Is SLoan (Shopee) legit?
Yes. SLoan (Shopee) is on the SEC list of recorded online lending platforms. It is run by Monee (Credit) Finance Philippines, Inc (SEC Reg. No. CS202005382, CA No. 1279). The SEC list dated Sep 29, 2026 records it as "Sloans". The company was formerly SeaMoney (Credit) Finance Philippines (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 "Sloans" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Monee (Credit) Finance Philippines, Inc., CS202005382 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 1279 | SEC list, Sep 29, 2026 |
| Price published | Yes: 2.15% to 4.45% a month; no admin fee; late fee 2.5% to 5% a month. | Its published terms |
| Google Play rating | 4.7 of 5 from 4,380,328 ratings, 100M+ installs, as of Oct 2, 2026 | Google Play listing |
On ₱5,000 for 120 days, SLoan (Shopee)'s published terms come to at most ₱890 in interest and fees (₱430 at its lowest published rate): interest of 4.45% a month and an all-in cost of 6.9% a month, higher because you repay in instalments but pay interest on the original amount the whole time. SLoan (Shopee)'s published terms
Working: 4.45% a month × 120/30 × ₱5,000 = ₱890 interest. The all-in rate is the monthly rate at which 4 payments of ₱1,473 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Within the SEC caps for this loan: interest 4.45% a month against the 6% cap; all-in 6.9% 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 SLoan (Shopee) with the other recorded apps, or get it from its official Google Play listing.
SLoan (Shopee) interest rate and what you pay back
2.15% to 4.45% a month; no admin fee; late fee 2.5% to 5% a month.
- You pay back
- ₱5,430 to ₱5,890
- Cash you receive
- ₱5,000
- Interest and fees
- ₱430 to ₱890
- Interest a month, at most
- 4.45%
- All-in cost (EIR) a month, at most
- 6.9%
- Share of the loan
- 17.8%
Terms as SLoan (Shopee) publishes them. 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
SLoan (Shopee) Disclosure Statement, worked out: ₱5,000 for 120 days
SLoan (Shopee) 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 | 4.45% a month × 120/30 × ₱5,000 | SLoan (Shopee)'s published maximum | ₱890 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱890 |
| Late penalty, at most | 5% × ₱5,890 due | SEC MC No. 14 s.2025 Sec. 3 | ₱295 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 × ₱890, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱1,780 |
Should you borrow from SLoan (Shopee)?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱590 less than SLoan (Shopee)'s published maximum of ₱890.
Choose SLoan (Shopee) if
- you borrow ₱10,000 or less for up to four months: its published maximum stays within the SEC caps.
SLoan (Shopee) requirements, customer service and how to pay
- Requirements
- Not listed on its Google Play listing
- Not listed on its Google Play listing
- Phone
- Not listed on its Google Play listing
- Pay through
- The channels shown in the app for your loan
As SLoan (Shopee) lists them on its Google Play listing. Use only these channels or the app itself. Source
If you cannot pay SLoan (Shopee) on time
If all ₱5,890 of a ₱5,000, 120-day SLoan (Shopee) loan fell due unpaid, the penalty could be at most ₱295 a month, and interest, fees and penalties together could never pass ₱5,000. Monee (Credit) Finance Philippines, 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 Monee (Credit) Finance Philippines, 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 Monee (Credit) Finance Philippines, Inc
Monee (Credit) Finance Philippines, 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.
- SPayLater listed as "Spaylater"
This page covers SLoan (Shopee)'s published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact SLoan (Shopee) first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about SLoan (Shopee)
Who owns SLoan (Shopee)?
Monee (Credit) Finance Philippines, Inc (SEC Reg. No. CS202005382), which also runs SPayLater, per the SEC list dated Sep 29, 2026.
What is SLoan (Shopee)'s interest rate?
SLoan (Shopee) states: "2.15% to 4.45% a month; no admin fee; late fee 2.5% to 5% a month." On ₱5,000 for 120 days: interest of 4.45% a month and an all-in cost of 6.9% a month, higher because you repay in instalments but pay interest on the original amount the whole time.
Does SLoan (Shopee) call your contacts?
Monee (Credit) Finance Philippines, 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 SLoan (Shopee) 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.