Review of 0 Interest Loan Apps in the Philippines for 12 Months (2024)

In the ever-evolving landscape of financial services, the Philippines has witnessed a surge in innovative lending solutions. Among these, 0 interest loan apps have gained significant prominence, offering Filipinos a unique opportunity to access loans without incurring any interest on their initial borrowing. This review will delve deeper into these 0 interest loan apps, offering a comprehensive analysis of their offerings, advantages, disadvantages, eligibility criteria, and step-by-step application procedures.

Don’t overlook:

Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in July 2024 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval

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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

Summary of Online Loans with 0 Interest First Loan

0 interest loan apps have ushered in a novel era of borrowing in the Philippines. Here is a snapshot of their key features:

  • Loan Amount: These apps typically offer loan amounts ranging from 5,000 to 65,000 pesos, making them suitable for a variety of financial needs.
  • Age Requirement: Borrowers must be between 18 and 60 years old, ensuring accessibility to a broad range of individuals.
  • Loan Term: The loan term varies from 1 month to 12 months, allowing flexibility in repayment.
  • Interest Rate: The standout feature of these apps is the 0% interest rate for the first loan, offering significant cost savings to borrowers.
  • Pros: The primary advantage of these loans is the absence of interest, making them an attractive option for those seeking affordable credit.
  • Cons: On the flip side, these apps may have limitations in terms of credit limits, which might not cater to substantial financial requirements.
  • Effectiveness: In terms of effectiveness, these apps perform admirably, especially for those who meet the eligibility criteria.
  • Bad Credit: Importantly, some of these apps are lenient toward borrowers with less-than-ideal credit histories, providing a lifeline to those who may have struggled with traditional lenders.

Understanding 0 Interest Loan Apps

To comprehend the significance of 0 interest loan apps, it’s crucial to grasp their fundamental workings. These apps represent a paradigm shift in the lending industry in the Philippines by offering:

  • Fast Loans: These apps streamline the borrowing process, making it swift and hassle-free.
  • Simplicity: The procedures are simple and require minimal documentation.
  • Online Registration: Borrowers can apply online, anytime and anywhere, with just a phone or computer and an internet connection.
  • Exemption for First-Time Borrowers: A key selling point is that first-time borrowers are exempt from interest and fees, a feature that sets these apps apart from traditional lenders.

Benefits of Online Loans with 0 Interest

The advantages of utilizing 0 interest loan apps are numerous:

  • Quick Access to Cash: These apps offer rapid access to funds, making them ideal for financial emergencies.
  • Simplified Procedures: The application process is straightforward, often requiring only a single valid ID.
  • No Guarantor or Collateral Required: Borrowers are not burdened with the need for financial proof or a guarantor, and there’s no requirement to collateralize valuable assets.
  • 24/7 Online Registration: The convenience of 24/7 online registration, accessible via phone or computer, ensures borrowers can apply at their convenience.
  • 0% Interest for First Loan: First-time borrowers enjoy the remarkable benefit of a 0% interest rate for their initial loan.
  • Guaranteed Legitimacy: These apps are typically legitimate, SEC-registered entities, providing borrowers with peace of mind regarding the legitimacy of their financial transactions.
  • Fast Disbursement: Loans are disbursed quickly, often on the same day as approval.

Drawbacks of 0 Interest First Loans

While 0 interest loans offer substantial advantages, borrowers should also be aware of their limitations:

  • Limited Loan Amounts: These apps may not cater to borrowers seeking substantial loan amounts.
  • Short Loan Terms: Some online loan apps that extend the repayment period might impose higher interest rates, additional service fees, and penalties for late payments.

Criteria for Evaluating 0 Interest Loan Apps

When selecting a 0 interest loan app, borrowers should consider several key criteria, including:

  • Legitimacy: Ensure that the app is registered with the Securities and Exchange Commission (SEC), a hallmark of legitimacy.
  • Contact Information: Verify the app’s contact information, including email, phone number, and physical address.
  • Interest Rates and Service Charges: Thoroughly understand the app’s interest rates and any associated service charges.

How 0 Interest Loan Apps Work

0 interest loan apps typically offer preferential terms for first-time borrowers. Here’s how they typically operate:

  • 0% Interest for First Loan: New borrowers are offered a 0% interest rate for their first loan, making it a cost-effective option.
  • Interest Based on Credit Record: Subsequent loans are charged interest based on the borrower’s credit record, usually around 0% per month (APR 143%).
  • Example: To illustrate, if a customer applies for a loan for the first time, they might receive 5,000 pesos with a 0% interest rate for 7 days, meaning they only need to repay 5,000 pesos at the end of the 7-day period. If they require additional loans, the interest rate may vary based on the loan terms and amount.

0 Interest Loan Requirements

The requirements for applying for a 0 interest loan app are simple and borrower-friendly, making them suitable for those in urgent need of financial assistance:

  • Conditions: Borrowers must be Filipino citizens aged at least 18, legally accountable, and capable of meeting their obligations.
  • Stable Income: Most lending companies in the Philippines require borrowers to have a stable source of income to ensure they can repay the zero-percent interest loan.
  • Valid Contact Information: Borrowers should have an unblocked phone number and a bank account or e-wallet.
  • Application Procedure: The application process is typically straightforward, involving filling out personal information accurately on the lender’s registration page, verifying ID information with a photo, and confirming loan registration via an OTP code sent to a phone message.

Limit and Term of First Loan 0 Interest

The limits and terms associated with 0 interest loans vary:

  • Limits: Initial loan limits are relatively low, usually ranging from 500 to 15,000 pesos. However, borrowers with a good credit history may be eligible for repeat loans of up to 50,000 pesos.
  • Loan Tenor: Loan terms for zero-interest online loans in the Philippines typically range from 1 to 12 months. The first interest-free loan is usually limited to a term of 7-30 days.

Comparison of Online Loans Philippines 0 Interest

When evaluating online loans in the Philippines with zero interest, you can consider the following options: Finbro, Cashexpress, and Acom Loan. Here’s a comparison of their key features:

  1. Loan Limit:
    • Finbro: Offers loan limits ranging from 1,000 to 50,000 pesos.
    • Cashexpress: Provides loan amounts between 1,000 and 20,000 pesos.
    • Acom Loan: Offers loan limits from 5,000 to 500,000 PHP.
  2. Loan Term:
    • Finbro: Allows you to choose repayment terms between 1 and 12 months.
    • Cashexpress: Offers a slightly longer loan term range of 7 to 14 months.
    • Acom Loan: Provides loan terms spanning from 6 to 10 months.
  3. Interest Rate:
    • Finbro: Features a zero interest rate on their loans.
    • Cashexpress: Offers zero-interest online loans.
    • Acom Loan: Provides loans with no interest charges.
  4. Approval Time:
    • Finbro: Boasts a speedy approval process, with decisions typically made within 5 minutes.
    • Cashexpress: Aims to provide approval within 10 minutes.
    • Acom Loan: Offers a relatively quick approval time, with decisions usually made within 15 minutes.

How to Register for 0 Interest Loan Apps

Registering for a 0 interest loan app is a straightforward process. Here’s a step-by-step guide:

  • Step #1: Learn and Choose a Loan: Begin by researching the available 0 interest loan options to find one that suits your financial needs and capabilities.
  • Step #2: Visit the Homepage: Go to the loan application page of the chosen 0 interest loan app, select the desired loan limit and term, and fill in your personal information, including your full name, date of birth, address, email, phone number, ID number, job, income, reference, and bank account number.
  • Step #3: Provide Photo ID: Take a clear photo of a valid ID to verify your registration information.
  • Step #4: Confirm the Loan Request: Confirm your loan request by entering the OTP code sent to your phone via SMS and submit your loan application.
  • Step #5: Wait for Approval and Disbursement: The system will automatically approve and disburse the loan within minutes, transferring the funds directly to your registered bank account.

Top 10 Best 0 Interest Loan Apps in the Philippines 2024

Here is a list of the top 0 interest loan apps in the Philippines for 2024:

Online Loan
Loan Amount
Loan Term
Borrower Age
SEC License
APR 143%
₱1,000 - ₱25,000
from 3 to 6 months
21 -  70 years
SEC Registration No. 202003056. Certificate of Authority No. 1272
APR 145%
₱500 - ₱20,000
from 3 to 6 months
22+ years
Certificate of Authority To Operate Number: 1254
from 0%
₱1,000 - ₱20,000
from 10 days
22 - 70 years
Registration № CS201726430, CA №1181
0.16% per day
₱500 - ₱25,000
from 2 to 6 months
20 - 55 years
SEC Registration No. CS201918702. Certificate of Authority No. 3169, NPC Registration No. PIC-001-791-2021
APR 84%
₱5,000 - ₱50,000
from 6 to 24 months
18+ years
APR 365%
₱1,000 - ₱20,000
7 or 14 days
18+ years
Company Registration No. CS201951088 and Certificate of Authority No. 2918
₱5,000 - ₱25,000
from 6 to 12 months
18 - 68 years
Reg No. CS201602333
APR 143%
₱1,000 - ₱20,000
22 - 70 years
Registration № CS201804564
APR from 0% to 427%
₱500 - ₱25,000
from 3 to 12 months
18+ years
Latvian business number 43603085405
APR from 4% to 916%
₱1,000 - ₱25,000
from 3 to 12 months
18+ years
from 0%
₱1,000 - ₱50,000
up to 12 months
20 - 65 years
SEC Registration No. CS201908275 SEC Certificate of Authority No. 2990
APR from 30% to 365%
₱500 - ₱25,000
from 91 days to 2 years
18+ years
from 0%
₱1,000 - ₱25,000
18 - 70 years
registration number: 14523902
from 0%
₱1,000 - ₱25,000
18+ years
registration number: 14523902
APR from 4% to 916%
₱1,000 - ₱25,000
from 30 days
18+ years
1.3% per day
₱1,000 - ₱30,000
from 30 days
20 - 65 years
APR from 0% to 427%
₱500 - ₱25,000
from 3 to 12 months
18+ years
APR 180%
₱1,000 - ₱25,000
from 3 to 12 months
20+ years
APR up to 180%
₱1,000 - ₱25,000
from 3 to 12 months
20+ years

Each app is accompanied by a detailed description, including loan terms and pros and cons.

FAQs – Zero-Interest Loan App for Your First Loan in the Philippines

Explore the answers to common queries regarding the zero-interest online loan:

What Does Zero Interest Mean?

A zero-interest loan, often referred to as a zero-interest loan in the Philippines, is a type of borrowing where the borrower is exempt from paying any interest on the loan amount. Essentially, the repayment amount covers only the initial borrowed capital.

Can I Secure a Personal Loan with Zero Interest?

The opportunity to acquire an interest-free personal loan may arise if you meet certain conditions, such as maintaining a good credit score to demonstrate your ability to repay the loan. Some banks may exclusively extend interest-free loans to new customers applying for their initial loan for a brief period.

How Do Zero Interest Loans Operate?

Zero-interest online loans in the Philippines function by providing a sum of money without imposing any interest charges. However, it’s important to note that interest-free loans are typically available for a limited duration. To access this financial option, borrowers must submit a loan application along with the required personal information for financial assessment.

Is a Zero Interest Rate Beneficial?

Zero-interest loans come with several advantages, including swift and hassle-free loan processing, a straightforward application procedure, zero interest and fees for the first loan, and same-day disbursement. Nevertheless, borrowers should also take into account that loan limits might not be very high, repayment terms are relatively short, and there may be additional service fees, application processing fees, and late payment charges to consider.


0 interest loan apps have revolutionized the lending landscape in the Philippines, providing a valuable and cost-effective financial lifeline for borrowers. Apps like Finbro and Cashexpress stand out for their high loan limits, favorable interest rates, automatic approval processes, and swift disbursements.

However, it’s imperative for borrowers to carefully consider their specific financial needs and repayment capabilities when selecting the most suitable 0 interest loan app. These innovative solutions have not only simplified the borrowing process but have also opened up new avenues for financial inclusion, catering to a wide spectrum of borrowers across the Philippines.

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