Online Loan Pilipinas: Legitimacy, Application, Harassment, and More (2024)

Need for quick and accessible financial solutions has given rise to various online lending platforms, with Online Loan Pilipinas (OLP) being a prominent player in the Philippines. These platforms offer the convenience of digital financial services, but they also raise important questions about their legitimacy, the application process, interest rates, and the handling of potential harassment issues. CashExpress PH will delve into various aspects of Online Loan Pilipinas, providing an in-depth analysis to help you make an informed decision about using this online lending app.

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₱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

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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

Online Loan Pilipinas Overview

Before diving into the specifics, let’s get an overview of Online Loan Pilipinas, which can be broken down as follows:

✅ Loan Name ⭐ Online Loan Pilipinas (OLP)
✅ Loan Amount ⭐ ₱2,000 – ₱20,000
✅ Age ⭐ 20 – 72 years old
✅ Term ⭐ 3 – 12 months
✅ Interest Rate ⭐ 0.95% per month
✅ Requirements ⭐ Employment
✅ Pros ⭐ Quick loan application
✅ Cons ⭐ Small loan amounts
✅ Effectiveness Evaluation ⭐ Good
✅ Harassment ⭐ Rare
✅ Legitimacy ⭐ Yes
✅ Phone Number ⭐ +63 02 405 5171
✅ Registration Number ⭐ CS201726430

What is Online Loans Pilipinas?

Online Loans Pilipinas is a fintech platform operating in the Philippines, offering digital financial services. It functions as an online lender, providing quick loans ranging from ₱1,000 to ₱20,000 to Filipino residents aged 22 to 70. The core objective of Online Loans Pilipinas is to assist individuals facing financial constraints by providing a convenient and swift loan application process.

Online Loans Pilipinas App Benefits

Online Loan Pilipinas app is designed to offer a range of benefits, including:

  • Quick and straightforward application process, eliminating the complications often associated with traditional bank loans.
  • Access to loans for individuals who might not meet the stringent requirements of traditional banks.
  • Swift approval of loans, ensuring that funds are disbursed promptly when needed.
  • Competitive interest rates, making borrowing more cost-effective.

Disadvantages of Online Loans Pilipinas

Online Loan Pilipinas, like other online lending platforms, comes with certain downsides that borrowers should be aware of:

  • Initial loan amounts for first-time borrowers may be limited, but repeat borrowers may access larger loans.
  • Interest rates can vary among online lenders, so comparing rates is crucial for making an informed decision.
  • Online lending services might have fewer regulations in place compared to traditional banks, which could potentially put borrowers at risk.

Online Loans Pilipinas Interest Rate

Interest rates are a key consideration when assessing the cost of borrowing. Online Pilipinas loan offers different interest rates based on payment history and loan terms. Here are some important details about the interest rate structure:

  • Loans repaid on the first due date do not accrue any interest.
  • The platform charges a competitive interest rate of only 0.95 percent per month.
  • The lowest possible interest rate is 0%, while the highest possible APR (Annual Percentage Rate) can go up to 200%.
  • Depending on the loan, some may have interest rates as low as 12% per year, while others can go up to 20% per year. Additionally, there may be service fees or counseling fees.

Example of Online Loans Pilipinas Calculator

To provide a clearer understanding, let’s consider an example of an Online Loans Pilipinas cash loan calculation:

  • Loan amount: ₱10,000
  • Interest rate: 15% per month
  • Loan term: 3 months

The calculation would look like this:

Monthly amortization = (loan amount * interest rate) / (12 * loan term) = (₱10,000 * 15%) / (12 * 3) = ₱500

Total amount to pay:

Monthly amortization * loan term = ₱500 * 3 = ₱1,500

Processing fee:

10% of the loan amount = 10% * ₱10,000 = ₱1,000

Total amount to pay:

Loan amount + processing fee + monthly amortization = ₱10,000 + ₱1,000 + ₱1,500 = ₱12,500

Online Loans Pilipinas Requirements

To be eligible for a loan from Online Loan Pilipinas, borrowers should meet the following requirements:

  • Be of Filipino nationality.
  • Possess a valid mobile phone number.
  • Have a stable source of income or be able to provide employment details.
  • Maintain a valid E-Wallet (Paymaya, Grabpay, or Gcash) or a bank account.
  • The ideal age range for customers is between 22 and 70.
  • A valid identification document such as a passport, driver’s license, SSS, TIN, PRC, or UMID is required.

Online Pilipinas Loan Amount

Online Loan Pilipinas offers varying maximum loan amounts depending on your borrowing history.

  • Online Loan Pilipinas First Loan: For first-time clients, you can borrow between ₱2,000 to ₱70,000 as your initial loan amount.
  • Online Loan Pilipinas Reloan: If you are a repeat borrower, you can access loans of up to ₱20,000.

Online Loans Pilipinas Term

The loan terms for Online Loan Pilipinas in the Philippines can vary based on the specific loan product and agreement. The loan term can range from as short as 30 days to as long as 90 days. The exact term duration may depend on the specific loan agreement, so it’s important to thoroughly review the terms and conditions provided by Online Loan Pilipinas for each loan product.

How to Apply for a Loan from Online Loans Pilipinas

Applying for a loan from Online Loan Pilipinas is a straightforward process. Here are the steps to follow:

Step #1: Visit the Website

Step #2: Get First Loan

  • Choose the loan amount you require and provide your phone number.
  • Click the “Get First Loan” option to proceed.

Step #3: Complete the Application

  • Fill out the online application form on the website.
  • Provide the required information, including personal details, addresses, and financial documents.

Step #4: Agree to Terms and Conditions

  • After filling out the application, you’ll need to agree to the Terms and Conditions of the loan contract.
  • Make sure to read and understand these terms before proceeding.

Step #5: Wait for Approval

  • Once you’ve submitted your application and agreed to the terms, you’ll need to wait for approval.
  • The financial institution will consider your application and get back to you with a conclusion.

Step #6: Online Loans Pilipinas Disbursement

  • If your loan application is accepted, the funds will be transferred to the account you have specified.

Online Loan Pilipinas Reviews and Complaints

Online Loan Pilipinas has garnered a significant presence in the digital lending space. It boasts a rating of 4.2 on Google Play and features numerous positive reviews from former users. Here’s one such review:

“First of all, I had an Online Loan Pilipinas complaint, but after that, I felt good. I used the app to get a loan of ₱10,000 to pay for my son’s tuition. The application process was quick and easy, and I got the money within 24 hours. The interest rate is a bit high, but I was able to afford the monthly payments. Overall, I think this lender is a good option for people who need a quick and easy way to get a loan. However, it’s important to compare interest rates and fees before you apply for a loan.”

These reviews highlight the platform’s strengths, including its efficiency and convenience in providing quick financial assistance. However, it’s crucial to conduct a thorough comparison of interest rates and fees before applying for a loan.

Online Loan Pilipinas Repayment

Online Loans Pilipinas offers several payment methods to accommodate the diverse preferences of borrowers:

1. ShopeePay

  • Borrowers can use ShopeePay to repay their loans. To do this, they can log in to their SHOPEE account, click on ShopeePay, choose Bills Payment Vouchers, and then click on LOANS.

2. Paying with GCash

  • Many Online Loans Pilipinas customers prefer repaying their loans through GCash. The platform provides clear instructions on how to handle a GCash payment.

3. In-Person Payments

  • Borrowers have the option to pay back their loans in person at various locations, including Dragon Loans, Dragon Pay, Bayad Center, Robinson’s, LBC, and Palawan Express, among others.

4. Payment Partner Stores

  • Borrowers can also visit a payment partner store, fill out the Bills Payment Kiosk/Form with the required information, and make their payment.

5. 7-Eleven

  • 7-Eleven shops offer a convenient way to repay Online Loans Pilipinas loans. Borrowers can visit a 7-Eleven store and use the Cliqq touchscreen machine to follow the steps for loan repayment.

For more detailed information on loan repayment, borrowers can access their Online Loan Pilipinas account and follow the instructions provided on the platform’s website.

Compare Online Loans Pilipinas vs Other Loans

To help you make an informed decision, it’s essential to compare Online Loans Pilipinas with other lending options. Here’s a comparison of Online Loans Pilipinas with two other loan providers, Savii Loan and Zippeso Loan:

Loan provider Online Loans Pilipinas Savii Loan Zippeso Loan
Amount Up to ₱ 20,000 Up to ₱ 50,000 Up to ₱ 20,000
Term Up to 12 months Up to 60 months Up to 12 months
Interest Rate Up to 24% per annum Starting from 0.5% per annum Up to 20% per annum
Processing Fee 5% of the loan amount 1% of the loan amount 0%

This comparison allows borrowers to assess interest rates, maximum loan amounts, loan terms, and processing fees across these lending platforms, enabling them to select the most suitable option for their financial needs.

Online Loan Pilipinas Harassment

Harassment is a concern for many borrowers in the online lending space. If you’re facing harassment related to your borrowing from Online Loan Pilipinas or similar platforms, here are some steps you can take:

Learn About Your Rights:

  • Visit reputable sources like the Credit Information Corporation to understand your rights as a borrower. Awareness of your rights is crucial in dealing with harassment issues.

Dealing with Harassment:

  • If you’re being harassed by a lender or debt collector, consider employing the SLAP method (Stop, Listen, Assess, Plan) to address the issue. This approach allows you to handle the situation more effectively.

Legal Consequences:

  • It’s important to recognize that online lenders can take legal actions if a loan is not repaid. Understanding the potential repercussions is crucial to making responsible decisions regarding loan repayment.

Avoid Unscrupulous Lenders:

  • When borrowing money online in the Philippines, it’s advisable to exercise caution. Some lending apps engage in unethical practices, and borrowers should ensure they borrow from reputable sources to avoid harassment risks.

Contact Authorities:

  • If harassment continues and becomes unbearable, consider reaching out to relevant authorities like the Bangko Sentral ng Pilipinas (BSP). Reporting such issues to the appropriate regulatory bodies can help protect your rights and address the problem effectively.

Online Loans Pilipinas Contact Number

If you need to contact Online Loans Pilipinas customer service for inquiries or assistance, you can do so through various channels:

  • Phone Number: +63 02 405 5171
  • Email:
  • Address: Tycoon Centre, Unit 1402-06, 14th Flr, Pearl Dr, San Antonio, Pasig, Rizal, Philippines

Having multiple channels of communication ensures that borrowers can easily reach out for support or information as needed.

Online Loan Pilipinas Victims

Online Loan Pilipinas victims refer to individuals who have faced various issues related to borrowing from this platform or similar lending apps. Online loans are accessible through mobile apps or websites, and these platforms have been known to target vulnerable individuals or employ predatory lending practices.

If you or someone you know has been victimized by Online Loan Pilipinas, seeking legal advice and reporting the issue to the relevant authorities is essential. Additionally, staying informed about lending terms and reading reviews can help borrowers avoid falling into such traps.


Here are answers to some frequently asked questions related to Online Loan Pilipinas:

Is Online Loan Philippines Legit?

Not all online loan providers in the Philippines are necessarily legitimate. To ensure the legitimacy of an online lending platform, it’s essential to research and choose lenders registered with the Securities and Exchange Commission (SEC) or Bangko Sentral ng Pilipinas (BSP). Verify their credentials, read reviews from other borrowers, and exercise caution to avoid scams.

Is Online Loan Pilipinas SEC Registered?

Yes, Online Loans Pilipinas is registered with the Securities and Exchange Commission (SEC) in the Philippines. Its registration number is CS201726430, CA No. 1181, as confirmed by the SEC website and a review on Being SEC registered is an essential requirement for online lending platforms to operate legally in the country.

What Happens If Online Loan Pilipinas Is Not Paid?

Failing to repay an online loan in the Philippines can lead to severe consequences. These consequences include damage to your credit score, legal action from the lender, and potential harassment. Online lenders have the option to sue borrowers who don’t repay their loans. It is crucial to address such situations responsibly to avoid further financial and legal issues.

How to Pay Online Loan Pilipinas?

To repay an online loan with Online Loans Pilipinas (OLP) in the Philippines, visit the OLP website or app, log in to your account, and locate the payment option. Typically, borrowers can make payments through various methods, including online banking, mobile wallets, or in-person over-the-counter payments at partner establishments.


Online Loan Pilipinas offers a legitimate lending platform in the Philippines. However, it’s essential to thoroughly research its reviews and terms to ensure a safe and satisfactory borrowing experience. While the platform has received both positive and negative reviews, its effectiveness in 2024 remains to be seen. Therefore, vigilance and informed decision-making are paramount when dealing with online loan platforms like Online Loan Pilipinas. By taking the time to understand the terms and conditions, assessing interest rates, and being aware of your rights as a borrower, you can make a well-informed decision and utilize this digital lending platform to your advantage.

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