Hiramigo Loan

The fast approval process and the ability to receive funds online are among the factors drawing attention to Hiramigo Loan in the Philippines. However, borrowers considering this type of loan need to weigh their need for quick access to funds against the total cost of repayment rather than focusing solely on the advertised loan limit. The lending company’s legal records, interest rates, repayment terms, and applicable fees may directly affect the borrower’s financial obligations after disbursement.

Hiramigo Loan was developed and is operated by Cashpedia Lending, Inc., a company registered with the Securities and Exchange Commission of the Philippines (SEC). The app advertises a maximum loan amount of ₱80,000, with applications and fund disbursements handled through digital channels. Despite the availability of specific legal information, borrowers should still review the approved loan terms, the actual amount they will receive, and the repayment schedule before signing an electronic agreement.

What Legal Documents Does Cashpedia Lending, Inc. Have?

When assessing whether an online lending platform appears to operate legally, checking the company’s records against the government’s official legal databases is an essential step. In the case of Hiramigo Loan, the published information identifies Cashpedia Lending, Inc. as the company responsible for operating the platform.

SEC Business Registration

Hiramigo Loan operates under the legal entity Cashpedia Lending, Inc. The company is registered to do business in the Philippines under SEC Registration No. CS201906528.

This registration number identifies Cashpedia Lending, Inc.’s business registration record with the Philippine regulatory authorities. It is important to distinguish this information from a licence or certificate authorising the company to conduct lending activities.

Certificate Authorising Lending Operations

In addition to business registration, online lending operations in the Philippines require the operating company to hold a Certificate of Authority (CA). The certificate identified for this company is Certificate of Authority (CA) No. 2945.

Cashpedia Lending, Inc. is identified as the holder of this certificate. Holding a CA is associated with the obligation to comply with SEC regulations, including rules on interest rate caps, consumer protection, and debt collection practices.

Registered Office and Company Contact Details

Cashpedia Lending, Inc. publicly provides its office address and customer contact channels as follows:

• Office address: Marajo Tower, Ignition Venture Studio, North Penthouse Unit, Taguig, Metro Manila, 1634 Philippines.
• Official website: https://cashpedialending.com
• Support email: [email protected]
• Customer support hotline: 09304107556.
• Contact centre number: +63 964 129 2433.

These details provide contact points for users who need to ask questions or resolve issues related to their loans.

Hiramigo Loan Limits and Costs to Calculate Before Borrowing

Hiramigo Loan advertises loan amounts ranging from ₱1,000 to ₱80,000. However, the maximum amount does not mean that every applicant will qualify to borrow that much. The approved amount also depends on the system’s assessment of the application.

Why Might First-Time Borrowers Receive a Lower Loan Limit?

The app uses an automated credit scoring system powered by AI to screen applications. For first-time borrowers, the approved loan amount typically falls between ₱1,000 and ₱4,000 to assess their repayment capacity.

The maximum limit of ₱80,000 is only unlocked when users establish a good repayment history without missing payments in previous loan cycles. Applicants should therefore not assume that they will automatically qualify for the entire advertised loan amount.

Advertised APR of 10% to 25%

According to information published by the developer on Google Play, Hiramigo Loan’s annual percentage rate (APR) ranges from 10% to 25%. This APR is described as including interest and additional fees, allowing users to review the costs before signing an electronic loan agreement.

However, when considering an online loan, borrowers should still examine the specific agreement to determine whether any service fees or processing fees will be deducted directly from the disbursed amount. The approved loan amount, the actual amount received, and the total amount repayable should be considered separately before making a borrowing decision.

Calculating the Cost of a ₱10,000 Loan

The following sample calculation illustrates the amount payable based on the assumed interest rate and loan term below:

Principal amount applied for: ₱10,000.

Actual loan term: 180 days, equivalent to 6 months.

Applicable APR: 25%.

Estimated accumulated interest: Approximately ₱1,233, calculated using the formula ₱10,000 × 25% × 180 / 365.

Total amount to settle at maturity: Approximately ₱11,233.

Average monthly financial obligation: Approximately ₱1,872 per month.

This is a sample calculation based on the stated figures. It does not guarantee that every Hiramigo Loan application will receive the same interest rate, loan amount, or repayment term.

Check the Approved Loan Term Before Accepting an Offer

The advertised theoretical loan term ranges from 91 to 360 days. Nevertheless, borrowers should check the final approved term displayed in the app before accepting a loan.

Some systems may shorten the repayment period for the first loan cycle considerably to manage the risk of bad debts. Therefore, borrowers should not rely solely on the advertised loan term range when estimating their repayment obligations.

Requirements Applicants Must Meet for Hiramigo Loan

Applications must meet the customer eligibility criteria set by Hiramigo Loan. The stated requirements cover nationality, age, identification documents, mobile phone number, and financial capacity.

Nationality and Minimum Age

Applicants must be Filipino citizens and at least 18 years old. The age requirement is intended to ensure that borrowers have the legal capacity to take responsibility for their financial commitments.

Government-Issued ID from the Philippines

The app requires applicants to upload at least one valid ID issued by the Philippine government. The listed documents include:

• UMID.
• SSS.
• Passport.
• Driver’s License.
• PRC ID.

Photos of identification documents must be clear, with no cropped edges or glare, so the system can read the information needed for identity verification.

Mobile Phone Number and Repayment Capacity

Applicants must use an active, registered mobile phone number that is working reliably so they can maintain contact and receive OTP codes during registration.

Borrowers must also have a stable source of income or sufficient financial capacity to ensure they can repay the loan on time. Meeting the application requirements does not mean an applicant is guaranteed approval for their desired loan amount.

From Phone Number Verification to Receiving Funds Through an E-Wallet

Hiramigo Loan’s registration process is conducted online. Under the described process, users do not need to meet anyone in person or undergo collateral assessment. The main steps involve downloading the app, verifying a mobile phone number, submitting information, and selecting a disbursement method after approval.

Step 1: Install the App from Google Play

Using a smartphone, users can access the Google Play Store, search for the exact app name “Hiramigo Loan: Credit Loan”, and install it.

Avoid installing the app from APK files of unknown origin found on the internet, as these may pose a risk of malware.

Step 2: Verify the Account Using an OTP

After opening the app, users enter their personal mobile phone number. The system will send a one-time password (OTP) through an SMS message.

Enter the code received to complete phone number verification and activate the personal loan account.

Step 3: Submit Personal and Financial Information

Applicants must fill in the required fields, including:

Full name.

Residential address.

Employment information.

Monthly income.

Reference information.

Next, users must take photos of the front and back of their ID and provide a selfie so the system can perform facial verification.

Step 4: Review the Loan Offer and Choose Where to Receive the Funds

After the application is submitted, the AI system will scan the information and return an approval result within a few minutes.

If users agree to the proposed loan amount and interest rate, they can choose to receive the funds through popular e-wallets in the Philippines, such as GCash and Maya, or through a direct transfer to their personal bank account. Under the described process, the system will automatically disburse the funds after the user completes this step.

Fast approval and fund disbursement are notable features of this type of online lending. However, borrowers should consider the actual costs and repayment terms rather than focusing only on receiving money quickly and overlooking the accompanying financial obligations.

How Does Hiramigo Loan Handle Personal Data?

In addition to borrowing costs, privacy is an important consideration when providing personal information and identification documents to a financial app. The following details reflect the commitments declared by the developer in the Data Safety section on Google Play.

Commitment Regarding Data Sharing

According to information declared by the developer on Google Play, Hiramigo Loan commits to not sharing collected user data with external organisations or third parties.

This commitment is intended to reduce the risk of personal information being transferred to affiliate marketers or other fraudulent organisations. Users should understand that this is information declared by the developer about its data-handling practices.

Encryption During Data Transmission

According to the app’s security description, personal information, ID photos, and financial data transmitted from mobile devices to Cashpedia Lending’s servers are protected using in-transit encryption.

This mechanism helps protect information while it is being transmitted and reduces the risk of data theft through cyberattacks during transmission.

Requesting Data Deletion After Loan Repayment

Hiramigo Loan provides a feature that allows users to submit requests to delete their personal data. After fully repaying their loans and deciding that they no longer need the service, users can contact the developer directly to request the permanent deletion of their personal data records from the system’s storage.

Permissions Users Should Consider

Despite the security measures described above, the app still requires the collection of Location and Personal info data. These details are used for risk assessment and identity verification to prevent loan limit fraud.

Before granting permissions, users should carefully review the requests displayed on their phones and consider how much personal information they are willing to share.

What Payment Channels Are Available for Hiramigo Loan?

Keeping track of outstanding debt and making payments on time can help borrowers reduce the risk of late payment penalties. Hiramigo Loan has the following stated payment methods.

Pay Through the App Using GCash or Maya

Borrowers can prioritise making payments directly through the app using a linked GCash or Maya e-wallet.

This method is described as allowing funds to be synchronised immediately, with the system automatically updating the outstanding balance within a few minutes. It also helps minimise late payment errors caused by lengthy payment processing times.

Pay at Over-the-Counter Payment Locations

For those who prefer to pay in cash, borrowers can visit the following physical payment locations:

• 7-Eleven: Use a CLiQQ Kiosk or the CLiQQ app to obtain a payment code.
• Cebuana Lhuillier: A financial services centre in the Philippines.
• M Lhuillier: A financial services centre in the Philippines.

When paying in person, borrowers should follow the applicable procedure for obtaining a payment code and completing the transaction at the selected payment location.

Verify the Loan Status After Making a Payment

After completing a transaction at a payment location, borrowers should take a photo of the printed receipt or save a screenshot confirming that the transaction was successful.

Next, log in to Hiramigo Loan and check whether the loan status has changed to “Paid.” If the system has not updated the status, the receipt or transaction confirmation image can serve as evidence when resolving disputes concerning payment updates between the payment provider and the app.

Conclusion

Ultimately, Hiramigo Loan should be considered carefully before making a borrowing decision. Take time to assess whether the repayment terms fit your budget and whether you can meet your obligations without putting unnecessary pressure on your finances.