Can I borrow money from GCash?

Page Contents

So, you want to know Can I borrow money from GCash?

GLoan is GCash’s fast and easy cash loan solution where you can loan up to PHP 125,000 instantly. You can use your loan to pay bills, go shopping with over 200,000 GCash partner merchants, and you can also cash out your loan to your chosen bank account or cash out channels using GCash’s Send Money feature.

How can I check my GCash loan eligibility?

You must be 21 to 65 years old. You must be a Filipino national. Your GCash profile needs to be fully verified via the GCash app using any of the following IDs: You have a good credit record and did not commit any fraudulent transactions.

How much can you borrow from GLoan?

Users can get pre-approved for a loan up to PHP 125,000. You can pay for your loan within 24 months depending on your eligibility and loan amount. Interest fees will range from 1.59% to 6.57% per month. Please view your Gcash app to check your loan eligibility.

What is the benefits of GCash loan?

Instant cash. Up to P125K straight to your GCash wallet, payable up to 24 months! Easy approval. Zero additional documents and collateral needed, approved agad basta pataasin ang GScore! Low interest rates. As low as 1.59% per month! Safe and secure.

Can I borrow money from GCash Related Questions

How can I borrow from GLoan again?

I already have an existing GLoan, can I apply for another one? Customers are only allowed to take one GLoan at a time. Pay your loan in full as soon as possible to become eligible for your next GLoan!

What will happen if you don’t pay your loan in GCash?

Penalty Charges A ₱100 fixed penalty fee will be charged on each unpaid installment a day after your due date, plus a variable penalty fee of 0.15% of Daily Outstanding Principal Balance that will be charged every day.

How fast is GLoan approval?

The application process will take up around 5-10 minutes. GLoan are pre-approved loans and will instantly be approved once done with the application process. You will see this confirmation message if you had a successful GLoan application.

Why is GLoan not available?

Your eligibility for GLoan may change from time to time based on your GCash activity and is subject to credit risk rules and policies. We encourage you to keep using GCash services to unlock GLoan again. If you’re a GCredit user, maintain good credit behavior to requalify for GLoan.

Can I loan again if I pay GLoan in full?

Customers are only allowed to take out one GLoan at a time. Pay your loan in full as soon as possible to become eligible for your next GLoan! Don’t forget — you may apply for a GLoan as long as you are eligible, regardless of your dues with other products such as GCredit. Was this article helpful?

Can I pay GLoan in 1 month?

Yes! You may pay your loan in full through the GLoan feature in the app. You can check the total amount that you need to pay through your amortization schedule or by simply multiplying your monthly due amount to your remaining months to pay the loan.

How can I increase my loan limit in GCash?

Make sure your GCash account is fully verified. Link your bank account or Mastercard card to GCash. You will receive an SMS confirmation of your wallet limit increase a day after successfully linking your bank account to GCash.

Can you have multiple loans in GCash?

Yes, having multiple active GGives loans is now possible! Just make sure your total loan amount is within your loan amount limit and the number of loans you have is within your loan count limit.

What is the monthly interest rate for GCash loan?

Interest fees vary depending on the eligibility and tenor. For loans with 5 to 24 months tenor, interest fees range from 1.59% to 6.57% per month. Please view your GCash app to check your loan eligibility.

What is the benefit of high GScore in GCash?

Your GScore is the primary basis for you to qualify to use our lending products such as GCredit, GGives, and GLoan. All GCash users have a GScore, which is a score that reflects how active you are when you use GCash. Having a high GScore gives you access to GCredit.

How can I make money with GCash?

The name of the game when it comes to earning at mgames is to earn via the two compete modes: Compete to win Gcash rewards or Daily clash and Compete to win Points or Daily 7-Challenge. By competing in the Daily clash, you will win the rewards instantly and compete unlimitedly.

Is GLoan automatically deducted?

To help you manage your GLoan payments and avoid additional charges, simply cash-in your GLoan amount due and we will automatically deduct it directly from your GCash wallet. Auto-deduction starts on the day of your due date until full settlement of your total amount due.

How much is a second GLoan?

How much 2nd loan in GCash you can avail of is based on your GScore, good credit record, and absence of any fraudulent transactions. Your GCash 2nd loan amount is Php 5,000 minimum to a maximum of Php 50,000. GCash payment extension 2022.

Where can I check my GLoan balance?

STEP 1: Log into your GCash Account. STEP 2: Tap View all GCash Services on the GCash Dashboard. STEP 3: Tap GLoan under Financial Services. STEP 4: You will be shown your breakdown of dues.

What is minimum amount due on GCash?

To know more about your bill, visit Where do I see my Minimum Amount Due? Your Minimum Amount Due for this billing cycle is PHP 200. When you pay your Minimum Amount Due, your remaining credit limit will be replenished by PHP 150, which is 15% of your unpaid charges.

What is the credit limit for GCash?

GCredit gives you a credit line of up to PHP 30,000 that allows you to instantly pay for your online transactions and your essentials at a later date to over 100,000 stores and billers with no additional requirements needed.

Leave a Comment