Fuse Lending in the Philippines

Fuse Lending, Inc. (“FUSE”) is a wholly-owned subsidiary of Globe Fintech Innovations, Inc. (doing business as “Mynt”). Fuse Lending is a licensed lending institution that caters to the underserved and unbanked population in the Philippines, aiming to create and sustain opportunities for growth and stability for individuals and businesses alike through responsible and fintech-enabled lending. […]

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Fuse Lending https://upfinance.com/app/uploads/2020/03/fuse.png
Trade and Financial Tower, 32nd Flr, 32nd St, Taguig, 1634 Metro Manila
(02) 739 2882, wecare@fuselending.com
Interest rate 3% - 25%
Loan tenure from 1 to 6 months
Approval duration Up to 24 hours
Min. monthly income1

Fuse Lending, Inc. (“FUSE”) is a wholly-owned subsidiary of Globe Fintech Innovations, Inc. (doing business as “Mynt”). Fuse Lending is a licensed lending institution that caters to the underserved and unbanked population in the Philippines, aiming to create and sustain opportunities for growth and stability for individuals and businesses alike through responsible and fintech-enabled lending.
Fuse Lending is regulated by the Securities and Exchange Commission (SEC) of the Philippines and fully abides by its rules and regulations.

Instaloan

Interest Rates:  From 4,5% per month
Minimum loan amount: 2 000 PHP
Maximum loan amount: 30 000 PHP
Payment terms: Up to 6 months
Approval time: 1-2 banking days

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Puregold Puhunan Plus

Interest Rates: 3,5% per month
Pawn: ONLY accepts gold jewelry items
The service charge: 1% of the principal loan
Payment terms: Up to 4 months
Approval time: 2 – 6 hours

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Fuse Business Loan

Interest Rates:  From 3% per month
Minimum loan amount: 30 000 PHP
Payment terms: Up to 6 months
Approval time: 1-5 banking days

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Power Payday Advance

Interest Rates:  3,5% per month
Minimum loan amount: 2 000 PHP
Payment terms: Up to 30 days
Approval time: 24 hours

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower requirements

Eligibility:
– 21 to 65 years old
– Filipino citizen
– Employee of an accredited Powerpay+ company

Product Features

Min. financing amount ₱2000
Max. financing amount Up to ₱300000
Min. loan tenure 1 months
Max. loan tenure 6 months
Interest rate 3% - 25%
Approval duration Up to 24 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 1 months 2 months 3 months 4 months 6 months
LOAN AMOUNT ₱150000 ₱150000 ₱150000 ₱150000 ₱150000
FEE 3% 3% 3% 3% 3%
INTEREST AMOUNT ₱375 ₱750 ₱1125 ₱1500 ₱2250
TOTAL REPAYMENT ₱150375 ₱150750 ₱151125 ₱151500 ₱152250

Other Requirements

Need to open linked banked account? Yes

FAQ

Employees at accredited Powerpay + companies

Yes, there will be a one-time application fee of 100Php if you have been approved of P2,500. It will be deducted from the loan amount that will be credited to your GCash account.

Funds will be credited to your GCash account.

To pay for your Instaloan, you may choose from these channels:

1. GCash
Make sure you have enough funds in your GCash wallet to cover your due payment. To fund your wallet, visit the nearest GCash Partner outlets. To learn more about cash-in, check out http://www.globe.com.ph/gcash. You can either choose from GCash Autodebit or Fuse Menu Push Payment:
a. Automatic Debit via GCash
Every due date, we will automatically deduct your due amount through your GCASH account.
b. Fuse Menu Push Payment
To pay, please follow the steps:
1. Dial *141# for the Fuse menu
2. Dial 3 for Pay Loan
3. Dial 1 for Pay for my Loan
4. Type your due amount
5. Type your loan code
6. Type 0 to skip reference
7. Type your MPIN to confirm

2. BPI Bills Payment Facility
a. Go to the BEA (BPI Express Assist) machine. Select
•Bills Payments
•Select Others
b. Enter Reference Number – (10-digit mobile number, ex: 9770878203)
c. Enter Amount to be paid
d. Get ticket from BEA machine and pay for your Fuse Loan at the counter
e. Mention that you are paying for Fuse Lending Inc.

3. AUB Bills Payment Facility
a. To pay over-the-counter at any AUB branch, proceed to access the Virtual Tellering Kiosk (VTK) to get the queue number
b. From the Transaction Type screen, choose PAYMENTS
c. From the Payments screen, choose FUSE LENDING INC. from the company list, and input the following information:
•Subscriber Number (10-digit mobile number, ex: 9770878203)
•Subscriber Name
•Billing Number (same ad Subscriber Number/10-digit mobile number
d. Tap ENTER and the machine will produce a slip with the queue number. The teller will call out the queue number

Just let us know that you have already paid by sending us your GCash payment details or deposit slip at wecare@fuselending.com.

Puregold Puhunan Plus is a revolving credit line exclusive for Puregold Tindahan ni Aling Puring members with an operating business.

Fuse Business Loan is a cash loan tailored for business expansion for entrepreneurs with operating business for at least one (1) year.

Contacts

Full company name Fuse Lending
Address Trade and Financial Tower, 32nd Flr, 32nd St, Taguig, 1634 Metro Manila
Phone number (02) 739 2882
E-mail wecare@fuselending.com
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