Welcome to our FAQ section! We’ve gathered the most commonly asked questions to help you find quick answers and make your experience smoother. Whether you’re new here or already part of our community in the Philippines, this is your go-to guide for everything you need to know.
Frequently Asked Questions
- What is Hioola.ph?
Hioola.ph is a free loan comparison platform that helps users in the Philippines find and compare personal, payday, and microloan offers from licensed lenders.
- Is Hioola.ph a lender?
No, Hioola.ph is not a lender. We do not offer loans directly. Instead, we connect you with trusted financial institutions offering loan products suited to your needs.
- How do I apply for a loan on Hioola.ph?
Just select a loan offer that fits your needs, click through to the lender’s site, and complete the application directly with them. Hioola.ph does not collect or process loan applications.
- Who can apply for a loan?
Most lenders require borrowers to be Filipino citizens, at least 18 years old, with valid ID and proof of income or employment.
- Are there interest-free loans available?
Yes! Some lenders offer 0% interest loans for first-time borrowers. Always check the lender’s terms for eligibility and repayment conditions.
- What is the usual repayment term for loans?
Repayment periods typically range from 62 days to one year, depending on the lender and loan type.
- What is the maximum interest rate?
The maximum annual percentage rate (APR) can be as high as 180%, but rates vary widely by lender and loan type.
- Are there hidden fees?
Lenders may charge processing or service fees. Hioola.ph displays all available fee information so you can compare offers transparently.
- How fast can I receive the funds?
Many lenders offer same-day approval and fund disbursement, especially for online applications with complete requirements.
- Is it safe to use Hioola.ph?
Absolutely. Hioola.ph only features licensed, verified lenders and does not store your personal data. All applications are completed directly on the lender’s official website.