Loan Service

LoansBay provides an online loan application service entrance for users in the Philippines.

Users can complete registration, identity verification, information submission, and loan application through the app by following the page instructions.

LoansBay itself is not a lender. Actual loan services are provided by a qualified licensed lending partner.

Product Details

The actual loan amount, term, interest rate, fees, repayment date, and final approval result shall be subject to the information displayed in the LoansBay app and the review result of the licensed lending partner.

Loan Amount： PHP 1,000 - PHP 50,000

Maximum APR： 30%

Loan Term： 91 days - 365 days

Service Fee： 0

Representative Example

The interest is estimated as follows: Loan Amount × Annual Interest Rate × Loan Days ÷ 365.

That is:

PHP 20,000 × 14.6% × 120 ÷ 365 ≈ PHP 960.

This example is for reference only to help users understand the cost calculation method. The actual loan amount, interest rate, term, repayment amount, and repayment date shall be subject to the information displayed in the LoansBay app.

Loan Amount: PHP 20,000

Loan term: 120 days

Estimated interest: PHP 960

Annual interest rate: 14.6%

Service fee: 0

Repayment PHP 20,960

Go on a loan

Borrow Responsibly

Please apply for a loan based on your actual repayment ability.

Before applying, please carefully confirm the loan amount, term, interest rate, fees, repayment date, and the possible impact of overdue repayment.

Overdue repayment may result in additional charges and may affect your credit record or future loan applications.

Eligibility Criteria

Step 1:

Must be a resident of the Philippines.

Step 2:

Must be at least 18 years old.

Step 3:

Must hold a valid identity document.

Step 4:

Must have a mobile phone number that can be used to receive notifications and complete verification.

Compliance

Licensed Lending Partner

LoansBay is not a lender. Loan services are provided by a qualified licensed lending partner.

Lending Partner Name: KVIKU LENDING CO. INC.

SEC Registration No.: CS201918702

Certificate of Authority No.: 3169

Platform Operator

LoansBay is operated by WAVES FOR WATER ORGANIZATION, INC. As an app service platform, LoansBay provides users with a loan application entrance, process guidance, information display, and user support services.

Regulated by the Securities
and Exchange Commission
(SEC) Philippines