Guide on Who Are Qualified to Apply for Shopee Cash Loan Offer “SLoan”
Here is a guide on who are qualified to apply for SLoan, the cash loan offer of popular and trusted e-commerce platform Shopee.
Have you heard about the cash loan offer of Shopee? Yes, the popular e-commerce platform is not only offering a shopping experience that can provide you with a multitude of choices and the convenience of shopping anywhere you are but as well as a cash loan offer.
Shopee now has the SLoan, a cash loan offer that it boasts with a high loanable amount, flexible payment terms, and competetive interest rates. It is apart from the flexibility on the purposes that the loan proceeds can serve.
Under the SLoan offer, you can borrow up to Php 100,000. The repayment can be done in 3, 6, or 12 months depending on the choice of the borrower and the options made available by the e-commerce platform. Shopee selects users who are allowed to stretch the loan term to up to 12 months.
Under it, you may withdraw the money anytime and anywhere. However, jumping to it, it would be best to check the qualifications under the SLoan. Who are qualified to apply for the Shopee cash loan offer? Here is the eligibility criteria that the user-borrower must meet to qualify for the loan offer:
- a Filipino
- at least 21 years old but not more than 65 years old
- a Shopee user
- has a good credit store with Shopee
Another requirement for eligibility to the Shopee cash loan offer is that you must have activated your SLoan feature. There is an easy process that you can do online to active your cash loan feature.
If you have been approved by Shopee for the SLoan, the money will be credited to your ShopeePay account so you can withdraw your money. You may use the money for your car repair, to make a big purchase, to pay for the tuition fees, etc.