Easy Cash Loan Without a Bank Account in the Philippines

loans without bank account

It’s a proven fact that the majority of Filipinos are unbanked. It’s easy to see why: for some, it’s a hassle to deal with the banking system. Sometimes it’s difficult to understand the paperwork and processes that come with it. Others have a deep-rooted distrust in the systems and would rather keep their money to themselves.

But what if you need a loan and your lender requires a bank account, and yet you don’t have one? Where can you turn to? What are your options?

Where can you apply for a loan online without a bank account?

Why do lenders require a bank account?

Banks and established lending institutions require a bank account for a multitude of reasons. Number one, they want to ensure that you are financially responsible enough to apply for and eventually repay a loan.

Number two, bank statements reflect your cash flow. Having a positive cash flow shows that you have a regular income stream, thus giving lenders more confidence that you will repay the loan. This is particularly important for those who are self-employed and have their own businesses.

If you’re not a regular employee, you need to submit bank statements when applying for a loan or credit card.

Number three, bank accounts are required if you’re applying for a loan from a bank or government agency. That way, they can easily verify your identity and keep a record of your disbursements.

Can I get an online loan without a bank account?

Yes! You can apply for an online loan without a bank account.

Most online lenders do not require borrowers to have a bank account, unless the borrower wants to have the loan disbursed to their savings account.

If you don’t have a bank account, you can still get your loan through an online lending app (OLA), e-wallet or remittance center.

Unfortunately, online loans that don’t need a bank account are limited to quick cash loans. Payday loans with no bank verification are also available, but you cannot apply for housing or car loans. Moreover, you may be subject to high interest rates or required to put up a collateral.

Another disadvantage is that loans for the unemployed with no bank account are difficult to find. That’s because lenders will almost always require proof of income like payslips. If you're self-employed with no bank account, you can present your income tax return (ITR).

Where can I borrow money without a bank account?

So now you have an emergency and in need of an online loan without a bank account. But where can you find one? How to get a loan without a bank account in the Philippines?

Believe it or not, you can easily find loans online without a bank account! Banks, private lenders and government agencies may reject your loan application but you still have the following options that can grant you your much-needed assistance.

Here are your options for an easy cash loan online without bank account needed!

Family and friends

Family and friends can give you quick cash loans even without a bank account in the Philippines.

Filipinos are expected to help their loved ones in times of crisis. If the aid comes in the form of cash, it won’t even be considered a loan. Most of the time Filipinos will just treat cash aid from family and friends as a gift. You won’t even need a bank account to receive the cash. The most preferred forms of receiving cash here are remittance centers, e-wallets and in-person.

Online lending apps

loans without bank account

Online lending apps (OLA) are very popular in the Philippines especially among the young population. Compared to banks and large lenders, these apps are 100% online, fast and convenient.

Since OLAs were developed with customers’ convenience in mind, they generally don’t require a bank account. There are apps that don’t even require proof of income so you don’t have to submit bank statements and similar documents. If, however, the OLA requires a proof of income, you can submit your payslips and ITR.

You can get your loan amount through the app itself or your e-wallet account. The only time that an OLA will require a bank account is if you want your loan to be disbursed that way.

Advantages of loans online without a bank account

1. Preferred method of payment and disbursement

If you apply for a loan online without a bank account, you will have the freedom to choose your preferred method of loan disbursement. This particularly applies to OLAs where you can get your loan through the app or your e-wallet/remittance account.

Private lenders and OLAs also accept loan repayments through e-wallet or remittance which eliminates the need for a bank account.

2. No need to deal with banks

For most Filipinos, dealing with banks is laborious and burdensome. There’s the hassle of collecting documents and waiting in line for hours, coupled with distrust in the banking system as a whole. Filipinos are also fearful that banks may charge them high interest rates on their loans, or that they won’t be able to repay their loan on time.

Thanks to technology, it is now possible to apply for a loan online without dealing with banks. You can fill out the application form and submit documents through an app or website. You can even get competitive loan rates and terms from private lenders and OLAs! Your loan options are not limited to banks and government agencies anymore.

3. No need to make a bank account

Many Filipinos still don’t have a bank account for a multitude of reasons. This prevents them from applying for loans, credit cards and other services from banks. And even though applying for a bank account can now be done online, many still find the process difficult.

With the rise of online banking and e-money comes the proliferation of fraud. We’ve heard countless stories of people being scammed by fake transactions. Bank accounts being compromised and emptied out have made people wary about linking their savings to mobile apps.

Fortunately, you don’t need to link your bank account to an OLA. If you are in need of some quick cash, your loan will be paid out through the app or e-wallet. Having less apps linked to your bank account minimizes the risks of hacking and fraud.

Loan app in the Philippines with no bank account

Now that you know how you can apply for a loan online even without a bank account, you must be wondering about the best loan app in the Philippines with no bank account.

There are lots of loan apps in the country which offer this service, but UnaCash will guarantee you the best rates and terms suited to your needs!

With the UnaCash app, you only have to fill out the application form, indicate your loan amount, choose your loan terms or months of repayment, submit your application and wait to get approved!

You can loan for as much as ₱50,000 and get flexible terms of up to 6 months!

Everything is 100% online – that means no paper documents, no waiting in line and no bank visits! You don’t even need a bank account to repay your loan! All you need is your phone and you're good to go!


1. Where to get a payday loan without a bank account?

You can get a payday loan without a bank account through online lending apps. You can also avail of emergency loans to help you during petsa de peligro.

2. How to get a loan without a bank account?

First of all, you need to figure out how much money you need to borrow.

The process of getting a loan without a bank account will depend on your chosen lender. If you’re loaning from family and friends, it can be as simple as sending them a message or asking them for a loan in person.

The loan process can be more complicated when borrowing from a pawnshop or online lending app. If you’re going for a sangla or pawnshop, you need to present documents such as ID and the item that you’re going to pawn. Present the item that you want to pawn in exchange for money and wait for the appraisal.

For online lending apps, you may be required to upload an ID, proof of address and social media accounts, as well as complete an application form.

3. Where can I get a loan without a bank account?

You can get a loan without a bank account from family & friends, pawnshops, paluwagan and online lending apps.

4. What do I need to prepare to get a loan without a bank account?

In general you may only need a valid ID, but other lenders may require contact information, proof of address and character references.

What are you waiting for? Download the UnaCash app now!

Nowadays, you can easily apply for a loan even if you don’t have a bank account. Thanks to online loans, there are lots of options for the unbanked in the Philippines.

Written by: Alyssa Divina | Edited by: Karla Maolen Visbal

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