PesoRedee Philippines is a reputable online lending service that specializes in micro and consumer financing. With a focus on convenience, transparency, and minimal requirements, PesoRedee offers quick access to funds up to PHP 20,000. This comprehensive review will delve into various aspects of PesoRedee, including loan information, the application process, frequently asked questions, and contact details.
PesoRedee Loan Information
| Loan Details | |
|---|---|
| 1st Loan Amount | Up to PHP 7,000 |
| 1st Loan Interest Rate | 0% if repaid on the 1st payment date |
| Repeated Loan Amount | Up to PHP 20,000 |
| Nationality | Filipino |
| Age Range | 22 – 70 years |
| Employment | Employed individuals or selected professionals |
| Valid Bank Account / E-wallet | Mandatory |
| Payslip or Proof of Billing | Not required |
| Documents | Only 1 valid ID |
| Collateral | Not required |
| Registration in SEC | № CS201804564, CA №1165 |
| Loan Options for New and Valued Repeat Borrowers | Loan amounts range from ₱ 1,000 to ₱ 30,000. The credit term varies from 90 days to 720 days, with a minimum repayment period of 90 days and a maximum of 720 days. For instance, if a borrower takes ₱ 10,000 for 90 days, they would receive the full amount and need to repay ₱ 14,500 in three equal installments, including ₱ 4,500 in interest fees. No additional debt payments are required. |
PesoRedee offers flexible loan options to cater to various financial needs. For first-time borrowers, the loan amount can be as high as PHP 7,000, and the interest rate is 0% if repaid on the first payment date. Repeat borrowers can access higher loan amounts of up to PHP 20,000.
The eligibility criteria include being a Filipino citizen aged between 22 and 70 years. Employed individuals and selected professionals are eligible to apply. A valid bank account or e-wallet is mandatory, and only one valid ID is required for documentation.
PesoRedee does not require collateral, ensuring a fast, convenient, and transparent loan process. The company is registered with the Securities and Exchange Commission (SEC) under registration number CS201804564 and CA number 1165.
How to Apply for the Loan with PesoRedee
Applying for a loan with PesoRedee is a straightforward process that can be completed in a few simple steps:
- Evaluate your financial situation and determine the loan amount you require.
- Download the PesoRedee mobile application or visit their website.
- Complete the registration process by providing accurate personal information.
- Submit the loan application and await a response, which typically takes 5-10 minutes.
- If your application is approved, the loan amount will be transferred to your designated bank account or card. In case of rejection, you can either reapply after 7 days or explore alternative loan services.
- It is crucial to repay the loan on time to avoid penalties and maintain a good borrowing relationship with PesoRedee.
Frequently Asked Questions About PesoRedee PH
1. Is PesoRedee a legitimate lending service?
Yes, PesoRedee is a legitimate lending institution duly registered with the Securities and Exchange Commission (SEC) under the name PESO REDEE FINANCING CO., INC. The registration numbers are CS201804564 and CA number 1165. Additionally, PesoRedee complies with regulations set by the National Privacy Commission.
2. What is the maximum loan amount I can borrow?
For first-time applicants, PesoRedee offers loan amounts ranging from ₱ 1,000 to ₱ 8,000. Repeat borrowers in good standing can borrow up to ₱ 30,000, subject to evaluation.
3. How will I receive the loan amount?
Once your loan is approved, PesoRedee disburses the funds directly to your bank account or e-wallet. They support popular e-wallet options such as GCash and others.
4. How long does it take to receive the money?
PesoRedee boasts a quick approval process, with most applicants receiving a response within 5 minutes. Upon approval, the cash can be transferred to your account within 5 minutes using the InstaPay service.
5. What are some alternatives to PesoRedee in the Philippines?
If you are exploring alternative lending services, consider options such as Cashxpress, Digido, Finbro, Moneycat, Kviku, Tala, OLP, and many others. It’s advisable to compare the terms and conditions of different lenders to find the one that best suits your needs.
6. How can I repay my loan with PesoRedee on time?
PesoRedee offers several convenient repayment options to ensure timely repayment. These options include 7-Eleven, PayMaya, Bayad Center, LBC, Cebuana Lhuillier, Coins Philippines, GCash, RD Pawnshop, and Palawan Express. Choose the payment method that is most convenient for you to avoid any delays or penalties.
PesoRedee Contact Information
For additional inquiries or support, you can reach out to PesoRedee using the following contact details:
- Company: Peso Redee Financing Inc.
- Website: https://pesoredee.ph
- Address: Unit 204 Pacific Center Condominium, 33 San Miguel Ave, Brgy. San Antonio, Pasig, Philippines.
Conclusion
PesoRedee Philippines provides a reliable and convenient online lending service, allowing individuals to access quick funds of up to PHP 20,000. With a user-friendly application process, attractive loan terms, and transparent operations, PesoRedee ensures a positive borrowing experience.
By prioritizing convenience, transparency, and minimal requirements, PesoRedee caters to the financial needs of Filipinos. Whether you require funds for emergencies or personal expenses, PesoRedee offers a viable solution for obtaining quick loans online.
