Types of Loans in the Philippines

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You can take advantage of different types of loans in the Philippines, depending on your purpose. These include personal loan Philippines, emergency loans, business loans, auto loans, and home loans. Each loan Philippines comes with different requirements, payment terms, and interest rates.

  •   Personal Loan – a multi-purpose loan you can borrow from banks, and comes with two types – secured and unsecured.
  •   Emergency Loan – offers quick cash during calamities, sudden hospitalization, accidents, and other unexpected expenses.
  •   Business Loan – available for entrepreneurs who want to raise a capital or grow their business.
  •   Auto Loan – acquire credits from banks to buy a vehicle without total amount payment upfront.
  •  Housing Loan – get your dream house without paying the whole amount upfront.
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Loans Philippines Asked question December 6, 2022