Frequently Asked Questions

How do I apply for a loan through instamonie.com?

All you need to do is determine the amount you want to request and fill out a short online form. We will find a lender for you, who will send you an online loan agreement if you are eligible. Sometimes, lenders require a background check to verify your employment information or salary. If you agree to their offer, they will transfer money directly to your credit card or bank account.

Is instamonie.com free?

Our service is completely free. We earn a small commission from lenders in the event they credit a loan to your account.

What’s the most I can get?

Currently, the largest loan you can take through instamonie.com is ₱ 25 000. However, that cap may increase in the future.

Are there any borrower requirements to get a loan?

Each institution has its own borrower requirements. Overall, you must be a citizen of the Philippines over the age of 18 with a valid SSS, TIN, or UMID card; you must also have a source of income and be able to provide a valid debit card or bank account number.

What if I have a bad credit score?

Perfect credit histories are less common than you think. If you don’t have any open delinquencies, you will most likely get a loan.

Can I pay off my loan early?

Yes, you can repay your loan at any time. The sooner you pay it off, the less you will pay in interest. The interest accrues only for those days that you actually used the loan. You can make payments ahead of time and pay only for the days you actually used the borrowed funds.

What should I do if I have trouble paying?

Contact your lender as soon as possible. They are often willing to work with you and offer the best solutions available.

How do I repay?

Each lender has their own process and will send you all the information you need to make your payments. Repaying loans is simple and can often be done through direct transfer, by creditor debit card, or by depositing money to a specified bank account. You should follow the instructions your lender gives you and make payments on time to avoid additional charges.