Loans2 min read · Updated October 21, 2026
How to tell if a loan app is legit in the Philippines
Online lenders need an SEC Certificate of Authority. Learn the red flags and what the rules ban.
Check first
Find the lender by its company name on the SEC website. If it is not listed as authorised, do not borrow.
Red flags
- A fee to pay before the loan is released
- Access to your contacts, photos or messages
- No clear total cost before you accept
- Threats, or messages sent to your contacts
Your rights
SEC Memorandum Circular 18 (2019) bans unfair debt collection. You can report a lender to the SEC.
Common questions
How do I know if an online lender is registered?
Search its company name on the SEC website for a Certificate of Authority.
Can a lender message my contacts?
Not unless they are named guarantors or co-makers.