5+ Personal Online Loan With Credit Card Philippines Using (2024)

If you’re looking for a quick way to access money in the Philippines, you might wonder if a personal online loan with a credit card is the answer. It can be a convenient solution to get cash when you need it, but it’s vital to understand how it works and if it’s the right choice for you. Let’s delve into the critical details, including the best online lenders in the Philippines offering this type of financing.

Important Things to Consider

• Interest Rates: The key here is to compare the personal loan’s interest rate with your credit card’s APR (Annual Percentage Rate). If the loan’s interest rate is higher, you’ll end up paying more overall – so only proceed if it’s lower.
• Fees: Many lenders charge fees for processing, origination, or even cash advances when funding a loan via credit card. Factor these into your decision.
• Credit Impact: Using a large portion of your credit card’s available limit for a loan increases your credit utilization ratio. This can potentially lower your credit score, so be mindful of the impact.
• Approval: Not all lenders and credit cards allow this type of financing. It’s essential to check with both the lender and your credit card issuer before applying.

Top 5 Best Personal Online Loan with Credit Card Philippines (2024)

1. BPI

• Key Features: As a major bank, BPI offers personal loans with potential for credit card funding. Eligibility depends on your credit card status and overall financial profile.
• Pros: Competitive interest rates (if you qualify), reliable institution.
• Cons: Stricter eligibility requirements than some online-only lenders.
• Best For: Personal online loan with credit card Philippines (if you have a BPI credit card and good standing)

2. Pitacash

• Key Features: Pitacash is a dedicated online lender with various loan options. They often allow funding through existing credit cards.
• Pros: Easy online applications, transparent terms.
• Cons: Interest rates might be higher compared to traditional banks.
• Best For: Online loan using credit card Philippines

3. Tala Loan

• Key Features: Tala is a mobile-first lending app known for its quick approvals. Funding a loan via credit card is sometimes possible.
• Pros: Very convenient if you qualify, good for smaller loans.
• Cons: Maximum loan amounts may be limited, not ideal for large expenses.
• Best For: Home loan with credit card (if you only need a small amount)

4. Crezu

• Key Features: Crezu offers personal loans with flexibility. Many applicants can utilize a credit card for funding.
• Pros: Straightforward application process, varying loan terms.
• Cons: Fees may be higher than some competitors.
• Best For: Personal loan using credit card Philippines

5. Moneycat

• Key Features: Moneycat is an established online lender known for fast loan approvals and quick disbursement. While not primarily focused on credit cards, they may consider alternative funding methods based on your situation.
• Pros: Good customer support, easy applications.
• Cons: Not ideal if you need a loan linked specifically to your credit card.
• Best for: Personal loan without credit card philippines (if alternative funding aligns with your needs)