Is Eperash loan app legit or a scam in the Philippines? The short answer: Eperash claims to be SEC registered, but there are numerous harassment and complaint reports from users. While it operates legally under a financing company, users must be cautious due to privacy concerns and aggressive collection tactics. In this article, we’ll break down its registration details, user experiences, legitimacy, and whether it’s safe to use in 2026.
What is Eperash Loan App?
Eperash is an online lending platform in the Philippines, operated by Scoreone Financing Corp. It provides fast cash loans through mobile devices for people who need quick financial assistance.
The app can be downloaded on both Android and iOS devices. After installing, users can register with a valid ID, mobile number, and employment details to apply for a loan directly through the app.
Loan features (based on app information):
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Loan amount: ₱1,000 – ₱20,000 (some reports mention up to ₱70,000 for repeat borrowers)
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Loan term: 91 – 365 days
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Processing time: approval within minutes; disbursement typically within 24 hours
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Payment methods: through bank transfer, GCash, or other e-wallets
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Customer service email: cs-eperash@e-perash.com
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Operating hours: 9:00 AM – 6:00 PM (Monday to Saturday)
The app promotes fast loan approval with minimal documentation, appealing to those who need urgent cash. However, users should read the full loan agreement before proceeding, as there are several reports about hidden fees and unexpected deductions.
Is Eperash SEC Registered?
A legitimate lending company in the Philippines must be registered with the Securities and Exchange Commission (SEC).
Eperash, through Scoreone Financing Corp., claims to have:
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SEC Registration No. CS201919995
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Certificate of Authority No. 1257
This means Eperash is officially recognized as a lending entity under Philippine law. However, SEC registration does not automatically guarantee ethical behavior or good customer service. It only confirms that the company has the authority to operate lending services.
While Eperash’s registration is valid, the SEC has not publicly revoked its license. Still, consumers should remain alert to how the company handles personal data and loan collection practices.
Harassment Complaints and User Reviews
Despite being legally registered, Eperash has been associated with several complaints, especially concerning harassment, privacy violations, and misleading loan terms.
1. Harassment of Borrowers and Contacts
Many borrowers claim that Eperash or its collection agents harassed them or their phone contacts during loan repayment delays. Reports include:
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Sending threatening text messages to the borrower and their family members.
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Contacting individuals who were never listed as references.
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Using aggressive language or public shaming to demand repayment.
This happens because the app allegedly requires access to phone contacts during installation, which can later be used by collectors to pressure users.
2. Loan Amount Discrepancy
Several borrowers mentioned that the actual disbursed loan amount was lower than what they applied for. For example, users who applied for ₱3,500 only received around ₱2,200 after “processing fees” were deducted upfront, even though full repayment was still expected.
3. Privacy Concerns
There are cases where individuals received calls or messages from Eperash even though they never applied for a loan, simply because someone in their contact list had used the app. This raises serious concerns about data misuse and privacy violations.
4. Poor Customer Service
Borrowers reported delays or no response when reaching out to customer service about loan extensions or repayment issues. Some also mentioned that the company’s replies were automated and unhelpful.
Is Eperash Legit or a Scam?
Eperash appears to be “legit” on paper because it is registered under the SEC with the correct Certificate of Authority. However, legitimacy in documentation doesn’t mean the app follows fair and ethical lending practices.
Why It May Be Legit:
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Has official SEC registration (CS201919995, CA 1257)
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Offers real disbursement of funds
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Provides loan services accessible on both iOS and Android
Why Users Should Be Cautious:
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Multiple verified complaints about harassment and privacy breaches
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Deduction of processing fees before loan release
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Aggressive collection practices
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Contact-list access potentially misused
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Unclear repayment and penalty terms
Final Assessment:
Eperash is legally registered but operationally high-risk. It’s best categorized as “legit but unsafe.” Borrowers should proceed carefully, read the contract thoroughly, and never share unnecessary permissions like contact access.
What To Do If You Experience Harassment
If you or someone you know has been harassed by Eperash or any online lender:
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Document all communications — screenshots, messages, and call logs.
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Report to SEC Enforcement and Investor Protection Department (EIPD).
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Avoid engaging with collectors directly — especially if they use threats or public shaming.
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Inform your contacts that their data might be compromised.
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Seek help from local authorities if harassment persists.
These actions can help protect you from abusive practices and hold unethical collectors accountable.
Tips for Safe Online Loans in the Philippines
To avoid issues like those reported with Eperash, here are a few safe borrowing practices:
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Borrow only from SEC-approved lenders listed on the official SEC website.
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Read loan terms carefully before applying.
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Avoid apps that require contact access or photo storage permissions.
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Always check the effective interest rate (EIR), not just the nominal rate.
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Pay loans on time to prevent high penalty charges.
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If possible, use more reputable digital banks or financing apps with verified customer reviews.
Conclusion
Eperash provides a convenient online loan option in the Philippines but comes with significant risks related to data privacy, harassment, and unclear deductions. Even though it is SEC registered under Scoreone Financing Corp., the company’s practices have drawn numerous user complaints.
Borrowers should approach with caution and treat Eperash as a high-risk lender. For those who value privacy and peace of mind, safer and more transparent lending apps may be better choices.
Nicholas Bloom is a renowned British economist and professor at Stanford University, best known for his groundbreaking research on management practices, remote work, and productivity. His studies have significantly influenced how organizations adapt to modern work environments. Bloom has collaborated with leading institutions worldwide and frequently contributes insights on economic growth, innovation, and workplace dynamics, making him one of the most respected voices in contemporary economic research.
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