Frequently asked questions

Frequently Asked Questions content is informative. You can find the current service prices and all conditions on the website of each lender.
Quick loans are one of the most popular types of loans on the Internet. They gained their popularity by offering quick borrowings in an average of 15 to 30 minutes. When borrowing for the first time, quick loans offer a discount on commissions for up to -100%. As market demand changes, non-bank lenders also offer loans with long-term repayment options. The maximum amount of long-term loans is 200000 ₱ with an average repayment term of up to 60 months.
Most of the quick loans are offered by non-bank lenders. You can apply for a loan using a device with an internet connection. Quick loan is provided to deal with unforeseen and urgent situations.  Cash loan of up to 25000 ₱ is available. This amount depends on the lender’s conditions, more information on each lender’s website. Lenders assess the solvency of each client individually, so the first loan may have a limited amount of cash.
Online loan means: borrowing money is easy. On average, a loan can be applied over the internet in 15 to 60 minutes. Applying for a loan online requires an internet connection, a mobile phone and an active bank account. Applying for a loan is possible by filling out an online application and paying the registration fee if requested by the lender. In the event of a positive answer, the amount will be deposited in your bank account.
A consumer loan is a loan that can be obtained, on average, in one day. You can apply for a loan using a device with an internet connection. Consumer loan is intended to deal with unforeseen and urgent situations. Consumer loan is available by bank transfer of up to 200000 ₱. The size of this amount depends on the lender's conditions, more information is available on each lender's website. Lenders assess the solvency of each client individually, so a loan may have a limited amount of cash.
A consumer loan can be obtained within one day, and the loan can be repaid in months. Applying for a consumer loan requires a device with an internet connection, a mobile phone number, and an active bank account. You can apply for a loan by filling out an online application.
An interest-free loan is a loan where the lender does not charge any money for the use of the loan, and the borrower repays the exact amount of money he borrowed. Quick loans often offer the first commission free of charge, some lenders hold promotional periods when they can get unlimited interest-free loans. For example, if you borrow 300 EUR, you will have to return the same 300 EUR.
A jobless loan is a loan issued to people without a job, such as an unemployed person receiving unemployment benefit. Currently, fewer lenders are offering loans to people without a job.
Loans over the age of 20 are granted to persons over the age of 20. However, most lenders on the Internet offer loans to persons over the age of 21.

When choosing a lender online, pay attention to:

  • loan amount;
  • repayment term;
  • annual interest rate;
  • age limit of the borrower;
  • lender’s working hours;
  • the length of the money transfer;
  • penalty percentage.

Most lenders offering cash loans on the Internet have requirements for loans:

  • be a citizen or resident of Philippines;
  • be between 20 and 65 years old;
  • have a bank account within a Philippines bank;
  • have a valid phone number;
  • do not have overdue loan payments or debt.
Yes, there can be multiple active loans at the same time
You need a passport or an ID to get a loan. See the lender’s website for more information.
Contacting the lender may increase the loan amount. If you receive an additional amount, the due date of the loan may change. More information on the relevant lender's website.
Most money transfers are made during the lender's business hours. Fast loans offer you an average of 15 minutes if the lender and the borrower have a bank account in a matching bank. If you have a bank account within another bank, you can get the money you need up to three days after the application is processed.
Yes. You can borrow, unless you are late on your loan payments and you are on the debtors list.
Online loans announce your loan decision within minutes, but no later than one business day.
  • You provided incorrect data during the registration;
  • You have not repaid your loan by the same lender;
  • You are in the debtors’ list.
The lender sets the loan limit for each client individually.
It is possible to make loan repayments in installments within the loan repayment term, i.e. you can make multiple payments. If it is not possible to repay the loan within the term specified in the contract, you must contact the lender personally. Quick loans offer an extension of the loan repayment term. You can find out the amount of the renewal fee in your user profile or by contacting the lender's customer service department.
The fee for extending the loan repayment term can be found in your user profile.

The loan payments can be made through the Internet bank or at any branch of the bank

Yes. The loan can be repaid at any moment.

When making a loan payment, you must specify:

  • the recipient;
  • lender’s registration number;
  • recipients bank;
  • account;
  • information for the recipient;
  • purpose of the payment;
  • payment details;
  • loan invoice number;
The concluded loan agreement is stored in the lender's database for an unlimited period. Upon receipt of a written request from the client, the contract may be sent to the address specified by the client.

The website Loans365.ph is an independent broker that provides consumers with free information on the special terms of a lender's loan agreement and other relevant information. Kreditsvisiem.lv does not issue loans and is not a lender. On the website, the peer-to-peer lenders have a special license to provide the consumer credit service.