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 pera247. Who 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
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
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?