An NBI (National Bureau of Investigation) Clearance, which verifies a clean criminal record, can serve as a supportive document for loan applications in the Philippines. While most lenders prioritize your income, credit history, and other financial information, some may also consider NBI Clearance as an indicator of trustworthiness. Let’s explore when having an NBI Clearance could be advantageous and the top online loan options where it might give you an edge.
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 |
Key Points to Consider with NBI Clearance for Loan Applications
- Not a Primary Requirement: For the majority of online loans, especially smaller, short-term ones, lenders focus on income, employment status, and credit history as primary approval criteria.
- Boosts Credibility but Doesn’t Guarantee Approval: While NBI Clearance can enhance your application, it’s a supportive, not decisive, factor.
- Proof of Good Character: NBI Clearance shows lenders that you have no criminal record, adding an extra layer of assurance that can reflect positively on your application.
Top 5 Online Loan Providers in the Philippines That May Consider NBI Clearance
- Binixo
Known for its fast and flexible loan approvals, Binixo assesses each application individually and may view NBI Clearance as a sign of your reliability. It could strengthen your application, especially if other aspects of your financial profile are solid. - Crezu
Crezu, a reputable online lender in the Philippines, is flexible with documentation. Although NBI Clearance isn’t a mandatory requirement, adding it to your application may increase the lender’s confidence, particularly if you’re applying for a higher amount or wish to demonstrate strong character. - Pesocash
This app-based lender accepts NBI Clearance as optional documentation, which can be beneficial if you’re looking for added support in your application. With Pesocash, NBI Clearance can serve as an extra layer of assurance about your trustworthiness. - Kviku
Kviku is recognized for its swift loan processing and is primarily focused on accessibility. While not mandatory, submitting an NBI Clearance along with your application might improve your chances, especially if you want to demonstrate added credibility. - Valley
Valley sometimes requires additional documents to complete the loan assessment. In such cases, presenting an NBI Clearance can act as a beneficial supporting document, particularly if you’re applying for a loan amount that may require closer scrutiny.
Conclusion
While an NBI Clearance can serve as a helpful addition to your online loan application, it is generally seen as supplementary documentation. A strong credit score, verifiable income, and stable financial profile remain the most important aspects that lenders prioritize. Make sure to review your chosen lender’s requirements carefully, and consider submitting your NBI Clearance if it aligns with their evaluation process. Most importantly, remember to borrow responsibly, ensuring that the loan terms suit your financial situation.