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Where to Get Emergency Loans in the Philippines

Emergency Loans in the Philippines Updated on February 2024

Life is unpredictable.

Often, it throws us unexpected challenges. 

One moment, you think you are in control of your finances, and then unexpected things happen. The next moment, you’re doomed for an impending whirlpool of debts. 

You can believe you have a firm grip on your money situation when unforeseen circumstances occur if you have emergency funds. But unfortunately, most Filipinos live from paycheck to paycheck. 

Today, we are now fortunate to have emergency cash loans within reach.

Being knowledgeable about where to secure quick emergency loans is crucial. While no one actively seeks financial crises, having the reassurance that a safety net is available provides a sense of security.

Of course, nobody wants a financial emergency, but it is reassuring to know that you can access funds anytime. Be it an unforeseen school project of your kids, a hospital bill, a sudden need to go home to your province, or a need to fix your home after a calamity. 

Your emergency loans serve as a lifeline, solving unforeseen expenses and bridging the gap between financial stability and unexpected setbacks. 

In today’s world, where uncertainties loom large, the availability of quick emergency loans is a valuable resource. It offers you the peace of mind to navigate financial challenges relatively easily.

Emergency Loan for state of calamity areas

Table of Contents

Features of Emergency Loans Philippines

Short-term personal loans can give you quick access to the cash you need in an emergency. However, it’s still sensible to compare your options before you apply. It ensures that your chosen option aligns with your financial needs. Here are some features to look for when applying for an emergency loan in the Philippines:

Loan in an Hour.

Since your cash need is an emergency, you must get a faster process than a regular personal loan. Of course, the faster the cash disbursements, the better. 

filipino get emergency loans fast

But there are other features that you have to consider. You must note that people desperate for cash are easy prey for loan sharks. That is why you need to check on the other features, too.

Look for legit lenders offering an easy and rapid approval process. In emergencies, time is of the essence. Getting access to funds fast can be critical. 

Flexible Loan Amount.

Expect the loan amount to vary depending on where you will get an emergency loan. Some will require a minimum of P10,000 loanable cash to get a loan. On the other hand, the loan amount may be minimal if you get a loan from a family or friend. Undoubtedly, some lenders offer emergency loans online with the amount that fits your needs.

Opt for trusted lenders that provide a range of loan amounts. It allows you to borrow a quick cash loan that meets your immediate financial requirements without unnecessary constraints.

Transparent Fees 

Fees and charges are part of lending emergency cash. It is practical to think that lenders also offer different interest rates. However, you must remember that penalties are the same if you cannot meet your loan’s due dates. Before you sign a loan contract, make sure that there is transparency and that the conditions are clarified.

Ensure that the lender is transparent about any associated fees and charges. Hidden costs can significantly impact the total repayment amount. Reputable moneylending companies provide clarity in this regard.

Accommodating Payment Options

Some lenders have more flexible repayment schemes compared to others. You prefer to be torn in your repayment obligations as much as possible.

Compare and decide wisely which you can manage your finances more. 

Choose a licensed lender that offers flexible repayment terms. These lenders allow you to tailor the loan duration and installment amounts according to your financial capacity. As a result, you can avoid the heartbreaking penalty fees. 

Cash Disbursement

There are emergency loan providers who require physical presence to get the loan. It is common in traditional money lending facilities. Meanwhile, online money lenders can also process an emergency loan without requiring you to visit their offices. They will send cash to your bank account or a third-party remittance center. 

With practicality in mind, going out of your way to claim a quick cash loan is not advisable. If you can withdraw the money anywhere, you can promptly address your financial emergency without much trouble. 

Minimum Eligibility

Before you apply for an emergency loan, you must check if you fit the eligibility requirements. Note that some lenders require collateral and co-borrowers, while others do not. This way, you can save time and apply where you have the best chance of getting approved.

Seek legal lenders with reasonable eligibility criteria. It makes it easier for you to qualify for an emergency loan. You don’t need additional stress with your current financial situation. Being within the minimum eligibility requirement is particularly crucial during urgent situations.

Accessible Emergency Loan Application. 

You currently need help to get quick loan cash. Skimming through every corner of your neighborhood is tiring and troublesome. But with online accessibility, you can find the nearest and most trusted lending facilities at your fingertips. 

online emergency loan application

Look for lenders with a user-friendly online application process. It enables you to apply conveniently from the comfort of your home. A quick and easy emergency loan application process can save time during unexpected financial challenges.

Trustworthy Lender

Being in an urgent situation is not enough reason for you to become a victim of unlicensed lenders. Despite the need for fast cash, you must still be vigilant about who and where you talk to. 

Prioritize lenders with a reputable track record and positive customer reviews. In addition, you can verify a lender’s credentials through the official list of licensed money lending companies in the Philippines. Also, you can check out the reviews from previous borrowers. This way, it ensures that your financial information is handled securely.

Reliable Customer Support. 

On top of the 5-star ratings of your chosen lender, you need to consider customer assistance. In emergencies, having access to reliable customer service can be invaluable. You have plenty of questions in your head and need accurate answers as soon as possible. 

Evaluate the lender’s availability of customer support. Their responsiveness is a topmost feature you must look for. Like lenders, look through the feedback to address queries or concerns promptly. This way, you can secure the financial help you need. 

Considering these features helps you make an informed decision when choosing an emergency loan in the Philippines. It ensures that it effectively meets your immediate financial needs without compromising your long-term financial well-being.

Where to Get Emergency Loans in the Philippines?

Filipinos are familiar with emergency loans. As Bangko Sentral ng Pilipinas shared, here are the top places we get our loans. Check out which group you belong to.

emergency loans philippines

But as of 2021, here are the latest top sources where Filipinos borrow money.

sources of emergency loans in the Philippines


Formal Lender

A formal lender is a recognized and legitimate financial institution that operates in a specific jurisdiction’s regulatory framework and legal guidelines. It must adhere to established rules, regulations, and industry standards. This way, it can provide financial services in a structured and regulated manner.

Formal lenders include banks, credit unions, microfinance institutions, and government-backed financial institutions. Also, it includes other regulated entities authorized to offer loans and financial products. These lenders typically require you to undergo a formal application process, provide documentation, and meet specific eligibility criteria.


To verify your ability to get a loan, the SEC-registered money lender usually requires at least a government ID, proof of income, and proof of billing. You have to take time and check their eligibility requirements since each financing company has its own list to comply with.

Government ID – provide valid government-issued identification, such as a driver’s license, passport, or national ID. Lenders can confirm your identity and comply with regulatory Know Your Customer (KYC) procedures.

Proof of Income – verify your regular income, including recent pay stubs, employment certificates, or income tax returns. A stable income is critical in determining your ability to repay the loan.

Proof of Billing – lenders require proof of billing to establish your residential address. It includes utility bills and rental agreements. It confirms your current residence and adds another layer of identity verification.

Furthermore, remember to check if there is an age limit and certain serviceable areas before applying for a loan.


Taking out loans from formal lenders often includes adherence to regulatory compliance. Formal moneylenders must abide by transparent terms and conditions and clearly defined interest rates. Also, formal lenders commit to responsible lending practices. 

If you deal with formal lenders, you benefit from legal protections, standardized procedures, and recourse mechanisms in case of disputes.

Getting a loan from a traditional lender requires physical appearance and on-site credit verification. The process was long and tedious, and it did not fit Filipinos’ emergency needs. As a result, Pinoys have no choice but to get loans from informal lenders instead.

Fortunately, an online money lender can process emergency loans in just an hour to a day. You can apply from the comfort of your own home or anywhere since the process is entirely online.

Additionally, you can use the online loan calculator to know how much you can borrow, the interest fee, and the repayment schedule.

Aside from this, formal lenders record your credit history. If you have positive credit behavior, it will be easier to approve your loans efficiently.


Online formal moneylenders have a strict verification policy. Due to the increasing number of clients, you will prolong the loan process if you fail to answer the call from the verification officer. That is why you always have to keep your lines open.

If you have limited breaks between working hours, clarify your free time with the lender.

Formal lenders for emergency loans in the Philippines can be your safety net during unexpected tragedies. However, you must be vigilant in your research to ensure you are on the right path to disaster recovery. 

Related Article: 10 Best Qualities of a Responsible Lender in the Philippines

GSIS Emergency Loan

The Government Service Insurance System (GSIS) Emergency Loan is a financial assistance program GSIS offers. It is a government-owned and controlled corporation in the Philippines that provides social insurance to government employees. 


The GSIS Emergency Loan assists active members during unforeseen financial crises or emergencies. Employed government employees have continuous contributions deducted from their monthly paychecks. 

The GSIS Emergency Loans intend to address urgent financial needs from unexpected situations. If you apply for it, your location must be a victim of natural disasters and medical emergencies.


To qualify for the GSIS Emergency Loan, you must:

  • be a resident or an employee of the government office within the declared calamity area,
  • you have not defaulted on a previous government loan,
  • your area has been declared to be under a state of calamity by the National Disaster Reduction Risk Management Council or the Sangguniang Panlalawigan/Panglungsod,
  • you are in active service and not on leave without pay
  • you haven’t missed any payment for the mandatory social insurance contribution.

How to Apply for the GSIS Emergency Loan

Members with a GSIS eCard or UMID card may apply for an Emergency Loan through the GSIS Wireless Automated Processing System (GWAPS) kiosk.

Active GSIS Members can apply for the GSIS Emergency Loan through the GSIS office or online platform. However, it depends on the application procedures the GSIS sets during the emergency.


The GSIS Emergency Loan is offered to the adversely affected members by the calamities that have hit their area.  A particular example is Tacloban, which Yolanda hit. The same happened to Bohol, which experienced a high-magnitude earthquake.

The loan is payable for up to three years in 36 equal monthly installments at an interest rate of 6% annually. If you renew, your outstanding loan balance will be deducted from the new loan’s proceeds.

The GSIS Wireless Automated Processing System (GWAPS) kiosk is in some accessible areas. You can apply for as much as P20,000. You can borrow up to P40,000 with an existing emergency loan account.


However, as you have read, this emergency loan is only for government employees residing and affected in a declared calamity area. You must fall under this category to be qualified to apply for it. 

Another disadvantage is that if you are an active member with only a temporary card, you must process your loan through an over-the-counter personal transaction. An active GSIS card helps you process all transactions with ease. 

Active GSIS members must stay informed about the specific terms and conditions of the Emergency Loan program. These details are subject to updates or changes over time. Contact their respective GSIS offices or visit the official GSIS website for the most accurate and current information regarding the Emergency Loan program and its application process.

Related Article: Comprehensive Guide to GSIS Loan Applications

SSS Calamity Loan

The Philippines’ Social Security System (SSS) offers a Calamity Loan. It provides financial assistance to its members during calamities or emergencies in the country.

The Calamity Loan is a specific loan program designed to help active SSS members cope with the financial impact of natural disasters. You can apply for the Calamity Loan if the dreading typhoons, floods, earthquakes, or other calamities hit your residential area. 



The SSS calamity loan only applies to certain tragic events. It includes natural disasters, floods, and typhoons. 

An example is people affected by events such as the Marawi siege. In addition, SSS offered emergency loans to the displaced workers affected by Boracay Island’s six-month closure and rehabilitation in 2018.

How to Apply for the SSS Calamity Loan

You can file your application to the nearest SSS cluster branch or the SSS branch handling your membership.

SSS members must be active and have made at least 36 monthly contributions. Note that six (6) contributions must be within the last 12 months before the month of filing. You are generally eligible for the Calamity Loan if you have these qualifications.


The requirements are easy to provide. You need an SSS loan application form, at least two valid IDs, and your SSS number or UMID.

In addition, the loanable amount depends on the average of the member’s last 12 monthly salary credits. SSS members can borrow up to 80% of their average monthly salary credit.

Another advantage of borrowing with SSS loans is you can request to suspend your loan payments for six months.


The calamity loan has an annual interest rate of 10%. It is higher than Pag-IBIG’s calamity loan.

SSS Calamity Loan Assistance Program (CLAP) is only for those affected by a disaster or calamity. It is subject to the declaration of a state of calamity by the local government in the affected area. You cannot apply for it if you need instant cash but are not a catastrophe victim. 

The details of SSS loan programs may change at any time. You must check with the official SSS website or contact the SSS directly for the most up-to-date information. This way, you can assess if you fall within the eligibility criteria and can comply with the loan terms and application procedures. 

Related Article: Guide on How to Apply for SSS Salary Loan

Pag-IBIG Emergency Loan

The Pag-IBIG Fund in the Philippines provides an Emergency Loan program to its active members who encounter calamities, disasters, or emergencies. It includes natural disasters, health emergencies, or other unforeseen events.

pag-ibig calamity loan

The Pag-IBIG Fund, or the Home Development Mutual Fund (HDMF), is a government agency that offers various financial services. It includes housing loans and short-term loans that can cover the expenses for your housing repair due to calamity. 


The Home Development Fund (Pag-IBIG)–Calamity Loan is offered to members who:

  • has made a minimum of 24 monthly savings,
  • has at least 5 monthly savings done in the last 6 months, and
  • must reside in an area under the State of Calamity

How to Apply for the Pag-IBIG Emergency Loan:
The member must go to any Pag-IBIG office and submit the Calamity Loan Application Form, at least 2 valid IDs, proof of income, and the Declaration of Being Affected by Calamity.

Members can apply for the Pag-IBIG Emergency Loan in two ways. You can visit the Pag-IBIG website or the nearest Pag-IBIG branch. The application process typically involves submitting the required documents and fulfilling specific eligibility criteria.


With the Pag-IBIG Calamity Loan, you can borrow up to 80% of your Total Accumulated Value (TAV) with the current interest rate of only 5.95% per annum. The TAV includes the member’s contributions, your employer’s contributions, and the dividends earned.

The loan has a grace period of 3 months. If approved, you can start paying on the 4th month following the date indicated on the check. You can apply for this loan even if you still have an existing loan with Pag-IBIG, provided that you do not exceed your overall loan amount.


The purpose of this loan is only to help Filipinos regain their feet after a calamity. This means that it is not for other emergencies, such as hospital and utility bills unrelated to calamity.

In addition, Pag-IBIG members qualified for this emergency loan can only file up to 90 days after the State of Calamity has been declared. If you apply for it beyond the said date, you are unfit to take out the loan. 

Just like the other loan programs the government agencies offer, Pag-IBIG Emergency Loan program details are subject to change. Check the eligibility criteria and application procedures beforehand to avoid hassle and heartbreaking loan rejection. 

Related Article: Pag-IBIG Guide: Contribution, Online Verification, Loans


Pawnshops are financial institutions that provide secured loans in exchange for valuable items. It serves as your collateral for the quick cash you borrowed. If you need an emergency loan, pawnshops can be an accessible option. However, it provides a quick source of funds in exchange for valuable items as collateral. 



If you borrow funds through pawnshops, you must be of legal age to pawn an item. 

You will need an item to use as collateral for a loan. It can be your jewelry, electronics, watches, or other valuable items.


The emergency loan process is fast and simple, though you must go to a pawnshop personally and bring your precious item. The pawnshop staff will assess the value of your collateral. They will check its condition, market value, and other factors. 

You can borrow a loanable amount based on the percentage of the item’s appraised value. 

The pawnshop retains possession of the item as security for the loan. They will provide you with a pawn ticket. It serves as proof of your loan agreement. Your ticket must include details about the collateral, loan amount, and terms.

Borrowing quick cash for emergencies is as simple as that. 


You must settle your loan to retain the valuable item you have pawned. Also, there are alleged claims that some pawnshops breach their policies and scrape parts of jewelry.

Furthermore, if you can’t repay the loan within the agreed timeframe, the pawnshop may sell your collateral. It is their way of recovering the loan amount you borrowed. Make sure you’re aware of the risks involved.

Most importantly, you cannot borrow emergency loans from pawnshops if you have no high-prized item that can serve as your collateral. 

Pawnshops can be your quick source of funds in emergencies. However, it is essential to read and understand the loan terms carefully. Explore other money lending options near you and compare terms before deciding on a pawnshop emergency loan. 

Also, choose a reputable pawnshop that operates within legal and ethical standards. Check online reviews and inquire about their reputation in the community.

Informal Lender

An informal lender is a financial entity providing financial assistance outside the formal banking and financial sector. These lenders operate without the regulatory oversight and structured framework that characterize formal lending institutions such as banks and credit unions. 

informal money lending

Informal lenders may include individuals 5-6, Bombay, moneylenders, or unregistered entities offering various capacities.


None. You can take out instant loan cash without verifying your capacity to repay. 


Getting an informal lender’s emergency loan is fast since it requires minimum to no requirements. You can get your cash from a 5-6 lender within a day or two.

Also, informal lending transactions may involve more flexible terms compared to formal institutions. However, its flexibility comes with higher risks and potentially less protection for borrowers.

Informal money lending may involve less paperwork and documentation. Although the borrowing process is quicker, the lack of legal protections and transparency provided by formal lenders is a high risk.


Informal money lenders operate without being subject to regulatory and legal frameworks. This absence of oversight can lead to varying lending practices. 

Since the informal moneylenders are not registered, your loan from them will not help you build your credit history. 

In addition, the interest is very high. If you get a loan from a 5-6 lender, you will be asked for 20% interest. This increased risk reflects the effects of operating outside established regulatory guidelines.

Informal lending can provide quick access to funds. However, borrowers should exercise caution. Its lack of regulatory oversight may expose you to potential risks. Also, the terms of loan transactions may vary widely.


Borrowing an emergency loan from relatives can be a viable option when facing urgent financial needs. However, there are some considerations you have to keep in mind. Asking out emergency funds from them poses risks. That’s why you must weigh your options before approaching your family members for financial assistance.

relatives for emergency loans in Philippines


You can borrow from your relatives if you have a positive or strong relationship with the lender. If you are one of the least-liked family members, your chances of taking home quick cash are low. 


Bangko Sentral ng Pilipinas shared that 61.9% of Filipinos borrow from their family, relatives, and friends. They are the nearest emergency cash source any Pinoy can get. Also, there is no eligibility requirement except having a positive relationship with the lender.

Aside from this, you can quickly get the loan immediately. If you are honest and openly communicate with your relatives, you can go home with your emergency fund instantly. 

In addition, your family or friends can decide whether the loan will be interest-free or if you will include interest. If interest is involved, agree on a fair rate to both parties. It is best to have a formal written agreement to avoid miscommunication later. 


On the other hand, getting an emergency loan from a relative or friend can risk your relationship with them. If you fail to settle the loan (albeit unintentionally), your lender will lose your trust. Worse, it might be impossible to get another emergency loan.

Also, the loan amount will be minimal as it will depend on the cash available from your lender.

In addition, getting denied is inevitable. Your relative might be facing a financial struggle you are unaware of. As a result, you can not borrow quick cash from them. 

Borrowing from family involves both financial and personal dynamics. It is vital to approach them with sensitivity and respect. Clear communication, transparency, and a commitment to honoring the agreement are vital in maintaining healthy relationships within the family.

Cash Advance from Company

A cash advance from a company is a short-term financial assistance provided to employees by their employers. Employees to access a portion of their salary or wages before the regular payday. Also, you can pay it off through your paycheck but in staggered. This way, you can still repay while recuperating from the unexpected expense. 

cash advance from company

A cash advance helps you cope with emergencies even though your paycheck is due next week. Your employer may inquire about the purpose of the cash advance. While this is not always a requirement, some companies may ask to ensure that the advance is for legitimate and necessary reasons.


Employers may have specific criteria for approving cash advances. Some company owners require employees to work with them for at least a few months before they approve a cash advance. Other employers require employees to sign a payment agreement before approving a cash advance.

Some companies review if you have a good employment record. Meanwhile, others validate the reason for requesting the advance.


An emergency loan in your company is possible as a cash advance or “bale.” Not all companies allow cash advances, but you can ask your boss or the Human Resources Department if your emergency qualifies for one. 

Often, it follows specific procedures for requesting a cash advance. It involves filling out a formal request form or following a designated process outlined by the HR personnel.

Cash advance from your own company usually has no interest or fees to be paid. However, you must communicate the terms and conditions with your employees.

In addition, the process of requesting and receiving a cash advance is strictly confidential. Your personal details and quick cash agenda are kept from other employees. It helps maintain the privacy of the individual’s financial situation.


Once your cash advance is approved, the payment will be automatically deducted directly from your salary. Your repayments are from your subsequent paychecks until the advance is fully repaid. It can affect your finances, especially if you do not include it in your budget.

Aside from this, the payment terms may be unfavorable because your company will only aim to collect your borrowed money. Regardless of your current situation, they regularly deduct it from your salary. 

Lastly, cash advances from companies may set a limit on the amount you can borrow. Often, it relies on your salary or a predetermined percentage of it. If you are a minimum wage earner, you have a low chance of bringing home a high amount of quick cash. Also, you might need more than this to be your emergency loan. 

As an employee, be familiar with your company’s policies regarding cash advances. Understand if there are any associated fees, interest rates, and repayment terms. While cash advances can be a helpful short-term solution, they should be used responsibly. You can consider other financial management strategies to avoid relying on advances regularly.

Filipinos are often victims of natural disasters. Before you apply for an emergency loan, carefully check the loan terms, interest rates, and repayment schemes. In addition, choose a reputable and trustworthy lender for a transparent and fair borrowing experience. Additionally, consider your own financial capacity. It helps you decide the loan amount you can comfortably borrow and repay. This way, you can avoid potential financial strain in the future.

Related Article: Are You Really Qualified for Pag-IBIG Multi-Purpose Loan?

Emergency Cash Loans in an Hour

Before pursuing any emergency cash loans, exploring all available options is advisable. You can borrow money from family or friends, negotiate with creditors, or tap into personal savings.

emergency cash loans in mobile

But you must always read the terms and conditions carefully. Also, ensure that you can comfortably meet the repayment obligations. This way, you avoid further financial strain. 

Getting emergency cash loans in an hour is now possible with the new technology integrated with the loan process. You can apply for an emergency loan using your laptop or mobile device. 

You can now complete an online application form and upload your documents to the secured website. All of this just takes at least 5 minutes. Then, wait for a verification officer to call to confirm the needed information. The loan proceeds will be sent directly to your bank account once your application has been approved.

If you do not have a personal bank account, online moneylenders such as Cash Mart also disburse cash through payroll accounts.

Here at Cash Mart, we value the time our customers spend. This is why we constantly seek ways to improve our online process for your emergency needs.

How to Ensure Fast Loan Process at Cash Mart

Cash Mart is a financial institution that provides various loan services, including emergency cash loans. 

Cash Mart Emergency Loans Philippines

To ensure your application gets processed in an hour, you must fill in the necessary information correctly. Ensure that your contact details are always accessible to you. Furthermore, ensure you only upload clear, colored copies of your documents.

Our friendly credit officers will guide you through calls and emails. That is why you have to use an active email when signing up. If the loan officer cannot contact you, you will receive an email to help you get through the remaining part of the process. Feel free to ask any inquiries or clarification during the verification call.

Once approved, you will receive your loan contract, which you have to read through. Ensure that you can send back every page of the contract.

Once your contract has been verified, your cash loan will be disbursed directly to your personal bank account.

The speed of your loan process can vary depending on various factors. It includes the lender’s policies, the completeness of your application, and the verification process. Being prepared and proactive can increase the likelihood of a fast loan process at Cash Mart.

Conclusion on Emergency Loans

Emergencies happen at the most unexpected times. No matter how stressful these moments are, get an urgent cash loan that fits your needs and finances today. While you need cash as soon as possible, you must ensure you get it from a registered moneylender who understands you.

Emergency loans serve as crucial financial tools. It serves as your lifeline when facing unforeseen expenses or urgent financial needs. These loans play a significant role in helping you navigate through challenging financial circumstances. You can obtain it from traditional banks, online lenders, government institutions, or family and friends. 

When an emergency arises, only get a quick cash loan from Cash Mart.