Not Qualified

Asesor Credilemon

July 9, 2025

Hello, Sheila

It’s difficult for us to determine why a lender might have rejected your application without knowing the details of your situation. However, we can provide you with a list of the most common requirements for obtaining a loan, so you can check for yourself if you meet them or not.

• You must be at least 21 years old and a Filipino citizen currently residing in the Philippines.

• Must provide a valid government-issued ID with a photo and signature. 

• Must provide proof of stable income, such as payslips or certificates of employment

• Sometimes proof of residence might be required in the form of public services billing, such as electricity or water. 

• You need to have a bank account or e-wallet to receive the money

• A phone number and email address are also required

If you’re self-employed, then other requirements might apply, such as audited financial statements or bank statements. 

One of the most common reasons for rejecting an application tends to be insufficient income. If you try to request an amount of money larger than you’d be able to repay with your current income, the lender might decide to reject your application due to the risk of default being too high.

We recommend that you take a look at your income and expenses to figure out how much you could realistically pay back per month. Add all your monthly expenses —rent, groceries, transportation, etc.— and subtract them from your income. The resulting number is the maximum you can afford to pay. Try to make sure the monthly quota for the loan doesn’t exceed that amount.

We hope this helps.

Best,

Credilemon team