Is MMLoan legit?
Yes. MMLoan is on the SEC list of recorded online lending platforms. It is run by Second Pay Financing Inc (SEC Reg. No. CS201908038). The SEC list dated Sep 29, 2026 records it as "MMLoan". The SEC lifted a cease and desist order against the company (SEC En Banc Case No. 07-24-007). SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "MMLoan" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Second Pay Financing Inc, CS201908038 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | Not on MMLoan's listing or the SEC list | SEC list, Sep 29, 2026 |
| Price published | No rate on MMLoan's website |
MMLoan publishes no interest rate, so its cost shows only in the Disclosure Statement you get before you accept.
Next: ask MMLoan for its Disclosure Statement before you accept, or compare apps that publish their price.
Should you borrow from MMLoan?
You see MMLoan's price only after you apply; Pocketcash (Elending) publishes a maximum of ₱300 for ₱5,000 over 120 days.
Skip MMLoan if
- you want to know the cost before you apply: it publishes no rate.
If you cannot pay MMLoan on time
On MMLoan 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. Second Pay Financing 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).
If that fails, report Second Pay Financing 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 Second Pay Financing Inc
Second Pay Financing Inc runs 2 apps on the SEC list. They share one SEC registration, so a complaint about any of them goes against the same company.
- EzLoan (Second Pay) listed as "EzLoan"
This page covers MMLoan's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact MMLoan first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about MMLoan
Who owns MMLoan?
Second Pay Financing Inc (SEC Reg. No. CS201908038), which also runs EzLoan (Second Pay), per the SEC list dated Sep 29, 2026.
Does MMLoan call your contacts?
Second Pay Financing 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). Report it to the SEC on 14732.
Cheaper than MMLoan 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.