Guide on Salmon Cash Credit Features & Application
SALMON CASH CREDIT – You can borrow up to Php 50,000 for your financial needs for shopping sprees to real-life emergencies.
Nowadays, the people have a lot of choices in times of cash needs. Not only physical banks and lending companies got loan and credit line offers but as well as digital banks and online lending companies.
The Salmon Cash Credit is one of the excellent options that you may turn to. It is a virtual credit line that can provide you with up to Php 50,000 credit limit for your financial needs whether it is for your shopping spree or to meet an emergency.
The credit line offer is multi-purpose. You may use it in making personal purchases, making payments online via the QR code, One of the best features of the offer is that you don’t need to re-apply everytime you need to use a portion of the credit limit approved for you.
Furthermore, Salmon boasts its offer with zero processing and hidden fees. It also has a reliable security feature that can guard your credit line from threats like skimming. You can use your credit limit to make a bank transfer, too.
Under the Salmon Cash Credit offer, you are only bound to be charged with the interest of the amount you used. The lender also allows the clients to pay only the monthly minimum every 30 days. You can keep using your credit line afterwards.
Where you can use your Salmon Cash Credit?
- making small and big purchases
- paying of bills and monthly dues
- cash advance
- as emergency fund
You can add money to your credit line with zero fees. You can do it through e-wallet platforms like GCash and Maya, via QR PH, through banks including the BDO Unibank, Rizal Commercial Banking Corporation (RCBC), Bank of the Philippine Islands (BPI), and UnionBank, or over-the-counter in 7-Eleven, Cebuana Lhuillier, and SM.
How to Apply for the Salmon Cash Credit?
You need to create an account. The entire process can be fully-digital. Here are the steps in applying for the credit line offer:
- Step 1 — Download the Salmon app for free to apply for Salmon Credit.
- Step 2 — Create an account using active Philippine mobile number.
- Step 3 — Complete the forms and submit one valid government-issued ID.
The account registration will require you to present an identification document. Thus, it is important to prepare an ID. Here are some of the IDs accepted by Salmon:
- Unified Multi-Purpose Identification (UMID) Card
- Driver’s License
- Voter’s ID
- PhilSys ID (Philippine Identification System ID)
- Social Security System (SSS) Card
- Philippine passport
- PRC ID (Professional Regulation Commission ID)
- Postal ID
Aside from the credit line, Salmon also offers a financing service.