Here’s the difference between GGives Sakto loan and GGives
HOW IS GGIVES SAKTO LOAN DIFFERENT FROM GGIVES? – This article will teach you about the difference between GCash’s GGives Sakto loan and GGives.
GGives Sakto Loan is a beginner-friendly loan where you can use it to directly pay online, physical and GLife stores for any purchase/s. On the other hand, GGives is a simple and easy installment payment option offered by GCash.
You can access these loans by opening your GCash app and then tap “Borrow” and choose “GGives”.
Here’s the difference between GGives Sakto loan and GGives:
When it comes to interest rate, GGives Sakto loan’s interest rate is 0% while GGives’ interest rate ranges from 0% – 5.49% per month depending on the eligibility and selected payment term. In terms of loan amount, the loan amount for GGives ranges from PHP 1,000 – PHP 125,000 while the loan amount for GGives Sakto loan ranges from PHP 300 – PHP 1,000.
GGives Sakto loan has a processing fee ranging from PHP 32.50 – PHP 150 and the minimum spend is PHP 300.00, while GGives has PHP 0.00 processing fee and the minimum spend is PHP 1,000.
In terms of payment terms, GGives’s payment terms is either 3, 6, 9, 12, 15, 18, or 24 months and you can pay your loan on a monthly basis, while GGives Sakto’s payment terms is 14 days or 30 days and you can pay your loan on a one-time payment basis only.
Here’s the similarities between GGives Sakto loan and GGives:
When it comes to similarities, both have penalty fees of 1% of your loan amount for every missed due date + 0.15% of outstanding balance X number of days past due date.