|Min. financing amount||₱ 20000|
|Max. financing amount||₱ 100000|
|Min. loan tenure||3 months|
|Max. loan tenure||12 months|
|Interest rate||4% per month|
|Approval duration||Up to 3-5 banking days|
|Processing fee||4% of approved loan amount|
|Disbursement & misc. fee||N/A|
|Late payment charges||N/A|
|Min. salary requirement||₱ 30000|
|Guarantor / Collateral requirement||No|
|Need to open linked bank account?||Yes|
For your urgent financing needs, LF Lending has you covered. A Fintech company that pioneers online consumer financing, they are focused on providing hassle-free, instant cash loans without any collateral. Using their cash on demand platform that aims to simplify the approval process and long queues, you can immediately borrow funds for any purpose in as fast as 24 hours! Promising an easy application process and fast turnaround time, their service offers the simplest and quickest way to solve your budget problem. Aside from interest, processing, and service charges, there won’t be any other fees required, as long as you pay on time.
Advantages Of Applying With LF Lending:
For a smooth application process, check the eligibility requirements below:
The initial loan from LF Lending Educational Loan is ₱7,000.
With LF Lending Educational Loan, borrow from as low as ₱7,000 up to ₱20,000 on your next loan, subject to approval.
An applicant must fulfill LF Lending's eligibility criteria for a loan:
Consequently, after filling out an application form, the following documents are necessary:
*Additional documents may be required during credit evaluation.
The interest rate of your initial loan is 40% of the loan approved. However, this can go down to 20% on your succeeding loans.
The LF Lending Educational Loan calculator computes the estimated cost of borrowing and amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
No, you cannot. Gcash is not listed as their payment channels.
LF Lending collects payments through their DragonPay payment partners, which can be accessed in the following establishments:
The initial loan is due after 30 days from the date of the approval.
There will be a late payment charge of ₱500 every 3rd, 10th, 20th, 30th day of default. On top of that, you will not be allowed to loan again.
In a booming industry with an ever growing number of online loan providers in the market, it can be quite a challenge when selecting the right product based on your need. Aside from your required preference, you need to be sure that you are dealing with a reputable company that can be trusted. In making a decision, these should be the top criteria you have to look into and based on their credentials, LF Lending Educational Loan complies to most of these aspects. An excellent option for those looking to borrow funds fast and pay up in the shortest amount of time, LF Lending Educational Loan offers loan amounts up to ₱20,000 with same day approval and payable up to 30 days. There are also no processing, disbursement, or any miscellaneous fees, with a very low monthly income requirement of just ₱6,000. So if these are the qualities you are looking for in getting a loan in the shortest amount of time, then LF Lending should be on top of your list.
Rest assured that with Citi, you’re in good hands with one of the largest global banks in the country. If you have a monthly income of at least ₱21,000, you can borrow as much as ₱2M with a long loan tenure of up to 5 years. Aside from the salary requirement, you must be 23 to 54 years old and should also have an existing non-Citi credit card for 3 months, or a Citi credit card for at least 6 months. Expect fast processing lead time between 24 to 48 hours. The interest rate is 15.16% per year.
Whatever the purpose, EastWest Bank gives you the opportunity to borrow additional funds for any urgent or emergency need. Having a local bank backing you up, you can expect quick and easy processing within 5 to 7 banking days. You can loan from as low as ₱25,000 up to a max of ₱2,000,000, payable from 1 up to 3 years. The charge will be 1.89% monthly add-on interest rate. To qualify for a loan, you have to be 21 to 65 years or age, and must have at least ₱15,000 gross monthly income.
For additional funding, count on one of the biggest international banks to provide efficient and reliable service with HSBC. With an add-on monthly interest rate that starts from 1.21%, borrow up to ₱500,000, payable from 6 months to a maximum of 3 years. HSBC also offers a low income requirement of just ₱14,000 per month, with a total 2 years of employment. Borrowers must also be at least 21 to 60 years of age.
If these options still don’t fit your requirements, you can view our entire list of low interest online loans so you can compare details and choose the best provider based on your need.