Peso Cash Loan App Reviews: Legit? SEC Registered? Complaints

In this review, CashExpress PH will delve into the world of Peso Cash, a Philippines-based financial technology company offering digital short-term loans to individuals who may face challenges accessing traditional banking services. We’ll explore various aspects of Peso Cash, including its legitimacy, interest rates, customer complaints, and payment methods.

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Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval

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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

Summary of Peso Cash Loan App

Review ⭐ Peso Cash Loan App PH
Maximum Loan ⭐ Ranging from 1000 to 15,000 PHP
Age Eligibility ⭐ 20 to 65 years old
Loan Term ⭐ 1 to 12 months
Interest Rate ⭐ Fixed at 18.25% per year
Requirements ⭐ A valid National ID
Pros ⭐ User-friendly interface, no reported victim complaints
Cons ⭐ Not suitable for OFW loans in the Philippines
Effectiveness Rating ⭐ Considered good
Bad Debt ⭐ Accepted
Harassment ⭐ Possible through phone and email
Legitimacy ⭐ Verified
Payment Options ⭐ GCash, Maya, M Lhuillier, RD Pawnshop, and 7-11
Contact Number ⭐ +639 270317725
Download App APK ⭐
Registration Number ⭐ CS201900197


What is Peso Cash?

Peso Cash is a pioneering Philippines-based financial technology company that provides digital short-term loans to individuals who may not have easy access to traditional banking services. The platform allows users to apply for loans via a mobile app, with funds directly deposited into their bank accounts or mobile wallets.

Pros of Peso Cash Loan

  • Convenience: The application process is quick and accessible through a user-friendly mobile app.
  • Accessibility: Peso Cash serves those with limited access to traditional banking services, helping meet their financial needs.
  • Speed: Loan processing is fast, ensuring quick access to funds.
  • Flexibility: Borrowers can use the funds for various purposes, such as emergencies, bills, or other financial obligations.
  • Digital Tracking: The app may provide tools to monitor loan progress and payments.
  • Credit Building: Timely repayment can contribute to improving credit scores over time.

Cons of Peso Cash App

  • High Interest Rates: Peso Cash typically offers loans with higher interest rates compared to traditional banks, resulting in increased long-term costs.
  • Short Terms: Loans come with short repayment terms, putting pressure on borrowers to repay quickly.
  • Risk of Debt Cycle: Easy access to funds may lead to a cycle of borrowing, especially if borrowers struggle to repay on time, potentially trapping them in a debt cycle.
  • Late Fees and Penalties: Missing payments can lead to additional late fees and penalties, escalating the total loan cost.
  • Privacy and Data Security: Sharing personal and financial information raises concerns about data privacy and security.
  • Lack of Face-to-Face Interaction: Some users may prefer traditional banks for the ability to interact with bank employees in person.

Peso Cash Interest Rate

Peso Cash Loan App offers loans with a time range of 120 to 210 days, featuring an annual percentage rate (APR) of 18.25% per year and a daily interest rate of 0.05%. The platform states that its service fees are 0%. Additionally, the borrower’s credit score can influence the loan amount and duration.

Example of Peso Cash Interest Rate Calculation

Let’s illustrate the interest calculation with an example:

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

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

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

For this example loan from Peso Cash Lending, the total repayment would be ₱10,500 at the end of the 30-day term.

Peso Cash Loan Requirements

To qualify for a Peso Cash loan, you typically need to meet these common requirements:

  • Age: Applicants must be at least 18 years old.
  • Residency: You should be a resident of the Philippines.
  • Legal ID: A government-issued ID such as a driver’s license, passport, or government ID is usually required.
  • Mobile Phone: A smartphone with an internet connection is necessary, as the application process primarily relies on a mobile app.
  • Bank Account or Mobile Wallet: You may need a valid bank account or mobile wallet to receive loan disbursements.
  • Stable Income: Some lenders may require proof of a steady job or income source, often provided through pay stubs or work certificates.
  • Credit Check: Peso Cash may offer loans without traditional credit checks.
  • Valid Email Address: An active email address is often needed for communication and verification purposes.

Guide to Peso Cash Loan Application Step-by-Step

For those interested in applying for a loan through Peso Cash, here’s a step-by-step guide:

Step #1: Download the Peso Cash Loan App

  • Search for “Peso Cash Loan App” and download the app.
  • Install and launch the app.

Step #2: Create an Account

  • Open Peso Cash and create a user profile.
  • Provide your phone number and choose a password.
  • Verify your identity using a code sent to your phone by Peso Cash.

Step #3: Complete Your Profile

  • Fill out your profile, including personal details like date of birth and residence.
  • You may be asked about your income and spending habits to assess your creditworthiness.

Step #4: Apply for a Loan

  • Use the app to apply for a loan.
  • Select the loan term and the desired loan amount.

Peso Cash Loan Reviews and Feedback

In my experience, applying for a loan through the Peso Cash Lending App is a quick and reliable process. Applicants can receive immediate qualification results and approval within minutes upon submitting all required documentation. However, it’s essential to be prepared for potential technical issues and subpar customer service to avoid any inconveniences.

Peso Cash Payment Methods

Peso Cash Loan App offers several payment methods, including:

  • Bank Transfer: Repayments can be made via bank transfer using provided account details and loan reference numbers.
  • Mobile Wallet: Some lenders accept loan repayments through popular mobile wallets such as GCash or PayMaya.
  • Over-the-Counter Payment: In some cases, borrowers can make repayments at physical locations like convenience stores or payment centers.
  • Auto-Debit Arrangement: Certain lenders offer auto-debit arrangements, deducting loan repayments from linked bank accounts or mobile wallets on due dates.
  • Online Payment within the App: Many fintech loan apps feature an in-app payment feature, enabling direct repayments through the app.
  • Credit Card: Although less common, some fintech lenders may accept credit card payments.

Compare Peso Cash Loan to Other Apps

To provide a better perspective, here’s a comparison of Peso Cash with other loan apps:

Loan App Peso Cash Mr. Cash Loan Kviku
Interest Rate 18.25% per year 3.315% – 4.563% per month 4.8% per 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 State Bank reporting and research.    

Peso Cash Contact Numbers

For inquiries and assistance, you can reach out to Peso Cash through the following contact channels:

  • Hotline: +639 612783945
  • Contact Number: +639 270317725
  • Email:

FAQs – Peso Cash App

Here are some frequently asked questions about the Peso Cash Loan App:

Is Peso Cash legit or not?

Yes, Peso Cash is a legitimate platform for obtaining online loans in pesos. It operates under the name MyLoan Lending Investors Inc. and holds the company registration number CS201900197. It is registered with the Securities and Exchange Commission (SEC) and complies with privacy policies, terms and conditions, and regulatory requirements.

How to delete a Peso Cash account?

To delete your Peso Cash account, log in to the Peso Cash site, navigate to the “Account” tab, and select “Delete Account.” Follow the on-screen instructions to confirm the account deletion. Please note that this action is irreversible.

Is Peso Cash SEC registered?

Yes, Peso Cash is registered with the Securities and Exchange Commission (SEC) under the name MyLoan Lending Investors Inc. It holds a certificate with the number 2866, allowing it to operate as a lending company.


In the Philippines and beyond, the Peso Cash Loan App provides a vital avenue for low-income borrowers to access mobile loans. Even individuals with limited credit history can benefit from Peso Cash, thanks to its focus on mobile phone usage and spending patterns. Loan amounts, repayment terms, and interest rates are negotiable, making this platform a convenient alternative to traditional financial institutions. Quick loans can often be secured without the need for a traditional credit check, providing financial flexibility for those in need. However, it’s crucial to consider the potential drawbacks, such as higher interest rates and privacy concerns, before opting for this lending solution.

In conclusion, Peso Cash offers a convenient and accessible financial solution for individuals in need of short-term loans in the Philippines. While it provides many advantages, such as quick access to funds and a straightforward application process, borrowers should exercise caution due to the relatively high-interest rates and potential privacy concerns. Make sure to assess your financial situation and needs carefully before choosing Peso Cash or any other lending platform, and always read the terms and conditions thoroughly.

5/5 - (8 votes)

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