Frequently Asked Questions

Explore our comprehensive FAQ section for quick and reliable answers to frequently asked questions about loans. Should you have any concerns or need further clarification, please feel free to reach out to us using the user-friendly contact form available in the "Contacts" section. Our dedicated team is readily available to provide you with the assistance you need. 

What are the eligibility requirements for obtaining a loan?

Eligibility requirements may vary depending on the lender and the loan product. Generally, lenders may consider factors such as age, income, employment status, and credit history when assessing loan applications. 

Can I use the loan obtained for any purpose?

Yes, once you receive the loan funds, you can typically use them for various purposes, such as debt consolidation, home improvements, education expenses, medical bills, or any other personal financial needs. 

How much can I borrow through

We do not provide emergency financial support and are not a lender. But the microfinance institutions, that are presented on our loan comparison website, offer very flexible loan amounts. Lenders typically have minimum and maximum loan limits though. Our lenders offer loan amounts ranging from ₱1000 to ₱25000, allowing borrowers to choose the amount that suits their financial needs. 

Are there any penalties for early loan repayment?

It is important to review the terms and conditions of the loan offered by the lender. Some lenders may impose penalties or fees for early loan repayment, while others may offer flexibility with no penalties. 

Can I apply for multiple loans simultaneously?

Yes, you can submit applications for multiple loan products. However, it is important to consider your financial situation and repayment capabilities before taking on multiple loan obligations. But if you consider taking just one loan, applying for multiple loans simultaneously will raise your chances. 

Can I extend the repayment period of my loan?

Loan extension options may vary among lenders. Some lenders may offer loan extension or renewal options, subject to additional fees or interest charges. It is important to discuss this with your lender directly. 

What happens if I am unable to repay my loan on time?

If you are unable to repay your loan on time, it is crucial to contact your lender immediately. They may offer alternative repayment arrangements or provide guidance on how to manage your loan obligations. 

How flexible is the repayment period for online cash loans?

The repayment duration for online cash loans can vary, typically spanning from 62 days to 12 months. This flexibility enables borrowers to choose a repayment term that aligns with their budget and overall financial circumstances. 

Can I obtain an online cash loan with a 0% interest rate?

Absolutely! Many lenders offer the initial online loan with a 0% interest rate, making it an appealing option for borrowers seeking a cost-effective borrowing solution. This feature provides an opportunity to save on interest charges and manage your finances more efficiently. 

Do cash loans online provide clear information about costs and fees?

Absolutely, trustworthy providers of cash loans online prioritize transparency and ensure that all costs and fees associated with the loan are clearly communicated upfront. It is essential for borrowers to carefully review and comprehend these details before accepting any loan offer to make informed financial decisions.