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Cheap personal loans online

Free loan 0%
  • 0% up to 10 000 ₱ First loan
  • 1 000 ₱ - 25 000 ₱ Amount
  • 21 - 70 Age
  • 90 days - 6 months Term

Loan amount: 25000 ₱. Max loan term: 6 months. Max APR: 143%. Company: DIGIDO FINANCE CORP. More information on the lender's home page.

Without fees 0%
  • 0% up to 20 000 ₱ First loan
  • 1 000 ₱ - 20 000 ₱ Amount
  • 18 - 75 Age
  • 61 day - 4 months Term

Loan amount: 20000 ₱. Max loan term: 4 months. Max APR: 36%. Company: Fininity Ltd. More information on the lender's home page.

The first loan for free 0%
  • 0% up to 20 000 ₱ First loan
  • 500 ₱ - 20 000 ₱ Amount
  • 22 - 75 Age
  • 90 days - 6 months Term

Loan amount: 20000 ₱. Max loan term: 6 months. Max APR: 145%. Company: MONEYCAT FINANCING INC. More information on the lender's home page.

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Personal loan - the best solution for any needs

Need money for home repairs? Want to buy a new TV, phone or car? Then personal loan will be the best solution. We have information about personal lenders in the Philippines, so use our personal loan comparison section to find the most appropriate loan for your situation. Compare loans, get money in your bank account and let your dreams come true!

Personal loans - what you need to know

We each have our own wishes and needs, and it is not always possible to realize them with our own financial resources. In most cases, financial support is needed, so one of the best solutions may be a personal loan, which is becoming an increasingly popular type of loan. Personal loan is mainly designed to improve your quality of life, so a personal loan will not be a good option if, for example, you want to pay off debts that have arisen due to non-payment of instant online loans. In this case, debt consolidation or refinancing will be most useful.

Personal loans in the Philippines, also known as unsecured loans, do not require collateral. The borrower needs a good credit history and a very stable source of income to be approved for a personal loan. If you want to apply for a loan, you have to be at least 18 years old and have a permanent residence in the Philippines.

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.

Advantages of personal loans

Personal loans has many advantages, so many borrowers choose this type of loan to fulfill their desires.

Low interest rate

  • One of the main advantages is the low interest rate. It is in the interest of every borrower to overpay for a loan as little as possible, so the interest rate is definitely an important aspect when choosing a loan. It should be noted that interest rates vary widely among lenders, so we recommend that you make a careful loan comparison before borrowing, as this is the only way to find the loan with the lowest interest rate. Information on loan costs can be found on each lender's website. Remember that a loan must be a responsible decision, so evaluate your ability to repay the loan!

The whole process is 100% online

  • Generally, you do not need to go outside to get a personal loan. Thanks to the development of modern technologies, the loan can be applied for online, which significantly facilitates and speeds up the process of receiving money, but remember that loan must be a considered decision. Borrow only when you really need it.

Loan for any needs

  • The lender will not be interested in what purposes you will spend the money on, which actually makes borrowing money very convenient and simple. By that we meant that one of the biggest benefits of personal loans is that they are versatile. Unlike a car loan, a mortgage or a student loan, a personal loan can be used for many purposes - car repairs, medical bills, a dream vacation, debt consolidation and much more.

Fixed interest rates

  • Interest rates on personal loans are also fixed, so your interest rate will not change while you repay your loan. Sounds great, right?

Disadvantages of personal loans

Be aware of fees and penalties

  • Many personal loans come with an origination fee of the amount borrowed. It covers the cost of processing the loan and is either rolled into the loan or taken out of the amount disbursed to you. Prepayment penalties may also be charged if you retire your balance before the loan term is up.

Fixed monthly payments are required

  • While fixed monthly payments are a plus to many borrowers, they can be a hurdle if you’re used to small monthly minimum payments.

Important tips about personal loans

  • Personal loans do not require collateral (if it is not required by the chosen lender), which makes the process of obtaining a loan much simpler and more convenient.
  • Borrow as much money as you need so you do not have to overpay. Choosing the right loan amount depends on your needs and goals you want to achieve.
  • Before borrowing, carefully check the terms of the loan agreement. If any of the terms of the agreement are unclear or incomprehensible, contact the lender. Borrow wisely and responsibly!
  • Personal loans offer the opportunity to borrow a larger amount of loan to fulfill your wishes / needs to improve your quality of life.
  • However, personal loans are not a good idea for everyone. After all, personal loans are still a form of debt.

How MyCredy works?

MyCredy is designed to be simple and fully understood by everyone who uses it, so using MyCredy will definitely not be a problem.

  • Choose the appropriate financial category / area (you need to understand which of the financial solutions you need - online loan, personal loan, etc.)
  • Compare all the companies' offers (for the comparison to be effective enough, all the companies' offers must be evaluated).
  • Fill in the application on the website of the selected company and wait for the decision.
  • Someone definitely may be wondering how much it costs to use MyCredy. With MyCredy, you will not be charged any additional fees - so you can use it completely free of charge.

We humans are different, so each of us has our own rhythm and order of life. For this reason, the financial service MyCredy is available at any time. Its operation is provided 24 hours a day, 7 days a week, so you can make the comparison at your convenience.

Every day we help countless clients to find the most advantageous and suitable financial solution - we can also help you!

Save your time and money with MyCredy!