Guide on Online Cash Loans in the Philippines & their Interest Rates
ONLINE CASH LOANS & THEIR INTEREST – Here are some of the online loans in the Philippines and their interest rates on borrowers.
Nowadays, you do not have to leave your workplace or cancel your other schedules so you can apply for a loan. Several lenders offer the loan application online to help provide financial solutions to many people.
In the Philippines, there are several online loans that you may apply for without leaving your workplace. Below are some of the legit offers with the easiet application processes:
Tala
- Loanable Amount
- Maximum Loanable Amount — ₱25,000
- Loan Term
- Maximum Loan Term — 61 days
- Interest Rate — 0.5% (daily flat fee)
You can apply to the Tala Cash Loan online in just four (4) easy steps. The offer is non-collateral the Tala Cash Loan service fee will depend whether you want a 20-day loan, a 30-day loan, or a 61-day loan.
JuanHand
- Loanable Amount
- Maximum Loanable Amount — ₱15,000
- Loan Term
- Maximum Loan Term — 3 months
- Interest Rate — 9% to 12%
Another popular online loan offer in the country is JuanHand’s. The JuanHand Cash Loan offer application process also requests for six (6) easy steps. It is one of the online offers that is usually advertised on YouTube videos aside from Tala’s offer.
Home Credit
- Loanable Amount
- Minimum Loanable Amount — ₱3,000
- Maximum Loanable Amount — ₱150,000
- Loan Term
- Minimum Loan Term — 6 months
- Maximum Loan Term — 60 months
- Interest Rate — starts at 1.83%
The Home Credit Cash Loan offer is open for previous and existing clients of the lender who have received an offer. The cash loan offer is usually extended to good-paying clients of the lender. It is very easy to apply to Home Credit Cash Loan and there are several options.
Aside from Home Credit, Tala, and Juanhand, there are other trusted and legit online lenders in the Philippines. Here is a summary of their cash loan offers:
Blend PH
- Loanable Amount
- Minimum Loanable Amount — ₱10,000.00
- Maximum Loanable Amount — ₱3 million
- Loan Term
- Minimum Loan Term — 2 months
- Maximum Loan Term — 12 months
- Interest Rate — 4.988%
Cash Mart
- Loanable Amount
- Minimum Loanable Amount — ₱3,000
- Maximum Loanable Amount — ₱30,000
- Loan Term
- Weekly, Bi-Weekly, or Monthly
- Interest Rate — 0.0571% per day | 20.8415% per year
First Circle
- Loanable Amount
- Minimum Loanable Amount — ₱250,000
- Maximum Loanable Amount — ₱20 million
- Loan Term – up to 12 months
- Interest Rate — 0.99% to 2.49%
ACOM
- Loanable Amount
- Minimum Loanable Amount — ₱3,500.00
- Maximum Loanable Amount — ₱500,000
- Loan Term
- Minimum Loan Term — 6 months
- Maximum Loan Term — 12 months
- Interest Rate — 4.988%
Radiowealth Finance
- Loanable Amount
- Minimum Loanable Amount — ₱10,000
- Maximum Loanable Amount — ₱3 Million
- Loan Term
- Minimum Loan Term — 3 months
- Maximum Loan Term — 36 months
- Interest Rate — depends on the lender’s approval
Online Loans Pilipinas
- Loanable Amount
- Minimum Loanable Amount — ₱1,000
- Maximum Loanable Amount — ₱7,000 for first-time borrowers, up to ₱30,000 for repeat borrowers
- Loan Term – starts at 10 days
- Interest Rate — no interest for first-time borrowers
SB Finance
- Loanable Amount
- Minimum Loanable Amount — ₱30,000
- Maximum Loanable Amount — ₱2 million
- Loan Term
- Minimum Loan Term — 2 months
- Maximum Loan Term — 48 months
- Interest Rate — 1.2% to 3.5%
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