Pesohere Requirements: Full Checklist
Having everything ready before you open the app saves you from an application getting stuck halfway through. Here's the full requirements checklist, along with a plain explanation of why each item is asked for.
Basic eligibility
- Filipino citizen or resident currently living in the Philippines.
- At least 18 years old — the minimum legal age to enter into a binding loan contract.
- An active, valid mobile number registered in your own name, used for SMS verification (OTP) and account recovery.
Documents you'll need on hand
1A valid government-issued ID
Commonly accepted IDs include a UMID, driver's license, Philippine passport, PhilSys National ID, postal ID, or voter's ID. This is used for identity verification and is a standard "Know Your Customer" (KYC) requirement, not something unique to loan apps.
2A selfie or live photo
Apps typically require you to take a real-time photo (not an uploaded gallery image) to confirm you match your ID and that the application isn't being submitted by someone else using your documents.
3Proof of income or employment information
This can range from a simple declaration of your occupation and monthly income to payslips or bank statements, depending on the loan amount you're requesting. It's used to size your loan limit responsibly relative to your ability to repay.
4A payout account
A personal bank account or e-wallet (such as GCash or Maya) in your own name, where the loan proceeds will be sent. It should match your registered name to avoid delays.
5App permissions during onboarding
Depending on the version, the app may request permissions like camera (for the selfie step) and, in some cases, contacts. Review each permission request individually rather than accepting all at once — you generally are not required to grant contact-list access to open an account, even if the app prompts for it early.
Typical loan amounts and terms
| Item | Typical range reported |
|---|---|
| First-time loan amount | ₱1,000 – ₱10,000 |
| Repayment term | Short-term, often 5 to 30 days depending on the product |
| Approval time | Minutes to 1–2 business days |
These figures are based on publicly available app store and borrower-reported information and can change; always check the exact figures shown on your own disclosure statement before accepting, since that document, not any article, is the binding source.
What happens if your application is declined
A declined application isn't necessarily a permanent verdict on your creditworthiness. Common reasons include a mismatch between your ID details and your registered name, an unclear or poorly lit selfie photo, or simply exceeding the app's internal risk threshold at that moment. Many apps allow you to reapply after a waiting period, often with a corrected document or a clearer photo, so it's worth reviewing your submission for these common issues before assuming the decline is final.
Before you tap "Confirm Loan"
Read the loan disclosure screen carefully — it should show the principal amount, total interest, all fees, the exact amount to be disbursed, and the full repayment schedule. Screenshot this screen before confirming. If any of this information is missing or unclear, that is itself worth raising with support before you proceed.
How your first-loan limit is usually decided
First-time borrowers are typically offered a smaller amount on the lower end of the published range, with the limit increasing over subsequent loans as you build a repayment history with the app. This is standard risk-based lending practice across the industry, not something specific to any single company. If you're offered a much larger amount than expected on your very first application, treat that as worth double-checking rather than automatically good news, since a larger-than-typical first loan can sometimes come with a correspondingly higher effective cost.
Requirements that should make you pause
Be cautious of any step that asks for your online banking password (not just your account number), a copy of your ATM card, or an upfront "processing fee" paid separately before disbursement through an unofficial channel like a personal GCash number. Legitimate lenders deduct authorized fees from the loan proceeds itself or disclose them clearly in the loan agreement — they do not need your banking password to send you money.
Common questions
Generally no for small, short-term online loans of this type; they are typically unsecured, meaning no collateral or co-signer is required, though this raises the underlying interest rate compared to secured loans.
Most apps accept prepaid numbers as long as they can receive SMS for OTP verification, but a number you've used consistently for a while may be viewed more favorably than a brand-new SIM.
Many apps accept a simple self-declared occupation and income for smaller first-time loan amounts, since this category specifically targets borrowers without extensive formal banking history.
Bottom line
Prepare a valid ID, a working selfie camera, basic income information, and a payout account in your own name before you start. Read the full disclosure statement before confirming, and treat any request for your banking password or a separate upfront cash fee as a reason to stop and verify.
Want to compare requirements and rates across several lenders first? See loan app options in the Philippines at Pesohere.top.
Pesohere.top Editorial Team
Consumer finance research desk
We cross-check SEC, NPC, and app store records on Philippine lending apps so borrowers can verify facts before applying. Read our editorial policy.