Madaloan App Review: Legit, Features, and User Experiences in the Financial Landscape

In the ever-evolving landscape of financial technology, the Madaloan app has emerged as a notable player, promising instant loans to users. However, the surge in popularity has been accompanied by questions regarding its legitimacy, reports of harassment, and customer complaints. In this article, CashExpress PH aims to dissect the various facets of the Madaloan app, exploring its features, user feedback, and shedding light on its overall reliability and trustworthiness.

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Madaloan Overviews

Criteria Details
Reviews Madaloan app has received positive reviews, showcasing a favorable user experience.
Loan Amount Avail loans ranging from ₱1,000 to ₱20,000, providing flexibility to meet various financial needs.
Age Applicants must be between 18 to 65 years old, ensuring accessibility to a wide age group.
Term Choose a repayment term that suits your financial situation, ranging from 3 to 12 months.
Interest Rate Benefit from competitive interest rates, starting from 0.08% per day for cost-effective borrowing.
Requirements Simple eligibility criteria: Be a Filipino citizen, making it accessible to a broad audience.
Effectiveness Evaluation The effectiveness of Madaloan app is rated as ‘Good,’ reflecting its ability to meet user expectations.
Complaints No reported complaints, indicating a reliable and customer-friendly service.
Harassment Users experience minimal harassment, with communication limited to pop-up notifications or SMS texts.
Legit Madaloan is a legitimate service, providing a secure platform for financial transactions.
Phone Number Contact Madaloan at +639171438842 for inquiries or assistance, ensuring direct and accessible communication.
SEC Registration No. The app is registered with the SEC under the number 2021090025243-01, instilling confidence in its regulatory compliance.
Madaloan App Download APK Download the Madaloan app APK from this link, ensuring a secure and official source for installation.

Reviews and Loan Details

The Madaloan app caters to a broad spectrum of users, offering loans ranging from ₱1,000 to ₱20,000 with repayment terms spanning 3 to 12 months. The app targets individuals aged 18 to 65 years, positioning itself as a versatile financial solution. The interest rates start from 0.08% per day, making it essential to evaluate the cost implications for potential borrowers. Notably, Madaloan is accessible to Filipino citizens, showcasing its commitment to serving the local community.

Effectiveness, Complaints, and Harassment

Initial evaluations suggest that the app is effective, with no significant complaints reported. However, occasional pop-up notifications or SMS texts have been noted as a form of mild harassment. Despite these minor inconveniences, Madaloan holds the tag of legitimacy, as evidenced by its SEC Registration No.: 2021090025243-01.

What is Madaloan? How does it work?

Madaloan positions itself as an online lending platform, aiming to simplify the process of obtaining cash loans for Filipinos. The platform boasts a user-friendly interface, facilitating quick and easy loan applications. Users can secure loans for various purposes, from medical emergencies to fulfilling housing needs, making it a versatile financial tool for the diverse needs of the Filipino population.

Is Madaloan Legit?

Affirmative. Madaloan is a legitimate player in the online lending sphere in the Philippines. Its registration with the Securities and Exchange Commission (SEC) as IFun Lending Corp and membership in the FinTech Alliance Philippines, a self-regulatory organization for fintech companies, adds a layer of assurance regarding its compliance with regulatory standards.

Is Madaloan SEC Registered?

Madaloan has undergone the regulatory processes and is duly registered with the SEC, holding a Certificate of Authority to Operate as a Lending Company under the name “IFun Lending Corp.” (SEC Registration No.: 2021090025243-01). This regulatory compliance enhances its credibility as a financial service provider.

Madaloan App Benefits

The Madaloan app prides itself on delivering several benefits to its users:

  • Convenience: The mobile app streamlines the loan application process, enabling users to apply for short-term loans from anywhere.
  • Short Funding: The app promises swift loan approval times, ensuring that users can access funds promptly.
  • Online Application: Users can submit loan applications online, eliminating the need for extensive documentation and simplifying the overall procedure.
  • Privacy Policy: Madaloan emphasizes user privacy, implementing a robust Privacy Policy to safeguard sensitive customer data.
  • Minimal Paperwork: The app minimizes the paperwork required, making it accessible to individuals with limited financial records.

Cons of Madaloan

However, Madaloan is not without its drawbacks:

  • High-Interest Rate: The daily interest rate of 0.08% can accumulate to a high Annual Percentage Rate (APR), potentially making loans from this app comparatively expensive.
  • Regulation Concerns: Some doubts have been raised regarding the app’s adherence to regulations, signaling a potential risk for borrowers. It’s advised to exercise caution when dealing with unregulated lenders.
  • Accessibility: The app is currently available for Android users, potentially limiting access for iOS users.

Madaloan Online Loan Interest Rates

Understanding the financial implications of borrowing from Madaloan is crucial. The interest rate stands at 0.08% per day, and the loan balance accrues daily interest charges at this rate. Borrowers are urged to carefully read the terms and conditions, ensuring a comprehensive understanding of the overall cost before submitting an application.

Madaloan Calculator

To provide a clearer picture, let’s consider an example using the Madaloan app calculator:

Loan Amount: ₱6,000 Interest Rate: 0.08% per day Loan Term: 120 days (4 months)


  • Total Interest: ₱6,000 * 0.08% * 120 days = ₱360
  • Monthly Interest: ₱6,000 * 0.08% * 30 days = ₱90
  • Total Repayment: ₱6,000 + ₱360 = ₱6,360
  • Monthly Repayment: ₱6,360 / 4 months = ₱1,590

Therefore, borrowing ₱6,000 from Madaloan for 120 days incurs a total interest of ₱360, with a monthly repayment of ₱1,590.

Madaloan App Requirements

To qualify for Madaloan, certain criteria must be met:

  • Filipino citizenship
  • Age 18 or older
  • Steady employment or a reliable source of income

These requirements are in place to ensure that borrowers can meet their repayment obligations.

How to Apply for Madaloan App?

Applying for loans through Madaloan is a straightforward process:

Step #1: Get the App

Download the Madaloan app from the Google Play Store for Android devices.

Step #2: Make an Account

Create an account within the Madaloan app, providing necessary details such as name, contact information, and identification papers.

Step #3: Submit Loan Application

Sign in to the app, access the loan application section, and input the required information, including the loan amount, terms of repayment, and the purpose of the loan.

Step #4: Upload Papers

The app may request additional documentation to verify your identity, such as passports, proof of income, and bank records.

Step #5: Wait for Approval

After submitting the loan request and documents, Madaloan will review your application, assess your credit status, and determine whether to approve the loan.

Step #6: Madaloan Disbursement

Upon approval, the app will transfer the accepted loan amount to the bank account specified during the application.

Step #7: Repayment

Borrowers are advised to thoroughly understand the loan terms and devise a plan for repayment. Regular payments are encouraged, either through automatic processes or manual payments as needed.

Madaloan Reviews

User reviews serve as a pivotal aspect of evaluating the Madaloan app. Currently boasting an average rating of 4.2 stars on the Google Play Store, users commend the app for its simplicity in loan application and quick fund disbursement. Anecdotal evidence from a user attests to the efficiency of the process, particularly in emergencies. However, it’s crucial for potential borrowers to conduct thorough research, read reviews, and grasp the terms and interest rates before committing to the service.

How to Pay Madaloan?

Madaloan offers multiple payment methods for the convenience of its customers. Payments can be made in-person at banks, payment centers, and through online/mobile banking. Additionally, the app provides a list of remittance centers where loan repayments can be made automatically. Popular payment options include 7-Eleven, Mluillier, Gcash, PAYMAYA, and various banks like BPI or UBP.

Madaloan Harassment and Complaints

Harassment concerns arise when borrowers face challenges in repaying their loans. In the Philippines and beyond, harassment related to unpaid online loans is a prevalent issue. For Madaloan borrowers experiencing harassment, a structured approach is recommended:

Step #1: Contact the Lender

Initiate communication with Madaloan to discuss repayment options or request a revised payment plan.

Step #2: Know Your Rights

Educate yourself on your rights as a borrower. Lenders are bound by laws and regulations governing debt collection practices.

Step #3: File a Complaint

If harassment persists, consider filing a complaint with relevant authorities, such as the National Privacy Commission (NPC) in the Philippines, as indicated in available sources.

Step #4: Seek Legal Advice

Consult with a legal professional to explore potential legal actions against unlawful harassment.

Step #5: Document Harassment

Maintain thorough records of any harassment attempts, including messages, calls, or other forms of communication, to serve as evidence if necessary.

Step #6: Community Support

Engage with online communities or support groups, such as Facebook groups, to share experiences and seek advice from individuals who may have faced similar issues.

Compare Madaloan App to Other Apps

To offer a broader perspective, comparing Madaloan with other loan apps like Pesocash Loan and Binixo Loan is crucial. This comparative analysis delves into key criteria such as interest rates, loan amounts, repayment periods, and accessibility:

Criteria Madaloan App Pesocash Loan Binixo Loan
Interest Rate 0.08% per day 3.5% per month 1% per day
Loan Amount ₱1,000 – ₱20,000 ₱2,000 – ₱20,000 ₱2,000 – ₱20,000
Repayment Period Up to 12 months Up to 6 months Up to 36 months
Accessibility Only Android Both iOS and Android Both iOS and Android

This comparative analysis helps potential borrowers in making informed decisions based on their specific preferences and requirements.

Madaloan Contact Number

For users with reviews or concerns, reaching out to Madaloan can be done through various channels:

  • Phone Number: +639171438842 (Global)
  • Email:
  • Address: Salcedo Avenue, Makati, Kalakhang Manila, NCR, Philippines


Madaloan stands as a legitimate and accessible online lending platform in the Philippines, providing a quick and convenient financial solution for users with varying needs. While user reviews generally highlight positive experiences, it is essential for potential borrowers to approach Madaloan with a comprehensive understanding of its terms and conditions. The high-interest rate and occasional complaints about customer service and harassment practices underline the importance of due diligence before engaging with this financial service.

With its SEC registration and commitment to regulatory compliance, Madaloan positions itself as a player in the fintech space, catering to the diverse financial needs of the Filipino population. As with any financial service, users are encouraged to exercise prudence, thoroughly research, and seek clarity on all aspects before committing to loans offered by Madaloan. This review aims to empower users with the knowledge needed to make informed financial decisions in the dynamic landscape of online lending.

5/5 - (5 votes)

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