Taking up a loan is a completely normal occurrence these days, and it’s nothing to be ashamed about. Many individuals and families from all walks of life have experienced applying for a loan. In the past, applying for a loan was a tedious process that required you to go through many hoops. But now, this has been made easier and more convenient thanks to companies like Online Loans Pilipinas which allow you to apply for a loan in the comfort of your own home.

What Is Online Loans Pilipinas?

Online Loans Pilipinas, which can be shortened to OLP, is a platform where Filipinos can turn to if they’re ever in need of financial solutions. OLP aims to uplift customers through financial means by focusing on micro and consumer financing.

Online Loans Pilipinas may not be the only online financial solution out there, but it’s definitely one of the easiest and most convenient. It offers a ton of advantages compared to applying at other websites, and we’ll list down some of these advantages below.

Advantages of Choosing OLP

When deciding whether or not a financial service is the one for you, you need to weigh the pros and cons. Fortunately, OLP only has positive aspects, including fast approval times, which is an important factor to consider for many loan takers.

  • You don’t need to go to a physical office, as the entire process can be done online.
  • The company is transparent about all the costs it expects you to pay for.
  • The process is simple and straightforward, and you don’t need to submit a lot of requirements in order to apply.
  • OLP offers flexible repayment terms such as a 30-day extension, which is perfect for those who got hit by an unexpected emergency.
  • You don’t have to wait a really long time to receive a decision. Approval time is fast, and you could get the funds in less than 5 minutes.
  • Those who are able to repay their loan on time have the chance to receive an increase on their next loan.

Is OLP Safe?

Another question you’re probably asking yourself is: is OLP safe? It’s actually a good thing that you’re wondering this because anything related to money and finances is no joke, so you need to find a financial solution you know you can trust.

Needless to say, that Online Loans Pilipinas is definitely a legit financial company, and you can rest easy knowing that it has received the appropriate permissions and registrations from Philippine authorities.

How to Repay Your OLP Loan

One reason why OLP is so great is because of its extensive selection of repayment options. As such, you’re free to choose whichever option you’re the most comfortable with. Here’s a list of some of the ways you can repay a loan:

Via Offline

If your internet is down or you’re just not comfortable paying through card or bank, you can repay your loan via offline methods. To do so, simply go to the nearest payment partner branch in your area and complete the form.

Via Online Banking

To make things more convenient for you, you can pay through online banking. OLP accepts various banks for individuals to choose from, including UnionBank, Metrobank, Chinabank, BDO, BPI, and others.

Via GCash

If you have a GCash account, which most Filipinos have these days, you can easily repay your OLP loan through this method. To do so, launch the GCash app and log into your account. From there, select the option to create a Bank Transfer, and choose Union Bank of the Philippines.

Then, you just have to type in the needed information, such as among, account name, and account number. Processing through GCash is another way you can conveniently repay your loan without having to commute or drive to a payment partner branch.

Conclusion

As you can see, applying for loans has never been easier thanks to financial services like Online Loans Pilipinas. It can be a great solution to any financial issues you may be experiencing, especially if you’re in the middle of an emergency and in need of cash fast. Repayment offers flexibility too, so you have the power to choose how you want to repay your loan.