Online salary loan in the Philippines

Quick salary loan

The average salary of Filipinos is not high. Citizens of the Philippines earn approximately from 400 to 800$ per month. In this regard, Filipinos are often obliged to take payday loan from microfinance institutions, to cover hospital bills, utilities or to make purchases, which could not be delayed.

Salary loan –  is a common service in the Philippines. It is a short-term cash loan that is granted for a certain number of days and has nothing in common with a Bank loan. The article will tell about the advantages of such loans, requirements for applicants and provide a list of reliable Philippine financial institutions.

(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
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
(4.69/5) 764 voice


Credit online!

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

Advantages of the fast payday loan

The main advantage of applying to such creditors is a 100% guarantee of receiving money. As a rule, to such organizations apply those who for any reason can not issue a loan or does not want to contact with a Bank. The company has no interest in the client’s credit history (and whether it is at all). Also, microfinance institutions, in contrast to banks, do not require borrowers to provide a large package of documents.

The second advantage is time saving. A person who applies to the credit company, intends to obtain the salary loan immediately, without wasting time on signing contracts, waiting, etc. Completed questionnaires are considered in an hour, and the applicant gets money on the same day.

The third advantage is the individual approach to clients. Before issuing a loan, the creditor gets to know the financial capabilities of the client and his life situation. Therefor,the interest rate is selected (from 0.5% per day) and is determined the maximum period of using the credit (from 5 days to several months).

Online salary loan calculator


Where is it better to take a payday loan

You should learn about  the offers of several companies and make a choice in favor of the best option, in order to the conditions of cooperation fully satisfy the customer. We, therefore, suggest considering the loan programs of well-known Philippine financial organizations:


The process of cooperation with this organization consists of the following steps:

  1. The client declares how much he would like to borrow and for what purpose. During the negotiations, the staff member selects the financial program. Commissions for providing services will not be charged from the applicant.
  2. The company approves the request in 5-10 minutes. The client is provided with additional instructions to complete the identification process.
  3. The applicant receives money in a couple of hours on his card or in cash.

Requirements for borrowers:

  • to have the citizenship of the Philippines;
  • the age from 22 to 60 years;
  • availability of a settlement account or a bank card.

The interest rate is calculated from the amount and period of the return of money. A client who receives 20,000 PHP will return 26,000 PHP (in this case the interest rate is 1%). The less the period of use of money is, the higher is the percentage. In case the client  borrows 5 000 PHP for 30 days, he will return 6 500 PHP (30% rate). You can use the online calculator on the main page of the website Monily to calculate the percentage.

Cash Mart

This is an online organization that offers Filipinos to borrow money via the Internet. The principle of cooperation is the following:

  1. The future borrower fills in a questionnaire on the web site. Within 24 hours, the staff member of Cash Mart communicates with him for further details.
  2. The applicant sends photocopies of documents to the company’s mail, and after that is waiting for confirmation of the online application.
  3. Money arrives at client’s account within a few hours.

Requirements for borrowers:

  • the age from 21 to 60 years;
  • to have the citizenship of the Philippines;
  • to have an officially confirmed source of income.

Cash Mart provides a personal salary loan, the amount of money is from 5 000 PHP to 50 000 PHP. The minimum interest rate is 3.6%.


The process of cooperation is similar to the previous one. To confirm the identity in this company, along with a passport, an additional document is presented: a driver’s license, the ID of a company employee, etc. If the client formalizes a loan for covering utilities, MoneyTree requires a copy of the invoices.

The approval for the payday loan comes quickly – within 24 hours. The available loan amount is from 2 000 to 10 000 PHP. The minimum rate is 10%. You can use the calculator on the main page of the company’s website to calculate percentage.

Requirements for the payday loan

The rules of different companies are mostly similar. Absolutely all organizations are ready to cooperate only with adult citizens of the Philippines, who have a valid passport and a stable income.

Some organizations offer low interest rates (from 0.5 to 3%), but are less loyal. Such organizations require to prove formally what will be the money spent on. Also, the applicant is obliged to confirm his ability to pay – to provide a notification from the workplace or in any way connect the staff member of the credit company with the employer.

How to make the payday loan be approved?

To get a quick approval of the salary loan, you need to have a stable income. Despite the fact that such companies rarely pay attention to the borrower’s credit history, having a good history will be an advantage.

Creditors verify the information specified in the questionnaire. Therefore, you need to be as honest as possible filling in the document: specify all available coordinates for communication, pay attention to each point.

When specifying the address, mobile number and other coordinates, you need to carefully recheck what was written. Any misprint can be perceived as an attempt to hide information about yourself, which reduces the chances to obtain the loan.

Applying for a payday loan is a good deal. The borrower receives money on the day of application and can return them within a couple of weeks without overpaying thousands of pesos. It is easy to understand the principle of interest rates calculating. You need to multiply the desired amount of money by the minimum percentage, and then multiply the result by the number of months the credit is expected to be used. This number should be added to the amount of the loan and then the whole amount divide by the number of months of using the money. This way can be used by customers who apply for a personal loan while they contact the company personally.

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%
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