Fast Cash Loans In Minutes: So 21 Best Quick Cash Loans In 2024

Fast Cash Loans

Fast Cash Loans: Emergencies do occur. You won’t be prepared for the unexpected illness of a loved one, unanticipated education costs, job loss, or even the need for home or auto repairs following a typhoon. Assuming you have an emergency fund, however, you should be able to overcome these financial difficulties.

However, only some have a healthy and consistent savings account. You may require more than your emergency fund can offer. Your only choice in this situation is to apply for a quick cash loan from a source.

Don’t worry if you’ve been wondering where to obtain a fast cash loan; this is thorough information on the fundamentals of quick loans in the Philippines. A list of the top fast cash loans available in the Philippines is also provided for your consideration.

Also Read: Requirements For Cup Loan Program

Fast Cash Loans: What Are They?

Salary loans and personal loans with fast approval—between ten minutes and several days—are fast cash loans. In the Philippines, a range of lenders—from big commercial banks to neighborhood cooperatives—offer rapid loans.

This kind of loan is the best financial support for emergencies because it processes swiftly and gives you access to money right when you need it.

Are Quick Loans Allowed in the Philippines?

Is it legitimate to obtain rapid cash loans? The only way to answer this question is to check with your lender.

Loan sharks, or dubious lenders, typically charge exorbitant interest rates. You could run out of money if you deal with this kind of lender because you would have to pay a lot of interest on top of your principal.

However, if the bank or lending/financing organization you are dealing with is well-known, you may be sure that their goods are authentic.

How Do Applications for Quick Cash Loans Operate?

To guarantee that the borrower receives the fast cash loan as soon as possible, the lender could use a simplified process similar to this one:

In the Philippines, the borrower completes an application for a fast cash loan by visiting the lender’s office, website, or fast cash loan app.
The loan requirements are submitted by the borrower. If you’re applying online, you need to upload a scanned or photocopy of each necessary document.
If your application is accepted, you might get the loan amount immediately. If not, the loan distribution process will take one to three days to complete. If you’re borrowing a big sum of money, be prepared for a longer wait time because pricey loans require more thorough confirmation.
The lender’s office will give you the cash, or you can receive it directly into your designated bank account.

Be aware that different organizations may have different procedures for lending quick cash. It is advised that you inquire with a possible lender.

The conditions of the contract or the type of loan will determine how much needs to be paid back. For example, if you asked for a fast cash loan with monthly payments, you would pay each month on a certain day until the loan is paid off in full. You are expected to repay the money you borrowed on your next payday if you apply for a wage loan.

How to Be Eligible in the Philippines for Quick Cash Loans

The standards for major banks and lending institutions are often simple to expedite the approval and release of funds.

👉 Quick Cash Loan Conditions

The following are the typical paperwork needed in the Philippines for fast cash loans:

citizen of the Philippines
at least 21 years old and, when the loan matures, no more than 60 years old
Need a reliable source of funding
The following must be able to be presented:
valid identification with a photo from the government
Evidence of income (pay stubs, ITR, etc.)
Employment Certificate (for staff members)
Documents for business registration, including DTI and SEC
Certifications (for entrepreneurs)

Note that your lender will determine the exact amount of requirements; to find out more, get in touch with them.

21 Philippines’ Finest Fast Cash Loans

“Where in the Philippines can I get a quick loan?” Deal only with trustworthy lenders or banks to ensure your safety. You might wish to add the following reputable fast cash companies to your list:

📌 Personal Loan from UnionBank

Maximum loan amount of ₱2: million
Rate of interest: 1.29%
Time of approval: Up to five minutes
Terms of payment: 1 to 5 years
Features: No collateral is required, which makes it perfect for financing major life milestones and home renovations.

One of the greatest personal loans available is the UnionBank Personal Loan. This quick cash loan has a large loan amount, flexible periods for repayment, and a reasonably priced interest rate.

Want money? Use Moneymax to apply for a UnionBank Personal Loan and receive a welcome bonus of up to ₱10,990 if you apply by September 30, 2024!

Select between a ₱6,590 Marshall Willen or ₱5,000 in Giftaway cash credits if your disbursed amount is less than ₱250,000. Select either ₱10,990 worth of Apple AirPods 3 or ₱10,000 in Giftaway cash credits if the amount is ₱250,000 or above.

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The promotion for the Moneymax UnionBank Personal Loan is valid through September 30, 2024. as per FTEB 196530 Series of 2024 Fair Trade Permit No. issued by DTI. There are terms and conditions.

Amount of loan: ₱10,000–₱500,000
Monthly interest rate: 2%
Time of approval: up to seven business days
Terms of payment: 6, 12, 24, or 36 months
Features: Easy application procedure, minimum documentation needs, and no collateral

Do you need money for a home renovation project or a trip? Apply for a loan at UNO Digital Bank. Even though the approval process might take a little longer, this multipurpose loan is still among the easiest to apply for; all you have to do is download the UNO app and provide a legitimate ID to be considered for the loan.

Additionally, you can easily plan your payments based on the frequency and credit date of your earnings.

📌 RFC Cash Advance

Amount of loan: ₱10,000–₱5 million
Interest rate: Varies according to loan amount and repayment duration
Time of approval: Up to 24 hours
Terms of payment: three to six years
Features: Perfect for financing businesses

The Cash Loans offered by Radiowealth Finance Corporation can be ideal for you if you require quick cash for your company. The purpose of this online fast cash loan in the Philippines is to finance business expenses. But take note that you must provide collateral in the form of an OR/CR or TCT.

📌 Credit Builder from Tonik

Amount of loan: ₱5,000–₱20,000
Rate of interest: 4.84%
Time of approval: Up to two days
Terms of payment: 6, 9, or 12 months
Features: Quick approval, real-time loan distribution, no credit history or collateral required

Want to apply for a quick cash loan online in a matter of minutes and receive the funds right away? Check out Tonik’s Credit Builder, an online personal loan application that’s simple to submit.

To apply, all you need is a working ID and a Tonik bank account. As long as you fulfill all post-approval requirements, you can be authorized for a Tonik Quick Loan in as little as two days and obtain your money right away.

📌 Personal Loan via CIMB

Amount of loan: ₱30,000 to ₱1,000,000
Interest rate: 0.83% to as low as
Time of approval: up to two business days
Terms of payment: 12 to 60 months
Features: no credit card required; no collateral necessary; quick and simple loan application process; perfect for major auto repairs, hospital stays, and new businesses

CIMB provides a quick and easy 10-minute all-digital loan application via the CIMB Bank PH mobile app. In addition, the digital bank offers some of the lowest interest rates and most accommodating loan conditions available.

Furthermore, the approval process just takes two banking days. If you want the loan proceeds deposited into your savings account at CIMB Bank, take advantage of the fast payout. It takes one to two banking days to disburse funds to other banks.

📌 Tala Cash Loan

Maximum loan amount of: ₱25,000
Interest rate: 0.43% to 0.5% per day in service fees
Time of approval: A few minutes
Terms of payment: Up to 61 days
Features: No collateral is required; you may apply for a loan anytime, anywhere, and at any time. It’s perfect for short-term expenses like groceries and tuition.

With Tala Cash Loan, getting cash help while on the go has never been easier. Apply with your Android smartphone for this quick cash loan. In addition, all you need to apply is a working ID and a cellphone number.

This loan is perfect for unforeseen, small-scale financial issues.

📌UnionBank Fast Loan

Loan amounts: differ for each borrower.
Interest rate: To be disclosed in the Disclosure Statement and Promissory Note for Quick Loans
Time of approval: Up to 60 seconds
Features: Easy online application, quick cash flow, perfect for last-minute emergencies

The UnionBank Quick Loan, a wholly digital loan product available only to UnionBank deposit account holders who meet certain requirements, is an additional alternative for instant cash loans.

Use the Quick Loan website[1] that is linked in the notification email or SMS to apply. Input the invite code, your email address and mobile number, and the last five digits of your ATM or payroll account number (12 digits). Additionally, you can apply online at UnionBank.

📌 ACOM Cash Loan Maximum loan sum: ₱500,000

Interest rate: Rejecting 4.988%.
Time of approval: Three to five days
Terms of payment: six to ten months
Qualities: Flexible repayment terms, no collateral required, fast online loan

The ACOM Loan is an additional fast cash loan that is available without a bank account. In the Philippines, you can receive approval for this fast loan in three days.

You can apply online or in person at any ACOM branch, and the process is rather simple. Furthermore, all you have to provide are three documents: a legitimate ID, employment verification, and TIN/SSS verification.

📌 Personal Fast Cash Loans Asteria

Amount of loan: ₱2,000–₱20,000
Daily interest rate: 0.9%
Time of approval: 24 hours
Terms of payment: 30 to 90 days
Features: include no collateral requirements, a fast loan approval process, and a simple online application.

Do you need a fast cash loan for a small-cost expense? Asteria Lending Inc. allows you to borrow as little as ₱2,000. With a length of 30 to 90 days, it is likewise a rather short loan.

You must have a personal bank account and a valid ID to apply through the company’s website.

📌 Atome Cash

Maximum loan amount of: ₱50,000
Rate of interest: 1.75%
Approval period: Maximum of 24 hours
Terms of payment: 12 months
Features: Quick loan approval, easy application using your phone, no need to visit the bank

Check out Atome Cash if you’re searching for rapid cash loans. They provide reasonable interest rates, a simple online application process, and speedy loan approval in the Philippines. All of the documentation can be submitted using the Atome App, so you don’t even need to go to the bank.

But take note that you need to have a bank account, be at least eighteen years old, and be a registered Atome user with completed in-app purchases.

📌 Blend Personal Loan for PH

Amount of loan: ₱50,000–₱2 million
Interest rates per month: 1.5%, 2%, or 3%
Approval period: 48 hours maximum
Terms of payment: 12 to 36 months
Features: No collateral required; perfect for large purchases like a car, school, house renovation, and travel

Do you need a personal loan that can be approved quickly through an online application process? The peer-to-peer lending platform Blend PH is a good fit. Additionally, it’s perfect if you want large loan amounts and flexible repayment schedules.

📌 Fast Cash Loans from Cashalo

Amount of loan: ₱1,000–₱7,000
Interest rate: 3.95% to start
Time of approval: Up to one working day
Terms of payment: Up to 90 days
Features: Quick approval and disbursement, simple application process

The Cashalo Cash Loan is a viable option for small-scale emergency needs. Conveniently receive the loan funds in your e-wallet or bank account, and make payments for a maximum of ninety days.

You can swiftly repay and obtain another loan the next time you need one because the available loan amounts are smaller.

📌 Digido

Borrowing limit: ₱1,000 to ₱25,000
Interest rates: 0% for first-time borrowers and up to 1.5% per day for those who borrow again
Time of approval: A few minutes
Terms of payment: Up to 180 days
Features: Simple eligibility conditions, quick loan payout, hassle-free online application, and no interest for first-time borrowers

In the Philippines, Digido also provides fast cash loans that can be sent into your account in a matter of minutes. First-time borrowers are eligible for 0% interest loans up to ₱10,000 as long as they repay the money within seven days. If you need to borrow money again after paying off your initial loan without any problems, you can benefit from a larger loan amount of up to ₱25,000.

After opening a Digido account and filling out the online application, you can receive your money in a matter of minutes because the service is completely automated.

📌 Finbro

Maximum loan amount of ₱50,000
Interest for the first loan is 0%.
Time of approval: A few minutes
Terms of payment: Up to 12 months
Features: Easy and quick application and approval process; few requirements; no need for collateral

Finbro is another option to consider if you need rapid cash for unforeseen needs. Using your computer or mobile device, you can upload your loan application, a legitimate ID, and a selfie.

Within minutes, verification and approval are completed, allowing you to receive your funds in your bank account the same day.

📌 GLoan

Maximum loan amount of ₱125,000
Rate of interest: 1.59% to 6.57%
Pre-approval period: For eligible GCash users
Terms of payment: Up to 24 months
Features: Easy payment alternatives, quick distribution to your GCash wallet, and no documentation requirements

You’ve undoubtedly noticed the GLoan function on the dashboard if you use GCash regularly. Prequalified GCash users who satisfy the GScore requirement can apply for this GCash rapid loan.

If you borrow ₱125,000, you can pay it back over a maximum of 24 months. In a matter of minutes, the loan proceeds will be directly transferred to your GCash wallet.

📌 JuanHand Fast Cash Loans

Amount of loan: ₱2,000–₱15,000.
Rate of interest: 12%
Time of approval: Up to five minutes
Terms of payment: up to three months
Features: Fast client service and no collateral

Additionally, JuanHand provides quick loans in the Philippines. To apply, get one legitimate ID ready, download the JuanHand app, fill out the form, select the loan amount, and then wait for approval.

Don’t worry if your application is turned down; you can reapply in a few days.

📌 Maya Individual Loan

Amount of loan: ₱15,000–₱250,000
Rate of interest: 0.77%
For a limited number of enhanced Maya users, approval and disbursement occur instantly. Payment terms: Up to 24 months
Qualities: Available to Maya users who meet certain requirements, quick loan approval and disbursement, and no documentation required

The Maya Personal Loan is accessible to qualifying Maya users, much like the GLoan is to GCash users. Use your Maya wallet frequently for transactions to unlock this lending option if you have an enhanced Maya account.

Loan approval and activation are simple, fast processes once they become available. The loan proceeds should be in your Maya wallet within a few minutes.

📌 M Lhuillier Rapid Cash Advance

Loan amount: Based on collateral appraisal; interest rate: 3%
Time of approval: A few minutes
Terms of payment: three months
Features: a large selection of collateral materials, a simple process, a reputable business, and prompt customer service

Bring any devices, jewelry made of gold or diamonds, watches, or appliances from your home to an M Lhuillier branch to apply for a Fast Cash Loan.

Regarding the prerequisites for the M Lhuillier Quick Cash Loan, all you have to do is bring your property in for evaluation and provide a legitimate ID to receive your cash and pawn ticket.

📌 Philippine Online Fast Cash Loans

Loan amount: ₱7,000 for first-time applicants and ₱30,000 for applicants with a history of good credit.
Rate of interest: Depending on the lender’s approval
Time of approval: A matter of minutes
Terms of payment: Up to 30 days
Features: Quick approval and disbursement, simple conditions, no hidden fees, and no collateral

Look for a lender that offers speedy approval and a simple application process when looking for quick cash loans. That’s exactly what Online Loans Pilipinas provides; you may obtain a fast cash loan without having to go through the drawn-out approval and payout processes.

Simply fill out the online application, send it in, and wait for approval. Maintain a clean account history to get a bigger loan amount.

📌 Sloan

Maximum loan amount: ₱100,000 (based on credit evaluation)
Rate of interest: 1% to 5%
Time of approval: 24 hours
Terms of payment: 3 to 12 months
Features include fast online: activation, loan disbursement in a matter of minutes, and availability to pre-qualified Shopee members.

It may surprise you to learn that the Shopee app offers fast cash loans as well. Logging into your Shopee account will reveal the Sloan option if you are a qualified user.

However, before you can apply for a quick cash loan, you must activate Sloan. Typically, it takes a day for approval and activation. You must also activate your ShopeePay wallet to withdraw the money from your Sloan.

📌 Personal Fast Cash Loans Vidalia

Maximum loan amount: ₱100,000
Rate of interest: 6%
Time of approval: two to five days
Terms of payment: 3 to 12 months
Features: Few criteria, quick processing and disbursement, simple online application

Feeling short on cash and you have a few days before payday? Vidalia Personal Loans can be of assistance. Additionally, you can avoid the laborious paperwork because applications are submitted online.

You will have to go through a credit review after filling out the brief online application form and uploading your supporting documentation. Following approval, Vidalia will then deposit your funds into your bank account.

Notes Before Filing an Application for a Quick Fast Cash Loan in the Philippines

Keep in mind the following advice if you want your application for a fast cash loan in the Philippines to be accepted:

✔️ Examine Your Choices

Rapid cash loans are not made equally. Because each is designed for a certain use, carefully consider your selections. In this manner, the loan you receive will fit your spending limit and way of life.

Use Moneymax’s loan comparison tool if you have trouble listing and comparing various offers. When you determine which choice is best for you, you can use our handy tool to apply online for a personal loan.

✔️ Take Out Only What You Can Pay Back

Some borrowers find it difficult to pay back their quick cash loans. It’s because they failed to compute the required amount precisely and make arrangements for timely payment.

Try not to borrow more than you can afford to pay back to save money on interest. To have a clear understanding of the expenses you will bear, use the loan calculator provided by your lender.

✔️ Verify the Loan’s Associated Fees

In addition to the fast cash interest rate, there could be additional costs that apply at the beginning or throughout the loan term. For example, certain banks will charge you for documentary stamp taxes and processing costs. Usually, the loan funds are used to pay for these.

In the unlikely event that you fall behind on your loan payments, you should also be aware of disbursement fees, late fees, returned check fees, and even legal and court costs.

✔️ Verify Your Credit Rating

To ascertain if you can responsibly manage the borrowed funds, certain banks and lenders could examine your credit score. Recall that this score alone may be used to determine the interest rate and terms of repayment.

You can benefit from reduced interest rates and flexible payment periods if your credit score is high. Poor credit ratings could result in your application being denied. If your application is accepted despite the result, you should anticipate paying a higher interest rate.

✔️Steer clear of new Fast Cash Loans

Try not to take out another loan until you have paid off your current one in full. It will ensure that you won’t become overwhelmed by several loan installments and help you better manage your cash.

Maintain Accurate Payment Records

If you are given a fast cash loan, make sure you pay your bills on schedule. Not only can you avoid paying expensive late fees, but you also maintain a positive record with the bank or lender. You can benefit from automatic approval if you need to take out another loan, which will be very helpful.

Last Words

Particularly if all of your other financial options have been explored, fast cash loans might come to the rescue. However, don’t just accept the first lender that offers you a deal. Selecting the best fast cash loan available in the Philippines can result in significant financial savings over time.

💸 View Additional Loan Choices Right Now

Please read through our articles to find out more about simple loans in the Philippines and some money-saving tips. Other acceptable personal loan choices that you can apply for are listed below as well: