Pesoloan Requirements: Who Can Apply in the Philippines?
According to Pesoloan's Google Play listing, applicants must be Filipino citizens aged 18 to 60. The company's loan-process pages add that a valid ID is needed, and funds are sent to a bank or e-wallet account, so you will also need a mobile number and a receiving account. No collateral is required, according to the store description. The company has not published other criteria, such as a minimum income.
Before you spend time on an application, it helps to know whether you qualify. This page lists the eligibility requirements Pesoloan publishes, the documents and accounts you should prepare and the points on which the company has not given details, so you do not rely on unofficial claims.
Eligibility Published by Pesoloan
| Requirement | What the company states | Source |
|---|---|---|
| Citizenship | Filipino citizens | Google Play listing |
| Age | 18 to 60 years old | Google Play listing |
| Collateral | None required ("no collateral") | Google Play listing |
| Identification | A valid ID | Company loan-process page |
| Receiving account | A preferred bank or e-wallet account for disbursement | Store listings |
These are statements by the developer, Masaganang Buhay Finance Philippines Corporation. For information about the company, see our page on the company behind Pesoloan.
Documents and Items to Prepare
- A valid government-issued ID. Make sure it is current, readable and in your name. The details you enter must match it exactly.
- A mobile number you control. It is used for registration, verification codes and reminders.
- A bank or e-wallet account in your own name. Funds are sent there, and repayments usually go through channels the app displays.
- A clear photo or selfie if the app requests identity verification.
- A stable internet connection and enough phone storage to install and run the app.
The company's pages do not list proof of income or a payslip as a requirement, and we did not find a published minimum income. Some third-party sites state income or age requirements that differ from the company's own pages, including a higher minimum age. These pages are not run by the company, and some relate to other apps, so rely on the store listing and the app.
What the Company Has Not Published
- A minimum monthly income.
- A specific credit score or credit history requirement.
- The criteria used to decide your credit limit.
- Whether you must be employed, self-employed or have another source of income.
- Details on how rejected applicants can appeal.
Where a point is not published, the app may still ask for the information during the application. Read each screen, and decline to provide anything you are not comfortable sharing. Our article on whether Pesoloan calls your contacts explains why the permissions the app requests deserve attention.
Can I Apply If...
I am under 18? No. The listed minimum age is 18.
I am over 60? The listing gives 60 as the upper limit. If you are older, the application may not be accepted.
I am not a Filipino citizen? The listing says applicants must be Filipino citizens.
I do not have a bank account? The listing says funds go to a bank or e-wallet account. If you do not have either, ask support whether other options exist. See the Pesoloan contact number page for published channels.
I am a first-time borrower? There is no published requirement for credit history. Your first offer may be lower than the maximum. See the Pesoloan first loan amount article.
I have an unpaid loan with another lender? The company has not published a rule on this. A lender may weigh your other obligations when it assesses your application.
Requirements vs Approval
Meeting the requirements lets you apply. It does not guarantee approval. The lender decides, and the amount you are offered may be lower than the range in the listing, which runs from ₱1,000 to ₱100,000. Our guide on how to get approved in Pesoloan covers the steps and the tips for submitting a clean application.
Requirements to Check Beyond the App
Eligibility is about whether you can apply. It is also worth asking whether you should:
- Can you repay the full amount, including interest and fees, on the due dates? See the Pesoloan interest rate.
- Is the lender recorded with the SEC? Our article on whether Pesoloan is SEC registered shows the records.
- Are you comfortable with the permissions requested?
- Do you have a plan if a payment is delayed?
Where to Compare Other Lenders
Requirements differ between lenders, including ages, amounts and documents. If you want to see how others compare, our comparison of loan options in the Philippines lists the age range and amounts for several recorded lenders.
Preparing Your Application in Advance
Gather what you need before you open the app. Keep your ID, phone and receiving account details together, check that your name is spelled the same way everywhere and make sure the app is installed from the official store listing. Decide in advance how much you need and when you can repay, so you can choose an amount calmly rather than accept whatever is offered on screen.
Next Steps
You can also check other lenders' requirements on our main page before you apply.
FAQs
What are the requirements to apply for Pesoloan?
The Google Play listing says applicants must be Filipino citizens aged 18 to 60. A valid ID, a mobile number and a bank or e-wallet account are needed to apply and receive funds.
Do I need collateral?
No. The store description says no collateral is required.
Is proof of income required?
The company has not published an income requirement. The app may ask for information during the application.
What is the minimum income to qualify?
Not published by the company. Be careful with figures that appear only on third-party sites.
Sources We Checked
Pesoloan Editorial Team. We research online lending in the Philippines and check company and registration details against public SEC records before publishing. Our articles separate documented facts from user reports and list their sources. Learn more on our author page and in our editorial policy.