Quick Cash Loans For Unemployed People

Getting a loan for unemployed in the Philippines

Find a job with a high wage and keep it is not an easy task for Filipinos. Unforeseen quarrels with bosses, deteriorating health condition, lack of opportunity to improve professional qualification and other problems can cause unemployment. Until a new job is found, how is it possible to feed the family and pay bills? The answer is simple. One can use microcredit services. A small and easy loan for unemployed Filipinos is issued by several microfinance organizations. Let us find out which companies give loans before one gets the salary, and check out loan terms for individuals.

(4,78/5) 1547 voice

Robocash Ph

Receiving money in any way 24/7!

PHP 1000 - 25000
from 7 to 30 days
Online Loans
(4.65/5) 483 voice

Online Loans Pilipinas

Money in your pocket in minutes!

PHP 2000 - 20000
from 7 to 30 days
interest rate
for 1% per day
(4.11/5) 398 voice


Guarantee of a loan on a card!

PHP 2000 - 20000
from 10 to 180 days
interest rate
for 0% per day
(3.12/5) 1237 voice


Cash Made Easy

PHP 5000 - 15000
from 7 to 35 days
interest rate
for 1% per day
Cash Mart
(4.33/5) 489 voice

Cash Mart

The most convenient loan!

PHP 5000 - 30000
from 7 to 30 days
interest rate
for 0,8% - 3,5% per day
24 pera
(4,78/5) 714 voice

24 pera

Probability of approval is 95%!

PHP 1000 - 100000
from 61 to 365 days
interest rate
for 1,28% per day
Loan Load
(4.83/5) 588 voice

Loan Load

Round-the-clock loans in the Philippines

PHP 5000 - 50000
from 61 to 365 days
interest rate
for 2,3% per day
(3.98/5) 435 voice


The most convenient loan!

PHP 2500 - 15000
from 10 to 90 days
interest rate
for 0,83% per day
(3.21/5) 451 voice


Guaranteed loan for a card!

PHP 2000 - 30000
from 7 to 30 days
interest rate
for 1% per day
(4.69/5) 764 voice


Credit online!

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

Benefits of loans for the unemployed

Many financial companies in the Philippines work online and give non-cash loans. Therefore, to receive funds, you just need to visit the website of the organization you like, fill out the application form and wait for approval. The whole process takes less than 10 minutes, and the money is transferred to the account specified by the borrower (the bank account should be active) within 15 minutes – 2 working days. It depends on the creditor and the particular work of the bank where the bank account is opened.

There are other advantages:

  • Rapid approval of the application;
  • Option to extend repayment terms;
  • Fully confidential treatment;
  • There is no need to visit the bank branch;
  • There is no need to bring a set of documents for a creditor;
  • Registration on the website for managing borrowed funds and applications;
  • Transparency of lending: the repayment amount, loan terms and interest rate are available to the borrower during the loan processing;
  • No need for collaterals or guarantors.

In addition to making an immediate decision regarding the loan, microfinance organizations give an opportunity to choose the loan amount (limited from 1,000 to 10,000 Filipino pesos for the first loan) for the borrower. In order to do this, use a calculator available on the website of the creditor’s company.

Loan Calculator for the Unemployed


Where it is better to get emergency loans for the unemployed?

Taking a loan from a bank even for a minimum amount without a certificate of employment is complicated because in this case the borrower is insolvent. Microfinance organizations are less scrupulous in checking a candidate. However not all of them offer advantageous lending terms – low interest rate, minimum time to cash, partnership with a large number of Philippine banks, etc. Here we made a list of reliable financial companies.

Binixo Corporation

It is one of the first companies in the Philippines, which proved itself in the microcredit market. The organization offers instant loans for unemployed individuals and premium financial solutions. The daily interest rate is 1%. If the loan is overdue, an additional 1% is added to it. The minimum loan amount is 2 000 PHP. Maximum (after the first subsequent positive experience of cooperation) – 20 000 PHP. The term of issuing a loan is from 1 to 30 days. From Binixo Corporation, money is transferred to the account very quickly – 15-20 minutes. This period may be shorter if the borrower’s account is opened in a partner’s bank.

Emergency Loans INC

The company offers services in the microfinance market of the Philippines, the US and some other countries. The loan is issued in dollars. Approval of the application takes about 24-48 hours. However after confirming borrower’s data the money is transferred immediately. The minimum loan amount is $ 100. The maximum one is from 5 000 $ and above. The loan terms are from 7 days to 1 month. The solvency certificate is not requested by this company, as well as the collateral, so you can’t expect getting a big loan.

Loan Ranger

This microfinance organization issues loans to individuals without a permanent place of work, with a bad credit history, etc. It has been in the microcredit market of the Philippines for several years. It offers the borrower advantageous lending conditions, but the maximum loan amount of this company is lower than that of the others. It is only 10 000 PHP. A big advantage is that the approval term for the application in the Loan Ranger is only 1 day. However before applying, a borrower should to estimate one’s capabilities, because the minimum loan amount is 3 000 PHP (you can not reduce the amount). Loans terms are from 5 to 30 days.

Fcash Global Finance Inc

The company has released a new product “Fast Cash-online” for mobile borrowers.  Filipinos who have a smartphone can get an online loan for the unemployed, installing Fast Cash app on their phones. It is available free of charge in online stores Google and AppStore. The system of loan calculating is no different from the calculating presented on websites. The borrower chooses the necessary amount and loan term. The application automatically calculates the final payment. The funds will be transferred to a bank account or online wallet in 3-7 minutes after the application approval. The application is connected to the account, so it takes less time to check your phone and e-mail. The company promises to take a decision regarding the loan within 12-24 hours.

Requirements for loans for unemployed

To get an unemployed loan, the borrower must meet a number of requirements:

  • Age 22-60 years (foreign companies working in the microcredit market of the Philippines provide loans to people aged 18-21, but not all of them do so);
  • Residence registration in Manila or other areas of the Philippines;
  • A valid bank account (It should belong to the borrower and shouldn’t be closed);
  • Receiving financial assistance.

It is worth asking which banks the selected creditor cooperates with when applying for a quick unemployed loan. Some organizations make immediate transfers only to the cards of partner banks.

What can be done to have one’s unemployed loan approved?

The main rule of the instant receipt of a loan is reliable and complete information about the borrower. When filling out the application form, one needs to enter only official data about active bank accounts and unlocked phone numbers, e-mail. If the lender does not need to look up customer data, he will check it faster. It is very important to repay a previous unemployed loan in a timely manner. Positive cooperation is the key to increase company’s confidence in the borrower. Moreover microfinance organization will have more confidence in Filipino, who is searching for a job and receives unemployment benefits.

Financial companies rarely check the overall credit history of the borrower. However borrower’s attitude to the loan taken from them is strictly monitored. Therefore, the main advice is to estimate one’s capabilities soberly. It is worth remembering: the borrower himself chooses the amount and the loan term!

Example of calculating interest and loan payments

TERM 10 days 20 days 30 days
LOAN AMOUNT 10000 PHP 10000 PHP 10000 PHP
FEE 1% 1% 1%
(4,64/5) 129 voice

Оставить комментарий

Notify of