Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

24 Pera

Advertiser Disclosure

About lender

24Pera is one of the quick loan providers in the Philippines. Their main branch is at 52 Bayani Road, Fort Bonifacio Taguig City. The financial company does the task of providing quick financial assistance without personal visits to offices and long expectations.

The company is a Philippine-based lender that offers individual loans to residents of the Philippines through the Internet. It is one of the popular credit companies whose loan-providing service operates 24 hours a day, seven days a week, without breaks on holidays and weekends. In the event that the loan is not paid, the corporation has a policy in place that comes in.

Pros and cons

Before borrowing money from any lender it’s important to know every aspect. Following are some pros and cons of 24Pera to know better about their services.

Pros

  • Service works 24x7, including holidays and weekends
  • All your personal data is stored in an encrypted form
  • Convenient methods of transactions

Cons

  • The interest rate is higher compared to competitors. (365% per year)
  • The loan period is short, that is 365 days maximum.

Loan conditions

To be eligible for the loan, the applicant should be a Filipino citizen of at least 18 years of age. They should have a good credit history and a valid contact number, address, and email. The applicant must also have a valid government-issued ID. Although the bank's borrower requirements do not include good credit history, the applicant should have a decent credit history along with a valid bank account for receiving money. The first loan up to ₱100,000 is given at a rate of 0% in case of timely repayment. Similarly, the interest rates on loans range from 30% to 360% per annum. The rate of interest on consumer loan types and credit cards ranges from 17% to 31% per annum depending on the payment terms respectively.

Funding a loan

A borrower can apply for a loan of a minimum of ₱1000 and a maximum of ₱100,000, for the term ranging from 61 days to 365 days. with an interest rate of 1% per day. For example, a loan of ₱1,000 is issued for 61 days with the extension of the contract. In 365 days below the contract, the rate is 1% per day (the annual rate will be equal to 365%).

If the loan is not repaid in time, the penalty imposed amount 0.10% of the delay amount per day, but it can not exceed 10% of the loan amount. Prolongation of the loan terms is possible in case of timely reporting to the lender (in advance of the loan repayment due). Besides, a borrower needs to pay interest for the initial loan term.

No other commissions for extending the loan are applicable. The total interest for this year is ₱3,650. (1,000 x 365% = 3,650). The approval of the loan application is done within 10 minutes. The applicant can visit the company’s website, and click on Apply now after filling in the name, phone number, and email address.

24 Pera

FAQ

What is 24Pera?

24Pera is a Philippine-based lending institution that offers individual consumer loans online to residents of the Philippines through the internet. 

Who owns 24Pera?

24Pera itself is a standalone company that solely runs the business of online lending.

How do you qualify for 24Pera?

The applicant must be a Filipino citizen of at least 18 years of age to be considered for a loan offered by this microfinance company. They must meet personal requirements like decent credit history, current phone number, address, and email address. A valid government-issued ID is also required of the applicant.

Is 24Pera a legitimate company?

Yes, this company works in the legal field, so you can be assured that they are legitimate lenders. However, we did not find the company 24Pera in the list of registered organizations on the Securities and Exchange Commission website. If you decide to contact them for services, carefully check all documents, it may not be safe.

What is the maximum personal loan amount?

The company offers a maximum loan of up to ₱100,000. It takes around 1 business day to process the loan and receive money.

For what period can I take out a personal loan?

24Pera offers short-term loans ranging from 61 days to 365 days.

What are the requirements for personal loans?

To apply for individual loans, the applicants must provide two valid government-issued IDs, the address of workplace, names and addresses of two colleagues and relatives, and the date of the next payday.

What is the longest personal loan term?

The company offers loans for the longest term of 365 days.

Company documents

Privacy Policy
Terms and conditions

24 Pera available areas

  • Ilocos Region
  • Cagayan Valley
  • Central Luzon
  • CALABARZON
  • MIMAROPA Region
  • Bicol Region
  • Western Visayas
  • Central Visayas
  • Eastern Visayas
  • Zamboanga Peninsula
  • Northern Mindanao
  • Davao Region
  • SOCCSKSARGEN
  • Caraga
  • National Capital Region
  • Cordillera Administrative Region
  • BARMM
24 Pera available areas

Financial products

24 Pera
24 hours loan to card
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1000 - 100000
Rate
i

Effective interest rate on the product

0% - 1.28% per day
Term
i

Loan term for the financial product

61 - 365 days

Similar products

DIGIDO
Instant online loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4
Recommended FinScore™
0
300
650
1000
₱25000
Rate
i

Effective interest rate on the product

11,9% per month
Term
i

Loan term for the financial product

6 months
Kviku
Online Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱25000
Rate
i

Effective interest rate on the product

up to 0.16% per day
Term
i

Loan term for the financial product

180 days
MoneyCat
Instant cash loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱20000
Rate
i

Effective interest rate on the product

11,9% per month
Term
i

Loan term for the financial product

6 months
Finbro
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱1,000 - ₱50,000
Rate
i

Effective interest rate on the product

up to 0.6% per day
Term
i

Loan term for the financial product

up to 12 months
OFBank
Multi-purpose loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

24 Pera loans calculator

Calculate loan payments in 24 Pera. Loans calculator will allow you to calculate an approximate payment schedule for the loan

24 Pera calculator
Interest rates are given in accordance with the rates of the 24 Pera in Manila as of 03.12.2022
Loan amount
i

Enter the desired loan amount

PHP
PHP
10000 ₱
100000 ₱
Loan term
i

Specify the loan term for the calculation

days
months
61
365
City

What to pay attention to when applying for a loan at 24 Pera?

Recommendations

What distinguishes 24 Pera from a bank:

Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All 24 Pera’s reviews by december 2022
Leave feedback

Similar companies

Bayad
Business Solutions Center Meralco Complex, Ortigas Avenue 0300 Pasig City, Philippine
+632 8672-5777
GCash
internet only
MOTOPAWN
RABAYA ST. KIMBA CANSOJONG, Talisay, Philippines
+63 949 376 6445
BHF Pawnshop
974 Gen. Kalentong St. Mandaluyong City Metro Manila
(02) 534-5993
PTS Gadget Pawnshop
691 Tandang Sora Ave, Matandang Balara, Quezon City, 1119 Metro Manila
+63 915 505 7703