Navigating the dynamic financial landscape of the Philippines, the quest for substantial funds has undergone a transformative shift with the emergence of online loan apps. In this review by CashExpress PH, we embark on a detailed exploration of the best loan apps in the Philippines. Our journey encompasses an in-depth analysis of their features, advantages, credit line details, application requirements, and culminates in a curated list of the premier lending apps available.
Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in September 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 |
Understanding Loan Apps with High Amounts
A loan app with a high amount represents a mobile application that empowers Filipinos to secure significant loans seamlessly. This innovative approach revolutionizes the borrowing process, offering a convenient alternative to traditional lenders. With just a few taps on a smartphone, individuals gain access to substantial financial support, marking a paradigm shift in financial accessibility.
Advantages of Loan Apps with High Amounts in the Philippines
- Speedy Access to Funds: Quick approval processes ensure that borrowers receive the funds they need promptly.
- Flexible Repayment Options: Borrowers enjoy the flexibility to choose repayment terms that align with their financial capabilities, fostering a borrower-friendly experience.
- Unmatched Convenience: The entire loan application process is conducted online, eliminating the need for physical visits to brick-and-mortar banks, saving time and effort.
- Generous Loan Limits: These apps offer substantial loan limits, accommodating a myriad of financial needs, from small emergencies to more significant financial requirements.
- Transparent Fee Structures: Many of these apps provide clear fee structures, allowing borrowers to understand the cost of borrowing upfront, contributing to financial transparency.
Credit Line Details of Loan Apps with High Amounts
The credit line of these loan apps varies based on the lending institution’s policies, the borrower’s creditworthiness, and their individual financial profile. These apps typically offer credit lines ranging from a few thousand pesos to significantly higher amounts, ensuring they cater to a diverse set of financial requirements.
Requirements for Applying to Loan Apps with High Amounts
To apply for a high-amount personal loan app, borrowers commonly need to fulfill specific requirements, ensuring a secure and responsible lending process. These prerequisites include being a Filipino citizen or legal resident, reaching the legal age of 18 years and above, having a stable source of income or employment, possessing a valid government-issued ID, and providing relevant financial documentation as requested by the lender.
Selection Criteria for Top Loan Apps
Our meticulous selection process for identifying the top loan apps with high amounts in the Philippines involved several key criteria:
- In-Depth Research: A comprehensive exploration of the market to identify reputable loan apps with a proven track record.
- User Reviews and Ratings: Gauging customer satisfaction through authentic user feedback to ensure a positive borrowing experience.
- Interest Rates and Terms: Analyzing interest rates, repayment terms, and associated fees to evaluate the affordability of the loan products.
- Customer Support: Assessing the quality of customer support services offered by the apps to enhance the overall borrower experience.
- Ease of Application: Reviewing the application process to ensure it is user-friendly and accessible to a wide range of users.
Top 5 Loan Apps with High Amounts in the Philippines (2024)
Here is an overview of the top 5 loan apps with high amounts in the Philippines, each accompanied by its respective loan amounts:
- Credify: Loan Amounts: 1000 – 25000 PHP
- Cashspace: Loan Amounts: 1000 – 20000 PHP
- Digido: Loan Amounts: 1000 – 30000 PHP
- Moneycat: Loan Amounts: 500 – 20000 PHP
- Crezu: Loan Amounts: 1000 – 35000 PHP
|
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. Credify
- Pros: Swift application process, competitive interest rates, tailored loan solutions catering to individual needs.
- Cons: Loan approval contingent on credit history, potential for higher interest rates for certain borrowers, and a limited range of loan choices for first-time users.
#2. Cashspace
- Pros: Effectively assisted over 312K customers, no need for proof of income, secured user information.
- Cons: The maximum loan amount is lower compared to other lending apps, higher interest rates, and a processing time that may extend for approval.
#3. Digido
- Pros: High loan amounts, fast and convenient registration process, 24/7 support including weekends, and strict confidentiality of user information.
- Cons: High-interest rates, short payment terms, and the potential for spam messages or calls.
#4. Moneycat
- Pros: Simple and fast approval process, no need to provide collateral, and 24/7 customer support including weekends.
- Cons: Not an ideal choice for users considering a long-term loan, additional fees, late payment fees, and other charges may bring financial pressure to users.
#5. Crezu
- Pros: High credit limit, no proof of income required, an extremely fast application process, and zero interest for the first loan.
- Cons: Not an excellent option for large loan amounts, short payment terms, higher interest rates for unsecured loans, and potential delays in customer support.
Conclusion
For those actively seeking the best loan apps with high amounts in the Philippines, our recommendations gravitate towards Credify and Cashspace. Credify’s offering of user-friendliness, competitive rates, substantial loan amounts, transparent fees, and flexible terms positions it as a top choice. Cashspace, on the other hand, stands out for providing 24/7 access to funds, quick approvals, and a transparent lending process, making it an ideal solution for urgent financial needs.
If you find these apps helpful, consider leaving a 5-star review and sharing your experience in the comments section for further support on our site. Your feedback contributes to the ongoing improvement of the lending ecosystem, ensuring a seamless and reliable financial experience for all users.