Cash Mart Loan Philippines Review: Loan App SEC Registered? Requirements?

Cash Mart loan Philippines

Life throws curveballs, and sometimes, those curves morph into unexpected financial needs. When faced with a temporary cash crunch, navigating the loan landscape can feel overwhelming. But fear not, fellow Filipinos! Cash Mart emerges as a beacon of financial support, offering accessible and efficient loan solutions to Filipinos from all walks of life.

Make sure you don’t miss it.

TOP 10 RELIABLE ONLINE LOAN IN PHILIPPINES – ONLY NATIONAL ID REQUIRED

Update 06/2024

(Online Loan Application)


Finbro PH loan

FINBRO PHILIPPINES

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1,000₱ - 50,000₱

Term: 30 - 360 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 20 - 70.

(Receive money in 10 mins)




Kviku PH loan

KVIKU PHILIPPINES

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500₱ - 25,000₱

Term: 60 - 180 days.

Interest rate: 1.2% months.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 18 - 65.

(Receive money in 5 mins)




Soscredit PH loan

SOSCREDIT PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 20 - 70.

(Receive money in 15 mins)




Credify PH loan

CREDIFY PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: Monthly or End of term.

OOnly National ID required.

Age: 20 - 70.

(Receive money in 15 mins)




Pesoredee PH loan

BINIXO PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 18 - 70.

(Receive money in 15 mins)




Digido PH loan

DIGIDO PHILIPPINES

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1,000₱ - 25,000₱

Term: 90 - 180 days.

Interest rate: 0% for 7 days.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 21 - 70.

(Receive money in 4 mins)




Cash-Express PH loan

CASH-EXPRESS PHILIPPINES

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1,000₱ - 20,000₱

Term: 7 - 30 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 21 - 70.

(Receive money in 5 mins)




Crezu PH loan

CREZU PHILIPPINES

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1,000₱ - 25,000₱

Term: 60 - 120 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 18 - 70.

(Easy loan approval)




MoneyCat PH loan

MONEYCAT PHILIPPINES

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500₱ - 20,000₱

Term: 90 - 180 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 22 - 75.

(Receive money in 15 mins)




loanonline PH

LOANONLINE PHILIPPINES

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500₱ - 25,000₱

Term: 90 - 360 days.

Interest rate: 0% for first loan.

Repayment: Monthly or End of term.

Only ID Card required.

Age: 18 - 70.

(Easy loan approval)




Finloo PH loan

FINLOO PHILIPPINES

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1,000₱ - 25,000₱

Term: 30 days.

Interest rate: from 12% - 36%

Repayment: End of term.

Only ID Card required.

Age: 18 - 65.

(Receive money in 10 mins)




Pesoredee PH loan

PESOREDEE PHILIPPINES

View Guide

1,000₱ - 20,000₱

Term: 7 - 120 days.

Interest rate: 0% for first loan.

Repayment: End of term.

Only ID Card required.

Age: 21 - 70.

(Receive money in 5 mins)


Summary of Cash Mart

✅ Cash Mart Review⭐ 4.3 star
✅ Guide to⭐ Register to Cash Mart loan app Philippines (PH)
✅ Loan amount⭐ 3.000 – 150.000 Pesos
✅ Age⭐ 20 – 60 years old
✅ Term⭐ 7 – 30 days
✅ Interest rate⭐ 0 % interest rate for first loan
✅ Pros⭐ Online loan monthly payments in Philippines
✅ Cons⭐ No Online loan guaranteed approval
✅ Evaluate the effectiveness⭐ Good
✅ Bad credit⭐ Allow
✅ Get a loan

Cash Mart loan requirements

Conditions for registration at Cash Mart are:

  • Filipino citizens, living and working in the Philippines, between 21 and 50 years old.
  • Have a stable job or are self-employed or are overseas Filipino workers

What is Cash Mart Philippines?

Cash Mart is a leading online loan service in the Philippines, developed by Cash Mart Asia Lending Inc and licensed by the SEC (Securities and Exchange Commission). Borrowers can get assistance in amounts ranging from 3,000 to 150,000 pesos, with short terms of 7 to 30 days, and quick disbursements on the same day.

Pros of Cash Mart loan app

“Cash Mart has numerous outstanding advantages, including:

  • Reputable application, legal operation, variety of different loan packages (salary loan, personal loan, car loan, OFW loan) ..
  • Flexible loan conditions, simple process with just 1 ID (recommended UMID or Driver’s License.
  • Borrowers do not need collateral, nor proof of income.
  • Online loans do not need face-to-face meetings, the limit is quite high, the interest rate is relatively low.
  • Apply digital technology for instant automatic approvals and disbursements.
  • Commitment to absolute confidentiality of customers’ personal information.
  • Diverse payment channels, which can be paid in cash directly or online.
  • The customer service department enthusiastically supports us 24/7.

Cons of Cash Mart loan

The review of Cash Mart app revealed certain drawbacks, including:

  • Short-term loan period.
  • Service fee 10% of the loan amount.

Cash Mart interest rate

Cash Mart supports preferential interest loans from only 0.06% to 1% / day, with a 10% service fee. The actual interest rate will depend on the timing of the loan, the amount borrowed, the borrower’s credit history, and financial records.

Example of Cash Mart interest rate calculation

Cash Mart Ph Approval 20,000 for 30 days with interest rate of 1% / day.

  • The amount of interest payable after 30 days is: 20,000 x 1% x 30 = 6,000 pesos.
  • The total amount payable after 30 days is: 20,000 + 6,000 = 26,000 pesos.

Conquering the Cash Mart Loan Everest: A Step-by-Step Guide

Applying for a Cash Mart loan is as straightforward as scaling a gentle hill, not the treacherous slopes of Mount Everest. Here’s a step-by-step guide to help you navigate the process smoothly:

  1. Eligibility Check: Ensure you meet the basic requirements:
  • Be at least 18 years old
  • Be a Filipino citizen with a valid government-issued ID
  • Have a stable source of income
  1. Choose Your Loan Option: Select the loan that best suits your needs and repayment capacity.
  2. Gather Your Documents: Prepare the necessary documents, such as your ID, proof of income, and bank statements.
  3. Apply Online or In-Store: Cash Mart offers the convenience of online applications through their website or mobile app. Alternatively, you can visit one of their branches nationwide.
  4. Get Verified and Approved: Cash Mart’s efficient system will process your application and get you a decision within minutes.
  5. Fund Access: Upon approval, your loan will be deposited directly into your nominated bank account, ready to use as you see fit.

Remember: Borrowing responsibly is key. Always assess your repayment capacity before committing to a loan. Cash Mart provides loan calculators and financial literacy resources to help you make informed decisions.

Cash Mart loan review Feedback

Cash Mart in the Philippines is rated 4.3 stars for their reliable loan services, simple procedures, enthusiastic support, and lack of complaints.

Cash Mart loan repayment

Cash Mart payment is fast and simple via:

  • Online payment gateway of the loan application.
  • Make a transfer to the bank account designated by the lending partner.
  • E-wallets GCash.
  • Payment Centers 7-11, Robinsons, Bayad, Cebuana Lhuillier, Palawan Express, LBC, RD Pawnshop..

Compare Cash Mart loan app Philippines with other loan apps

Comparative criteriaCash MartMabilis CashVidalia loan
Limits3.000 – 150.000 pesos1.000 – 100.000 pesos2.000 – 20.000 pesos
Tenor7 – 30 days30 – 180 days91 – 120 days
Interest0,06%  – 1%/day180%/year36%/year
AgeFrom 21 to 50 years oldOver 18 years oldFrom 22 to 60 years old
Browsing time5 minutes5 minutes7 minutes

Sources: Refer to State Bank reporting and research.

Cash Mart customer service

Cash Mart Ph complaints through the following information:

  • Address: 53 Bayani Road, Fort Bonifacio Taguig City, Metro Manila, Philippines 1630.
  • Email: info@cashmart.ph
  • Hotline: (02) 8829 0000 – 0998 5649114 – 0917 7108114
  • Open time: Mondays to Fridays, from 8am to 6pm ( Closed on Saturdays, Sundays and holidays)

Is Cash Mart SEC registered?

Yes, Cash Mart is registered with the Securities and Exchange Commission (SEC) of the Philippines. Here’s how you can verify their registration:

  1. Check the SEC Website:
  • Go to the SEC’s official website: https://www.sec.gov.ph/
  • Click on “Online Services” and then “Verification of Company Registration.”
  • Enter “Cash Mart Asia Lending Inc.” in the search bar.

If Cash Mart is registered, you will see their company information displayed, including their SEC registration number (CS201610084).

  1. Check Cash Mart’s Website:
  • Visit Cash Mart’s website: https://cashmart.ph/personal-loan/
  • Scroll down to the bottom of the page and look for the “SEC Registration” section.
  • You will see their SEC registration number displayed prominently.
  1. Check Independent Review Websites:
  • Several reputable financial review websites in the Philippines list Cash Mart as a registered and licensed lender. You can check websites like Moneymax and Loan Shark PH for more information.

Is Cash Mart harassment?

If you make timely payments and adhere to the terms and conditions outlined in your loan contract, Cash Mart guarantees that they will not harass or disturb you. However, if you experience any instances of harassment related to your loan, you can seek help. If you are late on a payment, the Cash Mart application will send reminders to ensure that you are aware of your outstanding debt.

How to make Cash Mart complaints?

If you have any questions, complaints about loan services, payment methods, technical problems, you can send an email to info@cashmart.ph or call directly to the hotline number (02) 8829-0000 / Globe – 09177108114 / Smart – 09985649114. Cash Mart customer care will be available weekdays from Mondays to Fridays, between 8am and 6pm.

Conclusion

Cash Mart goes beyond simply providing loans. They are dedicated to empowering Filipinos with financial literacy tools and resources. Their website features informative articles, budgeting tips, and debt management advice, all geared towards promoting financial wellness among their borrowers.

So, the next time an unexpected financial bump disrupts your smooth sailing, remember, Cash Mart is there to extend a helping hand. With their diverse loan options, streamlined application process, and commitment to financial education, Cash Mart empowers Filipinos to navigate life’s financial currents with confidence.

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