Loan online

Online loans are a great way to borrow money online in the Philippines that doesn't require a lot of time or formalities. Currently, there are a relatively large number of lenders in the Philippine credit market offering to borrow money quickly. To make the loan search process easier, we have compiled information about popular and affordable online loans available in the Philippines.

Comparing loans online

Why is online loan comparison important? Loan comparison is a great solution to get loan information online in seconds. Use loan comparison and find out the lender that offers the best loan offer with favorable repayment terms!

How to get a loan online in the Philippines?

Getting a loan will not be difficult and the process of receiving it will not take much time, because the whole process is done online. To get a loan:

• Compare loan offers, choose the one that suits you best and press the "Get a loan" button.
• After clicking on "Get a loan", you will be taken to the website of a specific lender, where you can fill out a loan application. Specify all the necessary information, make sure that all the data are entered correctly and submit the application.
• In case of a positive decision, you will receive a loan agreement. Read it carefully, sign it and get the loan amount in your bank account!

What are the requirements to be able to get a loan?

To get a loan in the Philippines, borrowers must meet certain requirements.

Loans are issued to persons who:

• are at least 20 years old,
• are citizens of the Philippines,
• are financially solvent, with official and regular income,
• have an email address and an active phone number,
• have a bank account in a Philippine registered bank.

Important to know before borrowing

Before you borrow - make sure that you will be able to repay the loan, because there are often situations in life when repaying loans can be troublesome!

Fill out the application carefully and accurately, because incorrectly filled out application will not be accepted!

Follow loan news and compare loans so that you are aware of the latest loan trends!

Read the terms of the contract carefully!

What can delayed payments lead to?

Borrowing should always be a responsible decision, so always keep an eye on your payment schedule. At the slightest suspicion of delay, contact the lender immediately to extend the payment period. If the loan is not repaid on time, the lender may charge a penalty of the total amount for each day of delay.

Maximum percentage interest rate (APR): 180%. Loan term: from 62 days to 12 months. Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%.

Myloans.ph is not a lender, but with us you can choose the best loan online as we provide data on licensed finance companies in the Philippines. Myloans.ph provides consumers with free information on the special terms of a lender's loan agreement and other relevant information.