If you want a budget friendly travel with your friends then Malatan-og falls is your answer.
Here is the Travel guide for you

How to get there in Malatan-og falls:
FROM ILOILO CITY
๐Take a fast craft going to Bacolod it would take 1 hr or 45 mins (300-400 php)
๐When arriving at the Port, next is to get to Bacolod South Terminal you can either ride a taxi or a jeepney
FOR THOSE WHO WANT TO COMMUTE:
๐When you arrive at Bacolod Bredco port ride an electric trisikad or tricycle to drop you at SM CITY (fare is around 10-20 php)
๐ Then look for ones with a “San Agustine or La Salle” labels.
๐ Then ask the driver if he could drop you off at Bacolod South Terminal (fare: 8 php)
(continuation below๐๐๐)
FROM BACOLOD CITY
Bacolod South Terminal โน Don Salvador Benedicto
๐When arriving at the Bacolod South Terminal take a Ceres Bus ride bound to San Carlos City via Don Salvador for 45 mins. – 1hr.
๐Tell the Driver/Kunduktor to drop you at Lantawan or Malatan-og falls (they know the drill HAHAH)
๐Fare is around Php100 (AIR CONDITION)
โ IF YOU’RE A STUDENT JUST BRING YOUR SCHOOL I.D. FOR DISCOUNT ๐
Nearby attractions:
Balokon Resort
DSB Pine trees
1km Everest Zipline
Jomax Peak
Mini Rice Terraces
โโโ TIPS โโโ
๐บ At Lantawan you can hire a tour guide (fee: 200-300)
๐ธ Don’t bring to much – because the trail is very “sketchy” if you’re a first timer.
๐บ Your shoes? – Hiking shoes or any shoes that is not slippery
๐ธ Your Bag? – Backpack
๐บ Your Outfit? – Don’t use jeans. I must prefer that is very comfortable which you can move properly
๐ธBring water and snacks. You’ll get hungry and thirsty after trekking