Finmerkado review
Fair — 3.2 out of 5 on our rubric.
Finmerkado is a marketplace, not a lender. You submit one application and it forwards your details to lenders it works with. It does not need a Certificate of Authority because it never lends — the licence that matters belongs to whichever lender you are matched with.
FinMerkado Inc. publishes Certificate of Authority No. unstated and SEC registration 2024120180322-17. We have taken those from the operator's own material and have not yet matched them against the SEC list, so treat them as its claim rather than our confirmation.
Publishes company registration 2024120180322-17 and states plainly that it does not lend. No Certificate of Authority is claimed, which is what we would expect from a comparison platform. Whether that registration carries any broking authority is still to check.
Our rating
out of 5 — Fair
Our own assessment, not a customer poll. Scored on 4 of the 5 criteria that apply to a marketplace, covering 88% of the rubric weight. How we rate
- Regulatory standing · 25%
- 6/10
- Cost transparency · 20%
- 4/10
- Who you borrow from · 15%
- 5/10
- Data handling · 10%
- Not assessed
- Getting approved · 10%
- 7/10
Sub-scores are held on a 0–10 scale and shown that way for precision; the headline converts them to the 5-point scale. Cost of credit is not scored here: a marketplace does not set the price, so the criterion does not apply and its weight is spread across the rest.
Key facts
| Loan amount | Not published — set by the partner bank or lendersource |
|---|---|
| Repayment term | See lender terms |
| Advertised rate | See lender terms |
| Fees | Free to use; Finmerkado does not charge the borrowersource |
| First-loan offer | See lender terms |
| Registered name | FinMerkado Inc. |
We publish a figure only where we can point at the provider’s own published page. Everything else says “see lender terms”.
Who it suits
People shopping a credit card as much as a loan. Finmerkado is the only listing here that covers cards, insurance and deposit accounts alongside personal and car loans, and its bank panel skews to real banks — UnionBank, CTBC, Uno Bank — rather than to app lenders. If your credit is good enough for a bank product, this is a more useful front door than a payday aggregator.
Trade-offs
In its favour
- Says plainly on its own site that it does not lend and does not issue cards, which is more than most aggregators manage
- Panel is weighted to SEC- and BSP-supervised banks rather than short-term app lenders
- Covers cards, car loans and insurance, so one form covers more ground
- Free to the borrower, with no fee charged for the comparison itself
Against it
- Publishes no rate example of its own anywhere on the site — you cannot see a cost of credit until you have registered and been matched
- Registration comes before the offers: every product tile leads to a signup form, not to a comparison table
- Same operator as LoanOnline in this registry (SIA Jeff), so the two are not independent second opinions
- Two different head offices are published — Eco Tower BGC on the website, IBP Tower Pasig on its Facebook page
Before you apply
- Ask for the total cost in pesos, not the daily rate. Then put it through the loan calculator to see the effective rate and whether it sits inside the ceiling.
- Check the operator name on the SEC lists — the brand on the app is often not the licensed company.
- Find out which lender you have been matched with before you accept, and check that one too.
- If an app asks for your contacts or photos, that is the setup for the debt-shaming this market has a history of. Refuse it.
We earn a commission when you apply through some of the links on this page, and that can affect the order providers appear in. It does not affect whether we tell you a provider is a broker rather than a lender, or that we could not verify its registration.
Borrow only what you can repay. Compare the effective interest rate, including fees, rather than the advertised daily or monthly rate — they are not the same number. Missing payments adds penalties and is reported to the credit bureau. If a lender or collector threatens you or contacts the people in your phone, that is prohibited, and you can report it to the SEC.
Borrower reviews
Nobody has submitted a review of Finmerkado yet. When they do, they appear here in full — we do not write them ourselves and we do not buy them in.
Borrowed from Finmerkado?
Tell other people what actually happened — the amount you were offered, the fees you were charged, how collection was handled. We publish real submissions only, and we read each one first.
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What we still have to check on this provider (4)
- Confirm whether FinMerkado Inc. reg. 2024120180322-17 is a plain corporate registration or carries any lending/broking authority
- Confirm the relationship between FinMerkado Inc. and SIA Jeff — subsidiary, licensee or white-label operator
- Resolve the Eco Tower BGC vs IBP Tower Pasig address discrepancy
- Capture a representative cost example once past the registration wall
Published openly on purpose. A review that hides its own gaps is asking you to trust it more than it has earned.
Last reviewed 2026-08-19.