Lending apps and platforms that a Philippine regulator has publicly flagged — SEC advisories, cease-and-desist and revocation orders, and NPC takedown orders. Each entry is stated factually and cited to the public record, newest first. Before you borrow, check that a lender is SEC-registered.
This list is cite-to-public-record only. It reproduces what a regulator has published; it is not legal advice and is not a complete list of every illegal lender — only those with a documented regulator action we have logged. Verified corrections: /corrections.
We'll email you when the SEC (or another regulator) flags a new illegal or unregistered lending app and we add it here. Email only — no SMS, no push notifications, and it isn't region-filtered yet. Unsubscribe anytime.
SEC public advisory: the app is not registered and not authorised to operate as a financing or lending company, and uses the Atome trade name and logo without authority. SEC states legitimate Atome lending is operated by Neuroncredit Financing Company Inc. (SEC Reg. CS201816338, CoA No. 1178).
SEC public advisory: a fraudulent Facebook page uses the name, logo and branding of Tala Financing without authority. SEC states legitimate Tala lending is operated by Tala Financing Philippines, Inc. (SEC Reg. CS201710582, CoA No. 1132).
SEC cease-and-desist orders (15 Aug 2025) directing seven online lending platforms to stop lending activities and promotional campaigns. SEC cited violations of MC No. 19, Series of 2019 (OLP disclosure) and the November 2021 moratorium on new OLP registrations.
SEC revoked Digido's certificate of authority and primary registration (order dated 9 May 2025) for operating Cavite branches between July and September 2021 without first securing a certificate of authority. Digido filed a Motion for Reconsideration on 26 May 2025.
NPC decision (NPC SS-21-008) against the operator of the Pesopop app; one of the four apps subject to the NPC's 2021 takedown order.
Citation: NPC SS-21-008
NPC decision (NPC SS-21-005) addressing data-privacy violations connected to the Cashalo lending app's practices.
Citation: NPC SS-21-005
NPC ordered the immediate takedown of four online lending apps, citing violations relating to the apps' processing of personal data; the operators were directed to cease processing pending compliance.
Full walkthrough: How do I know if an online lending app is registered? →
Related: Who regulates online lending apps? · Penalties for an illegal lending app
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