PESOQ Review Philippines loan app legit? Harassment complaints (2024)

Pesoq is one of the leading financial solution providers in the Philippines. If you are in need of raising capital quickly and urgently, this loan app is the option you can consider.

Retailasiaonline.com will help you learn about this increasingly popular loan app.

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Summary of Pesoq

✅ Pesoq Review	⭐ 3.8 star
✅ Guide to	⭐ Register to Pesoq loan app Philippines (PH)
✅ Loan amount	⭐ 100 – 50.000 Pesos
✅ Age	⭐ 17 – 60 years old
✅ Term	⭐ 3 – 6 months
✅ Interest rate	⭐ 0 % interest rate for first loan
✅ Pros	⭐ Online loan monthly payments in Philippines
✅ Cons	⭐ No Online loan guaranteed approval
✅ Evaluate the effectiveness	⭐ Good
✅ Bad credit	⭐ Allow
✅ Feedback	⭐ Read more in this article
✅ Pesoq loan App download APK:	⭐ Link Here

What is Pesoq?

Pesoq is an online financial platform, connecting lending partners with people who need loans. Today, although there are thousands of loan apps launched, this application still maintains a solid position in the hearts of customers. During 10 years of operation, it has helped many customers solve difficult financial problems.

Pros of Pesoq App

Pesoq review brings many outstanding benefits to customers. This is the secret that helps this loan app retain so many users:

• Simple procedures: Only need identification documents providing some basic personal information, no need to prepare complicated documents like at traditional banks.
• More loan approval time: The App has an automatic system to verify information within 10 – 25 minutes. After that, the consultant will contact you to verify and the disbursed money will be returned to your account immediately upon approval.
• Transparent terms: During the entire account registration process, all loan information will be communicated clearly and transparently. The staff will carefully explain the terms and information related to the loan amount, term, interest rate, and fees payable are clearly shown on the loan contract.
• Diverse loan products: Depending on each customer’s needs, the loan app proposes different credit products, prioritizing absolute customer satisfaction.

Cons of Pesoq loan App

Pesoq review still has some minor disadvantages as follows:

• The interest rate is higher than the unsecured interest rate of traditional banks.
• The maximum limit is only 50,000 PHP, which is only suitable for daily consumption needs, long-term business purposes will not be met.
• Overdue fines are quite high.
• Short term, causing pressure to repay debt.

Pesoq interest rate

Pesoq loan’s minimum lending interest rate ranges from 12% – 25%/year. In addition, service fees or additional insurance for the loan will be disclosed on the loan contract.

Customers with different credit scores will be offered different interest rates. If the borrower has a good credit history and low loan risk, the interest rate will be more favorable than a borrower with a low credit score because the risk is higher.

Example of Pesoq interest rate calculation

Example of Pesoq approval:

• Loan amount needed: 15,000 PHP.
• Term: 6 months.
• Interest rate: 2%/month.
• Service fee: 10%
• Interest payable: 15,000 x 10% = 150 PHP.
• Actual disbursement amount: 15,000 – 150 = 15,850 PHP.
• Interest rate payable: 15,000 x 2% x 6 = 1,800 PHP.
• Amount to pay: 15,000 + 1,800 = 16,800 PHP.

Pesoq loan requirements

Pesoq loan is similar to other organizations in that there are not too many strict conditions for loan registration:

• Philippine citizens, living and working in this country.
• Between the ages of 17 – 60 years old.
• Have valid identification documents provided by the Philippine government: ID card, driver’s license, passport…
• Have an active bank account.
• Have a stable job enough to meet debt repayment ability

Guide to register Pesoq loan Application Step-by-step

The loan registration process at Pesoq is made as simple as possible. You only need to spend 3 minutes to read the instructions and follow the instructions below:

Step #1: Install the application

Access the application, quickly install it on your mobile phone. Then, enter the name and phone number you are using.

Enter the amount and term you want to borrow, then the system will immediately display the amount you need to pay.

 

Step #2: Provide account information

Because this is a 100% online loan application, it does not support over-the-counter cash loans. Therefore, you need to provide account number information for the system to send money for disbursement.

 

Step #3: Upload documents

You need to provide clear images of identification documents, portraits, etc. to the system.

Step #4: Submit loan application

After completing the above steps, press submit for loan application and wait for an appraisal call from the processing staff. The appraisal department will once again confirm the accuracy of the information you provide. If the information is incorrect, you can edit and add it immediately.

Step #5: Disbursement

If the loan is approved, within 1 hour, the disbursed money will be in your account.

Reviews Pesoq online Loan App Feedback

Pesoq review is rated 3.8 stars from customers in Philippines, no harassment complaints. It is legit and safe, high support limit and absolute information.

Pesoq loan brings great experiences to users. Therefore, there are many good feedback reviews about this application.

Pesoq loan repayment

Pesoq loan payment has many flexible payment channels:

• Payment at M.Lhuillier stores, RD Pawnshop, 7.11
• Pay via e-wallets such as GCash, RD Pawnshop, 7-11, Paymaya, M Lhuillier,…
• Pay cash at locations linked to the app.
• Transfer money via the app’s bank account, be sure to clearly state your ID card number and contract number to avoid errors.

Compare Pesoq loan App Philippines with other loan apps

Comparison criteria	Pesoq	Cashwill	Kuya loan
Limits	100 – 50,000 pesos	2,500 – 50,000 pesos	3,000 – 80,000 pesos
Tenor	3 – 6 months	91 – 365 days	180 – 365 days
interest	12% – 25%/year	24%/year	20%/year
Age	17 – 60 years old	over 21 years old	over 18 years old
Review rate	92%	83%	90%

Sources: Refer to Sate Bank reporting and research.

Pesoq loan customer service

Pesoq complaints will be resolved via contact information:

• Email: cs@pesoq.com or contact@pesoq.site
• Address: 2Nd Floor, Aseana Power Station, Macapagal Ave., Cor Bradco Ave, Tambo, City Of Paranaque, Ncr, Fourth District, Philippines.

FAQs – Pesoq loan Philippines

Here are some questions to answer about Pesoq:

Is Pesoq sec registered?

Pesoq loan operates under the management of U-Peso Lending Investors Corp with SEC Registration No. CS201816691 and certificate of authority no. 2739. This is a financial institution that has had a long-standing position in the peer-to-peer lending market, cooperating with many reputable units. Therefore, you can completely feel secure when applying for a loan here.

Where do I report online Pesoq harassment in the Philippines?

Firstly, Pesoq loan is a reputable loan app that will not cause inconvenience to its customers. Second, if you really have trouble with your loan, contact customer service for advice and answers. Surely, they will give you a satisfactory answer.

How to respond to Pesoq complaints?

You can express your concerns to the email address cs@pesoq.com or contact@pesoq.site. The 24/7 customer care department will answer all questions as soon as possible.

In conclusion – Should you Apply to Pesoq loan App?

Pesoq loans are supported by many people because:

• Operation period lasts 10 years, reputation has been confirmed.
• Staff attitude is enthusiastic and thoughtful.
• Simple process.
• Quick disbursement.

Hopefully the above article has given an overview of Pesoq loan. You will no longer have to hesitate or consider every time you choose to borrow money here.

Wishing you good financial health.

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