Do you have a loan that you can’t repay because of your daily expenses? Are you having trouble repaying hospital bills because you were not able to save enough money? Can’t throw a party for your son because of debt?

Put an end to your financial problems by applying for an easy loan. It’s near-instant cash that can help you get back on your feet. It’s convenient, quick, and hassle-free, but is offered by numerous lending companies.

It’s important to partner with the right company in order to get the best loan because a lot of lenders offer similar deals. Know what some lending companies in the Philippines have to offer.

Easy loans do not require collateral as insurance to the lender if the borrower fails to pay back the loan or defaults. Collateral is any material object owned by the borrower that a bank can assign a value, and will be seized by the bank when the borrower defaults.

5 Top Companies

Cash Mart
(4.67/5) 3 voice
PHP 3000 - 30000
from 30 to 90 days
Interest rate
for 0.06% per month
(5/5) 1 voice
PHP 2000 - 20000
from 1 to 180 days
Interest rate
for 0.4% per month
Online Loans
(5/5) 1 voice
PHP 1000 - 20000
from 1 to 90 days
Interest rate
for 1.25% per month


Loanable amount Terms Interest rate Age limit Gross monthly income Requirements
PHP 100,000 to 2M 12, 18, 24, 36, 48 months 1.39% per day 28 to 63 years old PHP 30,000 for borrowers outside Metro Manila; PHP 45,000 for Manila-based borrowers; and PHP 50,00 for self-employed borrowers Salaried employees

  • Signed application form
  • Promissory note
  • Disclosure statement
  • Photocopied company ID
  • One valid government-issued ID with three specimen signatures
  • Latest BIR form 2316
  • One-month payslip
  • Certificate of Employment (COE)


  • Latest Income Tax Return (ITR) with BIR stamp and tax receipt
  • Two years of audited financial statements
  • SEC/DTI certificate of registration
  • Six-months worth of bank statements.

loanagad can easy loan?

To sustain its business and manage potential losses, LoanAgad imposes a daily interest rate and an income bracket. It has the largest loanable amount with the highest payment terms. It’s the go-to lender for people who require a substantial amount.

However, their monthly income requirement may be too high for the average consumer who just needs cash fast. Borrowers outside Metro Manila may have a lower income requirement, but not all provincial companies offer competitive pay.

LoanAgad also sets a median age limit to prevent young people from being burned out by interest. But this can also discourage them from applying with LoanAgad because of the strict age requirement. It may force them to seek other providers.

This also applies to senior citizens because they only have three years to loan. What if the senior was 63 years old upon loan maturity? The window of opportunity is too small, which isn’t a problem with Robocash.

LoanAgad wants to make sure its clients can pay, so they have a list of documents for people aspiring a loan with them. This is a double-edged sword, especially for the non-salaried individuals and professionals.

For LoanAgad, it’ll prove that their customers are financially capable to repay them back. But for the average consumer, it’ll be time-consuming and emotionally draining because of the difficulty of filing some of the requirements.

Robocash Instant Loans does not make it hard for the borrower to get an easy loan. The service is fully automated and online-based. The requirements are fairly simple and you don’t need to leave the house to present them. Once approved, the loan can be sent to the borrower’s bank account in as fast as four minutes.

Unlike LoanAgad, Robocash does not require guarantors representation, documentation, or any guarantee deposit. They’re so lenient that even the unemployed and students can take a loan if they know someone who can repay it.


Cash Mart Asia

Loanable amount Terms Interest rate Age limit Gross monthly income Requirements
PHP 5,000 to PHP 50,000 Weekly (3-5 weeks


1.6 monthly add-on rate 21 to 50 years old Stable income Salaried employees

  • One government-issued ID
  • Recent one-month payslip
  • Proof of billing

Self-employed individuals and professionals

  • One government-issued ID
  • Recent bank statement
  • Proof of billing

Seafarer’s allottees, Overseas Filipino Workers (OFWs), taxi drivers and Transport Network Vehicle Services (TNVS) drivers

  • Latest one-month statement of account
  • One government-issued ID
  • Proof of billing


Cash Mart Asia is Singapore’s top lending company. Since its establishment in 1969, it has made a name for itself for having simple monthly payment schedules that borrowers could easily repay.

This is enticing news for young people but not as much for senior citizens. Seniors cannot apply for a loan unless they ask someone younger to file one for them, given the 50-year-old ceiling of Cash Mart.

Yes, approval and transfer of the loan to your bank account will take less than one working day. Yes, all you need is an internet connection and your requirements for sending. But it can be difficult for the elderly whose pension stopped or is insufficient.

Cash Mart also includes professionals like TNVS operators and OFWs to file for a loan. The company understands that not all of them are making a fortune. But the catch is they have to be permanently employed.

Robocash does it differently: they cater to the unemployed, students, retirees, and housewives who don’t have permanent work. All they must do is to leave the contact details of the person who will repay the loan on the application form.

Robocash also gives senior citizens a break because they have a wider age requirement from 21 to 70 years old. It’s more convenient for them as well because, upon approval, they can receive the cash in four minutes.

BDO Unibank, Inc.

Loan type Loanable amount Terms Interest rate Age limit Requirements
Personal loan Minimum of PHP 10,000 6, 12, 18, 24, and 36 months Effective per annum rate:

25.98  to 26.27%

Factor rate: 0.17 to 0.04

Monthly add-on rate: 1.30 to 1.25%

21 to 70 years old Minimum of PHP 120,000 for salaried employees, while PHP 400,000 for self-employed individuals and professionals

Filipino citizen or a foreigner who’s been living in the Philippines for at least two years.

A landline and mobile phone at home and work within an area serviceable by BDO.

For salaried employees, latest BIR Form 2316 or W2 (with a signature from the employer’s authorized representative), original Certificate of Employment and Income (COEI) issued in the last three months, and last full-month payslip.

The COEI should indicate the applicant’s status, length of service and breakdown of compensation.

For the self-employed and professionals, a photocopy of the registration of their business name.

For partnerships issued by the Securities and Exchange Commission (SEC), photocopies of their latest ITR and W4 with BIR/Bank Stamp, latest audited financial statements in the last two years, and six-months worth of bank statements.

BDO Kabayan Program Effective per annum rate:

40.05 to 39.43%

Factor rate: 0.18 to 0.04

Monthly add-on rate: 2%

Can BDO makes loan?

Banco De Oro (BDO) is one of the largest banks in the Philippines that offer personal and unsecured loans for salaried employees, self-employed individuals, and professional Filipinos and foreigners. Foreigners should have been living in the country for two years.

Since they are a bank, their money is insured and secured in a vault. BDO’s resources and influence allow them to cater to everyone, which is commendable because they don’t choose who to serve. As long as you pass all their requirements and qualify, BDO will service you.

However, gathering all their requirements can be tedious. You will need to make an appearance in their office at least once for verification and document filing. This may require you to skip work or an important appointment, which isn’t something Robocash would require its clients.

What if the loan was needed tomorrow? BDO may have all the fail-safes, the name, and the influence, but these will be ignored by the borrower who needs money instantly. This is where Robocash shines: by being able to deposit money in the borrower’s account four minutes after they approve the loan.

Robocash also simplifies the loan application process by transferring all operations online and reducing their number of requirements, including monthly gross income. This will make everyone confident to apply since it’s so convenient.

No more confusion about the forms and documents you need to procure. Robocash will be the one to verify with your employer or the person who will repay your loan, whose name you will write on your application form.



Loanable amount Terms Interest rate Age limit Gross monthly income Requirements
PHP 2,000 to PHP 20,000

First loan worth PHP 7,000 is free

6 months 1.30% per day our up to 40% of approved total loaned amount 20 to 60 years old Borrower must have a stable job or a minimum monthly income of PHP 6,000
  • Signed application form
  • One valid government-issued ID
  • Valid bank account


One of the biggest payday loan companies in the world with 2,829,205 satisfied clients, Cashwagon is easy to trust because of its free first loan. It won’t incur any interest rate; you just have to pay it on the date provided on Cashwagon’s website to avoid incurring additional charges.

Like the other easy loan companies in this list, Cashwagon’s simple requirements coupled with its first-time loan promo makes the company so desirable. The company can approve the loan in less than five minutes and deposit it in the bank account given by the borrower.

The amount can be paid through multiple payment options, such as 7-Eleven, Bayad Center, SM Payment Counters (Department Store, Supermarket, Savemore, Hypermarket), Robinsons Department Store and Supermarket, Cebuana Lhuillier, LBC and Landbank ATM.

However, its interest rate can be pretty steep at 40% of the total loan amount approved by Cashwagon, especially when it’s extended to six months. For borrowers who are in need of quick cash, they must also repay the loan as soon as possible to avoid late payment charges and interest.

Robocash also has a fixed amount for first-time loaners and only one month to pay it all back. Borrowers may have a harder time paying Cashwagon back if they stretch payment terms to six months because of additional fees.

Online Loans Pilipinas

Loanable amount Terms Interest rate Age limit Gross monthly income Requirements
PHP 2,000 to PHP 20,000

First loan worth PHP 7,000 is free

Minimum of 7 months and maximum of 30 months 1% per day, with maximum 430% APR 22 to 60 years old Borrower must have a stable job
  • Signed application form
  • One valid government-issued ID
  • Valid bank account

onlineloans ph

One of the best parts about Online Loans Pilipinas is its unique repayment scheme. The customer could choose when to repay. You can pay the minimum amount and repay the rest later. Its flexible terms allows the borrower to pay, literally, on their own terms.

Like Cashwagon, Online Loans Pilipinas uses the following merchants: 7-Eleven c/o Dragon Loans, Bayad Center, SM Payment Counters (also via Dragonpay), Cebuana Lhuillier, LBC, and Robinson’s Payment Center.

Online Loans Pilipinas is very flexible and perfect for people on the go. There’s bound to be one of the aforementioned stores near you. The loan can be deposited in the bank account of the borrower in less than 20 minutes. This includes approving the loan and waiting for the money to hit the account.

However, if you are the type of person who would extend payment terms, you may encounter high end-month bills. A lower APR or annual percentage rate of charge may make it impossible for the borrower to pay back everything in time. Late payments can make it more difficult to repay Online Loans PIlipinas.

Robocash doesn’t have a high APR because of its lower payment terms. For the average consumer, one month is enough because they don’t want to pay additional interest. The company also has a “trial” period for first-time loaners to know the experience of loaning first-hand.

Requirements for easy loan

Robocash will only ask for your most important information. They won’t require you to send documents that they will not use to verify your identity nor financial capacity.

  • Active, unblocked mobile number
  • One valid government ID
  • Other supporting documents
    • Payslip
    • COE
    • ITR
    • Company ID
    • DTI (if self-employed or with business).


How to get the approval

It’s so easy to apply for a loan with Robocash. You just need to follow these three easy steps.

Step 1: Create an account on Robocash’s website. It will ask you to provide an active mobile phone number, account password, and email. Robocash wants to stay in touch with you, so they’ll ask what messenger apps you use for faster communication.

Step 2: Fill in your personal information. They will request a valid ID and your current address as well as your postal code.

Step 3: Provide your employment details. Robocash accommodates various employment types — even the unemployed, such as students, housewives, and pensioners. You don’t need to be employed — only know someone who can repay the loan.

Even if you decide to end your application before finishing the third step, Robocash will continue sending emails to the email address you provided on the application form. They are that persistent when it comes to reminding you to finish your application.

Interest rates

This is where things get interesting.

The other three lenders offer significantly higher easy loans that can be repaid for up to 48 months. But for the average consumer, stretching the amount and payment terms will make the loan harder to pay in the future.

BDO may have the resources to accommodate all the borrowers in the Philippines, but their income requirements and documents make them less favorable over Robocash. Having a 40.05 effective annual interest rate may make the loan a burden for the lendee instead.

Cash Mart Asia has a similar interest rate and doubles the maximum loan amount offered by Robocash. However, they only serve the employed. Robocash includes everyone, even those without work.

If you don’t have a credit card and high income, LoanAgad won’t be able to accommodate your loan application. But not Robocash, who has the least requirements among the three. That’s why it’s not surprising to have 317,246 customers go all-in with Robocash, with 95% of the requests already approved.


The administrator of the site, ruthlessly remove reviews containing advertising. Keeps the financial market of the Philippines under the radar.