Fast Pera

1.1.3

Fast Pera is an online lending application in the Philippines. It's easy and quick, without the need for documents or collateral. It offers competitive interest rates and operates 24/7.
Update
02/02/2024
Size
18MB
Version
1.1.3
Operating system
5.0
Installs
100.000+

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Description:

Fast Pera is a new online financial lending application launched in 2023 in the Philippines. This application is designed for Android and is compatible with various types of phones. Since its release, the app has attracted a large number of downloads and users for financial services. Fast Pera App is owned by Kusog Pera Lending INC with registration number CS201916669, ensuring customers are not subject to scams, and the application is completely trustworthy. Below are some general information about the application.

Information about Fast Pera loan product

FastPera App supports customers in easily accessing unsecured loans through online channels. The loan product on the application has attractive limits, as follows:

  • Loan amounts range from ₱ 1,500.00 to ₱ 20,000.00.
  • Loan terms range from 120 days to 365 days.
  • Maximum loan interest rate is 18% APR per year or 0.05% per day.
  • Service fees range from 10% to 20%.

Illustrative example for a loan

If you borrow ₱ 6,000.00 from FastPera with a loan term of 180 days, the calculations are as follows:

  • Total interest payable: ₱ 6,000.00 * 0.05% * 180 = ₱ 540.00
  • Monthly interest payable: ₱ 6,000.00 * 0.05% * 30 = ₱ 90.00
  • Monthly repayment of principal and interest: ₱ 6,000.00/6 + ₱ 90.00 = ₱ 1,090.00
  • Total amount of principal and interest payable: ₱ 6,000.00 + ₱ 540.00 = ₱ 6,540.00

This is just an illustrative example; specific loans may have different terms and fees depending on the loan amount and duration.

Loan conditions on the application

Fast Pera allows customers to borrow up to ₱ 20,000.00 with relatively lenient conditions. According to records, customers will be approved for loans on the app without the need for collateral or proof of income. Instead, loan applicants only need to meet the following basic conditions:

  • Valid personal ID photo.
  • Any active bank account.
  • A mobile phone in use.
  • Must be 21 years old or older.
  • Must have a stable job.

Notably, customers with bad credit history can still be considered for loans through the Fast Pera app. However, the app prioritizes the profiles of customers without bad credit.

Pros and Cons of the Fast Pera App

The Fast Pera lending app is praised for several outstanding advantages, including:

  • The app offers loans with a longer term of up to 1 year, which is higher compared to many other financial apps available today.
  • It supports unsecured loans with simple procedures and conditions, providing customers with easy access to money in urgent and necessary situations.
  • The app only calculates interest rates without adding any other fees.

However, it’s worth noting that the Fast Pera app also has certain drawbacks, including:

  • The app only offers a maximum loan limit of ₱ 20,000.00, which may not be suitable for customers with high capital needs.
  • The interest rates for loans on the app are relatively high, requiring customers to carefully calculate their repayment capabilities.
  • Furthermore, Fast Pera lacks transparency in collecting and using customer information. Additionally, the app requires minimal credit profiles, making it difficult for customers to address issues related to their loans through complaints.

Guide to Online Borrowing on FastPera Loan

Borrowing money online through the Fast Pera app is quite simple. However, if you’re unsure how to borrow money through the app, please refer to the detailed guide with the following steps:

Download the FastPera App

As a customer, you need to proactively download the Fast Pera app to your phone. It’s very simple! Just access the Play Store on your phone. Then, search for the “Fast Pera” app. Immediately, the app will appear, and your task is to download it to your device. Typically, you only need to wait 1-2 minutes for the Fast Pera online lending app to download and install successfully.

However, when installing the lending app, you need to grant basic access permissions. You need to allow the app to access your contacts, camera, messages, etc. The Fast Pera app system will display access questions, and you just need to press agree/allow.

Loan procedure

After you have successfully downloaded and installed Fast Pera APK/IOS, open the app. Next, do the following:

Step 1: Enter your correct phone number and press “next”.

Step 2: Enter personal information as requested by the app system and press “next” to apply for a bank loan. Basic information includes:

  • Customer’s full name
  • Email address
  • Date of birth
  • Gender
  • Marital status

Step 3: In the new interface, confirm additional necessary information such as:

  • Personal ID number
  • ID issuance date
  • Address
  • Specific address
  • Company name

Step 4: Continue to press “next” and update the contact information.

  • Contact person’s full name
  • Registered phone number
  • Relationship

Step 5: Then, confirm and enter bank account information such as: Bank account number, place of issue.

Step 6: Finally, press “next” to submit your loan application to the online lending organization. So, all you need to do is wait for your application to be approved and you can successfully borrow money.

Note: You need to provide accurate and complete information to receive quick and easy loans. Always access the app to update information and policies.

Contact Information and Customer Support

To get in touch with FastPera and learn more about their loan products, you can use the following information:

  • Company Name: Kusog Pera Lending INC.
  • Working Hours: Monday to Saturday, from 9:00 AM to 6:00 PM.
  • Phone Number: 09774917588
  • Email: [email protected]
  • Official Website: www.fastpera.vip
  • Office Address: 29th Floor, Joy Nostalg Center, 17 ADB Avenue, Pasig City, 1600, Philippines.

Feel free to call, email, or visit the official website of Fast Pera to receive assistance and detailed information about the loan products and services they offer.

Conclusion

The above are some key information about the Fast Pera online lending app. Hopefully, you now have a clear understanding of Fast Pera to confidently go through the loan application process to quickly address your difficulties. However, please note that when borrowing money through the app, it is important to carefully calculate your repayment capability to ensure safety. Wishing everyone success and good luck.

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