When it comes to securing funds for emergencies or big purchases, looking for legit online loans in the Philippines can be a bit tricky. With so many options out there, how do you know which ones you can trust? Worry not! We’ve rounded up 20 legit and trusted online loan options for Filipino families. From small emergency loans to more significant amounts, these lenders are all registered with the Securities and Exchange Commission (SEC), ensuring that you’re dealing with reliable institutions. Plus, we’ll give you tips on how to avoid scams!
Legit Online Loans Philippines
1. Tala Loan
Loan amount: Up to ₱25,000 | Interest rate: 0.43% to 0.5%
Tala is a favorite when it comes to legit loan apps in the Philippines. With fast approval and a simple process via the mobile app, you can get approved in less than five minutes!
2. CIMB Personal Loan
Loan amount: ₱30,000 to ₱1 million | Interest rate: Starts at 0.83%
Need a bigger loan? CIMB offers personal loans up to ₱1 million with a quick digital application. Just make sure you’re employed or have a steady income!
3. Atome | Legit Online Loans Philippines
Loan amount: ₱500 to ₱50,000 | Interest rate: Starts at 1.75%
Atome’s Buy Now, Pay Later feature is handy for in-store and online purchases. No interest if you pay within three months!
4. Cashalo Cash Loan
Loan amount: ₱1,000 to ₱7,000 | Interest rate: Starts at 3.95%
Looking for a small amount? Cashalo gives you access to quick cash, perfect for minor emergencies. Just download the app!
5. GLoan | Legit Online Loans Philippines
Loan amount: Up to ₱125,000 | Interest rate: 1.59% to 6.99%
Activate your GLoan feature through GCash and instantly get cash straight into your GCash wallet—no hassle!
6. Home Credit Cash Loan | Legit Online Loans Philippines
Loan amount: ₱3,000 to ₱150,000 | Interest rate: Starts at 2.32%
Home Credit is popular for in-store financing, but they also offer personal loans through their app. Just submit two valid IDs and you’re good to go!
7. JuanHand Online Cash Loan
Loan amount: ₱2,000 to ₱25,000 | Interest rate: 9% to 12%
JuanHand makes getting cash easy and fast, with loans disbursed in just a few hours.
8. Maya | Legit Online Loans Philippines
Loan amount: ₱15,000 to ₱250,000 | Interest rate: Starts at 0.83%
If you’re a Maya user, you might be eligible for a personal loan right through the app.
9. Moneycat
Loan amount: ₱500 to ₱20,000 | Interest rate: 11.9% per month
Moneycat is an excellent option for short-term loans when payday is still days away.
10. SLoan | Legit Online Loans Philippines
Loan amount: Up to ₱100,000 | Interest rate: 1% to 5%
Frequent Shopee shopper? You might be eligible for SLoan, where you can withdraw cash to your ShopeePay or bank account.
11. Vidalia Online Loans
Loan amount: ₱5,000 to ₱500,000 | Interest rate: 4% to 6%
Vidalia provides personal, salary, and business loans. They operate as a peer-to-peer lending platform, where funds come from investors.
12. GDFI Loans
Loan amount: Starts at ₱10,000 | Interest rate: Starts at 1%
If you’re looking for longer-term loans, GDFI offers options that cater to various needs, from personal to car financing.
13. Finbro Loan
Loan amount: ₱1,000 to ₱50,000 | Interest rate: 6% after the first loan
Finbro’s first loan is interest-free! It’s perfect for quick cash without the burden of high interest.
14. Digido Instant Online Loan | Legit Online Loans Philippines
Loan amount: ₱1,000 to ₱25,000 | Interest rate: 0% for new customers
One of the fastest options, Digido offers a fully automated system and loans can be released within hours.
15. Cash Mart Personal Loan
Loan amount: ₱3,000 to ₱150,000 | Interest rate: 0.06% to 1% daily
Cash Mart is great for personal loans, especially for small business owners and Grab drivers.
16. Blend PH Loan
Loan amount: ₱50,000 to ₱2 million | Interest rate: 1% to 8%
Blend PH offers various loans for personal and business needs, with a straightforward application process.
17. SB Finance Online Loans
Loan amount: ₱10,000 to ₱2 million | Interest rate: 1.25% to 2%
SB Finance offers personal, car collateral, and motorcycle loans, with some of the lowest interest rates in the market.
18. UNO Digital Bank Personal Loan
Loan amount: ₱10,000 to ₱500,000 | Interest rate: Starts at 2%
UNO is one of the first neobanks in the Philippines, offering a hassle-free loan application process via their app.
19. Radiowealth Finance Cash Loan
Loan amount: ₱10,000 to ₱5 million | Interest rate: Depends on lender approval
Need a business loan? Radiowealth offers up to ₱5 million, but collateral is required.
20. Asialink Finance Corporation Loans
Loan amount: Varies based on asset value | Interest rate: As low as 1.5%
Asialink is known for offering collateral loans without requiring you to surrender your vehicle.
How to avoid getting scammed on online loans
With so many legit online loans in the Philippines, it’s crucial to avoid scams. Here are a few tips to keep you safe:
- Check for SEC registration – Only borrow from SEC-registered lenders. You can check their registration on the SEC website.
- Don’t give sensitive information upfront – Legit lenders don’t ask for fees or sensitive information like your passwords before approval.
- Beware of too-good-to-be-true offers – If a loan promises unrealistically low interest rates or instant approval without verifying your identity, it’s likely a scam.
By choosing from trusted and legit online loans, you’re making sure your family’s financial needs are met without the risk of being scammed.
Want to know more about online loans scam? Check this article!
