To unlock GLoan in GCash, follow these steps:
- Ensure You Meet the Eligibility Requirements
To qualify for GLoan, you must:
- Be a fully verified GCash user (with a fully verified account).
- Have a good transaction history in GCash (e.g., frequent usage of Send Money, Pay Bills, Buy Load, etc.).
- Maintain a good credit score (GCash evaluates your usage and behavior on the app).
- Check Your GLoan Eligibility
- Open the GCash app.
- Go to “Explore” (bottom of the screen).
- Scroll down and look for “Borrow” or “GLoan”.
- Tap on “GLoan” to check if you’re eligible.
- Complete the Application Process
If you’re eligible:
- Enter the loan amount you want to borrow (within the limit provided).
- Choose your repayment term (options will be shown).
- Review the loan details, including interest rates and fees.
- Confirm your application.
- Wait for Approval
- GCash will review your application and notify you of the result.
- If approved, the loan amount will be credited to your GCash wallet.
- Repay Your Loan
- Repay your loan on time to maintain a good credit score and avoid penalties.
- You can repay via your GCash wallet or through over-the-counter partners.
Tips to Increase Your Chances of Unlocking GLoan
- Use GCash frequently for transactions.
- Keep your account active and in good standing.
- Ensure your account is fully verified.
- Pay any existing loans or bills on time.
If you don’t see GLoan in your app, it may not yet be available to you. Continue using GCash regularly to increase your chances of being eligible in the future.
