With quick online application, guaranteed approval with no credit checking, and fast cash loan disbursement, salary loans can help cash-strapped Filipinos meet their financial needs—more so when it’s petsa de peligro and there’s an emergency, like a sudden hospitalization in the family or overdue bills.
Before shopping for options, ensure you're well-informed about salary loans in the Philippines. Learn more about these loans and which options to consider for financial emergencies.
What is a Salary Loan?
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A salary loan is a type of loan borrowers can get to make ends meet or finance a significant expense (e.g., tuition, medical bills, and other emergency purposes) before their next paycheck.
Also called online loans or quick cash loans, salary loans are easier and faster to get than traditional loans. Simply apply and submit a few requirements online and then receive the money within 24 hours.
Salary loans are usually based on the borrower's gross monthly salary and should be paid off over a fixed period.
Unlike loans from pawnshops, salary loans don't require any collateral. But they usually have higher interest rates, lower loanable amounts, and shorter repayment terms. However, note that salary loan providers offer lower rates and longer terms than loan sharks.
15 Salary Loans in the Philippines to Consider for Financial Emergencies
Here's a table showing a quick comparison of the best salary loans in the Philippines:
Many formal and informal lenders offer salary loans in the Philippines. Be warned: some lenders charge extremely high interest rates, making you pay almost double your loan amount.
To help you avoid loan sharks or predatory lenders, we've listed some options for the best cash loans in the Philippines. These short-term loans have reasonable interest rates, fast approval and funding times, and positive customer feedback. They come from different legitimate sources such as the government, banks, or legitimate financial and lending companies licensed by the Securities and Exchange Commission (SEC).[1]
📌 Salary Loan from SSS
The most availed type of SSS loan, the SSS Salary Loan makes borrowing affordable for its members with its low salary loan interest rate of 10% per annum. It's also one of the salary loans in the Philippines with the longest repayment terms—two years in 24 monthly installments.
SSS members can apply for a salary loan at any SSS branch or online through the My.SSS facility.
SSS Salary Loan Features
- Convenient salary loan online application via the My.SSS facility
- Loan amount of up to two months’ worth of salary
- 10% loan interest rate per annum
- Requires the use of PRN (Payment Reference Number) for loan repayments
- Release of loan proceeds through the UMID-ATM (with EMV capability) card or any active SSS-accredited bank account
- Loan approval in 60 seconds + 5 clicks for self-employed, voluntary, and OFW members
Who Can Apply for an SSS Salary Loan?
- All SSS members (including employees, self-employed individuals, OFWs, and kasambahays) with at least 36 or 72 posted monthly contributions, six of which are within the last 12 months before the month of the loan application
- Under 65 years old at the time of loan application
- Has not been granted any final SSS benefit such as retirement benefit or permanent disability benefit
- For employed members: Employer must be updated in the payment of SSS contributions and loan repayments
What are the SSS Salary Loan Requirements?
If you file your salary loan for SSS online, just create an online account through the My.SSS portal. No need to submit any documents because your SSS membership records are already verified through its online facility.
However, if you apply for a salary loan at an SSS branch, you should present two valid IDs and an accomplished member loan application form.[2]
How to Apply for an SSS Salary Loan Online
- Register for a My.SSS account (refer to the SSS Online Registration Guide here).
- Log in to the My.SSS portal.
- Click Loans and Apply for Salary Loan.
- Fill out the SSS Salary Loan online application form and upload the required documents.
- Wait for an email or SMS confirmation of your loan approval. If your SSS Salary Loan application is approved, you'll receive a Disclosure Statement. If you receive a Rejection Notice, you're declined for a loan from the SSS.
📌 Tala Loan
Are you looking for the fastest salary loan in the Philippines? Check out Tala, which offers instant loans via its mobile app.
Borrow up to ₱25,000 instantly and choose a repayment date of up to 61 days to help you manage your financial obligations better. Just download the Tala app and answer a few questions―no documents or bank accounts are required.
Tala Loan Features
- Convenient, on-the-go loan application via the Tala app
- Up to ₱25,000 loan amount
- Very few requirements
- Loan approval in under five minutes
- Trusted and secure transactions with SSL encryptions
- Easy cash disbursement and loan repayment options
- Flat fees as low as 0.5%
Who Can Apply For a Tala Loan?
Filipinos aged 18 and above with an Android smartphone can apply for salary loans from Tala Philippines.
What are the Tala Loan Requirements?
- Android phone
- Tala Loan app
- Valid ID
How to Apply for a Tala Loan Online
- Download the Tala app from the Google Play store.
- Open the app and click Apply Now.
- Fill out the loan application form and submit your application.
- Select your preferred loan amount and the repayment period.
- Confirm your loan amount and receive your details in your email.
📌 Employee Salary Advance or eSALAD from Security Bank
eSALAD is a digital loan facility that allows employees of eSALAD-accredited companies to advance their next salary quickly and conveniently. This Salary Advance Loan provides short-term financing to regular employees.
Once enrolled, you can avail of this salary loan simply by texting. Then receive your Security Bank salary loan proceeds in your payroll account.
Security Bank Employee Salary Advance Loan Features
- Quick disbursement of loan proceeds
- Loan repayments through automatic salary deduction twice a month
- Loan amount of ₱10,000 to ₱2 million depending on borrower’s payroll salary credits
- Repayment period of up to 36 months
- Payment due date based on the payroll cut-off dates
Who Can Apply for eSALAD?
- Employees of eSalad-accredited companies
- Regular employment status with at least six months of employment tenure
- 21 to 65 years old
- Has at least a net monthly income of ₱7,000
How to Apply for a Security Bank Salary Advance Loan
Once enrolled, SBC Payroll Clients can avail of eSALAD by doing the following:
- Text your desired loan amount and loan term to 225657721 in this format: ESALAD [space] AMOUNT [space] Number of Deductions
- For example, if you're availing of a Salary Advance Loan worth ₱10,000 in six bi-monthly installments (three-month loan term), text ESALAD 10000 6.
- Wait for a text confirmation of your salary loan approval.
You can also apply via Security Bank's Facebook Messenger.
To learn more about Security Bank eSALAD interest rates and other applicable fees and charges, call the SBF Customer Service Hotline at (02) 8887-9188.
📌 Vidalia Salary Loan
Vidalia Lending Corp. is a peer-to-peer lending platform providing Filipinos with personal, small business, and salary loans since 2008. This salary loan lending company in the Philippines is one of the great options if you're looking to borrow money without collateral from a legitimate private lender.
Vidalia Salary Loan Features
- Available to both employed and self-employed borrowers
- Loan amounts of up to ₱50,000
- Repayment terms of up to 12 months
- Convenient online application process
- Loan proceeds through bank transfer or office pick-up
- Loan repayments via debit from a bank account or post-dated checks
Who Can Apply for a Vidalia Salary Loan?
- Filipino citizens
- 20 to 60 years old
- Monthly net income of ₱15,000 for employees with regular status and ₱30,000 for self-employed applicants
What are the Vidalia Loan Requirements?
- Two valid IDs
- Latest two-month payslips
- Certificate of Employment with Compensation
- Proof of billing
How to Apply Online for a Vidalia Salary Loan
- Register for a Vidalia account online by visiting https://app.vidalia.com.ph/login.[3]
- Complete your online profile by providing your personal information, source of income, and bank details.
- Submit the required documents.
- The credit evaluation team will review your application.
- Once approved, you can pick up your check at the Vidalia office or transfer the funds to your bank account.
📌 Cash Mart Salary Loan
Cash Mart Philippines is owned by a leading Singaporean online lending company providing quick cash loan services for almost 50 years. It's SEC-registered with an office in Taguig City.
Cash Mart offers a 1-day release salary loan in the Philippines if you want quick loan processing, approval, and disbursement.
Cash Mart Salary Loan Features
- Straightforward salary loan online application process
- Loan amounts of up to ₱50,000
- Interest rates of 0.0571% to 0.8% per day, depending on the term
- Convenient and secure access to funds via its partner banks
- Many loan repayment channels to choose from: Bayad Center, 7-Eleven, LBC, Cebuana Lhuillier, Robinsons Malls, SM Supermalls, etc.
Who Can Apply For a Cash Mart Loan?
- Filipino citizens residing in the Philippines
- 21 to 50 years old
- Employed, self-employed, OFW/Seafarer’s Allottee
What are the Cash Mart Loan Requirements?
- One valid government-issued ID
- Latest one-month payslip/statement of account
- Latest proof of billing
How to Apply For a Cash Mart Salary Loan Online
- Fill out the online salary loan application form on the Cash Mart website.[4]
- Wait for a call from a Cash Mart loan officer to verify your eligibility and documents.
- Sign the contract and wait for the fund to be deposited into your bank account.
📌 Maybank Salary Loan
Maybank may not be a top-of-mind option for employers and employees regarding loans. But it has a good salary loan for private employees. Its salary loan helps employers empower employees while encouraging them to get a personal loan with a convenient payment scheme.
Maybank Salary Loan Features
- Loan amount of ₱15,000 to ₱500,000
- Flexible payment terms of 12 to 36 months
- Employees can loan up to five times their monthly salary without a co-maker
- Repayments through salary deduction
- Fixed interest rates
Who Can Apply for a Maybank Salary Loan?
- Permanent and regular employees of a Maybank-accredited company
- At least 23 years old at the time of availment, but not more than 57 upon salary loan application
- If the work tenure is two years, the gross monthly salary should be ₱10,000; if with one-year work tenure, ₱15,000
- Must not have any pending administrative cases with the company
What are the Maybank Salary Loan Requirements?
- Duly accomplished application form
- One-month original payslip or Certificate of Employment with Compensation
- Photocopy of at least one-year ITR or BIR Form 2316
- Photocopy of company ID or government-issued ID with three specimen signatures
How to Apply for a Maybank Salary Loan?
- Fill out an application form. You can download it via Maybank’s website.[5]
- Wait for an email or SMS confirmation of your loan approval.
- You may contact (02) 8588-3718 to know the status of your application.
📌 Sterling Bank of Asia AvanceCash Salary Loan
Another bank salary loan in the Philippines you can apply for is Sterling Bank of Asia’s AvanceCash Salary Loan. This loan is perfect for employees with a minimum monthly income of ₱9,000, as long as the company they’re working for is accredited by the bank.
Sterling Bank of Asia AvanceCash Salary Loan Features
- Loan amounts of ₱10,000 to ₱50,000
- Flexible payment terms of three to six months
- Easy online application
- Repayments through salary deduction
- Competitive interest rates
- No collateral
Who Can Apply for a Sterling Bank Asia AvanceCash Salary Loan?
- Filipino citizen
- 21 to 60 years old
- Working at a company accredited by Sterling Bank of Asia
- Regularly employed for at least seven months
- Minimum gross monthly income of ₱11,000 (for Metro Manila) and ₱9,000 (for outside Metro Manila)
- No adverse credit records
What are the Sterling Bank of Asia AvanceCash Salary Loan Requirements?
- A Sterling Bank deposit account
- Duly accomplished AvanceCash web application form[6]
- Promissory Note and Disclosure Statement (PNDS) with digital signature
- Copy of one-month payslip, company ID, and government-issued ID (with three specimen signatures)
- BIR Form 2316
How to Apply for a Sterling Bank of Asia AvanceCash Salary Loan?
- Simply accomplish the web application form and upload all the required documents, including your selfie and e-signature.
- Submit your application for processing, verification, and approval.
📌 BPI Salary Loan
Another good option for a salary loan for private employees is the BPI Salary Loan.[7] Employees of BPI-accredited companies can avail of this salary loan to help with their extra cash needs, minus the hassle of lengthy loan application processes.
BPI Salary Loan Features
- Loan amounts of ₱10,000 to ₱1 million
- Exclusive low monthly add-on rate
- Installment terms of up to 36 months
- Minimal loan requirements
What are the BPI Salary Loan Requirements?
- Accomplished and signed BPI Salary Loan Application Form
- Copy of your company ID or a valid government-issued ID
- Latest payslips (three months) or latest Certificate of Employment or ITR
How to Apply for a BPI Salary Loan?
- Check with your HR Department if your company is an accredited partner to avail of the BPI Salary Loan.
- If so, submit the loan application requirements to your HR representative.
- Wait for the SMS notification regarding your salary loan application status.
Related reading: BPI Personal Loan Application: What to Prepare and How to Apply
📌 Metrobank Payroll Cash Advance
Always have cash when you need it with the Metrobank Payroll Cash Advance. Through this service in partnership with PSBank, select Metrobank Payroll Customers can easily avail of short-term loans from a pre-determined cash advance line.
This ATM salary loan in the Philippines allows you to advance a portion of your salary at any PSBank or Metrobank ATM in the country.
Metrobank Payroll Cash Advance Features
- No application forms are required―avail of your pre-approved cash advance immediately
- Pre-approved cash advance limit varies and is based on the customer’s average net payroll credits in the past six months
- Withdraw your cash advance anytime at any Metrobank or PSBank ATMs in the Philippines
- Only ₱125 transaction fee per Payroll Cash Advance transaction
- Loan repayment via salary deduction
Metrobank Payroll Cash Advance Requirements
To be eligible for this salary loan facility, borrowers should have a payroll account with Metrobank and a notice of eligibility via SMS or email.
How to Apply for a Metrobank Payroll Cash Advance
- Read the terms and conditions after receiving the email or SMS that you’re qualified for the Payroll Cash Advance.[8].
- Proceed to any PSBank or Metrobank ATM to avail of the Payroll Cash Advance.
Read more:
- PSBank Flexi Personal Loan: What You Need to Know Before You Apply
- How to Start Your Metrobank Personal Loan Application
📌 Asteria Salary Loan
If you’re short on cash and need money fast, the Asteria Salary Loan can be the solution. Its application process is quick and easy; you can do it all online.
Asteria is a licensed lender in the Philippines. Its high approval rates also indicate that they can help you get approved for any loan you’re applying for. You can get notified within minutes regarding the status of your application. Plus, there are no hidden charges.
Asteria Loan Features
- Loan amounts of ₱2,000 to ₱20,000
- Interest rate of 0.9% per day
- Duration and repayment options:
- 61 days: four installments (15th, 30th, 45th, and 61st day)
- 10 weeks: five installments (15th, 30th, 45th60th, and 75th day)
- 12 weeks: six installments (15th, 30th, 45th, 60th, 75th, and 90th day)
Who Can Apply for an Asteria Salary Loan?
- Filipino citizens
- At least 21 years old
- Must be currently employed
Asteria Salary Loan Requirements
- Valid government-issued ID
- Company ID
- Latest payslip
- Proof of address/billing
- For taxi drivers: Driver’s License, company ID, TODA document, OR/CR
How to Apply for an Asteria Salary Loan?
- On the Asteria website, click Apply Now.
- Fill out the online application form.
- Upload/attach the required documents.
- Submit the application form.
- Once approved, the funds will be available in your bank account shortly.
📌 Blend PH Salary Loan
Like the other banks on this list that provide credit lines to employees, Blend.ph also offers salary loans to its partner companies. Eligible employees can activate these credit lines anytime with guaranteed approval.
Because of its easy application, short terms, and low interest rates, Blend PH Salary Loan is an excellent option if you need cash before the next payday.
Blend Salary Loan Features
- Loan amount equivalent to one month's salary (₱10,000 to ₱25,000)
- Interest rate of 1% to 3% per month
- Repayment term of one to six months
- Loan processing within 48 hours
Who Can Apply for a Blend PH Salary Loan?
The Blend PH Salary Loan is exclusive to employees/applicants of its partner companies.
How to Apply for a Blend PH Salary Loan?
- Create an account by clicking the link your HR representative will provide.
- Apply for a salary loan online.
- After submitting your application, it will be verified and processed for funding. Once funded, you’ll be notified accordingly.
📌 Chinabank Salary Plus
If your employer is a company partner of Chinabank, you can avail of Chinabank Salary Plus. Apply through your HR department and enjoy preferential rates and easy repayment terms.
Chinabank Salary Plus Features
- Loan amounts of ₱15,000 to ₱1 million
- Repayment terms of six to 36 months
- Loan payment via salary deduction
- Approval within two to three banking days
Who Can Apply for Chinabank Salary Plus?
- Regular employee 21 to 65 years old
- Has a gross monthly salary of ₱15,000
- Work tenure of at least two years
- No adverse credit records or pending cases
Chinabank Salary Plus Requirements
- Accomplished Salary Plus Application Form
- Certificate of Employment
- Latest three months payslips
- Company ID
- Valid government-issued ID
📌 CTBC Bank Salary Stretch Loan
The CTBC Salary Stretch Loan is an excellent option for self-employed and salaried individuals like doctors or consultants and BPO employees. With its high loan amounts, you can easily fund any expense while enjoying flexible and affordable terms.
Salary Stretch Loan Features
- Loan amounts of ₱20,000 to ₱1 million
- Repayment terms of 12 to 36 months
- Monthly add-on rates of 1.39% to 1.79%
- Payment via post-dated checks
Salary Stretch Loan Requirements
- Accomplished CTBC Salary Stretch Application Form
- Photocopy of company ID (with signature and photo)
- Photocopy of latest ITR/Form 2316
- Latest one month's payslip
- Certificate of Employment
- Clearance for canceled credit cards (if any)
Who Can Apply for a CTBC Salary Stretch Loan?
- Filipino citizen at least 23 years old (65 upon loan maturity)
- Has at least a gross monthly income of ₱15,000 (₱20,000 for non-bankers)
- Work tenure of at least six months with current employer or a total of two years working experience
- Has a mobile number and home/office landline
How to Apply for a CTBC Salary Stretch Loan
- Accomplish the Salary Stretch Loan application form and attach all the scanned documentary requirements in an email. Send it to salarystretch@ctbcbank.com.ph.
- You can also visit any CTBC branch to forward your loan application and requirements.
📌 China Bank Savings Easi-Funds Salary Loan
If you’re employed in a CBS-accredited company, you can avail of its Easi-Funds Salary Loan. Inquire with your HR department regarding the application process and documentary requirements.
Easi-Funds Salary Loan Features
- Loan amounts of ₱10,000 to ₱500,000
- Flexible payment terms
- Competitive interest rates
- No co-maker needed
- No BAP/CMAP checking for loans worth ₱200,000 and below
- Fast approval and processing
Read more: Fund Your Next Big Purchase with the CBS Easi-Funds Personal Loan
📌 Welcome Finance Salary Loan
Welcome Finance offers an easy and fast salary loan application process. You can apply online anytime. Loan processing also takes only 24 hours from when you send your application.
Welcome Finance is a subsidiary of Welcome Financial Group of Korea. It has nine branches in the Philippines.
Welcome Finance Salary Loan Features
- Loan amounts of ₱20,000 to ₱500,000
- Repayment terms of 12 to 36 months
- Interest rate of 1.39% to 3.5% per month
- Payment via post-dated checks
Welcome Finance Salary Loan Requirements
- Two valid government-issued IDs
- Two months latest payslips
- Certificate of Employment (stating position, annual income, and tenure)
- Latest Income Tax Return
- Utility bill (bearing applicant’s residential address)
Who Can Apply for a Welcome Finance Salary Loan?
- Filipino citizen
- Between 21 and 65 years old
- Has a minimum monthly income of ₱40,000
- Employed for at least one year
How to Apply for a Welcome Finance Salary Loan?
- Fill out and submit the online application form.[9] If you pass the pre-screening, you’ll receive an SMS.
- Upload your documentary requirements using the link provided.
- You can also email them to sales@welcomefinanceinc.com.
- Wait for the call from a Welcome Finance associate regarding your salary loan.
What’s the Alternative to Salary Loans in the Philippines?
Getting a salary loan should be your last resort. Also, never abuse it; you'll stress yourself even more with your loan repayments.
Before applying for a salary loan in the Philippines with fast approval, ensure you do it for the right reasons and explore all other options. Consider these loans only during emergencies or unforeseen events when you've exhausted other means to find enough money.
If you use them for daily living expenses, you'll bury yourself in debt while paying high interest. With incredibly high interest rates and short loan terms, salary loans are the worst option.
Instead, save money by applying for a personal loan from a reputable bank with a low interest rate (1.20% to 1.94%).
Final Thoughts
A salary loan in the Philippines is convenient, accessible, and valuable when you need money. If getting one is your only option, compare different loans, read the fine print, use an online loan calculator, and pick one with the lowest interest rate for your chosen loan term.
Need to Borrow Money? Check Out Your Loan Options at Moneymax!
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Sources:
- [1] SC Lists of Registered Financing Companies and Lending Companies
- [2] SSS Member Loan Application Form
- [3] Vidalia Account
- [4] Cash Mart Online Salary Loan Application Form
- [5] Maybank Salary Loan Application Form
- [6] Sterling Bank of Asia AvanceCash web application form
- [7] BPI Salary Loan
- [8] Metrobank Payroll Cash Advance Terms & Conditions
- [9] Welcome Finance Salary Loan Online Application Form
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