Best Quick Cash Loan Philippines

What is a Quick Cash Loan?

A Quick Cash Loan is a short-term cash loan which can be repaid over a period of days, weeks or months. It is a service offered by various banks or non-banking financial institutions (NBFI) which can be availed by an individual to borrow a certain amount of money for whatever purpose there may be. 

While regular bank loans typically require clients or borrowers to go through a rigid application process before becoming eligible for a loan, a Quick Cash Loan provides the easiest and simplest screening process to qualify someone who is in need of immediate cash.

Benefits of a Quick Cash Loan

Hassle-free

Getting a Quick Cash Loan over a regular bank loan is convenient for those who need cash right away. Whether or not it is for emergency use, a Quick Cash Loan provides assurance that you will receive your desired amount of money even without collateral. 

Flexible Repayment Plans

Many loan applications online now offer flexible repayment plans which makes repaying your loan easier.

Expanding Credit Limit

The first Quick Loan that is released will have a lower maximum loan amount but paying your loan on time will allow you to grow your credit limit and give a higher maximum loan amount for you to borrow.

Leading Quick Cash Loans in the Philippines

Cash Mart

Loan Requirements and Features

Age Limit: 21 to 50 years old

Loan Amount:: Php 3,000 – Php 30,000

Interest Rate: 0.0571% per day (APR: 20.8415%)

Processing Fee: 10% of the principal loan amount

Loan Tenure:

• Weekly (due date every 7 days);
• Bi-weekly (due date every 14 days); or
• Monthly (due date every 28 days)

Cashwagon Cash Loan

Loan Requirements and Features

Age Limit: 20 – 60 years old

Loan Amount:: Php 2,000 – Php 7,000

Interest Rate: 0% (if initial loan) or 20% (if repeat loan)

Processing Fee: None

Loan Tenure: 10 days (if initial loan) or 30 days (if repeat loan)

Billease Cash Loan

Loan Requirements and Features

Age Limit: At least 18 years old

Loan Amount:: Maximum of Php 30,000 

Interest Rate: Minimal

Processing Fee: Php 20

Loan Tenure: 30 days to 12 months

ACOM Revomax Cash Loan

Loan Requirements and Features

Age Limit: 21 to 65 years old

Loan Amount:: Php 20,000.00 – Php 150,000

Interest Rate: 4.563%

Processing Fee: Php 500 – Php 1,000 (depending on the loan amount)

Loan Tenure: 6 months

Radiowealth Finance Corporation (RFC) Personal Loan

Loan Requirements and Features

Age Limit: At least 18 years old

Loan Amount:: Php 5,000

Interest Rate: 3.5% to 4% each month

Processing Fee: One-time 6% processing fee will be deducted from the approved loan amount. Additional Php 200 for notarial fee.

Loan Tenure: 3 to 12 months

Conclusion

Analyzing first whether or not you will be needing cash immediately is important before availing the Best Quick Cash Loan. It is also essential that you are completely aware of what to do using your borrowed money. By doing so, you will be able to accurately weigh down if it is better to apply for a regular loan or a Quick Cash Loan instead. Knowing if you really need the cash right away will also help you to choose the loan that will best address your needs.