Fast Cash Loans In The Philippines
Your financial boost within reach.
We believe every Filipino deserves a fast, convenient and flexible loan in times of financial crisis, business opportunities, and realization of a dream. Moneylender pushes the traditional boundaries to give the best loans to suit your needs.
Fast cash loan direct lender in the Philippines for every Filipino in times of financial needs
Our system is protected with anti-fraud programs to keep your personal information secured.
You can choose the most favorable repayment terms you can adhere with ease.
Complete your online application in five minutes and get your money on the same day you got approved.
Application Process in a Breeze
Get fast cash loans for your every need from
travel goals to home renovations. It just takes 3 easy steps.
Click “Apply Now” and fill in all the needed information.
Get a call, SMS or email from our friendly credit verifier within the day.
Once approved, we send your funds to your bank account within the day.
Fast Cash Loan Philippines Sure Approval
How do you get approve for a quick cash loan?
Filipinos usually get a loan for various reasons. From buying groceries to purchasing plane tickets, most of us have certain reasons to borrow money. In fact, Bangko Sentral ng Pilipinas shared that one in every seven households in NCR avail personal, salary, multipurpose, and business loans.
In the past, traditional loans and lending firms require physical appearance and collaterals before they approve loan applications. The process was slow, tedious and inconvenient especially for those who have very little free time to complete a long list of paperwork.
Furthermore, our lifestyles, aspirations, and dreams may have changed but the need for a quick financial assistance has grown. This is not just because most Filipinos do not have emergency savings. We have also realized that loans have other benefits such as building the credit history, expanding businesses, grabbing investment opportunities right on time and bridging short-term financial gaps.
With noticeable high demands, Filipinos can now spontaneously get loans with sure approval anytime and anywhere. This type of loans is called fast cash loan.
Cash loans are short-term no collateral loans offered by various financing and moneylending firms. Each company has its own process, requirements and qualifications. Of course, as years pass by, the moneylending industry has been developed to fit the changing needs of Filipinos.
Now, fast cash loan application has simplified process and minimized requirements. Here’s how it works.
Qualifications can be the age, location, citizenship, or other factors that define if a person is eligible for a loan. Each financing firm or money lender has its own list of qualifications. Some may approve loans for seafarer and OFW allottees while others only offer loans to employed Filipinos with permanent status.
On the other hand, there are lenders who have loan solutions for employed, self-employed, and Filipinos receiving regular remittances.
Checking the qualifications first can absolutely save your time and effort. With this list, you can easily see if you have a chance to get approved or not. Once you had confirmed that you are qualified for a loan you can then start your fast cash loan application.
Here in the Philippines, we all know how bothersome it is to get legal documents, valid government IDs, and other paperwork. Good thing that the requirements for the unsecured quick cash loans have been drastically cut down. Now there are only three main requirements: Valid proof of identity, proof of billing and proof of income.
Aside from this, registered lenders are willing to give you options in case you lack some of these requirements. Let’s say you are renting an apartment and you have no proof of billing under your name. An understanding moneylender will give you other options.
On the other hand, you must be cautious if the process only requires a valid ID. When you think of it, if you are a lender, there are three things you want to validate before you let a person borrow your money. There are the person’s identity, where the person actually lives and if the person has the means to pay with interest. So, if the requirement is too lax, then it may be too good to be true.
Most probably, you are dealing with an illegal moneylender.
Where will you pass your requirements? With constant innovations, the lending industry has improved too. You can now apply for a loan online and upload your documents to a secured website. Gone are the times when you have to take a leave from work just to process a loan.
Once you have submitted your requirements, a credit officer will get in touch with you. Traditional lenders will visit your home and probably talk with your family and neighbors to know your current financial status.
Nowadays, online moneylenders do credit verification through phone calls. They may ask for your character reference and give them a call too. At the same time, they can ask a credit bureau if you have a negative record with your past debts. This saves time in both ends – yours and the moneylender’s
Once you get a sure approval, then you will your cash in as short as an hour to a day. There are various ways to receive your funds, and the most recurred and convenient way is to get it directly into your personal bank account.
With online moneylenders now here in the Philippines, you can apply for a fast cash loan without even leaving your home or office. You simply have to tap away in your smartphone and make sure that you can answer the credit officer’s call to make the process faster.
The best fast cash loan is offered by registered online moneylenders. Throughout the years, the practice of loan sharks has been rampant. Despite getting loans the fastest way, people end up getting more debts.
Fast cash loan from a registered moneylender
Filipinos learn to get a loan only from moneylenders who are licensed to operate under the Securities and Exchange Commission (SEC). This way, they are sure that the company will not take advantage of them and there are fair terms and conditions.
Fast cash loan with flexible options
Every loan application must undergo a process, and the best fast cash loan providers help the applicants with various options to comply. For example, you are living with your parents and your proof of billing is under their name. The moneylender can simply ask for your birth certificate as a supplementary document.
Fast cash loan without credit card
You can now avail fast cash loan without a credit card. While having a credit card and good payment history is a plus, it is not a requirement for online moneylenders. Moneylenders have various ways to do their credit verifications. If you have no credit card, then it is best to shop around for a lender who does not require it.
Fast cash loan without collateral
A fast cash loan without collateral gives you the chance to get a loan even without risking any of your valuables. Aside from this, since there is no collateral needed, there will be less paperwork required. This makes the process faster that the tradition secured loans.
You can get a fast cash loan from registered moneylenders. SEC-mandated licensed moneylenders to follow its stringent rules and regulations. As a borrower, you must be able to determine if a moneylender operates legally or not.
Before you apply for a loan, it is best to check if the company has a valid registration. You may also confirm if the company has a physical office which you can visit. A company is required to have a real office to finalize its registration. If you are applying for an online fast cash loan, you may inspect its website if it is secured.
There may be various moneylenders offering fast cash loans, but you must shop around for the best one that fits your needs and preference.
Getting a fast cash loan in your times of need is like getting extra funds on tap. Simply choose an online moneylender and fill up the form. Then wait for a credit officer to get in touch with you. It quick, convenient and reliable.
However, it is also disheartening to get declined when you need it the most. You have to know what you need to do to get the fast cash loan sure approval.
Positive credit report means you have good payment behavior with your previous. The reason a lot of Filipinos get declined is because they didn’t pay their past loans or credits diligently. This may include your credit card bills and even outstanding postpaid bills. The records can also contain financially related cases like estafa and bankruptcy.
You might be wondering it is impossible for money lenders to check on your past credits. But here’s the kicker:
The Republic Act No. 9510 mandates the establishment of Credit Information Corporation.
This credit information system will help both the borrowers and the money lenders. The borrowers can easily get approved if they have good payment history, and the lenders can lessen the risk of default by knowing which borrowers have negative records.
While the government is still at work on making the credit reports centralized, we are now able to use the services of various credit bureaus.
Assuming that you got a loan from a legal money lender. You have settled it on time and the company reported this to the credit bureau it is affiliated with. Then you have decided to get a housing loan from a bank.
The bank pulls out your credit report from the credit bureau and sees that you are good at handling loan repayments. It will then decide what score to give it. This is called your credit score.
Another thing to consider is if you apply for a loan from a bank, they will usually reject you if you don’t have any credit history. This means your credit score is zero. There is no history to know how well you will handle your loans.
On the other hand, if you get a quick cash loan from a moneylender, they will consider giving you an approval based on other financial factors such as your regular source of income and other existing financial responsibilities.
How to Get Sure Approval?
Use the credit reports to your advantage!
If it is your first time to apply for a loan. Get it from a licensed moneylender. Registered lenders are required to report good and bad repayments to the credit bureaus. If you pay your loans on time, then you are building your creditworthiness.
By the time you are ready to get a housing or car loan with a higher amount, you already have the positive report to get a sure approval.
At the same time, you can easily get cash loans without much fuss.
Here’s the clear-cut truth: no registered money lender will lend a fast cash loan to a person who has no stable source of income to repay the loan.
Let’s say a complete stranger suddenly asked you for a loan. You learned that the person has no stable salary. Naturally, you will reject the request since you know there is a high risk of not getting paid.
The same goes for the registered money lender. It’s not about the amount of income. In fact, there are lenders who give a loan to those earning the minimum salary rate. On the other hand, the stability of income is another thing.
Moneylenders ask for payslips, bank statements, proof of remittances or any other proof of income to evaluate your capability to repay with ease. This helps them give you an option on which term best suits you.
Whether you are employed, self-employed or an OFW/Seafarer allottee, you are eligible to get a loan if you can prove that there is a regular cash inflow.
How to Get Sure Approval?
You can get a sure approval if you can provide a valid proof of income. If you are unable to provide the proper documents, ask the money lender for any possible options.
Make sure that the information is consistent with your other documents and they are clear and readable.
For employed, you will be asked for payslips or Certificate of Employment. Entrepreneurs can provide their business permits and allottees may submit their proof of remittances under their name.
Getting a fast cash loan evolves on trust. To get approved, you have to prove that you are creditworthy and can be trusted to pay as agreed.
You build trust starting from the moment you fill in your application form. You must make sure that all of the information is right, consistent and true. Falsifying any information will surely get you declined.
Certain applicants pretend that they have been employed for a longer time, others made-up their payslips with a higher salary.
Money lenders surely have highly trained credit officer who can spot false information and inconsistencies. They will easily know if you are sugarcoating some information to make your application squeaky clean.
How to Get Sure Approval?
To get approved, you must show your creditworthiness through transparency. Make sure all of the information are consistent. It is best to be truthful and you’ll discover that there are money lenders who are considerate and willing to give other flexible alternatives to accommodate you.
Moneylenders receive hundreds of loan applications a day. When an application form lacks certain information or if you miss a required document, they try to reach you to complete them. However, if you fail to comply within a few days, they may have to put your application on hold or decline it altogether.
How to Get Sure Approval?
Before you submit your application form and documents, ensure that you have completed every needed data. If you don’t get an immediate reply from a credit officer, recheck the information if all of your contact details are right. Also, take the time to send a follow-up email to know if there are other things that you need to provide.
Getting declined when you need cash the most is distressing. It is even harder to accept the rejection if you do not know why you get declined- and naturally, the lender will not tell you this.
What’s the bottom line?
Applying for a loan is about creditworthiness. Once you are given a chance and got approved, make sure to handle the privilege with care. If you settle your loans on time, it will open more financial opportunities such as a reloan with a faster process, getting approved with a higher loan amount and having a good credit history.
Looking for a fast cash loan with flexible repayment terms? Get it from Moneylender to experience the best online loans in the Philippines.
Need cash now? Your search is over!
Start your online application now to borrow without any hassle.