Updated: May 20, 2022

6 months loans

If you're looking for a 6-months loan with no credit check, here are some of the best options available in the Philippines.

Amount

Term (days)

moneycat-logo.svg

MoneyCat Loans

CS201953073

0.4%

Percent, per day

1000 - 25000 PHP

Amount

90 - 180 day

Term

Show more

Features

APR:

from 145 up to 365%

Review time:

1 day

Early Settlement:

no

Guarantor:

no

Client

Age:

20 - 60 years old

Citizenship:

Required

Employment:

Required

Proof Income:

Not required

Disbursement & Repayment

Disbursement time:

1 day

Disbursement methods:

Bank Account;

Repayment methods:

Dragon Pay; GCash; Online Payment;

Pros & Cons

Pros:

You can easily get a loan, in a few steps

You only need to spend 5 minutes to register

You don't have to go to the bank and stand in line. The entire process of obtaining a loan takes place online through a phone, tablet or computer

Cons:

High interest rate

Details

MoneyCat is a financial company that will help you quickly and easily get a loan within 24 hours online. You need to fill out the registration form on the site and go through a quick verification, after which the money will be transferred to your bank account

logo-digido.svg

Digido loans

CS202003056

0.1 - 0.4%

Percent, per day

1000 - 10000 PHP

Amount

10 - 180 day

Term

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Features

APR:

from 143%

Review time:

1 day

Early Settlement:

no

Guarantor:

no

Client

Age:

21 - 70 years old

Citizenship:

Required

Employment:

Required

Proof Income:

Required

Disbursement & Repayment

Disbursement time:

1 day

Disbursement methods:

Bank Account;

Repayment methods:

GCash; Dragon Pay; Online Payment;

Pros & Cons

Pros:

Fast processing of the application within 24 hours

There are no additional payments. Only payments under your loan agreement

Cons:

If you do not pay on time, the credit company may charge you an additional penalty

Details

Digido is an online lending company that has a state license and permissions to provide lending services. You can apply for a loan simply and quickly through the company's website, remembering the registration form. The answer to your application will come within 24 hours and within 24 hours after approval you can receive money to your bank account

kviku-logo.svg

Kviku Personal Loans

0.16%

Percent, per day

1000 - 25000 PHP

Amount

60 - 180 day

Term

Show more

Features

Early Settlement:

no

Guarantor:

no

unacash-logo.svg

UnaCash Personal Loans

0.3%

Percent, per day

2000 - 30000 PHP

Amount

61 - 180 day

Term

Show more

Features

Early Settlement:

no

Guarantor:

no

All you need to know about the 6 months loan

Every day, we are faced with situations where we need money, at times urgently. Our income or savings may not be adequate to cover all the needs and friends may also be going through similar circumstances such that they cannot assist. All is not lost as the assistance is just a click away. There are financial institutions in the Philippines that are ready to assist you in times of need through advancing credit. Among the available products is a 6 months loan, a package that is meant to be paid within six months. With such flexibility, a borrower who qualifies for a 6 months loan with no credit check can get the amount needed and pay it within a relatively long period. Although it is in the category of short-term credit, the loan for 6 months offers the borrower the flexibility of paying in installments. This means that even with little earnings, the borrower can easily pay within the stipulated period.

The features of 6 months loan for bad credit

6 months loan is a short-term personal loan where borrowers are required to pay in full within this period. It comes with the following features:

  • It does not require any collateral; the borrower only needs to prove that they have the means to repay the loan. If you have a regular income whether, from business or employment, you may qualify for the 6 months personal instant loan with no credit check may attract higher interest rates due to the risks involved. Since the lender does not ask for collateral or at times the credit history, he or she needs to cover the risks by charging relatively higher interest rates. Remember you can negotiate for lower interest rates and charges based on your credit history. Therefore work on improving the credit rate so that you can enjoy cheaper loans. Interest rates and loan fees can also vary from one lender to another, so borrowers are advised to compare the rates before applying for credit. 
  • The repayment period may vary from 1 week to 180 days
  • This type of loan can be applied online and if qualified receive the money in less than one hour
  • The amount of paperwork needed for a loan application is minimal 
  • One is not required to present credit history, although it can be used to negotiate for better terms.

What are the advantages of 6-Month Personal Loans?

  • The loan does not require collateral or security, therefore, individuals with no or limited assets in the Philippines also have a chance to borrow and finance their immediate needs
  • The loan is processed quickly making it ideal for emergency needs
  • Lenders do not ask for credit history. This allows those who may have a low credit rating to access loans. 
  • When the borrower pays on time, they have an opportunity to improve their credit rating and in the future qualify for several types of loans including those that require credit checks
  • For those who are paid monthly, it comes as a convenience since the installments are required once per month
  • It involves minimal documentation 
  • Instant approval and disbursement, all this which are done online means that the borrower is saved on travel time.

If you are looking for a short-term personal loan that has minimal requirements yet gives the borrower some flexibility through paying on installments for six months, this type of credit comes in handy. The benefits accorded by the 6 months loan with no credit check mean that you can meet your needs while working to stabilize your financial situation.

Frequently Asked Questions

1. What documents do I need to get a loan?

6 monthly loan involves minimal documentation. All you need is proof of identity such as a valid ID, residency in the Philippines, and a payslip for those who are employed.

2. How quickly can I receive my 6 months loan?

Once you have submitted your application which can be done online. The approval process takes a relatively short period. You can have the loan processed and disbursed within one hour after the application. This will depend on your lender and also whether you have met all the requirements.

3. Can I apply for a six-month loan with bad credit?

Credit history is not required for a borrower to qualify for the loan. So, even borrowers with bad credit can be eligible for the loan if they demonstrate that they can repay the requested amount without defaulting.

Fintree Philippines

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Disclaimer: Fintree Philippines is a loan comparison site that helps users find the best options for their needs. We are not a financial company and we do not provide loans ourselves. We work with a number of trusted partners to offer users a range of loan options to choose from. We don't charge the user for choosing a loan, but we do get a commission from our partners. Please read the terms and conditions of the lending organization carefully before you accept it and make sure you will be able to pay it back on time.