Compare and choose one of :lender lenders.
Information about lenders
Phone number: -
Max APR: 180%
Term: 3 months - 1 year
Age: 20 - 70
Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%.
Address: UNIT 2/C, Murphy Center, 187 Bonny Serrano Road, Socorro, QUEZON CITY SECOND DISTRICT, NCR, PH 1109
Phone number: (02) 8876 84 84
Max APR: 143%
Term: 3 months - 6 months
Age: 21 - 70
Cost example: Loan of 20000 ₱ for 6 months, monthly payment 5716 ₱, total amount 34296 ₱, annual percentage rate APR 143%.
Loans online can be a good and quick solution if you need additional funds. Compare lenders, apply for a loan and get money in your bank account!
General Terms and Conditions for the borrower
Requirements for the borrower:
Permanent resident of Philippines aged 18-75 with any credit history, account in a Philippines bank and active telephone number.
Terms of receiving a loan:
- The first loan is possible from 1000 ₱ to 10000 ₱ with a 0% commission if the loan is repaid on time. Lenders offer different repayment periods at a discount of -100% on commission fee, more information on each lender's website.
- The first time you apply for a loan online, you must register and agree to the terms of the loan.
- Upon receiving the receipt of a loan application, the lender reviews the application and, in the event of a positive response, transfers the money to the bank account from which the registration payment was made. It can take up to 15 to 30 minutes for you to receive the money in your bank account after applying for a loan.
- When borrowing repeatedly, the borrower does not have to pay the registration fee, just choose the amount of money and the repayment term.
Annual Percentage Rate (APR)
The annual percentage rate of charge is the total cost of the credit, which usually includes the interest rate, the fee and other charges for the year, or other similar rate calculated in accordance with local law, expressed as a percentage. The annual percentage rate calculation does not include the costs of defaulting on the credit agreement.
Penalty or renewal policy information
If the loan is not repaid on time, the lender may charge a penalty of the total amount for each day of delay. In the event of late repayment without the agreement of the lender, the lender may unilaterally transfer the debt collection to third party companies.
Repaying the loan on time creates a good credit score that increases your chances of getting a better loan in the future.
Quick loan online will be suited for you if
- There are unplanned costs, but you need to pay for a service or purchase now.
- There are no debt payments.
- If the loan payment does not exceed 40% of your monthly income.
Quick loan online will not be suited for you if
- The loan is taken to repay other debt obligations.
- If you are planning a purchase that does not fit your financial situation.
- If you know for certain that you will not be able to repay the loan within the stated time.
Borrow responsibly when evaluating repayment options. Before borrowing, read the terms and conditions of your credit agreement to make sure you can meet them.
Breakdown of online loans
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 20000 ₱ with an average repayment term of up to 6 months.
What is a quick loan?
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. 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.
Why chose online loans
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.
What is a consumer loan?
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 25000 ₱. 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.
Why choose a consumer loan?
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.
What is a loan with 100% discount or interest-free loan
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 1000 ₱, you will have to return the same 1000 ₱.
What is a jobless loan
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.
What is a loan over the age of 18
Loans over the age of 18 are granted to persons over the age of 18. However, most lenders on the Internet offer loans to persons over the age of 21.
Things to look out for when choosing a lender online
When choosing a lender online, pay attention to:
- loan amount;
- repayment term;
- annual percentage rate;
- age limit of the borrower;
- lender’s working hours;
- the length of the money transfer;
- penalty percentage.
Conditions of receiving a loan
Most lenders offering cash loans on the Internet have requirements for loans:
- be a citizen or resident of Philippines;
- be between 18 and 75 years old;
- have a bank account within a Philippines bank;
- have a valid phone number;
- do not have overdue loan payments or debt.
Can there be multiple loans at the same time
Yes, there can be multiple active loans at the same time
What kind of documents do you need to receive a loan
You need a passport or an ID to get a loan. See the lender’s website for more information.
Is it possible to apply for an additional amount on an existing loan
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.
How fast will the money be deposited on my bank account
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.
Is it possible to borrow if you already have another loan from a bank or other credit institution
Yes. You can borrow, unless you are late on your loan payments and you are on the debtors list.
How fast will I receive the decision
Online loans announce your loan decision within minutes, but no later than one business day.
Why did the lender reject the loan
- You provided incorrect data during the registration;
- You have not repaid your loan by the same lender;
- You are in the debtors’ list.
How much money can I borrow
The lender sets the loan limit for each client individually.
Can I repay the loan in installments?
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.
How much does it cost to extend an online loan repayment term?
The fee for extending the loan repayment term can be found in your user profile.
Where can I make the loan payments
The loan payments can be made through the Internet bank or at any branch of the bank
What information should be included in the payment purpose when making a loan payment
When making a loan payment, you must specify:
- the recipient;
- lender’s registration number;
- recipients bank;
- information for the recipient;
- purpose of the payment;
- payment details;
- loan invoice number;
How long is the lender's contract kept in the lender's database
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. Loans365.ph 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.
Maximum percentage interest rate (APR): 180%. Loan term: from 62 days to 12 months. Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%.