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ACOM REVOMAX Cash Loan

Flexible tenure loans up to ₱500,000!

Max Loan Amount

₱ 500000

Minimum Salary
₱ 7000 /month
Processing Fee
₱1,000.00
Max Tenure

360 days

Extra Purchasing Power for EveryJuan!

RFSC Personal Loan

Receive up to ₱20,000 additional cash from your RFSC disbursed loan when you apply and get approved via iMoney Philippines. T&Cs apply.

Max Loan Amount

₱ 100000

Minimum Salary
₱ 15000 /month
Processing Fee
6% of approved loan amount
Max Tenure

360 days

Extra Purchasing Power for EveryJuan!

RFC Multi-Purpose Personal Loan

Get MORE CASH up to P15,000 when you apply and get approved for any RFC loan via iMoney Philippines! T&Cs apply.

Max Loan Amount

₱ 100000

Minimum Salary
₱ 18000 /month
Processing Fee
Max Tenure

360 days

No income requirement Doctors Loan

Global Dominion Financing, Inc. Doctors Loan

Borrow up to ₱300,000 with no income requirement. Approval in 1-3 days.

Max Loan Amount

₱ 300000

Minimum Salary
₱ 0 /month
Processing Fee
5% of approved loan amount
Max Tenure

360 days

Extra Purchasing Power for EveryJuan!

RFC Financing Loan

Get MORE CASH up to P15,000 when you apply and get approved for any RFC loan via iMoney Philippines! T&Cs apply.

Max Loan Amount

₱ 100000

Minimum Salary
₱ 18000 /month
Processing Fee
N/A
Max Tenure

1440 days

Cashwagon Cash Loan

Apply for a loan with a monthly income of as low as ₱6,000! Loan tenure up to 30 days only

Max Loan Amount

₱ 20000

Minimum Salary
₱ 6000 /month
Processing Fee
N/A
Max Tenure

30 days

TALA Philippines

Apply for a TALA cash loan whenever, wherever! Loan tenure up to 30 days only

Max Loan Amount

₱ 10000

Minimum Salary
₱ 0 /month
Processing Fee
N/A
Max Tenure

30 days

South Asialink Finance Corporation OFW Personal Loan

Avail a fast cash OFW loan that is catered to suit your needs.

Max Loan Amount

₱ 250000

Minimum Salary
₱ 20000 /month
Processing Fee
5.5% of loan amount
Max Tenure

360 days

South Asialink Finance Corporation Seaman Loan

Fast, available funds for a Seafarer's financial needs

Max Loan Amount

₱ 250000

Minimum Salary
₱ 20000 /month
Processing Fee
5.5% of loan amount
Max Tenure

360 days

Asteria Personal Loan

Hassle-free loan application! Get approved for a bigger loan amount on your next loan application!

Max Loan Amount

₱ 20000

Minimum Salary
₱ 10000 /month
Processing Fee
10% of loan amount
Max Tenure

360 days

How Do Online Cash Loans In The Philippines Work?

Online cash loan is a loan that you can apply online directly without visiting the lender's office physically. Communication and exchange of information between the borrower and lender will be done online throughout the loan application process.The application is quick and hassle-free. Most online loans are unsecured and will only require minimal documentary requirements. The release of funds is also very convenient as it's directly transferred to your bank account or debit card. However, compared to the conventional personal loans offered by banks or private lenders, the loan amount, especially for first-time borrowers may not be as big.

Are Online Loans Legit?

Financing and lending companies that legally operate online and cater to Filipinos are required to be registered under DTI and the SEC. They usually have a physical office set up within the Philippines and can be easily tracked if untoward circumstances arise.

How Do You Ensure The Online Cash Loan Lender Is Legit?

To apply for online cash loans from a legit lender, borrowers will only need to provide supporting documents such as proof of identification, address, and income. They should not be asked to pay an upfront fee of any sort. Applying for a loan from an online loan company is safe, as long as you only deal with the legitimate companies. However, if you are still wary about these new types of loans, you can always apply through conventional personal loans in the Philippines for your peace of mind!

How Can I Get A Personal Loan Instantly?

Most personal loans online offer quick approval, some offer same-day approval while most is 24 business hours approval. The most common factor that causes a delay in loan approval is incomplete documents. If you want your loan to be approved within the given time frame or as fast as possible, gather all the complete documents first before submitting it to the loan provider.

What Is The Difference Between An Online Loan And A Personal loan?

Personal loans is a broad term for loans that are offered to individuals and can be used at their own discretion. Online loans are specific types of personal loans that are completely processed online, from the application, approval, reimbursement, to the repayment.

Where Can I Go To Borrow Money Fast?

Online loan providers typically provide same-day or 24 hours approval. Simply apply for a loan with these online loan providers through iMoney and get your funds disbursed fast! Among the online loan providers who offer the fastest approval are the following:

How Much Can I Borrow From Online Loan lenders?

Initial loans from online lenders usually start at ₱7,000. However, the amount of loan you can borrow will increase every time you fully pay your loan on time.

Can I Apply For A Loan Online?

Yes, you can now apply for a loan online. There are various online loan providers in the Philippines and most of them are paperless and hassle free. You just need to apply on their website, fill-in your information, upload your documents, and then wait for a few hours to a day for confirmation.

Am I Eligible To Apply For An Online Loan?

Online cash loan lenders are not as strict in eligibility compared to conventional banks. For starters, you must at least meet the following criteria:

  • Currently residing in the Philippines
  • Must be residing in the same address for a year
  • Applicants can be employed, self-employed or professional
  • The applicant must at least be employed for 1 year in the same company
  • Minimum net monthly income as low as ₱6,000, some even have none!
  • Must have a bank account and email address

How Do I Apply For An Online Loan?

Applying for a personal loan online is fast and hassle-free. You can do it in a few simple steps depending on the loan provider.

  1. On the product list above, click on the "Apply" button on the right-side of the name of the loan product of your choice.
  2. Fill in the application form.
  3. You will land on the page signifying a successful application process and you will also receive an automated email with details regarding your application. Alternatively, you can also be redirected to the lender's application page.
  4. Upload the necessary documents.
  5. Wait for a call from the lender within 24 hours (1 working day) from the time of application.
  6. Wait for the money to be released as fast as 24 business hours up to 5 business days from the approval, depending on the lender.

What Are The General Documentary Requirements?

  • 3 months' pay slips (employed) or bank statements (self-employed)
  • Certificate of employment (for employed) or ITR (for self-employed)
  • 2 Valid IDs
  • Utility bill as proof of address
  • Bank account under the borrower's name

Do I Need To Have A Good Credit History To Apply For An Online Loan?

It's important to have a good credit history to hasten the process and increase your chances, but some online loans with low amounts will grant you a chance to build a credit history with them.

How Fast Is The Application And Approval Process?

Online loans can process loan applications in a couple of hours to a day. They're faster than regular personal loans.

How Will I Know If I'm Approved? How Can I Check My Application Status?

Online loans have their own websites or apps where borrowers are required to create their accounts. Should you want to check the status of your application, you simply need to log-in to your account.

Once Approved, How And When Can I Receive My Loan?

Once approved, your loan will typically be disbursed to your bank account or GCash within 24 hours.

No Collateral Or Credit Card Needed

Most online cash loans don't require any collateral or a credit card!

What Are The Loan Terms Offered By Online Cash Loan Lenders?

Online cash loans can be considered as short-term loans as their loan tenure is usually up to 12 months, and the turnaround time of the application is usually shorter (around 1 to 3 business days) provided that you fulfilled all the requirements.

Term 3, 6, 12 months
Turnaround 1- 5 business days
Interest rates 0.8% - 3% per day

What Are The Interest Rates For Online Loans?

Online loans typically impose higher interest rates than regular personal loans from banks or more established financing companies. Their interest is usually 10% or more per month!

What Are The Other Fees, Charges, Or Penalties For Online Loans?

Online loans usually charge processing fees, this amount can vary depending on the amount of your loan. Late fees are also common for overdue payments.

What Is The Best Online Loan For Me?

The answer relies greatly on your needs and eligibility. There are different types of online cash loans for different individuals. For example, there are online loans marketed towards OFWs, entrepreneurs, and the regular salaried employee.

To choose which type of loan best suits you, check out our list of the top online loans in the Philippines.

What Are The Best Online Loans In The Philippines?

Depending on how much you need, when you need it, and your qualification, finding the 'best' online loan will take more consideration than just the loan amount. Here are the recommended online loans to apply for based on different circumstances:

Quick approval with less documents: Cashwagon Cash Loan, Tala Philippines
Low salary requirement: Tala Philippines, Cashwagon Cash Loan
Bigger loan amount: Global Dominion Salary Loan
Longer payment term: RFC Personal Loan, Global Dominion Salary Loan

What Is The Best Online Loan App In The Philippines?

Initially, only a few online cash loan providers develop their own app to make the loan application experience easier for their customers. Nowadays, there are various online loan apps that you can just download from Google Play Store to directly apply for a personal loan conveniently. If you want to skip the long queue in banks and just have your online loan application done through your phone, here are a few mobile apps that we recommend:

What Are The Usual Payment Options?

Online loans have very convenient payment channels. You don't need to visit their office to make a payment over the counter, although you can. Here are other payment channels you can use to make payments for your online loan:

  • Bank Transfer
  • Remittance Center (M Lhullier, Cebuanna Lhuillier)
  • Payment centers
  • 7-11 (via DragonPay)

Is Early Settlement Allowed For Online Loans?

Early settlements are allowed, but the interest rates upon taking up the loan will remain the same.

What's The Loan Renewal Process For Online Loans?

Renewal processes are easier and faster given that you managed to pay and complete your loan promptly. Some online loan providers may ask you for an updated proof of income while others may just require you to sign a few documents.

If My Loan Application Is Rejected, Can I Re-apply?

You can only reapply after 6 months.

How Do I Use An Online Loan Calculator?

Just enter the amount of loan and your preferred payment term. The online calculator will then present loan packages available on the market which matches with the information you entered. The calculator will sort the loan packages from the lowest interest rate and will provide a computation of the monthly repayment.You can click on the "Apply" button beside each loan provider presented to proceed with the application.

What Happens When I Default On My Loan?

Most online cash loan companies hire a collection agency for defaulted payments. If you default a payment, that will count against your credit history with the lender. The Philippines is yet to have a centralized system to track a person's credit record. However, these lending companies may have access to credit records tracked by private financial entities such as banks and other private lending companies. Chances are high that if you default a loan, it might count against you on your next loan application with another provider.

Another important matter to take note is that, while jail time isn't a common sanction for defaulted loans, a certain extent of legal action to coerce settlement of unpaid debts will be taken by the creditors.