PESO CASH Loan App Reviews Legit? Sec Registered? Complaints

Peso cash Loan App review legit or not? interest? harassment? requirements? How to pay using gcash?

In this article at retailasiaonline.com, we will argue that credit scores are no longer necessary for obtaining a loan, given the convenience that this online platform provides for 2024.

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1. Summary of Peso cash loan app

✅ Review	⭐ Peso cash Loan App
✅ Guide to	⭐ Apply a loan to Peso cash Loan App Philippines
✅ Maximum Loan	⭐ 1000 – 15.000 PHP
✅ Age	⭐ 20 – 65 years old
✅ Term	⭐ 1 – 12 months
✅ Interest rate	⭐ 18.25 %/year
✅ Requirements	⭐ National ID
✅ Pros	⭐ Easy login, no complaints victim
✅ Cons	⭐ Not suppore ofw loan Philippines
✅ Evaluate the effectiveness	⭐ Good
✅ Bad dept	⭐ Allow
✅ Harassment	⭐ By phone, email
✅ Legit	⭐ Yes
✅ Payment	⭐ GCash, Maya, M Lhuillier, RD Pawnshop, and 7-11
✅ Contact number	⭐ +639 270317725
✅ Dowload App APK	⭐ Link here
✅ Registration number	⭐ CS201900197

2. What is Peso cash?

Peso cash is a Philippines-based financial technology company. It gives digital short-term loans to people who might not be able to use standard banking services. This mobile app lets people apply for loans, and if they are accepted, the money goes straight to their bank accounts or mobile wallets.

3. Pros of Peso cash loan

Some possible benefits of getting a loan in the Philippines through Peso cash loan review are:

Convenience: The process of applying is usually quick, and it can all be done through a mobile app, which is helpful for users.
Accessibility: People who don’t have easy access to standard banking services may be able to get loans from Peso cash, which would help them meet their financial needs.
Speed: Loans are often handled quickly, so people can get the money they need in a short amount of time.
Flexibility: The money can be used for different things, like accidents, bills, or other financial needs.
Digital Tracking: The app might have tools that let users check on the progress of their loan and payments.
Building credit: If a user pays back a Peso cash loan on time, it could help their credit over time.

4. Cons of Peso cash App

Here are some possible problems with getting online loan in the Philippines through the Peso cash app:

High interest rates: Most fintech loans, like the ones offered by Peso cash, have higher interest rates than standard bank loans, which makes them more expensive in the long run.
Short Terms: Most Peso cash loans have short terms for paying them back, which can put pressure on the borrower to pay back the loan quickly.
Risk of Debt circle: Easy access to money can lead to a circle of borrowing, especially if people can’t pay back their loans on time, which could trap them in a debt cycle.
Late fees and penalties: If you don’t make a payment on time, you may have to pay late fees and penalties, which will make the total cost of the loan go up.
Privacy and Data Security: When users apply for a loan, they have to give personal and financial details. This raises questions about the privacy and security of their data.
Lack of Face-to-Face Interaction: Some users may prefer traditional banks over fintech apps like Peso cash because they can talk to bank employees in person.

5. Peso cash interest rate

Peso cash loan app is an online app for giving pesos that claims to be an easy way for people to get loans. The application for a loan gives a time range of 120 to 210 days, with a highest APR of 18.25% per year and a daily interest rate of 0.05%. The site also says that its service fees are 0%.

The loaning site also means that the borrower’s credit score affects how much they can borrow and how long they can borrow it for. The borrower’s credit score went up the more information they gave.

6. Example of Peso cash interest rate calculation

Let’s assume the following details for this example:

Loan Amount: ₱10,000
Loan Term: 30 days
Interest Rate: 5% per month (60% APR)

To calculate the interest on this loan, follow these steps:

Calculate the monthly interest rate:
Monthly Interest Rate = Annual Interest Rate / 12
Monthly Interest Rate = 60% / 12 = 5%

Calculate the interest for one month:

Interest for One Month = Loan Amount x Monthly Interest Rate
Interest for One Month = ₱10,000 x 0.05 = ₱500

Since the loan term is 30 days, multiply the monthly interest by 30 to find the total interest for the entire loan term:

Total Interest = Interest for One Month x Loan Term in Months
Total Interest = ₱500 x 1 = ₱500

So, for this example loan from Peso cash lending, the interest would be ₱500. This is in addition to the principal amount of ₱10,000 that you borrowed. Therefore, you would need to repay a total of ₱10,500 at the end of the 30-day loan term.

7. Peso cash loan requirements

Here are some of the most common needs for the Peso cash company:

Age: To get a loan from Peso cash, you usually have to be at least 18 years old.
Resident of the Philippines: If you want a Peso cash loan, you usually have to live in the Philippines.
Legal ID: You will probably need a legal ID from the government, like a driver’s license, passport, or government ID.
Mobile Phone: Since Peso cash mostly works through a mobile app, you usually need a mobile phone with an internet connection.
Bank Account or Mobile Wallet: You may need a legal bank account or a mobile wallet account where the loan money can be sent.
Stable Income: Some lenders may want proof that you have a steady job or source of income. This can come in the form of pay stubs, certificates of work, or other papers.
Credit Check: Some online lenders, like Peso cash, may offer loans without doing a traditional credit check.
Valid Email Address: A valid email address is often needed for contact and verification.

8. Guide to Peso cash Loan Application Step-by-step

Here are the steps you need to remember if you want to know how to apply loan in Peso cash loan:

Step #1: Download the Peso cash Loan App

Search for “Peso cash Loan App” and then download this app.
Install the app, then start it up.

Step #2: Create an Account

Launch Peso cash and create a user profile.
You’ll typically have to provide your phone number and select a password.
A verification code sent to your phone from Peso cash Loan could be used as identification.

Step #3: Complete Your Profile

Create your profile and then your biography. Your whole identity, including date of birth and place of residence, may be revealed.
It may inquire as to your income and spending habits in order to establish your creditworthiness.

Step #4: Apply for a Loan

You can use the Peso cash app to apply for a loan after completing your profile.
Choose the loan term length and the amount you wish to borrow.

For more details about application using Peso cash loan app, you can watch these videos:

9. Peso cash Loan reviews and Feedback

In my experience, submitting an application for a loan through the Peso cash lending App is a fast, secure and reliable online personal loan application.

Applicants can also find out immediately if they are qualified for the requested loan amount by using the app, and they can get accepted in minutes after filling out all of the appropriate documentation. Applicants can also find out immediately if they are qualified for the requested loan amount.

I believe that applying for a Peso cash complaints could be a suitable choice for you if you have a reliable source of income and are in need of a significant amount of money in a short amount of time. However, you should be prepared for both problems with the technology and poor service in order to avoid either of them.

Here’s an example of a Peso cash loan app review from a customer:

10. Peso cash payment method

Here are some common payment methods that fintech platforms like Peso cash loan app offer:

Bank Transfer: You can make loan repayments via bank transfer. Peso cash will provide you with the necessary bank account details for the transfer. It’s crucial to include your loan reference number when making the transfer for proper identification.
Mobile Wallet: Some fintech lenders allow loan repayments through popular mobile wallets like GCash or PayMaya.
Over-the-Counter Payment: In some cases, you might be able to make repayments at a physical location, such as a convenience store or payment center.
Auto-Debit Arrangement: Some lenders offer auto-debit arrangements where the loan repayment is automatically deducted from your linked bank account or mobile wallet on the due date.
Online Payment within the App: Many fintech loan apps offer an in-app payment feature, allowing you to make repayments directly from the app.
Credit Card: While less common for loan repayments, some fintech lenders may accept credit card payments.

11. Compare Peso cash loan to other App

Loan App	Peso cash	Mr Cash loan	Kviku
Interest Rate	18.25% per year	3.315% – 4.563% per month	4,8%/month
Loan Amount	Up to PHP 50,000	Up to PHP 500,000	Up to PHP 25,000
Loan Term	20 to 210 days	Up to 6 months	2 – 6 months

Sources: Refer to Sate Bank reporting and research.

Read more:

12. Peso cash contact number

Here are the contact for Peso cash app:

Hotline: +639 612783945
Contact Number: +639 270317725
Email: cs@Peso cash.ph

13. FAQs – Peso cash App

For more information about Peso cash Loan App, follow the frequently asked questions below:

Is Peso cash legit or not?

Yes, Peso Cash says it is a legal and safe place to get online loans with pesos that don’t need to be paid back right away. Following Securities and Exchange Commission (SEC) MC 19, the service has its own privacy policies, terms and conditions, a registered number, and a proof of authority.

How to delete Peso cash account?

First, you go to the Peso cash site login hit the “Account” tab, and then click “Delete Account.” Follow the steps on the screen to confirm the deletion. Keep in mind that closing your account is final and can’t be undone, so be sure you want to before you start.

Is Peso cash sec registered?

Peso Cash is a legitimate method of payment. Under the name MyLoan Lending Investors Inc. and with the company registration number CS201900197, it is listed with the Securities and Exchange Commission (SEC). It is authorized to conduct business as a lending company and possesses a certificate with the number 2866.

14. Conclusion

In the Philippines and elsewhere, the Peso cash loan App provides access to mobile loans for low-income borrowers. Borrowers with no credit history can use the Peso cash to apply for mobile loans.

Due to the program’s emphasis on the borrower’s cell phone usage and spending habits, even those with poor credit can gain speedy access to small loans. Loan amounts, due dates, and interest rates are all negotiable.

This loan has the advantage of being simpler to obtain than a loan from a traditional financial institution. A quick loan can usually be obtained without the need for a credit check.

5/5 - (3 votes)