PERA AGAD Now in CEBU

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Cebuanos can now get convenient cash loan service with PERA AGAD!

Individuals and micro entrepreneurs in Cebu can now stop getting loans from loan sharks and ‘5-6’. Smart prepaid and TNT subscribers in Cebu can now avail of convenient and transparent cash loan servie with PERA AGAD.

Pera Agad offers a unique and pioneering unsecured loan service for amounts of up to Php10,000.00 and targets predominantly the unbanked and underserved population in the Country. “Pera Agad loans will benefit micro enterprises and individuals who need cash fast. Applying is done digitally and loans are granted within minutes,” said Diana Krumova, Cash Credit president and chief commercial officer.

Pera Agad requires applicants to be Smart and TNT prepaid subscribers for at least six months, since the loanable amount will base the creditworthiness of the borrower based on his prepaid load consumption.

“Cash Credit analyzes and develops a machine learning algorithm to assess the creditworthiness of the subscribers based on their history and behavior with their mobile operator,” said Cash Credit, adding that this approach has been successful in other countries where it is present.

Repayment term ranges from four to 36 weeks, and loans can be paid at 7-Eleven, Cebuana Lhuillier, and Bayad Center branches. To avail of a loan, Smart and TNT subscribers have to text LOAN to 2423. They will receive a text from Pera Agad and they need to key in “OO” as a reply. Loan applicants need to go to authorized Smart Padala Centers and bring one government ID and their SSS number, and fill out an application form. In less than an hour, if approved, they can claim their loan.

Customers may begin applying for a loan via mobile or at www.peraagad.ph