PesoQ Loan App Philippines: Review, Loan Info, Complaints and More

In the dynamic landscape of finance, the emergence of online lending platforms has revolutionized how individuals manage their financial needs. Among these platforms, Pesoq Loan has garnered considerable attention as a dedicated provider of unsecured online loans, catering to the diverse financial requirements of Filipinos.

In this article, CashLoanPH delves into the various facets of Pesoq Loan, including its legitimacy, benefits, application process, interest rates, loan terms, payment methods, customer service, user experiences, and an analysis of customer feedback.

Loan App PesoQ Loan
Loan Amount max 10,000 PHP
Loan Term max 210 days
SEC Registration No. CS201816691


What is PesoQ Loan?

As economic uncertainties continue to persist, individuals often find themselves grappling with financial concerns and seeking reliable solutions. PesoQ Loan emerges as a beacon of hope, offering a platform specially tailored to provide unsecured online loans in pesos.

Whether it is a desire to purchase a new phone or address other significant expenses, PesoQ Loan aims to address these monetary challenges effectively. Crucially, PesoQ is a reputable entity registered with the Securities and Exchange Commission (SEC), ensuring that its interest rates are legally approved and that it operates within the framework of the law.

Is PesoQ Loan Legit?

When engaging in financial transactions, legitimacy and credibility are of paramount importance. To verify the authenticity of PesoQ Loan, one must look to the Securities and Exchange Commission (SEC), which governs financial companies operating in the Philippines.

Delving into the official SEC website, PesoQ Loan is found among the reputable lending companies listed. Armed with registration number CS201816691 and Certificate of Authority 2739, PesoQ Loan successfully complies with all necessary regulatory inspections, making it a legitimate and legally operating entity in the Philippines. This assurance fosters a sense of trust and confidence in PesoQ Philippines as a provider of advanced financial services.

PesoQ Benefits

  • Unsecured Loans: PesoQ Loan prides itself on being an entirely unsecured platform for online lending, eliminating the need for collateral. This ensures accessibility to loans with only a credit card number required for processing.
  • User-Friendly Interface: Recognizing the significance of ease and convenience, PesoQ Loan has developed a user-friendly app. This app enables borrowers to access quick loans without the need to venture outside their homes or sign physical documents. The application process is streamlined, ensuring a seamless and hassle-free experience. In case of queries or concerns, PesoQ Loan offers dedicated customer support through a contact number, +639 271160484, where helpful operators are readily available to assist.
  • Quick Approval: PesoQ Loan endeavors to expedite the loan approval process. Depending on the payment system of the borrower’s bank, approval can occur within as little as 1 minute to a maximum of 24 hours.
  • Privacy and Security: PesoQ Loan is committed to safeguarding user information, promising not to disclose personal data to third parties without obtaining prior consent from the borrower.
  • Convenient Payment Options: Recognizing the importance of flexible repayment methods, PesoQ Loan offers various payment options. Borrowers can make loan repayments through online banking, payment centers such as 7-11 and M. Lhuillier, bank transfers, and electronic wallets like GCash,, and CLiQQ.

How to Apply for a Loan with PesoQ?

The accessibility of loans without collateral or credit checks is a significant draw for borrowers. PesoQ Loan caters to individuals with less-than-perfect credit scores, offering them the opportunity to apply for quick cash.

To be eligible for a loan, applicants must meet specific criteria, including Filipino citizenship, a minimum age of 21 years, possession of a valid government-issued ID, a landline phone number (office or residence), and a bank account. Additionally, PesoQ Loan requests proof of employment, such as an Employee ID card, payroll slip, Employment Certificate, or Income Tax Return (ITR).

How to Get a PesoQ Loan?

Positioning itself as one of the pioneering online lending platforms in the Philippines, PesoQ Loan extends its services to individuals aged 18 years and above, provided they possess a stable mobile phone number and a reliable source of income. As an incentive to potential borrowers, PesoQ Loan rewards those who provide comprehensive data with an enhanced credit rating, thereby increasing the loan amount and term.

The application process consists of four straightforward steps: downloading the PesoQ app, completing the loan application form with reliable details, awaiting application review, and finally receiving the approved loan through bank transfer, electronic wallet, or other convenient methods.

How Much Can I Borrow from PesoQ?

The advertised loan amounts by PesoQ Loan span from P4,000 to P30,000. However, on their official website, PesoQ Loan sets a maximum loanable amount of P10,000. It is crucial to note that the approved loan amount may differ from the advertised range, as it depends on individual circumstances and creditworthiness.

Prospective borrowers are advised to carefully review and understand all potential deductions, fees, and hidden costs before proceeding with the loan application to avoid any unwelcome surprises.

What are PesoQ’s Interest Rates?

The interest rates offered by PesoQ Loan can vary, with the app displaying rates of 0.99% per day for 7-day and 14-day repayment terms. However, external sources, such as ads and PesoQ review sites, may cite interest rates ranging from 0.13% to 0.6% per day.

It is essential for borrowers to be aware that PesoQ Loan levies additional fees on top of the interest rate, including Credit Assessment Fee (7%), Platform Management Fee (10%), and Transfer Charge (6%). As a result, borrowers may receive only around 80% of the approved loan amount after deductions.

What are PesoQ’s Loan Terms?

PesoQ Loan is reputed to offer extended repayment terms ranging from 91 to 365 days, providing borrowers with greater flexibility.

However, it is essential to acknowledge that numerous loan approvals may grant borrowers a shorter repayment period of just 7 days, with longer terms applicable only during the renewal period.

Potential borrowers are advised to assess their financial capacity diligently and ensure that they can comfortably repay the loan within the initially provided period to avoid any complications.

PesoQ’s Loan Example

or the PesoQ loan product example, let’s consider a loan limit of ₱8,000 with a period of 150 days (5 months). The daily interest rate is 0.05%, and the transaction fee is ₱25. However, there are no service fees or other additional fees. Here’s a detailed breakdown of the repayment plan:

  1. Service fee: Since there is no service fee for this loan product, it is 0.
  2. Amount in hand: To calculate the amount you’ll receive in hand, subtract the transaction fee from the loan amount: Amount in hand = ₱8,000 – ₱25 = ₱7,975.
  3. Total interest fees: The total interest fees can be calculated based on the daily interest rate for the entire loan period (150 days). We’ll use the formula: Total interest fees = Loan amount * (Daily interest rate * Loan period in days / 365). Total interest fees = ₱8,000 * (0.05% * 150 / 365) ≈ ₱123.29 (rounded to two decimal places).
  4. Monthly interest: To find the approximate monthly interest amount, we’ll use the daily interest rate and multiply it by the number of days in a typical month (30 days). Monthly interest = ₱8,000 * 0.05% * 30 ≈ ₱12 (rounded to two decimal places).
  5. Total repayment bill at the due date: The total amount to be repaid at the due date will be the sum of the loan amount and the total interest fees: Total repayment bill = ₱8,000 + ₱123.29 ≈ ₱8,123.29 (rounded to two decimal places).
  6. Monthly repayment bill: To determine the monthly repayment amount, divide the total repayment bill by the number of months in the loan period (5 months): Monthly repayment bill = ₱8,123.29 / 5 ≈ ₱1,624.66 (rounded to two decimal places).

So, based on this example, if you choose a loan limit of ₱8,000 with a period of 150 days (5 months), the total amount you’ll need to repay at the due date will be approximately ₱8,123.29, and the monthly repayment bill (including the principal and interest) will be around ₱1,624.66.

How to Make Payments with PesoQ?

Recognizing the significance of offering diverse payment options, PesoQ Loan enables borrowers to make loan repayments through a variety of channels. These include popular e-wallets such as GCash,, and CliQQ, online banking, and offline remittance centers like MLhuillier, RD Pawnshop, and LBC.

PesoQ Customer Service

In line with delivering a superior customer experience, PesoQ Loan offers multiple channels for customers to seek assistance. The fastest and most efficient method to get in touch with PesoQ agents is through the app’s built-in online customer service feature.

For those who prefer alternative methods of communication, PesoQ Loan can be reached via phone at +63 9271160484 or by emailing [email protected].

PesoQ Complaints

Like any prominent player in the online lending app space, PesoQ Loan has faced customer complaints from time to time. The primary reasons behind these grievances revolve around the perceived high-interest rates and hidden fees charged by the company.

Some borrowers have expressed discontent, claiming that PesoQ Loan fails to disclose all terms and conditions transparently, leading to difficulties in loan repayment and unexpected additional charges.

Additionally, a few customers have raised concerns about the aggressive debt collection tactics employed by certain agents, which some find intrusive and unprofessional.


As a popular online lending platform, PesoQ Loan has earned an average rating of 4.4 stars from a substantial customer base. While this rating may appear promising, a deeper analysis of customer feedback reveals a mixture of positive and negative experiences. While some customers laud PesoQ Loan for its swift application process and speedy loan approval, others express discontent with the perceived high-interest rates, service fees, and the lack of transparency regarding loan terms and conditions. Additionally, a few customers have reported instances of loan approval without receiving the funds, further highlighting the need for vigilance.


In conclusion, PesoQ Loan stands as a viable option for Filipinos seeking quick and accessible online loans. However, potential borrowers must exercise caution and conduct due diligence by thoroughly reviewing all fees, charges, and terms before proceeding with their loan applications. Armed with an awareness of all relevant details, users can make well-informed financial decisions that align with their unique needs and circumstances. As with any financial endeavor, prudence and knowledge are key to ensuring a positive and fruitful experience with PesoQ Loan.

5/5 - (11 votes)

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