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Top 10 Microfinance Institutions
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MFI
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Effective rate
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Period
|
Amount
|
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Finbro
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0,2%
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90 – 365 days
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1 000 – 50 000 ₱
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Reviews
MFIs to Apply For
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Finlooto 25 000 ₱At a rate from 0,1%
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Kvikuto 25 000 ₱At a rate from 0,03%
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Finpugto 25 000 ₱At a rate from 0,1%
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Cashspaceto 25 000 ₱At a rate from 0,1%
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Crezuto 25 000 ₱At a rate from 0,03%
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Finappsto 25 000 ₱At a rate from 0,1%
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Finbroto 50 000 ₱At a rate from 0,2%
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Credyto 25 000 ₱At a rate from 0,1%
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Digidoto 25 000 ₱At a rate from 0,49%
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MoneyCatto 20 000 ₱At a rate from 0,8%
Expert's opinion
Loan Experts
Fast 50k Loan in the Philippines: What Are Its Features?
The MFI decides the conditions and features of the loan. Generally, here is what you can expect:
- Fast approval. If approved, expect a loan offer right away.
- Fixed loan amount. You need to borrow a fixed amount, not treat it as a line of credit where you can draw only the funds that you need.
- Flexible disbursement. You may be able to get your loan amount straight to your bank account or your e-wallet or through Bayad centers.
What Checks Do You Need to Complete to Get a Short-Term Loan for 50k Pesos?
As part of processing your loan application, be prepared to have the following verified:
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Identity. Most loans in the Philippines are only for Filipinos and Filipino residents of legal age.
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Income. The amount that you’re borrowing should be reasonable based on your income.
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Credit. Some lenders look at your credit score or history as the basis of your approval or interest rate.
Additional checks may be required depending on the lender’s evaluation of your application. They may also ask for additional documents to support their verification process.
How to Increase the Likelihood of a Positive Decision?
You can improve your odds of securing a short term loan for 50k pesos by:
Having a good credit history. If you’ve diligently paid back loans in the past (even if it’s just from ShopeePay!), that will work in your favor.
Showing your financial capability to pay. Having a steady job or sufficient funds in your bank account is the most common way to do this. Alternatively, you could use a guarantor who would take on the debt if you can’t make the repayments.
Providing collateral. Securing your loan with collateral limits the risk for the MFI, which means a higher chance of approval.
How to Apply for a 50,000 PHP Quick Loan?
Follow these steps to apply for your loan on MoneyPanda:
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Compare and select an MFI after reviewing the general terms.
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Enter 50k PHP as your loan amount and specify your desired repayment terms.
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Provide all the details necessary for the application process.
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Wait for the MFI to evaluate your application.
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Review the loan terms and get the funds.
The Best Loan Deals
| 🟢 Rate: | 0,2% |
| 🟢 Period: | from 90 to 365 days |
| 🟢 Amount: | 1 000 – 50 000 ₱ |
| 🟢 Number of offers: | 1 pcs. |
