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Getting a loan without a bank account in the Philippines

Last updated: April 11, 2024
Written by: Digido Financial Writers Team | Reviewed by: Anna Kireeva

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.
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

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 a few minutes!

Get a loan without a Bank Account at Digido
  • Only 1 Valid ID needed to Apply
  • First loan with 0% interest rate
  • Fast approval in 5 minutes

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.

  1. 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.
  2. 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.
  3. 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.


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 now

It’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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Advantages of Digido Loans

5-6 Loans

Everyone and their mother has heard of 5-6 loans. 5-6 loans are quick cash loans that do not need a bank account and do not even require an app to flourish. You can find this in virtually every Filipino neighborhood.

If online lending apps have little requirements and can be granted within an hour, the process is faster when it comes to 5-6 loans. Oftentimes, all you need to do is find your neighborhood lender, ask for a loan, accept the loan amount, and give a collateral if needed.

But 5-6 loans have their fair share of drawbacks too. This practice is a favorite of loan sharks because of how predatory it is. Predatory lenders can charge high interest rates as they see fit, not to mention the numerous surprise extra charges such as “for late repayments” or “processing fees”.

If you are a borrower, try to avoid 5-6 loans as much as possible. There are better and more secure options out there.

Relatives and friends

You know what they say: blood is thicker than water.

There is a reason why Filipinos almost always will turn towards family members in times of crisis. Due to strong filial piety and collectivist culture, Filipinos are expected to help a family member who is struggling financially.

Family members have virtually no requirements before giving out a loan: you are not required to submit any proof of identity or income, you are not required to put down a collateral, and loan terms are so lenient that it will look like free and easy money from the outside looking in.

Perhaps most importantly, family members will not ask for a bank account as proof of repayment before giving out a loan. A bank account will only be used as a means to disburse the money, and nowadays even e-wallets can fill this purpose. Heck, they can just give you the money outright in person!

For example, parents and siblings will pool together money to send a child to college (Instead of getting a student loan), or someone will ask for quick cash loans even from distant relatives in times of medical emergencies or natural disasters.

In fact, it is commonly expected for well-off Filipinos (or even those who are earning just above the minimum wage) to financially support family members who are not earning enough.

It is a deeply-rooted and entrenched aspect of Filipino life that has resulted in numerous triumphs as well as disputes when one feels short-handed by family members. These disputes can become disastrous in the long run: it is no longer foreign for Filipinos to hear about families falling out because of money. From loans that have yet to be repaid to unclaimed inheritance, the list goes on and on and on.

Another drawback to this practice is that family members can feel the burnout of bailing out a family member who always finds himself in a financial pitfall. Nobody wants to be known or perceived as the “piggy bank” of somebody who is financially irresponsible. At some point, people will have enough and just cut ties from “parasitic” family members altogether.

Friends can also help you in times of financial need, but be careful about asking for too much. Just like family members, you wouldn’t want to give them the impression that you are just taking advantage of their generosity.

How to apply for a Digido loan

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Fast cash loans without a bank account

To get an online loan without a bank account in the Philippines, you need to:

  • Be at least 21 years old and a citizen of the Philippines; 
  • have a valid mobile phone number
  • Have a valid ID 

A distinctive feature of the system is that it can provide funds even to those who could not hope for financial assistance. This category includes:

  • Applicants with little or bad credit history 
  • citizens with a criminal background
  • members of multi-children families; 
  • Those who don’t have full-time jobs 
  • pensioners. 

The principle of work is the following:

  • A cash loan without a bank account needed is drawn up on the website. 
  • After receiving an approval in the appropriate section you can find the points of issuing money. 
  • Go to the selected address to cash out the funds.
Minimum loan amount 10,500 PHP
Maximum loan amount 25,000 PHP
Payment terms 3 to 6 months
Interest rates 11.9% per month

Calculate your pre-approved loan amount with Digido calculator:

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.

Personal loan without credit card in the Philippines

If you do not have a credit card, this will not prevent you from taking out a quick loan. Digido provides many options for getting urgent money. Your credit history also is not important if you want to get a loan in Digido. Credit money online with quick approval is a good alternative to bank loans.

The benefits of borrowing money in cash:

  1. no need to open a bank account; 
  2. no need to get a credit card; 
  3. favorable interest rates; 
  4. no credit history check;
  5. you don’t have to wait for a separation pay or other award.

You do not need to provide a lot of documents and confirm the solvency for getting a fast loan in 15 minutes with no bank account in the Philippines.

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Repayment of online loan without valid ID

You can choose the most suitable and convenient option for you to repay the loan online without a bank account:

  1. repay the debt from the card of any bank; 
  2. Repay the loan with one of the payment systems, for example GCash e-wallet
  3. pay the amount in one of the ATMs (by card or in cash); 
  4. pay off the debt directly in the office of the financial organization.


If you need a quick loan but don’t have a bank account, download the Digido app now! No need to waste your time lining up and collecting documents. 

The loan process is simple: you need to enter your personal account, click on the appropriate section, enter your payment details and wait for the notification that the funds have been credited.

Loans Online without a bank Account
at 0% interest rate


  • 🟣 How to get a loan without a bank account?
    After completing Digido application form in their website or mobile app, indicate a convenient form of receipt of money — bank account or e-wallet.
  • 🟣 Are Online Loans Legit?
    Yes, many companies in the Philippines issue loans legally and have a registration number in the government registry.
  • 🟣 How Do Online Cash Loans In The Philippines Work?
    More often than not, you can apply for a quick loan online at the company's website. You will need 1 valid ID. The amount will go to your account or you can get it at the company's offices.
Disclaimer and Editor’s note


Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.
Anna Kireeva
Author pages:
Anna is a marketing communications professional who specializes in digital marketing strategies and long-form content.

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