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, 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
Calculate loanPuregold 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
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
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
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 |
| wecare@fuselending.com | |
| Social networks |
