Is Microloan legit?
Yes. Microloan is on the SEC list of recorded online lending platforms. It is run by Dolphin Lending Investor, Inc (SEC Reg. No. CS201911897, CA No. 3037). The SEC list dated Sep 29, 2026 records it as "Microloan". SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "Microloan" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Dolphin Lending Investor, Inc., CS201911897 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 3037 (as printed by Microloan) | Google Play, updated Sep 21, 2026 |
| Price published | Yes: APR 12% to 33%. | Google Play, updated Sep 21, 2026 |
| Loan amount and term | ₱1,000 to ₱30,000, over 120 to 210 days | Google Play, updated Sep 21, 2026 |
| Google Play rating | 3.4 of 5 from 5 ratings, 100+ installs, as of Oct 2, 2026 | Google Play, updated Sep 21, 2026 |
On ₱5,000 for 120 days, Microloan's published terms come to at most ₱542 in interest and fees (₱197 at its lowest published rate): interest of 2.71% a month and an all-in cost of 4.3% a month, higher because you repay in instalments but pay interest on the original amount the whole time. Microloan on Google Play, updated Sep 21, 2026
Working: 33% a year × 120/365 days × ₱5,000 = ₱542 interest. The all-in rate is the monthly rate at which 4 payments of ₱1,386 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Within the SEC caps for this loan: interest 2.71% a month against the 6% cap; all-in 4.3% 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 Microloan with the other recorded apps, or get it from its official Google Play listing.
Microloan interest rate and what you pay back
APR 12% to 33%.Its own example, ₱15,000 for 120 days
₱15,000 × 20% × 120 ÷ 365 = ₱986.30
- You pay back
- ₱5,197 to ₱5,542
- Cash you receive
- ₱5,000
- Interest and fees
- ₱197 to ₱542
- Interest a month, at most
- 2.71%
- All-in cost (EIR) a month, at most
- 4.3%
- Share of the loan
- 10.8%
Terms from Microloan's Google Play listing, updated Sep 21, 2026. The calculator gives the same ₱15,986 for Microloan'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
Microloan Disclosure Statement, worked out: ₱5,000 for 120 days
Microloan 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 | 33% a year × 120/365 days × ₱5,000 | Microloan's published maximum | ₱542 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱542 |
| Simple annual rate | Microloan publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 33% |
| Late penalty, at most | 5% × ₱5,542 due | SEC MC No. 14 s.2025 Sec. 3 | ₱277 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 × ₱542, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱1,085 |
Should you borrow from Microloan?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱242 less than Microloan's published maximum of ₱542.
Choose Microloan if
- you borrow ₱10,000 or less for up to four months: its published maximum stays within the SEC caps.
Skip Microloan if
- you have no regular income: it asks for "verifiable, stable source of income".
Microloan requirements, customer service and how to pay
- Requirements
- Filipino citizen or permanent resident, 18 or older; Verifiable, stable source of income; Bank account or e-wallet
- support@microloan.ph
- Phone
- Not listed on its Google Play listing
- Hours
- Monday to Friday, 9:00 AM to 6:00 PM
- Pay through
- The channels shown in the app for your loan
As Microloan lists them on its Google Play listing, updated Sep 21, 2026. Use only these channels or the app itself. Source
If you cannot pay Microloan on time
If all ₱5,542 of a ₱5,000, 120-day Microloan loan fell due unpaid, the penalty could be at most ₱277 a month, and interest, fees and penalties together could never pass ₱5,000. Dolphin Lending Investor, 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 Microloan first at support@microloan.ph. If that fails, report Dolphin Lending Investor, 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.
Other apps from Dolphin Lending Investor, Inc
Dolphin Lending Investor, Inc runs 2 apps on the SEC list. They share one SEC registration and one Certificate of Authority, so a complaint about any of them goes against the same company.
- PesoGO listed as "PesoGO"
This page covers Microloan's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Microloan first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Microloan
Who owns Microloan?
Dolphin Lending Investor, Inc (SEC Reg. No. CS201911897), which also runs PesoGO, per the SEC list dated Sep 29, 2026.
What is Microloan's interest rate?
Microloan states (Microloan's Google Play listing, updated Sep 21, 2026): "APR 12% to 33%." On ₱5,000 for 120 days: interest of 2.71% a month and an all-in cost of 4.3% a month, higher because you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Microloan?
Microloan lists (Microloan's Google Play listing, updated Sep 21, 2026): Filipino citizen or permanent resident, 18 or older; Verifiable, stable source of income; Bank account or e-wallet.
What is Microloan's customer service number or e-mail?
E-mail: support@microloan.ph. Hours: Monday to Friday, 9:00 AM to 6:00 PM. As listed by Microloan (Microloan's Google Play listing, updated Sep 21, 2026).
Does Microloan call your contacts?
Dolphin Lending Investor, 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 Microloan at support@microloan.ph, then the SEC on 14732.
Cheaper than Microloan 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.