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Pesobox is also an online loan app operating on digital technology. Borrowers only need an Android smartphone and valid personal identification/passport to apply for any loan through this platform. The app provides financial support to all demographics across the Philippines without the need for in-person meetings; you can borrow money conveniently.

App Information:

  • App Name: Pesobox Loan
  • Version: 1.5.0
  • Last Updated: 07/23/2023
  • Device Requirement: Android phones running 4.4 and above
  • Downloads: 500,000+
  • Content Rating: Suitable for ages 3 and up
  • Release Date: 07/23/2023
  • Email Address: [email protected]

The notable advantages of Pesobox:

Borrowing through this app offers a professional online loan service where:

  • No collateral is required; you can borrow up to ₱20,000.
  • Register for a loan online, with a 24/7 automated approval system that disburses the loan within 17 minutes after successful document evaluation.
  • Unsecured loans without face-to-face meetings, without assessing the borrower’s relatives/friends, and no requirement for monthly income proof.
  • Absolute security of customers’ personal information.
  • No upfront fees are charged before the loan disbursement.
  • Simple document requirements, only needing clear photos of valid personal identification/passport.
  • Lightweight app, quick download, and installation in seconds; users can comfortably choose their loan amount once registered on the app.
  • Interest rates are considered lower compared to many other online financial support apps.
  • Transparent terms regarding interest rates, repayment periods, service fees, etc., with notifications sent directly to customers’ phones.
  • Users have the freedom to cancel a loan request without any charges.
  • The app consistently achieves high loan approval rates and is ready to increase loan limits for repeat customers.

Pesobox app provides:

Loan Limits: Minimum ₱500 to maximum ₱20,000

Repayment Terms: Fastest at 91 days, up to 365 days

Minimum Interest Rate: 12% per annum

Maximum Interest Rate: Not exceeding 19.99% per annum

Consultation Fee: 0

Service Fee: 0%

Who is eligible to borrow from the App:

Financial support for all citizens of the Philippines, aged between 18 and a maximum of 71 years, regardless of gender or occupation.

Borrowers must have stable employment or a monthly income.

Possession of an account with one of the banks in the Philippines.

Having a registered phone number used for at least 12 months is advantageous.

Steps to borrow money with the Pesobox app:

-1: Download the app from, enter your phone number, and OTP code to open a borrowing account.

-2: Choose the appropriate loan amount and repayment period. Complete the loan application as required, providing necessary information to Pesobox.

-3: Wait for the system to evaluate your application, which may take between 17 minutes to 2 hours. Processing time might be longer for higher loan amounts.

-4: If your loan application is approved, the money will be transferred to your bank account. Review the loan contract and confirm the borrowing.

-5: Choose a suitable monthly repayment method for the loan.

Note: The app operates online 24/7, every day of the week. You can apply for and receive money whenever needed.

Example of the loan amount: Borrowing for 360 days (12 months) at a 24% interest rate with a principal amount of ₱25,000 Total interest fee: ₱25,000 * 24% = ₱6,000 Service fee 10%: ₱25,000 * 10% = ₱2,500 Total repayment amount: ₱6,000 + ₱2,500 + ₱25,000 = ₱33,500 Monthly repayment: ₱33,500 / 12 = ₱2,791

Should you borrow money through the Pesobox app?

With its outstanding advantages, although the loan limits are not high, the variety of loan products and simple procedures make it easily accessible for many individuals seeking financial assistance.

Moreover, terms such as interest rates, loan periods, etc., are clearly stated and directly sent to customers’ phones via SMS. The app does not charge any external fees, and confirming a loan incurs no service charges. Full repayment at the end only involves the principal and interest. Additionally, if unable to repay the loan on time, you can request an extension through the system, granted for 3 to 5 days, with a maximum of 2 extensions. However, an extension incurs a 30% fee based on the loan amount.

From these points, it’s essential to consider whether borrowing money quickly through Pesobox is suitable for you. You have the option to decline the loan if you wish. However, if you accept it, ensure you’re capable of repaying it on time.