Compliance, laid out plainly
Aprubado is a comparison service, so the rules split two ways: the ones that govern how we run the aggregator, and the ones our SEC-licensed partner lenders must satisfy to lend. Below is the full set, each one linked to the official document, so a borrower or a regulator can check every claim we make instead of taking our word for it.
We verify SEC Certificate of Authority numbers, BSP Circular 1133 s.2021 rate-cap compliance, and SEC MC 19 s.2019 disclosure requirements for every lender mentioned. Aprubado is an independent loan-comparison service and is not a lender.
- R.A. 9474
Lending Company Regulation Act of 2007
The cornerstone law for every non-bank lender in the country: you cannot lend without SEC incorporation and a Certificate of Authority. Since Aprubado never lends, this Act does not bind us directly — but we use it as our admission test. A company only joins the panel once we confirm it is SEC-registered and holds a live CA under R.A. 9474.
Official source ↗ - R.A. 10173
Data Privacy Act
Sets the ground rules for handling personal data. We keep our footprint deliberately small — we take only the details needed to compare lenders and, with your go-ahead, forward the application. There is no reading of your contacts and no rummaging through your photo gallery. Questions go to our Data Protection Officer at general@virixlabs.com.
Official source ↗ - R.A. 9510
Credit Information System Act
Requires loan performance to be filed with the credit bureaus. Aprubado files nothing here — we do not hold your loan, so we have nothing to report. Whichever SEC-licensed partner ends up funding you is the party that reports to CIBI / TransUnion and later updates the entry once the loan is settled.
Official source ↗ - SEC MC 18 s.2019
Prohibition on Unfair Debt Collection Practices
Bans intimidation, foul language, calling your family or boss, and reaching out at unreasonable hours. We only keep partners on the panel that sign up to our own collection conduct on top of the law — contact restricted to 8 AM to 9 PM, and no harvesting of your phone contacts at sign-up. The full standard sits at /how-we-collect.
Official source ↗ - SEC MC 19 s.2019
Disclosure Requirements on Advertisements
Any lending advert has to name the company and show its SEC Registration Number, Certificate of Authority Number, and effective interest-rate range. When we compare offers, we surface those disclosures for each partner, and the lender repeats them on its own offer screen before you commit.
Official source ↗ - SEC MC 3 s.2022
Annual Percentage Rate (APR) Disclosure
For loans over ₱10,000 the APR must be shown before you sign. In practice, whatever amount you are matched for, the partner lender lays out the APR on both its offer screen and the loan agreement so you can compare like with like.
Official source ↗ - BSP MC 1133 s.2021
Interest Rate Cap on Unsecured General-Purpose Loans
Puts a hard ceiling on small unsecured loans of ≤ ₱10,000 running ≤ 365 days: nominal interest maxes at 6% a month, the effective monthly rate at 15%, and the total cost of credit at 100% of the amount borrowed. Every offer we show you is priced inside these limits, and the lender breaks down each charge in the agreement.
Official source ↗ - NPC Circular 20-01
Processing of Personal Data for Loan-Related Transactions
Lays out the Personal Information Controller / Personal Information Processor roles for loan data. The partner lender that funds you is the PIC on record for its own applications. Aprubado is a disclosed intermediary: we act as Personal Information Controller only for the earlier comparison step and our marketing analytics (Meta Pixel and CAPI), and as Personal Information Processor when we pass your consented application across to the lender.
Official source ↗ - NPC Circular 2022-02
Loan-related Transactions Privacy (Amendment)
Puts firmer limits on how much borrower data a lender can touch and how it may be shared. We stick to match-relevant details only — no contact list, no gallery, and no SMS access beyond a one-time OTP — and we require the same restraint from every partner. Reach our DPO at general@virixlabs.com.
Official source ↗ - SEC MC 10 s.2021
Online Lending Platforms (OLP) framework
Names the core lending functions — underwriting, credit decisions, disbursement, and collection — that a licensed lender is not allowed to hand off to anyone else. Aprubado touches none of them; the SEC-licensed partner keeps all of that in-house. What we do is strictly the outside-the-core work: bringing applicants in, comparing and matching them, hosting the pages, attribution, and ad operations — and each partner lists us in its OLP reporting as an authorised acquisition channel under SEC MC 19 s.2019.
Official source ↗ - BIR RMC 97-2021
Tax obligations of digital service providers
Covers how digital service providers are taxed. Aprubado books the referral and marketing fees it receives from partner lenders under the applicable rules and settles its own tax. You, the borrower, still pay us nothing.
Official source ↗ - R.A. 7394
Consumer Act of the Philippines
Requires material connections to be disclosed in marketing. We say it plainly across the site: Aprubado is a comparison service rather than a lender, and it earns a referral fee from the partner lenders. Anything sponsored or revenue-sharing is labelled as such.
Official source ↗
Where we stop and the lender begins
aprubado.ph is an independent comparison and technology platform. We line up applicants against a panel of SEC-licensed partner lenders, each carrying its own SEC Registration Number and Certificate of Authority. Every partnership rests on paperwork: a written referral agreement, a data-sharing agreement, and — where it applies — an outsourcing agreement that satisfies R.A. 10173 and NPC Circular 20-01.
Who does what. The partner that funds you is the lender of record, the operator of record under SEC MC 10 s.2021, and the Personal Information Controller for its own applications. Our side is the software and the shopfront: the site, the application wizard, the matching engine, the analytics and attribution, and the advertising. We do not lend, we do not approve, we do not release funds, and we do not collect.
Where our money comes from. You never pay us — libre talaga. Our income is a referral or marketing fee that a partner lender pays us after a match turns into a funded loan. It comes out of the lender's own margin, not yours, so it does not push up what you owe; your price is fixed by the lender inside the BSP caps and shown to you before you sign. The full breakdown is at /our-fees.
If a partner leaves. Should a lender drop off the panel, any loan it has already funded keeps being serviced by that lender right through to the end — we just stop sending it new applicants.
How we keep ourselves honest
Once a month the Aprubado editorial team runs a compliance sweep, which includes re-checking every partner's SEC standing. Anything material is logged and, where it matters, flagged to that lender's Compliance Officer. Ask for the latest review summary any time at general@virixlabs.com. Privacy queries go to the same address: general@virixlabs.com (Aprubado DPO).