Apply for 24/7 Online Loans – Get Approved Day or Night
Terms
- lower limit for new clients
About the organization
Terms
- limit increases with good history;
- depend on amount
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
- depends on amount and term
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
- depends on amount and term
About the organization
Terms
About the organization
Terms
About the organization
Terms
- depends on amount and term
About the organization
Terms
- rate from 0% new clients can get a loan at 0% for the first 15 days, up to 20 000 ₱
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Offers of the month
Terms
About the organization
Terms
About the organization
Terms
About the organization
Terms
About the organization
Online loan calculator
Top 10 Microfinance Institutions
|
MFI
|
Effective rate
|
Period
|
Amount
|
|
Finloo
|
from 0,1%
|
until 30 days
|
1 000 – 25 000 ₱
|
|
First Circle
|
0,05 – 0,07%
|
180 – 720 days
|
50 000 – 1 000 000 ₱
|
|
BlendPH
|
0,03 – 0,07%
|
90 – 365 days
|
5 000 – 100 000 ₱
|
|
Esquire Financing
|
0,05 – 0,07%
|
180 – 720 days
|
50 000 – 1 000 000 ₱
|
|
Home Credit Philippines
|
0,05 – 0,08%
|
180 – 720 days
|
10 000 – 50 000 ₱
|
|
Asteria
|
0,05 – 0,08%
|
30 – 365 days
|
2 000 – 50 000 ₱
|
|
Logo
SeedIn
|
0,05 – 0,08%
|
180 – 720 days
|
50 000 – 1 000 000 ₱
|
|
Kviku
|
0,03 – 0,1%
|
15 – 135 days
|
500 – 25 000 ₱
|
|
Finpug
|
0,1%
|
61 – 365 days
|
1 000 – 25 000 ₱
|
|
Cashspace
|
0,1%
|
61 – 120 days
|
500 – 25 000 ₱
|
Reviews
MFIs to Apply For
-
Finlooto 25 000 ₱At a rate from 0,1%
-
Kvikuto 25 000 ₱At a rate from 0,03%
-
Finpugto 25 000 ₱At a rate from 0,1%
-
Cashspaceto 25 000 ₱At a rate from 0,1%
-
Crezuto 25 000 ₱At a rate from 0,03%
-
Finappsto 25 000 ₱At a rate from 0,1%
-
Finbroto 50 000 ₱At a rate from 0,2%
-
Credyto 25 000 ₱At a rate from 0,1%
-
Digidoto 25 000 ₱At a rate from 0,49%
-
MoneyCatto 20 000 ₱At a rate from 0,8%
Expert's opinion
Loan Experts
Key Factors to Consider When Choosing a 24/7 Online Loan
24/7 cash loans are instant loans that you can get at any time you need. They are a great way out in numerous situations when money is needed urgently. Nevertheless, there are several factors that you should make your mind up about before applying for such a loan:
-
Your economic situation. Make sure that you will be able to pay the loan back within the given deadline. You have a high probability of doing so if you expect a sufficient income in the upcoming weeks (for example, salary, passive interests, Birthday money gift, or a debt repayment from a relative or a friend). Otherwise you risk delaying the payment, and your debt might soon roll up like a snowball.
-
Your financial discipline. Instant loans are not something that you may just forget about once they’re approved. Borrowers shall check their payment schedule on a regular basis in order not to miss the next payment date. Consequently, you need to keep an eye on your bank cards as well in order to ensure there’s enough money available when it’s time to make a payment.
-
Your spending habits. Cash loans (just like any other borrowed money) don’t go well with impulsive spending or a carefree lifestyle. You will need to cut your expenses and learn how to buy only the essentials until your loan is fully paid back.
Yet, down-to-earth and responsible people who can adjust their daily habits easily are unlikely to have any troubles with 24-hour online loans. If you are one of them, this type of loan can be a convenient solution, and below we will study all the technical and practical details.
Benefits
The key advantage of 24/7 loans is their round-the-clock accessibility. Just imagine that your loved one needs urgent medical help, or you get into a road accident and need to repair your car as soon as possible. In such a situation, banks are of no help: they have limited working hours, and they normally take up to 5 days to process loan requests. Fortunately, 24/7 loans are available whenever you need them.
Other benefits of this financial solution are:
-
Online application process. Borrowers are not required to visit a bank’s branch or an MFI’s office. To submit a request, you just need to download a 24-hour loan app and follow the instructions on the screen.
-
Minimal requirements. MFIs normally do not consider customers’ credit ranking and turn a blind eye to the absence of official employment. The only strict requirement is age (18 or above), with some lenders setting a maximum age limit (of 70 or 75), depending on their policy.
-
Numerous options for getting money. The loan amount can be credited to your bank account or credit card. You can also choose among several e-wallet options, depending on what’s most convenient for you.
Finally, there is a less obvious but still very important benefit of instant loans: an opportunity to get a small amount of money for a short period of time. Banks usually offer at least PHP 20,000 for 6 months or more. At the same time, in MFIs you can borrow even PHP 5,000 for as little as 1-2 weeks. This ensures much more flexibility and allows adjusting the loan to your personal circumstances and needs.
The Procedure for Applying on MoneyPanda
24/7 loans are literally always available: at any time of the day, 7 days a week. This is because sometimes such loans get approved automatically, so even if you submit your application at night, you won’t have to wait any longer than if you applied during the normal working hours.
This is especially convenient if you need money to help a relative who lives in a different time zone. Even if they live half the world away, you can still find an urgent solution without making them wait until the next day.
Required Documents
Your Filipino passport is typically the only document required when applying for a 24/7 loan. However, some lenders may also ask for a bank reference or some proof of employment. This usually holds for big loans or if the borrower’s age is close to the allowed limits. Besides, there are specific types of loans (like secured ones) that may require extra documents, such as a vehicle title or another document that shows the borrower’s economic situation.
Requirements may also vary depending on your previous credit history. If you used microfinancial services before but had some issues with repayment, lenders may require some other documents aside from your passport.
How Quickly Can I Receive My Loan?
Instant loans live up to their name: they can be get in almost no time. As a rule, the approval time is about 15-30 minutes or even faster. If an automatic process is not enough, the system may engage a loan officer who will manually review your application and decide whether to approve the loan.
Sometimes one of the documents can be missing, or the format in which the borrower attached it to their applications does not meet with the MFI’s requirements. If this happens, a manager will contact you to explain the problem and help you submit your application correctly.
The Procedure for Applying on MoneyPanda
Today, there are dozens of MFIs in the Philippines offering 24/7 online loans, each with different terms and conditions. With MoneyPanda, you can apply directly through the platform. Here's what you need to do:
-
Go to the MoneyPanda website: Explore the fast loans offered on the website.
-
Fill in an application form stating the required amount (usually up to PHP 150,000) and term (normally from 7 days to 3 months);
-
Upload your ID, either a passport copy or a photo of you holding your passport, depending on the lender’s requirements.
-
Select the desired way of getting the money (credit card, e-wallet, etc.);
-
Wait until the MFI approves your application and makes a money transfer.
MoneyPanda’s website is user-friendly and intuitive, so you can easily apply in just a few clicks, whether you’re using a laptop or smartphone. If you encounter any issues, our online consultants are available 24/7 to assist you and answer any questions you may have.
Frequently Asked Questions
How quickly can I receive my loan?
It depends on the selected lender but most applications are processed within 10-15 minutes. In some cases, a manual examination requires more time (up to an hour) but this is a rare occasion. Once your application is approved, the loan amount will be instantly credited to your bank card, account, or e-wallet.
Do I need to visit a branch to apply?
No. All MFIs in the Philippines offer a remote loan application procedure, so you don’t need to visit a branch even to pick up the money. In fact, some lenders are online businesses only that do not have a customer office.
Can I extend or refinance my loan?
Yes, most MFIs offer these options. A loan extension allows you to postpone the due date if you don’t have the full repayment amount on hand by this time. Loan refinancing (or refunding) means taking out a new loan to repay the existing one, which essentially serves as an extension. We recommend you not to abuse such options since they make borrowers less disciplined and create an illusion that a loan can drag on forever. Besides, extensions and refinancing are usually offered on a paid basis and only once, and can sometimes lead to the deterioration of the loan’s conditions (a higher interest rate or penalties, etc.).
What happens if I miss a payment?
This is something that no borrower shall ever admit. MFIs are loyal towards their customers and boast high approval rates, but they are tough with those who don’t fulfill their requirements. Make sure to check your 24/7 loan app regularly so you don’t miss the due date. Try to pay the loan back at least half a day before the deadline expires, so that the bank has enough time to process the transaction. Keep in mind that instant loans should be an occasional, urgent measure rather than a routine practice.
The Best Loan Deals
| 🟢 Rate: | from 0,03 to 1,17% |
| 🟢 Period: | from 1 to 1 470 days |
| 🟢 Amount: | 500 – 1 000 000 ₱ |
| 🟢 Number of offers: | 37 pcs. |
