10+ Best Lending Companies in Manila: Online Loans without Collateral 2024

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When it comes to finding the best lending company in Manila, Philippines, for online loans without collateral, it’s important to consider factors such as interest rates, loan terms, and overall service quality. In this article, we will provide a professional review of the top 10 lending companies in Manila, highlighting their features, pros and cons, and effectiveness ratings.

Summary of Lending Companies in Manila

Manila, being the capital city of the Philippines, offers a wide range of lending companies that cater to individuals in need of financial assistance. Here are the top 10 lending companies in Manila, Philippines, offering low-interest loans:

  1. Crezu
  2. Moneycat
  3. Digido
  4. Soscredit
  5. Cashexpress
  6. Finbro
  7. Pesoredee
  8. Kviku
  9. Binixo
  10. Zaimoo

These lending companies provide loans ranging from 1,000 to 60,000 pesos, with terms varying from 1 to 12 months. They offer loans without collateral and have relatively low interest rates. However, it’s important to note that some of these companies charge service fees.

Evaluation of their effectiveness rates these lending companies at 8 out of 10. Additionally, they are open to borrowers with bad credit.

Top 10 Online Lending Companies in Manila without Collateral and Low Interest 2024

Here is a list of lending companies in Manila, Philippines, that provide online loans without collateral and offer low interest rates:

  1. Crezu – Lending company in Metro Manila
  2. Moneycat – Lending company Manila without collateral
  3. Digido – Legit lending company in Manila with low interest rates
  4. Soscredit – Lending company for OFWs in Manila
  5. Cashexpress – Lending service in Manila Area
  6. Finbro – Lending companies for personal loans in Manila
  7. Pesoredee – Loan for teachers in Manila
  8. Kviku – Personal loan in Manila
  9. Binixo – Online loan company in Manila
  10. Zaimoo – Fast loan company in Manila

Each of these companies specializes in providing different types of loans to cater to specific customer needs. Let’s take a closer look at each lending company:

#1. Crezu – Lending company in Manila compare loans in 2 minutes

Crezu is a lending company in Manila that helps customers compare loans that suit their needs within 2 minutes. They offer loans ranging from 1,000 to 25,000 pesos for terms between 61 to 120 days. The APR interest rates range from 12% to 36%, and no service fees are charged. Crezu provides loan assistance to Filipino citizens between the ages of 18 and 70.

  • Pros: No need to prove income, supports bad credit, high approval rate (over 94%), fast approval time (average 14 minutes).
  • Cons: Acts as an intermediary lender, not a direct lender.
  • Effectiveness rating: Medium.

#2. Moneycat – Lending company Manila without collateral

Moneycat is a lending company in Manila that provides online cash loans without collateral. They offer loan limits ranging from 500 to 20,000 pesos, with installment periods ranging from 3 to 6 months. The first loan is interest-free, and subsequent loans have an average interest rate of 11.9% per month, with a maximum APR of 143%. Moneycat caters to individuals between the ages of 22 and 60 with stable income.

  • Pros: Simple loan procedures, fast disbursement, professional support staff.
  • Cons: Low loan limit, high interest rate, not suitable for housing loans.
  • Effectiveness rating: Pretty good.

#3. Digido – Legit lending company in Manila with low interest

Digido is a legitimate lending company in Manila that offers loans with low interest rates. They provide loans ranging from 500 to 25,000 pesos for a term of 3 to 6 months, with an interest rate of 11.9% per month. First-time borrowers can enjoy up to 10,000 pesos interest-free for 7 days. Applying through the Digido app increases the approval rate, and the loan limit automatically increases by 1,000 pesos. Digido accepts Filipino citizens between 21 and 70 years old.

  • Pros: 24/7 support, easy application process, instant approval, fast disbursement, no collateral or guarantor required, flexible repayment methods, high approval rate, no hidden fees.
  • Cons: High interest rates.
  • Effectiveness rating: Pretty good.

#4. Soscredit – Manila easy loan lending company

Soscredit is an easy loan lending company in Manila that doesn’t require a guarantor. They offer loans ranging from 1,000 to 25,000 pesos, with repayment periods from 3 months to 12 months. First-time borrowers can avail themselves of a 0% interest loan of up to 7,000 pesos for 62 days. The average APR interest rate is 143%, with a maximum of 180% per year. Soscredit caters to customers between the ages of 20 and 70, ensuring loan payments do not exceed 40% of their income.

  • Pros: Easy to borrow, easy to approve, borrowers can borrow more, flexible payment methods, fast disbursement in 15 minutes.
  • Cons: High interest rates.
  • Effectiveness rating: Pretty good.

#5. Cashexpress – Top loan lending companies in Manila

Cashexpress is among the top loan lending companies in Manila, known for providing quick financial solutions. First-time borrowers can avail loans from 1,000 to 10,000 pesos with 0% interest for 7 days. If the payment is creditworthy, subsequent loans can go up to 20,000 pesos with a payment period of 7-14 days per loan. Loan interest rates range from 1% to 1.99%/day. Loan conditions apply to Filipinos between 21 and 70 years old.

  • Pros: Cashexpress is a Manila teachers loan provider, easy to borrow, easy to approve, flexible installment plans, option to extend payment time, fast disbursement in 5 minutes.
  • Cons: Short loan period.
  • Effectiveness rating: Pretty good.

#6. Finbro – Lending companies for personal loans in Manila

Finbro is one of the most reputable lending companies for personal loans in Manila, with 98% of customers rating them as very satisfied with their online loan service. The amount Finbro supports borrowers with ranges from 1,000 to 50,000 pesos, with installment terms from 1 to 12 months. Loan interest rates range from 0.5% to 1.25%/day, with a service fee of 9%. First-time loan applicants are entitled to a maximum loan of 15,000 pesos, free of interest and fees. The required borrower must be a Filipino citizen between 20 and 65 years old, with at least one valid ID.

  • Pros: 24/7 loan registration, fast application processing time in 10 minutes, convenient and easy 24/7 loan registration.
  • Cons: High interest rates, additional loan service fee.
  • Effectiveness rating: Good.

#7. Pesoredee – Manila lending corporation

Pesoredee is a Manila lending corporation that uses financial technology to legally provide online loans. The loan amount Pesoredee offers ranges from 1,000 to 30,000 pesos, with a payment term of 3 to 6 months and an interest rate of about 11.9% per month. New customers can borrow up to 7,000 pesos, interest-free. Pesoredee’s loan service applies to Filipino citizens between the ages of 22 and 70.

  • Pros: Fast approval, 5-minute disbursement, transparent public loan information, can extend the payment period by 14 days.
  • Cons: High interest rates.
  • Effectiveness rating: Good.

#8. Kviku – financing company in Manila

Kviku is a financing company in Manila with a fully automated online loan system. Kviku supports loans from 500 to 25,000 pesos, for terms of 60 to 180 days at an interest rate of 0.16% per day. The borrower must be a Filipino citizen between 20 and 55 years old and have a valid ID.

  • Pros: Automatic, objective, transparent, fast disbursement in 5 minutes.
  • Cons: Short term.
  • Effectiveness rating: Pretty good.

#9. Binixo – Online loan company in Manila

Binixo is an Online loan company in Manila, one of the most reputable lending companies near Metro Manila, reviewing loan applications 24/7. The limit can be received from 1,000 to 25,000 pesos with a loan term of 3 to 12 months. The first loan is preferential with a low interest rate of only 0.01%. The following loans will apply interest rates ranging from 4% to 916% per year. The loan requires the borrower to have Filipino citizenship and be over 18 years old, and have a passport.

  • Pros: Loan App Philippines with no service charge, fast disbursement.
  • Cons: Binixo is not a bank or credit institution, only provides a list of lending companies in Metro Manila.
  • Effectiveness rating: Medium.

#10. 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 from 1,000 to 25,000 pesos, and creditworthy borrowers can be increased to a maximum limit of 40,000 pesos. Loan terms range from 2 to 60 months, applying interest rates of 11.9% to 365% per year. The first borrower will be supported up to 15,000 pesos and charged a preferential interest rate of 0.01% for a period of 14 days. Applicable for Filipino customers over 18 years old.

  • Pros: Fast loan, simple procedure, long installment payment.
  • Cons: The interest rate is quite high.
  • Effectiveness rating: Pretty good.

Which is the Best Lending Company in Manila to Choose?

To solve your financial needs quickly and simply, you can refer to the top two lending companies in Manila: Finbro and Pesoredee. These lenders offer high limits, low interest rates, and high approval rates. They have received positive feedback from satisfied customers, making them reliable options for borrowers in Manila.

Conclusion

Finding the best lending company in Manila for online loans without collateral requires careful consideration of interest rates, loan terms, and overall service quality. The top 10 lending companies mentioned in this article provide reliable options with different features and loan offerings.

By carefully evaluating their pros and cons, borrowers can select the lending company that best suits their specific needs and financial requirements. Whether it’s Crezu, Moneycat, Digido, Soscredit, Cashexpress, Finbro, Pesoredee, Kviku, Binixo, or Zaimoo, borrowers in Manila have access to various lending options to meet their financial needs effectively.

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cashexpress Changed status to publish July 17, 2023