Page Contents
You may pay your Minimum Amount Due (MAD) stated on your Statement of Account or on the GCredit Dashboard without incurring any penalties. However, the remaining amount due will still incur interest charges.
What is the payment option for GCredit?
Pay through the GCash App. Pay through GCredit Auto-Deduct. Pay through GCash payment partners.
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 much is the penalty for late payment in GCredit?
The PHP 200 penalty fee and PHP 60 additional interest due will be charged on your next billing date. If you are unable to pay your Total Amount Due, you may opt to pay the Minimum Amount Due to avoid being penalised and continue using your GCredit account.
Can I pay partial payment in GCredit Related Questions
Does GCash accept overdue payment?
Yes, you can pay for overdue bills using GCash except MERALCO and select billers which do not accept late payments. Please refer to the additional reminders from the biller.
What is the highest credit limit in GCredit?
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. A credit line allows you to borrow money anytime to complete your online transactions.
Does GCredit affect credit score?
Not using your GCredit will not affect your GScore. But if you do use your GCredit and pay your dues on time, this can positively impact your GScore, potentially increasing your GCredit amount in the future.
How can I increase my credit limit in GCredit?
Always use GCredit in your transactions such as Pay Bills, Pay QR, Shop Online, and GLife to increase your GCredit Limit. Limit increases based on your GCredit Activity, your GScore and how much you’re spending using GCredit.
Can I use GCredit as credit card?
GCredit is a revolving mobile credit line on the GCash app that you can use to pay for goods and services in GCash QR-accepting merchants, shop online in selected e-commerce merchants, or to pay for bills in the “Pay Bills” feature on the GCash app!
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?
How do I pay GLoan in full?
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.
What is the punishment for not paying loan in Philippines?
In the Philippines, the usual late payment fees for an unpaid loan range from 200 to 600 pesos per month, or 7 to 10 percent of the loan amount, depending on which one is higher. You might suffer from repossession or foreclosure, depending on your loan.
What is the interest rate on GCash credit?
Interest rates range from 5 to 7%, depending on your GScore. Your GCredit account will be evaluated every month based on your GScore, which will affect the interest rate you are charged. For more information, visit our Help Center article on how to increase your GScore here.
Can GCredit be deactivated?
Outstanding GCredit dues past your due date may deactivate your account. Settle your outstanding GCredit dues within 3 months to reactivate your account.
Can you use GCredit twice?
GCredit can give you up to PHP 10,000 Credit Line and up to 5% Interest Rate (monthly) which is prorated; meaning that the earlier you pay your dues, the lower your interest fee is. You can also use your GCredit again if you pay for your dues early.
Why is GCash suspended?
Your account might have been compromised which may have caused its suspension. This is to ensure that no suspicious or unauthorized transactions may occur in your account.
Can I pay bills using GCash while abroad?
GCash is available overseas for Fully Verified users. Please see the table below for the list of services available for Philippine-issued and Non-Philippine issued SIM while overseas.
Can GCash be deactivated?
When you request for account deletion, your account will first be tagged as inactive. Once your account is tagged as inactive, an error prompt to contact GCash Support will be displayed on your Login Screen and you will no longer be able to log in.
How can I increase my GCash credit limit to 500k?
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. Enjoy your higher wallet limit!
What is a GCredit score of 350?
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 350 FICO® Score is significantly below the average credit score.