In today’s ever-evolving financial landscape, easy access to credit has become a fundamental aspect of individuals’ lives. Whether it’s to navigate unexpected emergencies, pursue educational aspirations, or fuel entrepreneurial ventures, the availability of loans with reasonable interest rates plays a pivotal role. Fortunately, the Philippines has witnessed a surge in the emergence of several credible loan applications that offer borrowers the opportunity to access funds without the burden of exorbitant interest rates. In this comprehensive article, we delve into the world of legitimate loan apps with low interest rates, shedding light on their features, benefits, and how they serve as reliable financial tools for the people of the Philippines.
Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in October 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 |
10+ Legit Loan Apps: Empowering Borrowers with Low Interest Rates
- AEON Credit Service is a Japanese financial services company that has been operating in the Philippines since 2006. They offer a variety of loans, including personal loans, car loans, and home loans. Their personal loans have interest rates starting at 2.25% per month, and the loan amount can be up to ₱1 million.
- Digido is a digital lending platform that was launched in 2020. They offer personal loans with interest rates starting at 11.9% per month, and the loan amount is ₱10,500 to ₱25,000. Digido is a subsidiary of the Philippine National Bank (PNB).
- UnaCash is a microlending app that was launched in 2019. They offer personal loans with interest rates starting at 0% per month for the first loan. The loan amount is ₱1,000 to ₱50,000. UnaCash is a subsidiary of the UnionBank of the Philippines.
- JuanHand is a microlending app that was launched in 2018. They offer personal loans with interest rates starting at 9% per month. The loan amount is up to ₱15,000. JuanHand is a subsidiary of the BDO Unibank.
- Cashwagon is a microlending app that was launched in 2015. They offer personal loans with interest rates starting at 12% per month. The loan amount is ₱500 to ₱25,000. Cashwagon is a subsidiary of the CIMB Bank Philippines.
- Tala is a microlending app that was launched in 2015. They offer personal loans with interest rates starting at 14% per month. The loan amount is ₱500 to ₱50,000. Tala is a global company that operates in over 20 countries.
- Other Loan Apps
|
Online Loan |
Interests |
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 |
CS20200000915 |
|
|
APR from 0% to 427% |
₱500 - ₱25,000 |
from 3 to 12 months |
18+ years |
43603085405 |
|
|
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 |
These are just a few of the many loan apps available in the Philippines. When choosing a loan app, it is important to compare the interest rates, loan amounts, and terms and conditions of different apps before you apply. It is also important to make sure that the app is legitimate and regulated by the Securities and Exchange Commission (SEC).
Benefits of Opting for Legit Loan Apps with Low Interest Rates
Attainment of Financial Tranquility
Opting for a loan app that offers low interest rates provides borrowers with a sense of financial tranquility. This assurance enables individuals to concentrate on their financial aspirations without the constant apprehension of escalating debt.
Cultivation of Responsible Borrowing Habits
Legitimate loan apps prioritize responsible lending practices. By providing loans with low interest rates, they facilitate an environment in which borrowers can effectively manage their debts, contributing to a healthier and more sustainable financial ecosystem in the Philippines.
Amplified Affordability
Low interest rates translate to affordable monthly payments, easing the financial strain on borrowers. With access to the funds they require, individuals can meet their needs without compromising their budgets or sacrificing essential expenditures.
Empowerment Through Education and Entrepreneurship
Legit loan apps that champion low interest rates empower Filipinos to invest in education or entrepreneurial pursuits that have the potential for long-term financial growth. With accessible financing, individuals are equipped to explore opportunities that may have otherwise remained beyond their grasp.
Conclusion
In the vibrant realm of financial solutions, legitimate loan apps with low interest rates emerge as beacons of hope for Filipinos seeking accessible credit. Through their unwavering commitment to transparency, affordability, and responsible lending, these apps contribute to a more robust financial landscape in the Philippines. As borrowers navigate the diverse financial challenges that life presents, they can rest assured that these platforms prioritize their best interests.
By providing the necessary support to realize their aspirations without the burden of excessive interest, these apps exemplify the true essence of financial empowerment. In the pursuit of a brighter financial future, these apps stand as trustworthy allies for Filipinos from all walks of life.