GLoan fees and interest rate
The fees and interest rate depend on your loan amount and eligibility.
Please note that interest is part of the agreed loan terms, so the loan cannot be paid without the corresponding interest applied to the account. You may also choose to fully pay your loan with at least 2 future monthly payments remaining to qualify for interest cashback. Learn more here.
| GLoan | GLoan Sakto | |
|---|---|---|
| Loan Amount | PHP 500 - PHP 300,000 | PHP 100 - PHP 300 |
| Interest Rate |
1.59% – 6.99% per month (based on your eligibility and chosen payment term) |
0% |
| Processing Fee |
3%-5% of loan amount (deducted from the amount you will get) |
3% – 15% (shown as a fixed PHP amount) (added to your total amount due upon repayment, not deducted) |
| Late Payment Fee | 1% of your loan amount each time you miss a due date | 1% of your loan amount each time you miss a due date |
| Daily Late Fee |
0.15% per day (applies strictly to loan terms longer than 3 months) |
0% |
To see your monthly payment schedule:
- Open your GLoan dashboard.
-
Tap your Loan Account ID.
Example of late payment fee:
- Loan Amount: PHP 50,000
- Loan Term: 6 months
- Due Dates: June 10 and July 10
If you miss your due date:
- Missed Due Date Fee: PHP 500 (1% of PHP 50,000) added right away.
- Daily Penalty: A 0.15% daily penalty applies to loans with terms longer than 3 months. GLoan Sakto loans and loans with terms of 3 months or less do not incur a daily penalty.