The 24h Peso App is known as an online lending gateway in the Philippines, disbursing funds on the same day for small consumer needs. Therefore, simply by performing a few steps, you receive money into your account without directly meeting anyone. Although there are conditions attached, the success rate for new customer groups can be as high as 92%.
The entire process from registration to disbursement is very straightforward and easy to follow, unlike transactions at banks or financial companies. Note that the interest rates of the 24h Peso App are quite high compared to the general market and additional fees will be charged during the registration process.
Advantages of the 24h Peso quick Loan App
Some impressive features when participating in loans through the app:
- Since no collateral is required, anyone can borrow. Therefore, the app also reaches out to potential customer groups.
- Flexible borrowing time, just need a mobile phone connected to the internet, you can borrow at any time of the day.
- The registration process is not complicated, does not require collateral, nor do you need many types of documents as when borrowing from a bank.
- Quick disbursement, only 1 hour after the application is approved. All loans will receive money immediately upon approval.
- For first-time borrowers, the app accepts extensions if you cannot repay the loan on time.
Target audience for Borrowing through the 24h Peso app
24h Peso Loan only offers short-term loans with low spending limits. Therefore, this is not a good option for customers in urgent need of large expenditures such as buying real estate, purchasing a car, or investing with a large capital.
Loans through the app are only suitable for daily living expenses such as electricity bills, water bills, internet bills, tuition fees, installment payments, etc. In addition, the end of the month or the end of the year is a suitable time to register for loans here.
Conditions to be met when borrowing from the 24h Peso App
Customers need to meet the following conditions to be eligible for a loan at the unit:
- Minimum age of 18 and maximum of 60, Philippine citizenship.
- Have valid identification documents (ID or passport) issued by the government.
- Have stable employment and monthly income to ensure repayment of the loan.
- Have a bank account to receive and repay the loan when it is due as specified.
Loan Limit and Interest Rate Policy
To help readers better understand the quick loan app, we will update detailed information on the credit limit, repayment period, and interest rates within the application. Don’t rush, take a careful look at the following section:
Credit Limit and Repayment Period for 24h Peso Loan
When you first enter the app, you will be presented with various loan packages by advisors. Among them, the packages will be specifically determined as follows:
- Loan term: From 91 days to 365 days.
- Loan amount: From PHP3,000 to PHP80,000.
- Extensions are possible at the first payment period.
Interest Rate Policy
The app typically applies high-interest rates, at 24% per year for a loan. Although the exact rate is not disclosed, it is likely to increase further in the future.
There will be differences in the applied interest rates, depending on the individual’s loan and credit score. Of course, the interest rate has been clearly stated, openly disclosed to customers through contracts. Additionally, participants are only required to bear the interest rate without any additional fees.
Example of a loan: If you choose to borrow PHP10,000 with an interest rate of 24% per year and a loan term of 121 days, the total interest is PHP795.61 (10,000 x 24% / 365 x 121). The total amount to be paid by the deadline is PHP10,795.61 (10,000 + 795.61).
Detailed Guide on How to Borrow Money at 24h Peso
Customers can visit the unit’s homepage via the website or the app on their phones. The specific steps to register for a loan are as follows:
- Create an account using a unique phone number.
- Fill in all required information from the system (personal documents, bank account, etc.).
- Decide on the loan package (choose a suitable package in terms of term, interest rate, and limit).
- Take a photo ID verification (with a portrait).
- Wait for approval (maximum time 24 hours).
- Check, sign the contract, and disburse (carefully read the entire content and agree to accept).
- Receive money transferred to your bank account.
All registration steps are not too difficult, and everyone can do it. However, if you still encounter difficulties, please contact the customer care department immediately for more detailed guidance.
Privacy Policy
- 24H Peso commits to protecting the privacy rights of all customers.
- All data transmitted is encrypted and never discloses customer information to any third party without the customer’s consent.
Contact Information and Customer Support
To contact 24h Peso, you can use the following information:
- Company name: WECASH FINANCE, INC.
- SEC registration number: CS201903509
- Registered business name: 24H PESO FINANCE
- Authorization certificate number: 1202
- Website: https://privacys.24hpesos.com
- Office address: Fort Legend Tower, Corner of 3rd Avenue and 31st Street, Bonifacio Global City, Taguig City, Manila, Philippines, 1632.
Additionally, you can also find contact information on the app or on 24h Peso’s social media pages if available. For detailed information and support, you should contact them directly through the provided communication channels.
The above article is a compilation of all relevant information regarding the quick loan unit – 24h Peso Loan. With the amount of content we have addressed above, we hope that readers can have a deeper understanding of this app.
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