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MoneyCat
1 000 PhP. Return
1 000 PhP. Take
0 PhP. Overpayment
First loan: Maximum amount: Loan term:
500 - 20 000 PhP 20 000 PhP 90-180 days
0.00% interest rate for new clients
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DiGiDo
1 000 PhP. Return
1 000 PhP. Take
0 PhP. Overpayment
First loan: Maximum amount: Loan term:
1000 - 10 000 PhP 25 000 PhP 90-180 days
0.00% interest rate for new clients
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1 000 PhP. Return
1 000 PhP. Take
0 PhP. Overpayment
First loan: Maximum amount: Loan term:
1 000 - 30 000 PhP 30 000 PhP 90 - 720 days
0.00% interest rate for new clients
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Best Choice
DiGiDo
1 000 PhP. Return
1 000 PhP. Take
0 PhP. Overpayment
First loan: Maximum amount: Loan term:
1000 - 10 000 PhP 25 000 PhP 90-180 days
0.00% interest rate for new clients
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96% Approved
UnaCash CreditLine
1 000 PhP. Return
1 000 PhP. Take
0 PhP. Overpayment
First loan: Maximum amount: Loan term:
2 000 - 50 000 PhP 50 000 PhP 61-180 days
0.00% interest rate for new clients
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1 170 PhP. Return
1 000 PhP. Take
170 PhP. Overpayment
First loan: Maximum amount: Loan term:
500 - 25 000 PhP 25 000 PhP 60 - 180 days
0.16% interest rate for new clients
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Loan at 0 percent for 60 days

There are a large number of microfinance companies in the Philippine lending market, and each of them seeks to attract as many borrowers as possible by offering a variety of promotions and favorable conditions. One such offer is a loan at 0 percent for 60 days. This service can only be used by new clients who have not previously received a loan from a particular MFI.

Why microfinance organizations issue a loan at 0 percent for two months

Interest-free lending conditions are valid only for new customers. When applying again to the same MFI, a person will receive a loan on general terms. Offering to take a loan 0 for 2 months, microfinance companies pursue the following goals:

  • attracting new borrowers who may become permanent in the future;
  • creating advertising and a positive image;
  • increasing customer loyalty - having received a loan at 0 for a month, the client will leave good reviews about the company, recommend it to his friends.

For the client, this is a real opportunity to get a loan without overpayment. When you take out an interest-free loan, you return exactly the same amount that was accrued to you.

Not all microfinance organizations offer a loan at 0 for 60 days on credit. We have collected for you real offers from MFIs, among the services of which there is interest-free lending for new clients. All of them are available for online registration.

Features of obtaining a loan at 0 percent for 2 months

Under interest-free programs, funds are not issued for a long time. The maximum loan period is 60 days. According to the terms of using the loan, the client is obliged to repay the debt in full before the deadline specified in the agreement. Having issued a loan without interest for 60 days, exactly in a month you are obliged to deposit into the account the same amount that you received.

If the borrower allows a delay or decides to use the prolongation service, then according to the terms of the agreement, the loan ceases to be interest-free. If after 60 days the necessary amount has not been deposited into the account to repay the debt, the lender will accrue interest for the entire period of using the loan.

In this case, an interest rate is assigned, which, as a rule, is 1% per day (some MFIs have different rates - to find out its size, you need to read the terms of the agreement). Fines and late fees may also be charged, so it is recommended to make payments on time.

Carefully study the contract after receiving a positive decision on the application. It always specifies the conditions for using an interest-free loan.

Who is eligible for a loan at 0 percent for 60 days

Citizens over 18 years of age can become a client of a microfinance company and receive a loan for 60 days without interest. Most MFIs do not set upper age limits by issuing interest-free loans to pensioners.

Standard requirements for borrowers are always minimal and are as follows:

  • the presence of a passport of a citizen of the Philippines - apart from it, no other documents are required;
  • have a valid phone number;
  • citizenship of the Philippines, permanent registration, place of residence does not matter, since the application can be submitted from any city;
  • availability of a source of income - citizens who are not officially employed can receive an interest-free loan if they have another source of income, for example, a pension.

Microcredit is available even to customers with a negative credit history. They can also be given money online on general terms. In addition, if you have a bad credit history, obtaining a loan and its successful repayment will improve your credit history, thanks to which many other loan offers will become available in the future, and you can also get an automatic microloan on a card.

Keep in mind that only new customers can get a loan for 60 days at zero interest. If you again need borrowed funds, then you have the opportunity to choose another lender who issued free microloans. Apply and wait for a decision. If you meet the requirements of a particular microfinance company, the money will be issued to you without refusal. Many online lending services offer interest-free loans, which means that you can regularly apply to different MFIs and use borrowed funds for free all the time.

It will take only 10 seconds for us to send your application to 8 financial institutions in the Philippines

A single online loan application for all financial institutions in the country. Fill in a short form of a single online loan application in a minute. For free, we will select suitable partners, who are ready to issue a loan to you, and we will send them your data for consideration. You will get approval and money from one or several companies today!

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