Online loans with long-term payment: 6 to 12 months
By MoneyNow editorial deskEvery rate on this page is taken from the issuing authority — SSS, PhilHealth, Pag-IBIG, the BIR, the NWPC or the SEC — and carries the date it took effect. Where a figure cannot be sourced we say so rather than estimate.
Why four months is the line
Most online loans in the Philippines are short: two weeks to four months, one lump repayment. Since 1 April 2026 that bracket is also the one the SEC caps — unsecured loans of ₱10,000 or less over four months or less cannot exceed 12% a month effective, and their total cost cannot exceed the amount borrowed. The 2026 interest rate cap, explained sets out the four ceilings.
A long-term online loan is, almost by definition, a loan that sits outside that protection. Lenders know this. It is why several products begin at 61 days and why twelve-month terms are offered so readily: the longer the term, the smaller the monthly figure looks, and the less the regulation binds.
Who lends over six to twelve months
| Provider | Term published | Amount published | What it is |
|---|---|---|---|
| Finbro | Up to 12 months | ₱1,000 – ₱50,000 | Direct lender, SEC-confirmed operator |
| HoneyLoan | 61 – 364 days | ₱1,000 – ₱30,000 | Direct lender, SEC-confirmed operator |
| Kviku | 61 – 180 days | Up to ₱50,000 | Direct lender, self-declared registration |
| MoneyCat | 3 – 6 months | ₱500 – ₱20,000 | Direct lender, SEC-confirmed operator |
| LoanOnline.ph partners | 91 – 180 days | ₱500 – ₱25,000 | Marketplace; the partner sets the term |
| CashSpace partners | 61 – 120 days | ₱500 – ₱25,000 | Marketplace; the partner sets the term |
Figures are the providers’ own published ranges as of our last check; each review page links the source. A first loan is usually approved for less than the headline maximum, and the term you are offered may be shorter than the longest one advertised.
What the longer term actually costs
Three of these lenders publish a worked example, and the examples are more useful than any advertised rate.
- Finbro, twelve months: borrow ₱1,000, pay ₱660 in processing and ₱660 in interest, repay ₱2,320. Total cost 132% of the principal. Legal, because twelve months is outside the capped bracket.
- HoneyLoan, 180 days: borrow ₱3,000, repay ₱5,160 in six instalments of ₱860. Total cost ₱2,160, or 72% of the principal, at its published 0.4% a day.
- Kviku, 135 days: borrow ₱5,000, repay ₱14,906. Total cost ₱9,906, or 198% of the principal, which is why Kviku’s maximum annual rate is published as 730%.
Put your own offer through the loan calculator before comparing: enter the pesos you were quoted and it returns the effective monthly rate and the total, on the same arithmetic as the examples above.
Monthly instalments versus a single payment
A six-month loan repaid monthly is a different product from a six-month loan repaid in one sum at the end, even at the same rate: instalments reduce the balance each month, so less interest accrues on a diminishing principal, and each payment is small enough to survive a bad week. For the same reason a monthly product is harder to fall behind on than a balloon payment the size of a month’s salary. If the schedule in the disclosure statement shows one line, ask whether an instalment version exists.
The cheaper long-term loans most people overlook
If you are an active SSS or Pag-IBIG member, the two-year loans from those funds are the cheapest long-term credit most Filipinos can reach. On ₱20,000, the SSS salary loan at 10% a year diminishing works out at about ₱922.90 a month over 24 months — roughly ₱2,150 in interest plus a 1% service fee — and the Pag-IBIG multi-purpose loan at 10.5% a year at about ₱927.52 a month. Neither is fast, and both need posted contributions. For anyone who qualifies, they make a twelve-month app loan look very expensive.
Before you choose the long option
Ask three questions. What is the total in pesos, not per month? Does the term push the loan past ₱10,000 or four months, taking it outside the cap? And can you pay it off early — some lenders recompute interest on early settlement and some do not, and the difference on a twelve-month term is large. Lowest interest loans in the Philippines ranks the options by what they really cost.
Questions people ask
Which online loan has the longest payment term in the Philippines?
Among the providers we track, HoneyLoan publishes terms up to 364 days and Finbro up to 12 months. Kviku goes to 180 days, MoneyCat to 6 months, and the marketplaces' partner panels generally run 61 to 180 days. The SSS salary loan and Pag-IBIG multi-purpose loan run 24 to 36 months, but only for members.
Are long-term online loans covered by the SEC interest rate cap?
No. The ceilings under SEC Memorandum Circular 14 apply to unsecured loans of ₱10,000 or less with terms of four months or less. A six- or twelve-month loan sits outside them, and can lawfully cost more than the amount borrowed in total.
Can I pay an online loan in monthly instalments?
Yes, where the product is built that way. HoneyLoan's published example is six monthly instalments of ₱860 on a ₱3,000 loan; MoneyCat's terms run three to six months. Single-payment products are still common at the short end, so check the schedule in the disclosure statement before you accept.
Is a 12-month online loan cheaper?
Cheaper per month, more expensive in total. Finbro's own published example repays ₱2,320 on ₱1,000 over twelve months — ₱660 in processing and ₱660 in interest. The monthly figure is small; the cost is 132% of the principal.
Sources
Last updated 2026-08-21.