With hundreds of apps claiming to offer loans in the Philippines, knowing which ones are legitimate and SEC-registered is critical. This list covers 12 apps that are confirmed in the SEC Financing and Lending Company registry as of March 2025, with their real APRs and independent Risk Scores.
- →All 12 apps on this list are confirmed SEC-registered as of March 2025
- →SEC registration does NOT mean low APR — some registered apps still charge 100%+ APR
- →Verify any lender directly at sec.gov.ph using the registered company name, not the app name
- →BSP-supervised banks and e-money issuers have additional consumer protections beyond SEC
- →Risk Scores below 60 indicate significant consumer risk even for SEC-registered apps
12 SEC-Registered Lending Apps — March 2025
All Risk Scores and APRs are updated monthly. SEC registration status verified at sec.gov.ph.
| App Name | SEC Registration | Risk Score | Max Loan | APR (Starting) |
|---|---|---|---|---|
| Tonik Bank | BSP-Licensed Digital Bank | 81/100 | ₱250,000 | 15.2% |
| UnionBank Quick Loan | BSP Commercial Bank | 78/100 | ₱200,000 | 18.5% |
| CIMB REVI Credit | BSP Commercial Bank | 76/100 | ₱150,000 | 23.8% |
| Maya GLoan | SEC + BSP EMI | 74/100 | ₱80,000 | 36.0% |
| GCash GLoan | SEC + BSP EMI | 71/100 | ₱50,000 | 42.0% |
| SB Finance | SEC Financing Company | 69/100 | ₱200,000 | 28.0% |
| Digido | SEC Lending Company | 65/100 | ₱25,000 | 146.0% |
| Cashalo | SEC Lending Company | 62/100 | ₱12,000 | 119.0% |
| Blend | SEC Financing Company | 67/100 | ₱500,000 | 24.0% |
| RFC (Radiowealth Finance) | SEC Financing Company | 68/100 | ₱150,000 | 26.0% |
| Robocash | SEC Lending Company | 61/100 | ₱25,000 | 180.0% |
| Tala Philippines | SEC Lending Company | 58/100 | ₱15,000 | 130.0% |
How to Verify SEC Registration Yourself
Never trust claims in an app or advertisement. Always verify independently using these steps.
- Step 1: Go to www.sec.gov.ph and find the "Company Search" function
- Step 2: Search using the registered company name — NOT the app name (e.g., "Fuse Lending" for GCash GLoan)
- Step 3: Check that the company type is "Lending Company" or "Financing Company"
- Step 4: Verify the registration status is "Active" — not "Suspended" or "Revoked"
- Step 5: Check that the Certificate of Authority (CA) number is listed and not expired
- Step 6: For banks, verify at BSP (www.bsp.gov.ph) under "Supervised Financial Institutions"
SEC vs BSP Supervision: Which is Safer?
SEC and BSP oversight provide different levels of consumer protection. Here is what each means for borrowers.
- ✓BSP-supervised (banks and e-money issuers): Highest protection. Subject to strict capital requirements, consumer protection regulations, and regular audits. Best choice when available.
- ✓SEC-registered Financing Company: Mid-tier protection. Must comply with RA 9474 and BSP Circular 1034 on disclosure. Complaints handled by SEC.
- ✓SEC-registered Lending Company: Basic protection. Lighter regulation than financing companies. Higher risk of predatory practices — always check Risk Score.
- ✓Unregistered lenders: Zero consumer protection. Illegal to operate in the Philippines. Never borrow from unregistered lenders regardless of advertised rates.
Frequently Asked Questions
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Disclaimer: ClearLoan PH provides financial information for comparison purposes only. We are not a lender, bank, or financial advisor. APR figures, Risk Scores, and SEC registration status are verified at the time of publication but may change. Always verify directly with the lender before applying. Some links on this page may be affiliate links.
