Personal Loans: Top Picks for July 2026

RCBC Pasado Loan is ideal for those needing a high loan amount or longer repayment terms. With a maximum of ₱5 million and terms up to 60 months, it surpasses most competitors. However, the wide EIR range from 19% to 34% depending on your credit profile could be a downside. Its processing fees can also add unexpected costs.

SB Finance Personal Loan offers up to ₱3 million without collateral, making it accessible for freelancers and OFW beneficiaries. However, the 2% monthly add-on rate, translating to an APR of ~39.43%, is higher than many major banks. A ₱5,000 processing fee is another drawback, but it serves those who might not qualify elsewhere.

BPI Personal Loan provides up to ₱3 million without collateral. Its competitive monthly add-on rate starting at 1.20% is attractive, especially for existing BPI clients who can fast-track their application. A ₱1,500 processing fee applies, but the lack of collateral requirement makes it appealing for those with established credit.

BDO Personal Loan's narrow ACR range of 25.98% to 26.76% offers predictability in costs. With up to ₱2 million available, it provides stability with the backing of the largest bank in the Philippines. Yet, its maximum loan amount is lower than some competitors, making it less ideal for those needing more.

UnionBank Personal Loan boasts the lowest monthly add-on rate among major banks at 1.26%, translating to an ACR of 26.9% for a ₱200K loan. With fully digital applications and up to 60-month terms, it's a strong contender for those seeking low rates. However, limited branch access may be a con for some.

Metrobank Personal Loan provides a lower add-on rate of 1.25% for longer terms of 24-36 months, making it appealing for those who can commit to longer payment plans. With no collateral needed for loans up to ₱2 million, it's a solid choice for borrowers preferring an established bank. However, a ₱1,500 disbursement fee and a higher ACR for shorter terms could be drawbacks.