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Why should I pay on time?

Paying your loan on time or before the due date will make you a responsible borrower. In addition, you will benefit as below:

  • You will develop a good credit history, which enables you to borrow again (even from other financial institutions like banks) and at lower costs
  • You can be granted a higher loan amount the next time you re-apply for a loan
  • No additional fees or interest
  • No collection reminders or SMS notifications about the due payment
  • Avoid calls and notices from third-party collection agency
  • Avoid getting blacklisted by credit bureaus or other databases used by employers in background checks or by bank and other financial services firms in review of other financial product applications you may have applied
  • Avoid possible legal actions
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pera247 is a mobile app that offers credit products for honest & hardworking Filipinos. You can borrow to fund your purchase or get money up to ₱30,000!
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pera247 Lending Corporation is a duly registered lending company under SEC (SEC Registration No.: CS201734339 with Certificate of Authority No.: 2582)