Which bank is best for personal loan Philippines?

    April 17, 2021 | By | Reply More
    Which bank is best for personal loan Philippines

    Which bank is the best for personal loan in Philippines? What would you choose bank or lending company loan? This article includes selected places and locations for those seekers who need a specified sum of money. There are a certain group of people who got used to bank loans and have never tried quick online loans from lending companies as Robocash, Juanhand, MoneyCat, or, for example, Kviku. We have feathered several of the lowest interest personal loans in the country of the Philippines in order to become a helpful surrounding for people who need this information. 

    Let’s see and analyze the data below to discover which bank is the best for personal loan in Philippines:

    • Citibank Personal loan for your needs;
    • SSS Salary Loan to apply;
    • Pag-IBIG Loan for any purposes you have;
    • Security Bank Personal Loan with special terms;
    • EastWest Personal Loan;
    • BPI Personal Credit;
    • HSBC Personal Loan.

    A great number of personal loans offered by the Philippines banks have high interest rates but, still, there are those who offer rather attractive rates. The regular interest rates per month are something about 1,5-2,2% today. Look for some lower offers dealing with more particular kinds of personal loans as for instance OFW loans as well as personal loans for business development or broadening. Everything starts from your needs and requirements, you can ask for a loan from these Philippines banks who have, indeed, nice rates.

    BANKINTEREST RATE PER MONTH
    BPI Personal Loan1.5% or more
    Citi Personal Loan1,3%
    HSBC Personal Loan1,22%
    EastWest Bank Personal Loan1,89% if not less

    Do you know which bank is the best for personal loan in Philippines?

    Our preferences and individual qualification influence the choice of the bank we apply for. Unfortunately, not all banks provide customers with convenient terms and low rates. After all, some banks offer a long period for using the loan but rates should be improved. 

    Currently, more and more popular become simple lending companies that allow you to apply from any place online within the whole Philippines and get your money in 5 minutes. You can try it and apply right now. This lending approach does not require a lot of paperwork BUT it’s important to have a valid ID of any eligible type. 

    By the way, if you apply for the first time with Robocash, for instance, your interest rate will be 0% for the next times it will become higher but with the option for the larger sum for lending (up to PHP 25 000).

    Well, depending on your needs you will deals like these from various providers of credit.

    The minimum of documentsRobocash or Tala
    Low-interest rateHSBC loan (1.3% per month)
    Very fast ApprovalCashwagon, JuanHand, Robocash (4 min.)
    The Longest Tenure Citibank (about 5 years or more)
    Maximal Loan AmmountCitibank (Up to PHP 2,000,000)

    How Much Money Can You Lend?

    Again a lot depends on your needs, purposes, capabilities, and the bank or company you are going to apply for. The biggest sum you can borrow in the Philippines is PHP 2,000, 000. It comes to a personal loan taken in a bank where you will have to undergo a long evaluation process before approval if it will happen. The bank manager checks your credit history and capability to pay it back in accordance with your income and many other things. You can learn here how to make your credit history better.

    Meantime, separate lending services online offer an average of PHP 10 000 – PHP 200 000. The lenders like these in comparison with banks do not provide commonly a maximum amount of credit. The income of the borrower is very important for both, especially for the bank loan options.  

    To give you better imagination concerning the maximum sum of money you can borrow in the bank and not only, look further. It will help you to know which bank is the best for personal loan in Philippines.

    Loan ProviderMaximal Amount of loan
    EastWest Bank Personal LoanPHP 2,000,000
     Citi Personal LoanPHP 2,000,000
    Security Bank Personal LoanPHP 2,000,000
    Robocash Personal LoanPHP 25,000
    RFC Personal LoanPHP 50,000
    South Asialink OFW LoanPHP 250,000

    More Great Options For Loan Consideration

    1
    4.8 / 5
    TOTAL SCORE
    Loan up to PHP 15.000
    2
    4.3 / 5
    TOTAL SCORE
    Loan up to PHP 12.000
    3
    4.8 / 5
    TOTAL SCORE
    Loan up to PHP 25.000
    4
    4.3 / 5
    TOTAL SCORE
    Loan up to PHP 20.000
    5
    3.8 / 5
    TOTAL SCORE
    Loan up to PHP 25.000
    6
    4.8 / 5
    TOTAL SCORE
    Loan up to PHP 25.000

    Category: Articles

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