National Telecommunications Commission(NTC)

Good day, I have some very serious complain against Pesohere loan app. I downloaded the app not to apply for a loan ahead but to compare which lending platform/online applications has the smallest interest. It is truly not my intention to have anuamount disbursed to my account right away. I was there to learn first what are the other fees or interest I have to pay before I push through. However, just after signing up they disbursed 2k to RDpawnshop but they notified me I needed to pay 3500 with only seven-day repayment term. How is it possible and legal?!

January 9, 2024

Dear Citizen,

Greetings!

Thank you for your request dated Dec 28, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

You asked for Complaining about Pesohere loan app.

Response to your request

While our aim is to provide information whenever possible, in this instance this Office does not cater the nature of your complaint. We suggest you to visit the website of Securities and Exchange Commission.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to:

The Hon. Commissioner
NTC Bldg., BIR Road, East Triangle, Diliman, Quezon City

Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Divina Daquioag
FOI Officer