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Rating by Finanso®
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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.

PesoQ

Advertiser Disclosure

About lender

PesoQ is one of the few financial platforms in the Philippines that offers a 24/7 online cash loan from anywhere in the country. PesoQ has been operating in the Philippines since 2018, and is owned by U-Peso Lending Investors Corp.

PesoQ is a financial institution that provides Filipinos with fast cash loans. Available to all Filipino citizens via its mobile app, the loan is unsecured, so no collateral is required. It is a safe and private financial technology product that protects customers’ privacy. PesoQ is registered with the SEC, and its interest rates are approved by the law.

Pros and cons

Before you apply for any loan, you should be cautious and weigh the benefits and drawbacks of each company as this will help you make a wise decision.

Pros

  • It is a platform for online unsecured loans that only requires a credit card number. At PesoQ, you can get a loan at a low interest rate.
  • It is very easy to use; you just need to download the PesoQ app: no signatures needed, no collaterals, and no need to leave your house.
  • Your application will be approved as soon as possible, but depending on the payment system of the bank you choose, it may take from 1 minute to 24 hours.
  • They protect all user information and will never transfer your personal data to third parties without your prior consent.
  • Repaying a loan is simple; you can make payments through online banking, minimarket (7-11, M. Lhuillier), bank transfer, electronic wallet (GCash, Coins.ph, CLiQQ, etc.), and others at your own convenience.

Cons

  • The loan is only short-term.
  • Their maximum loan amount is only ₱20,000.
  • All first-time borrowers can't expect to have an extended loan term, some of them only have seven days to repay the loan.
  • Like any other online lending, they also have rude collecting agents.
  • Their interest rates are high.

Loan conditions

The borrower must be a Filpino citizen between 18 and 65 years old and have a stable, verifiable source of income to qualify for a loan. They will also have to provide a government-issued ID to verify their identity. Once the loan application is approved, the borrower receives credit funds into the account specified in the application. The company advises its clients to pay their bills on or before the due date to avoid paying late payment fees and warns them that late payments may affect their credit history. The company values the convenience of its customers, and thereby offers a variety of payment methods.

Funding a loan

PesoQ lending is one of the Philippines' finest online lending platforms. The minimum credit amount is 5,000, the maximum credit amount is 20,000, and the annual interest rate ranges between 24% and 28%. Use a loan calculator to determine your monthly payment and loan daily interest rate to avoid loan default.

You can apply for a loan in peso through PesoQ. Depending on your credit score, they may increase the limit and term of your loan. The more information you provide, the higher your credit score will be. The simplest way to borrow is in four steps:

  • Download the PesoQ app and register.
  • Fill out the PesoQ loan application form, and submit with reliable details.
  • Wait for their decision.
  • If a loan application is successful, take out the loan (bank wire, e-wallet, etc.).

PesoQ

FAQ

What is PesoQ?

PesoQ is a Philippines’ financial institution that provides Filipinos with fast, unsecured, no collateral cash loans.

Who owns PesoQ?

PesoQ is owned by U-Peso Lending Investors Corp.

Is PesoQ a legitimate company?

Yes, PesoQ is a legit company. It has a Certificate of Authority granted by the Securities And Exchange Commission (SEC), making it a registered platform. It is also listed on the SEC website as a registered financial institution.

How do I apply for a loan?

Download the PesoQ app, sign up using your mobile number, complete your profile with the requested personal information and contact details (for verification and payment), and click Apply!

What if they reject my application?

You can always ask the customer service why it was rejected, sort it out, and reapply.

Where can I receive my cash?

Once your loan is approved, it will be deposited into your bank account, or you can withdraw it over the counter at their office.

How can I repay a loan?

Repaying a loan is simple, you can make payment through online banking, minimarket (7-11, M. Lhuillier), bank transfer, electronic wallet (GCash, Coins.ph, CLiQQ, etc.), and others at your own convenience.

How can I check my loan application status?

You can do that by logging into your account through the PesoQ app. You can easily monitor the status of your application with the app.

Once my loan is repaid, can I request a higher amount?

PesoQ, like any other lenders, updates the amount based on your latest credit status, so you must maintain good repayment habits to get higher loan amounts.

How is my data protected?

Your personal information is not shared with third parties, except in legal cases. Your data is only used for credit processing and sent through a secured channel, and if there is ever a need to share it, you will be notified beforehand.

What is the loan term?

The minimum loan term offered by PesoQ is 7 days, and the maximum is 365 days.

Company documents

Loan Agreement

Financial products

PesoQ
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
5 000 - 20 000 ₱
Rate
i

Effective interest rate on the product

24% - 28% per year
Term
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Loan term for the financial product

7 - 365 days

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PesoQ loan calculator

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

PesoQ calculator
Interest rates are given in accordance with the rates of the PesoQ in Manila as of 04.12.2022
Loan amount
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Specify the desired loan amount

PHP
PHP
5000 ₱
20000 ₱
Loan term
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Specify the loan term for the calculation

days
months
7
365
City

What to pay attention to when applying for a loan at PesoQ?

Recommendations

What distinguishes PesoQ from a bank:

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