How to get a cash loan in an hour in the Philippines?

Getting a cash loan in 1 hour in the Philippines is no longer a difficult task. The basic requirements for a quick cash loan are a government-approved ID and proof of income.

In the next five minutes, we are going to show you the exact steps to get loan approvals and the right companies to get your loan from.

When you are done reading this article, you will have a clear understanding of how to get a loan and where to get it from. Additionally, you will learn about some of the most crucial factors related to loans, such as interest rates, approval time, risks involved, and more.

Documents and Qualifications for loan approval

  • Filipino citizenship
  • Mobile phone and internet access
  • Bank account
  • Employment source or other proof of income
  • Proof of billing

Ways to get Urgent cash loans

The process of getting loan approval in the Philippines is really simple.

  • To get started, you will have to pick a lender that fits your needs.
  • The next step would be to fill out an application form provided by the lender.
  • You can register yourself on their website after you make your choice. You must enter details such as the loan amount, term and other details on the form.
  • You will receive an email response to your application. There may be an option to download the documents on another page. The loan officer will call you to confirm your application within 1 day of completing it.

How long does it take?

The application process may take a day or so to get passed. The remaining process may take a couple of days depending on the terms of the company you are applying to.

Loan conditions

  • The term of a Philippine online loan can be up to 12 months.
  • The process usually takes up to three days. 
  • Generally, the first loan amount does not exceed ₱  250000. If you require a large amount, you’ll need more supporting documentation.
  • The client can either make loan repayments online or via a money transfer center.
  • The late payment commission can be up to 10%. 
  • Payment default affects a borrower’s credit rating, which makes it very likely that other lenders will not transfer their loans in the future.

Best Cash Loan Companies in the Philippines



Loan Amount

  • Transparent application process

  • Higher approval rates

  • Flexible return option

Min loan amount: 1000₱

Max loan amount: 25000₱

  • Easy application process

  • Reasonable interest rates

  • Easy payment option

Min loan amount: 500₱

Max loan amount: 20000₱

  • Instant eligibility calculation

  • Seamless application procedure

  • Instant loan approval

Min loan amount: 1000₱

Max loan amount: 15000₱

  • Easy loan application process

  • Fast and convenient

  • Flexible return option

Min loan amount: 2500₱

Max loan amount: 15000₱

  • Affordable interest rates

  • Easy application process

  • Easy returns option

Min loan amount: 1000₱

Max loan amount: 100000₱

  • Convenient application procedure

  • Higher approval rates

  • Easy payment option

Min loan amount: 2000₱

Max loan amount: 20000₱

  • Flexible payment options

  • Fast and convenient

  • Fast disbursal

Min loan amount: 5000₱

Max loan amount: 10000₱

  • Simple and transparent process

  • Flexible payment options

  • No collateral for emergency situations

Min loan amount: 1000₱

Max loan amount: 20000₱

How to calculate interest rates?

Another important aspect that needs your attention when taking loans is the interest rate. Here is a short video to help you understand the process of calculating loan interest when taking quick loans.

Now that you know the basics of how to apply for a loan, take a look at the other important factors that can help you in your application process.

Advantages of quick cash loans

Simple and quick

The application process for most of the lending companies is really quick. Unlike banks, these microfinance companies value the time spent by customers in applying for the loan. Hence, you will find that the process is comparatively faster and you do not have to wait for a long time to get the loan. Some services can process your loan within a day and you might have money in your bank the next day.


One of the best things about online lending companies is that you do not have to personally visit a bank or lender. The whole process gets done online and is completely confidential and safe. There are no requirements for mortgage, employment certificate or income proof for getting approval for loans from FinTech companies. It’s convenient and hassle-free.

Minimum documents

To get a quick cash loan, you just need two to three documents (Government ID proof). However, you have to make sure that you have at least one of these documents ready as the requirement of documents varies from company to company.

  • Postal ID
  • Voter’s ID
  • Driver’s License
  • Firearms License
  • NBI Clearance
  • Police clearance
  • UMID
  • OFW ID
  • TIN Card
  • Social Security System ID (SSS)


Types of quick loans you can get

1. Personal Loan

This is a multi-purpose loan that you can use for various purposes. Getting a quick personal loan can be easy and hassle-free when you have the required documents and apply for the loan from the right lending source. Here are some of the best personal loan lenders in the Philippines.

2. Auto Loan

Want to get your dream car without getting broke? Get auto loans from banks. With auto loans, you can get your vehicle immediately without having to pay the full price upfront.

3. Housing Loan

Everyone dreams of having one’s own house. Getting a house these days is easy considering you are applying for a Housing loan from a trusted lender.

4. Business Loan

With business loans, you can get fresh capital to start or expand your business in the Philippines. This is the best way to grow your business fast and make more money out of it.

5. Emergency Loan

There are times in life when you need money for some or other emergencies. Getting an emergency loan can help you overcome these financial hurdles.

Approval time

The approval time for these loans is very minimal. With online applications, you can expect to get your loan approved in a few hours. Given that your documents are valid, your loan can even get approved within an hour. However, if you are applying for a loan offline, it could take a full day, if not days for the process to complete.

Risks involved

As with all types of loans, there are certain risk factors involved when applying for instant online loans. For instance, if you do not pay the loan back on time, the interest rate could get much higher. This will lead to a domino effect on your financial health and it may get worse. Having said that, this is the worst-case scenario. Considering the fact that you are getting money in your bank instantly, it is worth taking that risk.

Those were some of the important information about loan approval you should know about for a quick and hassle-free process.

Which is a better option for loans – online or offline?

A lot of you must be concerned about the interest rates and hidden charges when getting a loan online. While these doubts and fears are actually healthy from a financial perspective, it should not stop you from taking action. If you fear losing money, there is no point in applying for the loan. Keep in mind that when you are getting a loan from a bank, there is no chance of getting instant approval. The process is long and tiring. Another alternative is to go to traditional pawnshops. I don’t think there is a need to tell you the horror stories of people who still use these age-old financial borrowing and lending methods.

So, our recommendation is that you go with the online loan companies and get your loan approved in a hassle-free manner.

Frequently Asked Questions

1. Are online loans legit in the Philippines?

Yes. Online cash loan companies are regulated by the SEC or Securities and Exchange Commission. You can check for the company listing on the official website of SEC and find out more.

2. Where can I get instant cash loan in the Philippines?

If you are a citizen of the Philippines, there are multiple platforms both online and offline where you can get instant cash loans. You can learn about these companies on our website.

3. Which is the best loan app in the Philippines?

There are a lot of loan apps for Filipinos. Some of the best ones have been listed on our website. Go check them out.

4. What is the best online loan company for bad credit?

We have listed a lot of loan providing companies on our website. Most of these companies are reluctant to provide loans if you have bad credit. However, there are some companies that do provide loans in spite of the applicant having a bad credit.

5. Can I get a loan without a bank account?

That depends on the platform you are applying for the loan. If you are applying online, you won’t get a loan without a bank account. But, if you are applying offline, there are certain loan providers who provide cash loans too.