Fast loans mobile apps have become increasingly popular in the Philippines in recent years, providing Filipinos with quick and easy access to credit. These apps offer a variety of loan options, from small personal loans to larger business loans. In this article, we will review the top 10 best fast loans mobile apps in the Philippines.
Gcash
Gcash is a mobile wallet app owned by Globe Telecom, a major telecommunications company in the Philippines. Aside from its digital wallet and money transfer services, Gcash also offers fast and easy loans to its users.
The app has a user-friendly interface, and borrowers can apply for a loan within the app itself. Loan amounts range from Php 1,000 to Php 25,000, but if you are new, you can borrow only up to 10,000 Php. This loan has a flexible term depending on your preference that includes interest rates and processing fee. The GCash personal loan has interest rates that vary from 2.6% to 4%.
The app also has a feature called "GCredit," which allows users to use a revolving credit line for online shopping and other transactions. Gcash is available for download on both Android and iOS devices.
Google Play https://play.google.com/store/apps/details?id=com.globe.gcash.android&hl=en&gl=US
App Store https://apps.apple.com/ph/app/gcash/id520020791
Peso Buffet
Peso Buffet is a mobile app owned by Peso Buffet Inc. that offers fast and easy loans to its users. The app has a simple and easy-to-use interface, and borrowers can apply for a loan in just a few clicks. Loan amounts range from Php 2,000 to Php 10,000 with a repayment period of up to 365 days.
The interest rates for loans vary and are determined based on the borrower's creditworthiness. The Peso Buffet app is only available for Android phones, no chance to get it if you have an iPhone. At least not yet.
Google Play https://play.google.com/store/apps/details?id=com.abs.pesobuffet.android&hl=en&gl=US
Qwarta Home Credit
Home Credit is a global financial services company that offers consumer finance products to individuals with little or no credit history. They provide loans, credit cards, and other financial products to help people achieve their goals and improve their quality of life.
The Qwarta Home Credit mobile app is a convenient and easy-to-use platform that allows customers to manage their loans and make payments from their mobile device. It provides a user-friendly interface and a range of features to help users stay on top of their finances.
To use the Qwarta app, customers simply need to download it from the Google Play Store or the Apple App Store and sign in with their Home Credit account details. Once logged in, they can view their current loan balance, upcoming payments, and payment history, as well as make payments and schedule future payments.
The app also allows users to access their loan statements, track their repayment progress, and receive notifications when payments are due. Plus, it offers a range of additional features such as loan calculators, product information, and customer support.
Google Play https://play.google.com/store/apps/details?id=ph.homecredit.myhomecredit&hl=en&gl=US
App Store https://apps.apple.com/ph/app/home-credit-philippines/id1577894172
Shopee app
Shopee is a leading e-commerce platform in Southeast Asia and Taiwan that offers a wide range of products, from fashion and beauty to electronics and home appliances. The platform aims to provide a seamless online shopping experience for customers with its user-friendly interface, secure payment options, and fast delivery.
The Shopee mobile app is a convenient and easy-to-use platform that allows customers to shop from their mobile devices. It provides a range of features to help users find the products they need, including personalized recommendations, search filters, and product reviews.
To use the Shopee app, customers simply need to download it from the Google Play Store or the Apple App Store and sign up for an account. Once signed in, they can start browsing through the app's vast selection of products, add items to their cart, and make payments using a range of secure options such as credit cards, bank transfers, and e-wallets.
The app also provides a range of additional features, including flash sales, discounts, and vouchers, to help users save money on their purchases. Plus, it offers a customer support team that is available 24/7 to assist with any queries or concerns.
Google Play https://play.google.com/store/apps/details?id=com.shopee.ph&hl=en&gl=US
App Store https://apps.apple.com/ph/app/id959841854
Juan Hand app
Juan Hand is a mobile lending platform that offers fast and convenient loans to Filipinos in need of financial assistance. They provide personal loans that are designed to help customers with unexpected expenses, such as medical bills or home repairs.
Juan Hand offers competitive interest rates, with loans ranging from 2,000 Php to 50,000 Php. Annual rate based on the company’s profile is 20%. There are also loan processing fees and service charges. They also provide flexible payment options to help customers manage their finances effectively.
The Juan Hand mobile app is a convenient and easy-to-use platform that allows customers to apply for loans and manage their accounts from their mobile devices. Once logged in, they can apply for a loan by submitting their personal and financial information, as well as supporting documents such as IDs and payslips. The app provides a quick and easy application process, with loan approvals typically granted within minutes.
Customers can also use the app to view their loan status, repayment schedule, and payment history. Plus, it offers a range of customer support options, including a chat feature that allows users to connect with a customer service representative.
Google Play https://play.google.com/store/apps/details?id=com.juanhand.fast.cash.peso.loan.app&hl=en&gl=US
App Store https://apps.apple.com/ph/app/juanhand-online-cash-loan-app/id1515880756
Union bank
Union Bank is a leading Philippine-based bank that offers a range of financial products and services to individuals and businesses. They provide a range of loans, credit cards, and other financial products to help customers achieve their financial goals.
Union Bank offers competitive interest rates on their loans, with rates varying depending on the type of loan and the customer's creditworthiness. They offer personal loans ranging from 20,000 Php to 1,000,000 Php with repayment periods of up to 36 months.
Union bank also offers a wide range of banking services, including savings and checking accounts, credit cards, and insurance. The app also allows users to check their account balances, pay bills, and transfer funds. Union bank is available for download on both Android and iOS devices.
Google Play https://play.google.com/store/apps/details?id=com.unionbankph.online&hl=en&gl=US
App Store https://apps.apple.com/ph/app/unionbank-online/id1242291412
24h peso
24h Peso is a mobile application designed to provide fast and easy access to cash loans for individuals who need immediate financial assistance. The platform offers hassle-free loan application and approval processes, ensuring that users can get their money in just a few minutes.
With 24h Peso, users can borrow a loan up to Php 50,000, payable within 91 days. The interest rate charged per year which can go from 15% to 24%. There are no hidden charges or fees, making it easier for users to manage their repayments.
To use the 24h Peso app, users must download it from the Google Play, no app for iPhone. The app is free to download and requires users to create an account before they can apply for a loan. Once the account is set up, users can fill out the loan application form and submit the necessary documents, such as government-issued IDs and proof of income.
Google Play https://play.google.com/store/apps/details?id=com.peso24h.philippine&hl=en&gl=US
City Savings
City Savings is a traditional bank in the Philippines that offers fast loans to its users through its mobile app. The app has a user-friendly interface, and borrowers can apply for a loan within the app itself. Loan amounts up to Php 1,000,000 with an interest rate of 0,5% and repayment period of up to 5 years.
City Savings also offers a wide range of banking services, including savings and checking accounts, credit cards, and insurance. The app also allows users to check their account balances, pay bills, and transfer funds. City Savings is available for download on both Android and iOS devices.
App Store https://apps.apple.com/ph/app/loan-ranger-mobile/id1574463160
Cebuana Xpress App
If you don’t get approved for a loan, Cebuana Lhuillier offers you her prodcut Cebuana Xpress App. This app allows clients to pawn jewelry quickly and easily from the comfort of their own home.
To use the app, you just need to take a photo of jewelry and upload it to the app. The app will appraise your jewelry and give you a loan offer within minutes. If the offer suits you, just send the jewelry and Cebuana will release the funds in your account.
This can be a great option to turn your old jewelry, electronics, or other valuable things into cash. In the app client can keep track of pawned items. App is giving a fair price and also can be used to send or receive payments, pay bills, or buy a load.
Google Play https://play.google.com/store/apps/details?id=com.ncvi.cebxpress&hl=en&gl=US
App Store https://apps.apple.com/ph/app/cebuana-xpress/id1552806586
BillEase
BillEase is a mobile app owned by First Digital Finance Corporation that offers fast and easy loans to its users. The app has a user-friendly interface, and borrowers can apply for a loan within the app itself. Loan amounts range from Php 2,000 to Php 40,000 with a repayment period of up to 12 months. The lowest interest rate is only 3.49% monthly.
BillEase also offers a feature called "Buy Now, Pay Later," which allows users to purchase products on installment plans. The app also allows users to view their loan and installment details, as well as their transaction history. BillEase is available for download on both Android and iOS devices.
Google Play https://play.google.com/store/apps/details?id=ph.billeasev2.mobile&pli=1
App Store https://apps.apple.com/ph/app/billease/id1484485168
In conclusion, fast loans mobile apps have become increasingly popular in the Philippines as they provide a convenient and accessible way for Filipinos to access credit. With the use of these apps, borrowers can apply for loans easily and quickly without having to go through the lengthy process of traditional banks.
It is important to note that while fast loans mobile apps offer quick and easy access to credit, borrowers should still be responsible and ensure that they can afford the loan before applying. Borrowers should also be aware of the terms and conditions, including interest rates and fees, before accepting the loan. Overall, fast loans mobile apps are a convenient and accessible way for Filipinos to access credit, but borrowers should still exercise caution and responsible borrowing practices.