Top 30 Best Online Loan Apps for iPhone iOS in the Philippines (2023)

In today’s rapidly changing financial landscape, access to quick and convenient loans is a crucial aspect of personal finance management. Whether you’re dealing with unexpected expenses, pursuing opportunities, or seeking to bridge financial gaps, having the right loan app on your iPhone can make all the difference.

Don’t overlook:

Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in December 2023 

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
Apply Now

₱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
Apply Now
₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

In this review, CashExpress PH will delve into the top online loan apps for iPhone iOS in the Philippines, providing a detailed examination of their features, advantages, disadvantages, application processes, and much more. By the end of this review, you’ll be well-equipped to make informed decisions when seeking financial support.

Summary of Loan Apps for iPhone iOS in the Philippines

Let’s begin by summarizing key information about these loan apps to give you a quick overview:

Review ⭐ Loan Apps for iPhone iOS in the Philippines
Loan Amount ⭐ Ranging from 1,000 to 70,000 pesos
Availability ⭐ Available in the Philippines
Age Requirement ⭐ Applicants must be between 18 to 60 years old
Loan Terms ⭐ Offered for durations ranging from 1 month to 12 months
Interest Rate ⭐ Zero interest for personal loans (varies among apps)
Pros ⭐ Instant loan approval, accessible without a strong credit history
Cons ⭐ Users are required to install the app for borrowing
Effectiveness ⭐ Generally considered to be a reliable source of quick financial support
Bad Credit ⭐ No credit check is conducted

Understanding Loan Apps for iPhone iOS

Loan apps for iPhone iOS are mobile applications specifically designed to provide short-term consumer loans to users with devices running Apple’s iOS operating system, including iPhones and iPads. The application process typically involves users providing personal, income, and bank account information, which the lending institution uses to assess the borrower’s eligibility and determine the loan amount.

Pros and Benefits of Using iOS Loan Apps in the Philippines

Utilizing loan apps for iOS in the Philippines comes with numerous advantages that make them an attractive choice for those in need of quick financial assistance:

  • Simplicity and Convenience: The application process is straightforward, allowing users to apply anytime and anywhere with an internet connection.
  • User-Friendly Interface: These apps are designed with user convenience in mind, making it easy to monitor loan status and access relevant account information.
  • Customizable Loans: Many loan apps allow users to tailor their loans to suit their specific financial needs, providing flexibility in loan amount and term.
  • Minimal Documentation: Unlike traditional loans, these apps typically require only one valid government-issued ID and do not demand collateral or appraisal.
  • Rapid Approvals: Small, short-term loans are often approved within minutes, ensuring a swift resolution to financial emergencies.
  • Inclusive Access: Loan apps can extend financial opportunities to individuals who may not qualify for loans at traditional banks due to weak credit histories or low incomes.
  • Data Security: These apps prioritize safeguarding users’ personal information.

Cons and Drawbacks of the Best iOS Loan Apps

While iOS loan apps offer convenience and speed, it is important to be aware of their potential drawbacks:

  • Higher Costs: Interest rates and fees associated with these apps can be higher compared to traditional loan options, resulting in borrowers paying more than the initially borrowed amount.
  • Loan Limitations: The loan limits set by these apps may not be sufficient for larger financial endeavors such as starting a business or purchasing a house or car.
  • Short Loan Terms: Short repayment periods can place significant pressure on borrowers to make timely payments.
  • Potential for Abuse: The ease of access to loans through these apps can lead some users to become undisciplined borrowers, potentially harming their personal financial stability.

Criteria for Choosing an iOS Loan App

When selecting an iOS loan app in the Philippines, it is essential to consider a set of criteria to ensure you make an informed and reliable choice:

  • Legitimacy: Verify the legitimacy and reputation of the app’s developer or organization.
  • Interest Rates and Fees: Examine the interest rates and all associated fees to select the most cost-effective option.
  • User Reviews: Read reviews and feedback from other users on platforms such as the App Store and financial forums to understand real user experiences.
  • Loan Terms: Thoroughly review and comprehend the loan terms, including interest calculations and any other requirements.
  • Customer Support: Check the availability of customer support channels and contact information in case you need assistance.
  • Security Measures: Ensure the app employs robust security measures to protect your personal information.

Interest Rates on iOS Loan Apps

Interest rates on iOS loan apps can vary based on multiple factors, including the loan amount, loan duration, specific terms and conditions set by the application, and the borrower’s financial situation. It is crucial to carefully consider and compare interest rates to select the loan application that best suits your needs. Generally, interest rates for short-term online loans in the Philippines range from an APR of 143% to a maximum of 180% per year. To illustrate, if a customer is approved for a 10,000-peso loan for two months at an APR of 180%, the monthly interest rate would be 15%, resulting in a total repayment of 6,500 pesos.

Loan iOS App Requirements

To be eligible for loan approval through iOS apps, borrowers typically need to meet a set of basic conditions:

  • Residency: Applicants should be living and working in the Philippines and must be at least 18 years old.
  • Stable Income: Having a job with a stable income that is sufficient to repay the loan is typically required.
  • Valid Phone Number: Applicants should possess an active two-way phone number.
  • Bank Account or E-Wallet: It is essential to have a genuine bank account or e-wallet.
  • Valid ID: At least one valid government-issued ID, such as a passport, national ID, TIN ID, driver’s ID, or SSS, is typically required.

Loan Amount and Term of iOS Loan Apps

The loan limits and terms offered by instant loan apps for iOS can vary depending on the specific application and loan conditions. Here’s a closer look at these aspects:

Credit Line:

  • The loan limits often depend on various factors, including credit history, income, and personal information.
  • Loan limits can range from 500 to 50,000 pesos.

Term:

  • Loan terms are flexible, ranging from just a few days to several months.
  • Some apps even allow extended repayment periods for added flexibility.

Comparative Criteria – Cashspace, Credify, Kviku

Let’s delve deeper into the comparison of three popular iOS loan apps, considering loan limits, tenor, interest rates, approval time, and overall score:

  • Cashspace
    • Limits: 1,000 – 25,000 pesos
    • Tenor: 2 – 4 months
    • Interest: 12% – 36% per year
    • Approval Time: 5 minutes
    • Overall Score: 7/10
  • Credify
    • Limits: 1,000 – 25,000 pesos
    • Tenor: 2 – 12 months
    • Interest: 0.5% per day
    • Approval Time: 15 minutes
    • Overall Score: 7/10
  • Kviku
    • Limits: 500 – 25,000 pesos
    • Tenor: 4,8%/month
    • Interest: 2 – 6 months
    • Approval Time: 5 minutes
    • Overall Score: 8/10

How to Apply for an iOS Loan App in the Philippines

To help you get started with the application process, here are the steps to apply for an iOS loan app in the Philippines:

 
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

Step 1: Download and Install the App

  • Begin by downloading and installing the desired loan app from the App Store on your iOS device.

Step 2: Open the App and Register

  • Launch the app and locate the “Sign Up” or “Sign In” option, depending on whether you already have an account.
  • Enter your phone number and the OTP to create an account on the loan app for Apple.

Step 3: Provide Personal Information

  • Fill in your personal details, including your name, date of birth, address, ID information, occupation, income, and bank account details.

Step 4: Identity Verification

  • Authenticate your identity by providing a photo of your ID and a portrait photo as required by the app.

Step 5: Choose Loan Details and Agree to Terms

  • Select the desired loan amount and repayment term.
  • Review and agree to the terms and conditions of the loan application.

Step 6: Wait for Approval and Disbursement

  • Allow the app some time to process your information and approve your loan application.
  • If approved, the loan amount will be disbursed directly to your designated bank account.

Top 20+ Best Online Loan Apps for iPhone iOS in the Philippines (2023)

Now, let’s explore a comprehensive list of the top online loan apps for iPhone iOS available in the Philippines in2023:

#1. Credify – iOS Loan App Philippines

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: 3 to 12 months
  • APR Interest Rate: Up to 180% per year
  • Eligibility: Filipino citizens aged 20 to 70 with active credit history, phone number, and bank account.

#2. Binixo – Loan App on iPhone

  • Loan Amount: 1,000 – 25,000 pesos
  • Loan Terms: 3 to 12 months
  • First Loan Interest Rate: 0.01% per month
  • Eligibility: Filipino citizens aged 18 and above with a valid passport.

#3. Cashspace – Instant Loan App for iPhone

  • Loan Amount: 1,000 – 25,000 pesos
  • Loan Terms: 2 to 4 months
  • APR Interest Rate: 12% – 36% per year
  • Eligibility: Filipino citizens aged 18 to 70 with email, phone number, and personal ID.

#4. Kviku – Loan App for iOS

  • Loan Amount: 1,000 – 25,000 pesos
  • Loan Terms: 15 days to 180 days
  • Daily Interest Rate: 0.16%
  • Eligibility: Filipino citizens aged 20 to 55 with a valid ID and unblocked phone number.

#5. Tala Loan – iPhone Loan Philippines

  • Maximum Loan Amount: 25,000 pesos
  • Loan Terms: 1 to 61 days
  • Daily Interest Rate: 0.5%
  • Eligibility: Filipino citizens aged 18 and above.

#6. Asteria – iOS Loan App Philippines

  • Loan Amount: 1,000 – 4,000 pesos
  • Loan Terms: 10 to 90 days
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above with valid identification.

#7. PondoPeso – Loan App on iPhone

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: 3 to 12 months
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#8. Flash Cash – Instant Loan App for iPhone

  • Loan Amount: 1,000 – 25,000 pesos
  • Loan Terms: Varies
  • APR Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#9. Palu – Loan App for iOS

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#10. LoanChamp – iPhone Loan Philippines

  • Loan Amount: 2,000 – 10,000 pesos
  • Loan Terms: 7 to 30 days
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#11. Easycash – iOS Loan App Philippines

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#12. Robocash – Loan App on iPhone

  • Loan Amount: 1,000 – 25,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#13. Tonic – Instant Loan App for iPhone

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#14. Online Cash – Loan App for iOS

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#15. LoanMe – iPhone Loan Philippines

  • Loan Amount: 1,000 – 15,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#16. Moola – iOS Loan App Philippines

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#17. CashALoan – Loan App on iPhone

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#18. 24Cash – Instant Loan App for iPhone

  • Loan Amount: 1,000 – 20,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#19. CashMart – Loan App for iOS

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#20. PeraLending – iPhone Loan Philippines

  • Loan Amount: 1,000 – 5,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#21. Fast Loan – iOS Loan App Philippines

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#22. MoneyCat – Loan App on iPhone

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 20 and above.

#23. Online Loans Pilipinas – Instant Loan App for iPhone

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#24. Quick Cash – Loan App for iOS

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#25. PayLater – iPhone Loan Philippines

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#26. Cashalo – iOS Loan App Philippines

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#27. LoanSolutions – Loan App on iPhone

  • Loan Amount: Varies
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 18 and above.

#28. PondoCash – Instant Loan App for iPhone

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#29. MyLoan – Loan App for iOS

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

#30. Cashmart – iPhone Loan Philippines

  • Loan Amount: 1,000 – 10,000 pesos
  • Loan Terms: Varies
  • Interest Rate: Varies
  • Eligibility: Filipino citizens aged 21 and above.

Please note that while these loan apps offer varying loan limits, terms, and interest rates, it’s essential to carefully review the terms and conditions of each app to make an informed borrowing decision that suits your financial needs.

Loan Repayment on iOS Loan Apps

Repaying loans obtained through iOS loan apps can be done through various methods, including:

  • Direct Payment: Repayments can be made directly within the loan app via electronic banking links.
  • Banking Channels: Payments can be made through internet banking, ATMs, or in-person at a bank branch.
  • Digital Wallets: Many apps accept payments through popular digital wallets such as GCash, coins.ph, GrabPay, and Shopee Pay.
  • Cash Payments: Some loan apps allow borrowers to make cash payments at designated payment centers like 7-Eleven.

Expert Opinions

Prominent economists have weighed in on the role of online loan apps in providing quick solutions for urgent financial needs. Nicolas Gregory Mankiw, an American economist, notes that online loan apps for iPhone in the Philippines offer rapid solutions for individuals facing financial emergencies, especially those with poor credit histories who may struggle to secure traditional bank loans. Italian economist Vilfredo Pareto advises users to exercise caution when selecting a personal loan app for iPhone iOS, emphasizing the importance of understanding loan terms, partner activity, interest rates, and service fees.

FAQs – iOS Loan Apps in the Philippines

Let’s address some common questions related to iOS loan apps:

Can I repay my iOS loan ahead of schedule?

Yes, many iOS loan apps encourage early repayment, which can improve your credit score and potentially increase your loan limits for future loans. Early repayment often does not incur additional service fees.

What if I face difficulties in repaying my debt?

If you encounter difficulties repaying your loan, it’s crucial to contact the customer service of the iOS loan app to explore potential solutions. Some apps may offer options like extending the loan term or negotiating alternative repayment plans, although extending the term may result in additional fees.

How is my privacy and security protected when using a Loan App for Apple?

iOS loan apps typically have privacy and security policies outlined in their terms and conditions. It’s essential to read and understand these policies to ensure the protection of your personal and financial information. Choose apps with strong security measures to safeguard your data.

Conclusion

iOS loan apps in the Philippines serve as invaluable tools for individuals seeking swift financial assistance. They offer a convenient and accessible solution to address urgent financial needs. However, it’s essential to use them responsibly, fully understand the terms and conditions, and choose reputable apps that prioritize user privacy and security. By adhering to these guidelines and considering your specific financial requirements, you can make informed decisions and effectively navigate the world of iOS loan apps to meet your financial goals.

5/5 - (11 votes)

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