Getting a loan without a bank account in the Philippines
Who can get a Digido loan?
Key takeaways:
- You can get a cash loan in the Philippines even without a bank account.
- Apply for a loan from Digido and pick up your money online e.g. with a GCash.
- Online transfers are widely used in the Philippines and are very convenient.
- Digido approves over 94% of loan applications.
Applying for a loan here in the Philippines does not have to be hard, even if you don’t have a bank account.
Given the fact that the majority of Filipinos are unbanked and untapped by the formal banking industry, private and informal lenders have stepped up and are offering loans without the need of a bank account. These lenders can just easily disburse the loan amount through an e-wallet, a payment partner, or even in person.
If you urgently need money, you can always turn to private lenders for online loans especially if you don’t have a bank account. This lending system is gaining popularity in the Philippines – the lender guarantees quick loans even without a bank account! No discharge from work, no collateral needed and with the possibility to get cash within an hour!
- Bank transfer, Remittance centre, 7-Eleven, Offline branches, Dragonpay
- In only 4 minutes you can Receive Up to PHP 25,000

Can I really get a loan without a bank account in the Philippines?
You can still apply for and get an online loan in the Philippines without a bank account. Considering that the majority of Filipinos remain unbanked, it is only common sense that lenders will caHowever, your loan options might be limited.
Having a bank account shows that you are somehow financially independent, which banks and other financial institutions take into account in terms of loans. A bank account will give them the confidence that you will be able to repay your loan in due time. Some lenders will even consider that as a form of collateral.
If you don’t have a bank account, lenders might only allow you to apply for short-term loans with smaller amounts and higher interest rates and/or collateral.
If you don’t have a bank account and you’re worried about how to get your money, private lenders will disburse your loan amount to your e-wallet or through your account in an online lending app.
If you’re comfortable with these caveats, go ahead and apply for a loan. Otherwise, it’s still much better to have a bank account. It is a safe and secure way to store money and provides you a buffer for emergencies and urgent expenses.
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Why lenders request a bank account
Lenders will often request a bank account from loan applicants in order to assess the latter’s ability to repay a loan. This will be used as a show or proof of money of some sorts.
- Having a bank account will help convince lenders that you will be able to repay your loan on time. In short, having a bank account means that you can stand on your own feet financially.
- A bank account can also reflect constant income streams which will help if you need to show bank transactions or statements to a lender. That’s why it’s more difficult to apply for a loan if you’re unemployed and have no bank account in the Philippines.
- Finally, a bank account can also be used as a collateral in some loans, though this practice is considered risky as unscrupulous lenders can drain your account as repayment if you don’t meet the loan terms.
If you don’t have a bank account, all hope is not lost yet. Fortunately for you, there are lending apps which offer online loans even without bank accounts in the Philippines. You can’t find loan providers in the Philippines with no requirements, but you can find lenders that don’t require bank accounts.
You just need to submit an online application form along with requirements such as IDs, proof of address and income, and your loan amount will be disbursed through the app or your chosen e-wallet or payment partner.
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Where can I borrow money without a bank account?
You’d be hard pressed to find banks and government agencies that will grant you quick cash loans without a bank account here in the Philippines.
On the other hand, there are alternative lenders such as pawnshops, online lending apps, and even your own relatives and friends that will gladly extend you a loan without needing a bank account.
Pawnshops
Pawn shops technically do not offer loans, but you can pawn off some of your valuable goods in exchange for money. Pawn shops will gladly accept jewelry, laptops, smartphones, and other goods if you need some quick cash. The amount of money that will be given to you will depend on the appraised value of the item.
Pawn shops have virtually no requirement for quick cash, except for proof of identity and the item that you’re going to pawn off.
❗ Pawn shops in the Philippines do not require people to have bank accounts! Instead, pawn shops will just give their customers the money that they need upon appraising the pawnable item.
If you won’t be able to retrieve your item from a pawn shop, they will auction off your item to retrieve the “loaned” amount.
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Online lending apps
Good news for those without bank accounts yet always have their smartphones at hand! Online lending apps in the Philippines offer cash loans in an hour even without a bank account!
Online lending apps do not require people to have a bank account before applying for a loan. Instead, these apps will give you the choice of where to disburse your loan amount: to your own bank account, to your e-wallet, or through the app itself.
These apps also have less stringent loan requirements. All you will need is your IDs, proof of address, proof of income, and co-maker or loan reference if applicable.
For example Digido’s automated system checks loan applications and information of a client within 10-15 minutes and promptly issues an online loan Philippines without a bank account. If you do not have a bank account, it is not a problem! We can transfer funds to a card of any bank or you can get money in cash.
Digido offers online cash loans without a bank account to anyone who has reached the age of majority and is a citizen of the Philippines! To get an easy cash loan online without a bank account, it is enough to confirm the accrual of funds for the specified details and cash out a loan in any available point of the country such as GCash, 7 Eleven, etc. Digido Loan Approval Guarantee – 95%!
Apply nowIt’s very simple to get an online loan without valid ID on the Digido website. Digido issues online loans without a bank account even to those whose credit rating leaves much to be desired. So if you need a quick cash loan without a bank account, download the Digido app and apply for a loan now! You can also find other company for loans for the unemployed with no bank account in the Philippines.
If you have not repaid past loans in time, it does not matter. The service offers personal loans without a bank account even for people with a bad credit history. The main thing is not to miss the payment of debt in the future.
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