Quick loansHoneyloan’s quick loan allows Filipino citizens to borrow from ₱1,000 to ₱30,000 in minutes and without moving from home. New customers can borrow up to ₱10,000 and that limit increases once the first loan is fully repaid.
To request a loan, you have to create an account on their website using your phone number. Then you can fill out the application form and upload your ID and a selfie to verify your identity. If the loan is approved, you will receive an SMS in the next few minutes. Honeyloan might contact you before the approval if there are any additional questions.
To be eligible, you need to be at least 21 years old and have a stable source of income that allows you to repay the loan. Honeyloan will assign you a limit based on factors such as your income, and you can increase that limit by paying the loans on time.
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Banking product |
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Microfinance |
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Loan amount |
From ₱1,000 up to ₱30,000 |
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Tenure |
From 1 week Up to 6 months |
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Interests and costs |
All loans have an interest rate that varies depending on the loan amount, so you have to go through the application process to know the interest rate of the amount you need. Applying is free, Honeyloan does not charge a commission for it. |
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Missed payments |
If you don't repay the loan on time, you will get additional charges for late payment. This might also negatively impact your credit score, reducing the amount you can borrow from Honeyloan in the future. If you know you won't be able to make the full payment on time, Honeyloan has available de option to make a minimum payment, which will increase your term for at least 1 week and up to 30 days. |
Benefits |
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Requirements |
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Loans
