Guide on GCash Cash Loan Qualifications for Application
GCASH CASH LOAN – Here are the qualifications set in applying for the GCash cash loan offer GLoan for users.
Have you heard about the cash loan offer of GCash? Officially called “GLoan”, it was designed to help the users with good credit scores obtain a financial aid in achieving their life goals.
Countless GCash users have the GLoan and it has conveniently helped them in their financial needs. It has a high loanable amount that allows users to borrow up to P125,000 at low interest rates of only 1.59% per month. However, not everyone may qualify for the loan offer.
There are also eligibility requirements that were set in the application to GLoan. For a user to be qualified to apply for the GCash cash loan offer, here are the qualifications that he/she must meet:
- 21 years old and above but not more than 65 years old
- a Filipino national
- has verified GCash account / profile
- has good credit score
- maintains a good credit score
- did not commit any fraudulent transaction
If you are wondering how you can verify your GCash account, you can do so by simply logging in the app and presenting a valid ID issued by the government. With regards to the pursuit of increasing your credit score, it can be done by continuously using the services of the e-wallet platform such as the following:
- GCash Cash-in
- money transfer services
- bill payments
- GInsure
- GSave
- GInvest
- GLife
While GCash boasts its offer with a fast loan application process, not everyone receives the GLoan offer from the e-wallet platform. Thus, it is best to know the common grounds for not having received an offer so you’ll know where you can work on:
- User does not meet the GLoan or GCash Loan requirements
- Not yet available for your account
- Has an existing GLoan.