A personal loan is unsecured borrowing for a general purpose — you do not put up collateral, and the lender does not require you to say what the money is for. In the Philippines they come from two quite different places. Banks lend larger amounts over longer terms at lower rates, but ask for documented income and take days to decide. Lending and financing companies decide in hours on far less paperwork, and charge accordingly. Which one suits you usually comes down to whether you can satisfy a bank's documentation, not to which advertises the better rate. The providers below are the lending-company end of that market, split into direct lenders and marketplaces, since the difference determines who ends up holding your loan.
Compare 11 providers for personal loans in the philippines
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Banks and lending companies are not competing for the same borrower
A bank personal loan typically starts around ₱20,000 and runs to several hundred thousand, over one to three years, and the pricing reflects that it has verified your income. It will want a payslip or an income tax return, a certificate of employment, and often a minimum annual income in the region of ₱180,000 to ₱250,000. If you can produce those documents, start there — nothing in the online lending market will beat it on cost.
A lending or financing company will approve on one government ID and a mobile number, in hours rather than days, in amounts from a few hundred pesos upward. You are paying for access and speed. Both are legitimate products; they are simply priced for different levels of risk and verification.
What actually decides the outcome
Lenders here weigh four things, roughly in this order: whether your identity verifies cleanly, whether you have a repayment record with them or on the credit bureau, whether your stated income plausibly covers the instalment, and how much existing debt you are servicing. A useful rule of thumb is to keep total monthly repayments under about 30% of take-home pay. Our take-home pay calculator gives you the figure that ratio should be measured against, which is not your gross salary.
Compare total cost, not the monthly payment
A lower monthly instalment over a longer term almost always costs more overall. The number to compare between offers is the total amount repayable, in pesos, including every fee. Ask for it in writing before you accept anything.
Watch for fees deducted from the proceeds rather than added to the balance. A ₱10,000 loan with a ₱1,500 processing fee taken up front is a ₱8,500 loan you are repaying as though it were ₱10,000, and the effective rate is meaningfully higher than the advertised one. Put the numbers through the loan calculator and it will work out the effective monthly rate and check it against the SEC ceiling.
What to have ready
One valid government-issued ID — UMID, passport, driver's licence, PhilID or postal ID are all commonly accepted
A mobile number registered in your own name
A bank account or e-wallet in your own name for disbursement
Some evidence of income, though often self-declared rather than documented
Applying to several lenders on the same day is usually counterproductive: each application can leave a footprint, and a cluster of them reads as distress. Pick one or two, or use a marketplace once rather than applying to its partners individually.
Before you sign
Read the disclosure statement, which lenders are required to give you under the Truth in Lending Act. It should state the amount financed, the finance charge, the total payable and the schedule. If those numbers do not match what you were told verbally, the written version governs — and the mismatch itself tells you something.
Questions people ask
How much can I borrow on a personal loan in the Philippines?
Banks typically start around ₱20,000 and go to several hundred thousand over one to three years. Lending and financing companies work in much smaller amounts, often from a few hundred pesos up to ₱50,000, with first-time limits at the low end and larger amounts unlocked by repayment history.
Do I need a payslip?
For a bank, almost always. For an online lending company, usually not — most will accept a self-declared income with one government ID, which is the main reason people use them despite the higher cost.
Does applying to several lenders hurt my chances?
It can. Multiple applications in a short window leave a footprint on the credit bureau and read as distress to the next lender. Apply to one or two, or use a marketplace once instead of applying to its partner lenders separately.
Is a personal loan cheaper than a credit card cash advance?
Often, but not always, and it depends on the term. Compare the total amount repayable in pesos on both rather than comparing a monthly rate against an annual one.
