What is YOPESO - Fast cash loan App?
From the moment you sign up, you get access to a quick loan approval process that offers you the best rates and flexible payment plans. YoPeso Loan App is one of the unique Fintech platforms in the Philippines to provide you 24-hour approval cash.
Their loan approval process is quick and easy. In less than 5 minutes, their loan approval process will let you know if you have the necessary requirements to qualify for a cash loan from YoPeso.
YoPeso loan app, how does it work?
Loan apps are always in high demand and seem to be a popular way to borrow money. There are many apps that allow for this with varying success rates. However, there’s a new one on the market that has gained some attention and potential users.
The YoPeso Loan App is a new loan app that helps the users find borrowers and offers loans. It works by allowing the user to download the app onto their phone from the Google Play Store. From there, the user can sign up and be ready to borrow. It’s a more convenient way to borrow money, but the downside is that the interest rates can be a skyrocket compared to traditional bank loans.
Interest rate
The interest rate of YoPeso starts at 15%. But some people says it’s more than that and there are fees associated with the principal loan amount. And even if that number may sound little as it is, it generally accounts to 0.04% a day – which is a little high if you compare it to other loan apps available.
How much does YoPeso App loans?
The principal loan amount of YoPeso App loan Philippines is PHP2,000 to PHP 20,000. The loan term, on the other hand, is 91 days to 361 days. But it’s better that you avail the shortest loan term to avoid high interest rates and possibility of late payment penalties.
Is YoPeso loan app legit? Is SEC Registered?
Yes. YoPeso Loan app is SEC registered. Even though a lot of people are saying that it’s a scam, YoPeso provides the following information to prove its legality:
- Company Name: Flying Bear Lending Corp.
- Company Registration No. Cs201919993
- Certificate of Authority No.3190
YoPeso loan benefits
The benefits of using YoPeso loan include being able to take out a loan with just a few clicks on a smartphone. Moreover, YoPeso is a convenient, easy-to-use, and affordable way to get a loan. It is enabled by the app, which is available for download on Google Play Store. The app is available for a 24-hour loan and allows users to borrow up to PHP 20,000. The app is available for Android or iPhone.
How to apply for the YoPeso loan?
To apply for a YoPeso loan, follow the simple application process below:
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Download the YoPeso Loan app on Google Play Store.
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Register a personal account – make sure to double check all your personal information before submitting.
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Choose the loan amount you prefer as well as its loan term.
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Attached some personal documents for verification process.
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Review the loan agreements, its terms, and get your cash on your preferred remittance or bank.
Requirements
Usually, YoPeso does not require hard credit or personal background check. You just have to download their app and you’re eligible for a 24-hour available loan. But the required document you must present upon signing up for an account are:
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Valid ID
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Proof of residence
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Proof of employment
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Proof of income
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Beneficiary profile
The aforementioned documents are listed on general. YoPeso may require you other documents to fulfill verification.
Moreover, the following are the people who can borrow:
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Filipino citizen
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Aged between 18 to 55 years’ old
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Persons with valid IDs like SSS, UMID, TIN, Passport, and Driver’s License ID
How to pay the YoPeso loan?
YoPeso loan allows repayment terms through their app where you can connect your debit or credit card to repay the loan you borrowed. You can also repay through remittances, online bank transactions, over the counter transactions, etc. – as long as it’s allowed and able.
What happens if you can't pay?
If it happens that you can’t pay, there are certain undisclosed late payment fees that will be charged to you. Your account may also be on hold or temporarily blocked from borrowing.
YoPeso app
YoPeso is a personal loan app that enables you to borrow up to PHP 20,000 for a 24-hour available loan. It is available on Google Play Store and is easily accessible with a quick swipe
Loan App APK
If you wish to download YoPeso Loan APK, click this link: https://apksos.com/app/com.loan.yopeso.app.yopeso
YoPeso, phone and customer service
If you have any concerns regarding your loan or wishes to raise a question regarding your application to YoPeso Loan App, you can reach them through the following contact information:
- Email: help@yo-peso.com
- Address: 8th Floor Rockwell Business Center Tower 3, 100 Ortigas Avenue Pasig 1604 Metro Manila Pasig NRC Philippines
- Working time: 9:00 am – 18:00 pm (Monday - Saturday)
As of now, YoPeso doesn’t have a phone number.
YoPeso loan app, reviews
YoPeso is a loan app for people who have bad credit or are not able to get loans from traditional lenders. People say that this app is a scam and should not be used. There are also people says that YoPeso is a loan app that helps them with everyday expenses. They have a quick and a hassle-free application process.
YoPeso Loan app Philippines has a 4.3 rating on Google Play Store.
Have you used the YoPeso loan app? Share your experience here.