Personal loan with low-interest rate in the Philippines

Personal loan with low-interest rate in the Philippines

When applying for a loan, most Filipinos consider the interest rate. Getting a loan in the Philippines, especially at the lowest interest rate, is a double win.

A personal loan is also called a consumer loan. Generally speaking, It is any amount of money borrowed that you can use to meet your personal needs. You can borrow loans from banks or lenders for any purpose.

Getting loans is not as messy as you think. You are at the right place where you will get access to every bit of information you need to know. So, be with us and make it easy.


How To get a personal loan with a low-Interest rate in the Philippines

Prime requirements

  • Have a good credit history.
  • A stable source of income.
  • No need for collateral. 

Most Filipinos typically get a personal loan for the following purposes


  • Medical emergencies
  • Home Improvement
  • Clearing the debts
  • A new Business venture
  • Special occasions
  • Travel/ Vocational trip
  • Purchase of Furniture/appliances/gadgets
  • Educational purposes And many more

Common Eligibility criteria


You must meet the following Eligibility Requirements: 

  • A Filipino Resident with a minimum age of 21 and not more than 64 years.
  • Having a minimum gross annual income source.
  • Employed or running a profitable business if self-employed.
  • A mobile number/ a landline number.
  • An email address.

Consider the factors before you apply

  • The amount you need
  • Duration and term of the loan
  • Rate of interest per month
  • Additional charges
  • Documents required
  • Mode of receiving the money

Documentation Required

Mainly you need to get close to you the following documents: 


  • The personal loan application form was completely filled out.
  • A valid government-issued ID.
  • Scanned photograph and signatures.
  • Latest payslip.
  • Latest income tax return Form (ITR).
  • If self-employed: Tax receipt and financial statements audited by an independent auditor, latest ITR etc.
  • For foreigners: A valid passport, residency proof, and an ACR.

Duration for the approval of loan


It usually takes 2 to 7 business days after you submit the documents. You will get a call/ text message or an e-mail for loan approval.

You may also call and ask for an update regarding your loan application.

How to apply 

  1. Scroll back to the top of the page and choose to Apply For Loan.
  2. Provide the details. 
  3. Attach the documents needed.
  4. Tick on Agree to Terms and conditions.
  5. Submit the Application Form.
    6. Wait until your loan application gets reviewed.


Keep digital copies of the essential documents ready with you. It will help you to upload the documents easily.

The Terms and Conditions Document

It is an agreement for your loan. It contains the guidelines on the use of your loan. This document is vital in helping you to manage your personal loan responsibly.

Terms And Conditions include

Do read the terms and conditions carefully. Don’t skip any point to avoid unpleasant consequences. You can dodge some charges if you keep every fact in mind.

Terms and conditions cover these crucial details:

  • Estimation of your monthly installments
  • Start and the due date of your monthly installments
  • Terms of Repayment
  • Any additional charges for missed payments
  • Terms for repayment of money before maturity
  • Taxes and charges that the lender will have to pay
  • In case of being a defaulter

To Summarize 

Hope! You got all the necessary information that you needed regarding the loans. 

If you're interested in getting an instant loan to meet your financial needs, go ahead and apply for it. 


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