Is Pesoloan SEC Registered or Not in Philippines 2026?

By Pesoloan Editorial Team · Published 01/11/2026

Quick Answer

Yes, based on the SEC's public records. Pesoloan is listed among the SEC's recorded online lending platforms under Masaganang Buhay Finance Philippines Corporation (SEC Reg. No. CS201824008, Certificate of Authority No. 1185). A listing shows the app is recorded with the regulator. It does not guarantee fair terms or smooth collection, so read the checks below before you borrow.

Item	What the records show
Operating company	Masaganang Buhay Finance Philippines Corporation
SEC registration no.	CS201824008
Certificate of Authority no.	1185
App name on the SEC list	"Pesoloan"
Pending-case marker	None beside the entry (the SEC marks companies with pending cases using an asterisk)
Date note on the SEC page we checked	"As of 2 November 2021 (updated as of 08 October 2024)"

Searching for a loan app's registration should take a few minutes, but it often takes longer because the results are crowded with similar names, reposted lists and outdated posts. This article walks through what the SEC's own records say about Pesoloan, why you may see conflicting claims online, and what a registration entry can and cannot tell you.

What "SEC Registered" Actually Means for a Loan App

When people ask whether a loan app is "SEC registered," they usually mean one of three different things. It helps to separate them, because an app can pass the first check and still fail the others.

The company is registered. A lending or financing business must be set up as a corporation and carry an SEC registration number.
The company has a Certificate of Authority (CA). Under Philippine law, a lending or financing company needs this authority from the SEC before it can operate as a lender.
The app itself is recorded. Under SEC Memorandum Circular No. 19, Series of 2019, lending and financing companies must report their online lending platforms, and the SEC publishes the recorded ones in a public list.

A trustworthy answer needs all three. Many warnings you see online are about apps that fail the third check: a real company may exist, but the specific app was never reported to the SEC.

What the SEC's Records Show About Pesoloan

Based on the public lists we checked, Pesoloan meets all three layers:

Company and CA: Masaganang Buhay Finance Philippines Corporation appears in the SEC's list of financing companies (as of 31 May 2020) with registration number CS201824008 and Certificate of Authority No. 1185.
Recorded platform: The SEC's list of recorded online lending platforms includes "Pesoloan" under the same company and registration number. The same entry also appeared in the list the SEC published when it announced its 2021 moratorium on new platforms.
No pending-case marker: On the version of the list we accessed, the Masaganang Buhay entry carries no asterisk.

The app's own store listings point to the same company. The Google Play and App Store pages both name Masaganang Buhay Finance Philippines Corporation as the developer and print the same SEC registration number. Store listings are written by the developer, so we treat them as a pointer to the company name, and we rely on the SEC lists as the authority.

How We Checked It

You can repeat these steps yourself:

Open the SEC's page for the List of Recorded Online Lending Platforms and read the date note at the top.
Use your browser's find function (Ctrl+F) and search "Pesoloan," then search "Masaganang."
Confirm that the app name, company name and SEC number all sit on the same row.
Check whether the row has an asterisk, which the SEC uses to flag companies with pending cases.
Open the SEC list of financing companies and confirm the Certificate of Authority number for the company.
Compare the developer name in the app store with the company name on the SEC row.

For a more detailed walkthrough that works for any app, see our guide on how to check if a lending app is SEC registered.

Why You May See Conflicting Claims About Pesoloan

If you searched this question and saw summaries saying Pesoloan is "not recorded," there are two common reasons.

1. Lookalike names. Several unrelated apps use names close to Pesoloan:

Pesoloan Mart belongs to Microdot Lending Corp., a different company. In October 2025 the SEC reported a cease-and-desist order against Microdot and a group of its platforms, including Pesoloan Mart.
Pesolending was named among unauthorized platforms in an SEC advisory reported in March 2026.
An entry titled "YiuconCredit-loan app & pesoloan" appeared in a February 2026 SEC advisory on unrecorded platforms. It is a separate app listing that simply includes the word in its title.

A warning about any of these is not a warning about Masaganang Buhay's Pesoloan app. Always match the full company name and SEC number, not just the brand word.

2. The 2021 moratorium. In November 2021, SEC Memorandum Circular No. 10 stopped the recording of new online lending platforms. The SEC said platforms already recorded before that date could continue operating. Pesoloan was in the pre-moratorium list. In 2026, news reports said the SEC lifted the moratorium from 1 August under Memorandum Circular No. 20, with stricter requirements for new platforms. Neither change alters the status of a platform that was already recorded.

Copycats are also a growing problem. In August 2026 the SEC warned about fake apps imitating the logos and names of licensed lenders. Install only the app published under the developer name shown above, and be careful with links sent through chat apps or social media.

What Registration Does Not Tell You

Being on the SEC list answers one question: whether the app is recorded with the regulator. It does not answer the following:

How much the loan really costs. The developer's store listing states a maximum annual rate of 31%, but fees and penalties are separate questions. Our breakdown of the Pesoloan interest rate walks through a worked example.
How collection is handled. Borrowers have publicly posted complaints about reminder calls and messages. These are allegations from individuals, not findings by a regulator. We were not able to find a published SEC order against Masaganang Buhay naming Pesoloan at the time of writing, but the absence of an order is not proof that every borrower's experience was fair.
How your data is used. Registration does not replace reading the app's permission requests and privacy policy.
Whether the app suits your situation. For that, look at the full picture in our review of whether Pesoloan is legit beyond registration, and what the company behind the app discloses about itself.

A Five-Minute Check Before You Borrow

Confirm the company name, SEC number and app name on the SEC list.
Check the SEC's advisories page for the app name and for lookalike names.
Read the disclosure statement shown inside the app: interest, fees, loan term and total repayment.
Review the permissions the app asks for, such as contacts and storage.
Screenshot the terms before you accept, and keep your payment receipts.
Ask yourself whether you can repay the full amount on the due date.

If you are still weighing your options, you can compare legit online loans in the Philippines side by side before deciding where to apply. Questions about credit records are covered in our explainer on whether Pesoloan reports to the CIC. And if you want the wider picture, our online loan comparison lines up several recorded lenders in one place.

FAQs

Is Pesoloan the same as Pesoloan Mart?

No. Pesoloan Mart is listed under Microdot Lending Corp., a different company that was the subject of an SEC cease-and-desist order in 2025. Pesoloan appears on the SEC list under Masaganang Buhay Finance Philippines Corporation. Match the company name and SEC number before trusting any warning or review.

Does the SEC moratorium make Pesoloan illegal?

No. The 2021 moratorium stopped new platforms from being recorded, but platforms that were already on the SEC's list could continue operating. Pesoloan appears in that earlier list. The moratorium was reported lifted from 1 August 2026.

Is "SEC registered" the same as "safe"?

No. It means the company and the app are recorded with the regulator. You still need to check the costs, the repayment schedule, the permissions the app requests and the way the lender treats borrowers who are late.

Where can I report a problem with a lending app?

You can report unfair collection or unauthorized lending to the SEC, which regulates lending companies. Privacy and data misuse concerns can be filed with the National Privacy Commission. Keep screenshots, call logs and payment receipts as evidence.

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.