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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.

Perajet

Advertiser Disclosure

About lender

PeraJet is a microfinance organization offering Filipinos microloans. Legislative documents and the Philippine Securities and Exchange Commission (SEC) oversee the organization's operations.

PeraJet is a lending-focused fintech business. They are an innovative financial technology firm that provides microfinance services to Filipinos over the age of 20 who have regular work and live in Metro Manila or adjacent regions.

PeraJet Lending Corporation is a new service created and delivered in collaboration with experts from the mature European financial sector. This enables them to provide borrowers with a solution that ensures swift cash. The organization is continually investigating the financial sector in order to produce fresh, effective offerings for its consumers. WJA Investments, a European partner, engages with the organization. The services offered by the company are catering to individuals, companies, and entrepreneurs. PeraJet’s lending terms are fairly straightforward and explicit in the contract.

Pros and cons

Applying for a loan is easy because the company offers online application processing. Nevertheless, it's also important to check out all the advantages and disadvantages of the company before you proceed.

Pros

  • There is a calculator on the site, with which you can quickly calculate the monthly payment and overpayment.
  • The company offers online consultation to resolve any issues.
  • The company has a well-established feedback loop which you can analyze before applying.

Cons

  • The company requires you to approve all the processes with their HR department.
  • The company charges high penalties if loans are not paid on time.

Loan conditions

Citizens of the Philippines who are at least 20 years old at the time of the transaction are eligible for a loan. Applicants seeking loans must have a proven monthly income that is not in arrears. The company’s services are only available to people living in Manila City and several of its neighboring provinces. So, applicants may be unable to apply if they live in another province.

You must have two forms of identification and a picture to apply for a loan. You must first submit a photo and one document, which can be a driver's license or any other acceptable alternative. The funds will be sent to the bank account number within 24 hours; no paperwork or visits to the company's physical representative offices are required.

Accepted primary identifiers

  • Passport;
  • Driver’s license;
  • Professional Regulation Commission (PRC) ID;
  • Unified Multi-Purpose ID Card;
  • PRC ID;
  • Voter’s ID/COMELEC ID;
  • Government Service Insurance System (GSIS) e-Card;
  • The Social Security System (SSS) Card

Accepted secondary identifiers

  • Integrated Bar of the Philippines ID;
  • Company ID with name and photo;
  • PAGIBIG/HDMF ID;
  • PhilHealth Card;
  • Postal ID;
  • TIN ID;
  • NBI clearance;
  • Certificate of employment;
  • Credit/savings card;
  • Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID);
  • Department of Social Welfare and Development (DSWD) Certification.

Funding a loan

To take funding, you are required to fill out an application form through their website, which will contain details related to the loan amount and loan terms. To apply, you will have to register on the site, fill in the required application form, and add scanned copies of documents. Then, submit your application for consideration. You will receive a response from the company within 24 hours.

The company offers Salaryjet loanswhere Filipinos can get money through this product within less than 24 hours and can repay the loan in a span of 2–12 biweekly installments. This loan is given on the following conditions:

  • Interest rates: 40.6% per month
  • Minimum loan amount: ₱2,000
  • Maximum loan amount: ₱5,000
  • Payment terms: 3 – 6 months
  • Approval time: 24 hours.

Perajet

FAQ

What is PeraJet?

PeraJet is a digital financial organization that provides loans to Filipinos to help them pay off debts or meet other financial obligations.

Who owns PeraJet?

The company is a fully owned subsidiary and has independent ownership. 

How do you qualify for PeraJet?

To be eligible for application, the applicant must be a Filipino who is at least 20 years old, have verifiable evidence of income, and have no outstanding debts. However, their services are only available inside Manila City and several of its neighboring provinces, so they may be unable to assist you if you live in another province.

How much can you borrow from PeraJet?

The loan approval amounts at PeraJet range from ₱2,000 to ₱5,000.

Is PeraJet a legitimate company?

Yes, PeraJet is a licensed money lending organization. They have SEC’s (Securities and Exchange Commission) approval to perform financial services in the Philippines under license number CS201629480.

What is the minimum amount you can apply for a loan in PeraJet?

The minimum loan amount offered by PeraJet is ₱2,000.

What is the maximum amount you can apply for a loan in PeraJet?

The maximum amount offered by PeraJet for a loan is ₱5,000.

What is the longest loan term offered by PeraJet?

The longest loan term offered by the company is 365 days, or 12 months.

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