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OK Loans is a legitimate and authorized online lender. With a completely automated web portal and cutting-edge look, user-friendly financial solutions, OK Loans separates out from its rivals.

Our automated loan lending system evaluates each application independently and disburses funds within a few hours.

We provide a wide range of loans, from 0% promotional loans to non-collateral loans of up to PHP 30,000.

Whatever your earning level is, a proper financial plan alone can make you a financially independent person. Still, an unexpected requirement for money can ruin your plans. To tide over such situations, you may have to depend on loans from friends, relatives, banks, or lenders.

Traditionally banks are the best option for any loan due to their low-interest rates and more flexible loan conditions. But the requirements for a broad set of documents, good credit score, and lengthy approval time are some of the valid reasons for a borrower to turn away from banks and look for alternatives, mainly lenders.

When an emergency strikes, not everybody has time to visit different lenders or bank branches and compare the loan terms. As an alternative, banks and various financial institutions offer loan processing through an online interface, known as “Online Loans”.

The ability to borrow money online instantly without any complex documentation process is highly tempting. People may use these loans for every financial need without any contemplation. Such an approach could spoil their financial discipline and push them to debts.

Below are the crucial points in securing the right loan:

• Always provide accurate information. If you hide your previous loan history, the lender may perform hard checks. It will reduce your credit score and affect your ability to secure a better loan.
  
  
• Do not apply for loans with multiple lenders at the same time. Each one will perform credit checks, and it will pull down your credit score significantly.
  
  
• Compare loans with different lenders and choose the best option.
  
  
• Ensure that you are able to repay the loan completely within the stipulated time. Any deviation from this can affect your credit score and will danger your ability to secure good loans.
  
  
• Before accepting any loans, read and understand the loan documents and conditions thoroughly.

We only require 1 government valid ID but it will help if you can present supporting documents like payslip, COE, ITR, company ID, DTI (if self-employed or with business).

Only repeat borrowers can avail our Installment loan, If you’re already a repeat borrower you don’t need to present any requirements unless needed for further validation. Repeat borrowers can be automatically approved.

Some of the attributes of OK Loans are the following:

• No hidden charges, upfront fees, or commissions;
  
  
• We are open 24/7 without any holidays or weekends
  
  
• Easy loan application process and instantaneous decisions
  
  
• Multiple modes of loan application: Web, Mobile App and through branches
  
  
• A loan approval rate of more than 90%
  
  
• Loans for any purpose
  
  
• Online loan calculator to choose the right loan amount and duration
  
  
• Loans without any collateral and guarantors
  
  
• Better loans for repeat buyers
  
  
• Loans even without bank accounts
  
  
• Multiple Loan Repayment Options - bank transfer, remittance centre, 7-Eleven, offline branches, Dragonpay.

Each one has different requirements for the loan amount and loan duration. Our online loan calculator is an exceptional tool that shows the exact repayment amount for each combination of loan amount and loan term.

Let's look at a sample calculation. The maximum annual loan rate is 143%. Take the amount of PHP 30,000 and a period of 2 months. In this case, your monthly payment will be only PHP 5,000, and the total cost of interest will be 2,383 pesos monthly. The availability of a loan calculator in the Philippines helps the Filipino have a clear idea about the optimal loan amount, term, and repayment before subscribing to any loans.

Get your first loan with a 3-day 0% interest rate trial period. Enjoy a ₱ 3,500.00 starting loan with 0.5% interest rate per day.
You can between day 1 to day 61.

Smartphones are the main device used by the Philippines' ever-growing online population to connect to the Internet. The mobile app for OK Loans is feature-rich and well-optimized. It makes it easier for Internet-savvy Filipinos to take advantage of online lending's advantages. We advise you to download the OK Loans for Android or Apple mobile application and take advantage of its convenience if you want to avoid standing in line at the bank and simply apply for a loan online using your phone. Users give the app excellent marks, and those who have used it to get money have left a lot of encouraging comments.