Empower your dreams with consumer loan tailored for you

Compare and choose one of 5 lenders.

0% for 7 days
0% up to 10 000
max 25 000
21 - 70
1 day
Fast and Easy
0% up to 10 000
max 25 000
20 - 70
15 min.
Advantageous conditions
0% up to 10 000
max 25 000
20 - 70
1 day
0% for your 1st Loan
0% up to 15 000
max 50 000
20 - 70
10 min.
The first loan for free
0% up to 20 000
max 20 000
22 - 75
15 min.

Information about lenders


Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines 1109

Phone number: (02) 8876 84 84

E-mail: support@digido.ph

Max APR: 143%

Term: 62 days - 6 months

Age: 21 up to 70

Cost example: Loan of 20000 ₱ for 6 months, monthly payment 5716 ₱, total amount 34296 ₱, annual percentage rate APR 143%.

Soscredit.ph - SOSCREDIT

Address: Philippines

Phone number: -

E-mail: info@soscredit.ph

Max APR: 180%

Term: 62 days - 1 year

Age: 20 up to 70

Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%.

Credify.ph - "CREDIFY"

Address: Philippines

Phone number: -

E-mail: info@credify.ph

Max APR: 795.7%

Term: 3 months - 1 year

Age: 20 up to 70

Loan of 5000 ₱ for 3 months, monthly payment 4936.67 ₱, total amount 14810 ₱, annual interest rate APR 795%.


Address: Unit 1405, East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City

Phone number: 0 9624 09 24 54

E-mail: info@finbro.ph

Max APR: 180%

Term: 62 days - 1 year

Age: 20 up to 70

Cost example: Loan of 1000 ₱ for 12 months, monthly payment 95.83 ₱, total amount 1150 ₱, annual percentage rate APR 180%.


Address: Unit 1708 Tektite East Tower, Exchange Road, Ortigas Center, Pasig City 1605

Phone number: 0968 874 7401, 0917 100 1747

E-mail: support@moneycat.ph

Max APR: 145%

Term: 3 months - 6 months

Age: 22 up to 75

Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%.

What is a consumer loan? 

A consumer loan is suitable for various purposes, as it offers flexibility in terms of loan amount and repayment period. Borrowers can obtain loans for both small and large purchases, with the option to repay the amount over several months or even up to 1 year. 

Considering that there is no requirement to report the purpose of the funds, you have the opportunity to spend the borrowed money as you wish. 

Consumer loan is commonly used for: 

  • Purchasing furniture or appliances 
  • Home or car repairs 
  • Buying a car or going on a trip 
  • Education expenses 
  • Medical services 
  • Implementing a small business idea 
  • Other similar purposes. 

This type of loan is versatile and can help fulfill any of your material dreams. 

How to choose the most advantageous consumer loan? 

Choosing among multiple options can be a headache for anyone, as it makes decision-making more challenging. The website CreditSMS.com is designed to ease this task by allowing you to compare all available consumer loans in one place. 

When comparing offers, pay attention to: 

  • Loan amount 
  • Repayment period 
  • Age requirements 
  • Interest rate 

These details will help you make the right choice as they are crucial when comparing and selecting credit institutions. 

Opportunities with consumer loans 

Before filling out a loan application, it is necessary to assess and calculate the loan amount needed to transform your planned idea into reality. Don't borrow more than necessary because you will have to repay those funds, but also avoid borrowing too little, as you may need to think about where to find the remaining amount. If the loan is not for the purchase of a specific item but for achieving a goal, it is advisable to add an extra amount for unforeseen expenses. 

When choosing a consumer loan, you have the opportunity to borrow up to ₱25,000. The repayment period can be chosen according to your preference, with a maximum repayment term of 1 year. 

Certainly, the repayment period should be carefully considered. Review your budget and calculate the amount you can allocate for loan repayment each month. Also, consider the possibility of losing your job during that time - how much can you still afford to repay? It may be worth insuring the loan to allow time for financial recovery if necessary. 

Annual Percentage Rate (APR) 

Consumer loans generally have a more favorable interest rate compared to quick loans. That's why, when you need to borrow a larger amount for a longer period, choosing this type of loan is recommended. 

The maximum APR can reach 180%, but in reality, especially if you have a good credit history, the APR will be lower. Compare offers to find the most advantageous lender! 

The APR represents the costs associated with the loan over the entire duration, assuming the loan is repaid on time. The lower the interest rate, the less you will overpay. 

Imagine you choose to obtain a loan of ₱1,000 for a 3-month term, with an annual percentage rate (APR) of 117%. With monthly payments of ₱824, it's crucial to note that the total amount you'll repay will be ₱2,470. This means that you'll end up paying an additional ₱1,470, encompassing both the principal amount and the interest charges associated with the loan. 

Requirements for consumer loan borrowers 

Loans are available to a wide range of residents in the Philippines. You can apply for a consumer loan if: 

  • You are a citizen of the Philippines. 
  • You are between 20 and 70 years old—age restrictions may vary among credit institutions. 
  • You have a regular monthly income that matches the desired loan amount and allows you to cover the loan repayment. 
  • Your credit obligations do not exceed 30-40% of your total income. 
  • You have a good credit history, with all payments made on time. 

Meeting these criteria ensures that the lender will make a positive decision and provide the desired consumer loan. 

How to quickly apply for a consumer loan? 

The pace of life in our time is very fast, so we all value our time and want the loan application process to be as quick as possible. With CreditSMS.com, this is possible because comparing loans takes little time, and you can get a loan quickly and on favorable terms. 

Here are the steps to follow: 

  1. Compare consumer loan offers. 
  2. Click "Apply." 
  3. Fill out the application on the lender's website. 
  4. Wait for a response from the lender. 
  5. Read the contract terms and sign it. 
  6. Receive the money in your bank account. 

Just six steps, and you can fulfill your dream! 

Please note that loan applications are usually processed within 15 minutes. However, if you want to borrow the maximum amount, it may take more time. After loan approval, the funds will be transferred to your bank account within a few minutes if both the borrower and the lender have accounts with the same bank. Otherwise, it may take more time. 

What can be the reasons for a consumer loan rejection? 

There can be various reasons for loan rejection: 

  • Age mismatch: Always check the age restrictions. 
  • Inaccurate information provided: Bank account details, contact information, etc. 
  • Insufficient income: Applying for a loan of ₱25,000 with a minimum salary. 
  • Credit obligations exceeding 40% of income: Pay off at least one of the existing loans. 
  • Negative credit history: Start making payments on time! 

Financial institutions always evaluate each application individually, considering the client's credit rating and repayment capacity. Lenders are not interested in granting loans to irresponsible individuals, especially if there are doubts about loan repayment from the beginning. 

Consequences of non-payment of a consumer loan 

Consumer loans are long-term obligations, so it is crucial to assess your ability to repay the loan on time. Evaluate whether you can handle these financial obligations over several years. 

In case of payment difficulties, use additional paid services such as loan term extensions, credit holidays, or loan insurance. Not all lenders offer these services, so inquire about them before signing the contract. 

If you delay payments, be prepared for the lender to charge interest for each day of delay. If payment is not received for a couple of months, the unpaid amount will be referred to a debt collection company, and a negative record will appear in your credit history. 

By paying bills on time and repaying the consumer loan within the agreed timeframe, it will be easier for you to apply for any future loan on more favorable terms.