Comparison
Lowest Interest Rate Online Loans Philippines 2025
Updated June 2026 · 6 min read
Interest rate is the single most important factor when choosing an online loan. A difference of just 0.1% per day on a ₱10,000 loan over 30 days means ₱300 more in interest charges. Over multiple loans, this adds up significantly.
Interest Rate Comparison — All PH Lenders
LenderDaily RateOn ₱10,000 / 30dApply
How to Calculate Your Loan Cost
Formula:
Interest = Principal × Daily Rate × Days
Example: ₱15,000 at 0.1%/day for 30 days
= ₱15,000 × 0.001 × 30 = ₱450 interest
Total repayment: ₱15,450
FAQ
What is the lowest interest rate for online loans in the Philippines?
LoanOnline PH and FinPug offer the lowest starting daily rate, from 0.01% per day on the first loan. Rates increase for returning borrowers — always check the lender's site for current terms.
How is loan interest calculated in the Philippines?
Most online lenders charge daily interest: Interest = Principal × Daily Rate × Number of Days. For ₱10,000 at 0.1%/day for 30 days: ₱10,000 × 0.001 × 30 = ₱300 in interest.
What is the maximum interest rate allowed by BSP?
For credit cards, BSP caps monthly interest at 2%. For digital lending apps, BSP Circular 1133 limits interest and fees for small-value consumer loans. Always check the effective interest rate (EIR).