Citi Personal Loan is a no collateral loan ideal for individuals who are in need of a high loan amount for business, wedding, or education. Borrow up to ₱2 million and get approved in as fast as 24 hours.
Planning to buy a home or renovate your property? Nook Philippines will make the home loan application process easier for you! Get pre-qualified for a home loan instantly when you apply here.
Fund your emergency expenses with a multi-purpose loan like EasyRFC. No collateral or guarantor required, and you can borrow a minimum of ₱10,000 and a maximum of ₱150,000.
In general, you have to submit a fully-accomplished loan application form, a photocopy of your valid ID, and proof of income. You may have to submit additional requirements, depending on the lender. As for the eligibility requirements, you must be at least 21 years old, a Filipino citizen (or residing permanently in the country), and must have a landline and/or active mobile number.
Loan approval time depends on the lender but it can take as fast as 24 hours like the Citi Personal Loan. However, it may also take up to two weeks so make sure to submit all requirements to help speed up your loan application.
Yes, you can! There are lenders who accept non-carded applicants like Nook and EasyRFC. Sometimes, they just need a copy of your proof of income to assess if you can repay the loan.
A secured loan is a type of loan in the Philippines that uses one of your assets as collateral. Assets can be your vehicle or property. If you can’t repay the loan, your lender has the right to seize your asset.An unsecured loan, on the other hand, is a type of loan that does not require collateral. However, take note that unsecured loans in the Philippines have higher interest rates as compared to secured loans.
Loan collateral is the asset or property that a borrower promises to a lender. It serves as a backup to a loan. Collateral loan agreements allow the lender to seize the borrower’s asset in case they fail to repay the loan. To avoid this, make sure that you pay your loan in time!
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