4.4
21.9K reviews
500K+
Downloads
Content rating
Everyone
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About this app

Company Information
Company name: IFun Lending Corp.
SEC Registration No. 2021090025243-01
Registered Business Name: MadaLoan
CERTIFICATE OF AUTHORITY NO.L-21-0061-15

Please review the loan terms and conditions on our website, or contact our customer service for more information:
Working hours: 8am-18pm (Monday to Saturday)
Global Phone: +639171438842
Email: Ifunlendingcorp@gmail.com
Address: Salcedo Avenue,Makati,Kalakhang Manila,NCR, Philippines

1. Product introduction
Loan amount: ₱ 1,500 - ₱ 8,000
Loan term: 120 days, 150 days or 210 days
Interest rate: The highest APR is 18.25% per year, 0.05%/day
Transaction fees: ₱20-₱130. The transaction fee is charged in advance by the transaction channel that borrowed successfully.
Service Fee: 0%

For example:
If you choose a loan limit of 6,000 pesos for a term of 120 days (4 months), the daily interest rate is 0.05%. The transaction fee is ₱20, the service fee and other fees are 0, then you need to pay:
Service fee: ₱6,000*0%=0,
Amount in hand: ₱6,000-₱20=₱5,970,
Total Interest Charge: ₱ 6,000 * 0.05% * 120= ₱ 360,
Interest payable monthly: ₱ 6,000 * 0.05% * 30 = ₱ 90,
Total repayment due (loan amount + total interest charges): ₱ 6,000 + ₱ 360 = ₱ 6,360,
Monthly bill payments including principal and interest are due: ₱ 6,360/4 = ₱ 1,590.

2. Who can apply for the loan?
Only for Filipinos aged 18 to 60.
Filipino citizens
A person with working ability

3. Platform introduction
Madaloan is a loan and the latest online loan platform successfully registered with the Philippine SEC, providing loan services. As the most popular online loan app in the Philippines, Madaloan is a financial partner that provides loans to salaried employees and self-employed.

4. Platform advantage
The main goal of Madaloan App is to help you with your financial problems by providing you with loan solutions.
loan services by utilizing the app. Get a loan easily and meet your financial needs with no stress and zero interest charges.

5. How do I repay the loan
You can pay at 7/11, Mluillier, Gcash, PAYMAYA and any bank near you (BPI, UBP).

Download our online loan app now and enjoy your financial freedom!
Updated on
Nov 27, 2023

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
This app may collect these data types
Personal info
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

4.4
21.9K reviews
Aljon Marinda
January 20, 2024
Dont try to download and fill up to this app because even you didnt continue the application the loan will automatically continue regardless od your approval. Same happen with me after the loan details has been i didnt continue i just quit the app and uninstall it but after several hours they texted me that the loan money has been successfully disbursed to my account. Loan shark indeed after you fill up there's no chance of backing out
226 people found this review helpful
Michelle Jalagpas
March 26, 2024
They will tell you via call that they will renew your loan but after repaying, but no renewal was given. Also you cannot reach out to there customer support, you can't call and they don't respond to your queries. You cannot call back to their numbers but they will rush you to pay even if it's not on your due date. This app is not very helpful at all! Agents are liars and manipulators.
40 people found this review helpful
Christopher Echalar
April 11, 2024
so high fees you cant get the exact loan amount besides theres a lot of hidden fees after you fill up and they only gave 7 days to pay the loan..they dont have the installment loan..unlike other apps.
22 people found this review helpful