Digido Loan Review

The rise of online lending apps has reshaped how Filipinos access short-term credit, especially for the underbanked. Among the most talked-about platforms in recent years is Digido Loan—a digital lending service that promised fast approvals, minimal requirements, and even “interest-free” loans for new users.

What Is Digido Loan?

Digido Loan is an online personal loan product originally operated by Digido Finance Corporation, a Philippine-registered financing company that launched in March 2020. It was designed as a fully automated digital lending platform, allowing users to apply for loans online and receive approval within minutes—often without visiting a physical branch.

Digido primarily targeted underbanked Filipinos aged 21 to 70, offering short-term cash loans with minimal documentation, usually just one valid government ID. At its peak, the platform claimed to have processed over 3.7 million loans and served more than one million unique borrowers nationwide.

Digido Loan Review: Features, Pros, and Cons

Key Features

• Fully automated online application
• Fast approval (as quick as 4–10 minutes)
• No collateral required
• GCash and bank disbursement
• “Interest-free” promo for first-time borrowers

Pros

• Very fast access to emergency cash
• Minimal requirements compared to banks
• High approval rate (reportedly above 90%)
• 24/7 availability, even on weekends and holidays

Cons

• Processing fees deducted upfront
• High effective interest for repeat loans
• Daily penalties for late payments
• Widespread complaints about aggressive collections
• Data privacy and harassment allegations

This mixed feedback made Digido one of the most polarizing online lending apps in the Philippines.

Digido Loan Interest Rate: What Borrowers Really Pay

The Digido loan interest rate is one of the most misunderstood aspects of the platform.

Advertised Rates

• First-time borrowers:
  • Loan amount: ₱1,000 – ₱10,000
  • Term: 7–15 days
  • Advertised interest: 0% (promo period)
• Repeat borrowers:
  • Loan amount: Up to ₱25,000
  • Term: Up to 180 days
  • Interest: Up to 1.5% daily, with a maximum 36% APR

Real Cost of Loans

In practice, many borrowers reported that:

• Processing fees (usually ₱250) were deducted before disbursement
• A ₱3,000 loan might result in only ₱2,820 received
• Late payments caused balances to balloon rapidly, sometimes tripling the original loan

This gap between advertised rates and actual repayment costs led to dissatisfaction and financial distress for many users.

Is Digido Loan Legit?

Is Digido loan legit?
From a legal standpoint, Digido Loan was once legitimate.

Digido Finance Corporation was:

• Registered with the Securities and Exchange Commission (SEC)
• Issued SEC Registration No. CS202003056
• Granted Certificate of Authority No. 1272 to operate as a financing company

However, legitimacy is not permanent—and Digido’s status changed dramatically in 2025.

Digido Loan Legit Issues and SEC Revocation

Why Digido Lost Its License

In May 2025, the SEC revoked Digido’s Certificate of Authority after finding that the company operated unregistered physical branches in Cavite without prior approval, violating the Financing Company Act (RA 8556).

The SEC ruled that even small “booths” used to solicit loan applications required authorization. Evidence showed Digido actively invited borrowers to these locations to receive cash loans, leading to the shutdown of Digido and its affiliated brands.

Additional Red Flags

• Suspension from the Credit Information Corporation (CIC)
• Expulsion from Fintech Alliance Philippines for ethics violations
• Failure to respond to formal “Notice to Explain” directives

As a result, by late 2025, Digido Loan was no longer authorized to operate under its original corporate identity.

Digido Loan Review: Consumer Complaints and Experiences

Another critical part of any Digido loan review is the borrower experience.

Common Complaints

• Receiving less money than the approved loan amount
• Extremely high penalties for late payments
• Aggressive and frequent collection calls
• Alleged harassment, debt shaming, and threats
• Unauthorized access to contacts and personal data

Some borrowers reported severe emotional distress, while others said Digido offered discounted settlement options for long-overdue accounts. This wide range of experiences explains why Digido reviews online are deeply divided.

Is Digido Loan Legit Today? Rebranding to “Big Loan”

If you’re asking “is Digido loan legit today?”, the answer requires caution.

By late 2025 to early 2026, Digido’s operations appeared to re-emerge under the brand “Big Loan”, now operated by Fingertip Lending Corp., a separately registered SEC entity.

While Fingertip Lending Corp. currently holds a valid Certificate of Authority, many users and analysts point out:

• Identical loan structures and limits
• Similar interest models and processing fees
• Overlapping contact details and system behavior

This makes it crucial for borrowers to verify the operating company, not just the app name.

Final Verdict: Should You Trust Digido Loan?

Digido Loan’s story is a cautionary tale in the Philippine fintech space.

Key Takeaways

• Digido was once a legitimate, SEC-registered lender
• High interest rates and penalties caused borrower distress
• Regulatory violations led to license revocation in 2025
• The Digido model appears to continue under new branding
• Borrowers must verify SEC status before applying

For Filipinos considering online loans, the Digido case highlights the importance of:

• Checking SEC Certificates of Authority
• Understanding total loan costs, not just advertised rates
• Protecting personal data and digital privacy

As digital lending continues to evolve in the Philippines, financial convenience must never come at the cost of consumer protection.