Everyone has personal goals in life. Some want their kids to finish school. Others want to travel abroad. And there are people who aspire to have a small business.
Regardless of the goal, you know too well you need money to make it happen. And sometimes, your paycheck can only do so much.
You can still achieve your goal by getting a personal loan with easy approval in the Philippines. Check out your options below:
Read more: Best Bank Loans in the Philippines
Some of the best personal loans with easy approval in the Philippines are offered by banks. Compare these banks’ loan amounts, interest rates, and repayment terms to get the best deal.
This personal loan with easy approval in the Philippines lets you get cash in as fast five minutes from approval. You can get a loan of up to ₱2 million with no guarantor or collateral. You can receive the loan proceeds via a nominated bank account or delivery of a Manager’s Check to your billing address.
Read more: UnionBank Personal Loan Features
A BPI personal loan is a multi-purpose cash loan you can apply for on the bank’s official website.[1] Completing the application only takes between five and 10 minutes.
For the loan amount, you can borrow as much as three times of your gross monthly income. Processing takes between five and seven working days. Disbursement, on the other hand, takes place within one to two banking days from the date of signing.
The RCBC Personal Loan makes application easy with relatively relaxed eligibility conditions and minimal documentary requirements. You can borrow up to ₱1 million, letting you fund big-ticket purchases and goals, such as a car or a trip abroad. Perhaps the best thing about this loan product is that the interest rate is low, making repayments easy.
Metrobank offers a personal loan with easy approval in the Philippines, with a processing time as fast as seven days. Application is easy since the documentary requirements are minimal, such as Signed Promissory Note and Disclosure Statement (PNDS) and valid government ID. You also don’t have to go to the bank to apply since you can file your application online.[2]
If you’re looking for a personal loan with a credit facility that allows you to access money repeatedly, check out the PSBank personal loan. Aside from offering fixed term loans, the bank has a revolving credit line.
Application for a loan at this bank is relatively easy, as the required monthly income starts at ₱15,000, and the applicant should be employed for at least two years.
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EastWest Bank is one of the leading financial institutions that offer personal loans with no collateral in the Philippines. Additionally, the bank doesn’t require a co-maker.
For easier application, EastWest Bank employs the Personal Loan chatbot that will accept your application and the documentary requirements. The bank disburses the loan proceeds to your preferred bank account or via a Manager’s Check, which you can pick up at the bank’s head office.
SB Finance, a Security Bank affiliate, offers a personal loan with a quick application process. The lender accepts applications via the zuki mobile app, online form, Security Bank branches, and agent partners.
This personal loan without collateral in the Philippines lets you borrow up to ₱3 million. With a large amount limit, you can fund various financial needs and goals, such as education, business, and even debt consolidation.
Sterling Bank of Asia’s Persona Personal Loan is one of the most accessible loan products in terms of requirements and eligibility. Both employed and self-employed borrowers can apply for financing from this bank. On top of that, the Persona Personal Loan doesn’t require a collateral or a co-maker.
Sometimes, all you need is your smartphone to access a personal loan. If you’re an UNO Digital Bank client, just use your app to borrow up to ₱500,000. Requirements are easy, too. Just provide your active mobile number, present a valid ID, and take a selfie.
This personal loan without a credit card disburses the loan proceeds via the app, making it easy for you to access your cash.
Read more: How to Apply for an SSS Salary Loan: A Step-by-Step Guide
CIMB Bank, one of the leading digital banks in the Philippines, lets you borrow up to ₱1 million via its app. The requirements are relatively light, including a minimum gross monthly income of ₱15,000, a job tenure of at least months (for employed), local mailing address, and local mobile number, among others.
Application via app takes 10 minutes. If approved, your loan proceeds will be directly credited to your CIMB bank account. If you nominate another bank account, the disbursement may take 1 to 2 banking days.
Some personal goals are within your reach as long as you have the money. But if you need some help, banks and legitimate lenders can provide you with a personal loan with easy approval in the Philippines. To get the best deals, compare their interest rates, terms, and payment channels.
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