Lender
Rating by Finanso®
i

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.

Online Loans Pilipinas's application

Advertiser Disclosure

How to get money?

The steps to acquire an OLP loan are given below for perusal:

  1. Visit the OLP website and create an account or sign in to the already existing account.
  2. Enter your phone number for verification and get an OTP.
  3. Use the online calculator to choose the loan amount and period.
  4. Fill out the form and answer the verification call.
  5. One may receive the approval or rejection within one or two business days.
  6. It is recommended to analyze the loan agreement and sign the same carefully.

Requirements

To get a loan, the user will have to meet the following requirements:

  • Provide a valid ID: TIN, passport, PRC, UMID, SSS, or driver’s license
  • Provide a proof of official employment
  • Be between 22-70 years old
  • Be a citizen of the Philippines
  • Have a valid bank or e-wallet (Gcash, Paymaya or Grabpay) account

Application details

It usually takes one or two business days to approve or reject the loan application. The reasons for rejection may vary depending on the following conditions:

  • The user might not be under the appropriate age to pass for the loan.
  • The user may have a low credit score with the company, or his credit history might be questionable.
  • The user is unemployed or has severe job instability.
  • The loan applied by the user may not be repaid with his current income.
  • The user might have several pending loans.

Online Loans Pilipinas application

FAQ

How long does it take to get approved by Online Loans Pilipinas?

The loan may get approved within one or two business days.

How trustworthy are Online Loans Pilipinas?

OLP is a legitimate company with good reviews. The SEC-registered company goes by Online Loans Pilipinas Financing Inc. Their SEC registration number is CS201726430. They are a legit company known for their swift and easy online loan services.

Does Online Loans Pilipinas hurt your credit score?

Online Loan Pilipinas is one of the financing companies present in the Philippines that offer loans to its customers. The loan is granted considering the user's credit history and income. If the user fails in repaying the loan, this might very well affect his credit score.

Financial products
Online Loans Pilipinas
Online Loans Pilipinas
Rating by Finanso®
i

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™
0
300
650
1000
1000.00 – 20000.00 ₱
Rate
i

Effective interest rate on the product

0.01 – 1.00 %
Term
i

Loan term for the financial product

7 days – 1 months
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11,9% per month
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6 months
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4
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from 11.90 %
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Loan term for the financial product

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Rating by Finanso®
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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™
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500.00 – 25000.00 ₱
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Calculate loan payments in Online Loans Pilipinas

Online Loans Pilipinas calculator will allow you to calculate an approximate payment schedule for the loan

Online Loans Pilipinas calculator
Interest rates are given in accordance with the rates of the Online Loans Pilipinas in Manila as of 25.05.2024
Loan amount
i

Enter the desired loan amount

PHP
PHP
5000 ₱
20000 ₱
Loan term
i

Specify the loan term for the calculation

days
months
7
30
City
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