Microlending app offers ‘pamasahe’ loan

Aika Rey
Microlending app offers ‘pamasahe’ loan

'PAMASAHE' LOAN. A commuter tries out the Lendpinoy app.


Lendpinoy is offering a P500 loan which would be credited to commuters' Beep cards

Microlending app Lendpinoy is offering Filipino commuters the option to borrow money for Beep-serviced modes of transportation.

Called the Beep Pamasahe Loan – pamasahe being the Filipino word for fare – it allows users to borrow P500 which would be credited to their Beep cards.

Commuters have the option to pay the loan within 14, 21, or 30 days.

Lendpinoy told Rappler that there are no processing fees for this type of loan, while the interest rate is at P3 a day.

“In keeping with the times, it is a service that responds to a specific need – a lifeline for our kababayans (countrymen) this pandemic – at the same time supporting the government’s call for cashless transactions given the new health and safety protocols,” said Nouella Kristi Bautista, chief operating officer of AND Financing Corporation.

Lendpinoy said it would be easy to qualify for the loan once users have already completed the know-your-customer procedure. What the user only needs to have is a Beep card.

Once the loan is approved, users would have to tap their Beep cards at stored value updater machines, which are usually found in transportation terminals, to check if the amount has already been credited.

Beep can be used in point-to-point buses as well as Light Rail Transit Lines 1 and 2 and the Metro Rail Transit Line 3. Some modern jeepneys also accept Beep cards.

Lendpinoy is a subsidiary of Singaporean financial tech company AND Global. –

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Aika Rey

Aika Rey is a business reporter for Rappler. She covered the Senate of the Philippines before fully diving into numbers and companies. Got tips? Find her on Twitter at @reyaika or shoot her an email at