Lucky Peso

Developed by LUCKY SHELL FINTECH LENDING, INC, Lucky Peso Loan aims to provide customers with convenient financial solutions, catering to both medium and small needs. The process is simple: download the app, register, and get the money transferred to your account in just 5 minutes.

Key Product Information

Here’s what you need to know about Lucky Peso:

• Loan Amount: From ₱600 to ₱80,000
• Loan Term: Between 125 and 180 days
• Maximum Annual Percentage Rate (APR): 16%
• Service Fee: A one-time fee of 10%, with no additional hidden fees

Interest Calculation Example

To understand how interest works with Lucky Peso, consider this example:

If you borrow ₱1,000 at an interest rate of 12% for 125 days:

• Amount Received: ₱1,000
• Interest: ₱1,000 * 12% * 125/365 = ₱41.1
• One-time Service Fee: ₱1,000 * 10% = ₱100
• Total Repayment Amount: ₱1,000 + ₱41.1 + ₱100 = ₱1,141.1

Conditions for Participation

To be eligible for a loan with Lucky Peso, you need to meet the following conditions:

• Age: Between 18 and 60 years old
• Nationality: Documents proving Filipino nationality, such as an ID card or passport
• Income: A stable job and income to ensure loan repayment
• Bank Account: A registered and active bank account
• Smartphone: An internet-connected smartphone to use the app

Lucky Peso's online nature means you can use it from anywhere, without any geographical restrictions.

Receiving and Repaying the Loan

When you register, you’ll need to provide your personal bank account number to receive the loan amount directly. For repayment, you have multiple options:

• Bank Transfer: Direct bank transfer at the nearest banks or facilities
• E-wallets: Transfer via e-wallets like PayMongo, GCash, etc.
• Internet Banking: Transfer via internet banking

Note: Ensure you provide accurate recipient information, including account number, bank name, recipient name, amount to be paid, and payment details to avoid any issues.

Is Borrowing from Lucky Peso Safe?

Yes, borrowing from Lucky Peso is safe. The app is managed by LUCKY SHELL FINTECH LENDING, INC, registered with certificate number CS201912995, and offers clear and transparent terms. Customer information security is a top priority, so you can feel secure using the app.

However, it's always wise to research and consult reliable sources before using any loan application. Loan limits and interest rates are publicly available and continuously updated, ensuring you have all the necessary information to make an informed decision.

Steps to Register and Borrow Money

To get started, follow these simple steps:

1. Download the App: Install the Lucky Peso APK/IOS from reputable websites or your phone’s app store.
2. Register Your Profile: Open the app and register using your phone number, full name, age, address, occupation, and income level.
3. Start the Loan Process: After registration, select your desired loan amount and term. Take a clear photo of your ID card and enter your bank account number.
4. Application Review: Submit your application. The system will review it within 15-30 minutes. If approved, the loan will be disbursed shortly after.
5. Disbursement: The funds will be transferred to the bank account you provided.
6. Repayment: Plan your expenses and ensure you repay the loan before the due date to avoid additional late fees and to potentially increase your loan limit for future borrowings.

With Lucky Peso, borrowing money has never been easier or more convenient. Make sure to manage your finances responsibly and always read the terms and conditions carefully. Happy borrowing!