Several advantages for the borrower make OLP the best loan app in the Philippines. These advantages include:
- Very fast loan approval. You can get your funds whenever you need them without a very long waiting time.
- Minimal documentary requirements. You only need to have one of five valid government-issued IDs.
- You don’t need to present a payslip or proof of employment.
- It has one of the lowest daily interest rates among other online loan applications.
- Repayment is very convenient. OLP has partnerships with banks, payment centers, and e-wallet applications.
- It offers prolongation, which extends your loan for up to 30 days.