Personal Loan Philippines

Last update 26.02.2024
PH - Digido
★★★★★

Sponsored

Loan Amount 10 000 - 25 000 php
Loan period 1 - 6 mo.
Minimum age 21 year
Interest rate 143 %
  • Get your first loan with 0% interest

  • Payout to your account within 4 minutes

  • Don't require guarantors or guarantee deposits

PH - Loanonline
★★★★

Sponsored

Loan Amount 500 - 25.000 php
Loan period 3 - 12 mo.
Minimum age 20 year
  • Quick response time

  • Borrow money anytime anywhere

  • Competitive interest rates

PH - Finbro
★★★★

Sponsored

Loan Amount 1.000 - 20.000 php
Loan period 12 - 12 mo.
Minimum age 20 year
  • 0% interest on first loan

  • Fast response on SMS

  • No guarantor nor a payslip

Personal Loan Philippines; Things You Need to Know

Personal Loan Philippines is a type of unsecured loan that can be used for a variety of purposes, such as consolidating debt, paying for medical bills, or making home improvements. In the Philippines, there are many banks and financial institutions that offer personal loans. Some of the popular options are:

  1. BPI Personal Loan – BPI offers personal loans with flexible repayment terms of up to 3 years, and loan amounts of up to PHP 1,000,000. The interest rates range from 1.2% to 1.5% per month.
  2. Metrobank Personal Loan – Metrobank offers personal loans with loan amounts of up to PHP 2,000,000, and flexible repayment terms of up to 5 years. The interest rates range from 1.49% to 1.99% per month.
  3. Security Bank Personal Loan – Personal loan Security bank offers loan amounts of up to PHP 2,000,000, and repayment terms of up to 3 years. The interest rates range from 1.39% to 1.99% per month.
  4. BDO Personal Loan – BDO offers personal loans with loan amounts of up to PHP 1,000,000, and repayment terms of up to 3 years. The interest rates range from 1.25% to 1.75% per month.
  5. Citibank Personal Loan – Citibank offers personal loans with loan amounts of up to PHP 2,000,000, and repayment terms of up to 5 years. The interest rates range from 1.26% to 1.68% per month.

It’s important to compare the interest rates, repayment terms, and other fees and charges of different personal loan options before deciding on one. Additionally, make sure to read the terms and conditions carefully before applying for a personal loan.

Personal Loan Philippines

Advantages of Personal Loan

There are several advantages of personal loans that make them a popular choice for individuals who need to borrow money. Some of the key advantages of personal loans are:

  1. Unsecured: Personal loans are unsecured, which means that you don’t need to put up any collateral (such as a house or car) to secure the loan. This can be beneficial for individuals who don’t have assets to use as collateral, or who don’t want to risk losing their assets if they are unable to repay the loan.
  2. Flexible: Personal loans are flexible, in that they can be used for a variety of purposes. Whether you need to consolidate debt, pay for medical expenses, or make home improvements, a personal loan can be used for almost any purpose.
  3. Predictable payments: Personal loans typically come with fixed interest rates and fixed repayment terms, which means that you’ll know exactly how much you need to repay each month and when the loan will be fully repaid. This can make budgeting easier and more predictable.
  4. Quick access to funds: Personal loans can often be approved and disbursed quickly, sometimes within a few days. Personal loan fast approval Philippines are common. This can be beneficial for individuals who need money quickly for unexpected expenses or emergencies.
  5. Credit building: Taking out and repaying a personal loan can help to build your credit score, as long as you make your payments on time and in full. This can be beneficial if you’re looking to improve your credit score and credit history.

Overall, personal loans can be a useful financial tool for individuals who need to borrow money for a variety of purposes. However, it’s important to carefully consider the terms and conditions of any loan before signing up, and to make sure that you can afford to repay the loan on time and in full.

Banks Offering Personal Loan

In the Philippines, there are several banks and financial institutions that offer personal loans to individuals who need to borrow money for various purposes. Popular banks that offer personal loan Philippines include BPI, Metrobank, Security Bank, BDO, and Citibank.

BPI offers personal loan Philippines with flexible repayment terms of up to 3 years, and loan amounts of up to PHP 1,000,000. The interest rates range from 1.2% to 1.5% per month. Metrobank, on the other hand, offers personal loans with loan amounts of up to PHP 2,000,000, and flexible repayment terms of up to 5 years. The interest rates range from 1.49% to 1.99% per month.

Security Bank personal loan Philippines with loan amounts of up to PHP 2,000,000, and repayment terms of up to 3 years. You can check your monthly amortization through security bank personal loan calculator. The interest rates range from 1.39% to 1.99% per month. Security Bank cash loan charges a one-time processing fee of PHP 2,000. Security bank loan requirements include the need to be a Filipino citizen or a foreigner with a valid Philippine residence visa. You also need to be between 21 and 65 years old, and have a minimum monthly income of PHP 15,000 to avail Security bank loan.

BDO offers personal loan Philippines with loan amounts of up to PHP 1,000,000, and repayment terms of up to 3 years. The interest rates range from 1.25% to 1.75% per month. Lastly, Citibank offers personal loans with loan amounts of up to PHP 2,000,000, and repayment terms of up to 5 years. The interest rates range from 1.26% to 1.68% per month.

HSBC Bank offers personal loans to eligible customers who need to borrow money for various purposes. HSBC personal loan Philippines offer loan amounts of up to PHP 2,000,000, depending on your eligibility. The repayment terms for HSBC personal loans range from 6 months to 36 months. The interest rates for HSBC personal loans start at 1.20% per month. The interest rate may vary depending on your creditworthiness and other factors. You can compute your tentative amortization and net loan through personal loan calculator HSBC offers in their website.

Maybank offers personal loan Philippines to individuals who need to borrow money for various purposes. Maybank personal loans offer loan amounts of up to PHP 2,000,000, depending on your eligibility. The repayment terms for Maybank personal loans range from 12 months to 36 months. The interest rates for Maybank personal loans start at 1.30% per month. The interest rate may vary depending on your creditworthiness and other factors. You can compute your tentative amortization and net loan through personal loan calculator Maybank offers in their website.

It’s important to compare the interest rates, repayment terms, and other fees and charges of different personal loan options before deciding on one. Additionally, make sure to read the terms and conditions carefully before applying for a personal loan.

Personal loan fast approval Philippines

If you need a personal loan with fast approval in the Philippines, there are several options available. Online lenders such as Tala and Cashwagon offer quick and easy application processes, with loan approval in as little as 24 hours.

Traditional banks such as BPI, BDO, and Metrobank also offer fast approval personal loan Philippines, with processing times ranging from 1 to 5 business days. It’s important to carefully compare the interest rates, repayment terms, and fees of different lenders before choosing the one that’s right for you.