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.
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 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…
Best for Larger amounts, up to ₱50,000
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…
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
* 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
