Online Loans in the Philippines – Top List of Online Lending Companies and Direct Lenders 2020

Last Updated: 03/14/2020
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Loans have become a common occurrence nowadays in the Philippines. More and more people are finding themselves in need of some quick cash, as these sums are fairly difficult to come across with the average monthly salary.

However, with so many new loan companies, among which are also scammers that are targeting your money, you can’t know for sure which one to trust. So, where can you find a good instant cash loan direct lender in the Philippines that will not bring you in more trouble than you originally were? Well, this article should be able to help you out in that regard.

The Main Benefits of Registered Lending Companies in the Philippines

As you are applying for a loan, the advantages of loan companies usually include the following:

  • You will get a low interest rate, with minimum overpayment – provided you pick the right lender.
  • You will be given the loan quickly, which can be very convenient in the event of an emergency.
  • The registration process is very simple, usually requiring a minimal amount of documentation, and the confirmation arriving quickly.
  • You do not need to bring collateral and cosigners in the mix.

As opposed to borrowing from a bank, borrowing from registered lending companies in the Philippines comes with its own advantages.

As published author Jarod Knits wrote in his book, “a banker is a man that will lend you the short sleeve shirt off his back and demand a long one in return.” Unless you give them everything and more, they won’t be willing to give you a loan.

Most alternative credit institutions, however, will provide a completely automated process for reviewing and accepting your application by means of the Internet. As a result, you do not have to go to the company’s office – you can simply do that from your own chair, at home. All you have to do is submit your application on their website and wait until you are contacted by their staff.

List of Lending Companies in the Philippines

If you have decided to borrow, then you may want to opt for a lender that has advantageous rates – and that can actually help you out in times when money is running dangerously low. Here are the top lending companies in the Philippines that people say are most trustworthy. APEC Loans also continuously provide updates regarding these types of lenders.


MoneyCat is a short-term online lending company with operations in the Philippines and other countries. As a citizen of the Philippines between the ages of 22 and 60, you are eligible to request for short-term loans to solve all your financial emergencies.

Loan company «MoneyCat»

MoneyCat’s service is a fast, safe, simple and convenient online lending company in the Philippines. All you have to do is sign up on their website and provide all the necessary documents, and you’ll receive your loan in 24 hours. Be sure to try their service today.


If you are aged between 20 and 60 years, then you may go for Cashwagon. It generally takes one working day until the funds enter your account, which is great if you are having a dire emergency.

Cashwagon - Fast cash loan direct lender in the Philippines

All you have to do is to prove that you have a steady income, and you may borrow as much as 20,000 pesos that are to be repaid from 10 to 180 days.


Robocash Finance Corporation

If you are a resident of the Philippines between the ages 21 and 70, then you may apply for a loan from Robocash. These loans may be repaid in as little as a week and as much as a month.

Robocash - Instant cash loan direct lender in the Philippines

You can borrow a maximum of 25,000 pesos, and all you need is a telephone number or a computer that has access to the Internet. You will be contacted regarding your approval or for any potential extra documentation.


Online Loans Pilipinas

Online Loans Pilipinas allows you to borrow up to 7,000 pesos if you are a new borrower and up to 20,000 pesos if you are a repeat borrower.

Online Loans Pilipinas - One of the top lending companies in the Philippines

You have to be between 22 and 60 years of age and show proof of employment or income – but once you bring that, the loan should reach your account in 1-2 business days.



With Atome you have to be between 18 and 55 years of age to apply, you may borrow up to 10,000 pesos, and the customer support is prompt to answer your requests.

Atome - Registered lending company in the Philippines

The daily interest rate is 0,14% – 0,9% per day.


FAQ Regarding Instant Cash Loan Direct Lender in the Philippines

1. Should I use the app if they have one available? Is it safe?
Provided that it was designed correctly, apps should be just as safe as their personal websites. Plus, in a way, they are very convenient – mainly because people are always on the go. Most good lenders will have their own apps, so you might want to give them a try.

2. Will there be any problems if I do not bring collateral or a cosigner?
When opting for Pautang services in the Philippines, there should be no problem if you do not bring collateral or a cosigner – in the sense that your loan request will not be rejected because of this. However, if you do bring either (or both) of them, there is a high chance that you’ll be able to get a better deal – with a much lower interest rate. This might make your loan much easier to pay.

3. How much is the average interest rate for these loans?
The interest rate for online loans is slightly higher compared to your average, traditional bank – but provided you find the right fast cash loan direct lenders in the Philippines with low interest, the maximum annual rate should be no more than 35%. This is why you should always carefully consider what company you are dealing with, as each will have its own interest rate.

4. How long will I have to wait until the funds enter my bank account?
Usually, when it comes to fast cash loan direct lenders in the Philippines, you will not have to wait as long as you normally do for a traditional bank. In most cases, the loan will be approved until the next day (24 hours), and in 48 hours after the approval, you should be able to see the money in your account.

5. What will happen if I fail to make my payments on time?
If you fail to make your payments on time, you will incur penalty fees that can charge at least 1% per day of the sum that you owe. Aside from these penalty fees, your credit score will also see a fair amount of damage if you continue to be late.

Final Thoughts

An online loan can be very helpful when it comes to taking you out of trouble. Hopefully, our information and our list of lending companies in the Philippines have allowed you to make a decision.