| Interest Rate | 35% |
| Duration | From 11 days |
| Access Level | Public |
| Company Name | Pera mars credit |
| Phone 1 | +63 917 118 6849 |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 92 |
PeraMars Credit: An In-Depth Overview of the Online Loan Platform
Introduction to PeraMars Credit
PeraMars Credit is a user-friendly mobile application designed for iPhone users, providing accessible online cash-lending services specifically tailored for individuals in the Philippines. The platform aims to alleviate financial difficulties by offering quick and convenient loan options, making it a viable choice for those in need of immediate funds.
Loan Details and Terms
PeraMars Credit offers loans ranging from ₱3,000 to ₱15,000, catering to various financial needs. Borrowers can choose from flexible loan terms that span from 90 days to 360 days, allowing them to select a repayment period that best suits their financial situation.
Interest Rates and Fees
The application features an Annual Percentage Rate (APR) that varies between 10% and 20%. In addition to the interest rate, PeraMars Credit charges a one-time service fee, which ranges from 3% to 12% of the loan amount. This fee is deducted upfront at the time of loan disbursement, ensuring transparency in the cost of borrowing.
Understanding the Total Cost
To help users grasp the financial implications of borrowing, PeraMars Credit provides a representative example that illustrates the total cost of a loan, inclusive of all associated fees. This feature empowers borrowers to make informed decisions about their loan applications.
Application Process
Applying for a loan through PeraMars Credit is a straightforward four-step process:
- Download the App: Users can start by downloading the PeraMars Credit app from the App Store.
- Complete the Application Form: After installation, users fill out a simple application form, providing the necessary personal and financial information.
- Loan Approval and Disbursement: Once the application is submitted, users await approval. Upon approval, the loan amount is disbursed directly to their bank account or mobile wallet.
- Timely Repayment: Borrowers are encouraged to repay their loans on time to avoid any additional fees and maintain a good credit standing.
Conclusion
PeraMars Credit stands out as a convenient online loan platform, designed to meet the financial needs of users in the Philippines. With its flexible loan amounts, transparent fees, and straightforward application process, PeraMars Credit is an excellent option for those seeking quick financial assistance.
Expert Counsel
1. They will send SMS messages to your contacts, claiming that you owe them money.
2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.
3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.
4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.
5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.
6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.
7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.
8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.
9. The most effective way to break free from loan sharks is to cease borrowing altogether.
10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.
Join our Facebook Group
Reviews
Related Loans
.webp){kind=small}
Safely Report A Loan Shark
If you have borrowed from a loan shark or are worried about someone else, we’re here to help and keep you safe. Learn how to break free from their grasp.
