Soscredit — loans online in Philippines

Soscredit offers its customers attractive terms and conditions for borrowing services. You also get the opportunity to get a loan 24 hours a day, 7 days a week without going to a credit institution.

SOS Credit is a loan comparison platform, not a direct lender, operated by a Latvian company. It offers loans from ₱1,000 to ₱25,000 with 0–180% APR. New clients can get their first loan with 0% commission, but the foreign company ownership and lack of clear Philippine SEC registration may be concerning for some users.

SOS Credit (soscredit.ph) is an online loan platform in the Philippines that offers fast cash loans. It is not a direct lender but a loan comparison service that connects borrowers with authorized lenders in the Philippines. The platform is operated by Online Media LLC (Schaefer SIA), a company registered in Latvia (Saldus, Liela iela 9, LV-3801), not in the Philippines.

Loan Terms

• Loans to new clients up to PHP 7000 without interest and 0% commission
• Amount from PHP 1,000 to 25,000
• Without guarantor and pledge up to PHP 10 000
• Repayment period: 3 to 12 months (minimum 3 months with extension option)
• APR: 0% to 180% per year
• New clients: First loan from ₱1,000 to ₱10,000 with 0% commission if repaid on time
• A unique approach for each client
• The minimum loan repayment period is 3 months with an extension, maximum loan repayment period is 12 months

Requirements to borrowers

• Permanent resident of Philippines aged 20–70
• Any credit history accepted
• Bank account in a Philippines bank
• Active telephone number
• Fill out the online application

How to apply and get money

• Fill out the application
• Wait for a decision
• Receive money in your bank account

Why choose Soscredit

• Beneficial. New clients get a 100% commission discount
• Fast. On average a loan can be formalized in 15 minutes
• Accessible. Loan is available from 20 years of age
• Flexible. Choose a monthly payment amount
• Smart. Withdraw all or part of the money
• Easy. Opportunity to apply for extra money or loan

Important notes

• The app states "We are not a loan company or credit intermediary" — it only offers loan comparison services for informational purposes
• The app is free to use for all users
• Offers do not include all financial institutions or their products
• The company operates from Latvia, not the Philippines, which may raise concerns about legitimacy for Filipino users
• Contact: [email protected] or [email protected]

Example: Loan of 20000 ₱ for 6 months, monthly payment 5716 ₱, total amount 34296 ₱, annual percentage rate APR 143%.APR is the total cost of a loan expressed as a percentage of the total amount of loan granted per year. The maximum APR possible is 180%