Check which question applies to you so we can answer your question:
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Once I've paid with GGives, where do I find my installment interest rate and fees?
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How much will my interest cashback be if I fully settle my loan early?
What is the interest rate?
Interest rates range from 0% to 5.49% per month, depending on your GScore and loan term (# of months to pay).
Once I've paid with GGives, where do I find my installment interest rate and fees?
You can find your interest fees and rates in your GGives payment schedule. Go to your GGives dashboard then tap Payment Schedule.
Visit How do I read my payment schedule? to know where to find your interest fees and interest rate.
How much will my interest cashback be if I fully settle my loan early?
Your interest cashback is the total interest balance that is not yet due when you fully settle your loan that you can find in your payment schedule.
Here is a sample computation on how to get your total interest balance that is not yet due:
When will I receive my interest cashback for fully paying my loan in advance?
You are entitled to receive interest cashback if you fully pay off your loan at least one (1) month before your last installment's due date in GGives. If you qualified for interest cashback, you will receive it within 14 business days after full payment. An SMS notification will be sent after the successful seeding of interest cashback to your GCash account.
Does GGives charge penalty fees?
GGives charges a fixed penalty fee of PHP100 per monthly due date missed + a variable penalty fee. These are calculated and seen in your disclosure statement when you purchase an item.
How are late payment penalty fees calculated?
You are charged a fixed penalty fee of Php100 per monthly due date missed + a variable penalty fee which is 0.15% * Outstanding Principal Balance * Number of Days past due.
Here is a sample computation on how to compute for your penalty fees:
This means that the more payments you have settled, the lower the variable penalties you will incur.
When are penalty fees applied?
A Php 100 fixed penalty fee will be charged 1 day after your due date. An additional variable penalty of 0.15% of your Daily Outstanding Principal Balance will be applied to your account every unpaid day from your due date.
