Closing the Credit Gap: PeraSure Launches Digital Lending Platform for 9.9 Million Filipino Gig Workers

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PeraSure officially launches in the Philippines, providing ID-only digital personal loans up to ₱50,000 for gig workers, freelancers, and micro-entrepreneurs.

PRESS RELEASE

PeraSure Expands Loan Access for 9.9 Million Gig Workers Under Updated SEC Ceiling

MANILA, Philippines – Traditional credit requirements have long excluded a large share of the Philippine workforce. According to the Philippine Statistics Authority, about 9.9 million Filipinos, or roughly 22% of the country’s 44 million employed workers, work in gig or informal roles. For workers who rely on freelance projects, platform work, small businesses, or other non-traditional arrangements, standard credit assessments anchored on regular payslips and employer-issued documents remain a barrier to borrowing.

Against this shifting employment landscape, PeraSure, a digital lending app operated by SEC-registered Sulit Lending Corporation, officially launched in the Philippines to make credit more accessible to workers with diverse income streams.

“Many hardworking Filipinos earn a living outside a regular payroll, yet lending has long been built around payslips,” PeraSure noted. “We want borrowers to see exactly what they will pay, within the SEC’s limits, before they confirm a loan.”

To simplify the borrowing experience, PeraSure lets eligible users apply with a government-issued ID and basic employment or income information, bypassing traditional consumer lending paperwork. Borrowers can review a full rate breakdown, applicable fees, and total repayment amounts upfront before confirming their loan, ensuring no hidden charges.

PeraSure’s launch also arrives as tightened regulatory ceilings take effect across the Philippine lending sector. Under SEC Memorandum Circular No. 14, Series of 2025, effective April 1, 2026, combined interest and fees on qualifying small loans are capped at 12% per month, down from 15% per month. PeraSure operates well below this ceiling, charging a daily interest rate as low as 0.10%.

The platform offers loan amounts of up to ₱50,000, with flexible repayment terms ranging from 30 to 180 days based on individual credit evaluations.

Instead of requiring users to reapply and requalify for every transaction, PeraSure is built around a revolving credit relationship. Eligible borrowers can draw on an approved credit line over time, letting their limit grow as their repayment record builds, rather than starting from zero with each new loan.

Addressing the everyday cash-flow needs of salaried employees, gig workers, and micro-entrepreneurs alike, PeraSure reflects a broader structural shift in the Philippine workforce toward more varied and flexible income sources.

The PeraSure app is now available for download on Google Play.

Benefits of the PeraSure Platform

  1. Expanded Access for Informal Earners: Opens formal credit avenues to 9.9 million gig workers and freelancers who lack corporate payslips.
  2. ID-Only Paperless Application: Simplifies onboarding by eliminating cumbersome documentation requirements like HR certificates or tax filings.
  3. Rapid Automated Approvals: Data science decision engines process loan applications within approximately three minutes.
  4. Fast Disbursement: Approved funds are typically transferred into the borrower’s account within five minutes.
  5. Strict SEC Regulatory Alignment: Operates well below the 12% monthly fee ceiling mandated by SEC Memorandum Circular No. 14, S. 2025.
  6. Upfront Price Transparency: Displays complete rate breakdowns, service fees, and total repayment obligations prior to loan confirmation.
  7. Revolving Credit Structure: Enables repeat borrowers to access ongoing credit lines without resubmitting complete applications each time.
  8. Credit Growth Potential: Builds higher credit limits for users over time as they demonstrate consistent, on-time repayment habits.
  9. Flexible Loan Terms: Offers customizable repayment schedules ranging from 30 to 180 days based on individual credit assessments.
  10. Competitive Low Rates: Features daily interest rates starting as low as 0.10%, minimizing borrowing costs for short-term liquidity needs.

Insights: What This Launch Means for the Market

  1. Shifting Workforce Demographics: With over 22% of the employed population in gig roles, financial products must adapt beyond traditional payroll models.
  2. Data Science Replacing Bureaucracy: Automated risk assessment models allow fintechs to evaluate creditworthiness without relying on physical paperwork.
  3. Impact of Tightened SEC Regulations: Capping interest and fees at 12% monthly forces digital lenders to focus on operational efficiency and volume rather than predatory pricing.
  4. Solving the Cash Flow Gap: Flexible credit lines help gig workers manage irregular income cycles and unexpected business expenses.
  5. Democratization of Micro-Loans: Digitizing personal lending reduces distribution costs, enabling lower interest rates for retail borrowers.
  6. Growth of the Revolving Credit Model: Moving from single-transaction loans to open credit lines fosters long-term customer relationships and financial discipline.
  7. Increasing Mobile Banking Adoption: Launching via Google Play highlights the dominance of smartphone apps as the primary gateway for financial inclusion in the Philippines.
  8. Mitigating Predatory Loan Exposure: Transparent, regulated apps give vulnerable borrowers a safe alternative to illegal, predatory loan operators.
  9. Empowering Micro-Entrepreneurs: Small business owners can leverage instant credit for working capital, inventory purchases, and equipment needs.
  10. Fintech as an Economic Stabilizer: Providing accessible credit options to informal workers strengthens consumer spending and overall economic resilience.

Conclusion

The launch of PeraSure represents a positive step toward inclusive finance in the Philippines. By aligning with updated SEC regulatory caps, removing paperwork barriers, and utilizing automated credit evaluation, the platform addresses the needs of 9.9 million gig workers and micro-entrepreneurs. As the domestic labor landscape continues to embrace flexible employment, transparent digital credit solutions like PeraSure will play a key role in empowering non-traditional earners and driving economic stability across the country.

About PeraSure

PeraSure is a digital lending app that offers paperless, ID-only personal loans of up to ₱50,000 with repayment terms of 30 to 180 days. Designed for salaried Filipinos, gig workers, and micro-entrepreneurs, PeraSure uses automated decisioning and data science in place of traditional documentation like payslips or HR letters, with approval in about three minutes and disbursement typically within five. PeraSure is operated by Sulit Lending Corporation, an SEC-registered and authorized lending company in the Philippines. The app is available on Google Play. More details about PeraSure are available on their website at www.perasure.ph. 

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Key Phrases

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  7. Revolving credit app for micro entrepreneurs
  8. Fast approval personal loans Google Play
  9. Philippine informal workforce credit access
  10. Low interest digital lending 12 percent SEC cap

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