WowPera - Fast Safe Loan App

Pros

• Registered with the Securities and Exchange Commission
• Provides flexibility in loan amount and repayment period
• Real-time updates on loan status

Cons

• App performance issues on various device models
• Aggressive collection practices when payments are missed
• Registration and loan approval process can be lengthy compared to other apps

WowPera - Fast Safe Loan App is a free finance application available for Filipinos in need of quick and reliable lending services. This online lending tool, directly from WowPera, offers users the ability to select their preferred loan amount and payment terms.

A Trusted Lending Tool in the Philippines

WowPera - Fast Safe Loan App is recognized as one of the most reliable loan apps in the Philippines, thanks to its real-time loan status updates and its clean, easy-to-understand interface. The app is part of a broader group of online lending platforms, which include Digido Philippines Online Loan and OurCash Lend among others.

Registration with Reputable Regulatory Bodies

Given the Philippine government's active efforts against illegal lending platforms, the fact that WowPera - Fast Safe Loan App and Zippeso are both owned by Treasure Bowl Fintech Lending Corp and registered with the Securities and Exchange Commission adds to their credibility. Users can borrow up to 20,000 Philippine pesos with WowPera, with payment terms ranging from 91 to 120 days.

Interface and User Experience

The app's interface is visually appealing and easy to navigate, featuring unique icons for most of its features. While the registration process is straightforward, uploading the required documents can be somewhat difficult due to the large number and the need to photograph IDs and other papers. Both the registration and loan approval processes may take a bit longer compared to other apps.

Technical Issues and Collection Practices

Despite being free to use and government-registered, users have reported some issues with the app. Some users have reported frequent lagging and freezing, even on newer device models, which can be frustrating when filling out applications as the app doesn't save your progress. Additionally, users have mentioned experiencing distress due to constant calls and messages from the platform when payments are missed.

Conclusion

The WowPera - Fast Safe Loan App has managed to maintain its presence in the Philippine market for an extended period, offering flexibility in loan amounts and repayment periods. While there are some performance issues and aggressive collection practices, the app's legality and registration with government bodies lend it credibility.

Pros

• Registered with the Securities and Exchange Commission
• Provides flexibility in loan amount and repayment period
• Real-time updates on loan status

Cons

• App performance issues on various device models
• Aggressive collection practices when payments are missed
• Registration and loan approval process can be lengthy compared to other apps