What are the GLoan fees I need to know about?
Check out the information below to learn more about the interest rates and fees for GLoan:
- Interest Fees: Between 1.59% and 6.99% per month, depending on your eligibility and loan amount.
- One-time Processing Fee: 3% of your total loan amount, deducted from the total loan amount you will receive.
- Late Payment Fee: 1% of your loan amount for each unpaid installment, plus 0.15% of your total outstanding balance each day until it's paid off.
Visit your GLoan dashboard and tap your Loan account number to see a breakdown of your monthly payments and fees.
Sample computation for a loan with a late payment fee:
Outstanding Principal Balance = PHP 50,000
Due Date: June 10 and July 10
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