Loan Term Extension is a program offered by pera247 to its clients who cannot pay their loan in full and on time. Through the Loan Term Extension, clients can pay a minimal extension amount displayed on your pera247 app to extend their loan term. This will help clients to avoid having negative credit history and paying additional penalties and fees. If you are eligible for the program, further instructions will be provided. Pay the minimum extension amount displayed and wait for your payment to be posted to activate it. Your loan term will be extended at the end of the current term and your loan status will become Active. Your next payment details will be reflected in the app.
Collection and reminder activities will resume 5 days prior to your new due date (based on the extended loan term).
pera247 Lending Corporation is a duly registered lending company under SEC (SEC Registration No.: CS201734339 with Certificate of Authority No.: 2582)
pera247 Lending Corporation adheres to the strictest of standards in responsible lending as governed by its board of directors, including compliance with: 1) registration and certification with the National Data Privacy Commission (No.: PIC-001-172-2019); 2) Truth-in-Lending Act; 3) Fair Collection Practices; 4) Anti-Money Laundering; and 5) membership in Fintech Protects Community of Practice by The Smart Campaign, an initiative of the Center for Financial Inclusion (CFI) at Accion.