PesoRedee

PesoRedee is a fintech company that offers online loans to consumers anywhere in the Philippines. They operate online to offer a fast, secure, and convenient service to clients in need of a quick loan. You can request a loan either through the website or mobile application.

New clients can request up to ₱10,000. Repeat clients can request up to ₱20,000. The time to repay ranges from 61 days to 183 days, depending on the loan amount. The service is available 24/7, and you can receive approval in a few minutes, even during non-working days. If it’s your first loan with PesoRedee, you can get a loan with a 0% interest rate if you repay the loan in full by the repayment due date. After that, normal interest rates will apply.

PesoRedee is a direct lender, so there are no intermediaries in the process. You will receive and give back the money directly to PesoRedee. If someone requests you to repay to an account different from the one you see in your account, it is likely to be a scam and must be reported immediately.

Is PesoRedee legit?

On the website footer, you can see that PesoRedee provides a registration number to the Securities and Exchange Commission (SEC) in the Philippines. This means that the company is a legally constituted entity and is authorized to lend money to consumers. They are also registered with the National Privacy Commission, which guarantees that the personal information you give them will be kept safe. 

Since they are registered, it is safe to say they are a legitimate lender. However, it is still advised to read everything carefully before accepting a loan.