Term 90 - 180 days
Rate 0,01 -1% per day
Amount (PHP) 2,000 - 20,000
Age of borrower 22 - 70 years

Online Loans Pilipinas – is a financial service that lets Filipinos borrow money without the need for an in-person meeting. These loans are ideal for a number of reasons, including emergency situations, medical emergencies, or even a holiday. To learn more about these loans, read on for a few of the benefits they have to offer, as well as the requirements and interest rates. It is also important to note that there is a limit to the amount of money borrowers can borrow.

Benefits

When you’re in a financial pinch, Online Loans Pilipinas are a great way to get the cash you need without having to go to a bank branch. Not only are online loans faster and easier to get approved for, but OLP don’t require a bank account! If you’re a repeat borrower, you can also apply for another loan without having to provide any additional documentation. The Philippines has an extremely high Internet penetration rate.

While traditional bank branches offer loans, they tend to be short-term in nature. In short, you can get a loan in the amount of two thousand PHP. You can also get a loan in the amount of one hundred thousand pesos. You can apply online for a loan in Online Loans Pilipinas and pay it off online, or through a money transfer center. In addition to online loans, a wide range of financial companies offer cash loans to OFWs. These are great for those who don’t have a bank account or credit card. Likewise, if you need extra cash for a special project, you can take out a top-up loan.

Requirements

Requirements for online loans in the Online Loans Pilipinas are generally less strict than those of conventional brick-and-mortar banks. If you can provide two valid IDs, your application will be approved with minimal documentation. Online loans can also be taken out for any purpose. Borrowers must be a regular employee of an accredited company partner.

To avail of Online Loans Pilipinas (OLP), you must be a resident of the Philippines and be at least 21 years old. The loan application process will also require you to upload documents to prove your employment and income. The bank statement and three-month payslips are also required. Upon approval, the money will be released to you within one to five business days. Some time lender offer a weekly installment payment scheme. For your convenience, you can also opt for a loan over the Internet if you do not have a regular bank account.

Interest rates

The number of banks and lenders in the Philippines is low, but the distribution of their services is far from optimal. Over 70% of the population lives in rural areas and is not served by formal banking services. This leaves many borrowers stranded in far-flung towns and cities, making it difficult to get a loan from a bank. In addition, the long and tedious documentation process makes applying for a loan from a bank an unpleasant experience. Online Loans Pilipinas, however, are a far better option, and most of them require only a valid ID card and income proof.

There are various advantages of online loans in the Philippines. For one, you can choose the interest rate according to your needs. Most online lenders do not cross-sell other products, so you don’t have to worry about being pestered by them for other products. Online loans are often approved faster than at a brick-and-mortar bank, and they do not involve the hassle of paperwork. Moreover, the loans are available to people with bad credit and require minimal documentation.

Loan limit

The limit of online loans in Online Loans Pilipinas can range from as low as 2,000 PHP to as high as 100,000 PHP. OLP are able to offer loans of this amount, but the amount of a subsequent loan may be higher. The amount of the loan can also be paid back through online money transfers or through money transfer centers.

Online Loans Pilipinas is SEC-registered. This certification will allow the company to operate in the Philippines. There are two ways to check whether your lender is legitimate. You can check the lender’s SEC certificate, which shows that it is registered with the SEC, the government agency that oversees the corporate sector in the Philippines. You can also visit the SEC’s website to see if they’re a legitimate business.

Fees

One of the best features of Online Loans Pilipinas is their speed. Because the approval and disbursement process is automated, loan applications are usually processed within a few minutes. The online system evaluates these applications in a matter of minutes, and approved borrowers receive their money directly into the account of their choice in as little as a few hours. Another benefit is that repeat borrowers do not have to supply any documentation for a second loan.

Online Loans Pilipinas contacts:

Phone: (02) 405 5171

Email: [email protected]

Sсhedule: From 9 am to 9 pm (Monday – Saturday)