What are the GCash Borrow Load fees I need to know about?

For GCash Borrow Load, there is a one-time processing fee for every time you borrow and late payment penalty fees if you pay after your due date. Check the processing fee and sample computation for late payment penalty fees below:

Processing Fee: A processing fee of PHP 19.00 is charged on top of your convenience fee (for SMART & TNT promos) for every Borrow Load transaction.

Late Payment Penalty: A late payment penalty equivalent to 2.5% of your outstanding balance will be charged at three intervals if you miss your repayment due date:

• 1 day after the due date
• 31 days after the due date
• 61 days after the due date

Sample Late Payment Penalty Computation

For a borrowed load with a principal amount of PHP 100.00

• Initial Borrowed Amount: PHP 100.00
• Processing Fee: PHP 19.00
• Total Amount Due on Due Date: PHP 119.00
  
  

If you fail to pay on your due date, your late payment fees will be as follows:

1 Day Late:

• Penalty: 2.5% of PHP 100.00 = PHP 2.50
• Total Amount Due: PHP 119.00 + PHP 2.50 = PHP 121.50

31 Days Late:

• Additional Penalty: 2.5% of PHP 100.00 = PHP 2.50
• Total Amount Due: PHP 121.50 + PHP 2.50 = PHP 124.00

61 Days Late:

• Additional Penalty: 2.5% of PHP 100.00 = PHP 2.50
• Total Amount Due: PHP 124.00 + PHP 2.50 = PHP 126.50

Following the sample computation above, if you make your payment 61 days after your due date, the total amount due would be PHP 126.50 (for a borrowed load of P100.00).

To avoid any late payment penalty fee, please ensure timely repayments. If you have any concerns, you may click here to ask for help and a customer service representative will be in touch between 1-2 working days.

Need more Help?