Is Online Loans Pilipinas legit?
Online Loans Pilipinas 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 Online Loans Pilipinas Financing Inc (SEC Reg. No. CS201726430, CA No. 1181). The SEC list dated Sep 29, 2026 records it as "Online Loans Pilipinas,", "Online Loans Pilipinas (Facebook page),", "Onlineloanspilipinas.ph,", "Online loans Pilipinas-Fastpeso cash lending app,". 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 "Online Loans Pilipinas,", "Online Loans Pilipinas (Facebook page),", "Onlineloanspilipinas.ph,", "Online loans Pilipinas-Fastpeso cash lending app," | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Online Loans Pilipinas Financing Inc., CS201726430 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 1181 (as printed by Online Loans Pilipinas) | Google Play, updated Sep 4, 2026 |
| Price published | Yes: APR 0% to 180%. | Google Play, updated Sep 4, 2026 |
| Loan amount and term | ₱1,000 to ₱30,000, over 90 to 720 days | Google Play, updated Sep 4, 2026 |
| Google Play rating | 4.7 of 5 from 108,503 ratings, 5M+ installs, as of Oct 2, 2026 | Google Play, updated Sep 4, 2026 |
On ₱5,000 for 120 days, Online Loans Pilipinas's published terms come to at most ₱3,000 in interest and fees: Online Loans Pilipinas states a combined interest-and-fees rate of 15% a month, which works out to an all-in cost of 21.9% a month on the cash you receive because you repay in instalments but pay interest on the original amount the whole time. Online Loans Pilipinas on Google Play, updated Sep 4, 2026
Working: 180% a year × 120/360 days × ₱5,000 = ₱3,000 (interest and fees). The all-in rate is the monthly rate at which 4 payments of ₱2,000 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Above the SEC caps for this loan: no separate interest rate to test against the 6% cap; all-in 21.9% 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 Online Loans Pilipinas with the other recorded apps, or get it from its official Google Play listing.
Also known as OLP.
Online Loans Pilipinas interest rate and what you pay back
APR 0% to 180%.Its own example, ₱10,000 for 90 days
You apply for ₱10'000 to be repaid in 3 months. Amount to be returned will be ₱14'500
- You pay back
- ₱5,000 to ₱8,000
- Cash you receive
- ₱5,000
- Interest and fees
- ₱0 to ₱3,000
- All-in cost (EIR) a month, at most
- 21.9%
- Share of the loan
- 60%
Terms from Online Loans Pilipinas's Google Play listing, updated Sep 4, 2026. The calculator gives the same ₱14,500 for Online Loans Pilipinas'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
Online Loans Pilipinas Disclosure Statement, worked out: ₱5,000 for 120 days
Online Loans Pilipinas 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 and fees (one combined rate) | 180% a year × 120/360 days × ₱5,000 | Online Loans Pilipinas's published maximum | ₱3,000 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱3,000 |
| Simple annual rate | Online Loans Pilipinas publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 180% |
| Late penalty, at most | 5% × ₱8,000 due | SEC MC No. 14 s.2025 Sec. 3 | ₱400 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 × ₱3,000, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱2,000 |
Should you borrow from Online Loans Pilipinas?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱2,700 less than Online Loans Pilipinas's published maximum of ₱3,000.
Choose Online Loans Pilipinas if
- you want to spread payments over as long as 720 days.
Skip Online Loans Pilipinas if
- you borrow ₱5,000 for 120 days at its top rate: that is above an SEC cap.
Online Loans Pilipinas requirements, customer service and how to pay
- Requirements
- Philippine citizen aged 18+; At least one ID; Mobile number; Bank account or e-wallet
- help@olp.ph
- Phone
- Not listed on its Google Play listing
- Pay through
- E-wallets or online banking through Dragonpay, Bayad Center, LBC, Cebuana, SM or Robinsons payment centers, RD Pawnshop and Palawan Express through Dragonpay
As Online Loans Pilipinas lists them on its Google Play listing, updated Sep 4, 2026. Use only these channels or the app itself. Source
If you cannot pay Online Loans Pilipinas on time
If all ₱8,000 of a ₱5,000, 120-day Online Loans Pilipinas loan fell due unpaid, the penalty could be at most ₱400 a month, and interest, fees and penalties together could never pass ₱5,000. Online Loans Pilipinas 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 Online Loans Pilipinas 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 Online Loans Pilipinas Financing Inc
Online Loans Pilipinas Financing 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.
- Kreddy listed as "Kreddy.ph"
This page covers Online Loans Pilipinas's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Online Loans Pilipinas first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Online Loans Pilipinas
Who owns Online Loans Pilipinas?
Online Loans Pilipinas Financing Inc (SEC Reg. No. CS201726430), which also runs Kreddy, per the SEC list dated Sep 29, 2026.
What is Online Loans Pilipinas's interest rate?
Online Loans Pilipinas states (Online Loans Pilipinas's Google Play listing, updated Sep 4, 2026): "APR 0% to 180%." On ₱5,000 for 120 days: Online Loans Pilipinas states a combined interest-and-fees rate of 15% a month, which works out to an all-in cost of 21.9% a month on the cash you receive because you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Online Loans Pilipinas?
Online Loans Pilipinas lists (Online Loans Pilipinas's Google Play listing, updated Sep 4, 2026): Philippine citizen aged 18+; At least one ID; Mobile number; Bank account or e-wallet.
What is Online Loans Pilipinas's customer service number or e-mail?
E-mail: help@olp.ph. As listed by Online Loans Pilipinas (Online Loans Pilipinas's Google Play listing, updated Sep 4, 2026).
How do I pay my Online Loans Pilipinas loan?
Online Loans Pilipinas lists these channels (Online Loans Pilipinas's Google Play listing, updated Sep 4, 2026): E-wallets or online banking through Dragonpay, Bayad Center, LBC, Cebuana, SM or Robinsons payment centers, RD Pawnshop and Palawan Express through Dragonpay. You should get a payment reference or receipt in the app; if none appears, the payment has not posted, so keep your proof of payment.
Does Online Loans Pilipinas call your contacts?
Online Loans Pilipinas 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). Raise it with Online Loans Pilipinas at help@olp.ph, then the SEC on 14732.
Cheaper than Online Loans Pilipinas 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.