Loans for 18-year-olds in the Philippines can provide financial assistance and support. By understanding eligibility requirements, loan types, and the application process, young individuals can navigate the lending landscape and secure the financing they need to achieve their goals.
Eligibility Requirements
To be eligible for a loan in the Philippines, individuals must meet certain requirements. For 18-year-olds, these typically include:
- Being a Filipino citizen
- Having a stable income
- Proof of identity (e.g., passport, driver’s license)
- Proof of income (e.g., payslips, bank statements)
Loan Types
Several loan types are available for 18-year-olds, including:
- Personal loans: Unsecured loans used for a variety of purposes, such as debt consolidation or emergency expenses.
- Student loans: Loans specifically designed to cover educational expenses, such as tuition, fees, and living costs.
- Business loans: Loans used to start or expand a business.
- Credit card loans: Loans obtained through credit cards, which allow borrowers to make purchases and pay them off over time.
Top 10 loan lenders in the Philippines for 18-year-olds 2025:
| Lender | Loan Type | Interest Rate | Maximum Loan Amount |
| 1. BPI Personal Loan | Personal Loan | 1.2% per month | PHP 1,000,000 |
| 2. Security Bank | Personal Loan | 1.39% per month | PHP 2,000,000 |
| 3. LANDBANK | Student Loan | 6% per annum | Based on tuition |
| 4. Bukas | Student Loan | 1.5% per month | Based on tuition |
| 5. Tala Philippines | Microfinance Loan | 15% per loan | PHP 15,000 |
| 6. CIMB Bank | Personal Loan | 1.12% per month | PHP 1,000,000 |
| 7. Cashalo | Online Loan | 3.95% per month | PHP 50,000 |
| 8. Pag-IBIG Fund | Multi-Purpose Loan | 10.5% per annum | Based on contribution |
| 9. Asteria Lending | Personal Loan | 5% per month | PHP 20,000 |
| 10. EastWest Bank | Personal Loan | 1.49% per month | PHP 2,000,000 |
Make sure you don’t miss it.
TOP 10 RELIABLE ONLINE LOAN IN PHILIPPINES – ONLY NATIONAL ID REQUIRED
Update 01/2025
(Online Loan Application)
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