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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. You maintain a good GScore.
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!
Can I pay my GLoan in advance and Reloan again?
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 many months to pay for GLoan?
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. Was this article helpful?
How do you qualify for GLoan Related Questions
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.
What is the highest loanable amount in GLoan?
GLoan is GCash’s fast and easy cash loan solution where you can loan up to PHP 125,000 instantly.
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.
What will happen if I didn’t pay my GLoan?
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 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.
How can I increase my loan amount in GCash?
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 you borrow money from an existing loan?
So, yes, you can take out a loan if you already have one. You may even be able to take out additional loans if you have multiple already. It’s not uncommon for people to have a personal loan, auto loan, mortgage, and even student loans at the same time.
Can you borrow money when you already have a loan?
Yes. Many lenders allow multiple outstanding personal loans. You can take out a personal loan from multiple banks or online lenders, as long as you qualify. If you already have a lot of outstanding debt, however, a lender might not approve you for an additional loan.
What happens if I pay my GLoan early?
Yes, you may fully repay your total loan outstanding. Please note that an early settlement fee will be charged as follows: 3% of unbilled amount or minimum PHP 300 whichever is higher.
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.
Can I pay GLoan in full advance?
Follow the steps below to make full/partial early repayment: Select the loan under the Current Loans section on the SLoan for Sellers homepage. Click “Pay Loan” in the Loan Details page to select the payment period(s). Select “All” then click “Pay” to make full early repayment.
Can I use GLoan multiple times?
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.
How do I check my GLoan status?
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.
How many times can I use G gives?
Yes, you can opt to use GGives for multiple times with your favorite merchant/s as long as each purchase meets the minimum spend requirement and is within your available loan amount limit and loan count limit.
Is Gloan interest high?
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.
What is the required GScore to unlock Gloan?
You need to have a GScore of at least 80 to qualify for a loan from GCash.