Download
5/5 Votes: 1,123
Updated
18/02/2024
Size
50 Mb
Version
1.0.19
Requirements
5.0
Downloads
200.000+
Report this app

Description

Having to spend so much each day when the paycheck only comes at the end of the month can be overwhelming. Whether it’s to pay off looming bills or to meet immediate household needs while the wallet is slowly running dry, sometimes you might consider borrowing from friends or family but hesitate. Your dilemma can be solved instantly with Go Peso short-term financial assistance packages. The borrowing process is straightforward—let’s explore more at loanapp.store!

Here’s a brief overview of some basic information about the GoPeso app:

The app serves as an intermediary platform, specializing in connecting individuals in need of quick loans with reputable financial partners. In reality, the app doesn’t personally approve loan applications; instead, the lending partners directly assess them. By choosing Go Peso, you can rest assured that the app’s connected financial partners are reliable, and the borrowing process is transparent. The loan procedures are simple, with competitive interest rates, and notably, the loan amount is disbursed on the same day, helping you address immediate financial burdens.

The app is currently available on the app store of loanapp.store. With just a smartphone connected to the internet and necessary identification documents, you can apply for loans of up to PHP 20,000 from the comfort of your home. There’s no need for collateral or a guarantor. With Go Peso, you have full control over your time and everything else.

The conditions to apply for quick loans through GoPeso:

This app connects with financial partners specializing in unsecured loans. Thus, they don’t require borrowers to provide collateral; however, they do necessitate customers to have stable monthly income from a job to ensure the ability to repay the loan.

Based on the summarized information from financial partners collaborating with GoPeso, there isn’t a fixed income requirement. However, in most cases, the monthly income needs to be at least PHP 500 to qualify for a loan application without rejection. Additionally, borrowers need to meet the following criteria:

  • Be a citizen of the Philippines, aged 20 or above.
  • Possess verified identification documents.
  • Have at least one bank account for convenient transactions.
  • The registered phone number for the loan must belong to the applicant, with a usage history of at least 3 months.
  • Providing three months’ worth of salary slips or monthly payment invoices is advantageous.

Assessing the interest rates concerning the borrowing limits at GoPeso, are they high?

Specializing in providing unsecured loan packages on a digital platform, given the high-risk nature, it’s natural for the interest rates set by financial partners here to be relatively high. Despite affiliations with various partners, the lowest interest rate at GoPeso stands at 10%, while the highest reaches 20.14% per annum.

It’s worth noting that these interest rates aren’t fixed; rather, they’re flexibly adjusted by financial partners based on the borrowing limits and the customer’s repayment period. Another distinguishing factor is that for these unsecured loans, customers aren’t required to make monthly repayments but settle the entire debt at the end of the term.

With such flexibly adjusted interest rates and repayment methods, customers facing high borrowing limits here might find it challenging to repay the interest. This situation leads to high penalties for late payments—a growing interest rate and accumulating penalties create significant pressure.

Contact details:

Images