Salary Loan Online
Who can get a Digido loan?
Key takeaways:
- Salary loan is a type of loan where the borrower repays the loan and interest in the form of monthly payroll deductions.
- You can get a salary loan from commercial banks or government agencies such as Pag-IBIG, SSS.
- For example, the PAG-IBIG Loan is available to all active fund depositors regardless of occupation.
- Digido does not provide salary loans. But they do offer great deals on fast online loans for all Filipinos.
Having a regular and consistent income in the form of salary imparts an excellent feeling of financial security. It assures you of a sustainable and comfortable life by keeping your financial worries at bay. Life is quite unpredictable; an immediate requirement for money can sprawl from anywhere. It can be an emergency hospital expense or an unavoidable upgrade of your laptop or an unplanned travel. Indeed, your salary alone can’t assure you immunity from all such financial emergencies. But it can protect you from getting into debt traps.Â
In the event of financial emergencies, people often tend to get short term loans with the minimal documentation process. Lenders or banks exploit the borrower’s vulnerability through expensive loans and push him or her to a bottomless pit of liability. Salary loans with low-interest rates and minimal documentation processes are the best tools for salaried individuals to overcome their financial hurdles and to maintain their financial health.
- First loan with 0% interest rate
- Get up to PHP 25,000 in just 4 minutes
- High approval! Over 95% of our loans get the green light!

What is a Salary Loan?Â
Salary loans offer you loans based on your monthly salary. The borrower repays the loan and interest as monthly deductions from his salary paycheck.Â
The loan amount and payment period vary with each lender. For some loans, the loan term can be weeks, but for some, it is as long as 12-36 months. Significant highlights of Salary loans are their easy availability, no requirement for collateral security or guarantor, low-interest rates, and flexible payment options.
Salary loan is a special kind of loan wherein you put your next salary on the line. This is why this type of loan also goes by the name payday advance or cash advance. The usual practice for many Filipinos, especially for those whose salaries are barely able to keep up with their daily needs, is to ask their salaries in advance from their employers or ask money from fellow employees. If neither method works then they would have to resort to a more formal way – a bank or some other type of financial institution will have to provide the loan.
When a salary loan is taken out, the expectation from the lender is that it will be paid on the next date when the borrower’s salary is available. The borrower is to visit the lender and pay the borrowed amount plus whatever interest rate was added to the principal amount.
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Salary Loans and PayDay LoansÂ
People often mistake Salary loans with PayDay loans due to the similarity of the names. But in fact, they are poles apart in their nature and characteristics. Payday loans are ultrafast loans to manage an emergency financial situation till your next payday. Typically the loan amount will be small, but the interest rate would be quite high. These loans require a one-time settlement, usually within a few days.
On the other hand, Salary loans carry the conventional attributes of “Good Loans”. Anyone with a regular monthly income can loan against their salary with minimal interest rates and monthly repayments. Even though you can use the loan to overcome your temporary crisis, its repayment won’t impose too much strain on your financial liberties. Easy availability of loans and the ability to maintain the quality of life, even with regular loan repayment, make Salary loans one of the most popular financial products throughout the Philippines.Â
What is the best online loan in Philippines?
We always recommend Digido. But does Digido provide salary loans?
Digido has established its presence throughout the Philippines with its 100+ branches and a fully fledged online portal. For the significant number of Filipinos, who prefer conventional banking, Digido professions with exceptional customer service skills are a bliss. They provide the customers with accurate information about each financial product and help them choose the most appropriate one. Fully automated loan approval system allows millions to get loans from their comforts around the clock, throughout the year without any requirements of lengthy travel or inconveniences.
Digido does not provide exclusive Salary loans. But they outshine their competitors by adopting a sensitive approach towards the requirements of Filipinos from all walks of life. For instance, we provide loans with a repayment of 30 days for everyone with a regular monthly income irrespective of your employment or trade nature. The loan is open for public sector employees, private employees, professionals, self-employed individuals, and freelancers.
The loan doesn’t require any formal recommendations from your employer, and it helps one maintain the confidentiality of his or her finances. The Gig economy is thriving across the world. Digido encourages freelancers to explore its true potential by offering inexpensive salary loans to meet their financial emergencies.
Minimum loan amount | 10,500 PHP |
Maximum loan amount | 25,000 PHP |
Payment terms | 3 to 6 months |
Interest rates | 11.9% per month |
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