Pera247 App Review: Legit? Loan Requirements? Contact Number

Pera247 loan

In the fast-paced world of the Philippines, unforeseen expenses can throw a wrench into even the most meticulously planned budgets. Whether it’s a sudden medical bill, urgent home repairs, or simply bridging the gap between paychecks, Filipinos often find themselves in need of a quick and reliable financial solution. This is where Pera247 app steps in, offering a convenient and accessible way to access cash loans without the hassle of traditional bank loans.

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TOP 10 RELIABLE ONLINE LOAN IN PHILIPPINES – ONLY NATIONAL ID REQUIRED

Update 06/2024

(Online Loan Application)


Finbro PH loan

FINBRO PHILIPPINES

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1,000₱ - 50,000₱

Term: 30 - 360 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 20 - 70.

(Receive money in 10 mins)




Kviku PH loan

KVIKU PHILIPPINES

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500₱ - 25,000₱

Term: 60 - 180 days.

Interest rate: 1.2% months.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 18 - 65.

(Receive money in 5 mins)




Soscredit PH loan

SOSCREDIT PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 20 - 70.

(Receive money in 15 mins)




Credify PH loan

CREDIFY PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: Monthly or End of term.

OOnly National ID required.

Age: 20 - 70.

(Receive money in 15 mins)




Pesoredee PH loan

BINIXO PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 18 - 70.

(Receive money in 15 mins)




Digido PH loan

DIGIDO PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 180 days.

Interest rate: 0% for 7 days.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 21 - 70.

(Receive money in 4 mins)




Cash-Express PH loan

CASH-EXPRESS PHILIPPINES

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1,000₱ - 20,000₱

Term: 7 - 30 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 21 - 70.

(Receive money in 5 mins)




Crezu PH loan

CREZU PHILIPPINES

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1,000₱ - 25,000₱

Term: 60 - 120 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 18 - 70.

(Easy loan approval)




MoneyCat PH loan

MONEYCAT PHILIPPINES

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500₱ - 20,000₱

Term: 90 - 180 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 22 - 75.

(Receive money in 15 mins)




loanonline PH

LOANONLINE PHILIPPINES

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500₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 18 - 70.

(Easy loan approval)




Finloo PH loan

FINLOO PHILIPPINES

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1,000₱ - 25,000₱

Term: 30 days.

Interest rate: from 12% - 36%

Repayment: End of term.

Only ID Card required.

Age: 18 - 65.

(Receive money in 10 mins)




Pesoredee PH loan

PESOREDEE PHILIPPINES

View Guide

1,000₱ - 20,000₱

Term: 7 - 120 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 21 - 70.

(Receive money in 5 mins)


Summary of Pera247

✅ Pera247 Review⭐ 3.4 stars
✅ Guide to⭐ Register to Pera247 loan app Philippines (PH)
✅ Loan amount⭐ 5000 – 30.000 Pesos
✅ Age⭐ 18 – 60 years old
✅ Term⭐ 91 – 180 days
✅ 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
✅ Sec registered⭐ Yes
✅ Harassment⭐ Read more about feedback in this article
✅ Complaints⭐ No
✅ Get a loan

What is Pera247?

Pera247 is a mobile app that provides Filipinos with secure and easy-to-access online cash loans. Licensed by the Securities and Exchange Commission (SEC), Pera247 operates with transparency and adheres to strict regulations, ensuring a safe and responsible borrowing experience for its users.

Key Features of Pera247 App

  • Fast and Convenient: Apply for a loan anytime, anywhere, right from your smartphone. No need for lengthy paperwork or physical visits to branches.
  • Flexible Loan Options: Choose loan amounts ranging from ₱1,000 to ₱70,000, with repayment terms of 91 to 180 days. This allows you to tailor the loan to your specific needs and budget.
  • Competitive Interest Rates: Pera247 offers transparent and competitive interest rates ranging from 1% to 20% per month, depending on your loan amount and creditworthiness.
  • Streamlined Process: Get approved for a loan in minutes with a simple and intuitive application process. All you need is one valid ID and a selfie!
  • Secure and Reliable: Pera247 utilizes advanced security measures to protect your personal information and ensure the safety of your financial transactions.

Benefits of Using Pera247

Pera247 review advantages are:

  • Legal operation, 100% online registration process.
  • Loan conditions, terms, and information are public and transparent.
  • Unsecured loan, no collateral, no guarantor.
  • Regardless of credit history, people with bad debt histories can still apply for loans.
  • Absolute confidentiality of the personal data provided by borrowers.

Cons of Pera247 loan app

Pera247 app review has disadvantages such as:

  • Low limit, short term.
  • High interest rates, additional loan application processing fees.

Pera247 interest rate

Pera247 offers fast loans with an average interest rate of 0.83% per day, accompanied by a 6% application processing fee.

Example of Pera247 interest rate calculation

Pera247 approval 10,000 for 60 days with interest rate of 0.83% per day

  • The amount of interest payable in 1 month is: 10,000 x 0.83% x 30 = 2490 pesos.
  • The principal amount to be contributed in 1 month is: 10,000 : 2 = 5,000 pesos.
  • The total amount payable after 30 days is: 5,000 + 2490 = 5,490 pesos.

Pera247 loan requirements

The requirements for Pera247 borrowers are:

  • Filipino people, living in Philippine territory.
  • Have a minimum of 1 valid Government-issued ID.
  • Have an active genuine bank account.

Guide to register Pera247 Application Step-by-step

Instructions on the steps to apply for a loan are as follows:

Step 1: Download the Pera247 loan application

Go to Google Play, find and download the Pera247 app.

Step 2: Apply for a loan account

Enter phone number. There will be a message from the lender sending the code. Enter verification code and submit.

Create password, password must contain at least 1 digit ( 0-9) and be at least 6 characters long.

Step 3: Loan details

Select the loan amount, and loan term. Refer to the interest rate, amount to be paid, and service fee. Select Apply if it suits your personal needs and financial capabilities.

Step 4: Enter personal details

Fill in the information full name, address, job, income, contact person …

Step 5: Verify information

Upload a photo of your authentic ID and take a selfie to verify your personal information

Step 6: Wait for approval

Certification of the conditions and terms of the lender. Submit loan documents and wait for approval. Receive disbursements via same-day transfer.

Reviews Pera247 loan app feedback

Pera247 review is rated 3.4 stars on Google Play, no complaints harassment. It is legit and safe to use, high support limit and absolute information.

Customers who have experienced Pera247’s loan service feedback The loan service has a high approval rate, fast disbursement time, simple loan process and procedures.

Pera247 repayment

The Pera247 payment methods are:

  • Online payment via GCash e-wallet, payment status is updated instantly.
  • Pay via Cliqq app at partner payment points such as 7-Eleven, Bayad Center, SM Bills, Cebuana Lhuillier, M Lhuillier. The payment status updates within 24 hours.

Compare Pera247 loan app Philippines with other loan apps

Comparative criteriaPera247Fuse LendingLendpinoy
Limits1.000 – 15.000 pesos3.000 – 300.000 pesos3.000 – 60.000 pesos
Tenor72 – 100 days1 – 30 days30 – 180 days
Interest0,83%/day3,5%/day6%/month
AgeOver 21 years oldFrom 21 to 65 years oldOver 21 years old
Browsing time15 minutes10 minutes10 minutes

Sources: Refer to State Bank reporting and research.

Pera247 customer service

Pera247 Ph complaints through the following information:

  • Address: Unit 906, The Tower, Ayala Triangle, Makati City, Metro Manila, Philippines.
  • Email: info@pera247.ph
  • Hotline: 09219610721 – 09273348368
  • Time work: 9AM to 6PM, from Monday to Friday.

Is Pera247 legit?

Pera247 Lending Corporation is an online loan financing company that started operating from 10/10/2017. Through checking the list of lending companies in https://www.sec.gov.ph/ website, Pera 247 has registered with the SEC with registration No.CS201734339 and Certificate of Authority No.2582.

Is Pera247 harassment?

Pera247 is SEC registered, complying with the law. The company commits not to harass borrowers, only to use the information to approve loans. If the borrower is late in payment, the lender will use the information to contact the debt reminder, but still within the standards allowed by Philippine law.

How to make Pera247 complaints?

Borrowers who have any complaints about loan service, disbursement or loan payment activities, can send support request information via email info@pera247.ph, resolved in 1 to 2 business days. Urgent requests can be contacted via hotline 09219610721 or 09273348368, receiving from 9 AM to 6 PM, 2nd to 6th weekdays.

What happened to Pera247 closed?

Pera247 was an online lending app in the Philippines that provided fast and easy loans to borrowers. However, it was ordered to shut down by the National Privacy Commission (NPC) for violating data privacy laws and exposing borrowers to serious privacy risks and harms. The NPC found that Pera247 had access to a lot of personal and sensitive information from the borrowers’ mobile devices, including contacts, social media data, location, photos, media files, and emails. The NPC said that this level of access was excessive and could be used to harass and shame delinquent borrowers. Pera247 was one of the four lending apps that were suspended by the NPC in August 2021. The suspension will remain in effect until the NPC decides to lift it.

Conclusion

Pera247 is a reputable online lending partner, has been operating for nearly 7 years in the Philippine market. The loan app provided financial assistance to Filipino residents, amounting to 1,000 to 15,000 pesos, payments within 72 to 100 days, and receiving money fast on the same day.

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