15 Legit Loan Apps in the Philippines 2023

There are many different loan apps in the Philippines. You can find a loan app to fit your specific needs, whether you need a personal loan, a business loan, or even a small loan for your daily needs.

What are the Best Loan Apps in the Philippines?

Each loan app has its 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.

Best Loan Apps with Lowest Interest Rates

If we only consider the interest rates and set aside other factors like loan amounts, loan terms, and of course, the safety and privacy of the borrower, here are the top ten loan apps with low-interest rates.

Loan AppInterest Rate (per month)
1. Home Credit Philippines0.25%
2. PesoCash1.5%
3. Fast Cash1.5%
4. PesoQ1.5% - 1.8%
5. Madaloan2.4%
6. BillEase3.49%
7. Cashalo3.95% - 5.99%
8. Tonik6%
9. GCash Loan (GLoan)1.59% - 6.57%
10. JuanHand9%

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 their needs.

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.

Home Credit offers flexible repayment terms and competitive interest rates, so you can find a loan that fits your needs.

Item Value
Loan Amount ₱5,000 to

₱150,000

Interest Rates 32% downpayment,

0-3% per annum

Loan Terms 6 months to

36 months

Highlights

  • Perfect for buying products in affordable monthly installments
  • Home Credit is available in Google Play, App Store, and Huawei App Gallery
  • Quickest loan approval as fast as 1 minute
  • Installment without a credit card
  • Excellent customer service

Bottomline

Home Credit Philippines is a great option for people looking to loan money when buying products and paying in affordable installments.

The company offers competitive interest rates and offers a wide variety of loan products. Home Credit also offers a convenient online application process and fast approval times.

In addition, Home Credit provides excellent customer service and is committed to helping its customers succeed financially. As a result, Home Credit is a great choice for people in the Philippines looking to loan money.

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 hidden costs.

You must download the BillEase app, sign up, and choose BillEase as your payment method when you check out at any of their partner stores. You can also use BillEase to pay your utility bills, credit card bills, and other recurring payments.

Item Value
Loan Amount ₱2,000 to

₱40,000

Interest Rates 3.49% per month
Loan Terms 2 months to

24 months

Highlights

  • Suitable for online or offline purchase
  • BillEase is available in Google Play and App Store
  • AutoPay feature to avoid late payments
  • Simple to use, transparent pricing
  • Convenient loan access
  • Budgeting and spending tracking

Bottomline

If you are looking for a loan app with the lowest interest rate and flexible repayment options, BillEase is the best loan app for you. You can pay for your online or offline purchases monthly with 0% interest.

It also has an AutoPay feature to avoid late payments and a budgeting and spending tracking feature to help you manage your finances.

Cashalo

Cashalo App

Overview

Cashalo is a popular loan choice in the Philippines for many reasons. For one, Cashalo offers a 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.

Cashalo offers very competitive interest rates, making it an affordable option for many borrowers. In addition, Cashalo offers flexible repayment terms, so you can choose a plan that best suits your needs. Cashalo is a great choice for anyone in the Philippines looking for a quick and easy loan.

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

Highlights

  • Flexible repayment terms
  • Cashalo is available in Google Play (for Android Phone) and App Store (for iPhone)
  • Simple online application process
  • Quick approval times
  • Competitive interest rates

Bottomline

Cashalo Email Verification

Cashalo is one of the most popular loan apps in the Philippines. It offers a variety of loans, including personal loans, salary loans, and business loans. Cashalo is a convenient way to get access to funds when you need them. The process is fast and easy, and you can receive your loan within minutes.

Cashalo also offers flexible repayment terms, so you can choose a plan that fits your budget. Cashalo is a trusted and reputable lender, so you can be confident that you’re getting a fair deal. Choose Cashalo for your next loan and you’ll be sure to get the best possible terms.

GLoan

GLoan in GCash App

Overview

GLoan or GCash Loan is a mobile loan app offered by GCash, a leading e-wallet provider in the Philippines. The loan app provides a quick and easy way to access cash loans for urgent needs or unexpected expenses. You can loan up to Php 125,000 with a low-interest rate of 1.59% to 6.57% per month, making it an affordable option for borrowers. The repayment terms are also flexible, ranging from 14 days up to 24 months, giving borrowers enough time to pay back the loan without causing financial strain.

Read our detailed post if you want to know how to loan in GCash via GLoan.

Item Value
Loan Amount up to ₱125,000
Interest Rates 0% for 14 days,

1.59% – 6.57% per month

Loan Terms 14 days to 24 months

Highlights

  • Stability: run by one of the biggest fintech companies in the Philippines – GCash
  • GCash is available on Google Play and App Store
  • Easy application process: can be completed entirely online in a few minutes
  • Fast approval time: loan disbursement in as fast as 24 hours
  • No collateral: accessible to a wider range of borrowers
  • Discounted interest rate: if you pay your loan on time
  • Qualification is based on how often you used the GCash app‘s features

Bottomline

GLoan is a good loan app for anyone who needs quick and affordable access to cash. It is particularly useful for those who do not have access to traditional banking services or have difficulty obtaining loans due to a lack of collateral. With its user-friendly interface and flexible repayment terms, GLoan is worth considering for those in need of financial assistance. However, as with any loan, it is important to assess one’s ability to repay before taking out a loan to avoid falling into debt.

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.

Tonik is also a convenient option because it can be used from the comfort of your own home. You can apply for a loan and receive the money in your bank account within 24 hours.

Item Value
Loan Amounts ₱5,000 to

₱50,000

Interest Rates 5.42% to 7%

per month

Loan Terms 6 months to

24 months

Highlights

  • Offers fast and easy loans in the Philippines
  • Tonik is available in Google Play and App Store
  • No collateral or credit history required
  • Apply for a loan and receive the money in your bank account within 24 hours
  • Minimal documents required

Bottomline

Tonik Welcome Email

Tonik is a digital lending company that offers fast and easy loans in the Philippines. The company is committed to providing fair and transparent loans with no hidden fees or charges. Tonik also offers flexible repayment terms, so you can choose a plan that suits your needs.

And if you need extra cash, Tonik can help you get it quickly and easily. So if you’re looking for a fast and easy loan, Tonik is a perfect choice.

JuanHand

JuanHand App

Overview

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

It offers a lower interest rate than other loan apps, making it a more affordable option for users. JuanHand is also a more user-friendly app with an easy-to-use interface that simplifies applying for and managing your loan.

Item Value
Loan Amounts ₱2,000 to

₱15,000

Interest Rates 0.3% per day
Loan Terms 1 month to

3 months

Highlights

  • Lower interest rate than other loan apps
  • JuanHand is available in Google Play and App Store
  • Longer repayment period than other loan apps
  • More user-friendly app, with an easy-to-use interface

Bottomline

JuanHand is a loan app that offers quick and easy loans to people in the Philippines. The app is simple to use and you can get approved for a loan in minutes. JuanHand also offers some of the lowest interest rates in the Philippines, making it a great option for those who need a loan. JuanHand is also a convenient way to get a loan, as you can apply for a loan anywhere in the world.

PesoQ

PesoQ App

PesoQ provides loans of up to PHP 20,000 with no collateral required, making it a convenient option when you need a little extra cash. PesoQ also offers a flexible repayment schedule, so you can repay your loan over a time that suits you when you need it.

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

Highlights

Bottomline

There are many reasons why people choose PesoQ over other lenders, but some of the most common reasons include the following:

  • It offers low-interest rates for its loans, making them more affordable for borrowers.
  • They offer various loan products, so borrowers can find a loan that meets their needs.
  • They have a strong customer service team that is available to help borrowers with any questions or concerns they may have.

PesoQ is a great option for people looking for a loan in the Philippines. They offer competitive rates and a wide range of products, making them a top choice for many borrowers.

PesoCash

PesoCash App

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.

PesoCash is a convenient way to get extra cash when you need it, and the repayment terms are flexible to suit your needs. PesoCash is a safe and secure way to get a loan, and the process is quick and easy.

Item Value
Loan Amount ₱4,000 to

₱10,000

Interest Rates 0.05% per day
Loan Terms 3 months to

12 months

Highlights

  • No collateral or hidden fees
  • PesoCash is only available in Google Play
  • Flexible repayment terms
  • Safe and secure loan process
  • Quick and easy loan application

Bottomline

PesoCash is a loan app that offers quick and easy loans of up to PHP 10,000 with no collateral and no hidden fees. The repayment terms are flexible to suit your needs, and the loan process is quick and easy. PesoCash is a safe and secure way to get a loan in the Philippines.

Fast Cash

Fast Cash App

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.

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 a 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.

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.

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.

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.

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-ups.

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 on 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.

OKPeso

OKPeso App

Overview

OKPeso is a Philippines-based micro-lending 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 looking for a quick and easy way to access cash.

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 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 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?

Several great loan apps are available in the Philippines, each offering different features and benefits. Some 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 just want to consolidate your debts.

Which app is best for giving loans?

It 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, BillEase or Home Credit could be better if you need a larger loan. Whichev