FAQ

An online loan is a type of loan that can be applied for and processed through an online platform, without having to visit a physical branch.

The requirements vary from lender to lender, but generally include a government-issued ID, proof of income, and bank account information.

Reputable online lenders in the Philippines typically use encryption and other security measures to protect their borrowers' personal and financial information.

Loans24.ph allow borrowers to compare different loan products and lenders based on factors such as interest rates, repayment terms, etc.

Interest rates, repayment terms, fees, eligibility criteria, and the reputation of the lender are important factors to consider.

It may be possible, but interest rates and fees may be higher for borrowers with bad credit.

Yes, most online lenders in the Philippines require borrowers to have a bank account for loan disbursement and repayments.

Not necessarily. Online loans can offer competitive interest rates and fees, but it is important to compare different products and lenders to find the best option for you.

The time frame for loan approval may vary by lender, but if your bank and the lender's bank are the same, you can receive the funds within one business day.

Once you sign the loan agreement, the funds will be deposited into your bank account.

Repayment options include using a bank card, paying through a service like LBC or Bayad Center, or paying in cash at a bank branch.

Yes, loan repayment can be done in installments.

Your application may have been rejected due to insufficient income, incorrect information provided, age not meeting loan criteria, or other reasons.

If you have questions that have not been answered, please use our contact form to reach out to us."