PESOREDEE Loan Review App Legit? Repayment? Amount (2024)

What is Pesoredee? What are the pros and cons of applying for a loan? How to apply for the most prestigious and approvable?

Retailasiaonline.com has compiled information about Pesoredee loans in the article below.

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Summary of Pesoredee

✅ Review	⭐ Pesoredee loan
✅ Guide to	⭐ Apply online loan to Pesoredee Philippines
✅ Loan amount	⭐ 1000 – 20.000 Pesos
✅ Age	⭐ 22 – 70 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 dept	⭐ Allow
✅ Feedback	⭐ Read more in this post
✅ Pesoredee App APK download:	⭐ Link Here

What is Pesoredee?

Pesoredee provides financial services based on the Fintech technology platform developed by Peso Redee Financing Inc. They support super speed loans, meeting the needs of Filipinos, just register online, do not meet face-to-face nor do field appraisals. Loan limit from 1000 to 30000 pesos with a payment period lasting from 3 to 6 months. First-time loan customers are approved for a maximum of 7000 pesos.

Pros of Pesoredee Philippines

Pesoredee loan has the advantages:

• No proof of income, no collateral, no guarantor required.
• Register online loan in Philippines anytime, anywhere, support 24/7, including weekends and holidays.
• The loan procedure simply requires 1 valid ID.
• The system approves applications automatically within 5 minutes.
• Costs and interest are both public before the borrower agrees to borrow money.
• If payment is due and there are not enough funds, customers can extend the payment period by 14 days.
• Absolute confidentiality of personal information.

Cons of Pesoredee Loan App

In addition to the above advantages, Pesoredee has a number of disadvantages such as:

• There is an additional service fee when applying for online loan websites Philippines.
• The limit is not too high, unable to meet the demand for large amounts of loans.
• High interest rates, short-term installment periods.

Pesoredee interest rate

Pesoredee online loan interest rates average about 11.9% per month (maximum annual APR is 143%). Particularly for first-time registered loans, they will enjoy interest-free offers if customers pay the full loan amount on the first payment day.

Example of Pesoredee interest rate calculation

For example, if a customer applies for a Pesoredee app loan with a limit of 10000 pesos for 3 months, the APR is 143%.

• The total amount payable in 3 months is 13570 pesos.
• The amount payable per month is 4,523 pesos

Pesoredee loan requirements

Those who can apply for Pesoredee loans are Filipino citizens between the ages of 22 and 70 years old, with stable jobs. An e-wallet or bank account is required to receive disbursements.

Pesoredee first loan

The procedure for registering the Pesoredee online lending app for the first time is very simple. Borrowers only need to provide personal information and a photo of the ID to verify the information. First-time loans have a maximum limit of only 7000 pesos.

Pesoredee 2nd Loan

Pesoredee reloan only needs to log back into the account registered for the first time. Then submit loan approval information and wait for disbursement. Second loan maximum amount up to 30000 pesos.

Guide to Pesoredee Loan Application Step-by-step

The steps to apply for a loan in Pesoredee are as follows:

Step #1: Access Pesoredee’s home screen

If you register on a computer, visit the Pesoredee website. If you register on Pesoredee loan app just download Pesoredee app. Select the loan limit according to your needs and click Apply.

Pesoredee download via the following link:

Pesoredee Website

Step #2: Confirm your phone number

Enter your personal phone number. The system will send OTP via SMS. Then, read Pesoredee’s terms and conditions and click Accept if you agree to begin the loan application process.

Step #3: Fill in personal information

Fill in the information about full name, gender, email, date of birth, address.

Step #4: Take a photo of your personal ID

Please take a photo of 1 of the valid IDs below to verify personal information.

Some valid IDs such as driver’s license, PhilHealth ID, PRC ID, UMID card, GSIS ID, PhilSys ID, SSS ID, Voter’s ID, Passport, Postal ID, TIN ID.

Step #5: Enter your account number or e-wallet

Borrowers enter their personal bank account numbers or e-wallets to receive disbursements if approved.

Step #6: Wait for approval and disbursement

The system will approve automatically in 5 minutes and disburse funds on the same day. The money will be transferred to the bank account number or e-wallet of the borrower just entered.

Refer to the steps to apply for a loan via video:

Reviews Pesoredee Online Loan App Feedback

Pesoredee online lending app is rated 4.5 star by customers as a reputable lender with high approval rates and fast disbursements. Some good feedback reviews below:

Pesoredee repayment

Pesoredee payment by 1 of 3 methods is:

• Pay via GCash or Coins.ph wallet: Select the Pay Bills section, continue to select Loans, then select Dragon Loans and fill in the reference number, phone number, and amount to pay.
• Pay cash at payment centers such as 7-Eleven, Cebuana Lhuillier, SM, Paymaya, Shopee Pay,
• Pay directly according to the instructions in the personal account section of the Pesoredee homepage, just log in Pesoredee PH and follow the on-screen instructions.

Compare Pesoredee Loan App Philippines with Other Loan App

Comparative criteria	Pesoredee App	Digido App	Finbro PH
Limits	1000 – 30000 pesos	500 – 30000 peso	1000 – 50000 peso
Interest	0,4%/day	0,4%/day	0,5% – 1,25%/day
Tenor	3 – 6 months	3 – 6 months	1 – 12 months
Age	22 – 70 years old	21 – 70 years old	20 – 65 years old
Browsing time	10 minutes	5 minutes	15 minutes

Sources: Refer to Sate Bank reporting and research.

Pesoredee customer service in Philippines

Peso Redee Financing Inc.

• Address: Unit 204 Pacific Center Condominium, 33 San Miguel Ave, Brgy. San Antonio, Pasig.
• Pesoredee reference number: 02453348509.
• Operating hours are from 8am to 5pm, from 2nd to 6th.

FAQs – Pesoredee Loan App in Philippines

Some questions about Pesoredee loans are answered below:

Is Pesoredee legit or not?

Pesoredee operates legally with the Securities and Exchange Commission registration number CS201804564 and Certificate of Authority #1165. In addition, Pesoredee is registered with the National Privacy Commission, committed to complying with data privacy and security regulations.

How to pay Pesoredee using GCash?

• Step 1: Log in to GCash.
• Step 2: Select Pay Bills
• Step 3: Select Loans
• Step 4: Select Dragon Loans
• Step 5: Fill in reference number, contact number, amount and email. Click Next.
• Step 6: Select Confirm

Is Pesoredee SEC registered?

REGISTRATION OF SECURITIES is the procedure for preparing a registration document with the Securities Exchange Commission by affidavit that applies to securities priced for sale to the public of an issuer or any person with a relationship in the control of such a company. Pesoredee registered the SEC with number CS201804564.

In conclusion – Should you Apply for a Pesoredee loan in the Philippines?

Pesoredee is a legally operated online lender that supports up to 30,000 pesos and offers interest-free offers for first-time borrowers. This is a loan that is highly appreciated by customers for its service, concise procedures, easy approval, fast disbursement and flexible payment methods.

Any questions about Pesoredee loan reviews you can leave a comment, we will answer as quickly as possible.