Is Peramoo Loan App Legit for Filipinos?


PeraMoo is a reputable and trustworthy online lending platform that specializes in offering short-term loans to individuals residing in the Philippines. This review aims to provide an in-depth analysis of PeraMoo’s loan services, examining its legitimacy, loan eligibility requirements, application process, loan terms and conditions, as well as the advantages and disadvantages that borrowers should consider before making a decision.

PeraMoo Loan Eligibility and Application Process

To be eligible for a PeraMoo loan, applicants must meet specific criteria. First and foremost, applicants need to be at least 18 years old to qualify. Furthermore, a valid identification document, such as a government-issued ID, is required for the application process. Additionally, applicants must demonstrate a stable and regular source of income. These eligibility requirements ensure that PeraMoo lends to responsible borrowers who have the means to repay their loans.

Applying for a PeraMoo loan is a hassle-free and convenient process. Interested individuals can easily download the PeraMoo app from either the Google Play Store or the App Store, allowing them to access the loan application platform at their fingertips. Once the app is successfully installed, users can create an account and proceed with filling out the application form. The form will typically require personal information, including full name, address, contact details, and employment information.

Additionally, applicants will need to provide a clear photograph of themselves and a valid ID for identity verification purposes.

PeraMoo Loan Review and Approval Process

Once the application is submitted, PeraMoo employs a comprehensive review and evaluation process to assess the borrower’s eligibility and creditworthiness. This review typically takes around 24 hours, after which applicants receive a notification regarding the status of their loan application.

In the event that the application is approved, the loan amount will be disbursed directly into the borrower’s designated bank account within an additional 24-hour period. This swift disbursement process ensures that borrowers can access the funds quickly to meet their financial needs.

Loan Terms and Conditions

PeraMoo offers flexible loan amounts ranging from Php 500 to Php 15,000, allowing borrowers to choose the loan amount that aligns with their specific requirements. The repayment period for PeraMoo loans spans up to 30 days, affording borrowers an ample timeframe to repay their loans without undue pressure.

It is important to consider the financial implications of borrowing from PeraMoo. The interest rate applied to PeraMoo loans is 18% per annum. Additionally, borrowers are subject to a one-time service fee ranging from 5% to 15% of the loan amount. The total repayment amount will depend on various factors, including the loan amount, repayment duration, and the applicable interest rate. Borrowers should carefully assess these costs to determine the affordability of the loan and ensure they can comfortably meet the repayment obligations.

Pros and Cons of PeraMoo Loans


  1. Quick and Easy Application Process: PeraMoo provides a user-friendly mobile app that streamlines the loan application process, ensuring a convenient and efficient experience for borrowers.
  2. Fast Fund Disbursement: Approved borrowers can expect the loan funds to be deposited into their bank accounts within 24 hours, enabling them to address their urgent financial needs promptly.
  3. No Collateral Required: PeraMoo loans are unsecured, meaning borrowers are not required to provide collateral such as property or assets to secure the loan. This accessibility makes it easier for individuals who do not possess valuable assets to qualify for a loan.
  4. Flexible Repayment Terms: With a repayment period of up to 30 days, borrowers have the flexibility to create a repayment plan that suits their financial capabilities, promoting responsible borrowing practices.


  1. High Interest Rates: PeraMoo’s interest rate of 18% per annum can be relatively higher compared to other lending options. Borrowers should carefully consider the cost of borrowing and ensure they can comfortably manage the associated interest expenses.
  2. One-Time Service Fee: In addition to the interest rate, borrowers are required to pay a one-time service fee ranging from 5% to 15% of the loan amount. This fee should be factored into the overall cost of borrowing and assessed for its impact on the borrower’s finances.
  3. Potential Challenges for Applicants with Bad Credit: PeraMoo’s loan approval process may be more stringent for individuals with a poor credit history. As a result, borrowers with bad credit may find it more difficult to secure a loan through PeraMoo.

Conclusion and Final Considerations

In conclusion, PeraMoo is a loan app legit and reliable lending platform that offers short-term loans to Filipinos in need of immediate financial assistance. The application process is straightforward and convenient, with quick fund disbursement to approved borrowers.

However, borrowers should be mindful of the comparatively higher interest rates and the one-time service fee that contribute to the overall cost of borrowing.

Additionally, individuals with bad credit may encounter challenges in obtaining approval for a PeraMoo loan. It is crucial for potential borrowers to carefully evaluate their financial situation, assess the pros and cons of PeraMoo loans, and ensure they have a clear understanding of the loan terms before making a decision. By practicing responsible borrowing and proper financial planning, individuals can make the most of PeraMoo’s loan services while managing their financial obligations effectively.


5/5 - (8 votes)
CashLoanPH Changed status to publish 06/06/2023