It can be daunting to find the best loan app in the Philippines. At Lafingo, we make this task a lot easier. Thanks to our seasoned and independent loan evaluators, we have the list of the most suitable online loan app in the Philippines for March 2025.
Most popular online loans in 2025 ⭐
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Info and reviewLoan from PHP 1,000 to PHP 20,000 Experience easy borrowing with Cash-Express. For a 7-day loan, you’ll benefit from 0% interest on the principal for the first week, transitioning to just 1.99% daily interest after that. Similarly, with a 14-day loan, the interest rate is 1% for the first 14 days, with a low daily rate of 1.99% for any subsequent period.Fast approval; as fast as 5 minutes All digital Easy and intuitive interface Requires only a valid IDCash-expressGet a loan
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Info and reviewLoan from PHP 1,000 to PHP 25,000 The maximum annual loan rate is 143%. Take the amount of PHP 20,000 and a period of 6 months. In this case, your monthly payment will be only PHP 5,000, and the total cost of interest will be 2,383 pesos monthly. The availability of a loan calculator in the Philippines helps the Filipino have a clear idea about the optimal loan amount, term, and repayment before subscribing to any loans.Only requires one ID 0% IR for first-time borrowers Fast disbursementDigidoGet a loan
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Info and reviewLoan from PHP 1,000 to PHP 25,000 Cash2go provides loan offers ranging from ₱1,000 to ₱25,000 for durations of 61 to 120 days. Lending rates vary by lender, with rates from 0% up to a maximum APR of 143%. For example, if you take out a loan of ₱1,000 with an interest rate of 36% per year and plan to repay it in 3 months, the total payment after 3 months would be ₱1,090.Fast processing and approval Personalized approach Intuitive platformCash2GoGet a loan
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Info and reviewLoan from PHP 500 to PHP 20,000 MoneyCat understands that not everyone may have a perfect credit history. While a good credit score can be beneficial, it’s not always a strict requirement for loan approval. MoneyCat considers various factors, including your income and repayment capacity, when evaluating loan applications.Fast approvals User-friendly online app 0% interest for new clients All digitalMoneycatGet a loan
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Info and reviewLoan from PHP 500 to PHP 30,000 Assume you apply for a loan of 30,000 PhP at a monthly interest rate of 4.5% for a 3-month period. By the loan’s due date, you’ll be charged an additional 4,050 PhP. Hence, your total repayment will be 34,050 PhP. For further clarity, here are interest calculations that reveal the repayment sum (inclusive of interest) for typical service users. Loan amount: 30,000 PhP; monthly interest: 4.5%; loan term: 3 months. The 3-month period accrues interest at 4.5(%) * 3(months) = 13.5%. This equates to (13.5% * 30,000 PhP (loan amount))/100% = 4,050 PhP (accumulated interest). So, 30,000 PhP (loan amount) + 4,050 PhP (interest) = 34,050 PhP, which is due in three months. If a payment is delayed, the penalty fee is 0.10% daily, but it won’t exceed 10% of the loan amount. In case of significantly overdue payments, your information will be reported to a credit bureau. However, a loan extension can be arranged if the lender is informed promptly (before the loan due date) and if the interest for the original loan period is paid. No extra charges apply for loan extensions.40+ online lending partners Fast application and approval High approval rateMazillaGet a loan
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Info and reviewLoan from PHP 1,000 to PHP 25,000 Credy provides loan offers ranging from ₱1,000 to ₱25,000 for durations of 61 to 120 days. Lending rates vary by lender, with rates from 0% up to a maximum APR of 143%. For example, if you take out a loan of ₱1,000 with an interest rate of 36% per year and plan to repay it in 3 months, the total payment after 3 months would be ₱1,090.0% interest on the first loan Easy online application process Quick feedback, only 10 minutesCredyGet a loan
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Info and reviewLoan from PHP 500 to PHP 25,000 Crezu does not charge any service fees. It’s absolutely FREE! The loans offered have minimum repayment terms of 61 days (2 months) and maximum repayment terms of 120 days (4 months). Lending rates vary from lender to lender in the range from 12% to a maximum APR of 36%. For example, for a loan of ₱ 10,000 that will be paid in 3 months, the total payment of the loan will be ₱ 15,000.0% interest on the first loan Does not ask for credit history Easy and fast applicationCrezuGet a loan
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Info and reviewLoan from PHP 1,000 to PHP 25,000 Max. APR (annual percentage rate) 180%. Calculation example: 5000 ₱ and a loan term of 3 months, total payment within 3 months: 14810 ₱, of which interest on the loan: 9810 ₱. The minimum loan repayment period is 3 months and the maximum loan repayment period is 1 year.Zero service charges Zero interest for first-time borrowers Fast loan application decisionCredifyGet a loan
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Info and reviewLoan from PHP 500 to PHP 50,000 The maximum available amount of loan is up to 50 000 pesos The minimum loan term is from 61 days to 60 months. The minimum interest rate is 11.9% per annum, the maximum is no more than 365% per annum.No background checks Quick loan processing Only reliable lending companiesZaimooGet a loan
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Info and reviewLoan from PHP 1,000 to PHP 50,000 Full loan repayment – You can pay the entire loan on or before the Next Payment date without any additional costs. You can check the total amount to be paid and payment terms for the loan by logging into your Finbro account. Minimum payment – In case you cannot pay your full repayment yet, Finbro offers an option to make Minimum payment which will prolong your Next Payment date for 7, 14 or 30 days. Details can be found by logging into your Finbro accountMinimal documentation required Fast processing of the application Loans up to PhP 50,000FinbroGet a loan
Why Choose Lafingo for Online Loan sa Pilipinas?
Jumping from one online loan app to another to find the best suited for your needs is tedious and time-consuming. And even then, you can’t do a side-by-side comparison of the online loans available in the country that easily. If you find yourself asking “what is the best loan app in the Philippines?”, then take a look at our platform, Lafingo.
As a leading online loan comparison platform, Lafingo helps users compare the pros and cons of each loan app in the Philippines. No need for lengthy and tiresome research. Simply use our platform to learn everything you need to knowabout the different loan types available on the market and find the best available online loan for your needs.
Here are the benefits of leveraging Lafingo website:
- We compile the latest loan offerings – Whether you need a car loan, consumer loan, or emergency loan, you will find the latest offers from legit loan companies.
- Easily compare according to criteria – The different types of loans being offered these days and the many choices available can be quite confusing. Lafingo lets you compare loans according to your chosen criteria.
- Only legitimate sites included – Unfortunately, many claim to be licensed online Philippines loan providers but are actually fly-by-night lenders. Lafingo only includes those loan apps operating legally within the country.
- Quick search – Lafingo’s interface is intuitive and easy to use. No need to spend considerable time trying to understand how our platform works.
The Basics of Online Loans
Most people will need to take out a loan at a certain point but many don’t fully understand how loans work.
A loan is money provided by one party to another with the promise to pay the principal or full loan amount plus interest. The lender—either a person or entity lending the money—often considers’ the borrower’s income, debt history, and credit scores before granting the prospective borrower’s loan request.
Other lenders choose to impose higher borrowing costs or interest rates on those they deem high-risk borrowers.
A loan has various elements.
- Principal: The amount of money being borrowed.
- Interest: This is the cost of borrowing in percentage of the principal amount. The interest rate is typically expressed annually via the annual percentage rate.
- Loan Term: The amount of time that the borrower has to repay the loan. The time a borrower has to repay the loan amount plus interest.
- Loan Payments: This is the amount of money the borrower must pay weekly or monthly depending on the loan terms. Borrowers are often provided an amortization table that indicates the principal, interest rate, and weekly or monthly loan payment amount by the lender.
Online loans have all the elements above. But unlike other loan types, online loans typically are received and processed quickly since they are meant to solve the urgent financial needs of borrowers. The best loan app online can process an application in less than 15 minutes.
Non-bank sector companies typically provide online loans that can be completed using any smart device. The loan amounts, however, may be lower than other loan types since the processing and vetting time of the borrower is quicker. Online loans do not require as much paperwork as other kinds of loans, but their interest rates are typically higher.
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Info and review Cash-express.ph Experience easy borrowing with Cash-Express. For a 7-day loan, you’ll benefit from 0% interest on the principal for the first week, transitioning to just 1.99% daily interest after that. Similarly, with a 14-day loan, the interest rate is 1% for the first 14 days, with a low daily rate of 1.99% for any subsequent period.Get a loan
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Info and review Digido.ph The maximum annual loan rate is 143%. Take the amount of PHP 20,000 and a period of 6 months. In this case, your monthly payment will be only PHP 5,000, and the total cost of interest will be 2,383 pesos monthly. The availability of a loan calculator in the Philippines helps the Filipino have a clear idea about the optimal loan amount, term, and repayment before subscribing to any loans.Get a loan
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Info and review Cash2go.ph Cash2go provides loan offers ranging from ₱1,000 to ₱25,000 for durations of 61 to 120 days. Lending rates vary by lender, with rates from 0% up to a maximum APR of 143%. For example, if you take out a loan of ₱1,000 with an interest rate of 36% per year and plan to repay it in 3 months, the total payment after 3 months would be ₱1,090.Get a loan
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Info and review Moneycat.ph MoneyCat understands that not everyone may have a perfect credit history. While a good credit score can be beneficial, it’s not always a strict requirement for loan approval. MoneyCat considers various factors, including your income and repayment capacity, when evaluating loan applications.Get a loan
The Online Loan Process in the Philippines
In recent years, online loans have gained significant popularity and are expected to continue to experience steady growth. Should you need to take out an online loan in the Philippines, here’s the process you will need to follow.
- Loan offer comparison- You’ll need to check out the lenders’ loan offers to find the best loan for your needs. Different firms offer various loan terms at different times of the year.
- Choose a top online loan application – Consider the interest rates, and loan term conditions before choosing a single lender. Also, keep in mind your financial capabilities at the moment and your present and future cash flow.
- Online loan registration- You will need to register at your chosen online loan firm by filling out the application form. Make sure to provide and submit all the required information and documents to complete the registration process to avoid delays in the loan application and processing.
- Receipt of the loaned money- The money from your loan online will be credited to the bank account you provided to the lender shortly after your loan was approved.
What is The Best Loan App in the Philippines for March 2025?
Online loans in the Philippines has been gaining more ground as more people use smartphones. These days, one no longer needs to find a computer to process an online loan as any smart gadget like phones or tablets will make it easy to access to apply for a loan online in the Philippines.
It is imperative to find a licensed, trusted online loan app that will allow you to secure loans safely. If you are in search for the best loan app PH, below are three of the popular online loan apps in the Philippines this March 2025.
- Digido
Digido offers a wide range of loan products including home loans, auto loans, and personal loans. Formerly named Robocash, this online lender offers up to PHP 25,000 in a single loan, payable in three to six months. Borrowers will need to fill out an application form and submit a valid ID.
- ACOM Co Ltd.
Tokyo-based ACOM Co Ltd offers unsecured loans to Filipinos up to PHP500,00. Borrowers must have at least a monthly salary of PHP 10,000 and must submit a government-issued ID and proof of employment.
- Tonik
Tonik offers quick approval of money loans as fast as one hour. One can borrow as much as PHP20,00, payable in six to 12 months. Borrowers must fill out the application form in the app and submit one valid government-issued ID.
Lafingo’s Comparison of Financial Services
Aside from online loans in the Philippines, Lafingo’s evaluators offer their expert insights on other financial services.
- Credit cards – Credit cards offer short-term credit, allowing their holders to pay for goods and services and even withdraw small amounts of money. These payment cards impose a credit limit and offer an interest-free period. Borrowers who fail to pay the full amount of their short-term credit will be charged interest by the credit card companies.
- Insurance – It is a financial instrument offering compensation or protection when something happens unexpectedly to a person or property. There are different kinds of insurance including life, health, property, and travel.
- Savings and Investments – These are primarily intended to help individuals build capital over a long period. Savings like deposit accounts in a bank or government-backed securities are deemed safe financial strategies but offer lower returns.
In contrast, investments such as bonds, stocks, or mutual funds are considered riskier strategies but typically offer higher yields for investors. Either way, both savings and investments are geared toward people who want to become financially secure in the long term.
- Peer-to-Peer (P2P) Lending – As its name suggests, P2P is a kind of loan online where an individual loans money to another directly. An online platform usually connects the prospective borrower to a lender who is looking to gain higher returns than putting his or her money in a conventional bank deposit.
Frequently Asked Questions ❓
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What are the legal online loan apps in the Philippines?
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Is Lafingo’s online loan comparison free?
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Will Lafingo help me apply for a loan?
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Are online loans in the Philippines safe?
