Needs and dreams are what drives humans for a better life. There are times when your needs are more than what you can afford with your income. There are times when your dreams are bigger than your wallet. At times like these, you either take financial help from family or friends. But what if you don’t get enough funds to fulfill your needs and desires even after getting financial help from your nearest and dearest ones? Will you not be able to fulfill your goals because of that? Of course not. There is always an alternative solution. In this case, you can get a personal loan to fulfill your financial needs and make your dreams come true.

In this article, we have listed some of the best online personal loan lenders in the Philippines which offer loans at an affordable rate of interest. For those of you, who do not know about online loans, these are loans offered by FinTech companies. The difference between online personal loans and offline personal loans is that offline personal loans are long term and need collateral. In short, they are secured loans. On the other hand, online personal loans are short term and do not require collateral. They are unsecured loans. When we say short term, we refer to a period of maximum 12 months.

So, here goes the list.

Online Loans Pilipinas

Online Loans Philipinas is one of the most trusted loan providers in the Philippines. On visiting the website of this company, you will find that it is transparent in its repayment structure. After choosing the amount you want and entering some basic details, you will get to know the amount you have to return after a certain period. The application process is really simple and the whole process gets completed in 1-2 working days.

Loan Amount: 1000₱ to 20000₱

Rate of interest: 1% per day

Age Criteria: 22 to 60 years old

Other criteria: Must be a Filipino citizen with a valid Government ID

Cashcat

With Cashcat, you can instantly compare and apply for a loan from the loan provider of your choice. You can actually apply for a personal loan right from their website even though they are not creditors. You get a simple form which you need to fill and submit on the website. After submission, you will instantly get a list of loan providers that match your requirements. You can opt to apply for the loan from the website of the provider you choose.

Loan Amount: 1000₱ to 10000₱

Rate of interest: 0.5% per day

Age Criteria: 21 to 50 years old

Other criteria: Must be a Filipino citizen with a valid Government ID

Robocash

Robocash is a trusted online loan provider for residents of the Philippines. It offers a flexible repayment structure. You can apply for a loan from Robocash from their website or Android app. The USP of Robocash is that they approve almost 95% of all loan applications.

Loan Amount: 1000₱ to 25000₱

Rate of interest: 11.9% per month

Age criteria: 21 to 70 years old

Other criteria: Must be a Filipino citizen with a valid Government ID

Moneycat

Moneycat is one of the largest financial corporations in the Philippines. The company offers guaranteed personal loans to individuals who meet their loan approval criteria and have valid documents. The company is trustable as it has been listed in the Securities and Exchange Commission. Applying for a personal loan here is very simple. You can do it on their official website or their Android App.

Loan Amount: 1000₱ to 20000₱

Rate of interest: 11.9% per month

Age criteria: 22 to 60 years old

Other criteria: Must be a Filipino citizen currently working in the Philippines

Cash Wagon

Cash Wagon is a fast-growing financial company in South-east Asia. With its straightforward application process, this online personal loan company offers one of the quickest ways to get a loan in the Philippines. This is one of the best alternatives to traditional loan providers in the Philippines.

Loan Amount: 2000₱ to 20000₱

Rate of interest: 12% per month

Age criteria: 22 to 60 years old

Other criteria: Must have a steady source of income

GDFI

Global Dominion Financing Incorporated or GDFI is a finance company in the Philippines that specializes in providing financial support to individuals and businesses. Using the personal loan services of this company you can fulfill your needs and dreams instantly. The company is found to have been listed in the list of registered organizations on the SEC website. You can, therefore, trust this company and go ahead with your loan application.

Loan Amount: 2,000,000 ₱ Max

Rate of interest: 1.25% per day

Age criteria: 21 to 65 years old

Pera247 Lending Corporation

Pera247 Lending Corporation is a company that provides fast loans to anyone who needs it. You don’t have to explain the reason for the requirement of the loan. You just have to fill up the application form on their website and submit it. The whole process is online and there are no hidden charges. You canalicular use the calculator on their website to check the repayment amount.

Loan Amount: 2500₱ to 15000₱

Rate of interest: 0.83% per day

Age criteria: Over 21 years old

Conclusion

Those were some of the best personal loan lenders in the Philippines. You can use the services of these loan companies for any kind of financial requirement like financing your children’s education, covering your travel expenses, or paying your mortgage. The basic thing a borrower must keep in mind when applying for personal loans is that most of these companies look at your credit score to determine your creditworthiness. Make sure to pay back any loan on time to be able to get a repeat loan from the company of your choice.