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Online loans in the Philippines

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.

Compare 20 providers for online loans in the philippines

Best for… ↓

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.

MoneyCat

our rating

Best for A first loan at 0%

Direct lenderSECCA 1254
Amount
₱500 – ₱20,000
Term
3 – 6 months
Rate
0% on a first loan; around 11.9% a month afterwards

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 careful on repeat borrowing, where the rate moves to around 11.9% a month and its own material publishes the maximum APR inconsistently — get the figure in writing before you accept.

Moneezy

our rating

Best for Seeing a real example first

Marketplaceforwards your applicationSEC check pending
Amount
₱1,000 – ₱25,000 across partner lenders
Term
61 – 120 days
Rate
Set by the matched lender; its own example works out to 36% APR

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 disclosure than most of this group manage, and it makes it the marketplace to start with if you want a sense of the cost before applying.

CashSpace

our rating

Best for Reaching several lenders after a decline

Marketplaceforwards your applicationSEC check pending
Amount
₱500 – ₱25,000 across partner lenders
Term
61 – 120 days
Rate
12% to a maximum 36% APR, per its own site

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 consistent with the ceiling: ₱10,000 over three months repaying ₱11,000, an effective 4.9% a month. Same operator, same copy, a very different number, and this is the one that adds up.

HoneyLoan

our rating

Best for Knowing the cost before you apply

Direct lenderSECCA 3472
Amount
₱1,000 – ₱30,000
Term
61 – 364 days
Rate
0.4% a day — an effective 12% a month

The clearest pricing in this set. HoneyLoan publishes a worked example at an effective 12% a month, which is exactly the ceiling the SEC applies to capped short-term loans — evidence it has repriced deliberately rather than trading on the gaps. That makes it compliant rather than cheap, and it is the one we would point a first-time borrower to who wants to know the total before committing.

Zaimoo

our rating
Marketplaceforwards your applicationSEC check pending
Amount
Up to ₱40,000 in the site's own rate disclosure. The same page headlines ₱25,000 and shows a ₱50,000 product tile
Term
From 61 days to 60 months
Rate
Minimum 11.9% per annum, maximum no more than 365% per annum, set by the matched lender. A product tile on the same page advertises "From 16,7% a day"

We are not recommending Zaimoo. Its homepage cannot keep its own numbers straight — ₱25,000 in the headline, ₱40,000 in the rate disclosure, ₱50,000 in a product tile, and a 14-day promotional loan against a minimum term it states as 61 days on the same page. The maximum rate it advertises, 365% a year, is roughly five times the nominal ceiling for the small short loans it promotes, and one tile claims a rate of 16.7% a day. It does name three of the credit institutions behind it, which is worth something; use those names and go direct.

Credum

our rating
Marketplaceforwards your applicationSEC check pending
Amount
₱1,000 – ₱50,000
Term
62 days – 36 months
Rate
Minimum APR 0%, maximum APR 180%, set by the matched lender

We are not recommending Credum, which is a shame, because on disclosure it is the best of the marketplaces we have reviewed — it names five partner lenders and their SEC registration numbers before you hand anything over. The problem is its own arithmetic. The representative example it publishes has you repaying ₱2,716.90 on ₱1,000 over three months, and since April 2026 the total cost of a loan that small and that short cannot lawfully exceed what you borrowed. Either the example is stale, having last been updated in August 2025, or its partners price above the cap. Until Credum resolves that, use its partner list as a reading list and approach a licensed lender directly.

Crezu

our rating
Marketplaceforwards your applicationSEC check pending
Amount
₱1,000 – ₱25,000 across partner lenders
Term
91 – 120 days
Rate
12% to a maximum 36% APR, per its own site

We have pulled our recommendation. Crezu states a maximum of 36% APR, then publishes a representative example — ₱10,000 over three months, repay ₱15,000 — that works out to an effective 23.4% a month, roughly double the 12% ceiling that applies to a loan of that size and term, and nowhere near the 36% it advertises. The same company, Fininity Ltd, runs CashSpace, where the equivalent example is ₱11,000 rather than ₱15,000. Until Crezu explains which figure is real, use CashSpace instead.

Finami

our rating
Marketplaceforwards your applicationSEC check pending
Amount
Up to ₱25,000, higher for returning customers
Rate
Partner offers listed from 0%; full range set by the lender

Credy

our rating
Marketplaceforwards your applicationSEC check pending
Amount
₱1,000 – ₱25,000 across partner lenders
Term
61 – 120 days
Rate
Advertised from 0% on a first loan; full range not published

Finbro

our rating

Best for Larger amounts, up to ₱50,000

Direct lenderSECCA 1324
Amount
₱1,000 – ₱50,000
Term
Up to 12 months
Rate
0% – 144% APR

The strongest registration position of anything we list: the SEC itself has confirmed that Finbro.PH is the online lending platform recorded to SOFI Financing, Inc. It publishes its amounts, terms and a worked cost example openly, and its app asks only for camera and location rather than your contacts. Recommended if you need a larger amount or a longer term — but do the arithmetic first, because its own twelve-month example repays ₱2,320 on ₱1,000.

Kviku

our rating
Direct lenderSECCA 3169per operator
Prices above the cap
Amount
Up to ₱50,000
Term
61 – 180 days
Rate
0% – 2% per day; maximum annual rate 730%

We are not recommending Kviku. Its own Google Play listing advertises up to 2% a day and a maximum annual rate of 730%, with a worked example repaying ₱14,906 on ₱5,000. Its stated terms start at 61 days, so part of that range falls inside the bracket where the ceiling has been 6% nominal and 12% effective a month since April 2026. Either the listing is out of date or the pricing does not comply — until that is resolved, look elsewhere.

Cash2Go

our rating
Marketplaceforwards your applicationSEC check pending
Amount
₱1,000 – ₱25,000 across partner lenders
Term
61 – 120 days
Rate
From 0% to a maximum 143% APR, set by the matched lender

CreditYes

our rating
Marketplaceforwards your applicationSEC check pending
Amount
₱1,000 – ₱25,000
Term
Minimum 61 days, maximum 36 months
Rate
The published example uses 48% per year. No maximum rate appears anywhere on the site

We are not recommending CreditYes, and you should know why we are even listing it: the site is owned by DOAFF SIA, the affiliate network that pays us when you click through. Set that aside and it still names no partner lender, publishes no maximum rate, and dresses a loan decision in stock-photo testimonials and a countdown timer that was running backwards when we checked. The one worked example it publishes does comply with the SEC ceiling, which is more than two of the marketplaces added alongside it can say.

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.

Best for

Editorial picks from what each provider publishes. Not influenced by payout.

Who actually lends you the money

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.

What it costs, and the ceiling that now applies

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.

Checking a provider in three minutes

Do this before you enter a single personal detail.

  1. Find the operating company, not the app name. The brand on the app is frequently not the licensed entity. It is usually in the footer, the FAQ or the terms page.
  2. Search that company name on the SEC lists of lending and financing companies with a Certificate of Authority, and on the separate list of recorded online lending platforms. Being incorporated is not the same as being authorised to lend.
  3. Search the SEC advisories for both the brand and the company. The SEC publishes these continuously, and they include cases where a legitimate lender's name and credentials are being used by counterfeit apps.
  4. Check the app permissions. A lender needs your camera to verify an ID. It does not need your contacts or your photo gallery. Requesting those is the technical precondition for the debt-shaming this market has a documented history of.

What you will need

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.

Five things that should stop you

Cheaper places to look first

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.

Questions people ask

Are online loans in the Philippines safe?

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.

What is the most interest an online lender can charge?

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.

Why do so many Philippine lenders advertise a maximum APR of 144%?

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.

How quickly does the money arrive?

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.

Can I borrow with no credit history?

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.

What happens if I miss a payment?

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.