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Getting a loan is understandably a meticulous process. But there are still good options to consider if you’re looking for an easy loan application that gets you the results you need fast.

Below are some legit lenders that offer fast loan approval in the Philippines. Check them out to find the best loan provider for you.

Top 10 Options for Easy Loan Application in the Philippines

Whether you’re looking for a personal loan with fewer requirements, a faster approval process, bigger loanable amounts, or longer repayment periods, here are some loans you can easily apply for.

CIMB Bank Personal Loan 

Are you looking for an easy loan you can apply for online? CIMB Bank[1] offers an all-digital loan application that takes only a few minutes, with no collateral and guarantor needed.

Want to know how to apply for a CIMB Personal Loan? Just download and log into the CIMB Bank mobile app to proceed with your application.

📌 Key Features

  • Loanable amount: ₱30,000 to ₱1,000,000
  • Interest rate: 1.12% to 1.95% per month
  • Loan tenure: 12 to 60 months
  • Processing time: 10 minutes via the CIMB Bank mobile app 

🧑 Who Can Apply for a CIMB Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 21 and above but not older than 65 upon loan maturity
  • Filipino citizen with a mailing address and active mobile number in the Philippines
  • With a minimum gross monthly income of ₱15,000
  • If employed, must be tenured for at least six months unless working in the top 15,000 corporations
  • If self-employed, must be operating for at least a year

CIMB Personal Loan Requirement

  • One valid government-issued ID
  • Pay slip
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Citi Personal Loan 

If you’re a principal credit cardholder, it’s easy to apply for a Citi Personal Loan. Whether it’s to fund a business expansion, home improvement, travel, personal growth, or debt consolidation, you can submit a quick loan application at Citi, with no collateral or guarantor needed.

📌 Key Features

  • Loanable amount: Up to ₱2,000,000
  • Interest rate: 26.9% to 30.9% per year (for new Citi customers)
  • Loan tenure: One to five years  
  • Processing time: Within 24 hours  

🧑 Who Can Apply for a Citi Personal Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 21 to 65 years old
  • Filipino resident or local resident foreigner with a valid Philippine billing address
  • With a postpaid line or postpaid mobile phone
  • With a TIN number and SSS/GSIS number
  • Principal credit cardholder (at least six months if from Citi and at least one year if from other banks)
  • With a minimum gross annual income of ₱250,000

Citi Personal Loan Requirements

  • One valid government-issued ID with photo and signature
  • If employed, latest one-month pay slip
  • If self-employed, latest Income Tax Return (BIR Form 1701) and Audited Financial Statements (AFS) with independent auditor’s report, balance sheets, and tax receipt
  • Accomplished Online Citi Application Form[4] or downloadable Citi Personal Loan Application Form[5]
Apply now
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RFC Loan 

You can get a loan from Radiowealth Finance Corporation (RFC)[3] in just three easy steps. Fill out the online application form and submit your requirements. Once your RFC loan application is verified and approved, you’ll receive your loan proceeds in your preferred disbursement method. 

📌 Key Features

  • Loanable amount: ₱10,000 to ₱250,000
  • Interest rate: 3.5% to 4% per month
  • Loan tenure: Three to 12 months 
  • Processing time: Three to five business days  

🧑 Who Can Apply for an RFC Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 18 years and above
  • Filipino citizen with residency of at least two years unless a new home owner
  • With good character and reputation
  • For employed applicants, must be tenured for at least two years with a minimum gross monthly income of ₱18,000
  • If self-employed, must be in the same profession for at least three years
  • For professionals, must have an updated PRC license and has been practicing for at least three years
  • If a business owner, must be profitably operating for at least two consecutive years

RFC Loan Requirements

  • Two valid government-issued IDs
  • Proof of billing
  • Three full-month pay slips
  • Certificate of Employment
  • Residential, business, or employer address map
  • Barangay, business, or DTI permit (if business owner)
Apply now

Tala Online Cash Loan

With just an Android phone and a valid ID, you can already apply for a Tala loan online using the Tala[6] mobile app and enjoy easy loan approval. The payment terms are flexible, giving you the freedom to choose your own due date.

📌 Key Features

  • Loanable amount: ₱1,000 to ₱15,000
  • Interest rate: 14.54% to 15%, depending on the loan term
  • Loan tenure: 20 to 61 days 
  • Processing time: 5-minute approval process, loan disbursement within 24 hours  
Personal loan application

🧑 Who Can Apply for a Tala Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 18 years and above
  • Filipino resident
  • With an active mobile number in the Philippines

Tala Loan Requirements

  • Android smartphone with OS 4.1 or higher
  • Valid ID 
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ACOM Revomax Personal Loan

easy loan application - ACOM Revomax Personal Loan

With ACOM,[2] you can quickly apply for an easy loan online through the ACOM app, or in-person at any ACOM booth or branch near you. The requirements are basic, and there’s no need for a co-maker or collateral. Your loan can also get approved within the day of application.

📌 Key Features

  • Loanable amount: ₱3,500 to ₱500,000
  • Interest rate: 3.315% to 4.563% per month
  • Loan tenure: 6 to 10 months 
  • Processing time: 24 hours or longer depending on credit evaluation

🧑 Who Can Apply for an ACOM Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 21 and above but not older than 65 upon loan maturity
  • Employed with a tenure of at least three months
  • With a minimum gross monthly income of ₱7,000
  • With an existing workplace landline phone and personal mobile number

ACOM Loan Requirements 

  • One valid government-issued ID
  • Certificate of Employment or company ID
  • Latest payslip issued within the last 15 days
  • TIN card or recent BIR 2316

SB Finance Personal Loan 

If you have to borrow a bigger amount and need a longer repayment period, a personal loan from SB Finance,[7] which is a partnership between Security Bank and Krungsri Thailand, may be a good fit for you. You can apply for a quick loan in the Philippines as the process is purely digital, and no credit card is needed to qualify.

📌 Key Features

  • Loanable amount: ₱200,001 to ₱2 million
  • Interest rate: From 1.89% monthly add-on rate to 37.53% annual percentage rate (APR)   
  • Loan tenure: 12 to 36 months
  • Processing time: 3 to 5 banking days

🧑 Who Can Apply for an SB Finance Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 21 and above but not older than 65 upon loan maturity
  • Filipino citizen with an office or residence landline
  • If employed in Metro Manila, with a minimum gross monthly income of ₱15,000
  • For employed individuals outside Metro Manila, with a minimum gross monthly income of ₱12,000
  • If self-employed:
    • must be the owner or a majority owner of a business with at least 40% stake
    • with a business that has been operating profitably for two years minimum and with at least one trade reference
    • must have a minimum gross monthly income of ₱60,000

SB Finance Loan Requirements

Apart from a filled-out application form, the applicant must submit the following requirements based on employment type:

If employed:

  • One valid government-issued ID with photo
  • Certificate of Employment issued within the last six months, latest one-month payslip, or latest Income Tax Return (ITR)

If self-employed:

  • One valid government-issued ID with photo
  • Latest one-year AFS with at least the previous year’s comparative financials
  • DTI or SEC business registration certificate
  • Business or Mayor’s Permit
  • Latest three-month bank statements
  • At least three trade references with contact details

Read more: Why and How to Get a Security Bank Personal Loan in the Philippines

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BPI Personal Loan

If you need a bank loan with easy approval in the Philippines, check out BPI Personal Loan. It has affordable payment terms with no collateral required. Also, once your application is approved, you can get your cash quickly through your BPI account.

📌 Key Features

  • Loanable amount: ₱20,000 to ₱2,000,000
  • Interest rate: 1.2% per month  
  • Loan tenure: 12 to 36 months
  • Processing time: 5 to 7 working days

🧑 Who Can Apply for a BPI Personal Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 21 and above but not older than 60 upon loan maturity
  • Filipino citizen currently residing in the Philippines

✅ BPI Personal Loan Requirements

Apart from a filled-out online application form, the applicant must submit the following requirements based on employment type:

If employed:

  • One valid government-issued ID with photo and signature
  • Latest three full-month payslips, or latest ITR or BIR Form 2316

If self-employed:

  • One valid government-issued ID with photo and signature
  • Latest three-year AFS, or latest ITR
  • DTI or SEC business registration certificate
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PSBank Flexi Personal Loan with Prime Rebate

For another easy bank loan in the Philippines, try out the collateral-free PSBank Flexi Personal Loan. If you get approved, you’ll receive an ATM card that works like a credit card minus the high interest rate.

Paying your monthly dues also becomes more gratifying with the loan rebate program, which allows you to receive rebates or gain savings when you make advance payments.

📌 Key Features

  • Loanable amount: ₱20,000 to ₱250,000
  • Interest rate: 1.75% or 2.5% per month depending on the loan type
  • Loan tenure: 24 to 36 months
  • Processing time: 5 to 9 working days

🧑 Who Can Apply for an PSBank Flexi Personal Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 22 to 54 upon loan application
  • Filipino citizen currently residing in the Philippines
  • If employed, with at least two years of permanent work status and one year of tenure in current employer
  • If self-employed, must have profitable operations for the last three years
  • With a minimum gross monthly income of ₱15,000 if employed or ₱30,000 if self-employed
  • With residential contact number (landline or mobile), business landline, and email address
  • Preferably an active credit cardholder

✅ PSBank Flexi Personal Loan Requirements

Apart from a filled-out PSBank Flexi Personal Loan Application Form, the applicant must submit the following requirements based on employment type:

If employed:

  • Photocopy of one valid government-issued ID
  • Photocopy of BIR Form 2316
  • If a credit cardholder, original copy of the latest credit card billing statement (with applicant as principal cardholder)

If self-employed:

  • Photocopy of one valid government-issued ID
  • Photocopy of BIR Form 1701 and AFS with a BIR stamp for the past two years
  • If a credit cardholder, original copy of the latest credit card billing statement (with applicant as principal cardholder)

EastWest Bank Personal Loan

Whether you need cash for travel, educational support, or a major purchase, another bank loan with easy approval in the Philippines that you can apply for is the EastWest Bank Personal Loan. It offers competitive interest rates, fast processing, and flexible terms.

📌 Key Features

  • Loanable amount: ₱25,000 to ₱2,000,000
  • Interest rate: 1.49% to 1.89% per month
  • Loan tenure: 12 to 36 months
  • Processing time: 5 to 7 banking days

🧑 Who Can Apply for an EastWest Bank Personal Loan?

Individuals who meet the following criteria can apply for this loan:

  • Aged 21 and above but not older than 65 upon loan maturity
  • Filipino citizen or foreign national permanently residing in the Philippines
  • With a fixed landline number (either home or business) and a mobile number
  • With a minimum gross monthly income of ₱15,000

✅ EastWest Bank Personal Loan Requirements

Apart from a filled-out EastWest Online Personal Loan Application Form, the applicant must submit the following requirements based on employment type:

If employed:

  • Photocopy of one valid government-issued ID with photo and signature, latest ITR or BIR Form 2316, latest three full-month pay slips
  • Certificate of Employment stating salary, position, and date employed
  • Valid credit card reference or latest credit card statement of account

If self-employed:

  • Photocopy of one valid government-issued ID with photo and signature, latest ITR or BIR Form 1701 and audited AFS
  • DTI or SEC business registration certificate
  • Business permit
  • Valid credit card reference or latest credit card statement of account
  • Other documents for further verification (e.g., Mayor’s Permit)
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Tonik Quick Loan

Another easy loan in the Philippines that guarantees fast approval, real-time disbursement, and a flexible payment arrangement is the Tonik Quick Loan.[8] It’s also 100% digital, making the application process convenient and hassle-free.

📌 Key Features

  • Loanable amount: ₱5,000 to ₱50,000
  • Interest rate: 5.42% to 7% per month
  • Loan tenure: 6 to 24 months
  • Processing time: 30 minutes

🧑 Who Can Apply for a Tonik Loan?

Individuals who meet the following criteria can apply for this loan:

  • 23 to 58 years old
  • Filipino citizen residing in the Philippines
  • Currently employed

✅ Tonik Loan Requirements

  • One valid ID
  • Latest full-month payslip or one full-month salary bank statement of account
  • TIN ID
  • Tonik savings account

Things to Consider Before Getting a Loan

easy loan application - things to consider

Everything is just so convenient these days, even taking out a loan from banks and other financial institutions. But before you sign up for that loan, here are some helpful reminders.

1. Determine the Kind of Loan You Need

Why do you need to take out a loan? The answer will determine the right kind of loan and which lender to get it from.

If you just need a few thousand pesos to tide you over, you can get a payday loan or an online loan. But if you’re looking for a loan for funding a home renovation, a wedding, or a small business, you can get a multi-purpose loan or business loan.

2. Consider Your Debt-to-Income Ratio

How much do you need to borrow to fund your loan purpose? More importantly, how much can you afford in monthly repayments? One of the things that banks and loan providers look at is an applicant’s debt-to-income ratio, which is the percentage of your gross monthly income that goes to paying your monthly debt payments.[9]

3. Choose the Shortest Loan Term

When you take out a loan, you may be offered several loan term options. But keep in mind that longer loan terms mean paying more interest charges and higher interest rates over time. Not to mention, they’ll take you longer to pay off the loan and finally be debt-free.

On the other hand, a shorter loan term can improve your chances of getting approved. Loan providers prefer shorter payback periods because of the lower chances that your financial situation will change during the loan period. 

4. Apply for a Realistic Loan Amount

Make sure that you have checked the loan qualifications and that you qualify before submitting your loan application. Banks and financial institutions offer minimum and maximum loan amounts, so it’s not guaranteed that you’ll be approved for the maximum amount. This will still depend on your income and your credit history. 

5. Improve Your Credit Score 

If you wish to apply for a loan and get approved, check your credit score. This is one of the major considerations of loan providers when approving or rejecting a loan application. 

Take the necessary steps to fix a bad credit score, preferably while you still don’t need a loan. Improving your credit score does not happen overnight, but it can be done!

So pay off those delinquent credit cards or any unpaid loans. Get a copy of the bank clearance letter and check credit reporting agencies to see if your information is correct and updated.

6. Shop Around and Compare Fees 

Check loan products of different loan providers so you can compare their rates and terms. If you can speak to a loan officer, ask questions about the loan application process, the requirements, as well as the repayment schedules, fees, and charges.

This way, you can get all the information you need and choose the right loan product for you. Also, it will help you understand if you have the financial capacity to promptly pay off the loan.

easy loan application - shop around and compare

7. Get Your Paperwork Ready 

Prepare all your income documents to facilitate a quicker loan application process, especially if you need the loan to get approved ASAP. Make sure they are the latest or the most updated and that all information is true and correct.

8. Consider the Fees and Charges 

Read the terms and conditions of the loan and spend time studying the fees. How much are the application or origination fees? Are the late payment fees and prepayment penalty fees too high? You can find the least expensive loan by comparing the loan’s total cost, which includes fees and charges.

9. Don’t Apply for Too Many Loans 

Applying for too many loans is a sign that you’re a high credit risk. This will alert loan providers that you’re really in a financial bind and it can negatively impact your loan application.

It’s best to learn about your available loan options to identify the right fit before submitting your loan application. Compare your loan options online using comparison websites like Moneymax to learn about eligibility criteria, repayment options, and applicable fees. 

10. Never Skip Payments 

Missed payments will not just get you hit with a late payment fee, but it will also negatively impact your credit score and your relationship with your loan provider. As a result, it will be more challenging for you to apply for a new loan in the future.

To make sure you don’t miss a loan payment, set up an automatic debit arrangement on your savings account, or set a recurring reminder on your phone or computer a few days before your due date.

Read more: How to Compute Loan Interest and Monthly Amortization in the Philippines

Final Thoughts

A loan can definitely help you out of a financial bind. But it’s a big financial responsibility, too. As much as possible, applying for a loan should be your last resort. Beef up your savings instead so you have money to cover all kinds of financial emergencies.

If this isn’t possible for now, don’t get the first loan offered to you. Compare loans to get the best rates.

Aside from the convenience that these easy-to-apply-for loans provide, make sure that the monthly payments are something you can afford. Whether it’s a short-term or long-term loan, pick one that will work with your current financial situation and your repayment timeline.

Personal loan in the Philippines

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