Is Prima Loan legit?
Yes. Prima Loan is on the SEC list of recorded online lending platforms. It is run by Prima Fintech (Philippines) Lending Corporation (SEC Reg. No. CS201951100, CA No. 2917). The SEC list dated Sep 29, 2026 records it as "Prima Loan". SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "Prima Loan" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Prima Fintech (Philippines) Lending Corporation, CS201951100 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 2917 (as printed by Prima Loan) | Google Play, updated Sep 7, 2026 |
| Price published | Yes: Maximum APR 34.67%. Payment transaction fee ₱8 to ₱20, charged by the payment channel. | Google Play, updated Sep 7, 2026 |
| Loan amount and term | ₱1,000 to ₱35,000, over 91 to 365 days | Google Play, updated Sep 7, 2026 |
| Google Play rating | 4.6 of 5 from 20,067 ratings, 100K+ installs, as of Oct 2, 2026 | Google Play, updated Sep 7, 2026 |
On ₱5,000 for 120 days, Prima Loan's published terms come to at most ₱570 in interest and fees: interest of 2.85% a month and an all-in cost of 4.5% a month, higher because you repay in instalments but pay interest on the original amount the whole time. Prima Loan on Google Play, updated Sep 7, 2026
Working: 34.67% a year × 120/365 days × ₱5,000 = ₱570 interest. The all-in rate is the monthly rate at which 4 payments of ₱1,392 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Within the SEC caps for this loan: interest 2.85% a month against the 6% cap; all-in 4.5% 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 Prima Loan with the other recorded apps, or get it from its official Google Play listing.
Prima Loan interest rate and what you pay back
Maximum APR 34.67%. Payment transaction fee ₱8 to ₱20, charged by the payment channel.Its own example, ₱1,000 for 91 days
Total repayment due: ₱1000+₱86.45=₱1086.45
- You pay back
- Up to ₱5,570
- Cash you receive
- ₱5,000
- Interest and fees
- Up to ₱570
- Interest a month, at most
- 2.85%
- All-in cost (EIR) a month, at most
- 4.5%
- Share of the loan
- 11.4%
Terms from Prima Loan's Google Play listing, updated Sep 7, 2026. The calculator gives the same ₱1,086 for Prima Loan'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
Prima Loan Disclosure Statement, worked out: ₱5,000 for 120 days
Prima Loan 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 | 34.67% a year × 120/365 days × ₱5,000 | Prima Loan's published maximum | ₱570 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱570 |
| Simple annual rate | Prima Loan publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 34.67% |
| Late penalty, at most | 5% × ₱5,570 due | SEC MC No. 14 s.2025 Sec. 3 | ₱278 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 × ₱570, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱1,140 |
Should you borrow from Prima Loan?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱270 less than Prima Loan's published maximum of ₱570.
Choose Prima Loan if
- you borrow ₱10,000 or less for up to four months: its published maximum stays within the SEC caps.
- you want to spread payments over as long as 365 days.
- you have one valid ID and no payslip.
Skip Prima Loan if
- you have no regular income: it asks for "job or self-employment".
Prima Loan requirements, customer service and how to pay
- Requirements
- Filipino citizen, 18 or older; One ID; Job or self-employment; Bank account or e-wallet
- In its words
Only 1 ID.
- cs.primaloan@gmail.com
- Phone
- Not listed on its Google Play listing
- Pay through
- The channels shown in the app for your loan
As Prima Loan lists them on its Google Play listing, updated Sep 7, 2026. Use only these channels or the app itself. Source
If you cannot pay Prima Loan on time
If all ₱5,570 of a ₱5,000, 120-day Prima Loan loan fell due unpaid, the penalty could be at most ₱278 a month, and interest, fees and penalties together could never pass ₱5,000. Prima Fintech (Philippines) 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).
Complain to Prima Loan first at cs.primaloan@gmail.com. If that fails, report Prima Fintech (Philippines) 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 Prima Fintech (Philippines) Lending Corporation
Prima Fintech (Philippines) Lending Corporation runs 3 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.
- Light Kredit listed as "Light Kredit"
- Peso Pocket listed as "Peso Pocket"
This page covers Prima Loan's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Prima Loan first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Prima Loan
Who owns Prima Loan?
Prima Fintech (Philippines) Lending Corporation (SEC Reg. No. CS201951100), which also runs Light Kredit, Peso Pocket, per the SEC list dated Sep 29, 2026.
What is Prima Loan's interest rate?
Prima Loan states (Prima Loan's Google Play listing, updated Sep 7, 2026): "Maximum APR 34.67%. Payment transaction fee ₱8 to ₱20, charged by the payment channel." On ₱5,000 for 120 days: interest of 2.85% a month and an all-in cost of 4.5% a month, higher because you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Prima Loan?
Prima Loan lists (Prima Loan's Google Play listing, updated Sep 7, 2026): Filipino citizen, 18 or older; One ID; Job or self-employment; Bank account or e-wallet.
What is Prima Loan's customer service number or e-mail?
E-mail: cs.primaloan@gmail.com. As listed by Prima Loan (Prima Loan's Google Play listing, updated Sep 7, 2026).
Does Prima Loan call your contacts?
Prima Fintech (Philippines) 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). Raise it with Prima Loan at cs.primaloan@gmail.com, then the SEC on 14732.
Cheaper than Prima Loan 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.