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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Fuse

Advertiser Disclosure

About lender

Fuse Lending is a company that offers residents of the Philippines quick, simple, and affordable loans. The organization's primary goal is to provide opportunities for people and small companies to achieve financial security and growth.Fuse Lending is a wholly-owned subsidiary of Globe Fintech Innovations, Inc. Fuse Lending is a registered financing company that provides responsible and fintech-enabled lending to the Philippines' underserved and unbanked population for both people and companies. Fuse Lending is controlled by the Securities and Exchange Commission (SEC) of the Philippines and complies with all of its rules and regulations.

Pros and cons

Before borrowing money from any lender, knowing every aspect is important. Following are some pros and cons of Fuse Lending to know better about their services.

Pros

  • The company doesn’t require you to have a bank account
  • The company offers instant approval of the application
  • The company offers convenient methods for repayment of loans

Cons

  • You cannot get two loans at the same time
  • When you compare the loan duration, it is less compared to other lenders.

Loan conditions

Fuse Lending is a Philippine-based online lender that offers a wide variety of loan products to cater to the different needs of citizens, such as Instaloan, Power Payday advance, Puregold Puhunan Plus, and Fuse Business Loan. The majority of its services do not require having a bank account. For applying, the applicant must be between the ages of 21 to 65 and be employed. They should be Filipino citizens and have Globe or TM sim cards. Other requirements include:

For Instaloan. Apart from general requirements, a one-time 100 charge is required for Instaloan. There will be no further charges after that.

For Puregold Puhunan Plus. The loaner must be a member of Puregold Tindahan ni Aling Puring and hold a Puhunan Plus Card in order to be eligible for Puregold Puhunan Plus. In addition, the loaner must have a running business to qualify for a Fuse Business Loan.

For Power Payday Advance. The applicant must be between the ages of 21 and 65, a Filipino citizen, and an employee of a Powerpay+ approved firm to qualify for a Power Payday advance. In addition, the applicant must have an open and connected bank account.

For Fuse Business Loan. To apply for a business loan, the applicant must be 21 to 65 years old. Only businesses that are operational for more than one year are eligible for this loan. The loan is available for people living in Metro Manila and 200 other municipalities/cities of the nation.

Funding a loan

To apply for a loan, you must follow a set of actions. Go to Fuse Lending's official website, Quick Links, and Access My Loan. Select the product type you want to apply for and start your application process. Fuse Lending offers four types of loan products, they are:

  • CInstaloan. Instaloan is a personal microloan that may be used for medicine, bills, food, and other necessities. It evaluates loan applications using non-traditional scoring methods, and the approval time is 1-2 banking days
  • Puregold Puhunan Plus. Puregold Puhunan Plus is a revolving credit line available to Puregold Tindahan ni Aling Puring members who run a business. The Puhunan Plus Card can be used to purchase products at any Puregold location for additional operating capital. It is approved within 2-6 hours
  • Power Payday Advance. Power Payday Advance is an employee benefits program for Powerpay+-accredited businesses. Employee advantages such as cash loans, education, health coverage, and lifestyle benefits packages are available to the candidate. The loan can take up to 24 hours to get approved
  • Fuse Business Loan. Fuse Business Loan is a cash loan designed for entrepreneurs that have been in business for at least one year and are looking to expand their business. The approval time for this product is 1-5 days.

Fuse Lending disburses the above loans using payment methods like GCash, Bank Deposit, or check.

FUSE

FAQ

What is Fuse Lending?

Fuse Lending is a lending company that offers residents of the Philippines quick, simple, and affordable loans. They provide loans for personal, business, employee benefits, and working capital requirements.

Who owns Fuse Lending?

Fuse Lending is a wholly-owned subsidiary of Globe Fintech Innovations, Inc.

How do you qualify for Fuse Lending?

Clients must be between the ages of 21 and 65, be Filipino citizens, have Globe or TM sim cards, have an active email account, and be employed. Apart from this, each loan product has its requirement that you must check before applying.

Is Fuse Lending a legitimate company?

Yes, this is a legitimate company. Fuse Lending is governed by the Philippines' Securities and Exchange Commission (SEC) and complies with all its laws and regulations.

What is the maximum personal loan amount?

The company offers a maximum loan of up to ₱30,000.

For what period can I take out an Instaloan?

Fuse lending offers short-term loans for 6 months.

What is the longest Instaloan term?

The company offers loans for the longest term of 6 months.

What is the duration of Instaloan processing?

The approval of the application is done within 24 hours.

What is more profitable - a long loan term or a short one?

The interest rate on Instaloan is 4-5% per month, which can cost you more in the long term. One can choose a long-term loan if the amount is low as it will carry a low-interest cost.

Fuse available areas

  • Ilocos Region
  • Cagayan Valley
  • Central Luzon
  • CALABARZON
  • MIMAROPA Region
  • Bicol Region
  • Western Visayas
  • Central Visayas
  • Eastern Visayas
  • Zamboanga Peninsula
  • Northern Mindanao
  • Davao Region
  • SOCCSKSARGEN
  • Caraga
  • National Capital Region
  • Cordillera Administrative Region
  • BARMM
Fuse available areas

Financial products

Fuse
Instant loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱15000
Rate
i

Effective interest rate on the product

6% per month
Term
i

Loan term for the financial product

up to 30 days

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Fuse loans calculator

Calculate loan payments in Fuse. Loans calculator will allow you to calculate an approximate payment schedule for the loan

Fuse calculator
Interest rates are given in accordance with the rates of the Fuse in Manila as of 04.12.2022
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What to pay attention to when applying for a loan at Fuse?

Recommendations

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