Peramoo Loan App Review 2023 | Peramoo Loan App: Real or Fake?

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In this comprehensive review, we will delve into the details of the Peramoo Loan App, a platform that provides quick access to short-term loans for Filipinos. We will explore its features, benefits, requirements, and overall legitimacy, giving you a complete understanding of what the app has to offer.


Mazilla Loan

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
MoneyCat Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

20000 ₱

Approval in

5 minutes

First loan free

no
Zaimoo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Binixo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
Digido Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no

Feature/Benefit- Description

  • Loan Types: Peramoo offers various loan types, including personal loans, business loans, and education loans, catering to diverse financial needs.
  • Loan Amount: Borrowers can avail loans ranging from $1,000 to $50,000, providing flexibility in choosing the loan amount that suits their requirements.
  • Interest Rates: Depending on the loan type and the borrower’s creditworthiness, interest rates range from 16% to 30%, ensuring competitive rates for borrowers.
  • Loan Tenure: The tenure of the loans varies from 3 months to 24 months, depending on the loan type and amount, allowing borrowers to select a repayment period that fits their financial situation.
  • Approval Time: Peramoo ensures a speedy loan approval process, with loans being approved within 24 hours of application, offering quick financial assistance to borrowers.
  • Eligibility Criteria: To be eligible for a loan, applicants must be aged between 21 and 58 years and have a minimum monthly income of PHP 15,000, ensuring accessibility for a wide range of individuals.
  • Loan Disbursal: Funds are directly disbursed to the borrower’s bank account, providing convenience and efficiency in accessing the loan amount.
  • Repayment Options: Borrowers have the flexibility to repay the loan through Equated Monthly Installments (EMIs) via auto-debit or UPI, ensuring convenient repayment methods.
  • Customer Support: Peramoo offers excellent customer support through various channels, including phone, email, and in-app chat, ensuring assistance for any queries or concerns.
  • User Experience: The Peramoo Loan App provides a user-friendly interface, offering a smooth and seamless borrowing experience, making it easier for borrowers to navigate through the application process.

What is Peramoo Loan App?

Peramoo Loan App is an online lending platform that utilizes algorithms to assess borrowers’ financial situations and provide personalized loan options. It eliminates the need for physical visits by allowing borrowers to complete the loan application process online.

How does Peramoo Loan App work?

The loan application process on Peramoo is simple and straightforward. Borrowers need to download the app, create an account, fill out the online form, provide the required information and identification, and submit the application. The app promptly reviews and approves the application, and upon approval, the funds are transferred within 24 hours to the borrower’s designated bank account or e-wallet.

Peramoo Loan App Interest Rate

Peramoo offers a competitive monthly interest rate of 3%. However, borrowers should take note of additional fees, such as account management fees, platform service fees, risk management fees, and credit reporting fees, which may vary based on the loan amount and term.

Is Peramoo Loan App Legit?

Yes, Peramoo is a legitimate lending app. It has undergone thorough testing by the Google Play Store before being listed as an approved app. Users can trust the platform as all transactions are securely encrypted using state-of-the-art technology, ensuring the safety of their financial information. Furthermore, Peramoo has been registered with the Philippine Securities Exchange Commission since November 7, 2019, adding an extra layer of credibility.

How much is the Peramoo Loan App?

Peramoo offers loans ranging from $2,000 to $10,000, with repayment terms varying from 91 to 360 days. Initially, first-time borrowers may be offered a smaller loan amount, but successfully completing and repaying the loan on time can qualify them for larger loan amounts in the future.

Peramoo Loan App Benefits

Peramoo provides several advantages to its users. It streamlines the borrowing process, granting quick access to loans without requiring collateral or a co-signer. Additionally, it caters to individuals with poor credit ratings or no credit history, offering small loans to help them navigate challenging financial situations. Borrowers can easily monitor their loan application status and repayment due dates, ensuring timely payments and avoiding any missed payments.

How to Apply for Peramoo Loan App?

To apply for a loan with Peramoo, borrowers must meet age, citizenship, and documentary requirements. They can then download the Peramoo app and register using their mobile number. Personal information, employment details, proof of income, references, and a valid ID must be provided. Once the required information is submitted, borrowers can choose the desired loan amount and term.

Peramoo Loan App Requirements

  • Filipino citizenship.
  • Minimum age of 18 years.
  • Steady job or regular source of income.
  • Valid ID (passport, driver’s license, UMID, or SSS).

How to Pay Peramoo Loan App?

Peramoo provides multiple payment methods for borrowers’ convenience. Loan payments can be made through online banking, mobile banking, and over-the-counter transactions at banks and payment centers. Accepted payment methods include M Lhuillier, GCash, RD Pawnshop Coins, Maya, GrabPay, and various banks.

Peramoo Loan App Review Features

Flexible Loan Options

The Peramoo Loan App offers a range of loan options, allowing users to apply for loans ranging from $10,000 to $100,000, with repayment terms spanning from 14 to 60 days. This flexibility empowers borrowers to select the loan amount and repayment period that align with their financial needs and capacity.

Competitive Interest Rates

Peramoo Loan App provides competitive interest rates compared to traditional banks and other loan providers. Starting as low as 5% per month, the interest rates ensure affordability for borrowers, making it an attractive option for quick loans without the burden of high-interest rates.

Quick Disbursement of Funds

One of the significant benefits of the Peramoo Loan App is the prompt disbursement of funds. Upon loan approval, the funds are transferred directly to the borrower’s bank account within 24 hours. This feature makes it an ideal choice for individuals requiring immediate funds to cover unexpected expenses or emergencies.

Excellent Customer Service

Peramoo Loan App boasts a dedicated customer service team available 24/7 to address users’ questions and concerns. Users can contact customer service via phone, email, or in-app chat, and the responsive team ensures timely and helpful assistance, guaranteeing a smooth borrowing experience.

Conclusion – Peramoo Loan App

In conclusion, the Peramoo Loan App emerges as a convenient and reliable option for individuals seeking quick loans. With its flexible loan options, competitive interest rates, and prompt fund disbursement, it caters to the diverse financial needs of users. The simplified application process and excellent customer service further enhance the overall experience. For anyone in need of a hassle-free loan experience, we highly recommend utilizing the Peramoo Loan App.

5/5 - (9 votes)

7+ Fast Loans Online in the Philippines - First 0% loan in 15 minutes

Finloo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Mazilla Loan

Loan type

Short term

For a period of

728 days

Rate ()

365.00% / year

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
MoneyCat Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

20000 ₱

Approval in

5 minutes

First loan free

no
Zaimoo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
CashSpace Loan

Loan type

Short term

For a period of

120 days

Rate ()

0.00% / month

Loan amount

25000 ₱

Approval in

5 minutes

First loan free

no
Binixo Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
Digido Loan

Loan type

Short term

For a period of

180 days

Rate ()

0.00% / day

Loan amount

25000 ₱

Approval in

15 minutes

First loan free

no
mr.cash loan Changed status to publish June 6, 2023