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Debunking Personal Loan Myths: What You Really Need to Know

Personal Loans Sep 3, 2026

Debunking Personal Loan Myths: What You Really Need to Know

Uncover the truth behind personal loans — from hidden fees to the reality of credit checks. Learn which myths could cost you.

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APR

25.98–26.76%

Amount

₱10k–₱2M

Term

6–36mo

Minimum gross monthly income ₱15,000
At least 2 years with current employer
Valid government-issued ID

APR

—

Amount

₱5k–₱50k

Term

6–12mo

Filipino citizen 21-55 years old
Tonik bank account holder
Minimum credit score

APR

—

Amount

₱20k–₱2M

Term

6–36mo

Salaried employee
Minimum gross monthly income ₱15,000
At least 1 year with current employer

APR

39.43%

Amount

₱30k–₱3M

Term

12–36mo

Minimum gross monthly income ₱12,000 (₱15,000 Metro Manila)
Filipino citizen 21-60 years old
Employed or self-employed

APR

19.0–34.0%

Amount

₱20k–₱5M

Term

3–60mo

Minimum gross monthly income ₱15,000
Employed or self-employed
At least 2 years work experience

APR

25.98–36.74%

Amount

₱20k–₱2M

Term

12–36mo

Minimum gross monthly income ₱15,000
At least 2 years with current employer
Valid government-issued ID