An online loan can solve a number of money problems when you need cash fast and have few options. Quick loans are the go-to for many consumers in the Philippines because they have few requirements and fast disbursement times. Soscredit is a popular loan broker among Filipinos looking for simple cash loans. Although online loans are not complicated, you must still be cautious about the lender you select. So, before taking out a Soscredit loan, know more about the institution. This review tells you what you need to know about Soscredit, including how to apply for an online loan.

About Soscredit

We advise readers to only borrow money from a reputable lending company. Soscredit is an independent broker registered with the SEC. Therefore, it has to abide by a set of rules designed to protect consumers. The service offers special lending terms and other vital information to help borrowers make smart decisions. Soscredit provides loans for first-time borrowers without a commission. So, it’s one of the top brokers to consider if you are borrowing for the first time.

The lending service doesn’t impose strict eligibility terms. If you have a bank account with a credible Filipino credit institution, then the rest is easy. As with most online lenders, Soscredit doesn’t ask for a guarantor, thus availing credit to many people. Loans are available around the clock. Additionally, the platform has a mobile app, enabling you to borrow funds from anywhere in the country.

Loans Offered by Soscredit

Loans Offered by Soscredit

The broker advances cash to applicants between 20 and 65 years. As a new borrower, the maximum you can get is PHP 7,000, with a minimum repayment period of 3 months. If you need extra money, Soscredit allows another loan application if you didn’t use the entire line of credit provided initially. Also, new clients get a commission-free first loan, meaning they don’t have to pay a commission.

This discount is available for the first 62 days. The maximum loan amount for returning customers is PHP 200,000 for 60 months. Note that the loan amount you are eligible for is not constant. Soscredit reviews cases individually before approving a line of credit. The maximum interest rate on Sos credit loans is 795%.

Advantages of Borrowing Money from Soscredit

As an online lending service, Soscredit offers loans 24/7. So, when you have an emergency, it’s a reliable solution to consider. As long as you can access the internet, you can apply for a loan. The application process is simple, making it a good option for almost everyone. You will learn more about the application requirements, but you can be sure they are not difficult to meet. A bank account with a credit institution in the Philippines is the most crucial part. Soscredit offers fast loans. If a loan is granted, it takes approximately 15 minutes to receive the money in your bank account.

The 100% commission available to new clients saves money. It means the total loan amount is available to use. Sos credit is flexible, allowing you to pick a monthly payment amount that works for you. Once a loan is disbursed, you have the choice to cash out all or part of the funds. Soscredit handles every application individually. Therefore, your loan approval depends on the information you provide. You also have a chance to apply for another loan, if the need arises.

How to Get a Loan from Soscredit Philippines

How to Get a Loan from Soscredit Philippines

An online loan is a common alternative to source urgently needed money because it is easier to apply for than other products. It’s why companies like Soscredit and other online lenders are thriving in the Philippines. Taking out a Sos credit loan is uncomplicated, even for a novice borrower. You only have to satisfy the eligibility requirements and provide all required documents. Whether you get a positive answer or not depends on how well you do the application. Hence, be careful. It should take about 5 minutes to complete the entire process. Below is a rundown of what to do.

Borrower Requirements

  • You have to be at least 20 years old to borrow money from Soscredit. The maximum age for a loan application is 60 years.
  • A borrower must be a Filipino citizen residing in the country to apply for a loan.
  • You need an active bank account with a credit institution or bank in the Philippines.
  • You must have a regular income to apply.
  • The broker also requires your personal code.


  • Proof of identity is a must-have for all online loans. So, you need to provide a valid ID.
  • Proof of income, such as previous payslips, is necessary to indicate a regular income. However, the company doesn’t require a note from an employer.
  • You must provide your bank account details.
  • You need to submit a complete application form and pay the registration fee.

The Application Process

Applying for a loan at Sos credit is easy. Here’s a step-by-step:

Step 1

Go to the Application Page

On the Soscredit official website, navigate to the ‘Apply for a Loan’ section.

Step 2

Choose the Amount

Decide how much money you wish to borrow. New clients qualify for up to PHP 7,000. Click on ‘Get Loan’ to proceed.

Step 3

Complete the Form

Fill out the application form with the required details, including your full name, personal code, email, and mobile phone number.

Step 4

Wait for a Decision

A few minutes after completing the application, you will know the decision.

Step 5

Receive Money

If it’s a positive answer, the money will be available in your bank account shortly.

How Long Does it Take to Get Approved?

Soscredit prides itself on fast loan approval and quick disbursement. If your application goes without a glitch, then it takes only a few minutes to learn if you got the loan or not. In the instance of a positive answer, you can access the funds in less than an hour. If your bank account and the lenders are in the same bank, you receive money in 15 minutes. However, if your bank account is in a different bank, then it can take up to one day after loan approval to receive money. Disbursement doesn’t last longer than three days. Ensure you fill out the form correctly and submit all the necessary documents to avoid delays.

Ways to Obtain and Repay the Loan

A bank account is the main method used for the money transfer between the borrower and lender. If you intend to apply for a Soscredit loan, then you need an account with a credit institution in the Philippines. You have to submit the account information during the application to be used for loan disbursement. When paying the registration charge, which acts as the loan processing fees, you can do it from a bank account. The lending service will use the same account to send the money.

Soscredit also accepts bank cards. If using a card, ensure it’s valid and submit accurate details. Loan repayment is also made via banks. You can repay your loan in-branch from any bank in the country. Alternatively, you could deposit the monthly payment amount using online banking. Remember, the invoice must be cleared in due time. Late repayment attracts additional interest. Soscredit also charges you for reminders and debt recovery costs.

Customer Service and Contacts

Soscredit Philippines Customer Service and Contacts

Regardless of how simple the process is, you might still encounter problems. You might also want to ask a few things before applying for a loan. An online loan is a considerable commitment, and you must be certain it’s the right solution for you. Soscredit Philippines makes it easy to find the answers you seek. The lending service has an active customer support team to help borrowers.

If you need to contact customer service directly, the best way is through email. On the website, click on ‘Contacts’ on the navigation bar at the top. You will find the email contacts. Expect the service to respond within the day. The site doesn’t have a live chat facility, though, which is a downside, especially when you need urgent responses. However, it has FAQs that cover a few basics. Check out this section first to see if it answers your questions. Soscredit promises to maintain the confidentiality of customer data.


A quick cash loan offers a practical solution in many situations. You can’t predict when an urgent matter requiring money comes up, and you might not always have the means to handle it. Imagine your roof getting damaged and your insurance can’t cover it, or your air conditioner breaking down and you can’t afford a new one. An online loan can bail you out in such circumstances. Soscredit is designed for these moments.

The independent broker works to increase access to internet loans for Filipinos. It has a hassle-free application process that almost anyone can handle. The requirements are also minimal, enabling most people with an income to qualify. Depending on your eligibility, you can get a decent Soscredit loan to help you meet your cash needs. Before taking out a fast cash loan, though, ensure it’s right for you.