Pera247: A Fast and Simple Way to Get Cash When You Need It

Digital lending is common these days. With Filipinos’ constant need for cash, it’s no surprise that online cash loans are slowly gaining popularity.

Here comes the entry of AsiaKredit’s pera247Online Cash LoanWho is pera247? 

pera247 is a short-term digital lender that provides short-term and unsecured loans for up to 90 days. It is powered by AsiaKredit, an international tech-based financial services firm that provides fast, easy, and convenient credit solution to millions of people in Southeast Asia. It turns out that Southeast Asia, including the Philippines, are underbanked. This means there are limited lenders that could extend credit to and the launch of pera247 could give people options, especially during difficult financial times.

Aside from extending credit to deserving individuals using data-driven credit assessment tools, pera247 aims to educate Filipinos on responsible financial management to improve one’s standard of living.

How to Apply in pera247

  1. Download the app on Google Play Store. You can download it here. Take note that the app only works on Android devices.
  2. Register and create an account using a valid and existing e-mail. Don’t forget to type your password.
  3. Once you signed up, you can start applying for a loan by selecting your preferred amount and loan term using the navigation arrow. Then, click “Get Money.”
  4. You will be redirected to another page where you are required to provide your personal information, including name and place of birth.
  5. Upload a valid ID picture, preferably government-issued ID.
  6. Upload your recent picture to further validate your identity.
  7. Continue answering the online application form such as civil status, number of dependents, and current status of employment. You will also be asked to specify the purpose of your loan and upload any utility bill.
  8. Review your loan application form and then click “Submit.” 

pera247 representatives will review your loan application and get back to you as soon as possible. You will be notified of the status of your application via SMS, phone call, email, or notification from the app. If approved, sign (accept) the Consumer Loan Agreement and choose your preferred withdrawal method (Bank transfer, Security Bank Cardless ATM withdrawal, or Western Union/DA5).

Things to Remember when Applying for a Loan with pera247

  • Make sure you provide a valid and working email address and mobile number. This is where you will be contacted by pera247 representatives.
  • Don’t forget to allow pera247 app to access your mobile data. This is necessary for pera247 to check your eligibility for credit.
  • Upload all documents asked, including the utility bill (which is optional). This will make it easier for pera247 representatives to gauge your credit-worthiness.

Keep in mind that fast cash does not come cheap tough. If you borrow PhP 10,000 for 90 days, you will have to repay PhP 17,970 which is almost 80% in interest and fees for 3 months. The monthly option comes at 30% cost.

Are you ready to give this a try?


42 thoughts on “Pera247: A Fast and Simple Way to Get Cash When You Need It

  1. Hi. I shall lke to apply for a cash loan via AsiaKredit. Please advise how to proceed.

    Thank you.

    1. Hello there. Please download the app first at Google Play Store then follow the step-by-step procedure indicated in this post to start with your loan application.

      1. Why is it taking too long for them to review the application? All the credentials pera247 asked from us aint that complicated. Im a lot more worried because pera247 have my personal info. I gave them my trust and they are not even giving me a call. How many are there reviewing the applications? one? three? five? cause the ad really failed to meet our expectation. processing isnt fast. we dont feel safe anymore. pera247 already defeated the purpose of emergency loan. mag apply kaya ako sa pera247 para ma tulungan din naman ang mga magrereview ng application.

        1. Hello! We’re sorry that you feel this way towards Pera247. May we know if you have contacted them already? We want to help but we are not affiliated with them so we cannot check your account.

    1. Hi Jane. We apologize for the inconvenience that Pera247 has caused you. We’re not sure about the loan processing criteria imposed by Pera 247. Perhaps, you can try other online cash lending companies such as Loan Ranger.

    1. Hello there. This would depend on Pera247 since they have their own procedure to follow when it comes to approving (or rejecting) loan applications. Nonetheless, the ideal processing of loan application is 24 hours or one day 🙂

    1. Hello Dhang. The utility bill is merely to check the legitimacy and existence of the address indicated in the loan application form. Thanks!

    1. Hi Floriza. They “promise” 24 hours, but loan processing could go beyond that, depending on the number of applications they review everyday 🙂

  2. Sana magdagdag kayo ng lists of bank na pwede magamit for withdrawal gaya ng bdo,unionbankband bpi. Hindi ko nakita sa listahan ang mga bangko na ito. Pero salamat sa oag approved sa loan ko. Malaking tulong ito until i i get my salary.

    1. Hi Jonalyn. Good to know that you had a pleasant experience with Pera247. Don’t worry. We’ll update this and inform Pera247 about your concern to help them improve their service 🙂

  3. Your 24hr reply on loan application status is not true. It is better to tell whether the application is approve or not, than making the loan applicants expecting. Kaya nga nag-lloan sa inyo kasi nga emergency.. improve your uptime response.. thanks

    1. Hi Hermo. We’re sorry to hear about this. Apparently, we are not Pera247 and rather an independent blog that features and reviews online cash lenders. Don’t worry. Perhaps Pera247 had to process a lot of loan applications but they will surely get back to you as soon as they can 🙂

  4. Hi good day kakaaply ko pa lang po im new thats why i need to loan its because i will pay my daughter tuition fee so i can get her id i have allowance every month but i need urgent the money for my daughter school tuition fee sana po maapproved please po need ko lang po talaga

  5. Hi good day kakaaply ko pa lang po im new thats why i need to loan its because i will pay my daughter tuition fee so i can get her school record and form 137 i have allowance every month but i need urgent the money for my daughter school tuition fee sana po maapproved please po need ko lang po talaga

    1. Hi Rinalyn. We are not Pera247, so we cannot access your loan application. As long as you submitted the requirements and you have a good credit standing (meaning you paid your bills on time), then there is a chance naman po of approval 🙂

  6. Bakit po ako may good credit standing pero decline sa 4th loan ko? Is that necessary? Inalagaan ko pa nman account ko sa pera247 kasi i like your policy in payment na pwede sya bayaran sa araw na gusto mo na bawas ang tubo.

    1. Hi there! We’re sorry to hear about this experience. Have you contacted Pera247 regarding this? You can also consider other online cash lenders in case you need cash quick. Salamat!

  7. Hi i applied today but i was not able to send utility bill..i am employed hoping that i will be given a chance for my first loan..thnks!

    1. Hi Reine! Submission of complete requirements is highly recommended. Otherwise, there might be a delay in the application process or this could be a reason for disapproval. Thanks!

  8. for fund withdrawal na po ako. pinili ko po securitybank wla kcng bpi s option ngtext n sb sken dun sa 16digit card pero yung sa pin wla pdin po.

  9. Nag renew ako then approved the request ako ng cash out thru security bank egivecash. They send the card number and pin then I try to widraw it in security bank ATM yesterday the ATM Machine says the information entered is incorrect. Then at 1:00 AM today pera 247 text me I successfully recieved the loan. Ano to lokohan di ko naman na encash yung loan tapos pagbabayari. Nila ako tangina I will not pay that and I will never use this app .kinontak ko sila walang nag rereply kahit isa kahit si John Ramos yung collection agent.

  10. hi sir/mam, ask lang po thru egive-cash po kasi yung claim ko ng loan approved,eh kelangan po ng passcode kayo po ba mag provide ng passcode ? thank you

  11. Up to now wala pa din yung ni loan. Ang sabi na deposit na sa account pero wala pa din. Tapos umaandar na interest. Hindi mo pa nagagamit tumutubo na agad.

  12. I am very disappointed been calling for almost a week now for my payment to be posted yet no update. I pay on time and all you do is call me regarding my payment which is not yet posted on your end. Have sent proof of payment via app and email it as well but still no progress. Would someone has solution for this aside from telling me over and over that it has been forwarded for posting yet days has passed by and still no payment was posted.

    1. Hi Meryl. It’s possible that the payment did not automatically reflect on their system; hence the reply. We suggest that you keep a copy of your proof of payment so that they won’t charge you with interest and penalty fee anymore.

  13. for a reloan. can we apply for a higher amount compare to previous loan and how long is the reloan process? thanks….

    1. Hi Mark! You may try to apply for a higher amount, but this is still subject to review by the lender since they will be the one making the assessment 🙂

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