About Online Loans Pilipinas
Online Loans Pilipinas is a fintech platform that caters digital financial solutions in response to Filipinos needs. We are focused on online micro and consumer financing and we aim to uplift the financial well-being of customers.
We provide fast and easy service financial solutions to every Filipino’s financial needs without office visits, collateral and complex approval process or waiting in a queue.
Online Loans Pilipinas offers an inventive, consistent and quick way to deal with customer loan products, enabling us to adjust to your changing needs - serving you with high business morals and transparency.
What are the requirements in applying?
Customers must be:
- Between 22 to 70 years old.
- Currently employed or with a steady source of income.
- Have any of ids: TIN, Passport, PRC, UMID, SSS, Driver’s License.
- All customers should have valid Bank account.
- Soon you will get an option to get disbursement with GCash or cash pick up.
Why us?
- Simplest process - no collateral, only 1 valid ID, no payslips or proofs of billing.
- Fast approval, Instant disbursement - get a decision in a few minutes and get money in less than 5 minutes 24/7 even on holidays.
- Better offer for repeaters - repay your loan on time and get up to P20`000 on your next loans and other benefits.
- Transparent costs - with the full cost shown up front, use the calculator to count fees applied before making a decision.
- Flexible repayment terms - in case of unforeseen circumstances through no fault of the borrower, get 30 days extension.
How to apply for a loan?
To apply for a loan with Online Loans Pilipinas, kindly follow these easy steps:
- Navigate the online calculator to choose the desired loan amount and loan term in homepage of the website or mobile application.
- Fill out all the required details correctly and accurately.
- Wait for approval. We will send you SMS for confirmation or we might call you for verification.
What are the interest rate and charges?
For fees and interest, study the terms and conditions and the disclosure statement before proceeding with the loan transaction.
For our first time cutomers we offer zero interest and no processing fee loan. Try our service for free!
What is the processing time for disbursements?
To get money instantly, you can use Instapay option. Usually it takes 1 to 5 minutes to get your loan proceeds.
If your loan was approved:
- before 1 PM, loan proceeds will be received by 6 PM onwards on the same day.
- after 1 PM, or on Weekends and holidays, loan proceeds will be received by 6 PM on the next business day.
How to repay?
Choose between these 3 payment options:
For Online banking via dragonpay - RECOMMENDED for faster payment posting & acct update:
- Step1: Go to https://olp.ph/en/loan-repayment;
- Step2: Choose Online Banking;
- Step3: Follow steps 1-4 of online banking to generate dragonpay reference number;
- Step4: Follow and complete payment instructions from dragonpay.
For Over-the-counter, Repayment thru:
- Step1: Go to https://olp.ph/en/loan-repayment;
- Step2: Choose Over-the-counter;
- Step3: Choose your preferred over-the-counter channel and follow the instructions.
For E - Wallet, Repayment thru:
- Step1: Go to https://olp.ph/en/loan-repayment;
- Step2: Choose E-wallet;
- Step3: Choose your preferred E-wallet and follow the instructions.
I am planning to settle my loan early; can I re-apply again?
For loans with 7 days and 10 days term, you can pay your loan early but the contract will only close and be eligible for re-loan on your assigned maturity date and be.
For 15 days 21 days and 30 days loan term. You can pay after the 50% of your initial loan term and pay only the due amount for that day.
Do you have installment loans?
Our good standing customers are enjoying the benefits of Installment Loan service. Always settle your loan on time and soon you'll get installment offer with better interest rate and term.
