Frequently Asked Questions

In Case you’ve some unclear questions, here are some answers to most popular topics.

However, if you still think that you need some additional information about our services or website, please contact us directly info@Monily.ph

Need money fast?

Monily provides a real-time loan finding service by connecting consumers looking for loans with lenders. Our service offers consumers a better chance of approval by working with a network of lenders, not just one.

How does it work?

Using our loan calculator choose loan amount and repayment date, and in the background, our loan finding service goes to work to match you with a lender. If you are matched with a lender, you will be automatically redirected to your lender’s website.

What are the main requirements for customers?

  • Must be a resident of the Republic of Philippines
  • At least 22 years old
  • Valid ID document
  • Bank account
  • Phone number
  • Ability to repay the loan in full amount

Do I need to pay any commission to apply for a loan?

Filling out the form in Monily.ph website is completely free of charge.

How do I know that I’ve been approved for a loan?

If you’ve been approved, you’ll be automatically redirected to your lender’s website.

Working hours when I can apply for a loan?

You can to register and apply for a loan at any time, however, to receive the money to your bank account it can take a bit more time depending on Banks’ working hours.

What are Specific interest rates and terms?

Monily is a loan-finding service, not a direct lender. Information about each lender offers different polices, rates, and terms you’ll find on the lenders’ website. Only your lender can provide you with information about your specific loan terms including APR (Annual Percentage Rate), fees, charges, and repayment period.

What is the maximum loan amount and period?

We work with lenders who provide short-term loans up to 20 000 PHP on the period up to 65 days.
Loan amounts are typically lower for first-time borrowers, while returning borrowers who have built rapport with our lenders have a better chance of getting approved for a larger amount of loan.

How fast will I receive my loan?

Our lenders offer direct deposit services that make it extremely easy to receive your loan. Once your loan has been approved, you can receive your loan within 15 min to 24 hours (one business day) in your bank account. Some of our lenders offer same-day funding. However, everything depends on your bank’s operating schedule.

Can I get a loan even with bad credit?

Yes, you still can get the loan. We partner with lenders who specialize in lending to those with less than perfect credit. Unlike traditional lenders that only consider your credit score; our lenders look at additional areas of your finances, including time of employment, income, and other factors.

Do I need guarantor or pledge?

To receive the loan you don’t need guarantor or a pledge.

Why do I need to submit my personal information?

In order to match you with a lender and for the lender to wire money directly to your account, they need your personal information for verification and identification. Your information is always kept secure and confidential in our encrypted database.

See Privacy Policy and Terms & Conditions pages to learn more about how we keep your identity safe and secure.

Also, we use the best security certificates!

Do you have more questions? Go to Application form and operators will answer all your questions.

Application form