PeraMoo is an esteemed loan app available for download on Google Play. With its impressive 4.5-star rating and over 500K+ downloads, PeraMoo is the go-to platform for individuals seeking reliable and convenient financial solutions. Operated by Magician of Money Lending Corp., a reputable company complying with Philippine law (SEC Registration No. CS201918391 and CA Number 3157), PeraMoo strives to cater to the diverse financial needs of its customers.
In this comprehensive article, CashLoanPH will delve into the details of PeraMoo’s loan offerings, loan requirements, application process, and contact information.
| Loan App | PeraMoo PH |
| Loan Amount | up to PHP 10 000 |
| Loan Term | max 360 days |
| SEC Registration No. | CS201918391 |
Is Peramoo loan app is legit?
Yes, Peramoo loan app legit! Peramoo loan app stands as a reputable online lending platform for financial institutions. If you find yourself uncertain, here are some compelling reasons to trust the legitimacy of Peramoo.
First and foremost, it is essential to note that any financial institution operating in the Philippines must strictly adhere to government-imposed laws and regulations. Compliance with these regulations serves as the primary requirement. In this regard, Peramoo has fulfilled the necessary obligations.
As proof of their legitimacy, Peramoo, operating under the company name “Magician of Money Lending Corp.,” has formally registered their business with the Securities and Exchange Commission (SEC). The SEC’s official website verifies this information, with Peramoo’s registration number listed as 09656427825.
This concrete evidence definitively confirms that Peramoo is a fully legitimate lending platform, leaving no room for doubt.
PeraMoo Loan Production
At PeraMoo, they understand the importance of flexibility in meeting your financial needs. Here are the key features of their loan production:
- Loan Amount: PeraMoo offers loan amounts ranging from ₱2,000 to ₱10,000. You can choose the loan amount that best suits your requirements and repayment capabilities.
- Loan Term: Range from a minimum of 91 days to a maximum of 360 days. You have the freedom to select a loan term that aligns with your financial goals.
- Minimum Repayment Term: PeraMoo ensures that you have ample time to repay your loan. The minimum repayment term is set at 91 days, providing you with a reasonable timeframe.
- Maximum Repayment Term: With a maximum repayment term of 360 days, PeraMoo allows you to spread out your repayments over an extended period, providing greater flexibility.
- Minimum Annual Percentage Rate (APR): PeraMoo offers a competitive minimum Annual Percentage Rate (APR) of 10%. This ensures that your loan is accompanied by affordable interest charges.
- Maximum Annual Percentage Rate (APR): maximum APR is set at 26%. While providing you with the financial support you need, ensure that interest charges remain fair and transparent.
- Service Fee: To cover administrative costs, Peramoo deduct a one-time service fee ranging from 5% to 15% upon loan disbursement. The specific fee depends on the evaluation of your risk profile.
- Other Fees: PeraMoo does not impose any additional fees, making it easier for you to manage your loan repayments.
PeraMoo Loan Example
Let’s consider an example to help you understand the loan process and associated costs more effectively. Suppose you borrow ₱7,000 with the following terms:
Loan Term: 150 days Annual Percentage Rate (APR): 18% Service Fee: 8%
Based on these parameters, here’s a breakdown of the costs:
Interest Fee: ₱525 (₱7,000 * 18% / 360 * 150) Service Fee: ₱560 (₱7,000 * 8%) Total Payment: ₱8,085 (₱525 + ₱560 + ₱7,000) Monthly Interest: ₱105 (₱7,000 * 18% / 12) Monthly Repayment: ₱7,105 (₱7,000 * 18% / 12 + ₱7,000)
By understanding these figures, you can make informed decisions about borrowing from PeraMoo.
Loan Requirements
To qualify for a loan with PeraMoo, you must meet the following eligibility criteria:
- Be at least 18 years old: PeraMoo ensures that borrowers are adults, as this signifies their legal capacity to enter into financial agreements.
- Be a citizen of the Philippines: Our services are exclusively available to Filipino citizens, ensuring compliance with local regulations.
- Have a stable income: Demonstrating a stable income stream is crucial to ascertain your ability to repay the loan responsibly.
Meeting these requirements positions you favorably for loan approval.
How to Apply for a Loan
Applying for a loan with PeraMoo is a hassle-free process. Follow these simple steps to initiate your loan application:
- Step 1: Download PeraMoo from Google Play and register using your phone number. This initial step grants you access to the loan application platform.
- Step 2: Fill out the PeraMoo application form. Provide accurate information and ensure that all fields are completed correctly. This helps streamline the loan review process.
- Step 3: Await the cash loan review results. PeraMoo aims to review applications promptly, minimizing any waiting time.
- Step 4: Once approved, claim your personal loan. You will receive the funds directly, allowing you to address your financial requirements swiftly.
The application process is designed to be efficient and user-friendly, providing a seamless experience for our customers.
Contact PeraMoo
For any further inquiries or assistance, you can reach out to PeraMoo using the following contact information:
Magician of Money Lending Corp
- Email: [email protected]
- Contact Number: 09656427825
- Address: 1806 Cityland Pasong Tamo Tower, 2210 Chino Roces Ave, Pio Del Pilar, Makati City
- Website: https://peramoo.com/
Their dedicated team is available to address your concerns promptly and provide the support you need throughout your loan journey.
Conclusion
PeraMoo serves as your trusted online platform for accessing Peso cash loans. With a commitment to offering flexible loan options, competitive rates, and a user-friendly application process, PeraMoo stands as a reliable financial solution provider.
By visiting PeraMoo official website or contacting our support team directly, you can gain more comprehensive details about their services. Choose PeraMoo for your financial needs and experience a streamlined loan process that puts your requirements first.
