Cash loans

Online Cash Loan for Philippines

For Filipinos, cash is still one of the most popular forms of funds. Unlike other countries in which most purchases are made online and through bank transfers, many of the Filipinos still use cash. That is why a loan cash is one of the most sought-after loan products in the country.

Paper money is still used to buy food, pay bills for water and electricity, in calculations on leases, education, etc. This explains why the loan cash for Filipinos is still number one among the fastest forms of financing.

Loan Load
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Loan Load

Round-the-clock loans in the Philippines

PHP 5000 - 50000
from 61 to 365 days
interest rate
for 2,3% per day
24 pera
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24 pera

Probability of approval is 95%!

PHP 1000 - 100000
from 61 to 365 days
interest rate
for 1,28% per day
Robocash
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Robocash

Receiving money in any way 24/7!

PHP 1000 - 25000
from 7 to 30 days
interest rate
for 1,65% per day
Quickpera
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Quickpera

Advantageous loan on the card!

PHP 5000 - 15000
from 7 to 35 days
interest rate
for 1% per day
Pera247
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Pera247

The most convenient loan!

PHP 2500 - 15000
from 10 to 90 days
interest rate
for 0,83% per day
My cash
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My cash

Urgent loans for all!

PHP 2000 - 25000
from 7 to 30 days
interest rate
for 0,8% per day
Moola
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Moola

Money in your pocket in minutes!

PHP 2000 - 20000
from 7 to 30 days
interest rate
for 1% per day
Loanranger
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Loanranger

Credit online!

PHP 3000 - 10000
from 5 to 30 days
interest rate
for 0,65% per day
Cash Mart
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Cash Mart

The most convenient loan!

PHP 5000 - 30000
from 7 to 30 days
interest rate
for 0,8% - 3,5% per day
Binixo
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Binixo

Guaranteed loan for a card!

PHP 2000 - 30000
from 7 to 30 days
interest rate
for 1% per day

Advantages of a quick cash loan

This form of lending is very convenient, because approval is quite fast and you can get a loan cash immediately, without waiting for bank transfers, which according to the rules of VISA can take 3-6 days.

Funds for any purpose can be transferred on the same day: education, utility payments, buying or repairing cars, health, buying household appliances, repairing and even family rest.

Determine the size of your cash loan

 
LOAN AMOUNT
FEE
TOTAL REPAYMENT

Where is it better to take a loan cash

The loan can be obtained both from banks and from specialized credit institutions. To do this, you simply need to prepare all your documents (for example, proof of income, valid IDs, loan status, latest payroll) before applying to ensure prompt data processing and accordingly quickly register a loan cash. When deciding to take a loan, remember the following:

  1. Cash flexibility. It is necessary to choose the creditors, which allow the client to get the money in various ways.
  2. Payment methods. The loan should be formalized in companies that offer different methods of payment, so that overdues can be avoided.
  3. Conditions of crediting. You should carefully read the contract, carefully study the measures taken by the creditor in case of late payments.
  4. Customer’s credit history. In order to avoid problems and delays in processing, you should always maintain a good credit status; that allows you to establish your credibility as a borrower.

Consider several companies that provide cash loans.

HSBC

The company retains 1,500 PHP for processing information. The amount is retained from the funds provided. The repayment is carried out by annuity (identical) payments. The percentage of using a loan cash is 10% per month. For overdue penalties, an additional 10% of the monthly payment is required, but not less than PHP 300. When changing the loan amount, the client should pay the standard commission of 500 PHP.

An example of the calculation of interest and terms on loans

Loan Duration Interest Rate
6 months 1.29%
12 months 1.22%
18 months 1.21%
24 months 1.22%
36 months 1.25%

Security Bank

The minimum loan amount provided by Security Bank is 30,000 PHP. The maximum is 1 000 000 PHP. In spite of the lack of the desired efficiency (the term for the application approval is 5-7 banking days), the organization provides a long repayment term – up to 36 months.

An example of the calculation of interest and terms on loans

Loan Duration Interest Rate
Cash loan 12 months 1.39%
Cash loan 18 months 1.49%
Cash loan 24 months 1.59%
Cash loan 36 months 1.69%

Maybank

All employed borrowers have an additional rate of 1.1% per month. An additional rate per month for self-employed borrowers is 1.3%.

Borrow as little as PHP 50,000 or as much Php 1,000,000. With competitive rates, fixed monthly installments and flexible payment terms of 12, 18, 24 or 36 months, we make it more affordable for you to get what you need. Collateral free!

An example of the calculation of interest and terms on loans

Loan Duration Interest Rate
12 months 1.60%
18 months 1.60%
24 months 1.50%
36 months 1.50%

Requirements for a loan cash

Since such loans are classified as microcredit, their formalization does not require a large documents number as a general personal loan. For the procedure registration, it is necessary to satisfy the following requirements:

  • the borrower’s age should be from 20 to 65 years;
  • the client must have permanent employment;
  • all self-employed persons must have ITR declarations or bank accounts;
  • the employee should provide a completed questionnaire; the more uncompleted fields, the less chances for application  approval;
  • all contact numbers must be valid; the applicant must also have his account in email;
  • the client must have two valid identifiers.

Some quick cash loans, for example, offered by Cebuana Lhuillier require less. A quick loan cash, requiring registration, can be obtained from BPI BanKO, as well as account in BPI for filing the application.

Average interest rates are from 2 to 5 percent for quick loans, and loan amounts start with 2500 Php. The loan amount can reach 500,000 Php for payroll loans.

Most of the loans offered by Filipino organizations involve repayment within 2 months. The customer must keep up with payments in order to avoid additional penalty interest. For accredited bank payroll loans, the holdback from the salary is automated every month.

How to get a loan cash

For getting a loan cash it is not necessarily to be a financial consultant or director of the company for 10 years. Failures in credit history are also allowed, but they must be closed, all overdues should be paid on time.

Here are a few basic principles for improving the chances to obtain the funds:

  1. The bigger amounts were taken earlier, the higher chance to get a loan for any amount. Availability of big funds in the bank gives you opportunity to have a larger advance payment and larger cash reserves and it’s an ordinary scheme.
  2. Official employment increases the chances of application to be approved. All corporate work phone numbers must be valid. It is advisable to avoid cellular numbers in the employer’s contact list.
  3. According to statistics, most Filipinos who had the first application approved, got a salary of more than 200% of the monthly payment. The credit organization carefully assesses all the risks and, verifying the client can afford to pay interest and then approves the application.

And for sure the main rule is no any kind of deception. Practice shows that even a small attempt to deceive the bank’s security service results in the fact that credit organizations can blacklist the applicant forever.

Example of calculating interest and loan payments

TERM 10 days 20 days 30 days
LOAN AMOUNT 12000 PHP 12000 PHP 12000 PHP
FEE 1% 1% 1%
INTEREST AMOUNT 1200 PHP 2400 PHP 3600 PHP
TOTAL REPAYMENT 11200 PHP 12400 PHP 13600 PHP
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