Is Happycash legit?
Happycash is on the SEC list, but its published top rate is above the SEC caps on a ₱5,000, 120-day loan. It is run by Yinshan Lending Inc (SEC Reg. No. CS201900108, CA No. 2860). The SEC list dated Sep 29, 2026 records it as "Happycash". Being registered does not make every charge lawful: a charge above the caps can be reported to the SEC. SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "Happycash" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Yinshan Lending Inc., CS201900108 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 2860 (as printed by Happycash) | Google Play, updated Aug 26, 2026 |
| SEC notices naming the app or lookalikes | 1 document, latest SEC advisory on Peso Piggy of May 14, 2026 | SEC, May 14, 2026 |
| Price published | Yes: Maximum APR 180%; its example adds a 10% service fee; 0% processing fee. | Google Play, updated Aug 26, 2026 |
| Loan amount and term | ₱2,000 to ₱25,000, over 91 to 180 days | Google Play, updated Aug 26, 2026 |
| Google Play rating | 4.8 of 5 from 176,743 ratings, 1M+ installs, as of Oct 2, 2026 | Google Play, updated Aug 26, 2026 |
On ₱5,000 for 120 days, Happycash's published terms come to at most ₱3,459 in interest and fees: interest of 14.79% a month and an all-in cost of 24.9% a month, higher because its service fee is added on top, and you repay in instalments but pay interest on the original amount the whole time. Happycash on Google Play, updated Aug 26, 2026
Working: 180% a year × 120/365 days × ₱5,000 = ₱2,959 interest; service fee 10% × ₱5,000 = ₱500. The all-in rate is the monthly rate at which 4 payments of ₱2,115 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Above the SEC caps for this loan: interest 14.79% a month against the 6% cap (above it); all-in 24.9% a month against the 12% cap (above it) (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 Happycash with the other recorded apps, or get it from its official Google Play listing.
Happycash interest rate and what you pay back
Maximum APR 180%; its example adds a 10% service fee; 0% processing fee.Its own example, ₱20,000 for 91 days
Total repayment : ₱20000*15%/365*91+20000+2000=₱ 22747.9
- You pay back
- Up to ₱8,459
- Cash you receive
- ₱5,000
- Interest and fees
- Up to ₱3,459
- Interest a month, at most
- 14.79%
- All-in cost (EIR) a month, at most
- 24.9%
- Share of the loan
- 69.2%
Stated interest of 14.79% a month is above the 6% nominal cap.
Terms from Happycash's Google Play listing, updated Aug 26, 2026. The calculator gives the same ₱22,748 for Happycash'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
Happycash Disclosure Statement, worked out: ₱5,000 for 120 days
Happycash 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 | 180% a year × 120/365 days × ₱5,000 | Happycash's published maximum | ₱2,959 |
| Service fee | 10% × ₱5,000, added to repayment | Part of the finance charge, RA 3765 Sec. 3(3) | ₱500 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱3,459 |
| Simple annual rate | Happycash publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 180% |
| Late penalty, at most | 5% × ₱8,459 due | SEC MC No. 14 s.2025 Sec. 3 | ₱423 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 × ₱3,459, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱2,000 |
Should you borrow from Happycash?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱3,159 less than Happycash's published maximum of ₱3,459.
Skip Happycash if
- you borrow ₱5,000 for 120 days at its top rate: that is above an SEC cap.
- you have no regular income: it asks for "stable income".
Happycash requirements, customer service and how to pay
- Requirements
- 18+ years old; Filipino citizen; One government-issued ID; Stable income
- cs@happycash.ph
- Phone
- 09085848852, 09102626060
- Pay through
- The channels shown in the app for your loan
As Happycash lists them on its Google Play listing, updated Aug 26, 2026. Use only these channels or the app itself. Source
If you cannot pay Happycash on time
If all ₱8,459 of a ₱5,000, 120-day Happycash loan fell due unpaid, the penalty could be at most ₱423 a month, and interest, fees and penalties together could never pass ₱5,000. Yinshan Lending Inc'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 Happycash first at cs@happycash.ph or 09085848852. If that fails, report Yinshan Lending Inc 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.
Happycash regulatory history
- May 14, 2026The SEC warned about fakes using this name: Peso Piggy: Save Dreams on Google Play, using Yinshan Lending's registration details. They are not run by Yinshan Lending Inc. Source
This page covers Happycash's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Happycash first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Happycash
Who owns Happycash?
Yinshan Lending Inc (SEC Reg. No. CS201900108), per the SEC list dated Sep 29, 2026.
What is Happycash's interest rate?
Happycash states (Happycash's Google Play listing, updated Aug 26, 2026): "Maximum APR 180%; its example adds a 10% service fee; 0% processing fee." On ₱5,000 for 120 days: interest of 14.79% a month and an all-in cost of 24.9% a month, higher because its service fee is added on top, and you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Happycash?
Happycash lists (Happycash's Google Play listing, updated Aug 26, 2026): 18+ years old; Filipino citizen; One government-issued ID; Stable income.
What is Happycash's customer service number or e-mail?
Phone: 09085848852, 09102626060. E-mail: cs@happycash.ph. As listed by Happycash (Happycash's Google Play listing, updated Aug 26, 2026).
Does Happycash call your contacts?
Yinshan Lending Inc 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 Happycash at cs@happycash.ph, then the SEC on 14732.
Cheaper than Happycash for ₱5,000 over 120 days
No lender pays to appear on this site or to change its position.
- Pocketcash (Elending): at most ₱300 in interest and fees (18% a year × 120/360 days × ₱5,000 = ₱300 (interest and fees)); lends ₱1,000 to ₱50,000.
- Vplus: at most ₱300 in interest and fees (18% a year × 120/360 days × ₱5,000 = ₱300 interest); lends ₱1,000 to ₱50,000.
- Pesos.ph: at most ₱395 in interest and fees (24% a year × 120/365 days × ₱5,000 = ₱395 interest); lends ₱1,500 to ₱50,000.