The banking industry in the Philippines continues to thrive, driven by growth in assets, innovative banking services, and expanding digital platforms. The following is a comprehensive overview of the top 10 banks in the country, ranked based on total assets, market capitalization, customer reach, branch networks, and reputation for service quality and innovation.
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 |
1. BDO Unibank
BDO Unibank, often simply referred to as BDO, holds the title of the largest bank in the Philippines by total assets. BDO’s extensive branch network, both in urban centers and rural areas, makes it highly accessible to the masses. Complementing this reach is its wide network of ATMs, offering seamless banking services across the nation. BDO provides an array of financial products and services, from retail and corporate banking to wealth management and insurance. Known for its commitment to serving individuals, SMEs, and large enterprises alike, BDO continues to innovate, especially in the realm of digital banking.
2. Metropolitan Bank and Trust Company (Metrobank)
Metrobank, one of the oldest and most trusted banks in the Philippines, is a pillar of the country’s banking landscape. Renowned for its corporate banking services, Metrobank has built a reputation for excellence in foreign exchange and international banking transactions. Its expanding digital banking presence has kept pace with customer demands, ensuring secure and efficient banking solutions. Metrobank also excels in personal banking, providing a wide range of services including loans, credit cards, and savings accounts.
3. Bank of the Philippine Islands (BPI)
Founded in 1851, BPI holds the distinction of being the oldest bank in both the Philippines and Southeast Asia. BPI is celebrated for its extensive range of financial products that cater to every segment of the market, from personal loans and credit cards to corporate financing solutions. With a deep commitment to innovation, BPI has heavily invested in digital transformation, offering cutting-edge mobile banking apps and platforms that deliver convenience to its customers. Its pioneering initiatives in digital banking have solidified its reputation as a leader in financial technology.
4. Land Bank of the Philippines (Landbank)
Landbank is a government-owned institution with a unique mandate to support the country’s agricultural sector and promote rural development. With its growing network of branches and ATMs across the nation, Landbank serves not only farmers and small businesses but also a wide spectrum of individual and corporate clients. It offers specialized loans and financial services tailored to agricultural needs, helping to fuel growth in underserved rural areas. In addition, Landbank has been expanding its digital banking services, enhancing accessibility for its diverse customer base.
5. Security Bank Corporation
Security Bank is known for its strong focus on customer service and innovation. Over the years, it has garnered a reputation for offering superior banking products that cater to the needs of retail customers, SMEs, and corporate clients. The bank’s commitment to technological advancement is evident in its growing digital banking services, which simplify day-to-day transactions for its customers. Security Bank is also recognized for its strategic partnerships with global financial institutions, enhancing its capacity to provide a broader range of financial services.
6. China Banking Corporation (Chinabank)
Chinabank is one of the country’s leading commercial banks, with a significant presence in the corporate banking sector. It is particularly known for its expertise in trade financing, treasury services, and foreign exchange solutions, making it a preferred partner for businesses with international operations. Chinabank is also increasingly expanding its retail banking segment, offering personal loans, credit cards, and savings products to individual customers. Its commitment to customer satisfaction and service innovation has earned it a strong reputation in the industry.
7. Rizal Commercial Banking Corporation (RCBC)
RCBC is a dynamic financial institution that provides a wide range of services to individual, SME, and corporate clients. Known for its strong consumer banking division, RCBC offers everything from savings accounts and home loans to investment and insurance products. The bank has been aggressively expanding its digital banking platforms, ensuring that customers can access banking services anytime, anywhere. This focus on digital transformation has helped RCBC enhance customer experiences and attract new clients across various sectors.
8. Philippine National Bank (PNB)
With a history dating back to 1916, PNB is one of the oldest banks in the Philippines. Initially serving government entities, PNB has since grown to provide comprehensive banking services to both individuals and businesses. It has a longstanding relationship with various government agencies, local government units, and government-owned corporations, but also serves the banking needs of private sector clients. PNB’s traditional banking services are complemented by efforts to modernize its digital platforms, ensuring accessibility for a broader range of customers.
9. Union Bank of the Philippines (UnionBank)
UnionBank has firmly established itself as a leader in digital banking innovation. Known for its robust digital platforms, UnionBank provides a seamless and user-friendly banking experience to its customers. From digital wallets to cryptocurrency services, UnionBank continues to push the boundaries of banking technology, attracting a younger, tech-savvy clientele. Its dedication to digital transformation has enabled UnionBank to expand its customer base rapidly, while maintaining a strong focus on security and ease of use.
10. Development Bank of the Philippines (DBP)
DBP is a government-owned bank with a specialized focus on supporting infrastructure development and industrial growth. It plays a crucial role in financing major projects in energy, transportation, water supply, and other key industries, contributing to the country’s economic development. In addition to its infrastructure-related services, DBP offers a variety of retail banking products, including savings accounts, loans, and investment options. The bank’s commitment to driving national progress through financial support has earned it a distinctive place in the country’s banking ecosystem.
Conclusion:
The ranking of these banks is subject to change based on market dynamics, asset growth, and overall performance. When choosing a bank, it’s important to consider not just size, but also the services that best fit your personal or business financial needs.