Best 22 Apps for Low-Interest Personal or Business Loan in Philippines

Best Loan Apps in Philippines

The loan apps are increasingly becoming popular among the Filipinos as they find it easy to access personal or small business loans through their smartphones. These best loan apps in Philippines can be accessed via the App Store, Playmarket, Google Play Store, and from other stores.

So, the best 22 loan apps in the Philippines have been adequately reviewed to assist you to get that cash from the comfort of your gadget and devoid of any paperwork.

The following are the best 22 loan apps in the Philippines and they are presented in no particular order;

  1. Tala App Philippines

Users of this app are guaranteed loans within 5 minutes of application. The loans are directly credited into your bank account or wallet. Also, the users can access their money from the closest Tala office. Through the app applicants can get a loan for a period between 21 days to 30 days, a one-time commission of 11% is charged for the first loan and 15% for a loan of 30 days.

It gives a loan of between 1 – 2 thousand Philippine pesos and applications like, M Lhuillier, Cebuana Lhuillier or 7-Eleven can be employed to pay off the debts. It is simple to use the app, secure and safe, and tips on financial education that will help users reduce expenses.

  1. MoneyCat App

It is an app that supports Filipinos to access needed loans at any time of the day. The MoneyCat app issues loan between 90 days – 180 days. The interest rate is fixed at 16.6% monthly and the loans are only available for Philippinos over 20 years of age. The application process is within 5 minutes.

Other features of the app include low-interest rate, users can increase limits and excellent customer service, team. Loans can be refunded through Bayad Center, 7-Eleven, LBC, Robinson Department Store, and ECPay Center. The money can also be paid online, cash payment or GCash.

  1. PeraAsia Loan App

The PeraAsia app offers quick loans to the residents of the Philippines, and statistics showed that over 95% of its users get a good response from loan officers at PeraAsia. It is arguably one of the best loan apps in the Philippines. The service is only available to Filipinos aged 20 years and above. The loan process takes a maximum of 2 minutes.

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Users have access to between 1 – 30 thousand Philippine pesos with a repayment period of 360 days. Also, you do not need a guarantor or mortgaged property to access the loans

  1. My Home Credit App

Users can access loans at a reasonable interest rate. The app allows 28 Philippine pesos daily as installment. Here also, the loan application and approval takes between 1 – 2 minutes. Other features of the app are; checking loan status, safe and secure, good customer service team.

The loans could be for businesses, purchase of gadgets, buy a car, school fees, or for any other needs.

  1. Pinoy Peso

This easy-to-use app is available on the Google Play Store for Android devices and the App Store for iPhone devices. Users could have access to higher loan amounts compared to other apps. It is simple, easy and provides fast cash loans. The Pinoy Peso app provides up to 10,000 Peso with a duration of 91 days. The terms of loan application are transparent and also the users appreciate it easy withdrawal mechanism.

  1. SALPay Mobile

The SALPay Mobile app does not only lend money, but also can be used to pay bills, send money, and buy lots of things. Besides, it could serve as a digital wallet. The app is gradually becoming a household name among the loan app marketplace in the Philippines. It is designed with secured technologies that ensure the safety of your money.

  1. Cashwagon Cash Loan

Cashwagon loan app is the ideal solution for people who are in dare need of money to attend to emergencies. It gives cash loan and does not require collateral; its process of application and approval is easy and fast. However, it is available for Filipino citizens between the age of 20 – 60 and must have been employed for at least a year. First-time users are eligible to 7,000 pesos for 10 days. So, the Cashwagon loan app could be the solution to your loan needs.

  1. Atome Credit Loan App

The Atome Credit app provides fast loans to Filipinos for personal use for a short space of time. The entire loan process is completed via the app. However, the applicant must be a resident in the Philippine and between the ages of 18 – 55 years. Also, the user must be on permanent income and official employment. Usually, the application and processing take between 5 – 30 minutes before approval.

  1. Amihan Loan App
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Amihan is an online loan platform. It gives users the opportunity of calculating the loan repayment terms before confirming a loan. It can be used at anytime 24/7, and anywhere. The service charge is set at 0.15% – 0.8% and no transaction charges. It is meant for people aged 18 – 50 years, Philippine citizen, stable income, and two valid IDs

  1. BPI App

The BPI app can be used to get personal loans of up to 1,000,000 payable between 12 months – 36 months. However, you must be between 21 – 60 years of age to be eligible without any form of collateral or guarantor. The duration of the loan application takes between 5 – 7 days

  1. Robocash Loan App

The Robocash app is an online platform that gives loans to Filipinos. Reports have it that over 95% of loan requests got approval, and so far, over 300 thousand loans have been issued to Filipinos. You must be between 21 – 70 years of age to be eligible for between 1,000 PHP – 25,000 PHP with a repayment period of 7 – 30 days. It takes about 24 hours for its application and approval

  1. Opeso

With this app, you could easily access up to 20,000 pesos in short and quick terms. Here, the age limit is set at 20 – 65 years. Its application and approval process takes 24 hours. Users could access up to between 20,000 PHP – 200,000 PHP and a repayment period of 91 – 210 days with a rate of 3.5% monthly. It is easy to use, flexible, and transparent.

  1. UnionBank Online

The UnionBank Online is a loan app meant for a housing loan. You must be between 21 – 65 years of age to be eligible. The applicant can access 5000,000 PHP – 50,000,000 with a repayment plan of between 1 – 20 years. However, it requires a processing fee and collateral for its approval.

  1. Cashalo

This loan app is fast, secured, affordable, and provides quick access to cash. The application and approval are completed within two working days. The applicant can get up to 10,000 PHP with an interest rate of 4.95% monthly. The requirements are payslip, Government ID, company ID, and bank details.

  1. Pera247

The Pera24/7 mobile loan app offers assistance to hardworking and honest Filipinos. With this app, the applicant can get up to 30,000 PHP. It is easy to use and fast, there is no need to document as it is done online. The repayment plant is usually in 6 months.

  1. BDO
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The BDO app is one of the loan apps in the Philippines that offer personal loans between 10,000 PHP – 1,000,000 PHP and to be repaid between 6 months – 36 months. It is only open to Filipinos between the ages of 21 – 70 years and must have been in employment for 2 years. Application and approval of the loan are between 7 – 10 working days.

  1. Cashmore

This is another online loan platform specially designed for the Filipinos. Users can access up to between 3,000 PHP – 10,000 PHP with 29% as APR and a service fee of 5%. It is usually between 91 – 180 days.

  1. Fast Cash

The Fast Cash app too gives out loans between 2,000 PHP – 12,000 PHP with an interest rate of 14% annually and zero transaction charges. The repayment period is usually between 91 days – 120 days. It is for Filipinos between 18 – 55 years of age.

  1. Net Loan

The Net Loan app is designed for Filipinos of 18 years and above. They can access up to between 4,000 – 10,000 PHP at APR of 20% annually with no transaction fee. The loan application and approval take between 5 minutes – 12 hours.

  1. PesoAgad

The PesoAgad gives between 2,000 – 10,000 PHP at a 14% annual interest rate with a service charge of between 0.15 – 0.8%. The repayment period is between 91 days – 360 days with no service charges.

  1.  Lemon Loan

Here, the APR is between 14 – 35% and the repayment period is 91 – 120 days. It is built for Filipinos who are 18 years and above

  1. GoPeso

The GoPeso app is built to give loans between 1,000 – 15,000 PHP for a period of between 91 days – 360 days at no transaction fee. The interest rate is fixed at between 10 – 35%. You have to be 18 years of age and have a stable job to be eligible.

These loan app listings are tailored to individuals and small businesses registered in the host country.

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