3 Ways to make a PesoRedee loan repayment

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If you have taken out a loan with PesoRedee and need to make a repayment, there are several options available to you. Here, CashLoanPH will provide a more comprehensive guide to making PesoRedee loan repayments, including the different payment methods, repayment terms, and fees that may apply.

First, let’s start with the basics. PesoRedee is an online lending platform that offers personal loans to Filipino borrowers. The platform provides fast and easy financial solutions to every Filipino’s financial needs without office visits, collateral, complex approval processes, or waiting in a queue. PesoRedee offers an inventive, consistent, and quick way to deal with customer loan products, enabling us to adjust to your changing needs – serving you with high business morals and transparency.

If you’ve already applied for and been approved for a loan through PesoRedee, then you’re probably wondering how you can make repayments. Fortunately, PesoRedee offers several convenient and flexible options for making loan repayments.

#1. Use the Cliqq touch screen machine

One option for making a PesoRedee loan repayment is to use the Cliqq touch screen machine. To do this, you’ll need to go to Bills Payment > More Bills > Loans > DRAGONLOANS on the machine’s interface. From there, you’ll need to fill out the necessary details and put in your reference number, which is indicated on the SMS that you received upon approval. After filling out the required information, you’ll receive a machine-generated receipt, which you’ll need to pay at the counter. Finally, you’ll receive a payment receipt from the machine.

#2. Pay via Gcash, 7-11, or online

Another option for making a PesoRedee loan repayment is to pay via Gcash, 7-11, or online. After getting approved for a PesoRedee loan, you will receive an SMS or call indicating your approval. You can then choose to pay via Gcash, 7-11, or online using the PesoRedee website or mobile application. This option is particularly convenient if you prefer to make payments from the comfort of your own home or if you don’t live near a Cliqq touch screen machine.

#2. Pay in installments

Depending on the loan amount and loan term, you may be required to make repayments in installments. For example, a borrower who took out β‚± 10,000 for 90 days gets β‚± 10,000 and has to return β‚± 14,500 in 3 equal installments. If you’re required to make repayments in installments, it’s important to make sure that you’re able to meet each payment on time. Failure to make repayments on time can result in late fees or additional charges, which can make your loan more expensive overall.

Now that you’re familiar with the different ways to make a PesoRedee loan repayment, it’s important to note that there may be fees or charges associated with your loan. For example, there may be an interest rate on your loan, which means that you’ll be paying back more than you borrowed. Additionally, there may be late fees or penalties if you miss a repayment deadline. Before applying for a loan with PesoRedee, it’s important to read the terms and conditions in the Disclosure Statement to ensure that you’re aware of all the details regarding your loan, including the repayment period, interest rate, and any applicable fees.

If you’re having trouble making a repayment or have questions about your loan, PesoRedee offers customer support via phone or email, so if you have any questions or concerns about making a repayment, don’t hesitate to reach out to them for assistance.

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CashLoanPH Changed status to publish 30/04/2023