Emergencies or unplanned expenses can be frustrating if you don’t have the means to deal with them. Finding funds to pay for an illness or cover overdue bills can strain you mentally and physically. So, a legitimate online cash loan is a practical solution in many cases. It gives you the money to cover your expenses and time to pay it back, albeit with interest. Pera247 is one of the financial organizations in the Philippines offering quick online loans. This review explains how to use the lending service for your financial well-being.

About Pera247 – Is the Company Legit?

Pera247 Lending Corporation provides online loans using a mobile app. It’s duly registered with the Securities and Exchange Commission and has a Certificate of Authority to operate as a lending company in the Philippines. The lender offers services in Southeast Asia, aiming to avail formal credit to unbanked and under-banked populations in the region. For this reason, it imposes few requirements for borrowers, allowing a lot of people to qualify for lines of credit easily. As long as you have an ID and prove capable of paying back a loan, Pera247 doesn’t complicate the application process. Additionally, the company provides extraction to borrowers to instill financial literacy, helping Filipinos make smart money decisions.

Pera247 Loan App

Pera247 Loan App

If you wish to borrow money from Pera247, you must do it from the app. Although the lender has a standard website with useful information, you can only apply for an instant cash advance on the application. The Pera247 app is for Android devices. It has a simple design and seamless navigation, allowing you to find what you need quickly. You can sign, apply for a loan and check your payments straight from the mobile platform. The app also makes calculating interest easy with an online calculator. With the Pera247 loan app on your phone, you can request a loan around the clock. The app has virtually no learning curve, hence its appeal to the ordinary Filipino borrower.

Advantages of Using Pera247

The fast and convenient process of taking out a loan with Pera247 is a big plus side. Most people turn to online loans because they are uncomplicated and almost instant. When you have an urgent situation, you can’t wait for a week or even more to get a personal loan from a bank. With the Pera247 app, you can have the money within a few hours, depending on the disbursement method.

Pera247 loans are convenient because the application process is all in-app. Therefore, you don’t have to go anywhere to submit documents when asking for a loan. Loan application gets even simpler after the first loan.

The financial company offers Every Peso, a free online financial education program. Borrowers with limited or no basic financial literacy can apply for the 10-course email program.

Pera247 is a secure online lending platform. The app ensures all the details provided during the application are safe. Besides being a legitimate lender, Pera247 passes the requirements to be in Goggle Play Store.

Loans Offered by Pera247

You can borrow up to PHP 15,000 on Pera247. The mobile lending app offers instant loans, meaning a quick and uncomplicated procedure. If it’s your first loan with Pera247 Lending Corporation, the loan limit is between PHP 1,000 and 3,000. Repeat customers can access up to the maximum loan amount. Credit ratings influence your borrowing power; more loans mean a higher limit. A Pera 247 loan comes with a 6% interest rate per month. However, the interest rate varies with the loan amount and term.

Pera247 charges a processing fee with each cash loan. When you apply, the app calculates how much you get and the charges, including the interest. So, you are clear about the loan cost and don’t have to worry about the lender sneaking in fees during the loan term. Extra charges apply if you fail to repay the loan in time. Hence, read the contract carefully to learn about these fees.

Applying for a Loan on Pera247

Applying for a Loan on Pera247

When searching for the most convenient loan, you want a product that saves time and effort. You don’t want to spend hours gathering documents and submitting them to the lender. A cash loan from Pera247 is among the most uncomplicated in the Philippines. The application takes several minutes. Since you are applying on a mobile app, you can do it from anywhere. As the name suggests, the service is accessible 24/7. This section of the review walks you through a Pera247 application.

Borrower Requirements and Documentation

Pera247 sets the eligibility age between 21 and 69 years. You must also be a Filipino citizen residing in the Philippines to apply for a cash loan. The Pera 247 lending app is a native Android app, which requires version 5.1 or newer of the OS. Applicants must provide email addresses and mobile phone numbers on the application form. Regarding documentation, the lender doesn’t ask for too much. You only have to submit your ID and a selfie. You can use your SSS (Social Security System) ID, UMID (Unified Multi-Purpose ID) TIN ID, driver’s license, or PhilSys ID.

Application Process

Step 1

Get the App

Go to Play Store and search for Pera247. Alternatively, navigate from the official website. Your phone must be Android 5.1 or higher to download the app.

Step 2

Answer a Few Questions

Fill out the registration form with the necessary details. Pick a loan amount and desired payment terms. The app will indicate the cost of the cash loan.

Step 3

Upload Your ID

The Pera247 app will direct you on how to upload your ID and selfie.

Step 4

Review Information

Check that all the details provided are accurate. The app also requires permission to your mobile data. Access to your digital information improves your chances of approval.

Step 5

Submit Your Application

After reading and agreeing to the terms, send the application form.

Step 6

Wait for Approval

Pera247 will inform you if you qualify for a loan. You can also check the app to see your application status. If approved, sign the loan agreement immediately before expiration.

Obtaining Methods

Pera247 doesn’t have as many cashout methods as most lending companies in the Philippines. One of the easiest ways to receive loan proceeds is an online bank transfer. The app sends an SMS with the relevant details. Don’t worry, though, if you don’t have a bank account. Pera247 can send the funds to your GrabPay account. You only have to make certain the wallet is activated before using it for disbursement. Another cashout option is M Lhuillier remittance centers. You can get your money from any branch. The processing time is up to 2 hours.


Repayment of the Loan

Repaying your Pera247 loan is as easy as paying a utility bill. The lending institution provides several alternatives for paying off your cash loan. GCash is the fastest way to repay your loan. Simply select GCash as the payment method and use your registered number to pay. The payment will be processed in an hour. If you wish to pay over-the-counter, Cebuana Lhuillier, TrueMoney, Bayad Center, 7-Eleven, and other partner channels are available. It takes up to 25 hours for an OTC payment to reflect. So, keep a copy of the receipt until it does. Go to the FAQ section on the Pera247 site for instructions on how to pay through different methods.


Pera247 Lending Corporation is one of the leading online lenders in the Philippines. The service offers instant mobile loans to Filipinos with limited credit access. With the Pera247 app, you can borrow up to PHP 15,000 wherever you are. Although you can’t borrow as much as a conventional personal loan, a cash loan comes in handy when you need urgent financial solutions. The fast and convenient process from Pera247 ensures you get what you need in only a few hours.