15+ Legit Loan Apps With Low Interest Rate (2024)

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.

Don’t overlook:

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

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature
#1

SOSCREDIT
Apply Now

₱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
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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
#3

CREZU
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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
#4

FINBRO
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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
#5 CREDITIFY
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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
#6 CASHSPACE
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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
#7 DIGIDO
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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
#8 KVIKU
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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
#9 CASHEXPRESS
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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
#10 MONEYCAT
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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

10+ Legit Loan Apps: Empowering Borrowers with Low Interest Rates

  1. 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.
  2. 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).
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.

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