Credits in the Philippines

Information regarding the lenders - SOSCREDIT

Address: Philippines

Phone number: -


Max APR: 180%

Term: 3 months - 1 year

Age: 20 - 70

Cost example: Loan of 2400 ₱ for 3 months, monthly payment 870 ₱, total amount 2610 ₱, annual percentage rate APR 145%. - DIGIDO FINANCE CORP.

Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines 1109

Phone number: (02) 8876 84 84


Max APR: 59.9%

Term: 62 days - 6 months

Age: 21 - 70

Cost example: Cost example: Loan of 11000 ₱ for 3 months, monthly payment 6350.67 ₱, total amount 19052 ₱, annual percentage rate APR 59.9%

In the fast-paced world, we live in, quick access to money can be essential for meeting various financial needs. That's why online credits in the Philippines have emerged as a convenient solution, offering numerous advantages over traditional lending institutions. The online process allows you to apply for credit from the comfort of your own home, eliminating the need for lengthy paperwork or multiple visits to a physical bank branch. It's a streamlined experience that provides instant decisions and fast fund disbursement, ensuring that you have access to the funds you need when you need them. 

However, with numerous lenders and credit options available in the market, it can be overwhelming to navigate through the choices and find the right credit solution that meets your specific needs. That's where comes in. Our platform simplifies the process by providing a user-friendly interface that allows you to compare various credit offers side by side. We understand the importance of finding the best credit option that aligns with your requirements and financial capabilities. At, our goal is to empower you with the information you need to make an informed decision. 

Choosing the most suitable option: conditions of credits in the Philippines 

We believe that transparency and access to reliable information are crucial when it comes to choosing the right credit option. With our comprehensive credit comparison service, you can easily compare the terms and conditions of different lenders, ensuring that you find the most suitable credit solution for your specific needs. Here are the key credit conditions you should be aware of: 

  • Loan Amounts: Lenders on our platform offer credit amounts ranging from ₱1000 to ₱25000. This allows you to choose a credit that meets your specific financial needs, whether it's for a small expense or a larger investment. 
  • Repayment Period: The repayment period for credits in the Philippines typically ranges from 62 days to 12 months. This flexibility allows you to select a repayment term that suits your budget and repayment capabilities. 
  • Interest Rates: One of the significant advantages of using our credit comparison service is that you can access the best interest rates available. The first loan you take comes with an interest rate of 0%. However, the maximum annual interest rate for subsequent credits (Max APR) can reach up to 180% and is determined on an individual basis. It's essential to review and compare the interest rates offered by different lenders to ensure you choose the most favorable option. 

To better understand how credits in the Philippines are calculated, let's consider an example. Suppose you wish to borrow ₱2400 for a period of 3 months, with a monthly payment of ₱870. In this case, the total amount to be repaid at the end of the credit term would be ₱2610. The annual percentage rate (APR) for this credit would be calculated at 145%. 

Requirements for credit applicants in the Philippines 

To ensure a smooth credit application process, it's important to be aware of the requirements set by lenders. At, we aim to simplify the process by providing you with the necessary information. Here are the common requirements for credit applicants: 

  • Age: Applicants must be between 20 and 70 years old. This ensures that individuals applying for credit are of legal age and can enter into a financial agreement. 
  • Citizenship and valid ID: To qualify for credit, you must be a citizen of the Philippines. Lenders also require a valid identification document, such as a government-issued ID or passport, to verify your citizenship and identity. 
  • Stable source of income: Lenders need assurance that you have a stable source of income to repay the credit. This is usually supported by relevant documentation, such as payslips, employment certificates, or business permits, depending on your employment status. 
  • Active bank account or valid bank card: Having an active bank account or a valid bank card is necessary for the disbursement of funds and repayment transactions. This allows for seamless transactions between you and the lender. 
  • Valid phone number: Lenders require a valid phone number to establish communication and keep you updated throughout the credit application process. 

It's important to note that specific lenders may have additional requirements or variations in their criteria. 

Risks of credit default 

While obtaining credit can be a helpful financial tool, it's essential to understand the risks involved, particularly the consequences of credit debt. Defaulting on a credit agreement occurs when a borrower fails to repay the borrowed amount and associated interest within the agreed-upon terms. Here are some risks associated with credit debt: 

  • Negative impact on credit score: Failing to repay a credit can have a detrimental effect on your credit score. Defaulting on a credit agreement will be recorded in your credit history, making it more challenging to obtain credit in the future. 
  • Accumulation of additional fees: Defaulting on credit can result in additional charges being imposed by the lender. These may include late payment fees, penalty interest rates, and collection charges, increasing the overall debt burden. 
  • Legal consequences: Persistent non-payment of credit can lead the lender to take legal action to recover the debt. This can result in court proceedings, asset seizure, or wage garnishment, further exacerbating your financial situation. 

It is crucial to borrow responsibly and make timely repayments. Assess your financial capacity to ensure you can comfortably meet the repayment obligations before taking on any credit. If you encounter difficulties in repayment, it's recommended to communicate with the lender promptly. Many lenders are willing to work with borrowers to find alternative solutions, such as loan restructuring or revised repayment plans. is your trusted partner in finding the best credits in the Philippines. Our user-friendly platform allows you to compare various lenders, ensuring that you make an informed decision based on your unique financial needs. But we do not issue the funds and we are not a microfinance institution.