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 at least 1 month before your due date to qualify for interest cashback. Learn more here.
| GLoan | GLoan Sakto | |
|---|---|---|
| Loan Amount | PHP 500 - PHP 150,000 | PHP 100 - PHP 500 |
| Interest Rate |
1.59% - 6.99% per month
*based on your eligibility and chosen payment term |
0% |
| Processing Fee (deducted from the amount you will get) | 3%-5% of loan amount | 5%-12% |
| Late Payment Fee | 1% of your loan amount for every missed due date + 0.15% of your total outstanding balance * number of days past due date | |
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
- Due Dates: June 10 and July 10
- Late fees apply if payment is missed
