Table of contents
| Name of Organization | PesoQ |
| Full Name of Organization | PesoQ |
| Hotline | (02) 888-PESOQ (7376) |
PesoQ - Product Features
| Min. financing amount | 5000 php |
|---|---|
| Max. financing amount | 20000 php |
| Max. financing amount | 30 days |
| Loan tenure | 1% |
| Approval duration | Average time from 2 to 12 hours |
Fees & Charges
| Debt consolidation | Information on debt consolidation is not listed on the site. You need to contact representatives of the organization through any source and clarify |
|---|---|
| Processing fee | One-time fee is not charged when making a loan |
| Stamp duty | Stamp duty is not provided in the organization |
| Annual fee | Annual fee ranges from 180% to 365% depending on the percentage under which you borrowed |
| Other fees | Other fees are not listed on the site. However, when applying for a loan, you can include insurance or any other services. For more information, you need to consult with representatives of the organization. |
Penalties
| Early settlement | Early debt settlement does not charge you extra fees. For more information contact the credit organization. |
|---|---|
| Late payment charges | 6% of overdue amount |
| Other penalties | Not provided |
Additional Requirements
| Need to bind a bank account | No |
|---|---|
| Other details | Payment on the loan occurs through a bank card |
IS PesoQ LEGIT?
There is no one definitive answer to this question. PesoQ is a relatively new player in the online lending space, and as such, there is not a lot of information available yet on their loan products and terms. However, from what we can tell so far, PesoQ seems to be a legitimate lender. They are registered with the SEC and have an A+ rating from the Better Business Bureau.
That said, it’s always important to do your own research before taking out a loan from any company, so be sure to read reviews and compare rates before making a final decision.
How to take a loan in PesoQ?
Best offers
First, you’ll need to head over to the PesoQ website and create an account. Once you’re registered, you can click on the “Apply for a Loan” tab and fill out the application form.The application process is relatively simple and straightforward, and you should receive a response within minutes. Be sure to have proof of income and identification handy when you apply.Once your loan is approved, you can choose to have the money deposited directly into your bank account or receive it as a cash pickup. There are no prepayment penalties, so you can pay off your loan early if you wish.For more information on taking a loan from PesoQ, be sure to check out their website or FAQ section.
Loan parameters in PesoQ
Problem: You need money fast, but you don’t want to get taken advantage of by high-interest payday loans.
Agitate: Traditional payday loans can have interest rates as high as 400%, which can quickly spiral out of control if you can’t pay them back on time.
Solution: PesoQ offers a much more affordable alternative. Their interest rates start at just 2%, and there are no hidden fees or prepayment penalties. You can also choose to pay your loan back over a period of 6 to 12 months, which makes it more manageable than a traditional payday loan.
For more information on how to take out a loan from PesoQ, be sure to check out their website or FAQ section.
Example of calculating interest and loan payments
If you’re interested in seeing how interest and loan payments are calculated, here’s an example using the rates and terms from PesoQ.
Let’s say you borrow 10,000 pesos from PesoQ at an interest rate of 2%. Your monthly payment would be 1,041.52 pesos, and you would pay a total of 12,272.24 pesos over the course of the loan. This works out to an annual percentage rate (APR) of 15.9%.
If you’re looking for a more affordable alternative to payday loans, PesoQ could be a good option. Their interest rates start at just 2%, and there are no hidden fees or prepayment penalties. You can also choose to pay your loan back over a period of 6 to 12 months, which makes it more manageable than a traditional payday loan.
Additional conditions for granting loans
PesoQ also has a few additional conditions for granting loans. In order to be approved for a loan, you must be at least 21 years old and have a minimum monthly income of 10,000 pesos. You must also have a valid Philippine ID and proof of income. These requirements are standard across most online lenders, so it’s not unusual for PesoQ to have them.
If you meet these requirements and are in need of some extra cash, PesoQ could be a good option. They offer interest rates starting at just 2%, and there are no hidden fees or prepayment penalties. You can also choose to pay your loan back over a period of 6 to 12 months, which makes it more manageable than a traditional payday loan.
Reasons for a loan denial
There are a few reasons why you may be denied a loan from PesoQ. In order to be approved, you must be at least 21 years old and have a minimum monthly income of 10,000 pesos. You must also have a valid Philippine ID and proof of income. If you meet these requirements and are still denied a loan, it could be for one of the following reasons:
- – Your credit score is too low
- – You have outstanding debt obligations that are too high
- – You’ve recently filed for bankruptcy
If you’re unable to get a loan from PesoQ, you may want to consider other options, such as borrowing from family or friends or taking out a personal loan from a bank or credit union.
Will the amount of the next loan be increased?
There is no set rule on how much the amount of a loan will be increased with each new loan. It all depends on the individual borrower’s financial situation and credit history.
If I am approved for a loan, when will the money show up in my account?
If you are approved for a loan, the money will usually show up in your account within 1-2 business days.
How much does PesoQ charge in interest and fees?
PesoQ charges an interest rate of 2% and no hidden fees or prepayment penalties.
Contacts of PesoQ
In order to get in touch with PesoQ, you can either call their customer service hotline or send them an email. Their contact information is as follows:
Customer Service Hotline: (02) 888-PESOQ (7376)
Email Address: help@pesoq.com
How to take a loan in PesoQ?
- Fill in the application for a loan.
- Confirm the offer. The offer is signed by an SMS code sent to your Get the solution instantly!
- Transfer money to a bank account or card in one day!
Additional conditions for granting loans:
- the whole process through the Internet, without leaving home;
- for Filipino citizens who have reached the age of 21 (majority);
- the presence of a permanent registration in the territory of the Philippines;
Reasons for a loan denial:
- Poor credit score
- You are blacklisted, on debt review or had a judgement against your name
- You don’t have enough income for the loan you requestedd
- Poor track record of credit card or loan repayments
Managing structure PesoQ
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.