Guide on CIMB GCredit Features & Application
CIMB GCREDIT – You can enjoy up to P50,000 credit line that includes online bill payments for your everyday expenses.
Nowadays, more and more people like going for cashless shopping. In most they cases, many individuals use credit and debit cards when they buy things in the shopping mall, pay for dining expenses, gas up the car, and pay for online subscriptions.
There are also instances when some individuals pay their monthly utility bills online. Have you heard about the CIMB GCredit?
More and more people now are using CIMB GCredit. It is a finance product offer of the CIMB Bank which is one of the most popular and trusted banking entities in the Philippines. Millions of Filipinos have CIMB accounts.
With regards to the GCredit, it is a finance product of the bank in partnership with online wallet platform GCash. The credit line provided can be used in many instances including the following:
- bill payments
- online shopping
- grocery purchases
Under the CIMB GCredit, you can enjoy a credit line of as much as P50,000. The interest rate is as low as 1% and you can use it in making payments to over 17,500 merchants across the nation. Payments can be done through GCash QR codes.
Who are qualified to apply for CIMB GCredit? Here are the qualifications set by the bank for credit line application:
- Individuals only
- must be at least 21 years old; at most must not be older than 65 years old
- must be a Philippine citizen and a non-US person
- must have a fully verified GCash account
- must meet eligible credit requirements
There are easy steps in opening a CIMB GCredit. Here is a guide on the procedure you may follow:
- Step 1 — Open the GCash app and tap/click “Borrow” then tap/click “GCredit”.
- Step 2 — Check if your email address is correct.
- Step 3 — Review your personal information and key in the required details.
- Step 4 — Review your GCredit application and click/tap “Submit” to finish.
- Step 5 — Wait for an advisory on when you can start using your account.
Aside from the credit line offer, the CIMB Bank also offers a cash loan that features a fully-digital application.