PERAMOO Loan App Review Online Legit? Harassment? Complaints?

Peramoo Loan App review legit? sec registered? complaints harassment?

In the Philippines, this loan is a well-known mobile bank that can also help people get loans.

In this article at retailasiaonline.com, We’ll also tell you what’s positive and negative about this loan app so you can decide if it’s right for you 2024.

Keeping this article to get more knowledge!

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Peramoo Loan information overview

What is Peramoo?

Peramoo is a type of loan that is available on the Peramoo platform. It lets people borrow money from a pool of funds that other users have put together. The amount of the loan is based on the borrower’s credit score and past of making payments, and the interest rates are usually lower.

Peramoo app benefits

Here are some benefits of Peramoo loan app review:

• With the Peramoo app, it’s a lot faster to apply for a loan than with the old ways. The whole thing is done by computer, so you can find out right away if your loan request was accepted or not.
• You can see where your loan application is in the process, so you’ll know exactly when you’ll get the money. You can also keep track of when your payment is due so you don’t miss one.
• Filipinos who don’t have a credit past or have bad credit can use the lending app to get small loans that can help them get out of tough financial situations.
• Peramoo doesn’t need security or a co-signer, so if you can’t pay back the loan, you won’t lose your property.

Cons of Peramoo loan app

Beside some benefits, Peramoo loan has some drawbacks:

• High interest rates: Many loan apps, especially ones for people with bad credit, may have high interest rates, which can make loans more expensive.
• Hidden Fees: Some loan apps may have fees or terms and conditions that aren’t clear, so it’s important to read the fine print carefully.
• Privacy issues: If a loan app doesn’t have strong data protection measures, sharing personal and financial information with it can raise privacy and safety issues.
• Debt Trap: Because loan apps make it easy to borrow money, some people can get stuck in a loop of debt if they aren’t careful about how they borrow.
• Loan Amount Limits: Some loan apps have limits on how much you can borrow, which might not meet the needs of some users.

Interest rate of Peramoo loan

The interest rate on Peramoo loan app Philippines is 3% per month, which is comparable to other online banking apps.

But in addition to the interest rate, there are other fees that will be taken out of the capital about Peramoo review.

• Cost of managing an account
• Fee for using a platform
• Fee for risk management
• Cost of getting credit

These fees change based on how much you borrow and how long you borrow it for. So, even if the interest rate is low, you won’t get back as much as you borrowed because of the other fees.

Example of Peramoo loan app calculator

Let’s assume you’re considering a personal loan from Peramoo:

• Loan Amount: $5,000
• Annual Interest Rate: 10%
• Loan Term: 2 years (24 months)

Here’s how you can calculate the monthly payment and total repayment amount:

Monthly Payment (EMI):

You can use the formula for calculating monthly payments on a fixed-rate loan:

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]

Where:

P = Loan Amount ($5,000)

r = Monthly Interest Rate (Annual Rate ÷ 12 months, in this case, 10% ÷ 12 = 0.00833)

n = Total Number of Payments (Loan Term, in this case, 24 months)

EMI = [$5,000 × 0.00833 × (1 + 0.00833)^24] / [(1 + 0.00833)^24 – 1]

EMI ≈ $230.56 (rounded to the nearest cent)

Total Repayment Amount:

• Total Repayment Amount = EMI × Total Number of Payments
• Total Repayment Amount = $230.56 × 24 = $5,533.44

So, in this hypothetical example, if you were to borrow $5,000 from Peramoo complaints at an annual interest rate of 10% for a 2-year term, your monthly payment (EMI) would be approximately $230.56, and the total amount you would repay over the course of the loan would be approximately $5,533.44.

Peramoo loan requirements

Here are some requirements for Peramoo loan:

• Has to be a Filipino person
• You must be 18 years old
• Must have a steady job or regular source of income
• You must have a valid ID:
• Get a passport
• A driver’s license
• UMID
• SSS

How to apply Peramoo loan

Here are Step-by-step to apply for Peramoo loan:

Step #1.  Download the App

Start by visiting the official website of Peramoo or downloading their mobile app from a trusted app store.

Step #2. Create an Account

• You’ll likely need to create a user account with Peramoo.
• This may involve providing your email address, creating a password, and verifying your identity.

Step #3. Complete the Loan Application

• Once you have an account, you can start the loan application process.
• Be prepared to provide personal information, including your name, address, date of birth, and contact details.

Step #4. Submit Required Documentation

• Depending on the loan type and Peramoo’s specific requirements, you may need to submit supporting documentation.
• This can include proof of income, a valid ID, bank statements, and other relevant documents.

Please note that the specific steps and requirements may vary depending on the lender and the type of loan you are applying for. It’s crucial to carefully read and follow Peramoo’s instructions on their website or app to ensure a smooth application process.

Home credit cash loan disbursement

If you’re accepted for a Home Credit cash loan, the following steps may be part of the process:

• Approval: First, you have to fill out an application for the cash loan with Home Credit. A background check and a look at your financial records may be part of the approval process.
• Loan Agreement: Once your loan application is accepted, you will have to sign a loan agreement that spells out the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, and any fees that come with the loan.
• Home Credit: can give you the loan money in a number of ways, such as a direct deposit to your bank account, a check, or cash at a Home Credit branch or partner site. The way you get your loan money can depend on where you live and what kind of loan you’ve asked for.
• Repaying the loan: Once you get the money, you have to pay it back according to the rules of the loan agreement. Home Credit usually offers different ways to pay, like bank transfers, online payments, and payments at their actual locations.
• Customer Service: Home Credit generally has customer service to help borrowers with any questions or problems they might have during the loan term.

Peramoo online review and feedbacks

Peramoo has a positive rating of 4.5 stars on the Google Play Store, which suggests that the app is useful, easy and quick for people to get financial help when they need it to avoid harassment.

It can be helpful for people looking for short-term financial solutions because it is easy to use and loans can be approved quickly.

If you have a steady income and need a lot of money quickly, I think Peramoo loan is a good option. But you can expect problems with technology and bad service.

Here’s an example of a buyer review of a Peramoo loan app:

Peramoo harassment

There have been reports from borrowers who had bad experiences with the app and with the people who collect the debt. Borrowers have said that they were called more than once a day, and that the collection agents were often rude and used aggressive tactics.

Peramoo harassment have been more than one report. In some cases, debt collectors even said they would use social media to tell the borrower’s friends and family about them.

Peramoo review hasn’t answered all of the issues yet.

Peramoo vs Wowpera Comparision

Loan App	Peramoo	Wowpera Loan	Valley loan
Interest Rate	3% per month	12% and 20% per year	121.9% per annum
Loan Amount	Up to PHP 10,000	Up to PHP 20,000	Up to PHP 20,000
Loan Term	Up to 12 months	Up to 12 months	Up to 12 months

Sources: Refer to Sate Bank reporting and research

Peramoo customer service

Here are the contact for Easypeso loan app:

• Phone number: 09656427875
• Email: permoo.cs@gmail.com

Frequently asked questions

For more information about Peramoo loan, follow the frequently asked questions below:

Is Peramoo legit or not?

Yes, Peramoo is a real online platform that offers a variety of services, such as web design, development, and digital marketing. Even though there may be some doubts about whether or not the company is real, there is no solid proof that it is not.

Is Peramoo sec registered?

Yes. The app goes by the brand name Peramoo, and Magician of Money Lending Corp. is the company that is responsible for its development and operation. Since the 7th of November of this year, the firm has been registered with the Philippine Securities Exchange Commission under the number CS201918391 for the SEC firm Registration.

How to delete Peramoo account?

Please get in touch with us at permoo.cs@gmail.com if you would for your personal information that has been saved on our system database to be deleted. Some information, such as how frequently you use our services, will remain in our database even after you have requested the deletion of your account.

In short

In conclusion, the Peramoo loan makes it easy and quick for users to get financial help. It can be helpful for people looking for short-term financial solutions because it is easy to use and loans can be approved quickly.

But it’s important to be careful and carefully look over the app’s terms, interest rates, and fees before taking out a loan.

Always borrow money based on what you know, and make sure the app fits your financial needs and goals.