Is LendWise legit?
Yes. LendWise is on the SEC list of recorded online lending platforms. It is run by Biyaya Lending Corporation (SEC Reg. No. CS201908271). The SEC list dated Sep 29, 2026 records it as "LendWise". The company was formerly Armorak Lending Inc. (Ayudas and Weloan) (SEC list remarks). SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "LendWise" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Biyaya Lending Corporation, CS201908271 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | Not on LendWise's listing or the SEC list | SEC list, Sep 29, 2026 |
| Price published | No rate on LendWise's website |
LendWise publishes no interest rate, so its cost shows only in the Disclosure Statement you get before you accept.
Next: ask LendWise for its Disclosure Statement before you accept, or compare apps that publish their price.
Should you borrow from LendWise?
You see LendWise's price only after you apply; Pocketcash (Elending) publishes a maximum of ₱300 for ₱5,000 over 120 days.
Skip LendWise if
- you want to know the cost before you apply: it publishes no rate.
If you cannot pay LendWise on time
On LendWise loans above ₱10,000 or longer than four months, the penalty is whatever your contract and Disclosure Statement say; the SEC's 5% a month cap covers only smaller, shorter loans. Biyaya Lending Corporation'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).
If that fails, report Biyaya Lending Corporation 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.
Other apps from Biyaya Lending Corporation
Biyaya Lending Corporation runs 2 apps on the SEC list. They share one SEC registration, so a complaint about any of them goes against the same company.
- LoanStream listed as "LoanStream"
This page covers LendWise's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact LendWise first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about LendWise
Who owns LendWise?
Biyaya Lending Corporation (SEC Reg. No. CS201908271), which also runs LoanStream, per the SEC list dated Sep 29, 2026.
Does LendWise call your contacts?
Biyaya Lending Corporation 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). Report it to the SEC on 14732.
Cheaper than LendWise 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.