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You can borrow peso without going out
Senior reviews editor
Pesocash is an online loan app run by MyLoan Lending Investors Inc. It is aimed at people who need a small amount of cash quickly and do not want to go to a bank or ask a friend. The listing says applicants must be 20 or older.
The company lists a Metro Manila address and a PSEC registration number, and it sells its loans in pesos. The whole borrowing process is handled inside the app.
The build we hold is Pesocash - Safe Online Loans 2.5.6 (APK) for Android 6.0 and up.
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Loans range from ₱1,500 to ₱8,000. The borrower picks one of three terms: 120 days, 150 days or 210 days.
Because the term sets how long the loan runs, the choice also affects the total cost, since interest accrues daily at 0.05%.
The listing gives a maximum APR of 18.25% per year, which is 0.05% per day. Each successful loan also carries a transaction fee of ₱25 to ₱130. That fee is collected in advance by the transaction channel, not by the app itself.
The listing sets the service fee at 0%. It also tells borrowers to read the terms and disclosure statements before accepting a loan.
Customer service runs Monday to Saturday, 9am to 6pm. Callers can reach the company on Globe or Smart numbers, write to cs@pesocash.ph, or use the website at pesocash.ph.
The office is in Parañaque, at the Sinocan Corporate Center in Asean Business Park, Bay City.