Guide on GLoan Requirements For Application
GLOAN REQUIREMENTS – You can check here the qualifications to be eligible to apply for the cash loan offer of GCash.
Nowadays, more and more people are into online wallets as their services make a lot of financial transactions so much easier. In the Philippines, one of the most popular and widely-used virtual wallet platform is GCash.
Millions of Filipinos have GCash accounts they use in different ways. In most cases, GCash users use their accounts to transfer money to families and loved ones, make payments, perform subscriptions, and in buying load.
GCash which is a Philippine mobile payments service owned by Globe Fintech Innovations, Inc., and operated by its wholly-owned subsidiary, G-Xchange, Inc., does not only offer money transfer services. Through the years, it has continuously upgraded its offers.
The offers of GCash now includes the “GLoan”, a cash loan offer that qualified users may turn to in times of financial needs. Who are qualified to apply for this loan offer?
The GLoan requirements include both qualifications and some documentary requirements for application. You must have an offer and for a bigger chance to have the said offer, here are the factors you must consider:
- at least 21 years old but more than 65 years old
- a Filipino national
- verified GCash account / profile
- You can verify your GCash account by logging in the app and presenting a valid government-issued ID
- did not commit any fraudulent transaction
- good credit score
- To increase your credit score, you must keep on using the GCash services such as cash-in, money transfer, bill payments, GInsure, GSave, GInvest, and GLife.
- maintain a good credit score
Not all GCash users receive the GLoan offer. Based on the virtual wallet platform operator, there are common reasons why some users are not offered the cash loan by GCash and here are the usual factors:
- You do not meet the GLoan or GCash Loan requirements.
- It is not yet available for your account.
- You have an existing GLoan.