Easypeso Loan App Philippines: Is It Legit and What Are the Complaints?

In a world where financial technology (fintech) is transforming the way we manage our finances and access quick loans, Easypeso Loan App has emerged as a prominent player in the Philippines. This article aims to shed light on the legitimacy, interest rates, disbursement process, requirements, and potential concerns associated with Easypeso Loan, equipping you with valuable insights to make informed financial decisions in 2024.

Summary of Easypeso Loan

Loan App Easypeso Loan App is a popular financial tool in the Philippines, offering an easy and convenient way to secure loans. This review provides an overview of its features and benefits.
Loan Application Guide Applying for a loan using the Easypeso Loan App in the Philippines is a straightforward process. This guide outlines the steps you need to take to successfully secure a loan through the app.
Maximum Loan Amount Easypeso Loan App allows borrowers to access a range of loan amounts, with limits spanning from 1,000 to 10,000 Philippine Pesos (PHP). This flexibility enables borrowers to choose the amount that best suits their financial needs.
Age Requirement To be eligible for a loan through Easypeso Loan App, applicants must be within the age range of 21 to 65 years old. This requirement ensures that borrowers fall within a certain age bracket.
Loan Term Options Easypeso offers versatile loan terms that span from 1 to 6 months. This range allows borrowers to choose a repayment period that aligns with their financial situation and preferences.
Interest Rate The annual interest rate for loans obtained through Easypeso Loan App is set at 24%. It’s essential to understand this interest rate when considering the total cost of the loan.
Required Documentation When applying for a loan, Easypeso Loan App requires applicants to provide a National ID as a crucial document. Ensuring you have this documentation ready is an essential part of the application process.
Payment Options Repaying your loan is made easy with multiple payment options. Easypeso Loan App allows borrowers to make payments through popular platforms like GCash, Maya, and M Lhuillier, providing convenience and flexibility.
Contact Number If you have any questions or need assistance, you can reach out to Easypeso Loan App’s customer support at 09664171884. They are available to address your inquiries and concerns.
Easypeso Loan APK Download You can download the Easypeso Loan App via the provided [LINK HERE](insert link). Make sure to use the official source for your download to ensure the security and authenticity of the app.
Registration Number Easypeso Loan App is a registered financial service, and its registration number is CS201817516. This information verifies the legitimacy of the service.


What is Easypeso?

Easypeso stands as one of the most reputable fintech platforms in the Philippines, facilitating easy and secure loan applications. The app boasts competitive interest rates and diverse repayment options, making it a go-to solution for Filipinos seeking financial assistance.

Easypeso Loan App Benefits

Easypeso Loan offers several advantages:


  • Applying for loans and managing them is made effortless through the mobile app.


  • Quick approvals and swift disbursal ensure you have access to funds when you need them most.


  • Easypeso operates round-the-clock, allowing you to apply for loans or monitor your account at any time.


  • Easypeso prioritizes transparency, providing clear information on loan terms, interest rates, and fees to help borrowers make informed decisions.


  • Easypeso offers a range of loans with varying terms and amounts to cater to diverse financial needs.

Credit Building

  • Timely repayments through the app can contribute positively to your credit score.

Cons of Easypeso Loan

While Easypeso Loan App has its merits, it’s essential to be aware of potential drawbacks:

High Interest Rates

  • Easypeso may have higher interest rates compared to traditional bank loans or credit cards.

Hidden Fees

  • Some fees might not be readily apparent, potentially increasing the overall cost of borrowing.

Debt Traps

  • The ease of accessing funds through loan apps could lead to a cycle of debt if not managed wisely.

Privacy and Security Concerns

  • Entrusting personal and financial information to loan apps can be risky without robust security measures in place.

Easypeso Pro Cash Online Loan Interest Rates

Easypeso Pro Cash Online Loan offers competitive interest rates, with a maximum of 24% per year. Additional fees include a processing fee and a loyalty fee per purchase, ranging from 10% to 20%. While these rates are higher than those of traditional Philippine banks, they remain competitive within the loan industry.

Easypeso Loan Calculator

Suppose you plan to borrow PHP 10,000 from Easypeso Loan App with a 10% annual interest rate, requiring monthly installments over one year (12 months). Here’s how to calculate your monthly payment:

Monthly Interest Rate = Annual Interest Rate / 12
Monthly Interest Rate = 10% / 12 ≈ 0.8333% (rounded to 4 decimal places)

Now, calculate the number of monthly payments (n):

n = Loan Term (in months) = 12 months

Use the formula for calculating the monthly payment amount (PMT) with a fixed-rate loan:

PMT = [P * r * (1 + r)^n] / [(1 + r)^n – 1]


  • PMT = Monthly Payment
  • P = Principal Loan Amount (PHP 10,000)
  • r = Monthly Interest Rate (0.008333)
  • n = Number of Monthly Payments (12 months)

Now, plug in the values:

PMT ≈ PHP 903.74 (rounded to the nearest cent)

Your monthly installment for a PHP 10,000 loan from Easypeso, with a 10% annual interest rate and a 12-month repayment term, would be approximately PHP 903.74.

Easypeso Loan App Requirements

To qualify for an Easypeso loan, you need to meet the following requirements:

Age Eligibility

  • You should be of legal age in your country or region, typically 18 years or older.


  • A valid government-issued photo ID, such as a passport, driver’s license, or national ID card, is typically required for identity verification.

Proof of Income

  • Most loan apps require proof of a stable source of income, which can include payslips, bank statements, or other documentation demonstrating your ability to repay the loan.

Bank Account

  • An active bank account in your name is often a prerequisite for loan disbursement.


  • Some loan apps may require you to be a resident of the country where you are applying for the loan and may use location data for verification.

Guide to Apply for Easypeso Loan App Step-by-Step

Follow these steps to apply for an Easypeso loan:


Step #1. Download the Easypeso App

  • Visit your device’s app store or Google Play.
  • Search for “Easypeso” and download the official app.
  • Install the app on your device.

Step #2. Register for an Account

  • Open the Easypeso app after installation.
  • Sign up for an account by providing your phone number, email, and a password.
  • Use the code sent to your phone or email to verify your account.

Step #3. Complete Your Profile

  • Provide personal information such as your full name, date of birth, and address to complete your profile.

Step #4. Submit Required Documents

  • Easypeso may request documents for identity and creditworthiness verification, which may include a government-issued ID, proof of address, and income documents.
  • Follow the app’s instructions to securely upload these documents.

Step #5. Apply for a Loan

  • Once your profile is complete and your documents are verified, you can apply for a loan within the app.
  • Specify the loan amount and repayment terms.
  • Review the loan terms, interest rates, and any associated fees.
  • Submit your loan application.
  • Upon approval, you should receive the loan amount in your linked bank account or mobile wallet.

Easypeso Loan Disbursement

The loan disbursement process with Easypeso typically involves the following steps:

#1. Loan Approval

  • Upon approval of your loan application, you will receive a notification confirming the approval.

#2. Confirmation of Disbursement

  • Easypeso will send a confirmation notification, detailing the disbursement date and the exact transfer amount.

#3. Loan Disbursement

  • On the scheduled disbursement date, Easypeso will initiate the transfer of the approved loan amount to your linked bank account or mobile wallet.
  • This process is typically electronic and may vary in duration based on your financial institution or mobile wallet provider.

#4. Repayment Reminder

  • Easypeso may provide you with a repayment schedule, including due dates and installment amounts.
  • Ensure your linked account has sufficient funds to cover the repayments on time.

Easypeso Loan Reviews and Feedback

Easypeso Loan App is lauded for its swift loan disbursement, often within 24 hours, and overall convenience. Applicants can swiftly determine their loan eligibility and receive approval in mere minutes upon submitting the necessary documentation. However, it’s important to be aware of potential technological issues and varying levels of customer service quality.

Easypeso Loan Payments

Paying off loans with the Easypeso app involves several key steps:

#1. Loan Contract and Repayment Plan

  • Upon loan approval, Easypeso will provide a loan agreement outlining due dates, payment amounts, and the total repayment amount.

#2. Methods of Payment

  • Easypeso typically offers multiple payment methods, including:
    • Direct Debit: The app can automatically deduct installment amounts from your linked bank account on due dates.
    • Mobile Bank: Payment can often be made directly from your linked mobile bank, such as GCash or PayMaya.
    • Over-the-Counter Payments: Some loan apps guide you on making payments at physical payment centers or partner locations.

#3. Reminders to Pay

  • Easypeso may send notifications or emails to remind you of upcoming payment due dates. It’s essential to heed these alerts to ensure timely repayments.

#4. Payments by Hand

  • If your chosen payment method is direct debit, Easypeso will automatically deduct installment amounts from your linked bank account on the due dates. Ensure your account has sufficient funds to cover these scheduled withdrawals.

Compare Easypeso Loan App to Other Apps

Let’s compare Easypeso Loan App to other popular lending apps:

Loan App Easypeso Loan App Wowpera Loan GCash Loan
Interest Rate 24% per year 12% and 20% per year 1.59% – 6.57% per month
Loan Amount Up to PHP 10,000 Up to PHP 20,000 Up to PHP 150,000
Loan Term Up to 6 months Up to 12 months Up to 12 months

Easypeso Loan Customer Service

If you require assistance or have inquiries about Easypeso Loan App, here’s how to contact their customer service:

  • Phone Number: 09664171884
  • Email: [email protected]
  • Address: Net Cube Plaza, 30th St. Cor 3rd Ave., Bonifacio Global City, Taguig City, Philippines 1643

FAQs – Easypeso Loan App

For additional information about Easypeso Loan, here are some frequently asked questions:

Is Easypeso Loan Legit?

Yes, Easypeso is a legitimate lending platform in the Philippines, known for its ease of access and swift loan disbursement. However, it’s crucial to be aware that loan terms and interest rates can vary based on individual factors and economic conditions.

Is Easypeso Loan SEC Registered?

Yes, Easypeso is registered with the Securities and Exchange Commission (SEC), as required by Philippine law. You can verify their registration by visiting the official SEC website and checking for registration number CS201817516.


Easypeso Loan App provides a user-friendly and efficient means for Filipinos to access financial assistance through their mobile devices. While the application process and terms may vary, the app offers a quick and straightforward method to obtain loans.

Easypeso is an ideal choice for individuals in need of fast financial solutions, particularly if you possess a stable source of income and require swift access to funds. However, it’s imperative to stay informed about the latest updates and loan terms, making prudent borrowing decisions by considering interest rates and repayment terms.


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