Easy Personal Loans Philippines

What is an Easy Personal Loan?

Unlike other regular personal loans, Easy Personal Loans Philippines refers to a quick service provided by different bank institutions or loan companies in which Filipinos, in particular, may immediately borrow cash to finance their daily needs.

This kind of loan may be used for a variety of purposes. To name a few, the types of loans offered for different purposes are as follows:

• Cash Loan
• Home Loan
• Auto or Car Loan
• Gadget or Appliance Loan
• Business Loan 
• Salary Loan
• Calamity Loan

Benefits of Easy Personal Loans

Personal Loans alone are beneficial for Filipinos who are short of cash to pay their debts, settle their bills, and/or simply fulfill their needs. However, there are instances where your need to obtain cash can no longer wait and personal loans with stringent measures or processes are not enough to immediately provide you cash. When an emergency also occurs, it leaves the borrower with no choice but seek urgent cash before anything worse happens.

One way to help borrowers receive quick cash and meet the aforementioned needs is by applying for Easy Personal Loans Philippines. With its term “easy”, these loans address unexpected situations by allowing borrowers to skip a lot of meticulous processes and requirements which may not only hinder them from getting qualified but also hold their application at pending status.

Easy Personal Loan Providers in the Philippines

To prevent getting a delayed loan, look for the best loan provider which will guide you to apply with fewer requirements, easy application, and faster processing time. The following are some of the lenders in the Philippines which offer easy personal loans:

CIMB Personal Loan

Loan Amount: PHP 30,000 up to PHP 1,000,000

Interest Rate: 1.12% to 1.95% per month

Loan Tenure: 1 to 5 years (multiples of 12 months)

Approval Period: Within 10 minutes (through the CIMB Bank mobile application)

Citibank Personal Loan

Loan Amount: Maximum of PHP 2,000,000 (without any collateral or guarantor)

Interest Rate: 26.90% to 30.90% (for new Citi customers)

Loan Tenure: 1 to 5 years  

Approval Period: Within 1 day 

Radiowealth Finance Corporation (RFC) Personal Loan

Loan Amount: PHP 10,000 up to PHP 3,000,000

Interest Rate: 3.5% to 4% per month

Loan Tenure: 1 to 36 months 

Approval Period: Within 1 day  

ACOM Revomax Personal Loan

Loan Amount: PHP 3,500 up to PHP 500,000

Interest Rate: 3.315% to 4.563% per month

Loan Tenure: 6 to 10 months 

Approval Period: Within 1 day

Security Bank Finance Personal Loan

Loan Amount: PHP 200,000 up to PHP 2,000,000

Interest Rate: 1.89% per month

Loan Tenure: 12, 18, 24, or 36 months

Approval Period: Within 5 business days

Conclusion

Whether or not it is for your urgent needs, determining the right kind of easy personal loan should always be taken into consideration. This is because Easy Personal Loans Philippines are offered to provide you quick cash but despite its convenience for borrowers, it is still essential to first examine all loan features in order to weigh down your options, select the appropriate type of loan, and decide on what easy personal loan can you afford.