PesoRedee reviews

https://loansonlinee.com/PesoRedee
PesoRedee reviews
  • Easy to apply
    5
  • Approval time
    4
  • No hidden condition
    4
  • Renewal rules
    4
  • Service quality
    5
  • Customer support
    5
Contact information
Phone number: -
Sсhedule:
24/7

PesoRedee PH is a digital financial platform that offers a new way for Filipinos to access loans. Without the need for collateral or long waits, you can apply for a fast loan around the clock.

PesoRedee

If you need urgent funds, just apply now and get approved within 24 hours! With PesoRedee, there is no need to go through tedious processing or provide collateral – just fast and convenient access to cash.

About PesoRedee PH

PesoRedee PH is a loan provider leveraging financial technology to streamline and simplify the lending process. Their entire operation is conducted online, eliminating the need for physical visits or navigating a complex approval procedure.

Their primary focus is on delivering swift and straightforward financial solutions to Filipinos, without any requirement for collateral or protracted waiting periods. Furthermore, PesoRedee continually explores novel and inventive approaches to meet their customers’ needs and offer top-notch loan products.

With a dedicated commitment to transparency and upholding rigorous business ethics, PesoRedee is unquestionably a trustworthy company you can rely on.

Loan parameters
  • Loan amount
    1.000 - 30.000 PHP
  • Interest rate
    0,39 per day
  • Term
    90 - 180 days

Is PesoRedee Legit?

To meet the legal obligations, any financial institution conducting operations in the Philippines is required to secure the appropriate authorization from the Securities and Exchange Commission (SEC), responsible for supervising and governing financial activities in the nation.

You can access a comprehensive roster of accredited companies, thoroughly evaluated and considered reliable by the SEC, on their official website:

  • list of lending companies with certificate of authority;
  • list of financing companies with certificate of authority.

Our examination indicates that PesoRedee has satisfied all requisite criteria and complies with the rigorous regulations set forth by the SEC.

Who is eligible for a PesoRedee PH loan

To be eligible for a PesoRedee loan, you must satisfy the following conditions:

  1. Applicants must fall within the age range of 22 to 70 years.
  2. It is imperative to either be currently employed or possess a stable source of income.
  3. Ensure that you possess an accepted form of identification, such as a TIN, Passport, PRC, UMID, SSS, or Driver’s License.
  4. Maintain an active and valid bank account or E-wallet account, which can include options like Gcash, Paymaya, or Grabpay.
PesoRedee

Credit Limit and Maximum Loan Amount

The credit limit or maximum loan amount accessible through PesoRedee is contingent upon several factors, including your creditworthiness, income, and repayment history. The specific borrowing amount may differ from person to person. To ascertain your precise credit limit, you will need to complete the application process and receive an offer tailored to your individual circumstances.

It is important to note that while the advertised maximum loan amount is PHP 30,000, the offered loan amount is determined by your eligibility, and responsible borrowing and prompt repayments can contribute to increasing your credit limit over time.

PesoRedee First Loan

Interested in the initial loan amount available through PesoRedee and how much you can borrow for your first loan? For first-time applicants, the initial loan limit with PesoRedee typically falls within the range of PHP 1,000 to PHP 7,000. When considering your borrowing capacity for your inaugural loan with PesoRedee, the range is influenced by various factors, including your creditworthiness and other eligibility criteria.

Once your loan is approved, you can expect to receive the funds within 5 minutes via InstaPay, ensuring swift access to the funds you require for your first PesoRedee loan.

PesoRedee

PesoRedee Reloan

For borrowers with a strong payment history like yourself, PesoRedee extends the opportunity to obtain a second loan, commonly referred to as a «reloan».

Curious about the amount you can borrow for a Pesoredee second loan? You can access up to PHP 30,000. PesoRedee welcomes repeat loans and streamlines the process for your convenience.

To apply for your PesoRedee 2nd loan, simply click the ‘Repeat Loan’ button on the PesoRedee loan application/website or follow the link provided in the SMS notification. This makes obtaining your desired Pesoredee reloan as easy as a few clicks.

PesoRedee Loan Extension

In the event of unforeseen circumstances beyond your control and not attributable to you, PesoRedee offers the option of a Pesoredee loan extension. This extension allows you to prolong your payment due date by an additional 14 days, offering valuable flexibility during challenging times.

If you’re wondering how to request an extension for your PesoRedee loan, the process is straightforward. Contact customer support, and they will guide you through the steps to request a Pesoredee payment extension. We understand that life can present unexpected challenges, and this option is designed to assist you during such moments.

How To Apply Loan Online In PesoRedee

If you wish to apply for a loan through PesoRedee, please adhere to these straightforward instructions:

  • Step 1: Go to the PesoRedee website or mobile app and access the online calculator. Choose your preferred loan amount and loan term.
  • Step 2: Complete all necessary information accurately.
  • Step 3: Await approval. PesoRedee will either send you a confirmation SMS or may reach out to you for additional verification.
PesoRedee

By following these uncomplicated steps, you can swiftly and conveniently apply for a loan with PesoRedee.

PesoRedee Loan Interest Rates

To begin with, PesoRedee provides an attractive interest rate structure. This fintech firm places a strong emphasis on transparency, ensuring that you are fully aware of your interest costs right from the start. Your specific interest rate may vary depending on your creditworthiness and the particular type of loan you are seeking. PesoRedee PH customizes its rates to suit your individual circumstances, ensuring that you receive a fair and tailored offer.

We will guide you through the details of PesoRedee Philippines’ loan interest rates, enabling you to make informed choices regarding your financial requirements.

Loan Type Interest Rate Specifics
First Time Applicant 0% interest rate with no service fee
  • Up to PHP 7,000
  • No hidden charges
  • 3 to 6 months loan term
  • If the loan remains unpaid after the initial period, a daily service fee will be charged based on the initial service fee and the number of days beyond the loan term.
Repeated Loan/Installment Loan 11,9% per month with 143% APR
  • Up to PHP 30,000
  • 3 to 6 months loan term
  • The loan interest rate applies when the borrower misses the due date indicated on the repayment notice, and it is charged against the outstanding loan.
  • Interest accrues monthly at the start of each payment period, with the calculation based on a portion of the loan amount.

How to Cancel Your PesoRedee Loan

Once your loan application is approved by PesoRedee PH, it’s important to note that, in normal circumstances, canceling the loan or refusing the disbursement of funds without prior approval is not a straightforward process.

If you’re wondering how to cancel a loan with PesoRedee, please keep in mind that any associated charges or fees for cancellation or prepayment must receive approval from the lender. The decision to approve or deny such a loan cancellation request is at the discretion of the company, based on what they consider most suitable for the situation. If you have inquiries about the loan cancellation process at PesoRedee, do not hesitate to contact their customer support for guidance and assistance.

How to Increase Your PesoRedee Loan Limit

Boosting your PesoRedee loan limit is a simple process that offers you greater financial flexibility when needed. Here’s a brief guide on how to expand your PesoRedee loan limit:

  1. Responsible Repayment: Ensure timely loan payments and adhere to the terms of your existing loan.
  2. Build Trust: Establish a track record of trustworthiness and reliability with PesoRedee.
  3. Gradual Increases: After successfully repaying your initial loan, you may receive offers for larger loan amounts in subsequent applications.
  4. Check Eligibility: Periodically assess your eligibility for a loan limit increase through the PesoRedee app or website.
  5. Contact Customer Support: If you have specific questions regarding increasing your PesoRedee loan limit, don’t hesitate to get in touch with their customer support team.

Consequences of Non-Payment on Your PesoRedee Loan

Failure to make timely payments on your PesoRedee loan can result in the following:

  1. Late Payment Fees: Additional charges imposed for delayed payments.
  2. Impact on Credit Score: It may have a detrimental effect on your credit score, potentially affecting your ability to obtain future loans.
  3. Collection Efforts: PesoRedee may enlist the services of collection agencies to recover outstanding payments.
  4. Legal Action: In severe cases, legal action may be pursued to recover the outstanding debt.

To prevent these consequences, it is advisable to communicate with PesoRedee if you encounter difficulties in making payments. They may offer solutions such as loan restructuring to assist you in effectively managing your loan.

PesoRedee Charges and Fees

Regarding the service fee, it is explicitly stated in your loan application and should be paid alongside the loan principal, interest, and any other fees outlined in your Notice of Approval. Here’s some good news for first-time applicants: you won’t need to be concerned about any PesoRedee processing fees. As for all applicants, you have the option to select your preferred method of receiving funds through third-party channels. However, please be aware that the method you choose may come with additional fees, so opt for the one that best suits your preferences.

PesoRedee Reviews

Customers have consistently awarded PesoRedee Philippines with high ratings and provided positive feedback.

PesoRedee

Benefits:

  • Prompt Loan Repayment Rewards: Repay your loan punctually and unlock the potential to borrow up to ₱20,000 on subsequent loans, along with other enticing advantages.
  • Effortless Application Process: No requirement for collateral, only one valid ID is necessary, and there’s no need for payslips or proof of billing.
  • Swift Approval and Fund Disbursement: Receive a decision within minutes and have the funds deposited into your account in less than 5 minutes, 24/7, even on holidays.
  • Adaptable Repayment Options: In case unforeseen circumstances arise beyond your control, you have the option to request a 14-day extension, providing flexibility when you need it most.
  • Transparent Fee Structure: Access a comprehensive breakdown of costs upfront and utilize the calculator to estimate fees before making a decision, ensuring transparency throughout the loan process.

Customer support

PesoRedee is committed to improving credit services for the people of the Philippines and places a strong emphasis on delivering exceptional customer assistance. While there isn’t a dedicated PesoRedee Philippines hotline available, you can easily reach their customer support team through live chat during their convenient office hours, which are from 8:00 am to 5:00 pm, Monday through Friday. Additionally, you have the option to contact them via email at [email protected].

PesoRedee reviews
Borrower requirements
  • You must be 18+
  • Filipino Residents or permanent resident
  • Have regular income
  • Have an active bank account
Obtaining methods
  • Bank account
  • Credit or Debit card
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Your comment

Angelica Torres
18 January 2024
This online loan service is a godsend for those who value their time. All procedures are simplified as much as possible, and the support service is always ready to help.
Ricardo2023
24 November 2023
I was pleasantly surprised by how user-friendly this platform is. The process for my personal loan was transparent, and there were no hidden fees, which I really appreciate.
Testimonials
Testimonials
Tubongbanua
5.0
Tubongbanua
Once there was not enough money to the salary, I had to apply for a loan. Filled out an application online and provided data. The loan was approved within 20 minutes. Fast and transparent. I recommend!
Arlene Francisco
4.5
Arlene Francisco
I used online loans twice. The conditions are human, they don’t call again, write to the mail or SMS. Application is still convenient, I think that it is even better than that of some banks, it is convenient for the user.
Roger Williamson
4.5
Roger Williamson
I went there on the advice of a friend and did not regret it. Everything corresponds to the stated conditions!
Rodrigo Antonio
4.0
Rodrigo Antonio
I have been using it for a long time, they really help out, everything is clear
Elizabeth Mizell
5.0
Elizabeth Mizell
Easy to choose the one that suits your requirements among the large list of credit companies.
Jaunita Ernser
4.5
Jaunita Ernser
It is convenient to issue micro loans for small expenses. Low interest rates and favorable terms for short terms.
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