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Pera247's application

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How to apply?

Borrowers seeking instant cash can get a quick loan from Pera247 upon registering an account with the company and submitting a duly filled online form during a loan application. After creating an account, you will receive an email notification and an SMS from Pera247 confirming your eligibility to borrow a loan. Whether a new or repeat borrower, you can access different loans and increase your loan limits every time you repay an existing loan. Besides, the company allows borrowers to enjoy a fast and convenient process of applying for a loan and provides a transparent long term without hidden fees.

You can use an online calculator when calculating the interest that you will repay and understand the full cost of each loan product before you sign a loan agreement with the online lender. When applying for a loan, lenders must check the loan term of the products they are seeking and provide personal requirements, including their registered phone numbers and banking information. Before getting a loan, you need to follow this procedure to apply:

  1. Open the Pera247 mobile loan app
  2. Confirm which loan you would like to apply for
  3. If you are seeking an instant loan product, for example, tap Apply for an InstantLoan
  4. Answer a few questions regarding your loan application
  5. Choose the amount of loan you would like to request
  6. Choose payment terms
  7. Proceed to verify your identity
  8. Check and confirm the appropriate terms of the loan (such as interest rates and repayment schedules)
  9. Wait for approval
  10. You can check your loan status in the Pera247 app
  11. Once approved, you can receive your cash from different locations nationwide

Requirements

To apply for any loan product, you must first meet the eligibility criteria stipulated by the lending corporation. Pera247’s application does not entail much paperwork. For example, when applying for an instant loan, you only need an ID and a selfie. Besides, no proof of income is necessary when applying for an instant loan. Other preliminary requirements to access other loan products include the following:

  • You must have a government-issued valid ID such as TIN ID, Social Security System ID (SSS ID), Unified Multi-Purpose ID (UMID), driver’s license, or PhilSys ID.
  • You must have a stable income stream to apply for an installment loan.

Application details

Applying for a Pera247 loan is a simple process. The lender takes about one business day to review and approve your loan once your application is complete. However, you must ensure that your application details are correctly matched with the type of loan you are applying for. Failure to supply the correct documents or application details when applying for any type of loan will automatically disqualify the loan you have applied for from Pera247. Besides, submitting invalid personal information during an application can lead to your account getting disabled.

Pera247 application

FAQ

How long are applications considered?

The Pera247 loan approval process takes a few minutes for an instant loan after you supply all the information needed to approve your financing amount. Other cash loans can take about 24 hours after you've submitted the required application form and attached the relevant documents needed for the chosen loan product. Once the application is approved, your money will be sent instantly or within the same day.

How trustworthy is Pera247?

Pera247 is a legit digital lending company having passed SEC registration and is licensed to operate in the Philippines.

Does Pera247 verify income?

Pera247 does not verify your income if you apply for an instant loan. However, you will be required to show proof of income if you apply for an installment loan.

Does Pera247 loan hurt your credit score?

Failing to repay your loan as agreed upon might affect your credit score. Pera247 helps borrowers avoid this by offering a simple repayment plan.

Financial products

Pera247
Instant 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
1000 - 15000
Rate
i

Effective interest rate on the product

up to 6% per month
Term
i

Loan term for the financial product

up to 30 days

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Pera247 loans calculator

Calculate loan payments in Pera247. Loans calculator will allow you to calculate an approximate payment schedule for the loan

Pera247 calculator
Interest rates are given in accordance with the rates of the Pera247 in Manila as of 09.12.2022
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50000 ₱
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What to pay attention to when applying for a loan at Pera247?

Recommendations

What distinguishes Pera247 from a bank:

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