Debunking Personal Loan Myths: What You Really Need to Know
Uncover the truths behind common personal loan misconceptions.
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Uncover the truths behind common personal loan misconceptions.
Compare the best personal loan options available this summer.
Discover smart picks for personal loans with our expert analysis.
Debunking common misconceptions in personal loan borrowing
Minimum gross monthly income ₱15,000
At least 2 years with current employer
Valid government-issued ID
APR
25.98–26.76%
Term
6–36mo
Amount
₱10k–₱2M
Type
Personal
Minimum gross monthly income ₱12,000 (₱15,000 Metro Manila)
Filipino citizen 21-60 years old
Employed or self-employed
APR
39.43%
Term
12–36mo
Amount
₱30k–₱3M
Type
Personal
Minimum gross monthly income ₱15,000
At least 2 years with current employer
Valid government-issued ID
APR
30.52–33.32%
Term
12–36mo
Amount
₱20k–₱2M
Type
Personal
Minimum gross monthly income ₱15,000
At least 1 year with current employer
Valid government-issued ID
APR
28.67–31.72%
Term
12–36mo
Amount
₱20k–₱3M
Type
Personal
Filipino citizen and non-US person
21 years old up to 65 at loan maturity
Minimum gross monthly income ₱15,000
APR
18.0%
Term
12–60mo
Amount
₱30k–₱1M
Type
Personal
Age 22 to 54 at time of application
Employed: at least 2 years permanent status with 1 year at current employer
Self-employed: business operating profitably for the last 3 years
APR
41.29–42.88%
Term
24–36mo
Amount
₱20k–₱250k
Type
Personal