20%

year

Get money now
moneycat-philippines-1

Moneycat PH
0% interest for first loan!

Amounts

20.000

PHP

Interest

22%

year

Get money now
Cashexpress-logo

CashXpress PH
Fast and safe!

Amounts

20.000

PHP

Interest

22%

year

Get money now
olp

Online Loans Pilipinas
Get the first loan for free!

Amounts

20.000

PHP

Interest

22%

year

Get money now
kviku-philippines-1

Kviku PH
Easy process, disburse quickly!

Amounts

20.000

PHP

Interest

21%

year

Get money now
juanhand-ph

JuanHand PH App (Android)
Best loan app

Amounts

12.000

PHP

Interest

20%

year

Get money now

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