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

Getting a loan these days is not difficult. All you need to do is collect information from the right source and follow the right steps. When you are applying for a loan for the first time in the Philippines, you might be a little skeptical about getting a cash loan in an hour. That is natural. When it comes to fast approval of loans, there will certainly be some uncertainty. However, the good news is that you can actually get a sure approval of cash loans in the Philippines by certified finance services.

cash loan in the philippines

To get a cash loan in the Philippines, all you have to do is follow the below-mentioned steps:

Step 1. Get your documents ready

Step 2. Choose a loan company according to your needs

Step 3. Make sure you are qualified and apply for the loan

Step 1. Get your documents ready

The requirement of documents for loan approval can vary from company to company. When you are applying online, the requirements are a bare minimum. However, you have to familiarize yourself with the required documents. To do this, you can take a look at this list:

  • Any Government approved ID
  • Bank account in your name
  • Phone number

Step 2. Choose a loan company according to your needs

Before we get into the details of loan approval and disbursal, we would like to briefly introduce to you the major online lending companies in the Philippines.

There are a lot of online and offline loan companies that claim to provide instant loan approval. We know how difficult it is to find and choose the best ones among so many options. Hence, we have done all the hard work for you and curated a list of companies that are worth applying for a loan.

Having said that, we also encourage you to do your own research to understand the loan companies in a better way. All the companies have different conditions for credit period and credit amount. There are also certain other conditions that have to be fulfilled for the process. 

So, here are the five major companies that help you get a quick loan in the Philippines

Money Cat PH

Money Cat PH

Online Loans Pilipinas

Online Loans Pilipinas



CashWagon PH

CashWagon PH



Step 3. Make sure you are qualified and apply for the loan

Cash loans in the Philippines are subject to certain conditions. You can get sure approval of cash loans in the Philippines when you meet some predetermined criteria. Does it mean that you will not get a loan if you have a bad credit score? Well, there is nothing to worry about. Your loan approval doesn’t get hampered from your bad credit score. The things that are taken into consideration when approving a loan are:

  1. Whether or not you are a citizen of the Philippines.
  2. Whether or not you have a mobile phone and internet access.
  3. Whether or not you have a resource to receive the funds.
  4. Whether or not you have an official employment source or other proof of income.
  5. Whether or not you have proof of billing.

Once you become certain that you are qualified to apply for the loan, go ahead and apply for it from the official website of whichever company you choose.

NOTE: The documents required may vary based on the type of loan. Here is a list of some of the documents which are accepted when you apply for a loan in the Philippines.

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. 

If you want to know about the OFW loan process in the Philippines, read this article.

If you want to know about PAG IBIG loan, read this article.

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 which 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.