PeraSure expands digital lending access for Filipino gig workers

Insider Spotlight

• PeraSure targets underserved Filipino gig workers and informal earners who face barriers to traditional borrowing
• The platform offers loans up to P50,000, with daily interest rates starting at 0.10 percent
• Its launch follows the SEC's tighter monthly interest and fee ceiling for qualifying small loans
  
  
  

Digital lending platform PeraSure has officially launched in the Philippines, seeking to expand access to personal loans for millions of gig workers, freelancers and micro-entrepreneurs traditionally underserved by financial institutions.

Operated by Securities and Exchange Commission (SEC)-registered Sulit Lending Corp., the platform offers paperless loan applications without conventional requirements such as payslips or employer-issued certifications.

9.9 million gig workers

The company cited Philippine Statistics Authority data indicating that approximately 9.9 million Filipinos, representing roughly 22 percent of the country's 44 million employed workers, participate in gig or informal employment.

These workers often struggle to qualify for conventional financing because their earnings come from irregular projects, digital platforms or small businesses rather than fixed monthly salaries.

PeraSure's market entry coincides with tightening of lending regulations under SEC Memorandum Circular No. 14, Series of 2025, which took effect on April 1, 2026.

The regulation reduced the combined monthly interest and fee ceiling for qualifying small loans to 12 percent from 15 percent.

In a company statement, PeraSure said its daily interest rates start at 0.10 percent, while repayment periods range from 30 to 180 days, depending on individual credit assessments.

Revolving credit facilities

Applicants can submit a government-issued identification card and basic employment or income information through the mobile application.

The company said automated credit assessments can deliver approvals in approximately three minutes, with loan disbursements typically completed within five minutes.

Unlike conventional one-time borrowing arrangements, PeraSure offers revolving credit facilities, allowing eligible customers to access approved credit lines repeatedly and potentially increase their limits through consistent repayments.

Growing opportunities

The platform is available through Google Play, positioning PeraSure to compete for borrowers seeking accessible, transparent financing.

Its expansion underscores growing opportunities for digital lenders serving Filipinos whose income arrangements fall outside traditional employment structures. —Vanessa Hidalgo | Ed: Corrie S. Narisma