Online loans in the Philippines

Information about lenders - SOSCREDIT

Address: Philippines

Phone number: -


Max APR: 180%

Term: 3 months - 1 year

Age: 20 - 70

Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%. - CASH-EXPRESS PHILIPPINES FINANCING INC.

Address: Level 10-1 One Global Place 25th Street Cor. 5th Avenue, Fort Bonifacio, Taguig City

Phone number: (632) 7902 73 90


Max APR: 145%

Term: 62 days - 1 year

Age: 21 - 70

Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%. - DIGIDO FINANCE CORP.

Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines 1109

Phone number: (02) 8876 84 84


Max APR: 143%

Term: 3 months - 6 months

Age: 21 - 70

Cost example: Loan of 20000 ₱ for 6 months, monthly payment 5716 ₱, total amount 34296 ₱, annual percentage rate APR 143%. - SOFI LENDING INC.

Address: Unit 1405, East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City

Phone number: 0 9624 09 24 54


Max APR: 180%

Term: 62 days - 1 year

Age: 20 - 70

Cost example: Loan of 1000 ₱ for 12 months, monthly payment 95.83 ₱, total amount 1150 ₱, annual percentage rate APR 180%. - MONEYCAT FINANCING INC.

Address: Unit 1708 Tektite East Tower, Exchange Road, Ortigas Center, Pasig City 1605

Phone number: 0968 874 7401, 0917 100 1747


Max APR: 145%

Term: 3 months - 6 months

Age: 22 - 75

Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%.

When you need financial assistance, online loans - one of the most popular financial instruments in the Philippines – can offer a convenient, accessible, and fast solution. But with, you can easily compare different loan options, considering factors such as interest rates, loan amounts, and repayment terms. By making an informed decision, you can secure the best loan deal and receive the necessary financial support promptly. Don't let financial difficulties hold you back—explore online loans in the Philippines and take control of your financial situation today! 

Online loans in the Philippines: find the best deal with 

Online loans in the Philippines have gained popularity due to their numerous advantages over traditional loans. Here are some key benefits to consider: 

  • Fast processing: With online loans, there's no need to wait in long queues or gather piles of documents. The lender typically approves applications, the form of which is filled out online, within 15 minutes, providing swift access to funds. 
  • Convenience: Applying for a loan online allows you to do it anytime and anywhere, saving you valuable time and effort. You can complete the application process from the comfort of your own home or while on the go. 
  • Low interest rates: Many microfinance institutions offer lower interest rates compared to traditional lenders, making online loans a cost-effective solution for borrowers. 
  • Flexible terms: Online loans provide flexibility in choosing the loan amount and repayment period that best suits your individual needs. You can tailor the loan to fit your financial situation, ensuring a manageable repayment plan. 
  • Transparency: Lenders who offer online loans communicate openly and honestly about all loan terms. No hidden fees or surprises allow you to make informed decisions. 
  • No collateral or guarantor Required: Unlike traditional loans, online loans in the Philippines do not require collateral or a guarantor. This streamlines the application process and makes loans more accessible to a wider range of individuals. 
  • Availability and accessibility: Online loans can be transferred directly to any bank card or bank account in the Philippines, providing convenient access to funds. 
  • Reliability and security: All microfinance organizations featured on are licensed and authorized to provide microfinance services. This ensures that you deal with reputable lenders prioritising your financial security. 

How to choose the best lender and make the best deal? 

To select the best lender and secure the best loan deal, consider the following factors: 

  • Reputation: Research customer reviews to assess the reliability of the microfinance institution. 
  • Loan Size: Microfinance institutions provide a wide range of loan sizes to cater to various needs. Typically, you can borrow amounts between 1000 ₱ and 25000 ₱*. 
  • Interest Rate: Check the interest rates offered by different lenders. As a new customer, you may be eligible for a first loan with an interest rate of 0%. The annual interest rate can vary because it is set on an individual basis based on the assessment of the borrower by the lender. At worst, the annual percentage rate (APR) may reach a maximum value of 180%*. 
  • Loan Term: Compare the loan terms offered by different financial institutions. Typically, online loans in the Philippines have repayment periods ranging from 62 days to 12 months*. Assess your financial situation and choose a term that allows you to comfortably repay the borrowed amount within the given timeframe. 

*Please note that conditions may vary among lenders, but we have provided general requirements for your reference. 

For your convenience, we also have prepared an example to illustrate how loans are calculated: 

Suppose you want to borrow 2400 ₱ for a period of 3 months, with a monthly payment of 870 ₱. In this case, the total amount to be repaid would be 2610 ₱, and the annual percentage rate (APR) would be 145%. 

Typical borrower requirements: 

Online loans have fewer borrower requirements compared to traditional lenders, making them more accessible to a wider range of individuals. Here are the typical requirements for borrowers: 

  • You must be at least 20 years old and no older than 70 years to qualify for an online loan. 
  • You need to be a citizen of the Philippines and possess a valid identity document. 
  • Lenders require a stable source of income, which can be supported by relevant documentation such as payslips or bank statements. 
  • Having a good credit history and no overdue loan obligations will increase your chances of being approved for a loan. 
  • You must have an active bank account or a valid bank card to receive the money. 
  • Providing a valid phone number is necessary for communication purposes throughout the loan process. 

It's important to note that each microfinance organization may have its own specific requirements for borrowers. Therefore, we recommend familiarizing yourself with the requirements of a particular lender before applying for a loan. 

Understanding Loan Default Risks 

As a borrower, you should repay the debt on time. Failure to meet the repayment obligations can lead to penalties and a negative impact on your credit history. Late repayments may also hinder your chances of obtaining future loans. 

If you are unable to repay the debt within the agreed-upon timeframe, some lenders allow loan extensions for a specified period. However, keep in mind that an additional fee may be charged for extending the loan, which could differ from the initial rate. While this may help maintain your credit rating, it's essential to communicate with the lender and explore all available options. 

In cases of prolonged non-payment, the lender may choose to transfer the debt to a collection agency, which can further complicate your financial situation. 


At, we're not selling microfinance products. Our primary focus is to empower you with valuable information about various Philippine lenders and their microfinance offerings. We want to ensure that you make an informed decision and find the perfect loan option that meets your unique financial needs.