Magician of Money Lending Corp. is a Philippine lending company operating the PeraMoo online personal-loan platform. PeraMoo allows eligible customers to register through a mobile application, submit personal and financial information, undergo an assessment and receive an individual loan offer.
PeraMoo is the company’s confirmed online lending brand. Philippine SEC-related records connect Magician of Money Lending Corp. with SEC Registration Number CS201918391, Certificate of Authority Number 3157 and the PeraMoo platform.
Magician of Money Lending Corp. operates under the PeraMoo brand.
The current Android application is called PeraMoo – Online Peso Cash and is published by Magician of Money Lending Corp. The application remains available through Google Play, has more than five million downloads and was last updated on December 23, 2025.
No other currently verified online lending brand operated by Magician of Money Lending Corp. was identified. An official iPhone application was also not confirmed.
The current PeraMoo application publishes the following general product conditions:
The service fee depends on the customer’s risk assessment and is deducted when the loan is disbursed. This means the amount transferred to the borrower can be lower than the approved principal.
The maximum ₱50,000 amount and 360-day term are not guaranteed. The amount, rate, service fee and repayment period offered to a particular customer depend on the application and the company’s assessment.
The official application provides an example based on a ₱7,000 loan issued for 150 days.
The example uses:
The interest is calculated as:
₱7,000 × 18% ÷ 360 × 150 = ₱525.
The service fee is calculated as:
₱7,000 × 8% = ₱560.
The total repayment is:
₱7,000 + ₱525 + ₱560 = ₱8,085.
If the service fee is deducted before disbursement, the borrower would receive ₱6,440 while remaining responsible for the ₱7,000 principal, interest and other disclosed obligations.
The application description also shows a “monthly repayment” figure of ₱7,105. This figure is inconsistent with the published total repayment and 150-day loan period. Borrowers should not use that line to calculate installments and should instead rely on the payment schedule in their individual Disclosure Statement.
The current application lists the following basic eligibility requirements:
Meeting these basic requirements does not guarantee approval. Magician of Money Lending Corp. may verify the applicant’s identity, income, contact information and other data before deciding whether to issue a loan.
The public application description does not specify:
The current requirements displayed during the application process should be treated as controlling.
The public Google Play description does not provide a complete document checklist. Depending on the current verification process, an applicant may be asked to provide:
The application’s data-safety disclosure states that PeraMoo may collect location, personal information and several other categories of data. It may also share financial information with third parties.
Applicants should review the application’s current privacy policy and permission requests before submitting personal information.
The customer should install the PeraMoo Android application published by Magician of Money Lending Corp.
Before registration, the applicant should verify:
An application using the PeraMoo name but showing another developer should not be treated as official.
The applicant creates an account using a personal mobile number. The number may be used for:
Passwords, PINs and one-time verification codes should not be disclosed to another person.
The customer enters the personal, contact, employment and income information requested by PeraMoo.
The information should be accurate and consistent with the applicant’s identification documents. Incorrect or incomplete details may delay the assessment or lead to rejection.
The applicant may be required to upload a government-issued ID and take a selfie.
The documents should be submitted only through the official application. IDs, selfies and financial information should not be sent to an unidentified person through SMS, Facebook, Telegram or another private channel.
The customer provides the bank account, electronic wallet or other receiving method supported by the application.
The receiving account should normally belong to the applicant. Incorrect details may delay or prevent disbursement.
After the application has been submitted, Magician of Money Lending Corp. reviews the information and provides a decision.
The company may:
Before confirming the loan, the applicant should check:
The individual Disclosure Statement and loan agreement take priority over general information in the application description.
PeraMoo describes its application as a digital process in which customers register, complete the form, wait for the assessment and claim an approved loan. The public description does not provide a guaranteed approval or disbursement time.
Processing may take longer when:
An applicant should not pay an advance fee to an individual claiming that approval or release of funds can be guaranteed.
PeraMoo publishes an APR range of 10% to 26% and a one-time service fee ranging from 5% to 15%. The service fee is deducted at disbursement and varies according to the borrower’s evaluated risk profile.
The application says that there are no other standard fees. Nevertheless, the borrower should confirm whether the individual transaction includes:
A loan with an 18% APR may still have a significantly higher effective cost when a substantial service fee is deducted before the money is transferred.
The current public application page does not provide a complete list of repayment channels.
Borrowers should follow only the payment instructions displayed in:
Before making a payment, the borrower should confirm:
Money should not be transferred to an unidentified personal bank account or e-wallet belonging to someone claiming to represent Magician of Money Lending Corp.
Receipts and transaction-reference numbers should be retained until the payment appears in the customer’s account.
The public PeraMoo application description does not explain whether early settlement reduces future interest or whether a separate settlement charge applies.
A borrower planning to repay early should request a payoff calculation showing:
The account should not be considered closed until PeraMoo confirms that the remaining balance is zero.
The public application page does not publish one universal overdue penalty applicable to all PeraMoo loans.
The individual agreement should state:
A customer expecting repayment difficulty should contact PeraMoo before the due date and request written information about available options.
Magician of Money Lending Corp. is included in the Credit Information Corporation’s current records. Relevant information about a PeraMoo loan and its repayment status may therefore become part of the Philippine credit-information system.
Late, missed or unpaid obligations may affect future applications with lenders and financial institutions that use CIC information.
The current Google Play disclosure states that the PeraMoo application may collect:
It may also share financial information with third parties.
The official privacy-policy page identifies Magician of Money Lending Corp. as the company responsible for the platform and uses the same SEC Registration Number and Certificate of Authority as the application.
Applicants should check:
A request for account deletion may not immediately remove records that must be retained because of an active loan, credit reporting, fraud prevention or another legal requirement.
Magician of Money Lending Corp. has the following confirmed regulatory details:
Company: Magician of Money Lending Corp.
Brand: PeraMoo
SEC Registration Number: CS201918391
Certificate of Authority Number: 3157
Certificate of Authority date: November 7, 2019
The historical SEC register listed an interest rate of 3% per month for the company. That figure is old and should not be presented as the current PeraMoo price because the active application now publishes an APR range of 10% to 26% and a separate service fee.
Company: Magician of Money Lending Corp.
Brand: PeraMoo
Company website: www.peramooweb.com
Brand website: www.peramoo.com
Android application: play.google.com/store/apps/details?id=com.peramoo
Application support email: [email protected]
Developer email: [email protected]
Application phone: +63 965 642 7825
Developer phone: +63 975 230 2115
Additional website phone: +63 965 642 7875
Office address: Unit 1806, Cityland Pasong Tamo Tower, 2210 Chino Roces Avenue, Pio del Pilar, Makati City 1230, Metro Manila, Philippines
The official sources publish two similar customer-service numbers ending in 7825 and 7875. Customers should confirm the current number through the application before sending documents, arranging a payment or visiting the office.
Yes, the Magician Of Money Lending Corp. is legit. It registered with the Securities and Exchange Commission (SEC), with Registration No. CS201918391 and Certificate of Authority No. 3157. To verify this information, you may also visit the official SEC website.
If you want to file a complaint against "Magician Of Money Lending Corp.", you may leave a review or contact the SEC by email at [email protected] or by calling the SEC Call Center at 02-5322-7696.
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