Sometimes, we run out of budget to pay for emergency expenses. However, applying for a loan can be difficult if you do not have documents. Let’s take a look at some of the online loans with one-hour approval or less.
FinBro
It is one of the few loan companies that offer up to Php 50,000 to people who want to borrow money. You can get approved in about 10 minutes but it can take up to 1 working day depending on their evaluation.
Tenor: up to 12 months
Requirement: 1 ID and a selfie
DigiDo
It is one of the many loan companies that has both a website and app where you can apply to borrow money. You can get up to Php 25,000 for any emergency expenses that you may have.
Tenor: up to 12 months
Requirements: 1 Valid ID, submission of some proof of income document like ITR
Credum
It has one of the fastest application time of only 5 minutes. The approval may vary of course because you also need to submit documents. You may pay the loan up to 36 months or 3 years.
Tenor: 36 months
Requirements: Valid ID, proof of income
Now that you have the choices, you can borrow money anytime when you apply online. Expect the approval within 1 hour or less. But take note that you may experience a delay depending on your background check results.