What are the Best Loan Apps in the Philippines?

Each loan app has its own strengths and weaknesses. The best loan apps have higher loan amounts, lower interest rates and longer loan terms than their competitors. Here are the top three loan apps in the Philippines overall.

Home Credit Philippines

Home Credit App

Overview

Home Credit is a leading consumer finance provider in the Philippines. It offers loans, credit cards, and other financial products to help customers access the things they need.

Home Credit works with a network of partner stores, so you can apply for a loan at the store where you’re making your purchase. They also offer online loan applications, so you can apply from the comfort of your own home.

Item Value
Loan Amount

₱5,000 to

₱150,000

Interest Rates

32% downpayment,

0-3% per annum

Loan Terms

6 months to

36 months

Try Home Credit Cash Loan

BillEase

BillEase App

Overview

BillEase is the Philippines’ first installment loan app that allows people to pay for their online and offline purchases in monthly installments with 0% interest. That means there are no late payment fees, service charges, or any other hidden costs.

Item Value
Loan Amount

₱2,000 to

₱40,000

Interest Rates 3.49% per month
Loan Terms

2 months to

24 months

 

Try BillEase Now

Cashalo

Cashalo App

Overview

Cashalo is a popular loan choice in the Philippines for a number of reasons. For one, Cashalo offers a very simple and straightforward application process. All you need to do is fill out a short form and submit it online, and you can get approved for a loan in just a few minutes.

Item Value
Loan Amount

₱1,000 to

₱10,000

Interest Rates

3.95% to 5.99%

per month

Loan Terms

15 days to

6 months

 

Try Cashalo Now

Tonik

Tonik App

Overview

Tonik describes itself as a “neobank“. A neobank is a digital bank that doesn’t have physical branches. The Tonik bank app offers fast and easy loans in the Philippines. Tonik is a great option for people who need quick cash because it offers loans of up to PHP 50,000 with no collateral required.

Item Value
Loan Amounts

₱5,000 to

₱50,000

Interest Rates

5.42% to 7%

per month

Loan Terms

6 months to

24 months

 

Try Tonik Loan Now

JuanHand

JuanHand App

Overview

JuanHand is a loan app available in the Philippines that offers quick and easy loans to users. JuanHand is different from other loan apps because it offers a number of unique features that make it an ideal choice for users in the Philippines.

Item Value
Loan Amounts

₱2,000 to

₱50,000

Interest Rates 0.3% per day
Loan Terms

1 month to

3 months

 

Try JuanHand Now

PesoQ

PesoQ App

Overview

PesoQ provides loans of up to PHP 20,000 with no collateral required, making it a convenient option for those times when you need a little extra cash.

Item Value
Loan Amounts

₱5,000 to

₱20,000

Interest Rates

0.05% to

0.6% per day

Loan Terms

3 months to

6 months

 

Try PesoQ Now

PesoCash

PesoCash App

Overview

PesoCash is a loan app that allows users to access quick and easy loans in the Philippines. The app offers loans of up to PHP 10,000 with no collateral and no hidden fees.

Item Value
Loan Amount

₱4,000 to

₱10,000

Interest Rates 0.05% per day
Loan Terms

3 months to

12 months

 

Try PesoCash Now

Fast Cash

Fast Cash App

Overview

Fast Cash is the perfect solution for anyone who needs cash in a hurry. The app makes it easy to get the money you need, when you need it, without having to go through a traditional bank or lender.

Item Value
Loan Amount

₱2,000 to

₱12,000

Interest Rates 0.05% per day
Loan Terms

3 months to

4 months

 

Fast Cash is also a great option for people who may not have good credit or who may not be able to qualify for a traditional loan. The best part about Fast Cash is that there are no hidden fees or charges. You simply pay a flat fee for the amount of cash you need, and the money is deposited into your account within minutes.

Highlights

  • Instant cash loans
  • Fast Cash is available in Google Play and App Store
  • No hidden fees
  • Fast and easy application process

Bottomline

Fast Cash is a great loan option for anyone who needs cash quickly. The loan process is fast and easy, and there are no hidden fees or charges.

Try Fast Cash Now

SurityCash

SurityCash App

Overview

SurityCash is one of the most popular loan providers in the Philippines. They offer a wide range of loans, from personal to business loans, and their interest rates are some of the most competitive in the market.

Item Value
Loan Amount

₱1,000 to

₱12,000

Interest Rates 0.05% per day
Loan Terms up to 4 months

 

SurityCash is also one of the most convenient loan providers, with an easy online application process and quick approval times. And, for those who are worried about defaulting on their loan, SurityCash offers a flexible repayment plan that can be tailored to each individual’s needs.

Highlights

  • One of the most competitive interest rates in the market
  • SurityCash is only available in Google Play
  • Convenient online application process
  • Quick approval times within 2 hours
  • Disbursement as fast as 24 hours
  • Flexible repayment plan

Bottomline

SurityCash is one of the most popular and reliable loan apps in the Philippines. With SurityCash, you can get the money you need quickly and easily, without having to worry about collateral or hidden fees.

And because SurityCash is a licensed and insured lender, you can be sure that your loan is safe and secure. So if you’re looking for a fast, easy, and reliable way to get a loan, SurityCash is the perfect choice.

Try SurityCash Now

OPESO

OPESO App

Overview

OPESO is a Philippine company that offers loans to people in the Philippines. OPESO is different from other lenders because they offer lower interest rates and longer repayment terms.

Item Value
Loan Amount

₱2,000 to

₱20,000

Interest Rates 0.67% per day
Loan Terms

3 months to

12 months

 

Highlights

  • Offers loans with low interest rates
  • OPESO is available in Google Play and App Store
  • No collateral needed
  • Provides loans with long repayment terms
  • Fast and easy loan application process

Bottomline

OPESO is a lending platform that offers advantageous loans to people in the Philippines. OPESO has 15x lower interest rates and 1/5th of the processing time of traditional banks.

What’s more, OPESO doesn’t use collateral, so anyone can loan regardless of whether they own a home or car. OPESO is therefore the best option for anyone in the Philippines who needs a loan.

With OPESO, you’ll get the money you need quickly and without having to worry about high interest rates.

Try OPESO Now

Madaloan

Madaloan App

Overview

Madaloan is a Philippines-based app that allows users to access credit products from anywhere in the country. Madaloan offers loans, lines of credit, and credit cards to its users, and it has a wide range of products that cater to different needs.

Item Value
Loan Amounts

₱3,000 to

₱20,000

Interest Rates 0.08% per day
Loan Terms

3 months to

6 months

 

Madaloan is also one of the few apps that offer fixed-term loans, which can be helpful for those who need to borrow money for a specific purpose. Additionally, Madaloan has a very user-friendly interface, and its customer service is prompt and responsive.

Highlights

  • Get a loan up to PHP 20,000 with only 1 ID
  • Madaloan is available in Google Play and App Store
  • Receive cash in as fast as 5 minutes
  • User-friendly interface
  • Prompt and responsive customer service

Bottomline

Madaloan is a loan app that offers a wide range of products and services to its users. It has a user-friendly interface and its customer service is prompt and responsive. Madaloan is one of the few apps that offer fixed-term loans, which can be helpful for those who need to borrow money for a specific purpose.

Try Madaloan Now

Digido

Digido App

Overview

Digido (formerly Robocash) is the Philippines’ leading online lending platform, offering a fast and convenient way to access loans. Digido offers a range of loan products, including personal loans, home loans, and auto loans.

Item Value  
Loan Amount

₱1,000 to

₱25,000

 
Interest Rates

0.1% to 0.4%

per day

 
Loan Terms

3 months to

6 months

 

 

Digido is committed to providing a simple and transparent lending process, with flexible repayment options to suit your needs. It has a wide network of partner banks and financial institutions, meaning that you can get the best possible deal on your loan. With Digido, you can be sure that you’re getting the best possible service and the most competitive rates.

Highlights

  • Flexible repayment terms
  • Digido is only available in Google Play
  • Simple online application process
  • Quick approval times
  • Competitive interest rates
  • Trusted and reputable lender

Bottomline

Digido is a leading financial technology company in the Philippines that offers cash loans to people in need. The company has a strong reputation for providing quality service and affordable rates. Digido offers a variety of loan products, including personal loans, business loans, and student loans.

The company also offers a wide range of payment options, making it easy for people to repay their loans on time. Digido is a trusted lender with a proven track record of helping people meet their financial needs.

Try Digido Now

Unacash

UnaCash App

Overview

Unacash offers a wide range of features and benefits that make it a great choice for borrowers.

First, Unacash offers competitive interest rates. This means that you can save money on your loan repayments. Second, Unacash is very easy to use. The application process is quick and simple, and you can get approved for a loan in just a few minutes. Third, Unacash offers a variety of repayment options. You can choose to repay your loan in full each month, or you can make partial repayments over time. This flexibility makes Unacash a great option for borrowers who need to budget their loan repayments.

Item Value
Loan Amount

₱1,000 to

₱50,000

Interest Rates

1.5%  to 16%

per month

Loan Terms

2 months to

6 months

 

Finally, Unacash has a strong customer service team that is always ready to help. If you have any questions about your loan or the application process, you can contact Unacash customer service and they will be happy to assist you.

Highlights

  • Competitive interest rates
  • Unacash is only available in Google Play
  • Easy to use
  • Offers a variety of repayment options
  • Strong customer service team

Bottomline

Unacash is a great loan option for borrowers who are looking for competitive interest rates, easy to use loan applications, and flexible repayment options. The customer service team is also very helpful and always ready to answer any questions you may have. Overall, Unacash is a great choice for anyone in need of a loan in the Philippines.

Try Unacash Now

Tala Philippines

Tala App

Overview

Tala Philippines is a digital lending platform that offers quick and easy loans to Filipinos. Tala provides loans of up to PHP 15,000 with terms of up to 61 days.

Tala uses a “mobile-first” approach, which means that the entire loan process can be done through a mobile phone. Tala also offers other financial services such as online bill payment and airtime top-up.

Item Value
Loan Amount

₱1,000 to

₱15,000

Interest Rates

14.5% to 15%

per month

Loan Terms

21 days to

30 days

 

Tala is one of the most popular digital lending platforms in the Philippines, with over 5 million customers. Tala has also been featured in major news outlets such as CNN, Forbes, and TechCrunch.

Highlights

  • No hidden fees
  • Tala Philippines is only available in Google Play
  • Fast and easy application process
  • Quick loan disbursement

Bottomline

Tala is a great way to get a loan in the Philippines. The process is quick and easy, and you can get your money in as little as 24 hours. Tala also offers flexible repayment terms, so you can choose a plan that works for you.

Best of all, Tala doesn’t require any collateral, so you don’t have to put up your house or car as collateral. If you’re looking for a quick and easy loan in the Philippines, Tala is the way to go.

Try Tala Now

OKPeso

OKPeso App

Overview

OKPeso is a Philippines-based microlending app that provides short-term loans to small businesses and individuals in need of quick cash. OKPeso is different from traditional banks and lending institutions because it uses artificial intelligence (AI) to assess a borrower’s risk profile and determine whether they are eligible for a loan.

Item Value
Loan Amount

₱2,000 to

₱20,000

Interest Rates 24% per month
Loan Terms

3 months to

12 months

 

OKPeso also has a social media platform where borrowers can post updates on their businesses and repayments, as well as interact with other users.

Highlights

  • Late payment fees of 5% of the loan amount
  • OKPeso is only available in Google Play

Bottomline

OKPeso is a great option for people who need quick access to cash. The application process is quick and easy, and borrowers can receive their money in as little as 24 hours.

OKPeso also has flexible repayment terms, making it easier for borrowers to repay their loans on time. Additionally, OKPeso offers competitive interest rates and does not charge any hidden fees. As a result, OKPeso is a great option for people who are looking for a quick and easy way to get access to cash.

Try OKPeso Now

What is a Loan app?

A loan app is a mobile application that allows users to apply for loans and track their loan repayments. Loan apps typically offer loans of up to PHP 50,000 with flexible repayment terms.

How do loan apps work?

Loan apps typically use a lending algorithm to assess the creditworthiness of borrowers. This assessment is based on information such as the borrower’s income, employment history and credit score. Based on this assessment, the loan app will offer a loan amount and interest rate.

What are the Pros and Cons of loan apps?

The main advantage of loan apps is that they offer a quick and easy way to access loans. The main disadvantage of loan apps is that they typically have high interest rates.

How do I apply for a loan from a loan app?

Most loan apps offer an online application process that is quick and easy to use. Borrowers can typically apply for a loan directly from the loan app’s website or mobile app. Once the application is approved, the loan amount will be deposited into the borrower’s bank account.

Frequently Asked Questions

What are the eligibility requirements for a loan from a loan app?

Loan apps typically have a minimum age requirement of 18 years old. Borrowers must also have a regular source of income (e.g. salary) and a valid bank account.

What is the interest rate for loans from loan apps?

The interest rate for loans from loan apps varies depending on the loan amount and repayment period. The minimum interest rate is 2% per month, and the maximum interest rate is 24% per month.

What is the best loan app in the Philippines?

There are a number of great loan apps available in the Philippines, each offering different features and benefits. Some of the most popular loan apps include Cashalo, BillEase and Home Credit. Each of these apps offers a convenient way to borrow money, whether you need it for an emergency expense or you just want to consolidate your debts.

Which app is best for giving loan?

It really depends on your individual needs and preferences. If you need a loan for a small amount of money, then Cashalo may be the best option for you. However, if you need a larger loan, then BillEase or Home Credit could be a better choice. Whichever app you choose, be sure to compare interest rates and fees before you apply.

What are the legit online loans in the Philippines?

There are a number of legit online loans available in the Philippines. Some of the most popular lenders include Cashalo, Digido, BillEase and Home Credit. Each of these companies offers a convenient way to borrow money, whether you need it for an emergency expense or you just want to consolidate your debts.

How do I choose the right loan?

Make a list of online loans available in the Philippines before applying for one. This will help you compare different options and find the best deal for your needs. A few popular online loan providers in the Philippines include Cashalo, BillEase, Digido and Home Credit. Be sure to read the terms and conditions carefully before you apply.

What is the easiest loan to get approved for in the Philippines?

There is no one-size-fits-all answer to this question, as each individual’s financial situation is different. However, some of the easiest loans to get approved for in the Philippines include personal loans and salary loans. If you have a good credit score, you may be able to get approved for a loan with a lower interest rate.

Can I borrow money from GCash?

Yes, you can borrow money from GCash. However, there are some requirements that you need to meet before you can apply for a loan. For example, you must be at least 18 years old and a resident of the Philippines. You will also need to have an active GCash account and a valid ID. Once you have met these requirements, you can apply for a loan by going to the GCash app and selecting “Apply for Loan.”

Final Thoughts

There are a wide variety of loan apps available in the Philippines, each with its own set of features and benefits. The best loan app for you will depend on your individual needs and preferences. However, all of the loan apps listed in this article offer competitive interest rates and flexible repayment terms. So, if you’re looking for a quick and easy way to access a loan, then one of these loan apps is likely to be a good option for you.

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Written byPaul Dabuco
I’m Paul Dabuco, the man behind Juan Investor, one of the top personal finance blogs in the Philippines. I’m passionate about investing and digital marketing. When I’m not blogging, I’m either tinkering on my clients’ Facebook ads or beachbumming. You can read more about me.

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