Online Loans Pilipinas

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Get a fast loan with no collateral and paperwork online in 3 minutes! Anytime and anywhere 24/7!

7,000 PHP
18 days
First loan
0%
0.00 PHP
7,000 PHP
Repeat loan
1.25%
1,575.00 PHP
8,575 PHP
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Online Loans Pilipinas is an international fintech company that specializes in providing payday loan services in different countries such as Vietnam, Indonesia, Malaysia and the Philippines. The company operates under different brands in different countries. Previously, the company was known as Magic World Technologies Inc.

The official name of the company is Online Loans Pilipinas Financing Inc. It is a legitimate lender in the Philippines.

List of Financing Companies, with Certificate of Authority (CA)

The main goal of Online Loans Pilipinas is to meet the financial needs of Filipinos every day, regardless of where they live or their current location. To apply for a loan, you will need to go through a few simple steps that take only 5 minutes of your time.

Loan terms

Borower Age 22 — 70 years
1st loan amount 1,000 — 7,000 PHP
1st loan interest rate 0%
Loan term 7 — 30 days
Service fee 10%
Repeat loan amount 2,000 — 30,000 PHP
Repeat loan interest rate 1.25%
Money receipt speed 30 minutes
Prolongation Thirty (30) calendar days starting from the initial Due date

The conditions for getting a loan at Online Loans Pilipinas:

You can take a loan from Online Loans Pilipinas if:

  • You are between 22 and 70 years old;
  • You are a citizen of the Philippines and reside in the country;
  • You are currently working or have a regular source of income;
  • You have a valid bank account or e-wallet.
  • Provide any ID: TIN, Passport, PRC, UMID, SSS, Driver’s License.

The benefits of the Online Loans Pilipinas:

Online Loans Pilipinas online card loan offers the following advantages:

  1. Simple process. You only need one valid ID to apply for a loan, no collateral, paystubs or receipts needed.
  2. Transparent rates and fees. The full cost of the loan is stated upfront, and you can use a calculator to calculate fees to make an informed decision.
  3. Fast approval, instant payout. You’ll get a decision on your loan application within minutes, and the money will be transferred to your card in less than 5 minutes. The service is available 24/7, even on holidays.
  4. Flexible repayment terms. In case of unforeseen circumstances beyond the borrower’s control, you can request a 30-day repayment extension.
  5. Better terms for repeat customers. Repay the loan on time and you can get up to 20,000 pesos on repeat loans, as well as other benefits and perks.

How do I get a loan from Online Loans Pilipinas?

To get a fast loan online from Online Loans Pilipinas, follow a few simple steps:

  1. Register on the website and apply for a loan in 3 minutes.
  2. Wait for the application to be approved. In a few minutes, you will receive the company’s decision by SMS or phone.
  3. If approved, you receive the money in less than 5 minutes (via InstaPay).
  4. Don’t forget to repay the loan within the specified term or extend it in time to avoid penalties.

How do I repay my Online Loans Pilipinas loan?

Online Loans Pilipinas repayment can be made easily and conveniently by the following methods:

  • Over-the-counter (7 Eleven, Bayad Center, LBC Express, Cebuana Lhuillier Pawnshop, SM Bills Payment counters, Robinsons Business center, Palawan Express, RD Pawnshop);
  • Online redemption in myAlpari;
  • Electronic Wallet (GCash, Maya, Shopee Pay, Coins.ph).

For all loan products, the company provides an early repayment option. But keep in mind that if you decide to repay the loan early, you may be charged an early repayment fee. Detailed information about this will be specified in your loan agreement.

Over-the-counter Payments

Online Loans Pilipinas allows customers to repay the loan through partner payment centers: 7 Eleven, Bayad Center, LBC Express, Cebuana Lhuillier Pawnshop, SM Bills Payment counters, Robinsons Business center, Palawan Express, RD Pawnshop.

To make a payment, follow a few basic steps:

  1. When paying through 7-Eleven, use the Cliqq touch screen machine: go to Pay Bills > Other Bills > Credits > DRAGONLOANS. Fill in the required information. Enter your Reference Number (it’s listed in the text message you received after your approval). Get an automatically generated receipt and pay for it at the checkout. You will receive a payment receipt from the cashier. Keep the receipt for your reference.

If paying through other partners at your nearest branch, fill out a pay stub.

  1. Write DragonPay as the name of the biller.
  2. Fill in the required fields with the correct information:
  • Reference number (starting with SCP)
  • Amount (full repayment or minimum payment). The maximum amount per transaction is only 10,000 Philippine pesos. Please wait at least 20 minutes when sending multiple payments through the reference number used.
  • Cell phone number (registered)
  1. Print and present the payment receipt at the cashier’s desk and pay the exact amount.
  2. Please secure the receipt/payment confirmation.

How to Pay a Loan Using Wallets

The borrower can repay the loan using e-wallet GCash, Maya, Shopee Pay, Coins.ph. To do this, follow the instructions:

  1. Click “Pay Bills” in your wallet app.
  2. Among the categories, select Credits.
  3. Select Dragon Loans / Dragon Pay.
  4. Fill out the following payment information:
  • Your 8-digit OLP reference number
  • Your OLP cell phone contact number
  • Payment amount
  1. Click “Next.”
  2. Click the “Confirm” button.
  3. After confirming the transaction you will receive an SMS or email about the payment.

Repayment in your personal account

To repay a loan online in myAlpari, follow the instructions below:

  1. Log in to your OLP Personal Room account.
  2. On the main page of your personal account, click on the “REPAY ONLINE” button.
  3. On the payment page, select your payment amount and preferred repayment channel.

Important: The company recommends that you repay on time to avoid penalties.

  1. Follow the instructions you will see on the screen.

Loan Prolongation

The company provides an opportunity to extend the loan for up to thirty (30) calendar days from the original due date.

Contact

Official website onlineloanspilipinas.ph
Office address 601 Summit One Office Tower, 530 Shaw Boulevard, Barangay Highway Hills, Mandaluyong City, 1600
Working time Monday – Friday: 8:00 AM – 8:00 PM, Saturday – Sunday: 9:00 AM – 6:00 PM
Contact number 02 5322 1000
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