MyLoan Lending Investors Inc. is a Philippine lending company that operates the PesoCash online lending platform. The service provides unsecured cash loans through a mobile application, allowing customers to register, submit personal and employment information, wait for an assessment, and receive approved funds without visiting a physical branch.
The official PesoCash website identifies MyLoan Lending Investors Inc. as the corporate and business name behind the platform. The company publishes its registration details, contact numbers, privacy policy, general terms, and loan-agreement template online.
According to the current official Google Play listing, PesoCash publishes the following product conditions:
These figures describe the conditions published for the current version of the PesoCash application. The amount and repayment option available to a particular applicant may still depend on the company’s review and credit assessment.
The maximum ₱8,000 limit should not be interpreted as a guaranteed first loan. PesoCash states that limits and loan periods may be increased based on the customer’s credit score and the information supplied through the application.
PesoCash provides an example of an ₱8,000 loan with a 150-day term and a daily interest rate of 0.05%.
The published calculation is as follows:
The transaction fee is deducted through the transaction channel when the loan is successfully released. The example does not mean that every borrower will receive the same amount, fee, term, or payment schedule. The individual offer displayed in the application should be reviewed before confirmation.
The official application description states that an applicant should:
PesoCash does not state that satisfying these basic requirements guarantees approval. The company reviews the information and credit record of each applicant before deciding whether to release a loan.
The loan agreement also states that the applicant must be a natural person with the legal capacity to enter into and perform the obligations of the agreement under Philippine law. The borrower must personally complete the application and provide true and valid information.
The PesoCash homepage divides the application form into three main categories:
The website states that this information can be completed in approximately five minutes. The stated time refers to filling out the form and does not guarantee that the credit review or disbursement will also be completed within five minutes.
The company’s privacy policy and loan agreement indicate that applicants may need to provide or permit the processing of:
The exact information requested may depend on the application version and the verification procedures applied to the customer.
The applicant must download the PesoCash application using a channel linked from the company’s official website or its official Google Play listing.
The current Google Play product is called Pesocash – Safe Online Loans and is published by MyLoan Lending Investors Inc. Applicants should verify the developer name before installing the application.
PesoCash collects the customer’s mobile phone number during registration. According to the privacy policy, the number is used to register the account, verify the user’s identity, and protect account security.
The borrower is responsible for protecting passwords, verification codes, and other access credentials. The general terms state that access codes should not be shared with unauthorized users.
The applicant enters personal, emergency-contact, and employment information. PesoCash may also request an ID image and a personal photo during the application. Camera access is requested so that the customer can photograph and upload the necessary documents.
The information must be accurate and current. Under the published loan agreement, the borrower must notify the platform within three days when important information such as the address, contact number, or emergency contact changes.
After submission, PesoCash evaluates the application and credit information. The platform has the right to decide whether a loan will be issued based on its review of the borrower’s information and credit record.
The general terms also state that approval is at the lender’s discretion. A preliminary or pre-approved offer does not itself constitute final approval or a guarantee of disbursement.
Before accepting the loan, the borrower should review the transaction documents shown in the application. The general loan agreement contains fields for:
The general terms state that the interest rate applicable to the loan is the rate specified in the individual transaction documents.
If the application is approved and all conditions are satisfied, the loan may be transferred to the account stated in the application.
PesoCash’s terms define the receiving account as the bank account provided for disbursement. The borrower must verify that the account details are correct before confirming the transaction.
The official application listing publishes a maximum APR of 18.25%, equivalent to a daily rate of up to 0.05%. It also states that the service fee is 0%, while a transaction fee of ₱25 to ₱130 may be charged in advance by the transaction channel after a successful loan.
The generic loan-agreement template separately refers to a platform management fee. According to that document, this fee may include platform approval, collection, and payment-channel costs and may be deducted before the loan is released.
Because the official documents use different fee descriptions, applicants should check the actual amount shown in their Disclosure Statement and transaction documents. A borrower should compare:
The current app listing states that the service fee is zero, but this does not remove the separate transaction fee published by PesoCash.
The repayment date and payment schedule are specified in the individual transaction documents. The general terms require each payment to be made on or before its applicable due date.
The official app example calculates repayment as five monthly payments of ₱1,720 for a 150-day loan. However, the generic loan-agreement template states that the borrower repays the principal and interest to the designated account when the bill becomes due.
Since these materials describe repayment differently, the schedule displayed in the borrower’s individual application and signed agreement should be treated as the applicable schedule.
The borrower must use the designated payment account or official payment channel provided by PesoCash. Payment receipts and transaction-reference numbers should be retained until the payment is reflected in the account.
PesoCash’s general terms state that a loan cannot be cancelled after the funds have been received in the borrower’s bank account.
The same terms state that an additional or excess payment may be refunded within 30 days after the company completes its account reconciliation.
The public documents do not clearly describe a universal early-repayment procedure or whether early settlement changes the amount of interest due. Borrowers should therefore check the specific agreement or contact PesoCash before paying the account ahead of schedule.
PesoCash’s loan-agreement template states that the borrower must pay the full required amount before midnight on the final repayment date. A failure to complete the repayment obligation may be treated as a default.
The agreement refers to overdue liquidated damages calculated as a proportion of the remaining principal. However, the public template does not specify one fixed percentage. It also states that legal costs may be charged to the borrower when a lawsuit results from the borrower’s breach of contract.
The general terms state that, following an event of default, the lender may:
The exact default rate and overdue charges should be stated in the borrower’s individual transaction documents.
The PesoCash privacy policy identifies several categories of information that may be collected through the application.
The mobile phone number is used for account registration, identity authentication, and account security.
PesoCash states that it may collect the device model, operating system, unique device identifiers, IP address, network type, application logs, installed-application information, and running-process information. The stated purposes include normal operation, service improvement, account protection, and prevention of malicious software.
With permission, the application uses the camera to capture identification documents and other required application images. PesoCash also states that ID images and personal photographs may be processed using artificial-intelligence technology for identity verification and fraud prevention.
The privacy policy states that location information may be collected and uploaded after the customer gives consent. The stated purpose is to reduce account-related risk.
PesoCash states that the application may filter and collect financial notification messages to identify bank accounts, cash-flow patterns, and transaction information for credit-risk assessment.
The company says it collects financial-related notification messages, including the sender and message content, but does not upload personal SMS conversations.
The platform requires applicants to provide selected emergency-contact details, including the person’s name, mobile number, and relationship to the borrower.
The privacy policy states that PesoCash collects only the contacts entered by the user and does not collect the entire device contact list through contact permission.
The application may use the device’s fingerprint or other biometric hardware for login. PesoCash states that biometric authentication is processed locally on the device and that raw biometric information is not collected or transmitted to its servers.
PesoCash states that information uploaded to its servers is encrypted using HTTPS. Its privacy policy also says that sensitive permissions such as location, camera, albums, and contacts are not enabled by default and are used after the customer provides consent.
Users may request access, correction, copying, or deletion of their personal information and may withdraw consent or cancel an account through the available privacy channels.
The policy refers to account deletion through the application’s account-management section or the official deletion page. Outstanding obligations and pending transactions should be resolved before an account-deletion request is submitted.
The official PesoCash website publishes the following company information:
The company identifies PesoCash as an online lending service operated under MyLoan Lending Investors Inc.
The official website publishes the following customer-contact numbers:
It also publishes the office address as:
12th Floor, Aseana Three Building, Macapagal Avenue corner Aseana Avenue, Aseana City, Tambo, Parañaque City, Philippines.
Website: https://www.pesocash.ph/
The current Google Play listing provides separate application-support details:
The app-store developer section lists an address at the 9th Floor, Sinocan Corporate Center, Aseana Business Park, Bay City, Barangay Tambo, Parañaque. Because the official website and application listing publish different office addresses, customers planning an in-person visit should confirm the current location with support first.
Yes, the Myloan Lending Investors Inc. is legit. It registered with the Securities and Exchange Commission (SEC), with Registration No. CS201900197 and Certificate of Authority No. 2866. To verify this information, you may also visit the official SEC website.
If you want to file a complaint against "Myloan Lending Investors Inc.", you may leave a review or contact the SEC by email at [email protected] or by calling the SEC Call Center at 02-5322-7696.
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