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Top 10 Microfinance Institutions in the Philippines
| MFI | Effective rate | Period | Amount |
|
—
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15 – 135 days
|
500 – 25 000 ₱
|
|
|
from 0,1%
|
until 30 days
|
1 000 – 25 000 ₱
|
|
|
from 0,1%
|
until 30 days
|
1 000 – 25 000 ₱
|
|
|
to 0,1%
|
61 – 365 days
|
1 000 – 25 000 ₱
|
|
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to 0,1%
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61 – 120 days
|
500 – 25 000 ₱
|
|
|
0,2%
|
until 365 days
|
1 000 – 50 000 ₱
|
|
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to 0,39%
|
61 – 120 days
|
1 000 – 25 000 ₱
|
|
|
0,8%
|
7 – 180 days
|
1 000 – 20 000 ₱
|
|
|
0,8%
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7 – 90 days
|
1 000 – 20 000 ₱
|
|
|
0,03 – 1%
|
until 180 days
|
1 000 – 25 000 ₱
|
Reviews
MFIs to Apply For
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to 25 000 ₱At a rate from 0%
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to 25 000 ₱At a rate from 0,1%
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to 25 000 ₱At a rate from 0,1%
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to 25 000 ₱At a rate from 0%
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to 25 000 ₱At a rate from 0%
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to 50 000 ₱At a rate from 0,2%
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to 25 000 ₱At a rate from 0%
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to 20 000 ₱At a rate from 0,8%
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to 20 000 ₱At a rate from 0,8%
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to 25 000 ₱At a rate from 0,03%
Expert's opinion
Loan Experts
Loans for the Unemployed Filipino
Are you out of a job and in need of some quick cash? Loans for unemployed people are traditionally subject to rather strict application requirements—but not with MoneyPanda. Through our service, you can find immediate financing catered to your individual circumstances, allowing you to pay off debts and cover unexpected expenses even without a stable source of income. Explore the available offers to find quick loans for the unemployed in the Philippines.
Getting a Loan Without a Job
If you are looking to borrow money but don’t have a job, we highly recommend that you use a loan app for unemployed people rather than applying to a traditional financial institution. This is because loans from banks and government agencies usually require you to have a stable source of monthly income and have more stringent application processes.
Benefits of Using Loan Apps if You’re Unemployed
By using a loan app for unemployed people, you’ll be able to enjoy a range of benefits, including:
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Less strict application requirements
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Fast, fully online service
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Transparent costs and low fees
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Digital paper trail for simplified record-keeping
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Opportunity to build credit score
How to Increase the Chances of Your Application Being Approved
When applying for an unemployment loan, there are several things you can provide to increase your chances of approval, including:
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1
Collateral
— a high-value item pledged to secure the loan;
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2
Employment history
— proof of previous employment and your capacity for work;
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3
Guarantor
— an individual who is able and willing to pay your loan if you can’t.
Applying for a Loan on MoneyPanda
To apply for an unemployment loan on MoneyPanda, simply follow the steps below:
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Choose an MFI. Compare our loan offers and find the one that suits your needs best.
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Specify Loan Details. Enter the total loan amount and term for repayment to generate a quote.
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Fill Out the Application. Complete your application, including your personal and financial details, and submit it along with any relevant documentation.
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Wait for Approval. If it is accepted, you will receive a contract; read it over carefully and sign if you agree with the terms and conditions.
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Receive the Funds. Once the contract has been signed, your loan will be transferred to your account.
FAQs
Do I need a bank account to get a quick loan if I’m unemployed?
Yes, you do. Most lenders need a bank account to send you the money. It also helps them see how you manage your finances, even if you're unemployed.
What are the requirements to apply for a loan without a job?
You’ll need a valid ID (like a driver’s license or passport), a bank account, and proof of any income, like freelance work, government support, or help from family. Lenders just want to know you can still repay the loan.
How fast can I receive the funds after applying?
Usually within the same day. Some lenders send the money within 15–30 minutes after approval, especially during business hours.
Can I apply for more than one loan at a time?
Yes, you can. But it might lower your chances of getting approved. Lenders want to see that you’re not taking on more than you can handle, so only apply if you are sure you can keep up with the payments.
The Best Loan Deals
| 🟢 Rate: | from 0,03 to 1,17% |
| 🟢 Period: | from 7 to 1 470 days |
| 🟢 Amount: | 500 – 50 000 ₱ |
| 🟢 Number of offers: | 12 pcs. |