Pera Agad by Cash Credit – Your Instant Cash Loan, Now in Cebu


By: admin

10 Nov 2017 | 03:16 PM


Cash Credit, an international FinTech company providing small unsecured loans to individuals and micro-entrepreneurs launched its award-winning loan service, PERA AGAD, in Cebu.

After successful launches in Metro Manila and South Luzon, PERA AGD is now available in the Visayas region, starting in the Queen City of the South. With PERA AGAD, Cebuanos will enjoy a convenient, transparent, and fast cash loan service.

In the Philippines, Cash Credit partnered with the largest telco, Smart Telecommunications and its subsidiary FINTQ, to provide loan service for their subscribers. Cash Credit's unique ability to analyse various subscriber data touchpoints, plus its established ecosystem of partners for application, distribution and collection of loans, make it possible for them to serve the unbanked and underbanked population of the Philippines.

PERA AGAD is exclusive to Smart Prepaid and TNT mobile subscribers. Pera Agad loans will benefit micro-and-small enterprises and individuals who need cash fast. Customers may begin applying for a loan online at or through accredited Smart Padala and Pera Hub partner outlets. Once approved, loans can be claimed at any Smart Padala or Pera Hub partner outlets nationwide. Repayment of the loan is made convenient with over 15,000 payment partners including 7-Eleven, Cebuana Lhuillier, Bayad Center, Gaisano, and more. The loan process is fully digital and customers can borrow up to P10,000 without collateral.

"Today, we are extremely happy to be in Cebu and to expand further the reach of a service which we all believe can change the way Filipinos access loans. Our advanced big data analytics and technology allows us to proudly state that we can create impact and sustainably grow the unbanked and underbanked individuals, turning them into established borrowers with credit history and economically include them. For us, Cash Credit is a cause in which we deeply believe and is a good example of how lives can be changed by marrying vision, technology and science," says Diana Krumova, President and Group Chief Commercial Officer of Cash Credit.

"We are excited to see Pera Agad launch here in Cebu. Enabling access to micro-loans via digital technologies through our partners such as Cash Credit is at the core of our commitment at FINTQ to growing financial inclusion by enabling our partners with breakthrough technologies that provide easy and convenient lending opportunities to Filipinos," said Lito Villanueva, managing director at FINTQ.

The service will be fully rolled-out nationwide by the end of the year and more financial services will be offered in cooperation with FINTQ and its partners.


Cash Credit's proprietary machine learning algorithm is used to assess the credit-worthiness of participants who opted-in based on their mobile consumption history and behavior. This unique approach has been successfully tested and launched on three continents across the globe in partnership with mobile operators, in Europe, Africa and Southeast Asia.


Pera Agad by Cash Credit – Your Instant Cash Loan, Now in Cebu