If you’re seeking financial assistance in the Philippines, then this Pesoloan review might be the solution you’ve been looking for.
In this general review at retailasiaonline.com, we’ll dig into the key aspects of this lending app, including its loan calculator, requirements, and application status in order to hand you the crucial information needed to make an informed financial decision.
- Summary of Pesoloan
- What is Pesoloan?
- Pros of Pesoloan App
- Cons of Pesoloan App
- Pesoloan app interest rate
- Example of Pesoloan calculator
- Pesoloan App Requirements
- How to loan in Pesoloan App
- Pesoloan App Reviews and Feedback
- Pesoloan penalty
- Pesoloan harassment
- Compare Pesoloan App to other App
- Pesoloan office
- FAQs – Pesoloan App
Summary of Pesoloan
|✅ Review||⭐ Pesoloan|
|✅ Loan amount||⭐ Max ₱50,000|
|✅ Age||⭐ 18 – 60 years old|
|✅ Term||⭐ 91 – 120 days|
|✅ Interest rate||⭐ from 1,5% per month|
|✅ Requirements||⭐ native Phillipina|
|✅ Pros||⭐ Quick loan approval|
|✅ Cons||⭐ Risk of overborrowing|
|✅ Evaluate the effectiveness||⭐ Good|
|✅ Harassment||⭐ Pop-up notifications|
|✅ Complaints||⭐ No|
|✅ Legit||⭐ Yes|
|✅ Phone number||⭐ 0917 626 0130|
|✅ Registration number||⭐ CS201824008|
|✅ Pesoloan app download apk||⭐ Link here|
What is Pesoloan?
Pesoloan is a financial service application designed to cater to the urgent financial needs of individuals in the Philippines. This mobile app provides a platform where users can conveniently apply for personal loans, enabling them to bridge financial gaps during unexpected situations or fund various expenses.
Pros of Pesoloan App
There are a few advantages in using this app, especially for Pesoloan id requirements:
- Competitive Interest Rates: The app offers competitive interest rates, potentially making it a cost-effective choice.
- Swift Processing: The loan approval process is known for its speed, often taking just minutes to complete.
- Minimal Documentation: Compared to traditional banks and lending institutions, Peso Loan App typically requires minimal documentation, reducing the hassle for borrowers.
Cons of Pesoloan App
Along with those benefits, there still remains some specific disadvantages for Pesoloan:
- Strict Eligibility Criteria: Some individuals may not meet the stringent income or identification requirements for this app.
- No Guaranteed Approval: Approval is subject to evaluation, and there is no guarantee that every application will be approved.
- Potentially High-Interest Rates: While Peso Loan App provides quick access to funds, it may come with higher interest rates compared to traditional loans, potentially increasing the overall cost of borrowing.
Pesoloan app interest rate
Pesoloan app is an online lending application designed to provide a user-friendly and accessible platform for borrowers.
This lending app offers loan terms ranging from 91 days to 120 days, with a maximum Annual Percentage Rate (APR) of 18.25% per year and a daily interest rate of 0.05%.
Example of Pesoloan calculator
To help you understand your Pesoloan fast cash better, here’s an example of a loan calculation:
- Loan Amount: ₱10,000
- Loan Tenure: 120 days
- Daily Interest Rate: 0,05%
- Total Interest = Loan amount x Loan tenure x Daily interest rate
- Total interest = ₱10,000 x 120 x 0,05% = ₱600
Pesoloan App Requirements
To qualify for Pesoloan loans, applicants must meet specific eligibility criteria, including:
- Identification Proof: Valid government-issued ID for identity verification.
- Active Bank Account: An operational bank account for funds disbursement and repayments.
- Age Verification: Meeting the minimum age requirement set by Pesoloan which is from 18 – 60 years old.
- Contact Information: Providing accurate contact details for communication.
How to loan in Pesoloan App
Applying for Pesoloan is a straightforward process. Here are the steps to follow:
Step 1: Download the App
- Visit your app store and search for “Pesoloan App.”
- Click on the app and select “Download” to install it on your device.
Step 2: Create an Account
- Open the Pesoloan App.
- Click on “Register” or “Sign Up” to create your account.
- Provide your personal details, such as name, phone number, and email.
Step 3: Loan Application
- Proceed to the loan application section.
- Select the loan amount you need and the desired repayment term.
- Upload clear photos of your identification and income verification documents.
- Review the loan details and confirm your application.
Step 4: Pesoloan Disbursement
- Wait for your loan application to be reviewed.
- Once approved, the funds will be disbursed directly to your registered bank account.
Step 5: Repayment
- Set up automatic repayment from your bank account.
- Ensure sufficient funds are available on the due dates.
Pesoloan App Reviews and Feedback
People have brought some positive feedback regarding Pesoloan review’s fast and convenience experience.
For more review, check this video below:
According to the rule, Pesoloan penalty may occur in such circumstances like the first loan with a 7-day term, if the repayment is overdue, a one-off penalty of 5% will be applied, along with a daily overdue penalty of 4%.
In the case of a reloan with a 14-day term, overdue payments will incur a one-off penalty of 3%, in addition to a daily overdue penalty of 2%.
Pesoloan harassment was reported by customers for some instances of troubles related to their Pesoloan, which may involve aggressive collection practices.
It’s essential for borrowers to be aware of their rights and seek legal assistance if they experience any harassment.
Compare Pesoloan App to other App
|Criteria||Pesoloan app||Wowpera Loan||Gcash loan|
|Loan amount||Max ₱50,000||Max ₱20,000||Max ₱150,000|
|Age||18 – 60 years old||21 – 65 years old||21 – 65 years old|
|Loan term||91 – 120 days||up to 12 months||from 5 – 24 months|
|Interest rate||0,05% daily||12% – 20% yearly||from 1,12% monthly|
Sources: Refer to Safe Bank reporting and research.
For any inquiries or assistance regarding Pesoloan office, you can reach out through the following channels:
- Phone: 0917 626 0130
- Email: email@example.com
- Address: 8F High Street South Corporate Plaza, BGC, Taguig City, Philippines
FAQs – Pesoloan App
Here are some of the most popular questions asked by users via Pesoloan:
Is Pesoloan App SEC registered?
Yes, Pesoloan App is registered with the Securities and Exchange Commission (SEC) in the Philippines. This SEC number as CS201824008 ensures that the app complies with the legal and regulatory requirements set by the government, bringing you a better trustworthiness and intimacy to your experience.
Is Pesoloan App legit?
Yes, Pesoloan App is a legitimate financial service provider in the Philippines, it offers loans to individuals based on their eligibility and follows industry-standard practices for loan disbursement and repayment. However, it’s essential to use any financial app responsibly and be aware of the terms and conditions associated with borrowing to avoid any potential issues.
In conclusion, Pesoloan is a reliable financial option in the Philippines, offering competitive interest rates and a straightforward application process.
Whether you have urgent financial needs or are planning for the future, this lending app can empower your financial journey, providing access to the funds you require with ease and transparency.