Meatang Lending App Denies Illegal Lending Allegations
P.F.K. Co., Ltd., operator of the "Meatang" lending app, has denied allegations by an influencer that it charges excessive interest and uses illegal collection tactics. The company states it holds a valid Ministry of Finance license, caps interest at 36% annually, disburses 100% of approved loans without upfront deductions, and only accepts repayments through licensed payment gateways.
The owner of the "Meatang" app has clarified allegations made by an influencer, confirming that loans carry interest rates not exceeding 36% per year and that it is not an illegal lending app. The company holds a license from the Ministry of Finance, does not deduct money upfront, and does not use threatening debt collection practices.
On November 14, 2026, P.F.K. Co., Ltd., the developer and provider of the "Meatang" lending application, issued a statement clarifying facts regarding complaints about lending services through the application. The statement, dated November 13, 2026, was signed by Mr. Wannop Marattanarak, a director of P.F.K. Co., Ltd.
The statement explained that recent news and information circulated on social media involved a well-known influencer who claimed to have borrowed from more than four applications. The influencer generally alleged that these apps charged interest rates exceeding legal limits, deducted principal upfront, forced short-term repayment, used threatening debt collection tactics, and required transfers to personal bank accounts. The "Meatang" app name and image were included in that post.
P.F.K. Co., Ltd., as the developer and provider of the "Meatang" application, confirms that its business operations comply with legal requirements. The company holds a license to operate a Pico Finance lending business from the Ministry of Finance and is registered as an electronic commerce operator with the Department of Business Development.
Regarding the misleading information presented, the company clarifies the facts as follows:
1. Interest rates: The company sets a maximum interest rate not exceeding 36% per year, in compliance with Ministry of Finance regulations. Borrowers receive the full approved loan amount — 100% transferred to their accounts — with no deductions whatsoever.
2. Loan repayment terms: The company considers loan limits and sets repayment periods based on each borrower's information. The application screen clearly displays loan details, interest rates, and repayment schedules before the borrower confirms the loan application.
3. Loan repayment: Repayment must be made via QR Code Payment within the application through legally licensed payment gateway providers only. The company has no policy requiring customers to transfer repayments to "personal bank accounts" under any circumstances.
The company confirms that its business operations comply with regulatory requirements and that complete, transparent information is disclosed during the application process so borrowers can make informed decisions. The company does not charge any fees before lending and issues this clarification for public awareness.
