Best Loan Providers in Philippines

MoneyCat
₱ 1,000 - ₱ 20, 000

Term:

14 - 28 days

Interest rate:

39.9 %

Documents required:

  • valid ID
  • phone number
  • bank account to receive money
MoneyCat
₱ 1,000 - ₱ 15, 000

Term:

14 - 28 days

Interest rate:

39.9 %

Documents required:

  • valid ID
  • phone number
  • bank account to receive money

Who we are?

Walletgeek doesn’t give payday loans, it gives information about payday loan companies. Walletgeek service was created for clients’ convenience and time-saving. Do you need money? That doesn’t mean that you should be torn between loan companies since Walletgeek has already found out everything you need to know about them. We work only with certified lenders. 24/7 available service allows you to compare the best payday loan companies in Philippines from any device to settle on the most suitable loan for you!

How does it work?

No matter how big your loan amount will be, borrowing money is always an agreement based on the specific requirements and conditions. Nevertheless, getting fast loans in Philippines is much easier than taking credits in the bank, the list of minimum requirements is pretty the same.

Look through obligations carefully, before choosing the payday loan company.

In most companies presented on Walletgeek legal age for borrowing situated within 18-65 years old. Though you should look attentively as some loan services confirm the application only from clients that are older than 21 and younger than 75years old. Surely these limits could vary, but normally students and senior citizens are not allowed to get a payday loan. It feels like a restriction from the first glance. In spite of this, it should be mentioned that there are different items and loyalty programs for both of these social groups. This option isn’t a necessary thing for each company, though there are some platforms with broadening service package. Use the comparing tool on Walletgeek to find out!
Despite the fact that the majority of payday loan companies in Philippines don’t require an employment certificate it is necessary to prove the existence of long-lasting income. This is important because without such a confirmation loan company wouldn’t be sure whether you are able to repay the loan you’re asking for or not. It is especially significant for the first time loaner without any credit history, or with the bad one. So, do not hesitate and checkup requirements in several Filipino fast loan companies on Walletgeek at once!
It would be difficult to get money in Philippines, equally in the bank and a fast loan company without Philippine citizenship or residency. Even having a residency permit, the person sometimes has hard time borrowing money. The reason is simple, it isn’t rewarding to give money to someone who can or even should leave the country of his own volition.

To get money via any loan service presented on Walletgeek you should go through 3 main steps:

Online application:

Free of any charges online application aims to present your request to a lender. Minimum of information including name, phone number, the reason for borrowing and the sum of money you need, gives us an opportunity to find the best payday loan company for you.

Final verification:

Online services’ main advantage is that there is no need to wait several days for approval. That’s why within less than 5 minutes you will be transmitted to the loan company’s website to end the loan getting process.

Getting cash:

After signing a loan contract, the lender will inform on the date of money arrival. Depending on lender’s schedule it could be on the next business day or within several hours.

To make fast loan service even faster for you, do not forget about several obligatory conditions:

  • Check your compliance with the main requirements (age, stable income, citizenship);
  • Allot 10 minutes of your time, filling the registration form carefully, but before that, check the stability of your Internet in order to avoid registration failures.
  • Also, checkup whether your mobile phone is on. The code will be sent via SMS.
  • A personal account in the Philippine bank is obligatory.

Loan returning options are normally sent immediately after the loan signing. They are different for each fast loan company. Although, there are some mutual features:

  • You can transfer money on company financial details directly in terminal or with the help of a bank employee.
  • Replenish the account of the payday loan company through an ATM.
  • Some companies practice direct payments through the website or online wallet. Though, for more detailed information is better to contact your loan company.

Benefits of taking online loan

24 hour payday loans in Philippines are becoming more and more popular every year. Though there are different types of fast loans and many companies that offer such services vary the amount of interest rate, maximum loan amount and terms they believed to be much more convenient and trusted than the bank loans. So, let’s find out what are the main advantages of taking a payday loan online!

  • Convenience:
    Online loans are extremely convenient because there is no need in going to various organizations, collecting certificates and standing in a line to receive confirmation. Payday services allow you to apply for a loan with the help of your tablet, computer, and laptop or even mobile phone (some loan companies have mobile apps as well). The only thing you need (apart from a minimum set of documents, of course) is a stable Internet connection. And your application will be confirmed in several minutes instead of several weeks.
  • Flexibility:
    Fast loans let you be the owner of your wallet. Indeed, everything that in the bank was offered to you in just one or two variants, using payday loans gives you multiple alternatives where you can decide whether you need a loan for a day or 45 days. You decide where to spend your money and when to repay your loan.
  • Speed
    This benefit is probably the most important and was the main reason to transfer such transactions to the Internet. 5 minutes – this is the exact time you need to take a loan, including the verification of your documents, as well as filling the registration form and sometimes including money admission on your account. However, some payday loan companies operate only during business days, this is ten times faster than in the bank! So, do not wait until someone will decide on your reliability. Decide for yourself and Walletgeek will help you!
  • High approval probability:
    Online loan companies have more than 96% of positive decisions on borrowing. This doesn’t mean that, unlike banks, they give out loans right and left. No. Just for having a smaller list of documents they can check faster. Also, in the majority of cases, payday companies approve clients with bad credit history. Traditional lenders consider this to be the main reason to approve or to reject the inquiry. Online lenders checkup the stability of income and other factors in the first-rate instead.
  • Minimal documents set:
    To make an application you need just a Valid ID. When you confirm your identity (sometimes loan providers ask for a photo with your passport) and prove to have a constant income, the stable Internet and valid phone number is everything you need. More than that, remember that loan companies working with Walletgeek don’t ask for any collateral. All loans are unsecured. Well, that doesn’t mean that your personal information isn’t protected. That means that no one will take your apartment or car. In case of non-payment, the percentage will increase daily.
  • Multi-credit opportunity:
    If maximum loan amount isn’t enough for you or suddenly, you’d need more money, no worries. You can take multiple loans absolutely legally. Though, the only condition is not to be on the list of nonpayers.

Payday loan companies in Philippines are pioneers of online lending. However, more than 30% of people consider online loans as the best decision to borrow money for personal needs. It isn’t believed anymore that Internet loans are unreliable and dangerous. It’s just the way to     start-up business, pay for education, travel, pay bills or solve medical issues. So, do not think about safety, as we’ve already chosen the best loan companies. Just fill in the application form on the walletgeek.ph website and work out your financial troubles!

Best Loan Providers in Philippines