Asteria Lending, a prominent financial institution in the Philippines, has been operating since 2016, offering reliable financial services to Filipinos. With nearly a decade of experience, Asteria Lending is a registered and certified company under the Securities and Exchange Commission (SEC), ensuring its legality and credibility in the financial sector. Customers can conveniently apply for loans through an online platform, receiving amounts up to PHP 50,000 with a daily interest rate as low as 0.2%.
Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in November 2024
| Rank | Lender Name & Application Link | Loan Amount | Loan Term | Interest Rate | Repayment | ID Required | Age Range | Special Feature |
|---|---|---|---|---|---|---|---|---|
| #1 |
SOSCREDIT |
₱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 |
| #2 |
CREDIFY |
₱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 |
| #3 |
CREZU |
₱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 |
| #4 |
FINBRO |
₱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 |
| #5 | CREDITIFY Apply Now |
₱1,000 – ₱25,000 | 1 – 180 days | 0.1% | Monthly or End of term | Only ID Card required | All accepted | Approve Bad credit |
| #6 | CASHSPACE Apply Now |
₱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 |
| #7 | DIGIDO Apply Now |
₱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 |
| #8 | KVIKU Apply Now |
₱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 |
| #9 | CASHEXPRESS Apply Now |
₱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 |
| #10 | MONEYCAT Apply Now |
₱500 – ₱20,000 | 7 – 180 days | 0% for first loan | End of term | Only ID Card required | 22 – 65 | Easy loan approval |
1. What is Asteria Lending?
Asteria Lending is a well-established financial service provider in the Philippines, known for its legal operations and SEC registration (Number: CS201603853). Since its inception, the company has specialized in offering personal and salary loans. Their online platform allows Filipinos to secure financial assistance ranging from PHP 2,000 to PHP 50,000, with flexible repayment terms varying from 30 to 120 days. This ease of access and flexibility makes Asteria Lending a popular choice among those in need of quick financial support.
2. Advantages of Asteria Lending
Asteria Lending has garnered positive reviews for several reasons:
- Legal Operation: Registered with the SEC, ensuring all operations are conducted legally and transparently.
- Ease of Registration: The online application process is straightforward, secure, and completed within three minutes.
- No Collateral or Income Proof Required: Applicants only need a valid ID to qualify; no additional income verification or collateral is necessary.
- Rapid Approval: Automatic approval is granted within 24 hours, with immediate disbursement following loan approval.
- Flexible Repayment: Options are available to extend the repayment period if needed.
- Privacy Assurance: Asteria Lending upholds a strict privacy policy, protecting personal information.
3. Disadvantages of Asteria Lending
While Asteria Lending offers many benefits, there are some drawbacks:
- Limited Borrowing Amount for New Customers: First-time borrowers can access up to PHP 10,000, which may be restrictive for some.
- Short-Term Loans: The loan period is relatively brief, which might not suit everyone’s needs.
4. Interest Rates and Fees
Asteria Lending charges an average interest rate of 0.2% per day. Additionally, there is a late payment fee of 5%. For first-time borrowers, the maximum loan amount is PHP 10,000. However, with a good repayment history, borrowers can access up to PHP 50,000. The available repayment terms include 30, 61, 75, 90, or 120 days.
Example Calculation: For a loan of PHP 30,000 over 90 days at an interest rate of 0.2% per day:
- Interest Payable: PHP 30,000 x 0.2% x 90 = PHP 5,400
- Total Amount Payable: PHP 30,000 + PHP 5,400 = PHP 35,400
5. Application Requirements
To apply for a loan with Asteria Lending, applicants must meet the following criteria:
- Citizenship: Filipino
- Location: Residing and working in Batangas, Metro Manila, Quezon, Pampanga, Bicol, or nearby cities
- Age: Between 21 and 60 years old
- Income: Minimum monthly income of PHP 10,000
- Identification: At least one valid ID (e.g., driver’s license, Philhealth ID, TIN ID, UMID)
- Bank Account: Must have an official bank account
6. How to Apply for a Loan
Applying for a loan with Asteria Lending is a simple, step-by-step process:
- Register an Account: Start by selecting your desired loan amount and limit. Fill in your personal details, including name, gender, phone number, email, and password to create an account.
- Provide Loan Details: Enter the loan amount, type, and term, and specify your bank account information.
- Submit Personal Information: Provide your full name, phone number, email, marital status, date of birth, address, length of residence, and an alternative contact number.
- Provide Employment Information: Include details such as your employer’s name, address, type of business, job role, working hours, salary, and pay date.
- Submit Application: Choose your preferred confirmation call time and submit your loan application. Await approval.
7. Customer Feedback
Asteria Lending is rated highly by customers, earning a 4-star rating for its flexible, safe, and swift loan services. Users appreciate the ease of borrowing and the speed of disbursement.
8. Repayment Methods
Repayments can be made through various payment channels, including Dragon Pay, 7-Eleven, GCash, PayMaya, LBC, Bayad Center, Cebuana Lhuillier, Super Malls, and Robinsons Malls. After receiving your loan, you will get an email with payment instructions, amounts, and deadlines.
9. Comparative Overview
Here’s a comparison of Asteria Lending with other financial services:
| Criteria | Asteria Lending | Ansi Cash Loan | Eastwest Personal Loan |
|---|---|---|---|
| Loan Limits | PHP 2,000 – 50,000 | PHP 1,000 – 20,000 | PHP 25,000 – 2,000,000 |
| Repayment Tenure | 30 – 120 days | 91 – 180 days | 12 – 36 months |
| Interest Rate | 0.2% per day | 0.09% per day | 1.79% per month |
| Age Requirement | 21 – 60 years old | 18 – 60 years old | 21 – 65 years old |
| Approval Time | 24 hours | 10 minutes | 2 – 3 days |
10. Customer Service
For any issues or inquiries, Asteria Lending’s customer service can be reached via:
- Address: Unit 305, 3/F, 6762 National Life Insurance Bldg., San Lorenzo, Ayala Ave., Makati City, Philippines
- Email: customerservice@asteria.com.ph
- Hotline: 0919.084.8290 or 0919.084.8276
- Landline: (02) 5318 8000
- Office Hours: Monday to Friday, 9 AM – 7 PM
11. Frequently Asked Questions
- Is Asteria Lending Legitimate? Yes, Asteria Lending Inc. is a legitimate financial company with SEC registration (CS201603853) and Certificate of Authority No: 1813. The company has served over 100,000 customers since its establishment.
- Is Asteria Lending Harassment-Free? Yes, Asteria Lending is known for its reputable and transparent operations. Customers confirm that the company does not engage in any form of harassment.
- How to File Complaints? For complaints or queries, customers can use the Contact Us section on Asteria’s website, call (02) 5318 8000, or email customerservice@asteria.com.ph during office hours.
12. Conclusion
Asteria Lending stands out as a reputable and legally compliant financial service provider in the Philippines, offering both personal and salary loans. With a straightforward online application process, quick approval, and flexible repayment options, it is a reliable choice for those needing immediate financial assistance.