Compare the best personal loan for any purpose!

We help you compare low interest loans from different banks and lenders.

Our Partners:

Comparing a personal loan can be so easy

All it takes is four simple steps:


Tell us what you're looking for

Share details that will help us show you the best personal loans that you might be eligible for. Don't worry, we take data privacy seriously.


Identify the loan that best fits your needs

Discover your personalized results and sort them according to interest rates, payment terms, and loan requirements.


Submit your application

Enter your contact details to help us assess your personal loan application.


Our partners will be in touch

The bank and lenders will contact you if you're eligible for the loan.

There are two major types of personal loans in the Philippines: secured personal loans and unsecured personal loans. Secured personal loans require a collateral (property or vehicle, for example) while unsecured loans do not require any type of collateral from the borrower.
When taking out a loan, consider the following personal loan fees and charges that may add up to the cost of borrowing money: interest rate, late payment fee, early payment fee, returned check fee, and amendment fee. Know all about these loan fees here.
The bank may call you, send you a text message, or e-mail you about your loan approval. Most banks, however, do not inform applicants if they got approved for a loan or not. If needed, you may call the bank and ask for an update regarding your loan application. To know the common reasons why a personal loan is rejected, click here.
It depends on the bank you applied with. Some banks transfer the loan money to the borrower's bank account while some may give it via check or cash.
This depends on the bank as well. Some banks require borrowers to pay their loan via bank deposit while others prefer automatic debit arrangement (a facility that allows banks to collect from customers by directly debiting their accounts).
Yes, you can get a loan from a bank that you don't have an account with. What's important is that you have enough documents from your current bank to prove that you can pay the loan.
The minimum amount you can borrow for a loan is P10,000.00 to P50,000.00 while the maximum amount is usually P1,000,000.00. This, of course, depends on the loan terms set by the bank.
You can get an emergency loan but not a personal loan from a bank. An emergency loan, however, is an expensive way to borrow money with interest rates between 1% to 1.5% per day. It also comes with very short terms, usually 30 days, giving you limited time to pay the amount you borrowed.
If you want to apply for a loan, you have to be at least 21 years old and have a permanent residence in the Philippines. You must also meet a minimum income requirement, which you can verify to the bank by presenting a proof of income. To know more about this, check out our guide on loans.
Different banks have varied processing time frames but most banks take 3 to 7 business days upon receiving your complete requirements. Use our loan comparison tool to get more information on how long it will take to get a loan approval.
When you apply for a personal loan in the Philippines, the lender will ask you to choose your preferred loan repayment term, typically ranging from 6 to 48 months. Choose a repayment term that works with your needs and budget.

First time to visit Moneymax? Our online platform allows you to check and apply for different personal loans in the Philippines based on partner, interest rates, fees, and other features.

Moneymax compares personal loans that can be paid back over terms of between 6 months and 60 months. The effective interest rate (EIR) you will be charged depends on your personal circumstances, and will be between 1.39% and 32.05%.

This is a representative sample of what it may cost: a loan of P50,000 over 24 months at 1.59% EIR would equate to monthly repayments of P3,030. The total cost of the loan that you would pay back is P72,720.

Such fees depend on the amount you want to borrow so make sure to check with the bank or loan partner you’re applying for.

Borrowing money is not always bad, as long as it is done responsibly and for the right reason. Case in point: getting a personal loan to generate long-term income, like starting or expanding a business. Personal loans are also helpful in financing life milestones like weddings and immediate needs like medical bills and tuition fees. Are you thinking of getting a personal loan? It’s best to consider your options and know the maximum and minimum repayment period, which typically range from 6 to 48 months. Get to know what it is exactly and the important details to remember before you apply online. Read more here.

Lenders in the Philippines offer different types of personal loans to potential borrowers who need immediate cash to fund an important expense. These loans cater to different needs and financial capabilities, and also have various APRs or Annual Percentage Rates.  For Citibank, for example, the APR is 26.9% for a loan of PHP 50,000 payable in 12 months. Never make the mistake of applying for a personal loan online without researching and understanding the various choices available for consumers. Find out what personal loans will work for you and eliminate the ones that do not fit your needs. Read more about this here.

Not all debt is bad. When used for the right reasons and managed responsibly, a personal loan can help you meet your short-term goals such as renovating your home, having your dream wedding, or funding your children’s education. On the other hand, failure to make timely loan payments will get you into serious financial woes, like getting buried in debt. Worse, it can hurt your credit history and make it hard for you to qualify for loans in the future. Read more about this here.

Latest News On Loans

Be smart when it comes to borrowing money. Know more about loans. Read more articles ✔️