If you’ve come across Pero Loan or the Peroloan.ph lending app, you might be wondering whether it’s legit, SEC registered, or if the growing harassment complaints online are true. In this in-depth review, we’ll cover everything about Pero Loan Philippines — from its SEC registration status, loan process, interest rates, customer feedback, to harassment investigation reports circulating on Reddit and social media.
We’ll also check whether Pero Loan remains safe to use in 2026 or if it has been revoked by authorities.
What is Pero Loan App Philippines?
Pero Loan is an online cash loan app that claims to provide instant lending services for Filipinos. Users can apply for small loan amounts directly through the Pero Loan app or the official Peroloan.ph website.
According to its description, the app offers quick approval, minimal requirements, and fast disbursement, targeting individuals who need urgent funds for bills, emergencies, or daily expenses.
However, there’s growing concern regarding the app’s legitimacy and harassment practices. Many borrowers have reported privacy violations, rude collection agents, and unauthorized data access — similar to issues found in other unregistered online lending apps in the Philippines.
Is Pero Loan SEC Registered or Revoked?
The first thing to verify when dealing with any online lending app is its SEC registration. As of the latest data available, there are no official SEC registration records under the name “Pero Loan” or “Peroloan.ph” on the Philippine Securities and Exchange Commission (SEC) website.
This means Pero Loan is not legally registered as a lending company under Republic Act No. 9474 (Lending Company Regulation Act of 2007).
Without a valid SEC Registration Number, the app cannot legally operate or collect interest in the Philippines.
If the app was previously listed but later removed, it may have been revoked for violating data privacy or lending rules. Always verify the company’s SEC status through the official SEC portal before applying for a loan.
Pero Loan Harassment Complaints and Victim Reviews
1. Harassment and Privacy Violations
Numerous borrowers have shared Pero Loan harassment reviews on Reddit, Facebook, and Tagalog consumer forums. Complaints often describe:
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Harassing messages or calls to borrowers and their contacts
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Accessing phone contact lists without permission
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Threatening language from collection agents
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Posting borrower photos online or sending messages to family and employers
These actions are serious Data Privacy Act violations, and if proven true, could lead to criminal liability under Republic Act No. 10173.
2. Victims’ Experiences
Victims claim that after borrowing small amounts (₱1,000–₱5,000), Pero Loan charged high interest rates and short repayment terms, resulting in higher balances than expected.
Some users report that even after full repayment, Pero Loan collectors continued to harass them, demanding additional “penalty” payments.
If you’ve been harassed by Pero Loan agents, you can file a complaint with:
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SEC Enforcement and Investor Protection Department (EIPD)
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National Privacy Commission (NPC) for data privacy violations
Loan Details: Amount, Interest Rate, and Requirements
1. Loan Amount and Terms
Pero Loan advertises that borrowers can apply for ₱1,000 to ₱10,000, with repayment periods ranging from 7 to 30 days.
2. Interest Rates
Interest rates vary depending on your credit profile, but several reviews indicate interest rates as high as 30%–45% per month, which exceeds legal lending limits.
3. Requirements
To apply for a Pero Loan cash loan, you typically need:
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Valid government ID (e.g., UMID, PhilID, or Driver’s License)
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Active mobile number and email address
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Bank or GCash account for disbursement
4. Application and Login Process
Borrowers can download the Pero Loan APK (for Android) or use the iOS app via App Store (if available). Login is done using your registered mobile number and OTP verification.
However, since the app is not SEC registered, downloading it from unofficial sources may expose your device to malware or data theft.
Is Pero Loan Safe and Legit in the Philippines?
Based on verified information and borrower experiences, Pero Loan is not recommended for safe online lending.
Here’s why:
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❌ Not SEC registered (no valid SEC registration number)
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❌ Multiple harassment complaints and reports of privacy abuse
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❌ Extremely high interest rates
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❌ Unclear customer service or contact email address
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❌ Unverified company address and ownership details
For safe alternatives, consider SEC-registered lending platforms like:
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Cashalo (SEC Reg. No. CS201734512)
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Tala Philippines (SEC Reg. No. CS201710582)
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GCash Loan / GLoan by Mynt (regulated under BSP)
These apps provide transparent terms, data privacy compliance, and better customer service.
Pero Loan Customer Service and Contact Info
There is no official customer service hotline or verified email address for Pero Loan as of 2026. The absence of clear contact details is another red flag for borrowers.
If you have already borrowed from the app and are experiencing harassment or collection abuse, contact:
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SEC EIPD Complaint Center: complaints@sec.gov.ph
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National Privacy Commission: complaints@privacy.gov.ph
Be sure to attach screenshots, messages, and any proof of harassment for investigation.
Final Verdict
While Pero Loan promises instant cash loans, it lacks the SEC legitimacy, ethical practices, and consumer protection required by Philippine law.
Borrowers are strongly advised to avoid this app and only use SEC-registered and BSP-supervised lending platforms for their financial safety.
If you’ve already been victimized, immediately report to SEC or NPC, and never share your contacts or personal data with unknown loan apps again.
Nicholas Bloom is a renowned British economist and professor at Stanford University, best known for his groundbreaking research on management practices, remote work, and productivity. His studies have significantly influenced how organizations adapt to modern work environments. Bloom has collaborated with leading institutions worldwide and frequently contributes insights on economic growth, innovation, and workplace dynamics, making him one of the most respected voices in contemporary economic research.
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