Top Personal Loans in the Philippines: Best Choices for September 2026

UnionBank's personal loan shines with the lowest monthly add-on rate among major banks at 1.26%, making it a standout for those seeking competitive rates. With its fully digital application process, you won't have to visit a branch, but the limited network might be a downside for some.

SB Finance offers a compelling option for freelancers and self-employed individuals looking for accessibility without collateral. Though the APR is higher at ~39.43%, it's a viable choice for those who might not qualify for traditional bank loans.

BPI's loan stands out with a competitive 1.20% monthly add-on rate, and its high loan ceiling of up to ₱3 million appeals to those needing larger amounts. However, the processing fee might deter some potential borrowers.

RCBC Pasado Loan offers the widest range in the market, up to ₱5 million, ideal for those needing substantial funding. With flexible terms up to 60 months, it's a strong contender despite the potential for higher rates based on credit profiles.

BDO Personal Loan is backed by the stability of the Philippines' largest bank. Although it offers a narrower ACR range, its extensive branch network and no prepayment penalties make it attractive for those seeking reliable service.

Metrobank provides a tiered rate system that can benefit those planning longer-term loans. While the pre-termination fees may be a turn-off, the established reputation and branch access are significant advantages.