Is Peso Redee legit?
Peso Redee is on the SEC list, but its published top rate is above the SEC caps on a ₱5,000, 120-day loan. It is run by Peso Redee Financing Co. Inc (SEC Reg. No. CS201804564, CA No. 1165). The SEC list dated Sep 29, 2026 records it as "Peso Redee". Being registered does not make every charge lawful: a charge above the caps can be reported to the SEC. SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| App on the SEC list of recorded online lending platforms (dated Sep 29, 2026) | Yes, as "Peso Redee" | SEC list, Sep 29, 2026 |
| Company and SEC Reg. No. | Peso Redee Financing Co. Inc., CS201804564 | SEC list, Sep 29, 2026 |
| Certificate of Authority No. | 1165 (as printed by Peso Redee) | Google Play, updated May 14, 2026 |
| Price published | Yes: APR 0% to 180%. | Google Play, updated May 14, 2026 |
| Loan amount and term | ₱1,000 to ₱30,000, over 90 to 720 days | Google Play, updated May 14, 2026 |
| Google Play rating | 4.6 of 5 from 31,936 ratings, 1M+ installs, as of Oct 2, 2026 | Google Play, updated May 14, 2026 |
On ₱5,000 for 120 days, Peso Redee's published terms come to at most ₱3,000 in interest and fees: Peso Redee states a combined interest-and-fees rate of 15% a month, which works out to an all-in cost of 21.9% a month on the cash you receive because you repay in instalments but pay interest on the original amount the whole time. Peso Redee on Google Play, updated May 14, 2026
Working: 180% a year × 120/360 days × ₱5,000 = ₱3,000 (interest and fees). The all-in rate is the monthly rate at which 4 payments of ₱2,000 repay the ₱5,000 you receive (SEC MC No. 14 s.2025 Sec. 2(d)).
Above the SEC caps for this loan: no separate interest rate to test against the 6% cap; all-in 21.9% a month against the 12% cap (above it) (SEC MC No. 14 s.2025, effective Apr 1, 2026). SEC MC No. 14 s.2025
Next: check the worked Disclosure Statement below, then compare Peso Redee with the other recorded apps, or get it from its official Google Play listing.
Peso Redee interest rate and what you pay back
APR 0% to 180%.Its own example, ₱10,000 for 90 days
a borrower who took ₱ 10'000 for 90 days gets ₱ 10'000 and has to return ₱ 14'500
- You pay back
- ₱5,000 to ₱8,000
- Cash you receive
- ₱5,000
- Interest and fees
- ₱0 to ₱3,000
- All-in cost (EIR) a month, at most
- 21.9%
- Share of the loan
- 60%
Terms from Peso Redee's Google Play listing, updated May 14, 2026. The calculator gives the same ₱14,500 for Peso Redee's own example. Documentary stamp tax on a ₱5,000 loan for 120 days is about ₱12.33 (NIRC Sec. 179); check whether the Disclosure Statement passes it on. DST calculator Source
Peso Redee Disclosure Statement, worked out: ₱5,000 for 120 days
Peso Redee must give you this statement in writing before the loan is made (RA 3765, the Truth in Lending Act, Sec. 4). These are the figures it should show at its published maximum; if yours differ, ask why before you accept.
| Figure | Inputs | Rule | Result |
|---|---|---|---|
| Amount financed | ₱5,000 borrowed, nothing taken off | RA 3765 Sec. 4(5) | ₱5,000 |
| Interest and fees (one combined rate) | 180% a year × 120/360 days × ₱5,000 | Peso Redee's published maximum | ₱3,000 |
| Finance charge | Interest + every fee above | RA 3765 Sec. 4(6) | ₱3,000 |
| Simple annual rate | Peso Redee publishes its maximum APR | RA 3765 Sec. 4(7) | Up to 180% |
| Late penalty, at most | 5% × ₱8,000 due | SEC MC No. 14 s.2025 Sec. 3 | ₱400 a month |
| All charges together, at most | 100% × ₱5,000 | SEC MC No. 14 s.2025 Sec. 3 | ₱5,000 |
| Documentary stamp tax on the loan | ⌈₱5,000 ÷ ₱200⌉ × ₱1.50 × 120/365 | NIRC Sec. 179, as amended by RA 10963 | ₱12.33 |
| Owed to you if the statement leaves one out | Greater of ₱100 or 2 × ₱3,000, up to ₱2,000 | RA 3765 Sec. 6(a) | ₱2,000 |
Should you borrow from Peso Redee?
For ₱5,000 over 120 days, Pocketcash (Elending) costs at most ₱300, which is ₱2,700 less than Peso Redee's published maximum of ₱3,000.
Choose Peso Redee if
- you want to spread payments over as long as 720 days.
Skip Peso Redee if
- you borrow ₱5,000 for 120 days at its top rate: that is above an SEC cap.
Peso Redee requirements, customer service and how to pay
- Requirements
- Philippine citizen older than 18; At least one valid ID; Mobile number; Bank account or e-wallet
- help@pesoredee.ph
- Phone
- Not listed on its Google Play listing
- Pay through
- E-wallets (GCash, PayMaya, Coins.ph) or online banking through Dragonpay, Bayad Center, LBC, Cebuana, SM or Robinsons payment centers, RD Pawnshop and Palawan Express through Dragonpay
As Peso Redee lists them on its Google Play listing, updated May 14, 2026. Use only these channels or the app itself. Source
If you cannot pay Peso Redee on time
If all ₱8,000 of a ₱5,000, 120-day Peso Redee loan fell due unpaid, the penalty could be at most ₱400 a month, and interest, fees and penalties together could never pass ₱5,000. Peso Redee Financing Co. Inc's collectors, and any agency it hires, may not post your details, threaten you, call before 6 a.m. or after 10 p.m., or message anyone in your contacts except the guarantors you named (SEC MC No. 18 s.2019).
Complain to Peso Redee first at help@pesoredee.ph. If that fails, report Peso Redee Financing Co. Inc to the SEC on hotline 14732 or the iMessage portal, and report messages to your contacts to the National Privacy Commission at complaints@privacy.gov.ph. All eight prohibited collection practices.
This page covers Peso Redee's published terms and SEC record, not the offer in your own loan agreement. For a dispute over a specific loan, contact Peso Redee first, then the SEC (hotline 14732); for a legal claim, a lawyer.
Questions about Peso Redee
Who owns Peso Redee?
Peso Redee Financing Co. Inc (SEC Reg. No. CS201804564), per the SEC list dated Sep 29, 2026.
What is Peso Redee's interest rate?
Peso Redee states (Peso Redee's Google Play listing, updated May 14, 2026): "APR 0% to 180%." On ₱5,000 for 120 days: Peso Redee states a combined interest-and-fees rate of 15% a month, which works out to an all-in cost of 21.9% a month on the cash you receive because you repay in instalments but pay interest on the original amount the whole time.
What are the requirements for Peso Redee?
Peso Redee lists (Peso Redee's Google Play listing, updated May 14, 2026): Philippine citizen older than 18; At least one valid ID; Mobile number; Bank account or e-wallet.
What is Peso Redee's customer service number or e-mail?
E-mail: help@pesoredee.ph. As listed by Peso Redee (Peso Redee's Google Play listing, updated May 14, 2026).
How do I pay my Peso Redee loan?
Peso Redee lists these channels (Peso Redee's Google Play listing, updated May 14, 2026): E-wallets (GCash, PayMaya, Coins.ph) or online banking through Dragonpay, Bayad Center, LBC, Cebuana, SM or Robinsons payment centers, RD Pawnshop and Palawan Express through Dragonpay. You should get a payment reference or receipt in the app; if none appears, the payment has not posted, so keep your proof of payment.
Does Peso Redee call your contacts?
Peso Redee Financing Co. Inc may not contact anyone in your phone contacts except the guarantors or co-makers you named, even if you allowed access (SEC MC No. 18 s.2019, Sec. 1(h), issued Aug 19, 2019). Raise it with Peso Redee at help@pesoredee.ph, then the SEC on 14732.
Cheaper than Peso Redee for ₱5,000 over 120 days
No lender pays to appear on this site or to change its position.
- Pocketcash (Elending): at most ₱300 in interest and fees (18% a year × 120/360 days × ₱5,000 = ₱300 (interest and fees)); lends ₱1,000 to ₱50,000.
- Vplus: at most ₱300 in interest and fees (18% a year × 120/360 days × ₱5,000 = ₱300 interest); lends ₱1,000 to ₱50,000.
- Pesos.ph: at most ₱395 in interest and fees (24% a year × 120/365 days × ₱5,000 = ₱395 interest); lends ₱1,500 to ₱50,000.