Here are the things you must know about GCredit Penalties!
How much is the penalty fee for GCredit?
Penalty fees are based on how many days have passed since your due date.
|
Days Late |
Additional Penalty Fee Charges |
Total Penalty Fee Charges |
|
1-30 |
PHP 200 |
PHP 200 |
|
31-60 |
PHP 300 |
PHP 500 |
|
61-90 |
PHP 400 |
PHP 900 |
|
90+ |
PHP 600 |
PHP 1,500 |
When is my GCredit account subject to penalty fees?
Your account is already subject to a penalty fee once you have reached the number of days past your due date and you still have outstanding GCredit dues. This would incur an additional penalty fee. Please refer to the penalty fee table from the previous question.
Example:
Due Date : March 31, 2021
Payment Date : April 1, 2021
Days Late : 1 day late
Fee Charges : PHP 200
When can I see my penalty fees?
On your billing date, you will see the total penalties incurred in the Manage Credit dashboard in the GCash app and in your Statement of Account (SOA) sent to your e-mail address.
Via Manage Credit in the GCash App
Via Statement of Account (SOA)
Do we offer a penalty waiver?
No. Please ensure timely payments by paying your outstanding GCredit dues on or before your due date to avoid penalty charges & suspension of your credit line.
Read this link to learn how to pay your GCredit dues.