MoneyCat Online Loan offers instant cash loans through an online application process for eligible Filipinos living in the Philippines.
First-time borrowers are offered 0% interest and no processing fee, while the approved amount, repayment period and charges depend on the lender’s assessment.
MoneyCat Online Loan: best loan for smaller urgent expenses?
For borrowers comparing short term loans, MoneyCat offers amounts starting at PHP 500 and going up to PHP 20,000. Its product overview advertises 3 to 6 months, while the FAQ specifies 65 to 180 days, depending on the credit product and individual profile.
The first-loan promotion may help eligible new customers get a loan without interest or a processing fee.
Repeat borrowers should review their individual pricing: the product overview lists 11.9% monthly interest and a maximum APR of 145%, and other fees must be checked in the terms and disclosure statement.
Should I get an online loan from MoneyCat?
MoneyCat operates through MoneyCat Financing Inc., a financing company rather than a bank. Its online loan application can be completed remotely, with identity verification and disbursement to a bank account in your name.
The company publishes its SEC registration and lending authority details on its website.
Before you get a loan, check whether the full repayment fits your income and existing expenses. The advertised five-minute process is not a guaranteed cash-release deadline.
MoneyCat’s FAQ says approval results can take up to 24 hours, while transfers may arrive from five minutes after approval to 6 PM on the following banking day, depending on your bank.
How to get a loan from MoneyCat
To prepare your MoneyCat loan application, you will need to:
- Meet the advertised minimum age: Be at least 22 years old.
- Meet the residency requirement: Be a Filipino currently living in the Philippines.
- Have an eligible income source: MoneyCat identifies employed individuals and selected professionals as eligible applicants.
- Prepare identification: Have a valid government-issued ID and a recent photo holding it, as required by the terms.
- Have an active mobile number: Use it to receive OTP codes, verification calls and application updates.
- Provide your email address: Your approved loan documents and conditions will be sent electronically.
- Have a bank account in your name: Provide accurate account details for disbursement.
- Pass the assessment: Your requested amount and term are not guaranteed.
How to apply for the loan
- Visit the official MoneyCat website: Select the amount you would like to borrow.
- Complete the application: Provide accurate personal, contact and bank account information.
- Review the terms and privacy policy: Understand the conditions before submitting.
- Verify your application: Enter the OTP sent to your mobile number and provide the identification requested.
- Keep your phone available: MoneyCat may call to verify information and discuss your financing needs.
- Wait for the decision: The FAQ advertises results by email or SMS in as fast as five minutes and within 24 hours.
- Check the final conditions: Review the approved amount, term, fees and total repayment sent by email and SMS; these may differ from your request.
- Receive the proceeds: Funds are transferred to your bank account after approval, with timing dependent on the receiving bank.
- Repay through Dragonpay: Follow the payment instructions in your account and retain your payment confirmation.
Frequently asked questions
Can I get a loan from MoneyCat even if I am unemployed?
MoneyCat lists employed individuals and selected professionals as eligible borrowers.
If you are unemployed, do not assume you qualify for a loan application simply because the site advertises no income confirmation. Ask MoneyCat whether your income source meets its assessment criteria.
How much can I get approved for under MoneyCat Online Loan?
The available loan amount ranges from PHP 500 to PHP 20,000. Your approved amount may differ from your request after assessment. MoneyCat sends the final amount, term, fees and total repayment by email and SMS.
How can I fully pay off MoneyCat Online Loan?
Log in to your account and check the full repayment due on the day you intend to pay your loan amount.
Select the full repayment option, choose an available Dragonpay payment channel and follow its instructions. MoneyCat confirms that early payment is possible; keep the receipt and check the confirmation email.
How can I cancel my loan application with MoneyCat?
MoneyCat’s FAQ says you can cancel your loan application while it is still under assessment, but cannot cancel through that process after approval and transfer.
However, its terms also describe a 24-hour cooling-off period after receiving the approved documents and funds, during which the borrowed amount can be returned through the platform’s repayment methods.