Easycash Lending Company Inc. is a Philippine lending company that provides financing to individuals, seafarers, employees, self-employed applicants, and small business owners. Its services include personal loans, seafarer loans, SME financing, salary loans, and purchase financing for selected goods such as appliances or electronic devices.
Applications may be started online through the Easycash website. Borrowers create an account using their email address and mobile number, complete the application form, and submit supporting documents for verification. Final approval depends on the applicant’s income, documents, credit history, and ability to repay.
The Easycash personal loan is an unsecured financing product for employed and self-employed Filipinos. It may be used for education expenses, utility bills, home improvements, medical needs, travel, or other personal expenses.
The company advertises personal loans of up to ₱300,000 without collateral. Applicants must generally:
The final loan amount and repayment conditions are determined after the company completes its credit assessment.
Easycash offers a separate loan product designed for Filipino seafarers. The company states that eligible applicants may borrow up to ₱500,000, subject to verification and approval.
Applicants generally need to be between 21 and 60 years old and provide a valid Seafarer’s Record Book, a current POEA or DMW employment contract, and proof of income or allotment. The actual amount offered may depend on the applicant’s employment contract, position, income, existing obligations, and credit record.
The SME loan is intended for Filipino entrepreneurs who need additional capital to operate, expand, or improve an existing business. Easycash advertises business financing of up to ₱500,000 with flexible repayment terms.
To qualify, an applicant must generally:
Collateral may not be required for qualified applicants, although approval remains subject to the company’s assessment of the business and its owner.
The Easycash website also refers to salary loans and purchase financing. Salary loans are intended for employees who need an advance for personal expenses, while purchase financing may be used to acquire selected gadgets or appliances. Detailed limits and eligibility requirements for these products are provided during the application process.
Requirements vary according to the selected product and the applicant’s employment status. For a personal loan, Easycash may request:
Self-employed applicants may be asked to submit business registration documents, permits, bank statements, proof of revenue, and other records confirming that the business is active. Easycash may request additional documents when necessary to verify identity, employment, income, or creditworthiness.
Submitting all requested documents does not guarantee approval. Easycash states that it may approve or reject an application at its discretion after completing its verification and credit assessment.
The application process consists of several stages.
The applicant selects a loan product and registers through the Easycash application platform using a valid email address and mobile number.
The borrower provides personal, residential, employment, income, and contact information. All information should be accurate and consistent with the supporting documents.
The applicant submits clear copies of identification, proof of income, proof of billing, employment documents, or business records.
Easycash may verify the applicant’s identity, employment, bank information, references, income, and credit history. The company’s terms allow it to obtain and review information necessary to determine the applicant’s creditworthiness.
Approved applicants receive an offer specifying the available loan amount, repayment period, payment schedule, interest, fees, and other applicable conditions.
Approved loans may be released through a bank transfer, e-wallet, or another supported disbursement channel. The company states that disbursement is normally completed within 24 hours after approval, although processing may take longer when further verification is required.
Easycash states that an application may be approved within a few minutes or within 24 hours, depending on the verification process. However, this should not be interpreted as guaranteed instant approval.
Processing may take longer when:
The approved amount may also be lower than the amount originally requested.
Easycash does not publish one fixed interest rate for every borrower. According to its website, the rate depends on factors such as the loan amount, repayment period, product type, and applicant profile.
Repayment terms may range from short-term arrangements to longer schedules. Available options are presented after approval. Processing charges, when applicable, should also be disclosed before the borrower confirms the loan.
Before accepting an offer, the applicant should review the written disclosure containing:
Borrowers should not rely only on the advertised maximum loan amount. The total repayment cost is more important when comparing the Easycash offer with loans from banks, cooperatives, and other lending companies.
Easycash accepts payments through supported channels such as bank transfers and authorized payment partners. Exact payment instructions are provided in the loan agreement or borrower’s account.
Early repayment may be permitted, but borrowers should first check whether the contract includes any prepayment charge. Missing a scheduled payment may result in penalties and may negatively affect the borrower’s credit record.
Anyone expecting difficulty making a payment should contact Easycash before the due date rather than ignoring collection notices. Payment should only be made through an account or channel officially identified by the company.
The Easycash website identifies the legal entity as Easycash Lending Company Inc. and displays the following registration information:
The same registration number and Certificate of Authority appeared in an SEC list of lending companies dated May 31, 2020. Easycash Lending Company, Incorporated is also included in the Credit Information Corporation’s current list of submitting entities in production.
The company’s inclusion in these records helps distinguish it from unrelated online services that may use similar names. Applicants should still use the official Easycash website and confirm the company details before submitting personal documents or transferring money.
Easycash may collect and verify information needed to evaluate a loan application. This may include personal identification data, employment records, bank information, income details, business information, references, and credit history.
The company states that it submits basic credit data and relevant updates to the Credit Information Corporation in accordance with Republic Act No. 9510. Credit information may also be shared with lenders and accredited credit reporting agencies for creditworthiness assessments.
Its privacy statement also allows personal information to be used for identity verification, Know Your Customer procedures, fraud prevention, risk assessment, loan administration, collections, customer support, and regulatory compliance.
Applicants should read the privacy statement before providing details about relatives, employers, guarantors, or references. When information about another person is submitted, the applicant may be responsible for informing that person and obtaining the necessary consent.
Easycash states in its Borrower’s Manual that it does not collect fees at any stage of the loan application process. Applicants should therefore be cautious if an individual claiming to represent Easycash requests an advance payment for approval, document processing, account activation, insurance, or fund release.
This does not necessarily mean that an approved loan has no charges. Interest, processing costs, documentary fees, and other contract-based expenses may still apply and should be disclosed in the final offer.
Payments should not be transferred to a personal bank account or e-wallet belonging to an agent. Suspicious requests should be verified through the company’s published contact details.
Easycash publishes the following office and contact information:
Office address: Unit 9, Ground Floor, The Midland Plaza, M. Adriatico, Barangay 669, Ermita, Manila
Landline: (02) 5 310-3708
Smart: 0947 595 6151
Globe: 0927 784 7091
Yes, the Easycash Lending Company Inc. is legit. It registered with the Securities and Exchange Commission (SEC), with Registration No. CS201001882 and Certificate of Authority No. 640. To verify this information, you may also visit the official SEC website.
If you want to file a complaint against "Easycash Lending Company 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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