Jyncow is an independent financial comparison platform. We may earn a commission when you click through.
Personal Loan Picks: Best Rates and Options for June
Explore top personal loans for different needs including low rates and fast approval.
Quick Picks
Best overall: UnionBank Personal Loan.
Best for building credit: Tonik Quick Loan.
Best for high loan amounts: RCBC Pasado Loan.
Lowest Rates
Finding a personal loan with a low interest rate can save you a significant amount over the life of the loan. Let's explore options that start with the most attractive rates available.
BPI Personal Loan
Consider BPI Personal Loan if you're an existing customer. With add-on rates starting at 1.20%, it's competitive for those looking to borrow up to ₱3 million without collateral. However, be mindful of the ₱1,500 processing fee.
BPI Personal Loan
Personal- Amount
- Up to ₱20k–₱3M
- Term
- 12–36 mo
- Speed
- ⚡ 2-3 banking days
This loan is best for individuals with high credit scores seeking substantial amounts, up to ₱3 million, for various personal needs.
RCBC Pasado Loan
RCBC Pasado Loan offers flexibility with terms up to 60 months and a loan ceiling of ₱5 million. The add-on rate starts from 1.30%, making it attractive for those needing larger sums. Do watch out for processing fees that may apply.
RCBC Pasado Loan
Personal- Amount
- Up to ₱20k–₱5M
- Term
- 3–60 mo
- Speed
- ⚡ fast processing
This loan is ideal for first-time borrowers who need quick access to funds without the burden of collateral, making it suitable for personal expenses like education or travel.
BDO Personal Loan
BDO Personal Loan provides a stable option with a narrow ACR range of 25.98-26.76%. It's a solid choice if you value the stability of a major bank and need a predictable interest rate.
BDO Personal Loan
Personal- Amount
- Up to ₱10k–₱2M
- Term
- 6–36 mo
- Speed
- ⚡ 5-7 banking days
This loan is best for individuals looking for significant funding up to ₱2 Million with manageable repayment terms.
CTBC Bank Salary Stretch Personal Loan
CTBC Bank's Salary Stretch Loan is appealing with no separate processing fees and competitive rates from 1.39%. It's suitable for salaried professionals and self-employed individuals, although handling fees are deducted from proceeds.
- Amount
- Up to ₱20k–₱2M
- Term
- 6–36 mo
- Speed
- ⚡ within 5 banking days
This loan is best for individuals with a stable income looking for manageable loan terms and competitive rates.
UnionBank Personal Loan
UnionBank Personal Loan is notable for its low monthly add-on rate of 1.26% and fully digital application process. While its ACR of 26.9% is higher than ideal, the convenience of digital application may justify the choice.
UnionBank Personal Loan
Personal- Amount
- Up to ₱20k–₱2M
- Term
- 12–60 mo
- Speed
- ⚡ 3-5 banking days
This loan is best for individuals seeking quick access to funds without collateral and who can meet the income requirements.
If you're seeking faster approval, the following options might be more suitable, though they come with different trade-offs.
Fast Approval Loans
For those who need funds quickly, these loans offer rapid decisions.
Tonik Quick Loan - Fast Digital Personal Loans
Tonik Quick Loan caters to first-time borrowers who need to build credit. Its fully digital process and no credit history requirement are key advantages, though the higher rate of 4.20% is a trade-off.
- Amount
- Up to ₱5k–₱50k
- Term
- 6–12 mo
- Speed
- ⚡ Instant in-app
This service is best for individuals seeking quick access to personal loans without the hassle of traditional banking processes.
SB Finance Personal Loan
SB Finance Personal Loan is accessible to freelancers and those with lower incomes. It offers quick decisions but comes with a 2% monthly rate, which is above market average.
SB Finance Personal Loan
Personal- Amount
- Up to ₱30k–₱3M
- Term
- 12–36 mo
- Speed
- ⚡ 1-3 business days
This loan is ideal for individuals looking to cover various financial needs like education, business, or debt consolidation, especially for credit card holders.
While speed and low rates are important, some may prioritize the ease and flexibility of accessing loans from a major institution.
Trusted Bank Options
These loans are from well-established banks, offering reliability and extensive branch networks.
Metrobank Personal Loan
Metrobank Personal Loan is a solid choice if you prefer a major bank with branch access. It offers lower add-on rates for longer terms but comes with a notable disbursement fee.
Metrobank Personal Loan
Personal- Amount
- Up to ₱20k–₱2M
- Term
- 12–36 mo
- Speed
- ⚡ 7 banking days
This loan is ideal for those with a strong credit profile seeking funding for personal ventures such as education, travel, or other milestones.
Choosing the right personal loan depends on your specific needs, whether it's the lowest rate, fastest approval, or highest loan amount. For a deeper dive into which loan might suit your circumstances best, check out Which Personal Loan is Right for You?.