How To Loan On Gcash Using Gcash? (2024)

There are two primary ways of borrowing money through GCash:

1. GLoan

• GCash’s primary lending service
• Offers relatively larger loan amounts and customizable repayment terms.
• Accessible only to eligible, pre-approved GCash users with a good GScore,

How to Check Eligibility and Apply

1. GCash App: Open your GCash app and navigate to the “Borrow” section.
2. Check for GLoan: If you find “GLoan” listed, it means you’re likely pre-approved.
3. Application: Follow the in-app instructions to apply, choosing your desired loan amount and repayment term.

2. GLoan Sakto

• Designed for smaller, short-term loans.
• Interest-free if you repay quickly (often within a few weeks).
• More widely accessible for GCash users.

How to Access and Apply

1. GCash App: Look within the “Borrow” section on your GCash App.
2. Find “GLoan Sakto”: If you see it listed, tap on it.
3. Choose Amount and Term: Select the amount and repayment term that suits your needs.

Important Considerations

• Eligibility: GScore (built through frequent GCash use) plays a role in loan eligibility. Not everyone will qualify.
• Interest Rates and Fees: These vary depending on loan amounts and your profile. Review them carefully before applying.
• Responsible Borrowing: Only borrow what you are confident you can repay within the agreed time period to avoid late fees and potential impact on your GScore.

Additional Tips

• Build Your GScore: To increase your chances of GLoan approval, use GCash frequently for transactions, bills payment, and investments.
• Alternatives: If you don’t qualify for GCash loans, consider other online lenders, bank loans, or borrowing from friends/family if possible.