Alternatives to a Payday Loan in the Philippines

0% interest rate

Digido Philippines - 0% interest rate for the 1st time loan up to PHP 25.000, if borrower pay back in due time. Apply loan online with Digido and solve your urgent financial issue right now. If you need cash loan in a 15 minutes, Digido is the right solution.

4.5 / 5
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up to 5,0

CashXpress Philippines (CXPH) - apply loan online and get you money on bank account in 10 - 15 minutes.

4.7 / 5
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depends the loan service you choose

Loanonline Philippines doesn´t provide loans. Service only recommends the best options for it to Filipinos.

4.1 / 5
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0% for the 1st loan

Finbro Philippines is a reliable micro finance company that can solve urgent financial issues in 15 minutes for people all over the country. Apply for the 1st loan up to PHP 15.000

4.6 / 5
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from 0,01% per day

OLP or Online Loan Pilipinas - apply your online loan 24/7. Your loan can be for any purpose, just read terms before, and, if everything ok, get your money with the help of microloan company.

4.8 / 5
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0,01% - 11,9% per month

Moneycat Philippines is the online lender which provides fast salary loans for Filipinos. First loan with the 0,01% interest rate. For repeated loan is up to 11,90% per month. You can apply a loan online where never you are.

4.3 / 5
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0,16% per day

Kviku is the international lender that support online loans in the Philippines. The number of service customers constantly growing. Kviku provides installment loans for Filipinos. Want to know mode details? Follow the article and find out more about this finance service: how to register, what are the terms, reviews, requirements, etc.

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Alternatives to a Payday Loan in the Philippines is a very hot topic today, even though still many Filipinos use widely fast payday loans online and consider them the most convenient and affordable.

Let’s take into account the statistics presented by the American service concerning their citizens. The discovered numbers can shock everyone! Something about 12 million Americans consider payday loans a great solution and apply from time to time to cover expenses for something they need every year. By the way, this figure is continuously growing.

Alternatives to a Payday Loan in the Philippines

Payday Loan in the Philippines is very popular as well. Such kind of lending is an efficient variant to cope with pressing needs. Still, sometimes borrowers feel concerned about the loan measures. The reason for it is that, unfortunately, not every applicant uses the loan reasonably. The regulation of the lending process is not usually clear and this can provoke some kind of hesitation and misunderstanding. 

  • People continue to read some scary stories about lending traps and related different issues. Noone likes debts, that is why it is essential to be responsible for what you do. These various tales become even more head-spinning when it comes to a small payback period and a very high charge. 
  • Many borrowers for some reason can not control their desire to get more and understand their capabilities properly, and very often find themselves in a trap of everlasting repayment process with hidden fees that can affect their credit history. Still, there are many alternatives to payday loans for bad credit that will help you to address all your financial problems with a positive effect. 

Payday Loans in the Philippines and the Way They Work

Payday Loans in the Philippines and the Way They Work
Payday Loans in the Philippines and the Way They Work

When it’s a bit confusing to grasp the idea of payday loans, the clarification below is something you need.
Payday Loans are traditionally perceived as fast loans used when emergency cases occur and charged back in a specified time-framed period. It includes, of course, extra expenses every borrower is obliged to pay off by the next day of payment, and it is known as an interest rate. When the payday loan user fails to repay the money, he or she will roll over the charges and rate until they grow into an enormous sum of money that makes you feel very uncomfortable. 

You can find today the most popular and reliable 24 hour payday loan philippines services online and choose the best financial solution right now. 

Nevertheless, if the borrower is reasonable and responsible, this cash is really helpful in many cases. Everything usually depends on us and our attitude. These loans are very quick and with normal rates, they are convenient and easy-going in terms of an applying process. You just submit the information about your pay-stubs and active personal account. 

When for some grounds people start to think that they are not able to deal with this type of lending, they start to analyze various alternatives to payday loans and cash advances and hope it will work better. For all that, everything depends on the borrower and his responsibility level, including, of course, personal capabilities. As an aside, robocash payday loans philippines is one of the most popular today. 

Best Payday Loans Philippines

Best Payday Loans Philippines
Online Loans PilipinasMoneycat PH

Payday Loans Advantages and Plus Points

Why do people like payday loans and apply regularly in the Philippines? The reasons for applying online is such a popular way like payday loans are very different. The majority of people simply do not have any other choice. Regarding the way these loans work for common people, they could become the single version for those who earn too little, have extremely swinging income or appeared in some unexpected situation that requires urgent support. However, the ease these loans bring people is just short-term but still, they work and help when it’s strongly needed. 

Many people continue to discover alternatives to payday loans Philippines but their attitudes do not change and, unfortunately, that can not make them be more obedient, responsible and able to pay back timely. Sometimes borrowers take credit just after paying back the last loan. That is not the tactic that should be, as it is important to strive for more in terms of work and earnings, to boost our incomes and have a better life, and by no means make lending money your regular habit. 

Why We Should Stay Away from Loan Sharks

Why We Should Stay Away from Loan Sharks

The idea of the following passage is not to make people think that payday loans are horrible and dangerous. Not in any way. Although, it is essential to know all the nuances and even negative moments before you apply for a loan. Those who have already had any experience in lending money know that loan shark companies present usually very attractive variants, they are able to draw into financial challenges for the long term.

That’s why usually learn everything about the company you are going to apply to to understand better if you can trust it. Check if those payday loans offer heavy interest rates. And it is necessary to pay off the whole sum of money before the repayment term.

  • What will be if you do not possess the whole sum to cover duly?
  • It’s a very sad story, isn’t it?

Well, keeping in mind to be attentive is essential: check everything, calculate before applying twice or even more and only such an approach will make the loan a relief. 

The Alternatives to Payday Loans: Real Options or Not

Alternatives to Payday Loans Philippines

Finding yourself in a debt trap is not the end of the chapter. Challenging situations make us more creative and it helps to find that desirable way out. So, what are the best alternatives to payday loans today we can trust? A lot depends on ourselves and priorities. 

We all know how it is painful to part ways with some personal things, for example, gadgets, when you need to pay back debt as quickly as possible. Going to relatives and friends nowadays is also not a good idea, as almost everyone has financial troubles or simply some personal plans that, of course, require certain funding. And in general, it’s not so easy personally to ask for money from your family members. Nevertheless, even these options are not so clutchy as being at the mercy of a lender. 

So, affordable alternatives to payday loans do exist and we will continue to learn about them below but the question is if they are more convenient for you and deserve your time and attention.

Look for the Assistance of Credit Counselors

When you have a tremendous debt load you often stop thinking reasonably in terms of budget management in a proper way. If that’s the story about you, and you really feel unable to cope with your income and money control, you can ask for help from a special credit counselor. 

Moreover, there are various community assistance programs and experts in the Philippines who deal with the same matters and are ready to assist.  Their task is to create a well-tailored plan which is the most eligible for your budget and will help in such a way to cover the debt. If you try it, you will understand a lot of effective measures and grasp something new and helpful for your individual case. 

After this kind of advisory service, you will understand the core of the whole financial troubles that made you find yourself in the debt trap. Fixing all these things, you will begin to think and act the other way which will discover a real way out and a better life for you and your family. 

Talk with your Family and Friends to Find the Advice

Are you on good terms with the people around you? How about your relatives, members of the family and friends? Do they care about your troubles? Answer these questions to get further. 

Looking for the assistance of your friends, close people and coworkers can fork for you when it comes to financial challenges and the ways to deal with them. These people are the closest to you and some of them are concerned about your life. There should not be difficulty in asking them for some money. First of all, it is very important to try and explain to them the whole situation that created these tough conditions in your life.  Be honest and immodest to share about your unpleasant things. 

There is one positive moment, and that is you will not have to give them back an interest. Simply talk with them, ask for help and decide when you will be able to repay the amount. 

Acting this way, it’s important to be extremely delicate in order to prevent various unpleasant issues. Primarily design a repayment plan before asking for some money and just follow it diligently without any deviations.  Presenting any scent of untrustworthiness to your repayment way can provoke misunderstanding and bad relationships with your family members and friends. Be careful!

Your Employer Can Deal With Your Case

Have you ever thought about asking for help from your colleagues or even your employer? The way you work together and communicate is important as it determines the probability of support and understanding. Think about it, and try to explain the situation you have right now. If you see the person shares your standpoints and feel sympathy – ask for financial assistance or advice.  

Of course, people are very different today, but some of them are really willing to be useful for someone and help when the going is rough. Often, when it comes to the urgent loans and cases with them, this variant can speed up the whole process of clearing your problem. Still, the proof of the pudding is in the eating. 

Let’s have another look at this issue. You are a very good worker in your company, a key employee, so to speak. Your boss or employer sees that something is wrong with you and your way of work, he or she sees you have a challenging case. This is a chance to talk and clarify the situation, your boss will hear you and will try to provide the assistance you need, as finally, it will help you to vanish your financial problems and concentrate on the essential job matters. 

To this point, some firms or companies provide their employees with loan packages. They are aimed at supplying the financial needs of their workers’ financial load. 

Hunt Out Fast Methods to Make Extra Cash

It is possible to find diverse types of jobs online, search for new opportunities on the Internet to make some extra cash. Freelancing, casual or short-term work is a real variant to get additional money. Try out freelance as it could help to have some money on your account and improve your independence. For this method of earning you will require a laptop, your professional and personal skills and a good Internet. 

Quick cash will come to you and you will, definitely, feel better. This is a true way out in the following situation when you have a financial burden and need some money. 

Sell Something You Have

It is not necessary to stay at the market and sell your things and care about your talent for selling. The Internet encompasses today’s various selling platforms, forums, social network groups and websites where it is possible to sell and buy what you want. 
Without any doubt, it does not give you any pleasure to sell anything old that you adore, but things happen and, one way or another, that is still possible if you need extra cash so badly.

Revise what you have, how often you use it and if you need it at home. Different electronics, gadgets, items of a hobby, or simple stuff someone might need will work for you in this case. 

Communicate with your Creditor

The borrower and creditor should have a mutual benefit in the process of lending. If it does not occur – something is not right. All creditors care about the debt the borrower needs to cover duly. If for certain reasons you fail to meet the target, that is not only your misfortune. The way out is possible to discover. 

Negotiate with your lender to make a more convenient plan of paying back. Talk about the due date and decide if it is possible to extend it. Simply communicate, explain your situation and let them help you. As practice shows, creditors are usually ready to help. 

Think About a Payday Alternative Loan

One more variant to take into account is taking out a payday alternative loan, for example, if you belong to a credit union. 

People can find many different credit unions in the Philippines that provide such an option. Your ability to repay determines the sum of money you can take there. Actually, it’s possible to receive from $200 to $1,000 with APRs of 27%. The due date is very convenient and gives you more time to fulfill your financial plan and fix all issues.

The process of taking the following loans is a bit time-consuming. No matter if you are a member of the credit union or not. Nevertheless, this option is very good to consider. 

What about a Bank or Credit Union

The last but not least alternative for a payday loan is applying to a bank or credit union which is a good idea but also very challenging. Why is it so problematic to get credit in banks:

  • Red tape is everywhere;
  • Too long process;
  • Creditworthiness is essential;
  • Interest rates are very high;
  • Fees and extra charges are large as well;
  • Many other nuances;

When a borrower from their local community needs a small credit, which can be quickly repaid, banks and credit unions can often help.

On the other hand, when it comes to a nonprofit person, they are not so willing to provide financial assistance. Only a few Community Institutions are ready to help people like this. As their purpose is to get borrowers out of the pit of financial problems. 

Helpful Payment Apps at Your Service

Currently, you can search for different pay advance Apps on the net that are helpful and can design your own smooth plan of repayment. For example, you can apply for an advance loan of let’s imagine $300 without interest at all or with the reduced one. 

These apps are specially elaborated to make the process of lending and paying back easy: you can use it also to pay a certain sum of money every month and use the tips it offers to feel more convenient. 

One-Time Payment Solution for Multiple Loans

Does it occur in your head that you can merge all your payments or come at a reduced rate? Some borrowers can deal with several loans at the same time and have extremely large interests as well, and, to tell the truth, it’s a huge concern.  

High rate on the debt is something that everyone is afraid of. It’s not a trifle, as it can influence a person’s life greatly. Here is a way out if to consider the variant with a combined debt. Use one loan to provide the payment of many others. When you cope with many other loans quickly, it will give you a small relief to go ahead and simply pay off once per month this one active credit with a convenient rate. The idea is not fantastic and reasonable, but sometimes it is worth noticing. 

Alternatives to a Payday Loan in the Philippines: Conclusion

We are all people and are prone to jump to hasty conclusions concerning our issues. Tight financial troubles need precise attention and the right decisions to make life easier. We have analyzed and even discovered many good options or alternatives to payday loans the Philippines which are really possible but some of them are still tricky. 

Take a look at them one more time and think if they are eligible for your situation or not. Use the best alternative for yourself only if you are confident. But for all that, payday loans online works very well today. They are convenient, quick and offer affordable rates to the borrowers. Look here to see what they offer in the Philippines.

User Review 5 (2 votes)
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Linda Carters/ author of the article

Financial Journalist on Advance Loans Philippines with 8 years experience in a Fintech niche.


  1. Lara Bimba February 19, 2020
  2. Nelson March 11, 2022

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