Personal Loan Picks: From Affordable to High-Capacity

UnionBank offers the lowest monthly add-on rate at 1.26%, perfect for borrowers seeking to minimize interest costs. While its ACR of 26.9% isn't the lowest on the market, the fully digital application process and up to 60-month terms make it a convenient choice. Its limited branch network could be a downside if you prefer in-person service.

BPI Personal Loan stands out with its attractive starting rate of 1.20% monthly, translating to an ACR of 25.03%. Although a processing fee and documentary stamp tax apply, its high loan ceiling and no collateral requirement make it a strong contender for existing BPI clients.

Metrobank Personal Loan provides flexibility with tiered rates from 1.25%, favoring longer terms of 24-36 months. With a major bank's backing and no prepayment penalty above $550 or 5% of balance, it's well-suited for those who value branch access and stability.

Tonik Quick Loan is a digital-first option for first-time borrowers or those looking to build credit without prior history. Despite its higher starting rate of 4.20% monthly, it offers fast approval and a fully app-based experience, albeit with a small loan cap.

CTBC Bank's Salary Stretch Loan offers competitive rates starting at 1.39% monthly, without a separate processing fee, which is a rarity. Targeted at salaried professionals, it combines flexibility in disbursement options with the backing of an international bank.

RCBC Pasado Loan provides a substantial loan ceiling up to ₱5 million and terms extending to 60 months, making it attractive for high-value needs. While the add-on rate starts at 1.30%, a wide EIR range depending on the credit profile might affect costs. Its flexibility and high limits suit those with significant funding requirements.