What is GLoan Sakto?
GLoan Sakto is a pre-approved loan where you can borrow PHP 100 - PHP 500 in your GCash app.
GLoan Sakto features:
- Pay after 14-30 days
- Low fees
- 0% interest
- Can cash out
Note: If you’re eligible, you’ll get an SMS from GCash. GLoan offers and approvals are subject to evaluation and are not guaranteed.
GLoan Sakto vs. GLoan
| GLoan | GLoan Sakto | |
|---|---|---|
| Loan Amount | PHP 500 - PHP 150,000 | PHP 100 - PHP 500 |
| Payment Terms | Monthly payment (from 1 to 24 months) | One-time payment after 14-30 days |
| Interest Rate | 1.59% - 6.99% per month
*based on your eligibility and chosen payment term | 0% |
| Processing Fee (deducted from the amount you will get) | 3%-5% | 5%-12% |
| Re-availment | Can apply instantly after full payment, if eligible | |
| Late Payment Fees | 1% of your loan amount for every missed due date + 0.15% of outstanding balance * number of days past due date | |