In case of financial difficulties, anyone may need urgent financial support. During such times, credits 24/7 come to the rescue. On the internet, you can find and obtain a wide range of financial assistance options available round the clock. However, we offer a way to combine the pleasant with the useful. By using a single website, credits24.ph, you can explore a wide selection of offers from lenders in the Philippines, compare them, and find the best option that suits your specific requirements in just a few minutes. 

Let's get acquainted|We are your reliable solution 

The credits24.ph team collects microcredit offers from the largest lenders in the Philippines, publishes the available options on our website, and provides all the information needed by individuals seeking quick access to additional funds. The next steps are up to you: 

1. Compare the available credit options. 
2. Fill out the application form on the selected lender's website. 
3. Choose the most suitable microfinance product for you. 
4. Wait for approximately 15 minutes while your application is reviewed. 
5. Upon approval, expect the funds to be transferred to your account within a few minutes. 

The guarantee of the credit's reliability and security lies in the fact that all non-bank financial companies whose offers are featured on our platform are licensed and authorized to provide microfinance services. Credits 24/7 provide a great opportunity to resolve unexpected financial issues. However, it's important to remember that by taking out a credit, you are obligated to repay the borrowed amount on time. Therefore, carefully analyze your financial capabilities and make an informed decision. 

Credits 24/7 | Why choose them? 

In times of urgent financial problems, this option is undoubtedly the simplest and quickest way to obtain financial support. The credit application process takes just a few minutes, and approval usually takes only 5-15 minutes. Moreover, the phrase '24/7' is not without reason. You can access financial help at any convenient time, including weekends. 

The loan amount provided by microfinance institutions is flexible. Depending on your needs, you can obtain credits 24/7 ranging from ₱1000 to ₱25000. You can choose the repayment period according to your preference. Lenders in the Philippines provide funds for a period ranging from 62 days to 12 months.  

New customers can take advantage of the first loan with a 0% interest rate. Loans with such rates are considered the most beneficial. However, due to the high competition in the Philippine microfinance services market, special offers are often available. For example, lenders offer reduced interest rates to establish long-term mutually beneficial relationships with reliable, repeat customers. The interest rate is assessed on an individual basis, and in the worst-case scenario, the maximum annual interest rate can reach 180%. 

Sample of credit calculation: 

• Credit amount: ₱2400 
• Credit term: 3 months 
• Monthly payment: ₱870 

The total payment, including the commission, would be ₱2610, with an APR (annual percentage rate) of 145%. 

Who can get credits 24/7? 

You can expect your credit request to be approved if: 

• You are at least 20 years old but not older than 70 years. 
• You are a citizen of the Philippines and permanently reside in the country. 
• You have a stable source of income. 
• You have an open bank account in the Philippines. 
• You have a valid phone number and email address. 

The consequences of Loan delinquency or debt: 

If your financial stability is compromised, taking out credit can be a viable solution. However, it is only a viable solution if you approach it with great responsibility and awareness of your subsequent obligations. 

Failure to repay the debt on time can damage your credit history. One of the negative consequences of damaged credit history is the difficulty in obtaining future credits. Moreover, late payments may result in penalty sanctions, which can significantly increase the debt amount. 

Timely payments, careful budget planning, and expense control will help you avoid delinquencies. However, if you find yourself in such a situation, it is essential to contact the microfinance institution from which you obtained the credit as soon as possible. In the event that you are unable to fulfil your debt obligation on time, they may offer you a paid service to extend the repayment period, known as credit prolongation. Additionally, the lender may offer credit restructuring. Such solutions allow you to avoid damaging your credit history and repay the debt without further delay. 

If the borrowed amount is not repaid by the end of the specified term, the lender has the right to charge the borrower late fees or other penalty charges starting from the first day of delay. If the payment has been overdue for an extended period, the lender may decide to transfer the debt to a collection agency. 

Additional Associated Fees

Many or all of the products we offer are from our partners, from whom we may receive commission. This may affect the placement of offers and whether a product is included in the comparison. However, this does not affect our ratings.

In addition to obvious costs like interest and repayments, there may be hidden fees that ultimately make a loan more expensive than it initially appears. These hidden costs are not always obvious and can take many forms.

One of the most common hidden costs is a processing fee. Some lenders charge a fee for reviewing a loan application, which is added to the loan amount and interest. While this practice is criticized and sometimes restricted by law in many countries, it is important to consider this when taking out a loan.

Insurance premiums, especially for residual liability insurance, are another issue often overlooked. These insurances are designed to protect both the borrower and the lender if the borrower is unable to service the loan for reasons such as illness or unemployment. However, the cost of such insurance can be high and may significantly increase the overall loan expenses.

If a borrower wishes to repay a loan early, prepayment penalties may apply. These fees are intended to compensate lenders for lost interest income.

Additionally, a special repayment fee may be charged. While some loan agreements offer the option of special repayments without any additional fees, other lenders may impose a charge.

The overall cost of a loan may also be affected by an adjustment to the interest rate on variable-rate loans. If the base interest rate increases, the cost of the loan will also rise.

Therefore, it is crucial for borrowers to carefully review all aspects of a loan agreement, considering not only the nominal interest rate but also any additional fees and charges, to get a true understanding of the total cost of the loan.

The web platform credits24.ph does not sell microfinance products, as we are not a lender. Our mission is to provide information about Philippine lenders and their microcredit offers, as well as to enable visitors to compare and find suitable credit options.