21 Best Quick Cash Loans in the Philippines: Legit and Fast (2024)

Emergencies happen. The sudden hospitalization of a loved one, unexpected school expenses, job loss, and even home or car repairs after a typhoon will catch you off guard. But if you’re lucky enough to have an emergency fund, chances are you’ll get past these financial snags.

Not all of us, however, have a robust and steady money reserve. There may come a time when you need more than your emergency fund can provide. In this case, your only option is to turn to a quick cash loan provider.

If you've been thinking about where to get a fast cash loan, don’t worry—here’s a comprehensive guide on the basics of fast cash loans in the Philippines. We’ve also included a list of the best quick cash loans in the Philippines to consider.

What are Fast Cash Loans?

Fast cash loans are salary loans and personal loans that offer quick approval—from just 10 minutes to a few days. Various lenders, from local cooperatives to large commercial banks, provide quick loans in the Philippines.

Because this type of loan is processed quickly, you get immediate access to funds exactly when you want or need them, making it the ideal financial support for emergencies.

Related reading: How to Get an Emergency Loan in the Philippines ASAP

Are Instant Loans in the Philippines Legal?

You may be wondering, “Are fast cash loans legit?” This question can only be answered by looking at your lender.

Sketchy lenders, or loan sharks, usually have high interest rates. Dealing with this type of lender can land you in deep water, as paying high interest on top of your principal may exhaust your financial resources.

But if you’re working with a reputable bank or lending/financing company, you have the assurance that its product is legitimate.

How Do Fast Cash Loan Applications Work?

To ensure that the fast cash loan will be granted to the applicant as quickly as possible, the lender may employ a streamlined procedure like this:

1. The borrower fills out a registration form at the lender’s office, the lender’s website, or its fast cash loan app in the Philippines.
2. The borrower submits the loan requirements. If you’re applying online, you must upload a photographed or scanned copy of the required documents.
3. If your application is approved, you may receive the loan amount on the spot. Otherwise, you’ll have to wait one to three days for the loan disbursem*nt. Expect a longer wait time if you’re borrowing a large amount of money, as expensive loans need more careful validation.
4. You can pick up the cash at the lender’s office or get it via your nominated bank account.

Note that the fast cash lending process may vary from one organization to another. We recommend that you check with your potential lender.

Repayment will depend on the terms of the agreement or the nature of the loan. For instance, if you applied for fast cash loans with monthly payments, you’ll pay on a specific day of the month until you fully pay off the loan. If you applied for a salary loan, you’re expected to return the borrowed money on the next payday.

How to Qualify for Fast Cash Loans in the Philippines

Major banks and lending institutions usually have straightforward requirements to facilitate the approval and release of cash quickly.

👉 Fast Cash Loan Requirements

Here are the usual required documents for quick cash loans in the Philippines:

• Filipino citizen
• At least 21 years old and not more than 60 years old at the maturity of the loan
• Must have a stable source of income
• Must be able to present the following:
  • Valid government-issued, photo-bearing ID/s
  • Proof of income (payslips, ITR, among others)
  • Certificate of Employment (for employees)
  • Business Registration Documents, such as DTI and SEC Certificates (for business owners)

Note that the number of requirements will depend on your lender, so contact them to learn more.

21 Best Quick Cash Loans in the Philippines

“Where can I borrow money fast in the Philippines?” To stay safe, deal only with reputable banks or lending companies. Here are some legit fast cash providers you may want to include in your list:

📌 UnionBank Personal Loan

• Loan amount: Up to ₱2 million
• Interest rate: 1.29%
• Approval time: As fast as 5 minutes
• Payment terms: 1 to 5 years
• Features: No collateral needed; ideal for renovating a home and funding significant milestones you want to achieve

The UnionBank Personal Loan is often considered one of the best in the market. This fast cash loan offers a high loan amount, flexible repayment terms, and an interest rate that’s easy on the pocket.

Read more: Fund Your Big Dreams: How to Apply for a UnionBank Personal Loan

📌 UNO Digital Bank Personal Loan

• Loan amount: ₱10,000 to ₱500,000
• Interest rate: 2% per month
• Approval time: Up to 7 banking days
• Payment terms: 6, 12, 18, 24, or 36 months
• Features: No collateral, minimal documentary requirements, quick application process

Need to fund a trip or home improvement project? Get a loan from UNO Digital Bank. While approval time can take a bit longer, it's still one of the most accessible cash loans—to apply for this multipurpose loan, you need only to submit a valid ID and download the UNO app.

Plus, you can conveniently schedule payments according to your salary frequency and salary credit date.

📌 RFC Cash Loan

• Loan amount: ₱10,000 to ₱5 million
• Interest rate: Varies on the amount borrowed and the repayment period
• Approval time: As fast as 24 hours
• Payment terms: 3 to 36 months
• Features: Ideal for business funding

If you need cash for your business ASAP, Radiowealth Finance Corporation’s Cash Loans may be right for you. This online quick cash loan in the Philippines is meant to fund business needs. Note, however, that you need to present an OR/CR or TCT as collateral.

📌 Tonik Credit Builder

• Loan amount: ₱5,000 to ₱20,000
• Interest rate: 4.84%
• Approval time: As fast as 2 days
• Payment terms: 6, 9, or 12 months
• Features: No collateral and no credit history needed, fast approval, real-time loan disbursem*nt

Need a quick cash loan online where you can apply in minutes and get the money ASAP? Check out Tonik’s Credit Builder, a personal loan you can easily apply for online.

You need only a Tonik bank account and a valid ID to apply. If you qualify for a Tonik Quick Loan, you can get approved within two days and receive your cash immediately, provided you’ve completed all the post-approval requirements.

Related: Borrow Easily: How to Get Cash Loans Without a Bank Account

📌 CIMB Personal Loan

• Loan amount: ₱30,000 to ₱1 million
• Interest rate: As low as 0.83%
• Approval time: Up to 2 banking days
• Payment terms: 12 to 60 months
• Features: Quick and easy loan application process; no credit card needed; no collateral required; ideal for hospitalization, major car repairs, and new business

CIMB offers a seamless all-digital loan application, which takes only 10 minutes, through the CIMB Bank PH mobile app. The digital bank also has some of the most flexible loan terms and the lowest interest rates in the market.

On top of that, approval takes up to two banking days only. Enjoy instant disbursem*nt if you want your loan proceeds credited to your CIMB Bank savings account. Disbursem*nt to other banks takes one to two banking days.

📌 Tala Cash Loan

• Loan amount: Up to ₱25,000
• Interest rate: Daily service fee of 0.43% to 0.5%
• Approval time: A few minutes
• Payment terms: Up to 61 days
• Features: Apply for a loan anytime, anywhere (24/7); no collateral needed; ideal for immediate cash needs, such as groceries and tuition

On-the-go cash assistance has never been more convenient with Tala Cash Loan. Apply for this instant cash loan using your Android smartphone. Plus, you just need a valid ID and a mobile number to apply.

This loan is ideal for unexpected and minor financial problems.

📌 UnionBank Quick Loan

• Loan amount: Varies per borrower
• Interest rate: Will be provided in the Quick Loans Promissory Note and Disclosure Statement
• Approval time: As fast as 60 seconds
• Features: Fast way to get cash, hassle-free online application, ideal for immediate cash needs

Another instant cash loan option is the UnionBank Quick Loan, a fully digital loan program exclusively offered to pre-qualified UnionBank deposit account holders.

To apply, log in via the Quick Loan website^[1] provided on the notification email or SMS. Enter the invite code, the last five digits of the ATM or 12-digit payroll account number, and your mobile number and email address. You can also apply using UnionBank Online.

📌 ACOM Cash Loan

• Loan amount: Up to ₱500,000
• Interest rate: Diminishing from 4.988%
• Approval time: Within 3 to 5 days
• Payment terms: 6 to 10 months
• Features: Quick loan online, no collateral, flexible repayments

Another quick cash loan you can get without a bank account is the ACOM Loan. You can get approved for this quick loan in the Philippines in three days.

The application process is pretty easy, too—you can walk in at any ACOM branch or apply online. Plus, you only need to submit three documents: a valid ID, proof of employment, and proof of TIN/SSS.

📌 Asteria Personal Loan

• Loan amount: ₱2,000 to ₱20,000
• Interest rate: 0.9% per day
• Approval time: 24 hours
• Payment terms: 30 to 90 days
• Features: Quick and easy application via its website, quick loan approval, no collateral

Need a quick cash loan for an expense that doesn't cost too much? With Asteria Lending Inc., you can borrow amounts as low as ₱2,000. Its loan term is also relatively quick, ranging from 30 to 90 days.

To apply through its website, note that you need a valid ID and a personal bank account.

📌 Atome Cash

• Loan amount: Up to ₱50,000
• Interest rate: 1.75%
• Approval time: Up to 24 hours
• Payment terms: 12 months
• Features: Convenient application via your mobile phone, no bank visit required, fast loan approval

If you’re looking for fast cash loans, check out Atome Cash, which offers competitive interest rates, a quick online application, and fast loan approval in the Philippines. You don’t need to visit the bank to submit paperwork because you can do everything via the Atome App.

However, note that you must be at least 18 years old, a registered Atome user with past in-app transactions, and a bank account holder.

📌 Blend PH Personal Loan

• Loan amount: ₱50,000 to ₱2 million
• Monthly interest rate: 1.5%, 2%, or 3%
• Approval time: Up to 48 hours
• Payment terms: 12 to 36 months
• Features: No collateral needed; ideal for major expenses, such as education, car purchase, home improvement, and travel

Need a personal loan with a quick online application process and approval time? Blend PH, a peer-to-peer lending platform, fits the bill. It's also ideal if you're looking for high loan amounts and flexible payment terms.

📌 Cashalo Cash Loan

• Loan amount: ₱1,000 to ₱7,000
• Interest rate: Starts at 3.95%
• Approval time: As fast as 1 working day
• Payment terms: Up to 90 days
• Features: Easy application process, fast approval and disbursem*nt

You can opt for the Cashalo Cash Loan for minor emergency expenses. Receive the loan proceeds conveniently in your bank account or e-wallet and pay for up to 90 days.

Since the loan amounts offered are smaller, you can quickly repay and reavail of a loan the next time you need it.

📌 Digido

• Loan amount: ₱1,000 to ₱25,000
• Interest rate: 0% for new borrowers and up to 1.5% daily for repeat customers
• Approval time: Within minutes
• Payment terms: Up to 180 days
• Features: Hassle-free online application, easy eligibility requirements, loan disbursem*nt in a few minutes, no interest for first-time borrowers

Digido also offers a quick cash loan in the Philippines that you can receive in your account in just minutes. First-time borrowers can loan up to ₱10,000 at 0% interest (if you pay it off within seven days). After paying off your first loan without a hitch, you can enjoy a higher loan amount of up to ₱25,000 if you need to borrow again.

Because the service is fully automated, you can get your money within minutes after creating a Digido account and completing the online application form.

📌 Finbro

• Loan amount: Up to ₱50,000
• Interest rate: 0% on the first loan
• Approval time: A few minutes
• Payment terms: Up to 12 months
• Features: Convenient and fast application and approval, minimal requirements, no collateral

For unexpected expenses and quick cash, you can also check out Finbro. You can submit your loan application, a valid ID, and a selfie using your computer or mobile device.

Verification and approval are done in minutes, so you can get your money in your bank account within the same day.

📌 GLoan

• Loan amount: Up to ₱125,000
• Interest rate: 1.59% to 6.57%
• Approval time: Pre-approved for qualified GCash users
• Payment terms: Up to 24 months
• Features: No documentary requirements, instant disbursem*nt to your GCash wallet, convenient payment options

If you frequently use GCash, you’ve probably seen the GLoan feature on the dashboard. This GCash quick loan is available to prequalified GCash users who meet the GScore requirement.

You can borrow up to ₱125,000 and pay for up to 24 months. The loan proceeds will be credited directly to your GCash wallet in minutes.

📌 JuanHand Loan

• Loan amount: ₱2,000 to ₱15,000
• Interest rate: 12%
• Approval time: As fast as 5 minutes
• Payment terms: Up to 3 months
• Features: No collateral, quick customer service

JuanHand also offers fast loans in the Philippines. To apply, you must prepare one valid ID, download the JuanHand app, provide your details, choose your loan amount, and wait for approval.

If you get rejected, don't worry—you can apply again in a few days.

📌 Maya Personal Loan

• Loan amount: ₱15,000 to ₱250,000
• Interest rate: 0.77%
• Approval time: Instant approval and disbursem*nt for select upgraded Maya users
• Payment terms: Up to 24 months
• Features: Available to pre-qualified Maya users, instant approval and loan disbursem*nt, no paperwork necessary

Like the GLoan available to qualified GCash users, the Maya Personal Loan is available to eligible Maya users. If you have an upgraded Maya account, use your Maya wallet often for transactions to unlock this loan option.

Once it’s available, loan activation and approval are quick and hassle-free. You can expect the loan proceeds to be credited to your Maya wallet in minutes.

📌 M Lhuillier Quick Cash Loan

• Loan amount: Depends on the appraisal of collateral
• Interest rate: 3%
• Approval time: A few minutes
• Payment terms: 3 months
• Features: Lots of items that can be put up for collateral, easy procedure, trusted and reliable company, quick customer service

If you have gadgets, gold and diamond jewelry, watches, or home appliances, you can bring them to an M Lhuillier branch for a Quick Cash Loan.

As for the M Lhuillier Quick Cash Loan requirements, you only need to present your item for appraisal and submit a valid ID to get your cash and pawn ticket.

📌 Online Loans Pilipinas

• Loan amount: Up to ₱7,000 for first-time borrowers and up to ₱30,000 for repeat borrowers in good credit standing
• Interest rate: Subject to the lender’s approval
• Approval time: In just a few minutes
• Payment terms: Up to 30 days
• Features: No collateral, straightforward requirements, no hidden charges, fast approval and disbursem*nt

When it comes to quick cash loans, look for a provider that provides easy application and fast approval. Online Loans Pilipinas offers just that, allowing you to get a quick cash loan minus the lengthy approval and loan disbursem*nt process.

Just complete the application form online, submit it, and await approval. Keep your account in good standing to avail of a higher loan amount.

📌 SLoan

• Loan amount: As much as ₱100,000 (depending on credit assessment)
• Interest rate: 1% to 5%
• Approval time: Within 24 hours
• Payment terms: 3 to 12 months
• Features: Available to pre-qualified Shopee users, quick online activation, loan disbursem*nt in a few minutes

Did you know you can also get a quick cash loan on your Shopee app? If you’re an eligible user, you will find the SLoan option when you log in to your Shopee account.

You must activate SLoan first before you can take out a quick cash loan, though. Activation and approval usually take 24 hours. To cash out your SLoan proceeds, you must also activate your ShopeePay wallet.

📌 Vidalia Personal Loan

• Loan amount: Up to ₱100,000
• Interest rate: 6%
• Approval time: 2 to 5 days
• Payment terms: 3 to 12 months
• Features: Easy online application, few requirements, quick processing and disbursem*nt

Running short on cash and payday is still days away? A Personal Loan from Vidalia can help. And since applications are made online, you can do away with the tedious paperwork.

After completing the short online application form and sending your documents online, you will need to go through a credit evaluation. After that, Vidalia will deposit your money into your bank account after approval.

Related reading: 10 Best Personal Loans in the Philippines for Different Cash Needs

Reminders Before Applying for a Fast Cash Loan in the Philippines

If you want a successful application for quick cash loans in the Philippines, take note of the following tips:

✔️ Compare Your Options

Not all quick cash loans are created equal. Each is made for a specific purpose, so weigh your options carefully. That way, you’ll get the loan that suits your budget and lifestyle.

If you struggle to list and compare different offers, you can use Moneymax’s loan comparison tool. This convenient tool allows you to apply for a personal loan online when you find the best option.

✔️ Only Borrow What You Can Pay

Some borrowers end up struggling to repay a fast cash loan. It’s because they didn’t accurately calculate the required amount and plan how to pay it on time.

Be realistic about how much money you can borrow to avoid high interest rates. Use your lender's loan calculator to give yourself a solid idea of the costs you will cover.

✔️ Check the Fees That Come with the Loan

Besides the fast cash interest rate, you may have to pay other fees at the start of or during the loan term. For instance, some banks will require you to cover processing fees and documentary stamp taxes. These are usually deducted from the loan proceeds.

Other fees to note are disbursem*nt fees, late charges, returned check fees, and even judicial and attorney’s fees, just in case you default on your loans.

✔️ Check Your Credit Score

Some banks and lenders may run a credit score check to determine if you can handle the borrowed money responsibly. Remember that interest rate and repayment terms may also be based on this score alone.

With a good credit score, you can enjoy lower interest rates and lenient payment terms. Not-so-favorable credit scores may lead to the rejection of your application. However, if your application has been approved despite the score, expect to pay a higher interest rate.

✔️ Avoid New Cash Loans

Until you've fully paid off your loan, try to avoid taking out another loan. It will help you manage your finances better and ensure you won't feel overwhelmed with multiple loan repayments.

✔️ Keep a Good Payment Record

Pay your dues on time if approved for a fast cash loan. Aside from avoiding the hefty late payment charges, you also keep a good record with the bank or loan provider. It will be very beneficial if you need to take out another loan in the future, as you can enjoy automatic approval.

Final Thoughts

Fast cash loans may save the day, especially if you’ve already exhausted your financial resources. But don’t just go for the first lender that comes your way. Choose the best quick cash loan in the Philippines—it will help you save a lot of money in the long run.

💸 Check Out More Loan Options Today

If you want to learn more about easy loans in the Philippines and some money-saving techniques, feel free to browse our articles. You may also check out other legit personal loan options you can apply for below:

Source: ^[1] UnionBank Quick Loans