Manila, the bustling capital of the Philippines, has witnessed a surge in the number of personal lending companies catering to the financial needs of its residents. These companies offer a convenient and flexible way to access cash loans, providing an alternative to traditional banking institutions.
Top 10 Lending Companies in Manila, Philippines
| Rank | Company | Interest Rate | Loan Amount | Loan Term |
| 1 | Atome | 0% to 12% | ₱1,000 to ₱10,000 | 3 to 12 months |
| 2 | Cashwagon | 12% to 36% | ₱5,000 to ₱50,000 | 1 to 12 months |
| 3 | Cashalo | 5% to 20% | ₱2,000 to ₱20,000 | 1 to 12 months |
| 4 | Digido | 9% to 36% | ₱2,000 to ₱100,000 | 1 to 12 months |
| 5 | Home Credit | 12% to 36% | ₱3,000 to ₱50,000 | 3 to 12 months |
| 6 | LendEasy | 9% to 30% | ₱10,000 to ₱200,000 | 6 to 24 months |
| 7 | LoanMe | 10% to 25% | ₱5,000 to ₱100,000 | 3 to 12 months |
| 8 | MoneyCat | 12% to 36% | ₱2,000 to ₱10,000 | 1 to 3 months |
| 9 | PesoSense | 9% to 36% | ₱5,000 to ₱200,000 | 3 to 12 months |
| 10 | Robocash | 10% to 36% | ₱3,000 to ₱50,000 | 7 to 30 days |
Advantages of Lending Companies in Manila
Personal lending companies offer several advantages over traditional banks, including:
- Convenience: Quick and easy online application process, with no physical branch visits required.
- Flexibility: Flexible loan terms and repayment options to suit individual needs.
- Accessibility: Available to individuals with limited credit history or credit scores.
- Speed: Fast approval and disbursement of funds, typically within 24 hours.
- Transparency: Clear and straightforward loan terms, with no hidden fees or charges.
Eligibility Criteria for Lending Companies in Manila
To be eligible for a personal loan from a lending company in Manila, individuals must typically meet the following criteria:
- Filipino citizen or resident
- At least 21 years of age
- Employed or self-employed
- Minimum monthly income (varies depending on the lender)
- Valid government-issued ID
- Proof of income (e.g., payslips, bank statements)
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