Updated: July 11, 2022

Cash loans

Are you in need of a quick cash loan? Get an online cash loan in as fast as 24 hours with no collateral required!

Amount

Term (days)

moneycat-logo.svg

MoneyCat Loans

CS201953073

0.4%

Percent, per day

1000 - 25000 PHP

Amount

90 - 180 day

Term

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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

Unionbank.png

Unionbank Quick Loans

0000036073

4%

Percent, per month

1000 - 1000000 PHP

Amount

1 - 12 month

Term

Show more

Features

Early Settlement:

no

Guarantor:

no

Client

Age:

21 - 65 years old

Citizenship:

Required

Employment:

Required

Proof Income:

Required

Cash loans in the Philippines

Have you ever been stuck in a financial fix and needed a quick large amount that you could pay back instalmentally? What you needed was a cash loan. A cash loan is a personal loan you can use to handle unexpected financial emergencies and then pay back in specific installments till you are done. Cash loans usually come with interest rates attached to them which are spread over a period of time ranging from a few months to a few years. When you apply for a personal cash loan, you get the money in a lump sum, and the payment is divided into the agreed timeframe for you to pay back.

Advantages of a cash loan in the Philippines

There are different reasons why you should apply for a cash loan in Philippines, and here are some of them:

1. The process is quick and seamless.

More often than not, applying for a cash loan requires you to fill out a few things online and then data verification, and in a few minutes, you are done. A few hours after filling out that application and doing your verifications, you will be credited with the amount you applied for. You do not have to stand in a long queue waiting for the customer service at a bank or all the checks when you are getting the loan. In some cases, you can get your cash in 30 minutes even; the process of getting a cash loan is time-saving.

2. Less information is needed.

In many cases, when you want to get a loan, you have to give a series of information, including the reason you need the loan. Sometimes, people have to lie in loan applications in order to get the loans because there is a chance that they may not get approved because of how flimsy their reasons are. With cash loans, the reason you need the money is not the business of the establishment giving you the loan.

All that matters is that you need a loan, and they can verify your details. You do not need to write a long personal statement using lies and sob stories to pad a two paged document for the money you still need to pay back. The loan company just needs to know that you can pay back the loan you are collecting, and that is all.

3. There is no paperwork involved.

If you were taking a different kind of loan, you might need to carry a lot of paperwork, asset declarations, certificates of ownership, and all of that to get a loan. With cash loans, you do not need even one piece of paper; all you need is online. If you lose important paperwork when seeking a loan that requires a lot of paperwork, you may not get that loan. With cash loans, you do not need single paperwork, so you are not losing any.

4. The interest rates are low.

Before you get loans in the Philippines, you probably have to worry about the rates. However, with the best cash loans, Philippines people can now get personal cash loans with low-interest rates. This should make it easier for anyone who wants to pay off their loans in a short time.

5. Your data is secure.

Many of these online cash loan platforms do have secure end-to-end encryption to protect the data in their coffers. You do not need to worry about losing your important data to fraudsters because your details are secure on the platforms. However, to be sure, you can read the terms and conditions to be sure of how much information you are giving out and whether or not your details will be shared with a third party.

Who is eligible for a quick cash loan

As we explained earlier, you do not need to give an elaborate reason as to why you need a cash loan; you just have to provide verifiable details. Therefore, anyone who can repay a cash loan at the specified time is eligible for a quick cash loan. As long as they can verify your details and see that you are able to repay the loan at the time you are given, you can get a cash loan in an hour in the Philippines. You must also be above 18 years and have a steady income rate according to bank details.

How to choose the best company to cash loans

There are numerous companies offering cash loans these days; you may even be able to get cash loans from banks and other big corporations. With a number this large, deciding on which company will handle your loan needs might be too much mental work. So, here are a few ways you can do your search for the perfect company to provide you with cash loans.

📊 Check their interest rates.

The first thing you should check out from a loan company is their interest rates. If the interest rates, when looked at cumulatively, are more than half of the cash you are borrowing, then you need to find another loan company. Compare the interest rates with each other until you are sure you have found the one favorable for you and your needs.

👨‍💻 Check the details required.

In some cases, some cash loan platforms may require more details than you can give or are comfortable with giving; you do not need to stay with that platform. Online cash loan apps naturally do not need much from you; if they are asking for too much, they are probably not genuine, or they may be; they are just stressful. Either way, seek loan companies who are fine with just important basic details.

📝 Check the terms and conditions.

People often fall prey to terrible loan conditions because they signed and agreed on a document that they did not read. Do not let that be you; always read documents from start to finish before making a commitment to that loan company. If the terms are not favorable, you can always move to another company.

🏦 Find verifiable loan companies.

Even though almost everything we do these days is done online, you need a loan company that has an office you can see sometimes. Simply check for ‘cash loans near me online, and you will find all the cash loans the Philippines offers. Sieve through them and make your choices based on your needs and preferences.

Example of calculating interest and loan payments.

Before you take a loan, you must know how to calculate your loan interests so that you are not being scammed into paying more interest than is expected.

Here is how you can do this

The formula for calculation is this: A = P (r (1+r)^n) / ( (1+r)^n -1 )

A= Payment amount per period

p= Initial principal or loan amount (for example, 10000 PHP)

r= Interest rate per period (in this case, we will be using 12 months, and the rate at 7.5%)

n= The total of the entire payment period (we are using 5 years)

Now, using the formula, our calculation should be like this.

P=10,000 PHP

r=7.5% for 12 months = 0.625

n= 5 years x 12 months = 60

So now we have a total of 60 periods.

Now, the breakdown

10,000 (0.625 x (1.00625^60) / ((1.0625^60)- 1)

10,000 (0.625 x 1.45329) / (1.45329 - 1)

10,000 (0.625 x 1.45329) / (1. 45329 - 1)

10,000 (0.908306 / 0.45329)

10,000 (0.2003808) = 200.38 PHP

Where is it better to take a cash loan online

There are numerous companies offering cash loans; as long as you have done your checks and found the one with a good interest rate and security, then you can choose it. Be careful when making your choice, and do not end up picking an online loan platform that provides express money but has no bankable principles. We have collected only proven companies where you can get a cash loan.

Final thoughts

Now and again, everyone needs extra cash to solve emergency problems; with the existence of online loan platforms offering instant cash loans, you can now pay for these emergencies. As long as your details are verifiable and you can repay these loans, getting a personal cash loan should be very easy. The best part about these loans is that you can get your money in a matter of minutes or hours, but it would not take a whole day or more.

Fintree Philippines

© 2022 Fintree.ph


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.