Learn about
Loyalty Cards in the Philippines
Interest Rate Calculation
New customers may get a loan PHP 5,000 without interest. A repeat customer can also borrow this amount at 1.5% per day.
| Borrower category |
Amount (PHP) |
Duration |
Payment Type |
Interest |
| First Time |
1,000 – 10,000 |
5-15 days |
One Time |
0% daily |
| Repeat |
10,000 –25000 |
7-30 days |
One Time |
1.5% Daily |
Useful information about
Student loan pay after graduations
How can I get a PHP 5,000 loan?
You can get a loan in a bank account or in cash, of your choice. The speed of receipt of money depends on your bank and is from 1 to 2 days. For Cebuana Cash Pick-up and G-cash transfer does not exceed 24 hours in working days.
How can I repay a loan?
You can pay your debt in two ways: by bank card or in cash. To pay by bank card, go to your personal account at Digido.ph. In the list “Active Loans” select the one you want to repay. Click on the “Bank Card” button and proceed to payment.
To pay your debt in cash, print a formalized payment order from Digido.ph. With this document you can make payment in any bank. You need to comply with Digido payment terms. The most important of these is to pay the loan on time, on the date specified in the loan agreement.
6 easy steps for a loan in Digido
It is very easy to get a loan on the Digido website:
- select the amount and payment term on the Digido loan calculator, for example, PHP 5,000 loan;
- click “Get a loan” and fill out a short online application;
- submit the application for consideration;
- wait for a reply to your email;
- sign the loan agreement using the code from the text message (you should read its clauses);
- you’ll get a PHP 5,000 cash loan.
Digido gives out loans even to those whose credit rating leaves much to be desired. The rating is downgraded due to past late payments, bad credit histories and conflicts with banking institutions.
Learn more about
Personal Loans loan without credit check
Why do People Take Quick Loans?
Usually, people take quick loans when the out of the pocket expenses exceed their regular savings. For instance, if you had to spend a substantial amount on your pet dog’s treatment, your financial reserves for credit card payments will become inadequate, at least for the month. Similarly, purchasing an expensive product that you have earmarked for offer periods or an additional payment of taxes, etc. can topple your financial plans for the month.
These are the most common reasons for the Filipinos to arrange a Salary loan:
1. Wedding Expenses
A wedding is one of the most important events in a person’s life! But it is also one of the most expensive. You can borrow for your wedding to pay for the banquet, food, wedding clothes, and honeymoon with a wedding loan.
2. Vacation Expenses
Go on the vacation of your dreams! Choose a beautiful place and relax in a luxury hotel. A vacation loan will allow you to rest properly and start work with fresh energy.
6. Debt consolidation
You can use a personal loan to consolidate major loans, credit card or other types of debt. Debt consolidation loan is one of the most popular loan purposes among Filipinos.
4. Appliance purchases
Allow yourself the appliances you’ve always dreamed of! You can get a phone loan or a TV loan, buy the best refrigerator, air conditioner, or tablet. Upgrade your gadgets and devices!
Whatever the reasons are, if you default the credit card payment, it will reduce your credit scores. A low credit score and a blemished credit history will make you ineligible for any other loans.
All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 5000 pesos in your bank account
We don't require guarantors representation, documentation, or guarantee deposits.
The service is fully automated
Also read all about
Gadget Loan
It is important for any customer to understand that the assessment of a potential client is based on certain parameters. One of them is the credit history. Bad credit history appears when a person has overdue past loans or has not yet closed them. It is risky for lenders to work with such customers. If they give a loan of 5,000 or 10,000 pesos, they have no guarantee of repayment. For this reason, Digido does a minimum check on the customer and does not lend to a person with large debts. All actions are carried out in accordance with the Philippine law, since Digido is an officially registered financial company. However, if you have minor credit history irregularities, we advise you to apply to Digido for a PHP 5,000 urgent loan . You have a chance, because the approval rate here is very high and the company trusts its customers.
When you take a loan with a bad credit history with quick approval, it is also important to repay it. It is advisable for the lender to tell a specialized office how you pay the fees. This will help you improve your credit score.
Do you know how to
Get online loan without Valid ID
Apply now
Digido Reviews
-
Jako
Efficient, Seamless and Reasonable transaction. First time user. Well done. 😉
-
Efren
I give 5 star in this app. Nice app, very fast approval and they are very professional and the agent is very good. I recommend this app to my friend and family.
-
Erik
Digido is very efficient. The approval is quick as long as you accomplish the requirement. I am totally satisfied, thank you Digido for the prompt assistance.
-
Arnold
It was a very good transaction, fast disbursement and no interest for first time loan. Thank you Digido!
-
Marie
It's my first time. It took just about 5 minutes and I was approved in an instant. Very helpful.
Submit review
FAQ
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Where can I get a 5k loan?
You can choose any of the official lending companies, the most important thing is to make sure that it is under the control of the state. We recommend Digido Lending Company.
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What are the best online loans in Philippines?
The easiest way to get an online loan for a small amount of up to 5,000 pesos and a short term of up to 15 days, such as in Digido. You can apply for a loan online or through a Digido mobile app. In a few hours you will receive the amount you need.
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Is online lending legal in Philippines?
Yes, many companies in the Philippines issue loans legally and have a registration number in the government registry. For example, Digido has SEC Registration No. 202003056. Certificate of Authority No. 1272
Authors
Joshua Morales is the head of Customer Care Dept. and Online Sales Dept. of Digido Finance Corp. creating articles, blogs, and other learning mediums that helps Filipinos struggling on their financial literacy. Joshua also loves Cycling, Photography, Cinematography, Online gaming, Fine Arts, and dreams of becoming a Doctor of Veterinary Medicine.
Mark Anthony is, the Finance and Accounting Manager. of Digido Finance Corp., monitoring and controlling the flow of cash that comes in and out of the company to meet the company’s business needs, preparing the financial reports and analysis of income and expenses, and monitoring tax compliance.
Digido Reviews
-
Jako
Efficient, Seamless and Reasonable transaction. First time user. Well done. 😉
-
Efren
I give 5 star in this app. Nice app, very fast approval and they are very professional and the agent is very good. I recommend this app to my friend and family.
-
Erik
Digido is very efficient. The approval is quick as long as you accomplish the requirement. I am totally satisfied, thank you Digido for the prompt assistance.
-
Arnold
It was a very good transaction, fast disbursement and no interest for first time loan. Thank you Digido!
-
Marie
It's my first time. It took just about 5 minutes and I was approved in an instant. Very helpful.
Submit review
Rating (5/5) 544 voted. Rate us
