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VPlus Interest Rate: What You Actually Pay

Contents

VPlus's interest rate carries the lowest stated cap in our tables: a maximum annual rate of 18%, printed in its app listing. The listing even ships a worked example, ₱12,000 for 120 days at 0.05% daily, and recomputing it produces the one blemish on the story: about 18.25% a year, a hair above the cap the same listing declares. This page runs the full math, prices the benchmark, and lists what the app keeps quiet. Checked September 16, 2026.

The listing's example, recomputed

Figure Value (listing example)
Principal ₱12,000
Term 120 days
Daily rate 0.05%
Interest ₱720
Total repayment ₱12,720, four payments of ₱3,180

The arithmetic is transparent: 12,000 × 0.0005 × 120 = 720. Annualized on simple math, the same deal runs about 18.25% a year (our estimate). Tiny gap, but real: the example sits just above the "Maximum Annual Interest Rate: 18%" printed beside it. We flag it as arithmetic, not accusation; your disclosure states the exact rate that applies.

The benchmark and the context

Our standard test, ₱5,000 for 30 days, costs about ₱22.50 of interest at 0.05% daily (our estimate), roughly 18.25% annualized like the example. Context makes that number remarkable. Registered peers publish ceilings of 20% (Moca Moca interest, plus a fee), 30% (Happy Cash's store version), 36% (Finbro), and up to 144% (HoneyLoan's website). An 18% cap with a disclosed, checkable example is the friendliest headline in our tables.

Two honest caveats. The example is interest-only; late-payment terms are not published anywhere, so the cost of a missed date is unknown. And the rate you are offered may sit below the cap, since 0.05% daily is the example's figure rather than a published minimum. The registry side, including the Play developer-name mismatch, is in the VPlus review.

What is not published

Four blanks. Late-payment penalties: absent. Payout channels: the listing says "100% digital" without naming banks or wallets. Your personal rate: the example's 0.05% is illustrative, and no minimum is stated. Fee schedule: the listing claims "no hidden fees" with all terms "clearly displayed before confirmation", which defers everything to the disclosure screen.

How to read your offer

Three checks. Convert your offered rate to a yearly figure and hold it against the 18% cap; anything above the cap contradicts the listing's own promise. Read the four-installment structure in your offer against the example's ₱3,180 rhythm, so the term you select is the term you get. Then screenshot the disclosure; a young app with thin history deserves a paper trail. The loan calculator and methodology page do the conversions.

Frequently asked questions

What is VPlus's interest rate per month?

The listing states a maximum of 18% a year, with its example running at 0.05% per day, about 1.5% a month on simple math (our estimate). The exact rate appears in your disclosure before you confirm.

Why does this page say 18.25%?

Because the listing's own example computes there: ₱720 on ₱12,000 over 120 days annualizes slightly above the stated 18% cap. It is an arithmetic observation, our estimate, not an accusation.

How much does a ₱12,000 VPlus loan cost?

The listing's example: ₱12,720 over 120 days, four payments of ₱3,180. Your offer may differ, since no minimum rate is published.

What is VPlus's maximum APR?

18% a year, stated in the listing. Late fees are not published, so the true worst case beyond interest is unknowable from official sources.

The bottom line for borrowers

VPlus states the lowest cap in our tables, 18% a year, and publishes an example honest enough to compute 18.25% against it. Rate transparency this good is rare; the unknowns are late fees and payout routes. The registry status, verified down to the platform's 2020 record date, is in our VPlus review, with the license check at is VPlus SEC registered.

Sources used for this review