In this review, we will delve into the features, benefits, and drawbacks of Pesoredee, a leading financial service platform in the Philippines. We will cover various aspects, including the loan application process, loan amounts, interest rates, repayment methods, and customer reviews. By the end of this analysis, you will have a thorough understanding of Pesoredee’s offerings and whether it is a suitable choice for your financial needs.
Overview of Pesoredee Loan
Pesoredee is a renowned financial service provider in the Philippines, offering loans through its Fintech technology platform developed by Peso Redee Financing Inc. The platform specializes in fast loans that cater to the diverse needs of Filipinos.
One of its key advantages is the ease of online application without requiring face-to-face meetings or field appraisals. The loan amounts range from 1000 to 30000 pesos, with repayment terms spanning from 3 to 6 months. First-time borrowers can avail a maximum loan of 7000 pesos.
Pros and Cons of Applying for a Pesoredee Loan
- No proof of income, collateral, or guarantor needed.
- Convenient online application available 24/7, including weekends and holidays.
- Quick loan approval process, usually within 5 minutes.
- Transparent cost and interest information provided to borrowers before borrowing.
- Option to extend the payment period by 14 days in case of insufficient funds.
- Strict confidentiality of personal information.
- Additional service fee for applying through the online loan website.
- Loan limit may not meet the requirements for larger amounts.
- Relatively high interest rates and short-term installment periods.
Pesoredee Interest Rates
Pesoredee’s interest rates for online loans average around 11.9% per month, resulting in a maximum annual APR of 143%. First-time borrowers may enjoy interest-free offers if they repay the full loan amount on the first payment day.
Applying for a Pesoredee Loan: A Step-by-step Guide
The loan application process on Pesoredee is straightforward and can be completed in a few simple steps:
- Access Pesoredee’s website or download the Pesoredee app.
- Confirm your phone number via an OTP sent through SMS.
- Provide personal information, including full name, gender, email, date of birth, and address.
- Upload a valid ID for verification purposes.
- Enter your bank account number or e-wallet details to receive disbursements.
- Wait for loan approval, which usually takes around 5 minutes, and receive the funds on the same day.
Pesoredee Loan Requirements
To be eligible for a Pesoredee loan, applicants must be Filipino citizens aged between 22 and 70 years with stable employment. An e-wallet or bank account is essential to receive loan disbursements.
Customer Reviews and Feedback
Customer feedback regarding Pesoredee’s online lending app has been overwhelmingly positive. The platform is highly regarded for its high approval rates, speedy disbursement process, and overall reputable lending services.
Pesoredee Repayment Methods
Pesoredee offers three convenient methods for loan repayment:
- Pay via GCash or Coins.ph wallet by selecting “Pay Bills” and then “Loans.”
- Make cash payments at various payment centers like 7-Eleven, Cebuana Lhuillier, SM, Paymaya, and Shopee Pay.
- Pay directly through the Pesoredee website by logging into your account and following the on-screen instructions.
Comparing Pesoredee with Other Loan Apps in the Philippines
Here’s a comparison of Pesoredee with other prominent loan apps in the Philippines based on key criteria:
|Loan App||Pesoredee App||Digido App||Finbro PH|
|Amount (PHP)||1000 – 30000||500 – 30000||1000 – 50000|
|Interest Rate||0.4%/day||0.4%/day||0.5% – 1.25%/day|
|Term (months)||3 – 6||3 – 6||1 – 12|
|Age Range||22 – 70||21 – 70||20 – 65|
|Browsing Time (minutes)||10||5||15|
Pesoredee Customer Service in the Philippines
Peso Redee Financing Inc. Address: Unit 204 Pacific Center Condominium, 33 San Miguel Ave, Brgy. San Antonio, Pasig. Pesoredee reference number: 02453348509.
FAQs – Pesoredee Loan App in the Philippines
Is Pesoredee a legitimate service provider?
Yes, Pesoredee is a legally operated online lender with the Securities and Exchange Commission registration number CS201804564 and Certificate of Authority #1165. It is also registered with the National Privacy Commission, ensuring compliance with data privacy and security regulations.
How can I pay Pesoredee using GCash?
To pay through GCash, log in to your GCash account, select “Pay Bills,” then “Loans,” and finally “Dragon Loans.” Enter the reference number, contact number, amount, and email, then click “Next” and “Confirm.”
What is Pesoredee’s customer service number and operating hours?
- Pesoredee contact number: 02453348509.
- Email Address: firstname.lastname@example.org.
- Operating hours are from 8 am to 5 pm, from Monday to Friday.
In conclusion, Pesoredee is a reliable online lender in the Philippines, offering loans of up to 30,000 pesos and attractive interest-free offers for first-time borrowers. The platform is highly appreciated for its efficient service, simple procedures, quick approvals, fast disbursements, and flexible payment options. If you are in need of a quick and hassle-free loan, Pesoredee could be a suitable choice for you. However, it is essential to carefully consider your financial situation and requirements before proceeding with any loan application.