Honeyloan is a direct lender that grants loans of up to ₱30,000 to Filipino citizens that can be repaid in up to 6 months
Honeyloan is an online lender that offers quick loans to Filipino citizens. On the website, customers can apply for loans of up to ₱30,000 with a term of up to 6 months. The process is simple and completely online.
Honeyloan is part of an international financial technology company that has clients in Europe and Southeast Asia. However, the filial Honeyloan only services Filipinos, as the company has different branches for citizens of other countries.
As a responsible direct lender, Honeyloan evaluates all applications to assign appropriate loan limits that the customer can repay. Customers can then increase that limit if they pay the loans on time, and late payment might also result in a lower loan limit.
The approval process is quick and customers can expect a response to their application within minutes if they have a good credit history. The website is available for applications 24/7.