Online Loans PilipinasLeave your review
Get a fast loan with no collateral and paperwork online in 3 minutes! Anytime and anywhere 24/7!
Online Loans Pilipinas, formerly known as Magic World Technologies Inc. is an international FinTech company that specializes in the “payday loan” service in countries such as Vietnam, Indonesia, Malaysia, and the Philippines. In different countries, the credit company operates under different brands.
The legal name of the company is Online Loans Pilipinas Financing Inc. This loan lender is legit in the Philippines: SEC Registration Number CS201726430, Certificate of Authority №1181 issued 09 August 2017.
This information is listed on the SEC official website sec.gov.ph. Anyone can check the accuracy of the data by going to the SEC website at this link:
List of Financing Companies, with Certificate of Authority (CA)
The main goal of Online Loans Pilipinas is to meet the daily financial needs of every Filipino no matter in what part of the country they live or where they are at that moment. To fill in an application for a loan, you will need to pass a few simple steps and only 5 minutes of your time.
|Borower Age||22 — 70 years|
|1st loan amount||1,000 — 7,000 PHP|
|1st loan interest rate||0%|
|Loan term||7 — 30 days|
|Repeat loan amount||2,000 — 30,000 PHP|
|Repeat loan interest rate||1.25%|
|Money receipt speed||From 1 to 2 working days|
|Prolongation||Thirty (30) calendar days starting from the initial Due date|
|Types of loans||Fast cash loan, Loan online, Personal loan|
- Philippine Citizen with Location Philippines;
- Borrower age: from 22 to 70 years old;
- Currently employed or with a steady source of income;
- Have a mobile phone;
- Provide any ID: TIN, Passport, PRC, UMID, SSS, Driver’s License.
- the procedure is very simple – it is 100% online;
- there aren’t any security requirements, guarantors and long waiting time;
- no offices visit and no paperwork;
- the minimum number of documents for a loan application;
- clear and transparent credit conditions without hidden fees and extra payments;
- money is transferred to your bank account immediately after the approval of the application;
- online service is available throughout the country 24/7;
- convenient ways to repay a loan through partners;
- flexible repayment term – prolongation of repayment is available.
How to get a loan in Online Loans Pilipinas?
- Using a loan calculator to determine the amount and term of the loan.
- Push the button “Apply Now”.
- Start the process of filling out the application form on the website olp.ph.
- Receive a phone call for verification.
- Expect approval of a loan application within 1-2 business days.
- Carefully study the loan agreement and then sign it.
- Get a cash loan to your bank account.
You are able to repay your loan online using one of these ways:
- 7 Eleven;
- Bayad Center;
- LBC Express;
- Cebuana Lhuillier Pawnshop;
- SM Bills Payment counters;
- Robinsons Business center;
- Palawan Express;
- RD Pawnshop.
Sure as hell, you may use any online banking to repay your online loan.
Use Dragon Loans or Dragonpay in all of the above cases.
|Office address||Unit 1402-06 14th Flr Tycoon Centre, Pearl Drive, San Antonio, Philippines, Pasig 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|
|Social networks||Facebook, Twitter, Instagram|