Yes. It is available as a dedicated deployment with PHP, InstaPay and the SEC or BSP rules that apply to you, built into the implementation and tested by your team before go-live.
Philippines · Lending software
Lending software for Philippine banks, lending and financing companies
One system for the whole loan, from application to the last payment, with an AI banking agent doing the groundwork and your credit officers approving.
In brief
What lending software does in Philippines
Lending software runs a bank's or finance company's lending operation: applications, the borrower record, documents, pricing, the agreement, disbursement, repayments, monitoring and collections.
Covenant Desk is the AI lending system for banks and for lending and financing companies with 50 or more staff, including group-owned units. Lending companies operate under the Lending Company Regulation Act of 2007 and are registered with the SEC; banks answer to the BSP. The platform carries the rules for your licence and product, with PHP and InstaPay, as part of the implementation.
Philippines
What Philippine lending software has to do
- 01
Know which rules apply to which loan
Amount, term, security and purpose decide which pricing rules apply, so each product records them.
- 02
Check pricing before the offer
Nominal and effective rate checked, with every fee included, before the borrower sees the offer.
- 03
Track total cost to the end
Interest, fees and penalties kept inside the applicable ceiling for the life of a covered loan.
- 04
One borrower record
One search by name, ID or loan number, with every loan, document and payment on one page.
- 05
Mask what staff do not need
Government ID and phone numbers masked, lookups recorded, access by role.
- 06
Collections you can review
Every contact logged on the loan.
Covenant Desk
How Covenant Desk covers it
All of this is available, built to your operation and delivered as part of the implementation.
- 01
AI banking agent
Reads and extracts documents, builds and edits client profiles, prepares credit memos and facility letters, summarises files, schedules meetings, drafts communications and answers staff questions in plain language. Every action is logged, permissioned and reviewable.
- 02
Core banking engine
Covenant Desk includes its own core banking engine for lending: loan accounts, ledger and postings, interest and fees, repayment and collections, and disbursement. It also integrates with the core banking systems you already run, through APIs or file exchange, so you can adopt it as the lending core or run it beside your existing core.
- 03
One borrower, one page
One search across every company you run finds the borrower, with current and past loans, documents, payments, notes and who did what.
- 04
SME lending workflow
Application, document collection, spreading, credit memo, approval matrix, facility letter, collateral and guarantees, covenants and monitoring, tailored to your operation.
- 05
Checks before booking
eKYC, AML screening and ongoing monitoring, the rules engine and the rate check run on the loan before it can be booked.
- 06
Decisions your officers approve
AI prepares the decision; your credit officers approve it, with four-eyes control, approval matrices and a full audit trail.
- 07
Philippines rules, currency and payments
Philippines's rate and fee rules, currency, payment rail and document templates are built into your deployment as part of the implementation, and your team tests them on your own cases before go-live.
Evaluation
Before you choose lending software
- 01
Run a real product
One of your loan types through the system in the demo, with your fees.
- 02
Test a rule
An offer above the effective-rate cap, and whether it is stopped.
- 03
Ask about reports
How the system produces what you file with the SEC, the BSP and the CIC.
- 04
Ask about migration
How existing loans and payment history move in, in phases.
- 05
Ask about scale
How many loans and borrowers the vendor runs today.
- 06
Ask how you leave
A full data export at the end of the contract.
FAQ
Questions banks and lenders ask
Yes. Borrowers see their balance, next due date and schedule, and pay to your own account. The Philippine payment channels are built into your deployment.
Yes. Agreements and disclosure statements are generated from your own templates.
AI prepares the decision and your credit officers approve it, with a full audit trail.
Sources
Official sources, checked 29 October 2026
- Republic Act No. 9474, the Lending Company Regulation Act of 2007
- Securities and Exchange Commission, Philippines
- BusinessWorld: SEC issues rules on interest rate cap for lending and financing companies (2 March 2022)
- National Privacy Commission, Philippines (Data Privacy Act of 2012)
Rules change; check the current text with the regulator and your adviser. This page is not legal advice. Covenant Desk is software: it does not provide loans or make lending decisions.
Related
More for banks and lenders in Philippines
See it on one of your own loans.
We set up a personalised demo around your own products and workflows, then your team tries it before you decide.
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