Unsecured Loans in the Philippines

Loan without collateral

Banks carefully check borrowers and as the quality of solvency guarantee require to provide warrants or collateral. But there are other offers on the microcredit market that allow obtaining unsecured loans without rejection for any purpose.

Citibank Philippines
(3,5/5) 163 voice
from to days
(4,79/5) 1597 voice

Robocash Ph

Free loan up to PHP 10 000, for each new client!

PHP 1 000 - 10 000
from 7 to 180 days
interest rate
for 0 % per day
Online Loans
(4.61/5) 499 voice

Online Loans Pilipinas

Money in your pocket in minutes!

PHP 2000 - 20000
from 7 to 30 days
interest rate
for 1% per day
(3.7/5) 12 voice

JuanHand App

We lend our hand to save another Juan

PHP 2000 - 12000
from 91 to 180 days
interest rate
for 12% per day
Money Cat
(4,42/5) 243 voice

Money Cat

Fast, simple and safe

PHP 1000 - 20000
from 14 to 28 days
interest rate
for 2,5 per day
(4,8/5) 25 voice


Only 4 steps to get a loan

PHP 1000 - 20000
from 90 to 180 days
interest rate
for 0.03 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
Loan Load
(4.6/5) 627 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
(4.32/5) 268 voice


Get financing for whatever you need now

PHP 2000 - 20000
from 61 to 90 days
interest rate
for 0,8% per day
(4.73/5) 876 voice


Credit online!

PHP 3000 - 10000
from 5 to 30 days
interest rate
for 0,65% per day
My cash
(4.1/5) 557 voice

My cash

Urgent loans for all!

PHP 2000 - 25000
from 7 to 30 days
interest rate
for 0,8% per day
(3.59/5) 1324 voice


Cash Made Easy

PHP 5000 - 15000
from 7 to 35 days
interest rate
for 1% per day
(3.81/5) 42 voice


Responsible Borrowing, Ethical Lending

PHP 10000 - 2000000
from 1 months to 36 months days
interest rate
for 0,26 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
(4,76/5) 854 voice

24 pera

Probability of approval is 95%!

PHP 1000 - 100000
from 61 to 365 days
interest rate
for 1,28% per day
(4,41/5) 325 voice
PHP 5000 - 35000
from 90 to 365 days
interest rate
for 0,5 % per day

Advantages of unsecured loans

Credit organizations want to receive loan repayment guarantee, so they demand security. This is not only about large, but also small loans. Such a policy is justified, but it creates certain difficulties for people who do not have time or opportunity to search for warrants or to registrate a security deposit. In such situations, you can apply to financial companies specializing in the issue of loans without collateral.

Micro loans have a number of advantages:

  • simplified registration procedure;
  • quick approval;
  • it is not necessary to visit the lender office for registration ;
  • informal income is taken into account;
  • can be obtained with a bad credit history.

But the main advantage – the borrower does not need to provide collateral. This fact greatly simplifies and accelerates access to credit money.

Unsecured loans calculator


Where is it better to take an unsecured loan?

Some banks offer unsecured lending programs, but this is more about a sales pitch. Trying to reduce risks, they carefully check the borrower, require additional documents confirming solvency and, as a result, often reject applications. Therefore, many borrowers apply for microloans in financial companies issuing money on a simplified scheme quickly and with minimal requirements.

Loan Ranger

In Loan Ranger you can get a micro loan for any purpose without collateral. The service works online, what allows you to save time and to make an application for registration without leaving home, avoiding the complexities of bureaucratic procedures.

To get a quick approval of an unsecured loan can both current and new customers. The borrower’s assessment system differs from the traditional one used in banks. This reduces the rejection rate. Individuals can receive money even working unofficially or having a ruined credit history.

Loan Ranger offers:

  • up to 10 thousand pesos;
  • for up to 30 days.

The decision is made within a few hours, maximum within a day. Customers who have already received loans enjoy certain privileges: for them a microloan will be approved faster and on more favorable terms.

Moola Lending

Moola Lending specializes in issuing loans through the simplified procedure with minimal requirements. A positive decision can be obtained by the borrower without confirmation of official income, with a bad credit history, without collateral.

The registration procedure is simple and carried out remotely:

  1. The borrower submits an application on the company’s website.
  2. After application approval, a credit agreement is signed by means of an electronic signature.
  3. Money is transferred to the client’s bank account.

The maximum loan period is 30 days. At the first appeal of the client the sum of 10 thousand pesos is available, but already with the next application it grows up to 20 thousand pesos. It will take no more than 5 minutes to complete the application form. In many cases, the decision is made after a few hours, sometimes it takes up to a day. For borrowers who draw up microloans several times, the lending terms are more convenient, the loan decision for them is made more quickly than for the new ones.

Moola Lending is loyal to customers, it is also subject to funds repayment. If the borrower has problems, and he can not repay the debt in a timely manner, he can extend the microcredit by paying the accrued interest.

Requirements for non-collateral loan

Unsecured loans are issued through the simplified procedure, so the requirements for the borrower are minimal:

  • citizenship of the Philippines;
  • stable income;
  • the age of 18-60 years;
  • active mobile phone number.

As opposed to banks, microfinance companies require a minimum number of documents – government identifier and proof of income. Documents are scanned and attached to the application. It is not officially necessary to confirm income, most companies accept account statements copies or online banking screenshots.

How to get an unsecured loan?

In order to receive a micro credit, you need to be honest with the lender. This should be taken into account when completing the application form. Deliberate or unintentional misrepresentation of facts, as well as mistakes may lead to rejection. After filling in the questionnaire, it is recommended to check the data. Providing information on additional income, you increase the chance for the loan approval. If the borrower earns extra money, for example, he is engaged in freelancing, keeps a subsidiary farm – this must be indicated and confirmed. If he has a car or real estate in his property, it is also necessary to be specified.

Unsecured loans are harder to formalize, but in the credit market of the Philippines today there are quite a lot of offers from financial companies that give a chance to receive money quickly, without collateral and warrants online.

Example of calculating interest and loan payments

TERM 10 days 20 days 30 days
LOAN AMOUNT 11000 PHP 11000 PHP 11000 PHP
FEE 1% 1% 1%
(4,5/5) 115 voice

Written by | Modified date: October 22, 2020

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