For a Filipino borrower considering PeraMoo, the most important question is not whether the app can release money quickly. It is whether the lender behind the app is identifiable, whether the loan terms shown before acceptance match the advertised terms, and whether the amount you receive is worth the amount you must repay.
That distinction matters with PeraMoo because several pieces of public information do not line up neatly. Official SEC records identify Magician of Money Lending Corp. as a registered lending company and older SEC records list PeraMoo as its online lending platform. The current Android listing also names that company. However, the loan terms currently advertised on Google Play raise a significant regulatory question, while an iPhone listing carrying the PeraMoo name identifies a completely different developer and advertises substantially different limits and rates. (SEC Philippines)
This review is based on SEC records, current app-store disclosures, PeraMoo’s published product information, Philippine lending and privacy rules, recent borrower feedback, and an SEC-hosted complaint filed in August 2026. It is not based on a fabricated borrowing test.
| Borrower question | Current finding | Why it matters |
|---|---|---|
| Legal company | Magician of Money Lending Corp. | The company is identifiable in SEC lending-company records. |
| SEC details | CS201918391; CA No. 3157 | These match the company’s Android disclosure. |
| Online platform | PeraMoo appears in an SEC list of recorded OLPs | This is more meaningful than simply finding an app in an app store. |
| Advertised Android amount | ₱2,000–₱10,000 | Actual approved limits may differ. |
| Advertised Android tenor | 91–120 days | Falls within the range where Philippine small-loan rate rules may be relevant. |
| Advertised Android interest | 0.35% per day | This appears inconsistent with the 0.2%-per-day nominal ceiling for covered loans and should be verified against the actual contract. |
| Published fees | ₱0 other fees | Borrowers should confirm the disclosure statement rather than relying only on the store listing. |
| Published ₱7,000 example | ₱9,450 total repayment after 100 days | ₱2,450 financing cost, or 35% of principal. |
| Privacy | Android disclosure lists personal, financial, location and other data categories | Permissions should be reviewed before registration. |
| Complaints | Recent allegations include harassment, unexplained deductions and collection conduct | Complaints are evidence of reported experiences, not regulatory findings. |
| iPhone listing | Different developer and materially different terms | Verify who actually provides the loan before entering personal information. |
Is PeraMoo legitimate and properly authorized in the Philippines?
SEC records identify Magician of Money Lending Corp. as a lending company with SEC Registration No. CS201918391 and Certificate of Authority No. 3157. An SEC list of online lending platforms also associates PeraMoo with that company. This establishes an identifiable lending entity, but it does not by itself validate every current loan offer or collection practice. (SEC Philippines)
The SEC’s August 31, 2024 list of registered lending companies contains MAGICIAN OF MONEY LENDING Corp., registration number CS201918391, CA No. 3157. Earlier SEC online-lending-platform records explicitly associate PeraMoo with the same corporation. (SEC Philippines)
The current Google Play listing is consistent with those identifiers. It names Magician Of Money Lending Corp. as the developer and again states CS201918391 and CA No. 3157. It also provides a Makati address and Philippine contact number. (Google Play)
PeraMoo’s current website likewise identifies Magician of Money Lending Corp., PeraMoo as the business name, SEC No. CS201918391 and CA No. 3157. (PeraMoo)
That supports the identity of the Android product. It should not, however, be translated into the misleading phrase “SEC-approved loan.” Corporate registration, a lending Certificate of Authority and recording of an online lending platform are distinct regulatory concepts.
I also would not describe PeraMoo’s 2026 status as conclusively “active and problem-free.” The most recent SEC lending-company list I could directly verify for this company was dated August 2024. I did not find a current SEC revocation notice for Magician of Money Lending Corp. in the material reviewed, but lack of such a search result is not proof that no later regulatory action exists.
The iPhone listing needs separate verification
There is an unusual identity issue for iPhone users.
The Philippine Apple App Store currently has an application titled “PeraMoo – Online Lending App,” but Apple identifies its provider as ADL SUPPLIES AND PVC TECHNOLOGY INC., not Magician of Money Lending Corp. It advertises up to ₱85,000, 180–360-day terms and a daily rate of no more than 0.04%. (App Store)
Those terms are dramatically different from the Android listing:
| Disclosure | Android PeraMoo | iPhone listing using PeraMoo name |
|---|---|---|
| Listed provider | Magician Of Money Lending Corp. | ADL SUPPLIES AND PVC TECHNOLOGY INC. |
| Maximum loan | ₱10,000 | ₱85,000 |
| Term | 91–120 days | 180–360 days |
| Daily interest | 0.35% | Up to 0.04% |
I could not independently establish from the sources reviewed that ADL SUPPLIES AND PVC TECHNOLOGY INC. is authorized by Magician of Money Lending Corp. to operate that iOS product.
That does not prove that the iPhone application is fraudulent or unauthorized. It means the public disclosures contain an unresolved identity mismatch. Before submitting an ID, selfie, bank information or other sensitive data through that listing, verify the lender named inside the loan agreement and disclosure statement.
What does a PeraMoo loan currently advertise?
The current Android listing advertises ₱2,000–₱10,000 loans for 91–120 days, with 0.35% daily interest and ₱0 in other fees. The PeraMoo website separately advertises borrowing of up to ₱10,000 and terms of 91 days or longer. (Google Play)
Google Play states that an applicant must be at least 18, be a Filipino citizen residing in the Philippines, have stable income or employment, and provide one valid government-issued ID. (Google Play)
The company describes an online process involving registration, completion of personal information, review and disbursement after approval.
It does not publicly disclose its full underwriting model. Therefore, there is no reliable basis for claiming that every eligible applicant will receive ₱10,000, that a repeat borrower will necessarily receive more, or that salaried applicants receive better approval odds than freelancers.
How fast does PeraMoo release money?
The Android listing says approved proceeds are disbursed “instantly” to the selected channel, while the website uses terms such as “Fast Audit.” These are company claims rather than independently measured processing times. (Google Play)
Approval and settlement are also different events. Even where a lender completes its decision quickly, an actual transfer can depend on the receiving bank or e-wallet and other processing conditions.
No reliable evidence reviewed here supports promising a fixed five-minute, ten-minute or one-hour disbursement time.
What does a PeraMoo loan really cost?
PeraMoo’s own Android example says a ₱7,000 loan for 100 days produces ₱2,450 interest and ₱9,450 total repayment. That means the borrower pays 35% of the principal in stated interest over 100 days. More importantly, the advertised 0.35% daily rate raises a regulatory question for this type of loan. (Google Play)
The calculation published by PeraMoo is straightforward:
Principal: ₱7,000
Daily interest:
₱7,000 × 0.35% = ₱24.50
100 days of interest:
₱24.50 × 100 = ₱2,450
Total repayment:
₱7,000 + ₱2,450 = ₱9,450
If the borrower actually receives the full ₱7,000 and there are genuinely no other charges, the peso borrowing cost is ₱2,450.
But borrowers should not stop at the monthly instalment or the phrase “no hidden fees.” The relevant question is:
How much money reaches your account compared with how much the contract requires you to repay?
If a contract says ₱7,000 but only a smaller sum is actually released because of deductions, the effective cost relative to usable cash becomes substantially higher.
Does the advertised rate comply with Philippine rate ceilings?
This is the most important technical issue in the current PeraMoo disclosure.
SEC Memorandum Circular No. 3, Series of 2022, implementing BSP Circular No. 1133, applies specific ceilings to unsecured, general-purpose loans of ₱10,000 or less with tenors of up to four months.
For covered loans, the rules prescribe:
- nominal interest of no more than 6% per month, or approximately 0.2% per day;
- effective interest of no more than 15% per month, including applicable fees and charges other than late-payment charges;
- late-payment/nonpayment penalties of no more than 5% per month on the outstanding scheduled amount due; and
- a total-cost ceiling of 100% of the amount borrowed. (Philippine News Agency)
PeraMoo’s Android listing currently advertises 0.35% per day for loans of ₱2,000–₱10,000 with 91–120-day terms. (Google Play)
On its face, a 0.35% daily nominal rate is higher than the approximately 0.2% daily nominal ceiling for a loan that satisfies the rule’s covered-loan conditions.
That should not be converted into a definitive finding that PeraMoo is violating the law. The actual contract offered to a borrower may differ from the store description, there may be facts about a specific product that are not visible publicly, or the published listing could contain inaccurate or outdated information.
It is nevertheless a material discrepancy that a borrower should resolve before accepting an offer.
Ask for the disclosure statement and check:
Principal / amount financed → deductions → net cash received → interest → other charges → payment dates → total repayment.
Philippine law requires creditors covered by the Truth in Lending Act to disclose finance charges and relevant credit costs before consummation of the transaction. (Lawphil)
Could the amount received be lower than the amount shown?
PeraMoo currently advertises zero other fees on Google Play, so the published example assumes the borrower receives the principal amount. However, recent borrower allegations describe receiving substantially less cash than the stated loan amount. Those reports are not independently verified findings. (Google Play)
This distinction matters because several public complaints allege a gap between the stated loan and net proceeds.
For example, an August 2026 complaint published through the government’s FOI portal alleged hidden fees and disbursements where the amount received was significantly below the amount shown. The SEC did not validate those accusations in the FOI exchange; it instructed the complainant to submit the matter through the SEC’s formal iMessage complaint channel. (FOI Philippines)
A June 2026 Reddit poster similarly claimed that a ₱3,000 loan produced only ₱1,800 in proceeds, while another February 2026 discussion alleged substantial deductions across several loans. These are anonymous borrower reports, not audited loan files. (Reddit)
For that reason, screenshots of a final offer and disclosure statement are more valuable than a marketing page.
How does PeraMoo handle personal data?
Google Play says the Android app may collect personal information, financial information, approximate location, messages, installed-app information and device identifiers. Its disclosure also says financial information may be shared with other companies or organizations. Philippine rules prohibit unnecessary or disproportionate processing of borrower data. (Google Play)
Google Play’s developer-supplied data-safety disclosure lists collection that may include:
- name, phone number, email and address;
- payment information and credit-related information;
- approximate location;
- emails and SMS/MMS;
- installed-app information;
- device identifiers.
It states that financial information may be shared, that data is encrypted in transit, and that users can request deletion. (Google Play)
Those disclosures do not automatically mean every category is collected from every user; Google explicitly notes that practices can depend on the app version, region and usage.
Can an online lender contact everyone in your phone?
Not lawfully simply because the people appear in your contact list.
A March 18, 2026 joint advisory from the DICT, National Privacy Commission and SEC reiterates that unnecessary, excessive or disproportionate processing of borrower contacts is prohibited. For debt collection, lenders should not contact persons from the borrower’s phone list merely because their numbers are present there; the advisory states that collection contact is limited to properly identified guarantors.
The same advisory distinguishes character references, used for identification or verification, from guarantors, who must expressly consent to undertake responsibility for the loan.
It also tells borrowers to review permissions carefully and warns against unrestrained contact-list access. Camera or photo access, for example, should be tied to legitimate functions such as identity verification and should not remain available without purpose.
What happens if you pay PeraMoo late?
A lender can legitimately seek repayment, but collection is still subject to Philippine consumer-protection, debt-collection and privacy rules. Threats, public shaming and unlawful use of third-party personal data are not made acceptable simply because a debt is overdue.
SEC Memorandum Circular No. 18, Series of 2019 establishes rules against unfair debt-collection practices by lending and financing companies. (SEC Appointment System)
The government’s March 2026 OLP advisory specifically identifies practices involving threats, harassment, unlawful use of personal information and contacting people outside the permitted collection relationship. It directs complaints about unfair debt collection to SEC FINLEND through the SEC iMessage system.
For loans within the scope of BSP Circular No. 1133 and SEC MC 3, late-payment or nonpayment penalties are capped at 5% per month on the outstanding scheduled amount due. (ADB Law and Policy Reform)
The exact PeraMoo late fee applicable to a particular account should come from the actual loan agreement. I could not verify a current public PeraMoo contractual late-fee schedule sufficient to state one universal peso amount.
What are borrowers saying about PeraMoo in 2026?
Public feedback is mixed, but recent negative reports repeatedly raise three themes: unexpected or reduced net disbursement, difficulty stopping an application or cancelling a loan, and aggressive collection communications. These reports should be treated as allegations and anecdotes, not findings that every borrower will experience the same conduct.
A current Google Play review dated August 16, 2026 alleges that the reviewer tried to stop after checking the rates but subsequently received a disbursement. The same reviewer alleged rude and harassing collection messages after nonpayment. The listing also contains positive reviews praising ease of application and fee transparency. (Google Play)
Independent borrower discussions from 2026 include allegations of:
- receiving materially less cash than the face value of a loan;
- believing the repayment period was longer than the deadline ultimately presented;
- repeated calls and messages;
- collection communications involving third parties;
- difficulty cancelling after money had already been sent. (Reddit)
The strongest recent public complaint is not a Reddit post but an August 28, 2026 request published on the Philippine government’s FOI site. The complainant alleged harassment, insulting or threatening messages, debt shaming, data misuse and disbursement deductions. The SEC’s response directed the person to its official complaints channel; it did not state in that exchange that the accusations had been substantiated. (FOI Philippines)
That distinction is important. A complaint proves that a complaint was made. It does not by itself prove a regulatory violation.
What are the main advantages and disadvantages of PeraMoo?
PeraMoo has an identifiable corporate lender on Android, public SEC/CA identifiers and a published repayment example. Against that, the current advertised interest rate raises a regulatory question, public product disclosures differ substantially across platforms, and serious borrower complaints warrant careful pre-acceptance verification.
Potential advantages
The Android product clearly identifies its lending company, SEC registration number and Certificate of Authority rather than hiding the entity behind a brand name. Those identifiers correspond with SEC records. (SEC Philippines)
The Google Play description also gives a numerical repayment example instead of displaying only a vague “low interest” claim. A borrower can see that its advertised ₱7,000/100-day example costs ₱2,450.
Eligibility information is relatively straightforward: Philippine residence/citizenship, adulthood, income or employment, and one valid government-issued ID. (Google Play)
Material concerns
The advertised 0.35% daily interest deserves clarification against the statutory ceiling applicable to covered small short-term loans.
There is also a significant cross-platform identity issue: the Android application names the SEC-recorded lending company, while the iOS PeraMoo listing names another developer and advertises radically different product terms. (Google Play)
Finally, recent borrower allegations concerning collection conduct and net disbursement are serious enough that they should not be dismissed simply because the corporate lender appears in SEC records.
Who should be especially cautious before accepting a PeraMoo offer?
PeraMoo should not be evaluated from the approved amount alone. A ₱5,000 approval is not useful if the borrower has not checked how much will actually arrive, exactly when it is due, and what total amount must be returned.
Extra caution is warranted when:
- the displayed daily rate or total cost differs from what appeared in advertising;
- the cash being released is less than the stated principal without a clearly itemized explanation;
- a short repayment date conflicts with your salary schedule;
- the app requests permissions that do not appear necessary for lending or identity verification;
- the lender named in the agreement differs from Magician of Money Lending Corp. without a clear explanation;
- you intend to repay this loan by borrowing from another online lender.
The last situation is particularly risky. Repeated “tapal” borrowing can turn a temporary cash shortage into overlapping short-term obligations whose due dates and financing costs compound the problem.
What should you check before pressing Accept?
Do not rely on the home screen or app-store advertisement. The decisive document is the final loan disclosure and agreement shown for your specific offer. Save it before accepting and compare every number with the amount that will actually be disbursed.
A useful pre-acceptance check is:
- Confirm that the legal lender and its SEC/CA details match the entity you intended to deal with.
- Write down the approved principal.
- Check every deduction before disbursement.
- Confirm the net amount you will actually receive.
- Record every due date and payment amount.
- Add all payments to find the total repayment.
- Subtract net proceeds from total repayment to see the real peso cost.
- Review late-payment provisions.
- Review app permissions and the privacy notice.
- Take screenshots or save PDFs of the offer, disclosure statement, agreement, payment instructions and repayment confirmation.
If the numbers change between screens, stop and clarify them before authorizing disbursement.
FAQ
Can I cancel a PeraMoo loan after applying?
I could not verify a current published cancellation procedure that applies universally to all PeraMoo loans. Some 2026 borrowers report difficulty cancelling once funds have been released, but those accounts are anecdotal. Check the contract and contact the lender immediately if an application was submitted unintentionally. (Reddit)
Can I ask PeraMoo to delete my data?
Google Play states that the Android developer provides a mechanism to request data deletion. Philippine privacy rules also require personal data to be retained only as long as legally or operationally necessary, although a deletion request does not necessarily require information subject to legitimate legal-retention obligations to be erased immediately. (Google Play)
Where can I report abusive collection practices?
The March 2026 DICT-NPC-SEC advisory directs unfair debt-collection complaints involving lending or financing companies to the SEC Financing and Lending Companies Department through iMessage. Privacy-related violations may also fall within the National Privacy Commission’s jurisdiction; the NPC provides a formal complaint procedure for data subjects.
Does a high app-store rating prove that PeraMoo is safe?
No. An app-store rating reflects submitted user reviews, not an SEC audit of interest calculations, loan agreements, privacy compliance or collection activity. Licensing, pricing, data practices and borrower feedback should be evaluated separately.
Which PeraMoo app should an iPhone user trust?
The public information reviewed here does not establish the relationship between the iOS PeraMoo provider, ADL SUPPLIES AND PVC TECHNOLOGY INC., and Magician of Money Lending Corp. Because the developer and product terms differ substantially from Android, verify the legal lender inside the contract before providing sensitive information. (App Store)
Borrower decision framework
The most useful way to evaluate PeraMoo is not to ask only, “Can I get approved?”
Ask instead:
Who is lending the money? How much cash will actually arrive? What is the exact total repayment? When is every payment due? Does the rate shown in my contract comply with the rules applicable to my loan? What information does the app obtain from my phone? And could I repay this without taking another loan?
PeraMoo’s Android operation has an identifiable company and regulatory identifiers that match SEC records. At the same time, registration should not override the unresolved questions raised by the currently advertised 0.35% daily rate, differing iOS disclosures and recent complaints about collections and disbursement amounts.
For a borrower, the safest point to stop is before disbursement if the final disclosure is unclear. Once money has been released, a confusing offer becomes a real repayment obligation.
References
- SEC Registered Lending CompaniesOrganization: Securities and Exchange Commission Philippines
Resource: List of Registered Lending Companies as of 31 August 2024
URL: SEC registered lending companies PDF - SEC Online Lending Platform ListOrganization: Securities and Exchange Commission Philippines
Resource: List of Financing and Lending Companies Registered with the SEC and Their Online Lending Platforms
URL: SEC online lending platform list - PeraMoo Android ListingOrganization: Google Play
Resource: PeraMoo-online peso cash
URL: PeraMoo on Google Play - PeraMoo Android Data SafetyOrganization: Google Play
Resource: PeraMoo-online peso cash — Data Safety
URL: PeraMoo data-safety disclosure - PeraMoo WebsiteOrganization: PeraMoo / Magician of Money Lending Corp.
Resource: PeraMoo Home
URL: PeraMoo website - PeraMoo iPhone ListingOrganization: Apple App Store
Resource: PeraMoo – Online Lending App
URL: PeraMoo iPhone listing - SEC Memorandum Circular No. 3, Series of 2022Organization: Securities and Exchange Commission / Bangko Sentral ng Pilipinas
Resource: Implementation of BSP Circular No. 1133 on Interest Rate Ceilings
URL: SEC MC No. 3 s. 2022 PDF - Truth in Lending ActOrganization: Republic of the Philippines / Lawphil
Resource: Republic Act No. 3765
URL: Republic Act No. 3765 - 2026 Advisory on Online Lending PlatformsOrganization: DICT, National Privacy Commission and Securities and Exchange Commission
Resource: Public Advisory on Online Lending Platforms, 18 March 2026
URL: 2026 OLP public advisory PDF - National Privacy Commission Loan-Related Data GuidanceOrganization: National Privacy Commission
Resource: NPC Amends Circular on the Processing of Personal Data for Loan-Related Transactions
URL: NPC loan-data guidance - 2026 PeraMoo ComplaintOrganization: Securities and Exchange Commission / Philippine FOI Portal
Resource: Complaint Against PeraMoo / Magician of Money Lending Corp., August 2026
URL: SEC FOI complaint record - SEC Unfair Debt Collection RulesOrganization: Securities and Exchange Commission Philippines
Resource: MC No. 18 s. 2019 — Prohibition on Unfair Debt Collection Practices
URL: SEC MC No. 18 s. 2019 - National Privacy Commission Complaint ProcedureOrganization: National Privacy Commission
Resource: File a Complaint
URL: NPC complaint procedure
Disclaimer:This article contains affiliate links. We may earn a small commission if you apply for a loan through our links, at no extra cost to you. The information provided is for educational purposes only and does not constitute professional financial advice. Please borrow responsibly.
Last Updated on September 17, 2026 by Elena Reyes
