Pay your GCredit dues

Interest charges will start the day after you make a transaction using GCredit. There will be no interest charges if you pay your GCredit dues within the same day of your transaction. Interest fees for GCredit are dependent on the number of days you borrowed a certain amount. For lower interest charges, pay the full amount as early as possible. The total interest due will reflect in your GCredit Dashboard on your billing date. 

Computation for interest fees: Amount Borrowed x Interest Rate x (# of Days Borrowed / 30 Days)

Please see a sample computation below:

• Amount borrowed: PHP 1,000
• Interest rate: 5%
• Number of days borrowed: 15 days
• PHP 1000 x 5% x (15 / 30) = PHP 25 interest fee

Should you have more questions about GCredit interest and fees, you can reach out to us by submitting a ticket here.

The minimum amount due is the smallest amount that you are required to pay on your billing date. If you pay your minimum amount due on or before your due date, you will not have late payment fees for the current billing cycle and you can continue using GCredit. Otherwise, your GCredit line will be temporarily suspended until you settle your dues.

Note: Any unpaid loan amount will still be charged interest daily until fully repaid. The interest incurred will reflect on the succeeding billing date.

When paying in full, 100% of your credit limit will be replenished. However, if you pay the minimum amount due, only the loan amount paid will be replenished.  

Computation for the minimum amount due: 10% of Unpaid Charges + 100% of interest + 100% of fees (if applicable)

Late Payment fees are charges incurred if you still have outstanding or unpaid GCredit dues after your due date. The fees below are based on how many days have passed since your due date:

GCash does not offer late payment fee waivers. Pay at least your minimum amount due on or before your due date to avoid late payment fees and suspension of your GCredit account.

With this GCredit feature, we will automatically deduct the minimum amount due from your GCash wallet on the day of your due date. Your GCredit total amount due will cover your total purchases, interest dues, and penalties incurred for your original billing period.

If your GCash wallet does not have enough balance to settle your GCredit minimum amount due, your GCash wallet balance and incoming funds will be auto-deducted. Your incoming funds will continue to be auto-deducted until your GCredit minimum amount due from the original billing period has been settled. When this happens, you will be charged additional fees on your next billing period. 

You will receive a notification after each auto-deduction to your GCash wallet via SMS message, GCash App Inbox, and your GCredit transaction history.

The auto-deduction feature is applied based on the GCredit Terms and Conditions you agreed to when you activated your GCredit account. Visit the GCredit Terms and Conditions to review the Terms and Conditions under ‘Repayment’.

When you still have unpaid dues from your previous due date, you will receive SMS messages, phone calls, in-app prompts, and email notifications from GCash every 10 days reminding you to pay your dues. 

You will also receive phone calls, SMS messages, and emails from collection agencies every day to remind you to pay your unpaid dues until you have settled your unpaid balance.

If you have negative encounters with our collection partners, you may file a report here. Please indicate the date of the encounter, the collection agency’s name and their contact number, and attach any screenshots as additional details.