Finding the best lending company in Manila, Philippines, is a crucial task for anyone in need of financial assistance. With numerous options available, it’s essential to choose a reliable lender that offers low-interest rates and flexible terms. In this article, we will explore the top 10 lending companies in Manila and Makati City, specifically catering to OFWs (Overseas Filipino Workers). We will assess their loan offerings, eligibility criteria, pros, and cons to help you make an informed decision.
Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in December 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 Online Lending Companies in Manila
Before diving into the specifics of each lending company, let’s establish some general parameters for these online lenders:
- Loan Amount: Ranging from 1,000 to 60,000 pesos.
- Age Requirement: Typically, borrowers must be between 18 and 60 years old.
- Loan Terms: Vary from 1 to 12 months.
- Pros: These lenders do not require collateral, and they offer competitive low-interest rates.
- Cons: Some may have service fees.
- Effectiveness: Overall effectiveness rated at 8/10.
- Bad Credit: Many of these lenders are open to borrowers with less-than-perfect credit histories.
Top 10 Online Lending Companies in Manila without Collateral and Low Interest (2024)
Below is a list of the top lending companies in Manila and Makati City, offering loans without the need for collateral and with low-interest rates:
| Company’s Name | Types of Loan | Link to Register |
|---|---|---|
| Crezu | Lending company in Metro Manila with low-interest rates | APPLY NOW |
| Moneycat | Lending company in Manila without collateral | APPLY NOW |
| Digido | Legit lending company in Makati City | APPLY NOW |
| Soscredit | Lending company for OFWs in Manila | APPLY NOW |
| Cash-Express | Lending service in Manila Area | APPLY NOW |
| Finbro | Lending companies for personal loans in Manila | APPLY NOW |
| Pesoredee | Loan for table for 5 years for Manila teachers | APPLY NOW |
| Kviku | Personal loan in Manila | APPLY NOW |
| Binixo | APPLY NOW | |
| Zaimoo | APPLY NOW |
Now, let’s delve deeper into each lending company:
Crezu – Lending Company in Manila
Crezu stands out as a lending company in Manila that facilitates loan comparison within just 2 minutes. Borrowers can apply for loans ranging from 1,000 to 25,000 pesos, with terms extending from 61 to 120 days. The APR interest rates vary between 12% and 36%, and there are no service fees. Crezu is open to Filipino citizens aged 18 to 70.
Pros:
- No income verification required.
- High approval rate (over 94%).
- Fast approval process (average of 14 minutes).
Cons:
- Acts as an intermediary lender, not a direct lender.
- Effectiveness rating: Medium.
Moneycat – Lending Company in Manila
Moneycat is a reputable lending company in Manila that offers online cash loans. They provide credit lines ranging from 500 to 20,000 pesos, with repayment terms spanning 3 to 6 months. New customers enjoy the first loan interest-free, with subsequent loans incurring an average interest rate of approximately 11.9% per month. Moneycat caters to individuals aged 22 to 60 with stable incomes.
Pros:
- Simple loan procedures.
- Fast disbursement.
- Professional support staff.
Cons:
- Limited loan amount.
- High-interest rates.
- Not suitable for housing loans.
- Effectiveness rating: Pretty good.
Digido – Legit Lending Company in Manila
Digido is a legally operating lending company in Manila with low-interest rates, specializing in automated financial solutions. Borrowers can access loans ranging from 500 to 25,000 pesos, with terms of 3 to 6 months and an interest rate of 11.9% per month. First-time borrowers can avail themselves of up to 10,000 pesos interest-free for 7 days. Digido targets Filipino citizens aged 21 to 70.
Pros:
- 24/7 support.
- Easy loan application.
- Instant approval.
- No collateral or guarantor required.
- Flexible repayment methods.
Cons:
- High-interest rates.
- Effectiveness rating: Pretty good.
Soscredit – Manila Easy Loan Lending Company
Soscredit is one of Manila’s easy lending companies, offering loans without the need for a guarantor. Loan limits range from 1,000 to 25,000 pesos, with repayment periods spanning from 3 to 12 months. New customers can borrow up to 7,000 pesos interest-free for 62 days. The average APR interest rate is 143%, with a maximum of 180% per year. Soscredit is accessible to individuals aged 20 to 70, with loan payments not exceeding 40% of their income.
Pros:
- Easy and fast loan approval.
- Flexible payment methods.
- Fast disbursement (within 15 minutes).
Cons:
- High-interest rates.
- Effectiveness rating: Pretty good.
Cash-Express – Top Loan Lending Companies in Manila
Cashexpress is one of the most prestigious lending companies in Manila, offering quick financial solutions with a valid government-issued ID as the only requirement. First-time borrowers can secure loans ranging from 1,000 to 10,000 pesos with a 0% interest rate for 7 days. Subsequent loans can go up to 20,000 pesos, with repayment periods of 7 to 14 days. Loan interest rates range from 1% to 1.99% per day. Cashexpress serves Filipinos aged 21 to 70.
Pros:
- Easy to borrow and approve.
- Flexible installment options.
- Fast disbursement (within 5 minutes).
Cons:
- Short loan period.
- Effectiveness rating: Pretty good.
Finbro – Lending Companies for Personal Loans in Manila
Finbro is a highly reputable lending company for personal loans in Manila, boasting a 98% customer satisfaction rate. Borrowers can access loans from 1,000 to 50,000 pesos, with installment terms ranging from 1 to 12 months. The interest rate varies from 0.5% to 1.25% per day, with a 9% service fee. First-time applicants can secure a maximum loan of 15,000 pesos without interest and fees. Finbro caters to Filipino citizens aged 20 to 65.
Pros:
- 24/7 loan registration.
- Fast application processing (within 10 minutes).
- Convenient and easy registration.
Cons:
- High-interest rate.
- Additional loan service fee.
- Efficiency rating: Good.
Pesoredee – Manila Lending Corporation
Pesoredee is a Manila lending corporation that employs financial technology to offer online loans legally. Loan amounts range from 1,000 to 30,000 pesos, with repayment terms of 3 to 6 months and an interest rate of approximately 11.9% per month. New customers can borrow up to 7,000 pesos at a 0% interest rate. Pesoredee serves Filipino citizens aged 22 to 70.
Pros:
- Fast approval.
- Quick disbursement (within 5 minutes).
- Transparent loan information.
- Option to extend the payment period by 14 days.
Cons:
- High-interest rates.
- Efficiency rating: Good.
Kviku – Financing Company in Manila
Kviku is a financing company in Manila that operates a fully automated online loan system. Borrowers can access loans ranging from 500 to 25,000 pesos, with terms extending from 60 to 180 days and an interest rate of 0.16% per day. Eligible borrowers must be Filipino citizens aged 20 to 55 with a valid ID.
Pros:
- Automatic and transparent process.
- Fast disbursement (within 5 minutes).
Cons:
- Short-term loans.
- Efficiency rating: Pretty good.
Binixo – Online Loan Company in Manila
Binixo is an online loan company in Manila that reviews loan applications 24/7. Loan limits vary from 1,000 to 25,000 pesos, with loan terms spanning from 3 to 12 months. First loans feature a low interest rate of only 0.01%. Subsequent loans incur interest rates ranging from 4% to 916% per year. Binixo serves Filipino citizens aged 18 and above with a valid passport.
Pros:
- No service charges.
- Fast disbursement.
Cons:
- Not a bank or credit institution (provides a list of lending companies).
- Efficiency rating: Medium.
Zaimoo – Fast Loan Company in Manila
Zaimoo is a fast loan company in Manila that offers a variety of loans. Customers can apply for loans ranging from 1,000 to 25,000 pesos, with the potential for higher credit limits with good credit payments. Loan terms extend from 2 to 60 months, with interest rates ranging from 11.9% to 365% per year. Zaimoo serves Filipino customers aged 18 and above.
Pros:
- Fast loan processing.
- Simple procedure.
- Long installment payment.
Cons:
- High-interest rates.
- Efficiency rating: Pretty good.
Which is the Best Lending Company in Manila to Choose?
To meet your financial needs quickly and efficiently, we recommend considering two of the top lending companies in Manila: Finbro and Pesoredee. These lenders offer high loan limits, competitive low-interest rates, and high approval rates, making them suitable options for OFWs and anyone seeking reliable financial assistance.
Conclusion
When choosing a lending company in Manila or Makati City, it’s crucial to evaluate your specific needs, compare interest rates, and consider the loan terms before making a decision. Each of these lending companies has its own unique features and advantages, so make sure to choose the one that aligns with your financial goals and requirements.