What is HappyPera?
HappyPera is an online lending app that offers low interest rates, fast approval, and easy monthly payments. The loan app is designed with the intent of helping Filipinos find access to small cash loans that they may otherwise not be able to get from traditional financial institutions.
By using the HappyPera app, you can get the money you need without having to go through a long and complicated approval process. So, if you're looking to consolidate debt, pay for a vacation, or cover an unexpected expense, you can use HappyPera without the need for a credit check, collateral, or guarantor.
How does HappyPera work?
HappyPera connects borrowers to personal loans through the HappyPera app, which is available on the Google Play Store, Apple App Store, and Huawei App Gallery.
The application process is simple and only takes a few minutes to complete. Just download the app, register, enter your information, and receive a decision in minutes. Once your loan application is approved, you’ll receive confirmation and details of the loan via SMS and e-mail. Typically, you can receive your funds through your chosen payment channel within minutes.
What is HappyPera 2?
You might be wondering if HappyPera is the same as HappyPera 2. The answer is yes, they are one and the same. Happy Pera is for Android users, while Happy Pera 2 easy cash loan app is designed for iPhone.
How can I apply for a loan with HappyPera?
HappyPera has a simple application process that only requires basic information about yourself and your financial history. Usually, the information you provide will help them decide whether or not to approve your load. It will also be used as a basis for the loan amount.
Requirements
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You must be a Filipino citizen.
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You must be between 18 and 60 years old.
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You must be employed or have a steady income.
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You must have two valid IDs (government-issued IDs—passport, SSS, UMID, driver’s license, etc.)
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Supporting documents, such as utility bills with your name and address, can increase the chance of loan approval.
After you submit your information, the HappyPera team will review the request and contact you if your loan is approved.
How much does HappyPera loan?
With the HappyPera online loan app, you can borrow P3,000 up to a maximum of P20,000. The loan amount will be based on your past repayment records if you are a repeat borrower. If you’re a new borrower, expect a smaller loan amount for starters.
Based on the SEC listing, HappyPera interest rate is set at 5% per month. This rate is on the high side and is even higher than most credit card interest rates.
HappyPera is not very transparent with additional fees and charges. They can charge you a valuation service fee, an account management fee, a withdrawal Fee, and other legal fees. Together, they will eat up your fund, and you’ll end up with less money than what you applied for.
Always read the fine print and ask the HappyPera agent about charges other than the interest rate.
How much is the first loan in HappyPera?
Although HappyPera claims to offer a maximum of $20,000, new borrowers are only given a smaller amount of P1,000, up to $3,000 on their first loan. This can increase gradually as borrowers establish trust and good credit standing with HappyPera.
How to pay?
HappyPera loan payment term is 91-120 days. However, the default number of days to pay your loan is only 10 days.
You can pay your loan through the following payment channels:
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Online banking (bank transfer)
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LBCExpress
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Cebuana Lhuillier
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EcPay
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7-11
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M. Lhuillier
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SM Payment Centers
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Robinsons Department Store Payment Centers
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Bayad Centers
What can happen with a HappyPera unpaid loan?
If you are unable to pay your loan on time, you will be charged a one-time late fee of 5% of the loan and a late penalty fee of 2% per day until you pay off your loan. HappyPera agents will also call you repeatedly to pressure you into paying. If you default on your loan, HappyPera may take legal action against you.
Is HappyPera legit?
HappyPera loan is a legit online lending app. Royal Yohoo Lending Investors Corp, which runs HappyPera and HappyPera 2, is listed with the Securities and Exchange Commission with a certificate of authority to operate a lending company.
HappyPera app
The mobile app is available for download in the Google Play Store, Apple App Store, and App Gallery. Avoid downloading HappyPera loan APK because it’s not vetted by Google, so it may contain malware or other harmful content that can steal your personal information.
Furthermore, downloading HappyPera 2 APK can cause your device to be overloaded with unnecessary files, which can slow it down or even cause it to crash. Additionally, HappyPera APK can be dangerous to install because it may not be compatible with your device or it may cause problems with other installed programs.
The HappyPera loan app is easy to use. The interface is straightforward and simple, making it easy for anyone to navigate through the different loan options available, so you can find the best one for your financial needs.
HappyPera customer service
If you have concerns or issues about your loan application, you can get in touch with the HappyPera contact number:
Phone number: 0977 326 4693
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Email address: support@happypera.ph
HappyPera complaints
Some customers shared their unpleasant experiences on Happy Pera loan review sites, including HappyPera harassment stories where the company's customer service agents have been overly aggressive and disrespectful to borrowers to force them to pay back their loans.
A few agents are allegedly resorting to unfair and unethical practices to collect debts. Some of them are even contacting the relatives and friends of the borrowers to shame them into paying their loans.
Other HappyPera complaints include exorbitant interest rates, service fees, and additional charges that the company has not been very transparent about. Despite these complaints, HappyPera continues to operate.
HappyPera reviews
HappyPera loan review has an average rating of 3.3 stars in the App Store and 4.4 stars in the Play Store. Poor ratings can be attributed to misleading information on loan amounts, interest rates, service fees, and loan terms.
What they advertise on social media is exaggerated and meant to deceive people into availing of their loan service. Borrowers end up with significantly less money than what they applied for.
Overall, HappyPera loan reviews are largely negative because the company is not being completely truthful about the details of their loan, and they are resorting to devious tactics to get their borrowers to pay.
Have you used the HappyPera loan app? Share your experience here.