Cover expenses stress-free with GCash’s money-lending service, G-Loan

July 19, 2023 - 7:08 PM
2107
Photos: Sound On; Philstar.com EC Toledo | Illustration: Philstar.com

GCash users can easily avail of a loan to cover their expenses with G-Loan, an easy lending solution.

G-Loan is the loaning service provided by the e-wallet app, which made loaning money easier for its users, especially those who do not own a bank account.

GCash users can apply for a loan from P1,000 up to P125,000, with an interest rate of as low as 1.59% per month.

Lendees who applied through G-Loan can expect a monthly payment of as low as P254 for five to 24 months.

On its website, the mobile wallet app said pre-qualified users can apply for a loan in the following six steps:

  • Tap “Borrow” on the main page and select “G-Loan.”
  • View your loan limit, interest rate, and processing fees.
  • Select your loan amount, purpose of loan and review the details.
  • Review the disbursement amount, monthly dues, and your first due date.
  • Verify your loan application with the One-Time Pin (OTP) that will be sent to your number.
  • Enjoy instant disbursement to your GCash wallet.

Alternatively, the mobile wallet app users can also consider using G-Gives and G-Credit, both of which have a “buy now, pay later” method.

GCash is an electronic wallet application that can be used to make monetary transactions without having to use a computer or go to a nearby bank.