Are you in need of financial assistance in Cebu City without the hassle of providing collateral? We’ve got you covered. CashExpressPH.com has meticulously researched and compiled the top 10 most reputable and fast-disbursing online loan support lenders in the Cebu City area. In this article, we will provide an in-depth analysis of each lending company, including loan terms, eligibility criteria, pros, and cons, to help you make an informed borrowing decision.
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 |
Summary of Lending Companies in Cebu City
Before diving into the specific lending companies, let’s establish a baseline understanding of what to expect from these institutions:
- Loan Amount: The loan amount typically ranges from 1,000 to 60,000 pesos.
- Age Requirement: Borrowers generally need to be between 18 and 60 years old.
- Loan Term: Loan terms can vary, spanning from 1 to 12 months.
- Pros: These lending companies offer online loan access in the Philippines with competitive interest rates.
- Cons: Keep in mind that service fees may apply, and it’s crucial to assess the effectiveness of each lender.
- Effectiveness Rating: On a scale of 1 to 10, with 10 being highly effective, the effectiveness rating for these lenders stands at 8/10.
- Bad Debt: Some lenders may be more accommodating towards borrowers with less-than-perfect credit histories.
Now that we’ve set the stage, let’s explore the top 10 lending companies in Cebu City offering online loans without collateral in 2024:
Top 10 Lending Companies in Cebu City Online Loan Without Collateral 2024
|
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 |
1. Digido – Lending Company in Cebu City with High Limit
Digido is renowned as a lending company in Cebu City that provides financial solutions through a reputable automated lending system. Key features of Digido’s offerings include:
- Loan Limit: Borrowers can access loans ranging from 500 to 25,000 pesos.
- Payment Terms: Digido offers flexible installment payment terms of 3, 4, 5, and 6 months.
- Interest Rate: The average interest rate is 11.9% per month, with a maximum APR of 143%.
- Eligibility: Digido extends its services to Filipino citizens aged 21 to 70.
- Pros: Digido’s strengths lie in its automated service, absence of collateral requirements, an impressive approval rate exceeding 90%, transparent fee structure with no hidden charges, rapid approval process, and super-fast disbursement.
- Cons: However, it’s important to note that Digido’s interest rates are relatively high.
- Efficiency Rating: Digido’s overall efficiency rating is deemed pretty good.
2. Finbro – Lending Company Cebu City Without Collateral
Finbro is a trusted lending company in Cebu City that operates without the need for collateral, boasting a high level of customer satisfaction. Here are the key details of Finbro’s services:
- Loan Amount: Finbro offers loans ranging from 1,000 to 50,000 pesos.
- Loan Term: Borrowers can choose repayment periods spanning from 1 to 12 months.
- Service Fee: Finbro charges a service fee of approximately 9% of the loan amount.
- Interest Rate: Interest rates vary from 0.5% to 1.25% per day.
- First-time Borrowers: New customers enjoy the privilege of borrowing up to 15,000 pesos at 0% interest.
- Eligibility: Finbro’s services are accessible to Filipino citizens aged 20 to 65 with stable income sources.
- Pros: Finbro’s strengths lie in its straightforward loan application process, speedy 10-minute application processing, same-day disbursement, and a relatively higher loan limit compared to other lenders.
- Cons: However, borrowers should be prepared for relatively high service fees.
- Efficiency Rating: Finbro’s efficiency rating is considered good.
3. Pesoredee – Cash Loans in Cebu City
Pesoredee is an SEC-registered cash loan provider in Cebu City, holding the registration number SEC CS201804564. Key highlights of Pesoredee’s services include:
- Loan Amount: Pesoredee offers loans ranging from 1,000 to 30,000 pesos.
- Loan Term: Borrowers can choose repayment periods spanning from 3 to 6 months.
- Interest Rate: Pesoredee charges an interest rate of 11.9% per month, with a maximum APR of 143%. Additionally, the first loan comes with an interest-free offer.
- Eligibility: Pesoredee’s services cater to Filipino nationals aged 22 to 70 with a bank account or e-wallet.
- Pros: Pesoredee distinguishes itself with its 24/7 customer support, including holidays, lightning-fast disbursement in as little as 5 minutes, the option to extend the payment period by 14 days, the requirement of only one valid ID, and a no-collateral policy.
- Cons: It’s important to note that Pesoredee’s interest rates are relatively high.
- Efficiency Rating: Pesoredee’s overall efficiency rating is considered pretty good.
4. Kviku Loan for Companies in Cebu City
Kviku operates as an online bank loan provider for companies in Cebu City. Here are the essential details of Kviku’s services:
- Loan Amount: Kviku offers loans ranging from 500 to 25,000 pesos.
- Interest Rate: The average interest rate is 0.16% per day.
- Loan Terms: New customers can access loan terms of up to 60 days, while existing customers can enjoy terms of up to 180 days.
- Eligibility: Borrowers eligible for Kviku’s services are Filipino citizens aged 20 to 55 with one valid ID and an active phone number.
- Pros: Kviku excels in offering a straightforward loan application process, 100% online registration, same-day approval and disbursement, and a transparent fee structure devoid of hidden charges.
- Cons: The limitation lies in the relatively short-term loan period.
- Efficiency Rating: Kviku’s overall efficiency rating is considered pretty good.
5. Loanonline – Cebu Lending Without Collateral
Loanonline distinguishes itself by providing a quick and easy way to compare OFW lending companies in Cebu City within just 2 minutes. Key features of Loanonline’s services include:
- Loan Amount: Borrowers can choose loan amounts ranging from 500 to 25,000 pesos.
- Loan Term: Loan terms are flexible, spanning from 91 to 180 days.
- Interest Rate: Interest rates vary from 0% to a maximum of 427%, and Loanonline does not charge a service fee.
- Eligibility: Loanonline assists Filipino customers over 18 years old.
- Pros: Loanonline’s strengths lie in its rapid loan comparison process, allowing borrowers to conveniently apply online anytime and anywhere.
- Cons: However, it’s important to note that Loanonline functions as a loan suggestion platform and does not directly provide loans.
- Effectiveness Rating: Loanonline’s effectiveness rating is classified as medium.
6. Soscredit – OFW Lending Companies for Personal Loans in Cebu
Soscredit stands out as one of the OFW lending companies in Cebu City that facilitates online lending services. Key details of Soscredit’s offerings include:
- Loan Amount: New customers can be approved for loans of up to 7,000 pesos at a 0% interest rate.
- Loan Term: Soscredit offers repayment terms spanning from 3 to 12 months, with an average APR of 143% and a maximum of 180%.
- Eligibility: Soscredit extends its services to customers aged 20 and over.
- Pros: Soscredit offers a swift review and disbursement process, along with incentives for new customers.
- Cons: However, borrowers should be prepared for relatively high loan interest rates.
- Effectiveness Rating: Soscredit’s effectiveness rating is classified as medium.
7. Moneycat – Cebu Lending Corporation
Moneycat operates as a Cebu lending corporation, providing super-fast online cash loans within just 5 minutes. Key features of Moneycat’s services include:
- Loan Amount: Borrowers can access loan amounts ranging from 500 to 20,000 pesos.
- Loan Term: Loan terms span from 3 to 6 months.
- Interest Rate: The interest rate applied is 11.9% per month, with a maximum APR of 145%. Overdue interest incurs an additional 3% per day.
- Eligibility: Moneycat’s services are available to Filipino citizens aged 22 or older with stable income, one valid ID, and a genuine bank account.
- Pros: Moneycat excels with its simple loan process, rapid 5-minute disbursement, and professional support staff.
- Cons: The interest rate offered by Moneycat is relatively high.
- Effectiveness Rating: Moneycat’s effectiveness rating is classified as pretty good.
8. Unacash – Cebu Lending Companies with Expedited Disbursement
Unacash is a financing company in Cebu that offers individual cash loans requiring only one valid ID. Key highlights of Unacash’s services include:
- Loan Amount: Unacash offers loans ranging from 1,000 to 50,000 pesos.
- Loan Term: Borrowers can choose loan terms spanning from 2 to 6 months, with an APR interest rate of approximately 194% per year.
- Eligibility: Unacash supports borrowers aged 18 and over, provided they possess one valid ID.
- Pros: Unacash offers online loans with a simple application process and multiple payment methods.
- Cons: However, borrowers should be aware of the relatively high interest rates.
- Effectiveness Rating: Unacash’s effectiveness rating is classified as good.
9. Zaimoo – Cash Loan in Cebu for Bad Credit
Zaimoo stands out as one of the best Cebu lending companies, providing instant help, personal loans in the Philippines, and long-term financial solutions. Key features of Zaimoo’s services include:
- Loan Amount: Borrowers can apply for loans ranging from 1,000 to 25,000 pesos, with some cases allowing for up to 40,000 pesos.
- Loan Term: Loan terms range from 2 months to 60 months, with interest rates varying from 11.9% to 365% per year.
- Eligibility: Zaimoo’s lending services are open to Filipinos aged 18 and older.
- Pros: Zaimoo specializes in online loans, fast disbursement, and extended installment periods.
- Cons: Borrowers should be prepared for relatively high interest rates.
- Effectiveness Rating: Zaimoo’s effectiveness rating is classified as pretty good.
10. Binixo – Cebu Financing Companies
Binixo is one of the reputable Cebu financing companies, offering fast and legally compliant loan disbursement. Key details of Binixo’s services include:
- Loan Amount: Binixo provides loans ranging from 1,000 to 25,000 pesos.
- Loan Term: Loan terms span from 3 to 12 months.
- Annual Loan Interest Rates: Binixo’s interest rates vary from 4% to 916%, with the first loan offering a preferential interest rate of 0.01%.
- Eligibility: Binixo caters to customers over 18 years old.
- Pros: Binixo offers a swift 15-minute approval process, 24/7 access to fast loans, and preferential rates for first-time borrowers.
- Cons: However, borrowers should be aware of the relatively high interest rates and relatively lower loan limits.
- Effectiveness Rating: Binixo’s effectiveness rating is classified as pretty good.
Which Lending Company in Cebu City to Choose?
With a plethora of lending options available, you might be wondering which lending company in Cebu City best suits your needs. To assist you in making an informed decision, we’ll provide some guidance on choosing the right lender for your circumstances.
When confronted with urgent financial requirements, consider the following options:
- Finbro and Unacash: These lenders stand out due to their relatively high loan limits, which can extend up to 50,000 pesos. Additionally, they require only one valid ID from borrowers aged 18 and above.
- OFW Lending Companies: If you are an Overseas Filipino Worker, exploring lending options catering specifically to OFWs might be beneficial. These lenders often understand the unique financial needs of OFWs.
Ultimately, the choice of a lending company in Cebu City should align with your financial goals and capabilities. Conduct thorough research, compare the terms offered by different lenders, and ensure that the lender’s policies and loan terms suit your specific requirements.
Conclusion
The availability of lending companies in Cebu City without collateral requirements provides valuable financial assistance to individuals facing unforeseen expenses. By considering the information presented in this comprehensive review, you can make a well-informed decision and access the financial support you need in a hassle-free manner. Remember to exercise responsible borrowing and ensure that the loan you choose is within your means to repay.