Prima Loan, operated by Prima Fintech (Philippines) Lending Corporation, provides efficient and accessible personal installment loan solutions for residents of the Philippines who require emergency financial assistance. With a commitment to professionalism and transparency, Prima Loan adheres to the rules and regulations set by financial authorities, ensuring that all lending activities are conducted responsibly.
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 |
About Prima Loan: Your Trusted Online Peso Lender
Prima Loan is a legitimate and fully registered lending service in the Philippines. It is officially registered with the Securities and Exchange Commission (SEC), with the registration number CS201951100, and holds Certificate of Authority (CA) No. 2917. As a licensed lender, Prima Loan operates within the bounds of the law, ensuring compliance with all relevant policies and regulations governing lending operations in the country.
Offering hassle-free, fully online loan applications, Prima Loan provides a fast, secure, and convenient way to access emergency peso loans with minimal requirements and quick processing.
How Does Prima Loan – Online Peso Lending Work?
PRIMA LOAN offers an easy and accessible online lending service designed to provide emergency cash to those in need. With the Prima Loan app, users can quickly apply for personal peso loans and receive funds in a secure and timely manner.
The application process is simple and fully online:
- Download the Prima Loan app onto your smartphone.
- Choose your loan limit based on your needs.
- Complete the form in just 5 minutes.
- Wait for SMS approval regarding your loan application.
- Receive your ₱1,000 loan directly into your bank account or e-wallet (e.g., GCash, PayMaya, GrabPay).
Key Advantages of Using Prima Loan
- Low-Interest Rates: Enjoy an affordable interest rate of just 0.095% for new applicants.
- No Collateral Required: The loans are unsecured, meaning there’s no need to provide assets or property as collateral.
- Convenience: Skip the long lines and avoid office visits. All transactions can be done using your smartphone.
- Simple Requirements: You only need a valid ID and a smartphone to apply.
- No Hidden Fees: For first-time applicants, there are no additional charges except for the loan amount.
- Instant Loan Disbursement: Upon approval, funds are disbursed within 5 minutes.
- Credit Growth: As you build a positive repayment history, your loan limit can increase from ₱1,000 to ₱15,000.
Eligibility: Who Can Apply for an Online Peso Cash Loan?
To be eligible for a Peso Cash Loan, applicants must meet the following criteria:
- Be a Filipino citizen at least 18 years of age.
- Possess at least one valid ID and a cell phone number.
- Be employed or self-employed.
What Are the Requirements for a Loan Application?
Applying for a loan with Prima Loan is easy and requires minimal documentation:
- One valid ID: Choose from a list of government-issued IDs such as Driver’s License, GSIS/SSS/UMID/TIN/Passport/PRC/Postal ID, or PhilHealth ID.
- Smartphone for easy access to the app.
- Bank account or e-wallet (GCash, PayMaya, or GrabPay) for loan disbursement.
Common Loan Purposes
Loans from Prima Loan can be used for a wide range of purposes, including but not limited to:
- Paying bills.
- Covering medical expenses.
- Repairing your bike or other personal belongings.
- Purchasing gifts.
- Assisting with disaster relief.
- Funding leisure activities.
How to Receive Your Loan?
Once your loan is approved, the funds will be deposited directly into your bank account or e-wallet (GCash, PayMaya, GrabPay) of choice. The process is fast, reliable, and convenient.
Loan Limits and Terms
For first-time applicants, Prima Loan offers an initial loan amount of ₱1,000. With responsible repayment, borrowers can increase their credit limit to as much as ₱15,000.
Loan Details and Examples:
- Loan Amount: ₱1,000.00 to ₱15,000.00
- Loan Terms: Available for terms ranging from 91 days (shortest) to 180 or 365 days (longest, including renewal).
- APR (Annual Percentage Rate): Up to 34.67%.
- Fees:
- Service Fee: 0%
- Transaction Fees: None, but channel fees may apply, charged by third-party providers.
Example Calculation: For a ₱1,000 loan with an interest rate of 34.67% over 91 days:
- Total Interest Fee: ₱1,000 * (34.67% / 365) * 91 = ₱86.45
- Total Repayment Due: ₱1,000 + ₱86.45 = ₱1,086.45
- Monthly Repayment: ₱1,086.45 / 3 months = ₱362.15
Privacy and Data Security
At Prima Loan, your privacy is their top priority. All personal information, including government-issued IDs and financial details, is used solely for identity verification and credit assessment. No personal data will be shared without explicit permission.
Contact Information
For more details or inquiries about loan applications, feel free to reach out to Prima Loan:
- Email: cs.primaloan@gmail.com
- Website: www.primaloanplus.com
- Working Hours: 8:30 AM – 5:30 PM (Monday to Saturday)
- Address: 1 Jade Drive Ortigas Center, San Antonio, Pasig, Metro Manila, Philippines
Prima Loan offers a convenient and secure way for Filipinos to access emergency financial assistance, ensuring that all lending activities are fully compliant with legal regulations. Whether it’s for medical expenses, bills, or other urgent needs, Prima Loan ensures fast and reliable access to the funds needed to support everyday life.