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Online Loans Pilipinas (OLP) is a fintech platform offering micro and consumer loans online, accessible via its website and app. It's designed for Filipinos needing quick financial solutions for emergencies or immediate needs. With over one million downloads, its app is available on Google Play, the App Store, and Huawei AppGallery. OLP is SEC-registered, ensuring its legitimacy and compliance with regulatory standards. The service aims to provide fast cash loans with a straightforward application process, catering to Filipinos aged 22 to 70 with a stable income.
Online Loans Pilipinas Financing Inc (SEC Registration No. CS201726430 Certificate of Authority No. 1181), also known as OLP is a consumer and micro-loans fintech firm that avails cash online via its app and website to serve the Filipinos who, in cases of urgent needs or emergencies, require quick cash personal loan. It has exceeded over a million downloads on its app Huawei AppGallery and was also available on the App Store and Google Play, with SEC registration ensuring the genuineness and regulatory compliance of OLP. It targets Filipinos who are earning steady incomes that fall between 22 to 70 years old. This enables them to have the quick cash loans or cash advance with easy application processes.
Loan Amount: PHP 1,000 to PHP 30,000
Interest rate: 0% if you pay back on first loan payment
Loan tenure: 61 - 183 days
Approval duration: from submission of application to disbursement of loan amount takes 5 minutes to 24 hours
Age: must be between 22 to 70 years old
Currently employed or with a steady income
Government issued IDs
Must have a valid bank account or e-wallet account
For first time borrowers, initial cash loan from Online Loans Pilipinas is PHP1,000 to PHP7,000. But repeat borrowers with a good standing can get a higher loan amount as high as PHP30,000. If you have a good credit history and a financial history with them based on your monthly payback patterns, they will help you get the maximum amount loan limit the second time. This is especially true for regular customers who pay off their loans early.
Yes. Online Loans Pilipinas Financing Inc is one of the legit online lending companies and is a SEC registered financing company with Registration No. CS201726430 Certificate of Authority No. 1181. Their main office is located at 601 Summit One Office Tower, 530 Shaw Boulevard, Barangay Highway Hills, Mandaluyong City. Despite their authenticity, it is always wise to do your due diligence before processing your loan application by visiting their website or reading articles like Online Loans Pilipinas reviews and reading through the loan agreement to know all the details and protect your information.
Users have conflicting evaluations of Online Loans Pilipinas Financing Inc, expressing both pleasant and negative experiences. Many borrowers thank Online Loans Pilipinas for its accessibility, saying it helped them buy medicine and pay expenses. Users thanked Online Loans Pilipinas for funding food and other necessities when they had nothing left. However, many customers have complained about OLP, notably on Google Play, alleging exorbitant interest rates, transaction costs, and app usability concerns. Some have questioned the service's openness due to loan disbursements arriving with smaller amounts than planned. Due to hefty payback demands, several called OLP a fraud, while one reviewer observed that borrowers may save by opting out of the Preferred Borrower Bundle function of the app.
Online Loans Pilipinas offers a seamless borrowing experience with its fast and easy application process through their app, accessible anytime, anywhere. First-time borrowers benefit from a 0% interest rate if repaid on the first due date, making it an affordable option for short-term needs. Flexible loan amounts, ranging from PHP 1,000 to PHP 20,000, cater to diverse financial requirements, with higher limits for loyal customers. As an SEC-registered company recognized by the National Privacy Commission, it ensures a secure and legitimate lending experience.
Apply for a loan anytime, anywhere through the OLP app, with a fast approval process.
Borrow from ₱1,000 to ₱20,000, with higher amounts available for repeat borrowers.
Enjoy a 0% interest rate if you repay on your first payment date, making it cost-effective for short-term needs.
SEC-registered and recognized by the National Privacy Commission, ensuring a safe and reliable borrowing experience.
In conclusion, Online Loans Pilipinas Financing Inc provides a fast and accessible option for those in need of immediate financial support, especially for short-term needs. With a quick application process, loan approval within minutes, and flexible repayment options, Online Loans Pilipinas has proven valuable to many borrowers. However, like other online lending apps, potential applicants should be mindful of reported concerns such as high interest rates and transaction fees, ensuring they fully understand the loan terms and conditions. For responsible borrowers who need emergency funds, Online Loans Pilipinas can be a practical solution, especially with its 0% interest offer on timely repayments, SEC registration, and commitment to a customer-centric experience.
You can process your Online Loans Pilipinas payments via these channels:
Online Loans Pilipinas disburse loan proceeds to your provided active Bank or E-Wallet account.
