6 Best Quick Cash Loan Providers in the Philippines

Imagine it’s the middle of the month and suddenly, you’re faced with an emergency – maybe your car needed repairs, your fridge broke down, or your favorite airline had a pisosale that you can’t pass up on. 

Payday is a week away, and you don’t have enough money to cover the unexpected expenses. What do you do?

In situations like these, quick cash loans apps can save the day.

In this guide, we give you the best quick loan cash providers in the Philippines to help you get out of a financial bind. 

These providers offer fast and easy loan solutions that can get you the cash you need in no time.

What are Quick Cash Loans?

Quick cash loans are short-term loans designed to help individuals who are in need of immediate funds. 

These loans are typically processed quickly, allowing borrowers to receive cash within a short period of time, usually 24 hours or less.

Unlike traditional loans, quick cash loans often have less stringent requirements. These loans are very accessible to individuals with less-than-perfect credit scores or those who do not have collateral to offer.

Borrowers can use quick cash loans for a wide range of purposes, from covering unexpected expenses, to travel, and many more.

Factors to Consider When Choosing a Loan Provider

Take a look at the following factors to consider when choosing a quick cash loan provider in the Philippines.

1. Interest Rates

The interest rate directly impacts the total cost of your loan. 

This is why it’s essential to compare different rates offered by providers and choose one that aligns with your budget. 

Picking the most competitive interest rate can help you save money in the long run.

2. Loan Terms and Duration

Think about the ease of repayment when considering loan terms and duration. 

Choose a provider that offers flexible terms and allows you to repay the loan at a pace that suits your financial situation.

3. Application Process and Approval Time

Some providers offer instant approvals, ensuring you get the funds you need promptly.

4. Customer Reviews and Reputation

You must ensure that you’re dealing with a reputable loan provider. 

Read reviews from past customers to gauge their satisfaction level and any potential issues they may have faced. 

5. Hidden Fees and Charges

Always be vigilant about hidden fees or charges that may be buried in the loan agreement. 

A transparent provider will clearly outline all costs associated with the loan. If you skip this, you may end up with a bigger financial burden than you can handle.

Top Quick Cash Loan Providers in the Philippines

Here are the top quick cash loan providers in the Philippines you can check out.

Tonik Quick Loan

Maximum amount: Php250,000 

Interest rate: 4.26% per month

Loan term: 6, 9, 12, and 18 months

This online loan not only ensures swift approval, but also provides real-time disbursement to your Tonik account. This convenience is incredible for borrowers in urgent need of funds.

What sets this loan apart is its reasonable and competitive interest rate, making it an attractive option for those looking to borrow.

Union Bank Quick Loan

Maximum amount: up to Php1 million

Interest rate: depends on your risk and loan amount

Loan term: 1, 2, 3, 6, and 12 months

If you’re a UnionBank account holder in need of quick cash, look no further than the Union Bank Quick Loan.

Pre-qualified customers will receive an SMS and/or email notification containing an invite code, which serves as your key to accessing the loan application portal. 

To start the loan application process, log in via the Quick Loans website. Then, input the required login credentials, including your unique invite code, the last 5 digits of your ATM payroll or 12-digit payroll account number, your email address, and your mobile number.

Once approved, you can expect the funds to be deposited directly into your account in as little as 60 seconds.


Maximum amount: P250,000

Interest rate: Starts at 1.5% to 7% (on the website, interest rates start at 2.9%)

Loan term: 6, 9, or 12 months

When it comes to making important purchases from trusted merchants like Tecno, Emcor, Rasmoto, or Cyberzone, Skyro can be your financing partner.

Skyro streamlines the loan application process to ensure that obtaining the funds for your desired purchase is both straightforward and accessible. It also has a remarkable approval probability of 80%.

To apply, visit any of the partner merchant locations where you plan to make your purchase. There, you can meet a Skyro agent who will guide you through the digital application process. This personalized assistance ensures that you have the support you need.

Keep in mind that Skyro requires a minimum down payment starting at 20% of the purchase price.


Maximum amount: up to P125,000

Interest rate: 1.59% to 6.57% per month

Loan term: up to 24 months

GLoan is the go-to solution for pre-qualified GCash users in need of financial assistance. With an impressive loan limit of up to P125,000, this loan offers convenience at its core. It requires no additional documentation or prerequisites other than a high GScore.

Approval takes just one minute. Additionally, GLoan provides flexibility with loan tenures extending up to 24 months, enabling borrowers to manage repayments comfortably. This loan also has no hidden fees. 


Maximum amount: Php25,000

Interest rate: starts at 0.5% per day

Loan term: 1 to 61 days

Tala Loan is for all Filipinos, regardless of their credit history. It offers a hassle-free application process with instant decisions. 

Whether it’s a medical emergency or unexpected expenses, Tala has you covered. The app also offers various payment channels nationwide, making it convenient for you to settle your debt.

Vidalia Lite Loan

Maximum amount: Php15,000

Interest rate: 0.5% per day, 185% maximum APR

Loan term: 2 to 12 months

Designed to cater to your small and immediate financial needs, this loan option offers assistance without the burden of paperwork.

The minimum amount starts at ₱2,000 so it’s enough to cover essential bills without straining your budget. It is also fully digital and paperless so you can complete the entire transaction from the comfort of your home or wherever you have internet access.

Vidalia Lite Loan’s processing fee is kept at a reasonable 5% of the loan amount. Expect the funds to be available within 24 hours of your loan approval.

Online vs. Traditional Loan Providers

Understanding the advantages and disadvantages of both online and traditional loan providers can help you make an informed choice when choosing a quick cash loan provider.

Advantages of Online Loan Providers:

  • Fast Processing
  • Convenience
  • Minimal Documentation
  • Flexible Terms
  • Accessibility
  • Easily available customer reviews
  • Transparency

Advantages of Traditional (Brick-and-Mortar) Loan Providers:

  • In-Person Assistance and Face-to-Face Communication
  • Established Reputation
  • Physical Presence
  • Comprehensive Guidance
  • Diverse loan options

Tips for Safe Online Borrowing

Make sure to look for these when applying for a quick cash loan online to ensure a safe and secure borrowing experience.

Customer Testimonials and Reviews

Take time to research and read customer testimonials and reviews of the loan provider you are considering. 

Look for patterns in the reviews, check the lender’s social media pages, and read comments from previous borrowers.

Real experiences from borrowers

Seek insights and experiences from individuals who have borrowed online. 

Ask them about their experience with the loan provider they used, including their level of satisfaction with the loan process, customer service, and repayment terms.

Positive and negative feedback

Consider both positive and negative feedback when making your decision. This will give you a more well-rounded understanding of the loan provider and the borrowing process.

Recommendations and advice from previous borrowers

If you have friends or family members who have borrowed from online loan providers, ask them for recommendations and advice. 

They may be able to point you in the direction of a reputable lender and give you helpful tips for navigating the borrowing process.

Benefits of Quick Cash Loans

Quick cash loans offer several notable benefits, such as:

Immediate Financial Relief

With these loans, you can access funds quickly and easily, allowing you to cover your expenses without delay.

Short Processing and Approval Times

The application process for quick cash loans is typically simple and fast. 

You can complete the entire process from the comfort of your own home and receive approval in minutes to one day. 

Furthermore, there is no need for extensive paperwork or physical documentation.

Minimal Documentation Required

Paperwork is often minimal for quick cash loans. This makes the application process much easier and less time-consuming compared to traditional loans.

Flexible Repayment Options

With repayment terms of up to 24 months, borrowers can choose a repayment plan that suits their financial situation, whether it’s paying off the loan in a shorter period or spreading it out over a longer period.

Potential Risks and How to Avoid Them

While quick cash loans are convenient, borrowers should be aware of the potential risks that they pose.

High interest rates and fees

One of the most significant risks associated with quick cash loans is the high interest rates and fees that some lenders charge. 

These fees can quickly add up, leaving borrowers with massive debts that are difficult to pay off.

Scams and fraudulent providers

You’ll be surprised how many fraudulent loan providers prey on unsuspecting borrowers. 

To avoid falling victim to online loan scams, research the loan provider thoroughly and verify their credentials before applying for a loan.

Getting trapped in a debt cycle

Borrowers with bad money habits may find themselves struggling to repay their loans and end up taking out additional loans to cover the original debt. 

This can lead to a vicious cycle that is difficult to break.

Alternative Financial Solutions

If quick cash loans don’t meet your needs, consider these alternative financial solutions.

1. Personal Loans from Banks

Banks typically offer lower interest rates and longer repayment terms compared to quick cash loan providers. 

However, the application process can be more complicated and they may require more extensive documentation, as well as a good credit score.

2. Credit Card Cash Advances

If you have a credit card, you can explore this option. Unfortunately, the interest rates are typically higher than personal loans from banks. It may also come with additional fees.

3. Pawnshops

Pawnshops offer a unique alternative for individuals in need of quick cash. 

By using personal items such as jewelry, electronics, or valuable collectibles as collateral, borrowers can receive immediate cash without the need for extensive documentation or credit checks.

However, keep in mind that pawnshops also carry risks, such as the potential loss of valuable items if the borrower is unable to repay the loan. 

Additionally, many pawnshops lowball the value of the collateral. This leaves borrowers with less cash than they may have expected.

4. Cooperative Loans

These loans are typically offered by credit unions. It usually boasts lower interest rates and more flexible repayment terms than traditional lenders. 

However, cooperative loans usually require membership in the credit union, and applicants may need to meet eligibility criteria, such as living in a specific geographic area or working for a certain employer.

Author Bio:

MJ de Castro is the lead personal finance columnist at Grit PH. MJ started her career as a writer for her local government’s City Information Office. Later on, she became a news anchor on PTV Davao del Norte. Now, she juggles writing professionally, her business centering on women’s menstrual health, and surfing.

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