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DBP Personal Loans

For those seeking personal finance in the Philippines, DBP offers a streamlined online service for loans. Benefit from fast processing and a range of options to suit your needs, all available online with DBP.
Offers: 1
EC Credit Salary Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
₱10,000 - ₱1,000,000

Loan term for the financial product

up to 48 months
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DBP Personal Loans Calculator of February 2024

Your ideal online loan with a free credit check in the Philippines, just a few clicks away.

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Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...
DBP Personal Loans

What are DBP Loans?

DBP loans refer to the diverse array of financial assistance programs offered by the Development Bank of the Philippines (DBP), a leading government financial institution dedicated to promoting sustainable economic growth and development in the Philippines. These loans are designed to cater to the varying needs of individuals, businesses, government agencies, and other entities, aiming to facilitate their access to funding for different purposes. DBP offers a wide range of loan products, including development loans tailored for infrastructure projects and industrial enterprises, microfinance loans aimed at empowering small-scale entrepreneurs, housing loans for home acquisition or construction, and specialized financing programs targeting sectors such as renewable energy and social development.

DBP loans typically come with competitive interest rates, flexible repayment terms, and tailored features to suit the specific requirements of borrowers. Whether it's funding for large-scale infrastructure projects critical to national development or support for micro-entrepreneurs at the grassroots level, DBP loans play a crucial role in driving economic progress and addressing key development challenges in the Philippines.

Key Features

  1. Competitive Interest Rates. DBP provides loans with competitive interest rates, making their financial products attractive to borrowers. The rates are structured to align with the specific loan type and prevailing market conditions.

  2. Flexible Repayment Terms. Borrowers can benefit from flexible repayment terms, allowing them to choose a repayment schedule that suits their financial capacity. This flexibility contributes to a more manageable and customized loan experience.

  3. Quick Processing Time. DBP emphasizes efficient processing, aiming to provide timely financial assistance to borrowers. The average processing time for loans is typically within 30 to 36 days, assuming all required documents are complete.

  4. Financial Inclusion. DBP promotes financial inclusion by offering microfinance loans and reaching out to small-scale entrepreneurs and grassroots communities. This commitment aligns to empower individuals at various economic levels.

  5. Co-Financing and Partnerships. DBP collaborates with various entities, including government agencies, local government units, and private corporations, to co-finance and support development projects. These partnerships enhance the bank's capacity to contribute to national development goals.

Pros and Cons


Diverse Loan Products. DBP offers a wide range of loan options tailored to meet the specific needs of various sectors, including government employees, infrastructure contractors, renewable energy projects, and more.

Financial Inclusion. DBP's loan programs aim to promote inclusive growth by providing financing solutions to sectors that may face barriers to access traditional banking services, such as MSMEs and rural communities.

Infrastructure and Development Focus. With a primary mission of supporting national development, DBP loans often focus on financing projects related to infrastructure, energy, social services, and other key sectors contributing to the country's progress.


Limited Accessibility. DBP's presence may be limited in some areas, particularly in remote or underserved regions, which could restrict access to loan facilities for certain borrowers.

Bureaucratic Procedures. Due to its status as a government institution, DBP may be subject to bureaucratic processes and regulations, resulting in slower decision-making and administrative hurdles for borrowers.

Risk of Political Interference. Being a government-owned entity, DBP may be susceptible to political influences or changes in government policies, which could impact its lending practices and stability.


The Development Bank of the Philippines (DBP) is considered a reliable financial institution due to its long-standing presence in the Philippine banking sector and its regulatory oversight by the Bangko Sentral ng Pilipinas (BSP). With a history dating back decades, DBP has established itself as a trusted partner in supporting the country's development objectives. Its adherence to transparency, governance standards, and commitment to financial consumer protection further enhance its reliability.

How to Apply for a DBP Loan?

Apply for a loan

  1. Initial Consultation. Begin by discussing your project proposal with a DBP account officer. This initial consultation allows you to present your business needs and objectives while enabling the account officer to assess the feasibility of your project in line with DBP's lending criteria.

  2. Submission of Application. Once you've discussed your proposal with the account officer and received positive feedback, proceed to file your loan application form along with the required documents. These documents typically include company background information, financial statements, project feasibility studies, and collateral details, among others.

  3. Evaluation and Processing. Upon submission of your application, DBP will conduct a thorough evaluation of your proposal and assess its financial viability, developmental impact, and compliance with regulatory requirements. The bank will also verify the authenticity of the submitted documents and may request additional information if needed.

  4. Application Approval. After completing the evaluation process, DBP will notify you of the status of your application through a formal letter and phone call. If your application is approved, you will receive detailed information on the terms and conditions of the loan, including the approved loan amount, interest rates, and repayment terms.

  5. Account Opening. Upon approval of your loan application, you will be required to open an account at DBP where all transactions related to the loan will be processed. This account serves as a conduit for disbursing the loan proceeds and managing repayments.

  6. Loan Disbursement. Once your account is set up, DBP will release the loan proceeds as per the agreed terms. The disbursed funds can then be utilized for project implementation or other approved purposes outlined in your loan agreement.

  7. Loan Monitoring. After the loan has been disbursed, DBP will monitor the progress of your project to ensure that it remains on track and aligns with the agreed-upon milestones. Regular updates and periodic visits may be conducted to assess the project's performance and address any issues that may arise.

Conditions and Requirements


  1. Interest Rates. The bank provides competitive interest rates based on prevailing market conditions, borrower risk profile, and the type of loan. Interest rates may be fixed or variable.

  2. Repayment Terms. Borrowers can choose from flexible repayment terms, including loan tenors ranging from short to long term, with options for monthly, quarterly, or annual repayments.

  3. Grace Period. Some DBP loans may offer a grace period before the commencement of loan repayments, allowing borrowers time to establish their projects or businesses before repayment obligations begin.

  4. Loan Purpose. DBP loans can be used for various purposes, including business expansion, infrastructure development, social services enhancement, and renewable energy projects, among others.

  5. Monitoring and Support. The bank provides ongoing monitoring and support throughout the loan tenure, including periodic reviews, site visits, and assistance to ensure project success and loan repayment.


  1. Company Documentation. Borrowers must provide comprehensive documentation about their company, including background information, corporate mission/vision, past achievements, SEC registration, Articles of Incorporation and By-Laws, and Board of Investments (BOI) registration if applicable.

  2. Financial Statements. Submission of financial statements for the last three years, including balance sheets, income statements, and cash flow statements, is necessary. This helps DBP assess the financial health and performance of the borrower.

  3. Project Feasibility Study. Borrowers need to present a detailed project feasibility study outlining the proposed project, fund sources and uses, timetable, and current project status. This study helps DBP evaluate the viability and potential impact of the project.

  4. Collateral Documentation. Proposed collaterals, such as real estate properties, must be identified and documented. This includes providing photocopies of land titles, lot plans, and appraisal reports from DBP-accredited appraisal companies.

  5. Credit and Banking Relationships. Borrowers are required to disclose their existing credit and banking relationships, including current dealings with other banks, types of bank accommodations, and trade creditors/suppliers.

  6. Marketing and Sales Strategies. A detailed marketing plan, including present and projected demand, competition analysis, and marketing and sales strategies, should be provided to demonstrate the market potential and growth prospects of the project.

  7. Other Documents. Additional documents may include the identification of risks and proposed mitigants, developmental impact assessment, and any necessary government approvals or permits.

Best Places to Get a Loan Today


Apply for a loan

Digido is an online loan company in the Philippines, offering non-collateral cash loan services. They provide a fully automated online portal for a seamless loan application process. Key features include:

  • Automated application process.
  • Loans for various purposes, including emergency and OFW loans.
  • No collateral required.
  • Online loan calculator.
  • Transparent interest rates, with a commitment to fair lending practices.
  • Loan accessibility for unbanked individuals.
  • Secured operations, fully licensed and registered under the SEC.



Apply for a loan

MoneyCat is an online payday loan provider in the Philippines, offering efficient financial solutions with an easy-to-navigate online registration form. Their features include:

  • Swift approval process, usually within 24 hours.
  • Flexible loan amounts ranging from PHP 500 to PHP 20,000.
  • Convenient application methods via website or mobile app.
  • First loan free of charge for new users.
  • Licensed by the SEC, ensuring reliability and legitimacy.



Apply for a loan

Finbro is an online lending platform providing quick loans with durations of up to 12 months and amounts ranging from ₱1,000 to ₱50,000. Their service includes:

  • Online application process that can be completed in 15 minutes.
  • Transparent conditions with no extra costs.
  • 24/7 service availability.
  • Data protection for users.
  • Higher interest rates for repeat loans.
  • No mobile app for accessibility.



Apply for a loan

Kviku is an online lending institution known for providing short-term loans with a fully automated online service. Their main features are:

    • Simple and user-friendly loan procedures.
    • 24-hour approval process.
    • No hidden fees or charges.
    • 100% online lending experience.
    • Competitive interest rates at 0.16% daily.
    • Flexible repayment terms up to 180 days.
    • Registered and authorized by the SEC, ensuring reliability.


Ways to Receive the Money

  1. Direct Disbursement to Bank Account. The most common method is direct disbursement of the loan amount to the borrower's designated bank account. Once the loan is approved, DBP transfers the funds electronically to the specified account, providing quick access to the funds for the borrower's use.

  2. Electronic Funds Transfer (EFT). For larger loan amounts or corporate clients with multiple accounts, DBP may facilitate electronic funds transfer directly to the borrower's accounts through secure banking channels. This method offers convenience and efficiency in managing the loan proceeds.

  3. Payment to Suppliers or Contractors. In specific loan agreements, DBP may disburse the funds directly to the suppliers or contractors involved in the project or business operations. This arrangement ensures that the funds are utilized for their intended purpose and facilitates seamless project execution.


  1. Development Loans. Financing options for infrastructure projects, industrial enterprises, agriculture, and other sectors contributing to national development.

  2. Salary Loans. Exclusive salary loans for government employees, providing quick access to cash with convenient repayment through salary deductions.

  3. Microfinance Loans. Small-scale financing solutions aimed at empowering micro-entrepreneurs and small businesses.

  4. Housing Loans. Funding options for home acquisition, construction, renovation, or refinancing.

  5. Deposit and Investment Products. Various savings account options with competitive interest rates and flexible features. Fixed-term deposit accounts offer higher interest rates for clients looking to maximize their savings. Investment opportunities allow clients to participate in diversified portfolios managed by professionals. Investment vehicles focusing on short-term, low-risk securities, offering liquidity and potential returns.

  6. Trade and Treasury Services. Support for importers and exporters through letters of credit, export financing, and trade advisory services. Currency exchange facilities and hedging solutions to manage foreign exchange risks. Investment instruments such as government securities, bonds, and other capital market offerings.

  7. Electronic Banking. Access to cash withdrawals, balance inquiries, fund transfers, and bill payments through DBP's ATM network. Convenient digital banking platform enabling clients to manage their accounts, transfer funds, pay bills, and perform other transactions online. Banking services are accessible through mobile devices, offering flexibility and convenience for on-the-go banking needs.

Reasons for Getting Rejected for a DBP Loan

  1. Insufficient Collateral. DBP typically requires collateral to secure loans, especially for larger amounts. If the borrower's offered collateral does not meet the bank's requirements in terms of value, quality, or legal status, the loan application may be rejected.

  2. Poor Credit History. DBP evaluates the creditworthiness of applicants based on their credit history, including their repayment behavior with other financial institutions. A history of late payments, defaults, or high levels of outstanding debt can negatively impact the applicant's creditworthiness and result in rejection.

  3. Inadequate Documentation. Failure to provide complete and accurate documentation as required by DBP can lead to rejection. Missing or incorrect information, incomplete financial statements, or lack of necessary supporting documents may result in the bank being unable to properly assess the borrower's eligibility and creditworthiness.

  4. Unsatisfactory Business Plan or Financial Projections. For business loans, DBP assesses the viability and sustainability of the proposed project or business. If the business plan lacks detail, feasibility, or realistic financial projections, the bank may deem the loan too risky and reject the application.

  5. High Debt-to-Income Ratio. DBP considers the applicant's debt-to-income ratio, which reflects their ability to manage additional debt based on their existing income and debt obligations. If the ratio is too high, indicating a significant portion of income already allocated to debt repayment, the bank may consider the applicant overleveraged and reject the loan application.

  6. Inadequate Business Experience. For business loans, DBP may consider the applicant's level of experience and expertise in the relevant industry. Lack of experience or a track record of success in similar ventures may be viewed as a risk factor, potentially resulting in the rejection of the loan application.

  7. Failure to Meet Eligibility Criteria. DBP has specific eligibility criteria for loan applicants, including legal requirements, industry restrictions, and compliance with government regulations. If the applicant fails to meet these criteria, their loan application may be rejected.

How to Repay a DBP Loan?

  1. Understand Repayment Terms. Familiarize yourself with the repayment terms specified in your loan agreement. This includes the repayment schedule, frequency of payments (e.g., monthly, quarterly), and any applicable interest rates.

  2. Set Up Payment Method. DBP usually offers multiple payment methods for borrowers' convenience. You may be able to make repayments through automatic deductions from your DBP account, electronic funds transfer, online banking, or in-person payments at DBP branches.

  3. Timely Payments. Make loan repayments on or before the due dates specified in your loan agreement. Timely payments help you avoid late fees, penalties, and negative impacts on your credit profile.

  4. Monitor Account Activity. Regularly monitor your DBP account or chosen payment method to verify that loan repayments are processed correctly. Review your account statements or transaction history to confirm payments and address any discrepancies promptly.

  5. Communicate with DBP. In case of financial difficulties or unexpected challenges that may affect your ability to make timely repayments, communicate proactively with DBP. They may offer options such as restructuring the loan or adjusting the repayment schedule to accommodate your circumstances.

  6. Review Loan Status. Periodically review the status of your loan, including the remaining balance, outstanding payments, and any changes in terms or conditions. Stay informed about the progress of your loan repayment to ensure compliance with the agreed-upon terms.

  7. Consider Early Repayment. If you have the financial means, consider making early or additional loan repayments to reduce interest costs and shorten the loan term. Check with DBP for any prepayment penalties or conditions that may apply.

  8. Keep Records. Maintain accurate records of all loan repayments, including payment confirmations, receipts, and correspondence with DBP. These documents serve as proof of payment and may be useful for future reference or inquiries.


HSBC stands out with its competitive interest rates, offering a low monthly add-on rate starting at 0.65%. Borrowers can access amounts ranging from ₱30,000 to ₱500,000, with flexible repayment terms extending from six to 36 months. The processing time is efficient, typically taking five to seven working days. While there's a processing fee of ₱1,500, borrowers benefit from the ease of accessing funds for various purposes, from travel to education.

CIMB Bank offers some of the most attractive interest rates in the market, starting at 0.83% per month. With loan amounts ranging from ₱30,000 to ₱1 million and flexible repayment terms spanning 12 to 60 months, CIMB provides borrowers with ample financial flexibility. What's more, their streamlined digital application process ensures convenience, with approvals typically granted within 24 hours and instant disbursement to CIMB accounts or one to two banking days for other bank accounts.

BPI Personal Loan provides another viable option for borrowers seeking competitive interest rates, with a monthly add-on rate of 1.2% and an annual contractual rate of 25.60%. Loan amounts range from ₱20,000 to ₱3 million, payable over 12 to 36 months. While processing may take five to seven working days, BPI's accessibility through online applications or branch visits adds convenience to the borrowing process, making it an attractive choice for those in need of financial assistance.

Metrobank Personal Loan offers borrowers the opportunity to access up to ₱1 million with competitive rates ranging from 1.25% to 1.75%. With loan terms extending from 12 to 36 months, borrowers have repayment flexibility. While processing typically takes seven working days, Metrobank's straightforward application process and efficient disbursement make it a convenient option for those seeking quick access to funds.

Editorial Opinion

In assessing DBP loans, it's essential to recognize the bank's pivotal role in facilitating economic development and supporting various sectors through tailored financing solutions. DBP's wide array of loan offerings, competitive interest rates, and flexible repayment terms provide opportunities for businesses, infrastructure projects, and social initiatives to thrive. However, borrowers should carefully consider their financial capabilities and the terms of each loan, ensuring alignment with their long-term goals and risk tolerance. While DBP's loans contribute positively to the country's progress, borrowers should exercise diligence and prudence in managing their financial obligations to mitigate potential risks and maximize the benefits of these financing options.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender in the Philippines

  1. Ensure that the lender is registered with the Securities and Exchange Commission (SEC) of the Philippines.

  2. Investigate if the lender is a member of recognized industry associations in the Philippines, such as the Chamber of Thrift Banks or the Philippines Finance Association.

  3. Carefully examine all terms and conditions of your loan contract. This includes understanding the repayment schedule, fees, and any penalties for late or missed payments.

  4. Payday loans can have high-interest rates. Make sure the contract clearly outlines the interest rate and total cost of the loan, including any processing fees or additional charges.

  5. Familiarize yourself with your rights regarding cancellation. In the Philippines, consumers may have the right to rescind the loan within a specific period after signing the agreement.

  6. Research the lender's reputation through customer reviews, complaints, and feedback available online.


In Finanso, we've carried out a comprehensive analysis of over 50 lenders in the Philippines, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.


Who owns DBP?

The Development Bank of the Philippines (DBP) is a government-owned and controlled corporation (GOCC) under the Republic Act No. 8523. As a state-owned financial institution, DBP operates under the guidance and oversight of the Philippine government, primarily tasked with providing financial support for projects that contribute to national development goals.

What credit score do you need for DBP?

The specific credit score requirement for obtaining a loan from the Development Bank of the Philippines (DBP) may vary depending on the type of loan and the borrower's financial profile. Generally, DBP evaluates loan applications based on various factors beyond just credit scores, including income, employment history, and collateral. While a good credit score is advantageous, DBP considers the overall financial health and repayment capacity of the applicant.

What bank does DBP use?

Being a financial institution in its own right, the Development Bank of the Philippines (DBP) operates independently and does not rely on another bank for its core banking services. Instead, DBP has its own infrastructure and systems to manage its banking operations, including loan disbursements, deposits, and other financial transactions. This autonomy allows DBP to fulfill its mandate of providing financial services and support for projects that promote national development without dependency on external banking institutions.

Does DBP approve everyone?

The Development Bank of the Philippines (DBP) does not approve loans for everyone without consideration. Like any financial institution, DBP assesses loan applications based on various criteria such as creditworthiness, repayment capacity, the purpose of the loan, and collateral. While DBP aims to support projects that contribute to national development, not all loan applications meet the required standards, and approval is subject to thorough evaluation.

Is DBP a legitimate company?

Yes, the Development Bank of the Philippines (DBP) is a legitimate and recognized financial institution. Established by Republic Act No. 8523, DBP operates as a government-owned and controlled corporation (GOCC) mandated to provide financial services that support infrastructure and development projects across the Philippines. As a GOCC, DBP is subject to government regulations and oversight to ensure compliance with laws and standards governing financial institutions.