Guide on GLoan / GCash Cash Loan Application Process
GLOAN – Here is a guide on how to apply for the cash loan offer of GCash to the qualified users of the e-wallet platform.
Nowadays, not only banks and lending companies offer loans but as well as some e-wallet platforms. One of these is GCash, a virtual wallet platform that is under the Globe Fintech Innovations, Inc. and is operated by G-Xchange. Millions of Filipinos have GCash accounts.
To deposit money, you can send it from bank or through any of the GCash outlets nationwide where you can cash in money to your e-wallet account. It is important to note that there is cash in fee implemented by these GCash outlets depending on what they have set and the amount to deposited.
To withdraw money, there are also GCash cash out fees implemented by the partner stores of the e-wallet platform. People who usually use GCash’s money services are offered a cash loan, the GLoan. This loan offer is made available on the user’s account.
GCash has set a maximum loanable amount under its cash loan for e-wallet users who are qualified to apply for the online loan offer. There is also an easy application process that are purely digital.
Photo Credit: Malaya Business Insight
The application for the cash loan offer of GCash will all take place in your account. Here are the steps in applying:
Step 1 – Log in to your account in the GCash platform. Tap “Borrow” on the main page and tap “GLoan”.
Step 2 – View your loan limit, interest rate, and processing fees.
Step 3 – Pick the amount that you want to loan from the e-wallet platform and state your loan purpose. You have the option with regards to the payment of your first monthly amortization or due date.
Step 4 – Double check the disbursement amount, monthly amortizations, and your first loan monthly amortization.
Step 5 – Verify your loan application with the IOTP (One-Time Password) that will be sent to your number.
Step 6 – Enjoy instant disbursement to your GCash wallet.