Pesoloan Overdue Payment Penalty: What Happens If Late?

By Pesoloan Editorial Team · Published 01/11/2026

Quick Answer

We could not find a published schedule of late-payment charges for Pesoloan outside the app, so the penalty that applies to you is the one in your disclosure statement and loan agreement. Under SEC rules, late-payment penalties on covered loans are capped at 5% per month of the outstanding scheduled amount, and lenders may not use threats or shaming to collect. Contact the lender before the due date if you think you will be late.

Missing a due date is stressful, and online loans make it easy to imagine the worst. This article separates what is documented from what is claimed: what Pesoloan publishes about late charges, what some borrowers say, what the rules allow and what you can do if you cannot pay on time.

What Pesoloan Publishes About Late Charges

The Google Play and App Store listings describe the loan period, limit, maximum annual rate and a worked example. They do not state a late-payment fee or a daily penalty. The company's loan-process pages do not publish a penalty schedule either.

That does not mean no penalty exists. It means the penalty is set out in the loan agreement and disclosure statement you see inside the app. Before you accept a loan, find that section and take a screenshot of it. Look for:

the penalty rate or fixed charge,
when it starts to apply, for example the day after the due date,
whether it applies to the whole balance or only the missed installment,
whether it stops growing after a certain point.

What Some Borrowers Say

Some borrowers have posted publicly about daily penalties on small loans, with a figure of around ₱200 a day appearing in a few social media posts. We cannot verify those posts, they do not identify the loan terms, and a figure quoted by one borrower may not apply to anyone else. We mention them so you know what is being said, not as evidence of what Pesoloan charges.

If you see a number online, compare it with your own disclosure statement and with the regulatory cap below.

What the Rules Say

SEC Memorandum Circular No. 3, Series of 2022, which implements Bangko Sentral ng Pilipinas Circular No. 1133, caps penalties for late or non-payment at 5% per month on the outstanding scheduled amount due for covered loans. The same circular caps the total cost of a covered loan, including interest, fees and charges, at 100% of the amount borrowed.

A simple example makes the cap easier to picture. If you miss a ₱2,000 installment, a 5% monthly cap works out to ₱100 per month, or roughly ₱3.33 per day. Compare that with the penalty in your own disclosure statement. The cap applies to covered loans, which news reports describe as short-term, small-value unsecured loans, so whether a specific loan is covered depends on its amount and term. Check the current circular on the SEC website for any updated ceilings. For how the ceilings work, see our article on the Pesoloan interest rate.

What Lenders May and May Not Do When You Are Late

SEC Memorandum Circular No. 18, Series of 2019 allows lenders to use reasonable and legally permissible means to collect, such as reminders and formal demand letters. It prohibits unfair collection practices, which include:

threats of violence or other criminal means,
profane or insulting language,
false representations, such as pretending to be a lawyer or a government officer,
disclosing or publicizing a borrower's debt to shame them,
contacting persons in your contact list other than those you named as guarantors or co-makers, even if you gave consent.

Reminder calls and messages to you are not prohibited. Pressure that crosses into the behaviors above is. For a fuller explanation, read our guide to debt collection rules and your rights as a borrower.

If You Cannot Pay on Time

Contact the lender before the due date. Use the in-app support or the email support@pesoloan.ph and ask what options exist. Keep a record of the date and what was said.
Ask for the exact amount due. Request the balance including any penalty, in writing or in the app, so you can check it against your agreement.
Pay what you can, through official channels only. Use the repayment option shown in the app. Do not send money to a personal account sent by a message. See how to pay Pesoloan using GCash.
Keep every receipt and screenshot. If a payment does not show, you will need them.
Avoid borrowing from another app to pay this one. Stacking loans can deepen the problem. Our article on multiple loans explains why.

What If Collection Goes Too Far

If you receive threats, messages to your contacts or public shaming, save screenshots, call logs and dates. You can report unfair collection to the SEC and data privacy violations to the National Privacy Commission. A notice that threatens arrest for unpaid debt is also a warning sign, because the Constitution says no person shall be imprisoned for debt. Our page on the Pesoloan demand letter explains how to tell a genuine notice from a pressure tactic.

If you are still deciding where to borrow, you can compare quick cash loans in the Philippines before you apply, including the terms and repayment details of each.

Next Steps

If you are wondering whether a higher limit means higher risk, read how Pesoloan increases credit limit. To compare repayment terms across lenders, use our main page.

FAQs

How much is the Pesoloan late fee?

We could not find a published late-fee schedule outside the app. The charge that applies is in your disclosure statement and loan agreement. Under SEC rules, penalties on covered loans are capped at 5% per month of the outstanding scheduled amount.

Can Pesoloan contact my family if I am late?

SEC rules prohibit lenders from contacting people in your contact list other than the guarantors or co-makers you named, even if you consented. If this happens, keep screenshots and consider filing a complaint.

Will I go to jail if I cannot pay?

Non-payment of a loan alone is not a crime in the Philippines, and the Constitution says no person shall be imprisoned for debt. Fraud and other offenses are different matters. If you receive an arrest threat, treat it as a red flag and verify it.

Can I ask for an extension?

You can ask. Contact support before the due date and ask what options exist. Extensions and restructuring depend on the lender, so get any agreement in writing.

Sources We Checked

Pesoloan Editorial Team. We research online lending in the Philippines and check company and registration details against public SEC records before publishing. Our articles separate documented facts from user reports and list their sources. Learn more on our author page and in our editorial policy.