Searching for the best way to manage your finances can often feel overwhelming, especially with the vast array of loan options available in the Philippines' loan market. 

One significant challenge Filipino entrepreneurs face is finding a personal loan with a low interest rate that can help them save money and manage their budget effectively. Hence, in this blog, you'll learn about the best company to get a personal loan from, which offers the most competitive rates in 2025. 

Additionally, we will also explore the benefits of securing low-interest loans and provide a comprehensive analysis of leading lenders like LightStream, American Express, and SoFi to arm you with all the necessary information required to make the right decision to match your business’s financial needs.

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Significance of Securing Low-Interest Personal Loans in 2025

In 2025, securing a low-interest personal loan is more important than ever for individuals looking to manage their finances effectively. With rising costs and economic uncertainties, obtaining a loan with a favorable interest rate can significantly affect your financial health. 

Low-interest loans are a preferred choice for businesses in the Philippines significantly because they reduce the overall cost of borrowing, making it easier to manage debt, improve cash flow, and achieve financial goals. 

Here, take a look at why finding a low-interest personal loan is crucial for a Philippine business to maintain financial stability and maximize the benefits of borrowing in the years ahead - 

• Lower Monthly Payments: A low interest rate reduces the amount you pay in interest each month, making monthly payments more affordable and making it easier to manage your budget.

• Reduced Total Loan Cost: A lower interest rate significantly decreases the total amount of interest paid over the life of the loan, saving you money in the long run.

• More Manageable Debt Repayment: With lower interest rates, more payments go towards the principal balance, helping you pay off the loan faster and reducing your overall debt burden.

• Improved Cash Flow: Lower interest payments free up more of your income, which can be used for other financial goals, investments, or unexpected expenses.

• Increased Borrowing Power: Low-interest loans may qualify you for more significant loan amounts, giving you more flexibility in financing major purchases or consolidating higher-interest debts.

• Enhanced Financial Stability: Securing a low-interest loan minimizes the financial strain of borrowing, leading to better economic stability and reducing the risk of falling into debt traps.

• Better Loan Management: Lower-interest loans often come with more favorable terms, such as more extended repayment periods or fewer fees, making managing and staying on top of your loan obligations easier.

• Opportunity for Credit Improvement: Consistently paying off a low-interest personal loan can improve your credit score over time, opening up even better borrowing opportunities in the future.

Also Read: Finance in Business: Basics, Role, and Importance

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Best Company To Get a Personal Loan From - Top Personal Loans Lenders in The Philippines in 2025

Finding the best company to get a personal loan from in 2025 is essential for anyone looking to secure funding with favorable terms. With so many lenders offering personal loans, it’s necessary to choose one that not only provides low interest rates but also offers flexible repayment options, excellent customer service, and a straightforward application process.

Here, take a look at some of the top lenders offering low-interest personal loans in 2025, which help businesses make the right financial decisions that align with their financial needs - 

1. LightStream

LightStream is the online lending division of Truist Bank, known for its robust personal loan offerings. It caters to individuals with good to excellent credit scores, providing a seamless borrowing experience with competitive terms that distinguish it from many other lenders in the market.

LightStream positions itself as a digital-first lending platform that minimizes overhead costs typically associated with traditional banks,  allowing them to offer loans with appealing rates and terms. Whether for consolidating debt, home improvement, or financing a large purchase, LightStream has various loan options to suit multiple needs.

Loan Amounts Available

One of LightStream's standout features is its flexibility in loan amounts. Borrowers can secure loans ranging from PHP 281k to PHP 6 million. This broad spectrum caters to both minor and major financial needs, making LightStream a versatile choice for personal loans.

Competitive Interest Rates

The recent regulatory update has set the maximum economic benefit limit for productive P2P loans at 0.1% per calendar day, which LightStream adheres to, ensuring their rates remain within legal boundaries. The overall APR offered ranges from 7.49% to 25.49%.

Repayment Terms

LightStream offers a range of repayment terms to suit the borrower’s financial situation. They provide terms from 2 to 7 years, allowing borrowers to choose a repayment schedule that aligns with their financial plans. This flexibility can be particularly beneficial for managing monthly payments and long-term financial planning.

Fee Structure

LightStream takes pride in its no-fee policy. There are no origination fees, prepayment penalties, or late fees. This transparent approach can help borrowers better plan their finances without worrying about unexpected costs or charges, making it a straightforward and budget-friendly option.

Time to Receive Funding

One of LightStream's most remarkable features is its quick funding process. Approved borrowers can receive funds as soon as they apply on the same day. This swift turnaround time is ideal for individuals who need immediate access to funds, whether for an emergency expense or a time-sensitive purchase.

Bonus Benefits

LightStream offers several additional benefits that enhance the borrowing experience. They provide a Rate Beat Program, where they promise to beat any competitor’s rate by 0.10 percentage points if certain conditions are met. 

Moreover, they stand by their customer satisfaction guarantee. If borrowers are unsatisfied with their loan experience, they can receive PHP 6k upon completing a questionnaire within 30 days of loan funding.

Also Read: Understanding Working Capital Needs For A Small Business

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2. American Express

When most people think of American Express, they envision credit cards with generous rewards points and premium perks. However, American Express also offers competitive personal loans that are gaining traction in the financial market.

American Express provides personal loans tailored to those with good to excellent credit scores. These loans are particularly appealing due to their streamlined application process and the robust brand backing them, and unlike traditional loans that may require extensive paperwork and waiting periods, American Express simplifies the process for qualified applicants.

Loan Amounts Available

American Express offers personal loans ranging from PHP 197k to PHP 2.2 million, suitable for various needs, such as consolidating high-interest debt, making a significant purchase, or handling unexpected expenses.

Competitive Interest Rates

One of the standout features of American Express personal loans is its competitive interest rates, which typically range from  5.91% to 18.95%, depending on the applicant's creditworthiness and the loan term selected. 

These rates are attractive and can lead to significant savings compared to rates from other lenders that might be higher for similar applicants. The recent regulations, effective November 2023, have enforced caps on interest rates, ensuring that lending practices remain fair and transparent.

Repayment terms

American Express offers flexible repayment terms ranging from  12 to 48 months. Borrowers can choose a term that aligns with their financial goals and budgetary constraints. 

Shorter repayment terms will result in higher monthly payments but less interest paid over the life of the loan. In comparison, longer terms will have lower monthly payments but accumulate more interest.

Fee Structure

The absence of hidden fees makes borrowing straightforward and more affordable.

Time to receive funding

Funding is usually received in 1 to 2 working days. This quick turnaround time helps those who need money quickly while providing peace of mind from working with a reputable lender.

Additional Benefits

In addition to competitive rates and flexible terms, American Express personal loans offer some attractive bonus benefits. One notable perk is the ease of managing your loan through the American Express app, where you can easily make payments, track your loan balance, and manage your account. 

The process may be even more straightforward for existing American Express cardholders, taking advantage of their existing relationship with the company.

Also Read: Exploring Instruments for Alternative Finance Providers

3. SoFi

Navigating the world of personal loans can be overwhelming, but SoFi is a lender that simplifies the process while offering competitive rates and flexible terms.

SoFi, short for Social Finance, is a modern financial services company that has quickly risen to prominence. Known for its user-friendly online platform, SoFi makes applying for personal loans straightforward and transparent.

Loan Amounts Available

SoFi offers loan amounts ranging from PHP 281k to PHP 6 million.

Interest Rates Offered

SoFi's interest rates range between 8.99% and 29.49% APR. The exact rate you receive will depend on your creditworthiness and other financial factors. SoFi’s rates are among the lowest you’ll find in the market.

Repayment Terms

SoFi's repayment terms are flexible, offering options between 2 and 7 years. Whether you want to pay off the loan quickly or reduce your monthly expenses with a longer term, SoFi has you covered.

Fee Structure

One of SoFi’s standout features is its lack of fees. There are no origination fees, late fees, or prepayment penalties. This no-fee structure is especially appealing for those wary of unexpected costs.

Time to Receive Funding

Speed is another area where SoFi excels. Once approved, borrowers can typically expect to receive their funds within a few days. This quick funding process is ideal for those needing immediate access to cash.

Additional Benefits

SoFi goes beyond with bonus benefits that add value:

•  Unemployment Protection: SoFi will temporarily pause your payments and help you find a new job if you lose your job.
•  Career Coaching:  Access to professional career counselors can help you advance or pivot your career.
•  Member Events:  Networking opportunities and seminars are regularly offered to SoFi members.

Also Read: Improving Efficiency in Finance Business Processes

4. Discover Personal Loans

Discover Personal Loans is a service provided by Discover Bank that offers unsecured personal loans to assist in various financial needs, including debt consolidation and large purchases.

Loan Amounts Available 

With Discover, you can borrow between PHP 141k and PHP 2 million. This range is suitable for managing debt and unexpected expenses.

Competitive Interest Rates 

Interest rates for Discover Personal Loans range from 7.99% to 24.99% APR, depending on your creditworthiness. These rates are competitive and help make repayment manageable.

Repayment Terms 

Discover offers flexible repayment terms, ranging from 36 to 84 months. This flexibility lets you choose a term that best fits your financial plan.

Fee Structure 

Discover does not charge origination fees or prepayment penalties. However, late fees may apply if you miss a due date.

Time to Receive Funding 

Once approved, you can get your funds within the next business day. This rapid turnaround is helpful when you need money quickly.

Additional Benefits 

Discover Personal Loans have added benefits, including U.S.-based loan specialists for assistance and responsible borrowing measures. By November 2023, loans won’t exceed 50% of your monthly income, further decreasing to 40% by November 2025, ensuring borrowers do not overextend financially.

Also Read: Quick Cash Loans without Collateral in the Philippines

5. Upstart

Upstart is a forward-thinking personal loan lender that stands out because it uses artificial intelligence (AI) and machine learning to assess loan applications. This innovative approach helps Upstart offer more personalized loan products, making it a compelling choice for many borrowers.

Loan Amount Offered

Upstart provides a flexible range of loan amounts, typically from PHP 56k to PHP 3 million. This range suits various financial requirements, whether you need a small amount for an unexpected expense or a more considerable sum for something significant like a wedding or home renovation.

Interest Rate Offered

Upstart's AI-powered assessments consider more than just your credit score; they incorporate additional factors like education and employment history. As a result, they offer competitive rates ranging from 7.80% to 35.99% APR, depending on your overall credit profile.

Repayment Terms

Borrowers can benefit from flexible repayment terms, usually between 36 to 60 months. This range allows customers to select a plan that fits their financial situation, helping them balance monthly payments with the total cost of the loan.

Any Additional Fees

Upstart charges an origination fee ranging from 0% to 8% of the loan amount. However, there are no prepayment penalties, which is a significant plus if you want to pay off your loan early and save on interest.

Time to Receive Funding

One of Upstart's standout features is its quick approval time. Once approved, you can generally expect to receive funds within one business day. This rapid funding process is ideal for those who need cash quickly.

Bonus Benefits

Upstart also emphasizes transparency. They publish loan performance metrics regularly so that you can view loan classifications such as Performing, Substandard, Doubtful, and Loss. This transparency allows you to make more informed decisions about borrowing from them.

Also Read: Fast Business Loans for Quick Cash in 2024

6. Upgrade

Upgrade is a lender that stands out for its flexibility and accessibility, especially for borrowers with fair credit. Whether you're looking to consolidate debt, refinance your credit cards, or fund a home improvement project, Upgrade offers various loan products to meet your needs.

Loan Amounts Available 

Upgrade provides a wide range of loan amounts, from as little as PHP 56k to a substantial PHP 3 million. This flexibility ensures you can borrow exactly what you need without being forced into borrowing more or less than required.

Competitive Interest Rates 

The interest rates at Upgrade range from 9.99% to 35.99% APR. While the upper limit may seem high, the starting rate is competitive for those who qualify. Your actual rate will depend on various factors, including your credit score, income, and overall financial profile.

Repayment Terms 

Upgrade offers repayment terms ranging from 12 to 84 months when it comes to paying back your loan. This means you can choose a term that fits your financial situation, making it easier to manage your monthly payments.

Fee Structure 

One thing to note is that Upgrade charges an origination fee of 2.9% to 8% of the loan amount, which is deducted from your total loan amount before you receive the funds. Additionally, there's a late fee of PHP 562 if you miss a payment. While these fees are standard among personal loan lenders, it's always good to be aware of them upfront.

Time to Receive Funding 

If you require quick access to funds, Upgrade is a solid choice. Once your loan is approved, you can expect to receive the money in your bank account within one to four business days. This speedy disbursement can be crucial for addressing urgent financial needs.

Additional Benefits 

Upgrade offers several bonus benefits that add significant value for its borrowers. For starters, there's no prepayment penalty, so you can pay off your loan early without any extra charges. This can save you a considerable amount of money on interest. 

Additionally, Upgrade provides free credit monitoring and educational tools to help you manage and improve your credit score. This feature can particularly benefit those looking to boost their financial health in the long run.

Conclusion

Choosing the right personal loan lender with low interest rates in 2024 requires careful consideration of each lender's features and benefits. Comparing these aspects helps you find the best fit for your financial needs, from flexible repayment terms to minimal fees and excellent customer service. 

However, beyond just comparing lenders, it's essential to consider factors like loan terms, fees, and the overall cost of borrowing when selecting a low-interest personal loan.

Moreover, as this article has already explained in detail, enhancing your credit score and practicing financial discipline are also crucial steps in securing better rates because having a higher credit score not only increases your chances of approval but also opens the door to more favorable loan terms, ultimately reducing your financial burden.

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Frequently Asked Questions (FAQs)

1. What are the best personal loan companies for Philippine companies in 2024?

The best personal loan companies for 2024 include SoFi, LightStream, and Marcus by Goldman Sachs. 

• SoFi stands out for its no-fee loans and unemployment protection, making it ideal for borrowers seeking flexibility. 
• LightStream offers competitive low-interest rates, especially for those with excellent credit, and provides a rate-beat program. 
• Marcus by Goldman Sachs is known for its transparent terms, no fees, and excellent customer service, making it a solid choice for debt consolidation or large purchases. 

2. What is the interest rate on a personal loan in 2025?

Interest rates on personal loans in the Philippines in 2024 can vary widely depending on several factors, but on average, they range from 13% to 35% APR. Certain factors influence it, including - 

• Lender: Different lenders have different interest rate policies.
• Loan amount: Larger loan amounts may have lower interest rates.
• Credit score: A higher credit score can lead to a lower interest rate.
• Loan term: Longer loan terms may have higher interest rates.

3. Is 7% a reasonable rate for a personal loan?

Whether a 7% interest rate for a personal loan is suitable depends on several factors, including - 

• Market rates: Compare the rate to current market averages.
• Loan terms: Consider the loan term and total interest cost.
• Credit score: You can get a lower rate if you have a good credit score.
• Fees: Check for any additional fees that could increase the overall cost.

Overall, a 7% interest rate for a personal loan can be considered competitive, but it's always a good idea to shop around and compare offers from different lenders.

4. How do you get the lowest personal loan interest rate?

To get the lowest personal loan interest rate, focus on the following factors - 

• Improve your credit score: A higher credit score indicates responsible financial management and can qualify you for lower rates.
• Shop around: Compare offers from different lenders to find the best deal.
• Consider a shorter loan term: A shorter-term generally results in lower interest costs.
• Negotiate: Try negotiating for a lower interest rate, especially if you have a strong credit history or are a long-time customer.
• Look for online lenders: Online lenders often offer competitive rates and streamlined application processes.
• Consider a cosigner: Having a cosigner with a good credit score can help you secure a lower interest rate.