Pautang Peso loans are short-term, small-amount borrowing options designed to help individuals bridge temporary cash flow gaps. These loans typically feature simplified application processes and faster approval times compared to traditional bank loans.
Eligibility Criteria for Pautang Peso Philippines
To qualify for a Pautang Peso loan, you must meet the following eligibility criteria:
Employment History: You should have at least one year of continuous employment with the same employer.
Income Requirements: Your monthly income should be at least PHP 5,000 for salaried employees or PHP 10,000 for self-employed individuals.
Employment Status: You must be a regular employee, self-employed, or a member of a cooperative or association recognized by the DOLE.
Age Requirements: You should be between 18 and 60 years old upon application.
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