GCash gives you three easy ways to borrow money

OCTOBER 27, 2022

GCash has been an indispensable tool for everyday financial transactions like sending money, paying bills, and paying both online and in-store purchases. Expanding the many ways GCash can make life easier, eligible GCash users can now access three lending products that will provide them with easy and secure access to extra funds in just a few taps and empower them to pay according to their capacity through flexible payment terms. 

Whether you need a loan to start your business or cover your emergency expenses, an installment plan to upgrade your life and celebrate milestones, or a credit line to help you manage your everyday expenses, there’s an easy and judgment-free way to borrow money with GCash.

Gcash

GGives: Buy now and pay in installments

GGives, the installment product of GCash, allows eligible users to purchase big-ticket items and pay for it in up to 24 months. For adults and starting families who want to celebrate their new life milestones and young professionals who want to reward themselves for their hard work, GGives makes paying for big-ticket items lighter on the pocket with flexible installment options.

  • Borrow up to P125,000 in one transaction
  • Choose payment terms in installments from 3, 6, 9, or 12 months and up to 24 gives
  • Zero downpayment with competitive interest rate

With GGives, now you can avail an installment payment for online and in-store purchases without the need for a credit card or for applying through lending institutions that require upfront downpayment and processing fees. 

How to Activate GGives:

STEP 1: Log into your GCash account

STEP 2: Tap Borrow on the GCash Dashboard
STEP 3: Tap GGives

STEP 4: Fill out the GGives form and press “Activate my GGives”

STEP 5: Start using GGives!

You can pay with GGives for your next in-store purchase by scanning the QR code at the merchant’s store. For online purchases, select GCash as your payment option upon checkout of your online transaction.

GLoan: Get instant cash straight to your e-wallet 

GLoan, the loan product of GCash, offers instant cash up to P125,000 straight to your GCash wallet. Hustling sellers and budding entrepreneurs can use their GLoan for starting or expanding their own business, while breadwinners and household heads can use this to cover emergency expenses, celebrate special occasions or even split it to pay for different necessities. 

  • Borrow from P1,000 to P125,000 as good as cash, with a competitive interest rate of as low as 1.59%
  • Pay as low as P265 a month for 5-24 months
  • Get instant approval with no additional requirements needed

With GLoan, you get to have a credible and easier alternative to traditional banks and other formal lending agencies without having to disclose your financial situation or resort to other unsafe means of borrowing money. 

How to Apply for a GLoan:

STEP 1: Log into your GCash account

STEP 2: Tap Borrow on the GCash Dashboard
STEP 3: Tap GLoan

STEP 4: Tap Get Started

STEP 5: Input your loan amount and loan duration, select your Purpose of Loan, then tap GET THIS LOAN

STEP 6: Review your loan terms. Once confirmed, tap CONTINUE
STEP 7: Fill out the GLoan form and confirm the details

STEP 8: You will see a confirmation that you have successfully applied for a GLoan

GCredit: Instant credit line for your everyday expenses 

GCredit, powered by CIMB, is an always-ready credit line by GCash that can be used to pay for select bills, as well as products and services in-store and online. Employees and students who live alone, as well as heads of the household, could use GCredit as an immediate fund for errands, groceries and bills payment. 

  • Get up to Php 50,000 credit line for bills payment, online purchases, and in-store QR transactions to cover your everyday expenses
  • No need to disclose your income and submit supporting documents and collateral
  • Enjoy prorated interest which means users get charged lower interest the earlier they pay
  • Minimum Amount Due allows users to pay as low as 15% of their dues on their billing and/or due date. 

With GCredit, even the unbanked can have access to their very own credit line and help cover everyday expenses.

How to Activate GCredit:

STEP 1: Log into your GCash account

STEP 2: Tap Borrow on the GCash Dashboard
STEP 3: Tap GCredit

STEP 4: Fill out the GCredit form and tap “Submit”

STEP 5: Start using GCredit!

You can pay with GCredit for your next in-store purchase by scanning the QR code at the merchant’s store. For online purchases, select GCash as your payment option upon checkout of your online transaction.For payment of select billers, use the Pay Bills service on your GCash app, choose your biller, fill in the necessary details, and choose GCredit as your Payment Source.

GLoan, GGives, and GCredit are open to eligible users with a fully verified GCash profile and a qualified GScore.

What is GScore? GScore is the trust rating app of GCash that reflects how active you are in using GCash products and features. It is the primary basis to qualify for GLoan, GGives, GCredit and enjoy benefits such as lowest interest rates and highest credit line or loan amount. 

How do you increase or maintain your GScore? As your GScore is computed based on your GCash activity, you must maintain an active GCash wallet balance by cashing in regularly and using different GCash services. If you are already using any of the GCash borrow products, such as GLoan, GGives or GCredit, you must pay your dues early or on time to maintain your GScore and be eligible for future credit transactions.

ADVT.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

MOST VIEWED STORIES