An online loan in the Philippines usually means borrowing from a lending or financing company rather than a bank. The application happens entirely on a phone, the money lands in GCash, Maya or a bank account, and the whole thing can be done in an afternoon. That speed is the product — and it is also why the market attracts operators who should not be lending at all. Two things decide whether an offer is reasonable, and neither is the advertised daily rate. The first is who actually lends you the money: several of the best-known names here are marketplaces that forward your application to lenders they work with rather than lending anything themselves. The second is the effective interest rate, which includes processing and service fees, and which is the figure the SEC ceiling is written against. Below are the providers we list, split by which of those two they are, with each one's registration status as far as we have been able to verify it.
Best for Seeing a real example first
Unusually for a marketplace, Moneezy publishes a representative example — ₱10,000 over three months at ₱900 in interest and fees, an APR of 36% — before you hand over anything. That is more disclos…
Best for Reaching several lenders after a decline
The marketplace we would use first after a decline. One application reaches several lenders, and unlike its sister brand Crezu — both are Fininity Ltd — the representative example it publishes is c…
Best for A first loan at 0%
A genuine 0% first loan with no processing fee, from a licensee that names itself clearly as the sole lender on its own platform. Worth taking for the first loan on that basis alone. Be more carefu…
We earn a commission when you apply through some of the links on this page, and that can affect the order providers appear in. It does not affect whether we tell you a provider is a broker rather than a lender, or that we could not verify its registration.
These hold an SEC Certificate of Authority and lend their own money. Ordered by how well they perform for our readers.
| Provider | What it is | Score | Amount | Term | Advertised rate | Apply |
|---|---|---|---|---|---|---|
| MoneyCatMoneyCat Financing Inc. | Direct lenderSECCA 1254per operator | 6.4/10 | ₱500 – ₱20,000 | 3 – 6 months | 0% on a first loan; around 11.9% a month afterwards | Go to site |
| FinbroSOFI FINANCING INC. | Direct lenderSECCA 1324 | 7.5/10 | ₱1,000 – ₱50,000 | Up to 12 months | 0% – 144% APR | Go to site |
| HoneyLoanWarm Cash Lending Corp. | Direct lenderSECCA 3472per operator | 7.0/10 | ₱1,000 – ₱30,000 | 61 – 364 days | 0.4% a day — an effective 12% a month | Go to site |
| KvikuKviku Lending Co. Inc. | Direct lenderSECCA 3169per operator | Not recommended | Up to ₱50,000 | 61 – 180 days | 0% – 2% per day; maximum annual rate 730% | Go to site |
These are marketplaces. You submit one application and they forward it to lenders they work with — convenient, but check who you end up borrowing from.
| Provider | What it is | Score | Amount | Term | Advertised rate | Apply |
|---|---|---|---|---|---|---|
| PeraMuning | Marketplaceforwards your applicationSEC check pending | Under review | ₱500 – ₱25,000 across partner lenders | 91 – 180 days | Set by the matched lender; PeraMuning charges the borrower nothing | Go to site |
| Mazilla | Marketplaceforwards your applicationSEC check pending | Under review | ₱500 – ₱25,000 across partner lenders* | 61 – 365 days* | Not published | Go to site |
| Moneezy | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱25,000 across partner lenders | 61 – 120 days | Set by the matched lender; its own example works out to 36% APR | Go to site |
| CashSpace | Marketplaceforwards your applicationSEC check pending | Under review | ₱500 – ₱25,000 across partner lenders | 61 – 120 days | 12% to a maximum 36% APR, per its own site | Go to site |
| Crezu | Marketplaceforwards your applicationSEC check pending | Not recommended | ₱1,000 – ₱25,000 across partner lenders | 91 – 120 days | 12% to a maximum 36% APR, per its own site | Go to site |
| CreditNice | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱50,000 across partner lenders* | Not published | Not published | Go to site |
| Credy | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱25,000 across partner lenders* | 61 – 120 days* | Advertised from 0% on a first loan; full range not published* | Go to site |
| Cash2Go | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱25,000 across partner lenders | 61 – 120 days | From 0% to a maximum 143% APR, set by the matched lender | Go to site |
| Finami | Marketplaceforwards your applicationSEC check pending | Under review | Up to ₱25,000, higher for returning customers | Not published | Partner offers listed from 0%; full range set by the lender | Go to site |
| Finloo | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱25,000 across partner lenders* | 61 – 180 days* | Not published | Go to site |
| Binixo | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱25,000 across partner lenders* | 91 – 365 days* | Not published | Go to site |
| Finpug | Marketplaceforwards your applicationSEC check pending | Under review | ₱1,000 – ₱25,000 across partner lenders* | 61 – 365 days* | Not published | Go to site |
| Creditify | Marketplaceforwards your applicationSEC check pending | Under review | ₱2,000 – ₱25,000 across partner lenders* | 62 – 360 days* | Not published | Go to site |
* Range taken from a third-party listing rather than the provider’s own published page. We are still confirming these directly.
Borrow only what you can repay. Compare the effective interest rate, including fees, rather than the advertised daily or monthly rate — they are not the same number. Missing payments adds penalties and is reported to the credit bureau. If a lender or collector threatens you or contacts the people in your phone, that is prohibited, and you can report it to the SEC.
This is the distinction that matters most and the one almost nobody explains. A direct lender holds a Certificate of Authority from the SEC and lends its own money: you apply to one company, one company assesses you, and one company holds your loan. A marketplace takes your application and passes it to lenders it has arrangements with. It does not need a Certificate of Authority, because it never lends — the licence that matters belongs to whoever it matches you with, and you usually do not learn who that is until after you have submitted your details.
Neither model is dishonest. A marketplace is genuinely useful if one lender has already declined you, because it reaches several at once from a single form. But it has a cost: your information goes to more than one company, so expect follow-up contact from several, and the amounts and rates advertised on the front page are a range across partners rather than an offer to you.
Lenders advertise a daily rate because it sounds small. What governs the legal limit is the effective rate, which folds in processing, service, notarial and handling fees. The two are not the same number, and the gap between them is where most of the cost hides.
Since 1 April 2026, under SEC Memorandum Circular No. 14 series of 2025, an unsecured general-purpose loan of ₱10,000 or less repaid within four months cannot exceed:
Two things about that bracket are worth understanding, because lenders understand them very well. It does not cover banks. And it does not cover loans above ₱10,000 or terms beyond four months, which is why a number of providers structure their products at 61 days and up, or in amounts just above the threshold. A twelve-month loan can legally cost more than double what you borrowed. Our loan calculator takes the figures a lender quoted you, works out the effective rate, and tells you whether the loan falls inside the capped bracket at all.
Do this before you enter a single personal detail.
Most online lenders here ask for far less than a bank: one valid government-issued ID, an active mobile number in your own name, a bank account or e-wallet to receive the money, and some indication of income. Payslips, ITRs and certificates of employment are usually not required, which is what makes these loans reachable for people working informally or freelancing. Approval commonly lands somewhere between a few minutes and 24 hours, and first-time limits are small — often a few thousand pesos — rising with repayment history.
An online loan is one of the more expensive ways to borrow in the Philippines. Before taking one, it is worth checking whether you qualify for something cheaper: an SSS or Pag-IBIG member loan if you have been contributing, a loan from a credit cooperative if you belong to one, a salary advance from your employer, or a pawn loan against something you own, which is often cheaper than an unsecured app loan for short periods. None of these are as fast. All of them are usually less expensive.
The lending is legal and regulated when the operator holds an SEC Certificate of Authority and its platform is recorded with the SEC. The risk is not the product, it is the operator: unregistered apps are common, and so are counterfeit apps impersonating licensed lenders. Check the operating company on the SEC lists and in the SEC advisories before you apply, and refuse any app that asks for access to your contacts.
For an unsecured loan of ₱10,000 or less repaid within four months, the ceiling since 1 April 2026 is 6% a month nominal and 12% a month effective including fees, with total cost capped at 100% of the amount borrowed. Larger loans and longer terms fall outside that bracket and can legally cost more, which is why some products are structured at 61 days or above ₱10,000. Banks are not covered by these ceilings at all.
Because that is the regulatory ceiling expressed annually. The SEC caps the effective rate at 12% a month on unsecured loans of ₱10,000 or less repaid within four months, and twelve times twelve is 144. A lender quoting 144% is telling you it prices at the legal maximum. Anything advertised well above it is either outside the capped bracket or has a compliance problem.
Approval is commonly between a few minutes and 24 hours, and disbursement to GCash or Maya is usually the fastest option once approved. Treat advertised approval times as a best case rather than a promise.
Yes. Most online lenders here score on alternative data rather than a formal credit record, so no history is not an automatic decline. The trade-off is that first-time limits are small and pricing on a thin file tends to sit at the top of the lender's range.
Expect a late-payment penalty — capped at 5% a month of the overdue amount for loans in the capped bracket — and reporting to the credit bureau. Collection contact by call, SMS and email is normal. Contacting the people in your phone, posting about your debt publicly, or threatening you is not: those practices are prohibited and can be reported to the SEC.
