Madaloan review is the first thing many Filipino borrowers search for before clicking the “Apply” button, especially with the rise of online lending harassment in the Philippines. While the promise of instant cash is tempting, understanding whether Madaloan is a legit loan app or a potential debt trap is crucial for your financial safety. In this guide, we dive deep into its SEC status, interest rates, and the reality behind user complaints.
What is the Madaloan App?
Madaloan is a digital credit platform designed for Filipinos, offering small-to-medium-sized personal loans through a mobile application. It is operated by IFun Lending Corp., a financial technology firm that has positioned itself as a provider of “fast and easy” credit for those who may not have access to traditional banking services.
The Madaloan lending app claims to simplify the borrowing process by using an automated system to verify identities and creditworthiness. However, like many fintech solutions in the Philippines, it has become a subject of intense debate regarding its interest rates and debt collection methods.
Is Madaloan SEC Registered? (Legitimacy Check)
When checking if a lender is a sec registered online lending app, you must look for the Certificate of Authority (CA). Based on the latest data for 2026, here are the official registration details for Madaloan:
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Company Name: IFun Lending Corp.
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SEC Registration No.: 2021090025243-01
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Certificate of Authority (CA) No.: L-21-0061-15
Having an SEC registration means the company is a legal loan app and is under the supervision of the Securities and Exchange Commission. However, borrowers should remain cautious: registration confirms the company’s existence and right to lend, but it does not automatically guarantee that all collection agents will follow the “Fair Collection Practices” code of conduct.
Madaloan Interest Rate and Loan Terms
The most frequent Madaloan review complaints often stem from the high cost of borrowing. While the app provides instant disbursement, the financial trade-off can be significant.
| Loan Feature | Details for 2026 |
| Corporate Name | IFun Lending Corp. |
| Loan Amount | ₱1,500 to ₱8,000 |
| Repayment Period | 91 days to 120 days (Note: Initial terms may be shorter) |
| Daily Interest Rate | 0.1% to 1.0% (Depends on credit score) |
| Service Fee | 10% – 25% (Deducted upfront) |
| Disbursement | GCash, Maya, Bank Transfer |
Simple Interest Calculation Example
If you apply for a loan of ₱4,000 with a 15% service fee for a 14-day term:
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Amount Received: ₱3,400 (₱4,000 – 15% service fee)
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Repayment Amount: ₱4,000 + Interest
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Effective Cost: You are paying for the full ₱4,000 even though only ₱3,400 entered your wallet.
Madaloan Requirements: What Do You Need?
Applying through the Madaloan loan app is straightforward, provided you have the following:
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Filipino Residency: You must be a citizen residing in the Philippines.
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Age Requirement: Usually between 20 and 60 years old.
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One Valid ID: The app accepts UMID, Driver’s License, PhilID, or Passport.
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Employment: Stable income or proof of work increases your approval odds.
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Mobile Phone: An active number for OTP (One-Time Password) verification.
How to Register and Apply for a Loan in Madaloan
If you have decided to proceed, follow these steps to ensure your application is processed correctly:
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Step 1: Download the App. Search for “Madaloan” on the Google Play Store and install it on your Android device.
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Step 2: Register your Number. Enter your active Philippine mobile number. You will receive an OTP code via SMS to verify your account.
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Step 3: Fill out the Personal Profile. Provide your basic details, including your full name, birthdate, and current address.
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Step 4: Upload your ID. Take a clear photo of your government-issued ID and a “liveness” selfie to prove your identity.
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Step 5: Select Loan Amount and Term. Choose how much you need. For first-time borrowers, the approved amount is usually lower.
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Step 6: Wait for Audit. The system will review your data. This typically takes 5 minutes to 24 hours. Once approved, the funds will be sent to your chosen GCash or bank account.
The Reality of Madaloan Harassment Review
The term Madaloan harassment review appears frequently on reddit and Facebook groups dedicated to “OLA victims.” Harassment in the Philippine lending context usually refers to unethical collection practices that violate the National Privacy Commission (NPC) guidelines.
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Contact List Access: Some users report that after defaulting, agents called people in their contact list who were not listed as references.
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Debt Shaming: Threatening to post the borrower’s face on social media or labeling them a “scammer” to their contacts.
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High-Pressure Tactics: Frequent, aggressive calls and texts using legal-sounding jargon to intimidate the borrower.
If you experience these, remember that IFun Lending Corp. is bound by the SEC Memorandum Circular No. 18, which prohibits unfair debt collection practices.
How to Handle Madaloan Complaints
If you feel your rights have been violated, follow these steps to file Madaloan complaints:
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Step 1: Document the Evidence. Take screenshots of all abusive texts, call logs, and defamatory posts.
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Step 2: Contact the SEC. Submit a formal complaint through the SEC’s “i-Message” platform or email the Corporate Governance and Finance Department.
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Step 3: Notify the NPC. If they misused your personal data or accessed your contacts without permission, file a data privacy complaint.
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Step 4: Seek Help on Reddit. The reddit community in the Philippines is very active in providing advice on how to stop harassment from lending apps.
Madaloan Contact Number and Official Website
Finding the correct contact number is essential to avoid falling for scammers posing as loan agents. For any concerns regarding your account or to report Madaloan complaints, use the official channels:
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Official Website: https://www.madaloan.com (Check the app for the most current link).
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Customer Service Email: [email protected] (Varies by company update).
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Contact Number: Check the “Help Center” inside the app for the latest mobile/hotline numbers.
- Hotline & Viber: 09171438842
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Office Address: 20th Floor Zuellig Building Makati Avenue corner Paseo De Roxas Makati, Metro Manila.
Frequently Asked Questions (FAQs)
Is Madaloan a sec registered lending company?
Yes, Madaloan is operated by IFun Lending Corp., which is a sec registered lending company with CA No. L-21-0061-15. Always verify if the registration is still active on the official SEC website.
Does Madaloan access my phone contacts?
During the installation of the Madaloan app, the system will ask for various permissions. If you grant “Contact” permissions, the app may sync your list to their servers, which is often used by collection agents if the loan remains unpaid.
What is the Madaloan contact number and website?
You can find the official contact number and website within the app’s “Contact Us” section. Avoid dealing with people on Telegram or WhatsApp who claim to be agents but ask for upfront “clearance fees.”
Is there a Madaloan review on Reddit?
Yes, searching for a Madaloan review on reddit will yield many real-life stories. Most users on the platform warn about the short repayment windows and the high interest rates compared to traditional bank loans.
What should I do if I can’t pay Madaloan on time?
Communicate with their customer service immediately. Avoid “ghosting” the lender, but also stand your ground if they begin using harassment tactics. You cannot be jailed for an unpaid loan, but your credit standing will suffer.
Final Verdict: Is Madaloan Worth It?
While Madaloan is a registered entity under IFun Lending Corp., it is not a “cheap” way to borrow money. It serves as a last-resort option for emergency cash. Because of the reports regarding Madaloan harassment, we recommend that borrowers only take what they can afford to pay back within the first 7 to 14 days to avoid the compounding interest and aggressive collection cycles.
For those looking for a safer alternative, searching for a legit loan app with lower interest rates or visiting a local credit union might be a better long-term financial move.
⚠️ Financial Disclosure: This app is reviewed for informational purposes. Before applying, always verify its SEC Registration and Certificate of Authority. Be mindful of the Effective Interest Rate (EIR), Processing fees, and Service fees. Borrow responsibly to avoid high penalties and debt traps.
I recently applied here because I needed cash for my Meralco bill. While the approval was fast, I experienced a very high service fee deducted upfront. I only received ₱3,400 from a ₱4,000 loan. Is this normal for SEC registered apps or did I get a bad deal?
High upfront fees are common among OLAs, though they are often criticized. Even SEC-registered apps like Madaloan have different fee structures. Always compute the Effective Interest Rate (EIR) before accepting to ensure it fits your budget.
Does Madaloan really report to the credit bureau? I am trying to build my credit score and I want to know if paying on time here will help me get a credit card later. Most reviews on Reddit say OLAs don’t help much with official bank records.
Generally, many OLAs in the Philippines do not yet have full integration with CIC (Credit Information Corporation). If your goal is building credit, traditional bank products or apps like Tala/GCash are often more reliable for long-term credit history than smaller lending apps.
I’ve read a lot about Madaloan review complaints online lately. I’m hesitant to download the app because of the privacy permissions. Do they really need access to my camera and location? It feels a bit too invasive just for a small amount of ₱2,000.
Your concern is valid. Most OLAs require these permissions for “Know Your Customer” (KYC) and fraud prevention. However, under the Data Privacy Act, they must only use your data for credit evaluation. If you prioritize privacy, you might want to consider lenders with fewer permission requirements.