GCash, a popular mobile wallet in the Philippines, offers a loan feature called “GCredit” that allows users to borrow money instantly. Here’s a step-by-step guide on how to borrow money from GCash:
Update your GCash app: Make sure you have the latest version of the GCash app installed on your mobile device.
Open the GCash app: Launch the GCash app and log in to your account using your MPIN or biometric authentication (e.g., fingerprint or face recognition).
Go to the “Borrow” section: Tap on the “Borrow” icon on the GCash dashboard or navigate to the “Financial Services” section and select “GCredit”.
Check your credit limit: GCash will display your available credit limit, which is the maximum amount you can borrow.
Choose your loan amount: Select the amount you want to borrow, which must be within your available credit limit.
Select your repayment term: Choose your preferred repayment term, which can range from 1 to 12 months, depending on your credit score and loan amount.
Review and confirm: Review the loan details, including the interest rate, fees, and repayment schedule. If you agree to the terms, tap “Confirm” to proceed.
Receive the loan: The borrowed amount will be credited to your GCash wallet instantly.
Michael James Burry (born June 19, 1971) is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. He is best known for being among the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
