Business Loans

How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
All your data is under secure protection!
*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval

Who can get a Digido loan?

You are 21-70 years old
You are a Filipino citizen
You have a valid government ID
Last updated: September 18, 2023

Key takeaways:

  • Business loans are important for the economy so that entrepreneurs who have great ideas can start businesses.
  • You can get a business loan from a bank or through a government program.
  • We have listed the basic requirements for a borrower.
  • Digido does not offer business loans, but you can still borrow money and spend it for any purpose, such as growing your business.

A business loan is money that you borrow from an institution for commercial purposes. In many cases, business owners borrow to add funds for their newly established business, to put up a new branch, or do some renovations.

There are many types of small start-up loans, not all of them come in the form of direct financing. In the Philippines, the most common source of the loans is banks. Aside from the bank, there are other sources of loans/ These loans, like other types, have an interest. The interest rate varies between banks and the amount of your loan.

Get a Quick Cash for your Business needs!
  • First loan with 0% interest rate
  • Get up to PHP 25,000 in just 4 minutes!

Can I Take a Business Loan at Digido?

Digido is an online fast lending company that offers quick cash for your business needs. Right now, it does not offer online startup loans in the Philippines. However, this does not mean that you cannot borrow money from this company. You can still borrow money.

The best thing about Digido, it offers loans for any type of reason whenever you need it. However, you can only borrow small amounts, between ₱1,000 and ₱25,000. This loan has to be paid soon, including the interest. You can use this money to pay for your groceries, buy some materials, settle Meralco BIlls and so much more.

To be able to get an online loan for working capital from Digido, you have to be:

  1. Filipino citizen;
  2. 21-70 years of age;
  3. Employed or have business;
  4. Provide documents proving your residence, age, citizenship, and your capacity to pay.

You can do this by scanning and sending documents like credit card statements, certificate of employment, income tax returns, and government ID. Once submitted, the company can take as little as 24 hours to approve or deny your application. Everything is online so you do not have to fall in line for the application process.

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income ₱ 20000
You return*: 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 10,000 pesos in your bank account, and up to 25,000 pesos for repeat borrowers.
We don't require guarantors representation, documentation, or guarantee deposits.
We only require 1 government valid ID

Learn about
Top 6 Small Business Ideas in Manila, Philippines

Where Can I Get a Business Loan?

There are two main methods you can try if you need money to get a startup in the Philippines. These are banks and government business credit.

Banks – you need to be employed or your business should already be established. In some cases, banks will approve your credit provided that you already own at least 20% of your target capital. With banks, you will have to choose your payment terms, and you need to pay the interest. The average interest rate is 15% per year.

Government loans – you can get the loan in the Philippines from the government. One government department where you can borrow money is the Department of Trade and Industry or DTI. Such loans are regulated by the Bangko Sentral ng Pilipinas.

Annually, DTI sets aside a budget of ₱1 billion or more for loans. These are given to micro businesses only. The owner of the company may issue a business capital small loan. It means that the asset amount must be less than ₱3 million. The interest is only 0.5%. To be able to apply for this loan, your startup must have already existed for at least one year by the time of your application.

Why do you need a Business Loan?

What are the reasons for getting an online loan in the Philippines? Why not just save money and then start your company once you have the capital?

Learn All about
Starting a food business in the Philippines

The main purpose of borrowing money is time. It is better to start a business now when the prices of goods are still low. Here are the other reasons why entrepreneurs need a small capital loan in the Philippines:

  1. To expand the business – if your company is earning, it is going to take some time to be able to save money to build a new branch. Business owners who are confident of their performance need a business credit so they can establish a new branch. It is in this case a small commercial capital loan will help you.
  2. To improve cash flow – some companies are strapped for cash, especially those whose success is seasonal.
  3. To invest in better marketing strategies – some firms need to invest in advertising. If they do not have enough funds to do this, they need money.
  4. To prepare your start-up for a large wholesale order.
  5. To finance daily commercial expenses, such as wages, rent and operating expenses during periods of low demand, reduced sales or lockdown.

Different businesses have different reasons to borrow money. Whatever the reason is, the financial institution will approve you if you have a good financial record.

Useful information about
Business Ideas in the Philippines

Business Loan Requirements

Here are the general requirements for filing a loan for both banks and government credits for small businesses in the Philippines.

  1. DTI registration – document showing that your deal is approved by either DTI or the Securities and Exchange Commission.
  2. Bureau of Internal Revenue registration – you will be able to get this once you have a Mayor’s Permit.
  3. Mayor’s permit – secure this from your municipality Office of the Mayor.
  4. Income Tax Return (ITR) – this is not required if your business is not operating yet.
  5. Proof of identity – government valid IDs.
  6. Proof of income – show your ITR or proof of cash; you can also show proof of employment and pay slips.
  7. Proof of address and citizenship


If you are applying for a money that requires collateral, you need to submit proof of ownership of your asset. Your asset must already be paid in full. For example, you cannot file for a loan and use your car as a collateral if you are still paying the amortization for that.

Read about
How to Get a Business Permit

Amounts and terms of a Business Loans

Learn more information about
Online Business in the Philippines


  • Can I get a loan to start a business?
    Yes, it is possible, but most often with collateral or a guarantor. If you are just starting a business, getting a no-collateral loan in the first year of your company is very difficult. Lenders need a guarantee that the loan will be paid back.
  • How can I get a business loan in BDO?
    Yes it is possible if you meet the terms of the loan.
  • Is a business loan a good idea?
    It's a good option to get more opportunities for your business and expand your reach.

Digido Reviews

  • Pao
    As a small business owner, I was in need of extra funds to grow my business and I researched business loan requirements Philippines. Digido service came in handy! I got the funds I really required for my business, and I couldn't be more pleased with the service.
  • S. Marko
    If you need a loan with minimal application requirements, you can try Digido. It's a very simple application, and I was able to get cash I needed to invest in my business without any problems
  • Junjun11
    So fast! The application process was quick and easy, and I got 10000 in my account within hours. Highly recommended!👍
Submit review
Submite review
Thank you for review!
Rating (5/5) 452 voted. Rate us

Download our app

  • Borrowing 24/7
  • Approval rate over 90%
  • 1 Valid ID