How To

How to get a loan without a credit check in the Philippines

How to get a loan without a credit check in the Philippines

Your choice for easy bank loans with bad credit is rather limited. Typically, banks and government agencies reject loan applications from borrowers with bad credit. So these creditors are out of the question.

However, there are other lending organizations in the Philippines that approve loans for people with bad credit scores, ensuring guaranteed loan approval no credit check. You can borrow money for any financial situation, even those with imperfect credit history. Once you get a loan approved with bad credit history, you still need to manage it like you would any other loan.

Applying for a loan with bad credit

Not all banks are ready to issue a loan with any credit history. Most large companies refuse even those who have never taken loans before and do not have a dossier. The reason is that it is impossible to predict the behavior of the borrower. And if the credit history is bad, then the situation is even worse.

For closed delays, try to contact banks that offer urgent services. They can close their eyes for the violations committed, if they are closed and were not cardinally serious. If they do not give approval, then contact the MFI. Some micro-lenders issue loans even with open delinquencies.

Choosing a company and applying for a loan with a bad credit score

All lenders accept applications from citizens via the Internet, this is a more convenient and faster form of lending. You will be asked to complete a questionnaire and submit it for review. The bank can give a decision immediately, or maybe in a day. If a positive decision is made, the client goes to the office.

During the visit, you need to provide a package of necessary documents. They are necessarily checked for authenticity, a verification of the identity and information (real and the one indicated in the questionnaire) is carried out. After you sign the contract you receive money. As a result, they are issued in one visit, no running around.

If all banks have refused you and you have nothing to pawn in a pawnshop, then the only way out for you is to apply for a loan in a microfinance company. All MFIs apply for loans online. At the same time, only ID is often enough as documents.

Tonik Quick Loan

Are you need a cash loan without a credit check? Here you can apply and receive money in minutes. To apply, you need an ID and a bank account. If you meet these requirements, then you can get approved within 30 minutes and get your money.

  • Loan amount: 5,000 – 50,000₱
  • Monthly add-on interest rate: 4.26%
  • Approval time: As fast as 30 minutes
  • Payment terms: 6 – 24 months

Tala Cash Loan

Cash assistance has never been as convenient as Tala Cash Loan. You can apply for this cash loan using the mobile application. In addition, the requirements for borrowers are simple. This loan is suitable for unexpected but minor expenses.

  • Loan amount: 1,000 – 25,000₱
  • Daily interest rate: 0.5%
  • Approval time: A few minutes
  • Payment terms: Up to 61 days


Another online cash loan that you can get without a bank card is the ACOM loan. You can get this fast loan in just 1 day.

The application process is simple – you can apply online or go to an ACOM branch. Also you need to provide 3 documents: valid ID, proof of employment and proof of TIN.

  • Loan amount: Up to 500,000₱
  • Monthly add-on interest rate: from 4.988%
  • Approval time: 1 day
  • Payment terms: 6 – 10 months

Blend PH Loan

A personal loan with a fast online application process is available at Blend PH. This is a peer-to-peer lending platform that is ideal for those who are looking for large loan amounts and flexible payment terms.

  • Loan amount: 50,000 – 2,000,000₱
  • Monthly interest rate: 1.5%, 2%, or 3%
  • Approval time: Up to 48 hours
  • Payment terms: 12 – 36 months

Cashalo Cash Loan

You can choose Cashalo Loan to cater for small amounts of emergency needs. Receive loan funds to your e-wallet or your bank account and pay up to 3 months.

  • Loan amount: 1,000 – ₱7,000₱
  • Monthly interest rate: 3.95%
  • Approval time: Less than 24 hours
  • Payment terms: Up to 3 months


For unexpected quick money needs, you can check out Finbro. You can only apply for a loan with a valid ID and a selfie using your mobile phone or computer.

Verification of documents and approval of the application are carried out in a matter of minutes, after which you can receive your money to your bank account indicated in the application.

  • Loan amount: Up to 50,000₱
  • Monthly interest rate: around 5%
  • Approval time: 10 minutes to 1 day
  • Payment terms: Up to 12 months


If you are already using GCash, then you have seen the GLoan function in the toolbar. This fast GCash loan is available to pre-approved GCash users who meet the GScore requirements.

GLoan is issued for up to ₱125,000 and for up to 24 months. The borrowed funds will be credited to your GCash wallet within a few minutes.

  • Loan amount: Up to 125,000₱
  • Monthly interest rate: 1.59% – 6.57%
  • Approval time: 1 day
  • Payment terms: 5 – 24 months

Important Notes

It is worth considering a number of factors in order not to fall into a debt hole. First, follow the deadlines for repayment of a microloan. Given your difficult financial situation, which forces you to take out microcredits, you hardly need extra late fees. Secondly, borrow microloans for short periods. It makes sense to take microloans only for short periods, so as not to overpay high interest rates. And if you have the opportunity, then pay off the microcredit in advance. Third, keep all pay stubs and receipts. In the event of a conflict with the organization, this will serve as iron proof that you did not deviate from payment.


Do not take a new microcredit to pay off existing debts. So you will fall into a financial trap, because the money will have to be returned, but with higher interest.

Author Maria Torres from Upfinance.

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