Loan Philippines with No Requirements

        Loan Philippines with No Requirements

Try and think back on every time you have loaned a friend money? What kind of agreement did you have?

₱20,000
Loan amount ₱1,000 - ₱20,000
Interest 11.9 %
Maturity 14 - 28 days

Fast information

Properties of this loan

  • Online loans up to ₱20 000
  • Term 14 - 28 days
  • Easy online application

Loan requirements

  • 22 - 60 years old
  • Filipino citizen

About company

More information about the company MoneyCat Financing Inc.

Borrow from ₱1,000 with interest from the 11.9 % Moread
₱25,000
Loan amount ₱1,000 - ₱25,000
Interest 2.18 %
Maturity 10 - 90 days

Fast information

Properties of this loan

  • Online loans up to ₱25 000
  • Term 10 - 90 days
  • Easy online application

Loan requirements

  • 21-70 years old
  • Employed individuals and selected professionals
  • Filipino residents

About company

More information about the company Robocash Finance Group

Borrow from ₱1,000 with interest from the 2.18 % Moread
₱35,000
Loan amount ₱5,000 - ₱35,000
Interest 45.02 %
Maturity 3 - 12 months

Fast information

Properties of this loan

  • Online loans up to ₱35 000
  • Term 3 - 12 months
  • Easy online application

Loan requirements

  • Citizens of the Philippines
  • Must be 20 years old or older during the loan application, have a regular, documented income, and have no overdue loans
  • The service is currently available in Manila

About company

More information about the company PeraJet Lending Corporation

Borrow from ₱5,000 with interest from the 45.02 % Moread
₱10,000
Loan amount ₱1,000 - ₱10,000
Interest 6.95 %
Maturity 15 days - 6 months

Fast information

Properties of this loan

  • Online loans up to ₱10 000
  • Term 15 days - 6 months
  • Native mobile application

Loan requirements

  • Cashalo is available to all Filipinos 18+
  • Who are employed or with steady income

About company

More information about the company Oriente Express Techsystem Corporation

Borrow from ₱1,000 with interest from the 6.95 % Moread
₱500,000
Loan amount ₱5,000 - ₱500,000
Interest 3.32 %
Maturity 1 - 12 months

Fast information

Properties of this loan

  • Online loans up to ₱500 000
  • Term 1 - 12 months
  • Flexible repayment

Loan requirements

  • You must be a Filipino citizen ranging from 21 to 65 yrs. old
  • Working tenure for at least 3 months
  • ₱10,000 per month (Metro Manila), ₱7,000 per month (Provinces)
  • Has an existing company landline phone & personal mobile

About company

More information about the company ACOM Consumer Finance Corporation

Borrow from ₱5,000 with interest from the 3.32 % Moread
₱15,000
Loan amount ₱2,000 - ₱15,000
Interest 20 %
Maturity 7 - 90 days

Fast information

Properties of this loan

  • Online loans up to ₱15 000
  • Term 7 - 90 days
  • Easy online application

Loan requirements

  • 18 + years old
  • Employed individuals and selected professionals
  • Filipino residents

About company

More information about the company Clarify Marketing PTY LTD

Borrow from ₱2,000 with interest from the 20 % Moread

        Loan Philippines with No Requirements

There is a good chance that they had to tell you when they would pay you back and in what format. Are they going to be making weekly or monthly payments or are they going to give it back to you as a lumpsome? Did you charge them any interest? Did they give you any collateral or did you take their word for it? The point is, most people who loan money to friends and family often don't put stringent requirements on those loans. There are some companies that also give loans in the Philippines with no requirements.

What Does It Mean When Companies Loan Philippines with No Requirement?

However, just like your friend had to tell you when and how they would pay you back, the term "no requirements" has a lot of variations. What it doesn't mean, however, is that you will get a loan in the Philippines without undergoing some kind of background check or at the very least proving that you can pay back what you borrowed. 

When loan companies say that they give out loans with no requirements, what they generally mean is that they don't have very stringent guidelines for loan qualification. That is why you will find that a lot of online short-term loan companies can lend money to the unemployed in the Philippines without requiring things like:

These company make it so that almost everyone who applies can qualify for a loan provided they are a citizen of the Philippines. 

How to Qualify for a Loan in the Philippines with No Requirement

To qualify for a loan with no requirements in the Philippines, an applicant must first find the right kind of lender. There are many online loan companies that specialize in this kind of lending. The process is very simple and often carried out 100% online. These companies have platforms (website) that are programmed to automatically check and process your loans in a matter of minutes or just a few hours. Here are the steps you would need to follow to qualify for a loan without requirements:

For the most part, these companies will want to see some kind of proof of income. Not necessarily a payslip but that often comes in very good handy. You can provide other kinds of proof of income including child support checks, online income payments, business receipts and invoices, LPOs and so on. While these are technically requirements, they are still factors that must be provided for you to qualify as a borrower. 

So, yes, you can qualify for a loan with no requirement in the Philippines where "requirements" here means collateral or proof of employment. You, however, have to provide proof of repayment capabilities. Just like your friend didn't have to give you their car keys as requirement for the loan but they had to give you their word. The requirements aren't as stringent or even tangible but they are requirements nonetheless.


Loan Philippines with No Requirements rating: 4.5/5 from 792 votes.
 

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