Is Akulaku legit?
Yes. Akulaku is on the SEC list of recorded online lending platforms. It is run by Streetcorner Lending Corp (SEC Reg. No. CS201606603, CA No. 1830). The SEC list dated Sep 29, 2026 records it as "Akulaku". SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "Akulaku" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Streetcorner Lending Corp., CS201606603 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 1830 (as printed by Akulaku) | Google Play, updated Sep 14, 2026 |
| Price published | Yes: Maximum APR 30%; no service fee. | Google Play, updated Sep 14, 2026 |
| Loan amount and term | ₱2,000 to ₱60,000, over 91 to 180 days | Google Play, updated Sep 14, 2026 |
| Google Play rating | 4.6 of 5 from 3,100 ratings, 500K+ installs, as of Oct 2, 2026 | Google Play, updated Sep 14, 2026 |
On ₱5,000 for 120 days, Akulaku's published terms come to at most ₱493 in interest and fees: interest of 2.47% a month and an all-in cost of 3.9% a month, higher because you repay in instalments but pay interest on the original amount the whole time. Akulaku on Google Play, updated Sep 14, 2026
Working: 30% a year × 120/365 days × ₱5,000 = ₱493 interest. The all-in rate is the monthly rate at which 4 payments of ₱1,373 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Within the SEC caps for this loan: interest 2.47% a month against the 6% cap; all-in 3.9% a month against the 12% cap (SEC MC No. 14 s.2025, effective Apr 1, 2026). SEC MC No. 14 s.2025
Next: check the worked Disclosure Statement below, then compare Akulaku with the other recorded apps, or get it from its official Google Play listing.
Akulaku interest rate and what you pay back
Maximum APR 30%; no service fee.Its own example, ₱10,000 for 180 days
Total Interest: ₱ 8.22 * 180 days = ₱ 1,479.45
- You pay back
- Up to ₱5,493
- Cash you receive
- ₱5,000
- Interest and fees
- Up to ₱493
- Interest a month, at most
- 2.47%
- All-in cost (EIR) a month, at most
- 3.9%
- Share of the loan
- 9.9%
Terms from Akulaku's Google Play listing, updated Sep 14, 2026. The calculator gives the same ₱11,479 for Akulaku's own example. Documentary stamp tax on a ₱5,000 loan for 120 days is about ₱12.33 (NIRC Sec. 179); check whether the Disclosure Statement passes it on. DST calculator Source
Akulaku Disclosure Statement, worked out: ₱5,000 for 120 days
Akulaku must give you this statement in writing before the loan is made (RA 3765, the Truth in Lending Act, Sec. 4). These are the figures it should show at its published maximum; if yours differ, ask why before you accept.
| Figure | Inputs | Rule | Result |
|---|---|---|---|
| Amount financed | ₱5,000 borrowed, nothing taken off | RA 3765 Sec. 4(5) | ₱5,000 |
| Interest | 30% a year × 120/365 days × ₱5,000 | Akulaku's published maximum | ₱493 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱493 |
| Simple annual rate | Akulaku publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 30% |
| Late penalty, at most | 5% × ₱5,493 due | SEC MC No. 14 s.2025 Sec. 3 | ₱275 a month |
| All charges together, at most | 100% × ₱5,000 | SEC MC No. 14 s.2025 Sec. 3 | ₱5,000 |
| Documentary stamp tax on the loan | ⌈₱5,000 ÷ ₱200⌉ × ₱1.50 × 120/365 | NIRC Sec. 179, as amended by RA 10963 | ₱12.33 |
| Owed to you if the statement leaves one out | Greater of ₱100 or 2 × ₱493, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱986 |
Should you borrow from Akulaku?
For ₱5,000 over 120 days, HappyPera2 costs at most ₱395, which is ₱99 less than Akulaku's published maximum of ₱493.
Choose Akulaku if
- you borrow ₱10,000 or less for up to four months: its published maximum stays within the SEC caps.
- you need up to ₱60,000.
Akulaku requirements, customer service and how to pay
- Requirements
- Filipino citizen; Aged 18 and above; Valid government-issued ID
- help@akulaku.support
- Phone
- 0282993009
- Pay through
- The channels shown in the app for your loan
As Akulaku lists them on its Google Play listing, updated Sep 14, 2026. Use only these channels or the app itself. Source
If you cannot pay Akulaku on time
If all ₱5,493 of a ₱5,000, 120-day Akulaku loan fell due unpaid, the penalty could be at most ₱275 a month, and interest, fees and penalties together could never pass ₱5,000. Streetcorner Lending Corp's collectors, and any agency it hires, may not post your details, threaten you, call before 6 a.m. or after 10 p.m., or message anyone in your contacts except the guarantors you named (SEC MC No. 18 s.2019).
Complain to Akulaku first at help@akulaku.support or 0282993009. If that fails, report Streetcorner Lending Corp to the SEC on hotline 14732 or the iMessage portal, and report messages to your contacts to the National Privacy Commission at complaints@privacy.gov.ph. All eight prohibited collection practices.
This page covers Akulaku's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Akulaku first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Akulaku
Who owns Akulaku?
Streetcorner Lending Corp (SEC Reg. No. CS201606603), per the SEC list dated Sep 29, 2026.
What is Akulaku's interest rate?
Akulaku states (Akulaku's Google Play listing, updated Sep 14, 2026): "Maximum APR 30%; no service fee." On ₱5,000 for 120 days: interest of 2.47% a month and an all-in cost of 3.9% a month, higher because you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Akulaku?
Akulaku lists (Akulaku's Google Play listing, updated Sep 14, 2026): Filipino citizen; Aged 18 and above; Valid government-issued ID.
What is Akulaku's customer service number or e-mail?
Phone: 0282993009. E-mail: help@akulaku.support. As listed by Akulaku (Akulaku's Google Play listing, updated Sep 14, 2026).
Does Akulaku call your contacts?
Streetcorner Lending Corp may not contact anyone in your phone contacts except the guarantors or co-makers you named, even if you allowed access (SEC MC No. 18 s.2019, Sec. 1(h), issued Aug 19, 2019). Raise it with Akulaku at help@akulaku.support, then the SEC on 14732.
Cheaper than Akulaku for ₱5,000 over 120 days
No lender pays to appear on this site or to change its position.
- HappyPera2: at most ₱395 in interest and fees (24% a year × 120/365 days × ₱5,000 = ₱395 interest); lends ₱1,000 to ₱100,000. Downside: skip it if you have no regular income: it asks for "steady source of income".
- Loanova: at most ₱480 in interest and fees (29.2% a year × 120/365 days × ₱5,000 = ₱480 interest); lends ₱4,000 to ₱100,000. Downside: skip it if you have no regular income: it asks for "active phone number and regular income".
- Lpeso: at most ₱480 in interest and fees (29.2% a year × 120/365 days × ₱5,000 = ₱480 interest); lends ₱3,000 to ₱60,000. Downside: skip it if you have no regular income: it asks for "verifiable source of income".