Check which question applies to you so we can answer your question:
- Can I still apply for a GLoan if I have an existing account or active loans with other GCash products?
- I already have an existing GLoan, can I apply for another one?
- Can I fully pay my loan in advance? Is there a benefit to paying my loan in advance?
- Can I only use the money in GCash?
- Can I cancel my GLoan application?
Can I still apply for a GLoan if I have an existing account or active loans with other GCash products?
Yes! You can apply for a GLoan while having existing dues with other GCash products such as GGives and GCredit provided that you received a message from GCash that you are eligible for a GLoan.
To know more about GLoan Eligibility, visit How do I become eligible for a GLoan?
I already have an existing GLoan, can I apply for another one?
Customers are only allowed to take out one GLoan at a time. Pay your loan in full as soon as possible to become eligible for your next GLoan!
To know more about the GLoan application process, visit How do I apply for a GLoan?
Can I fully pay my loan in advance? Is there a benefit to paying my loan in advance?
Yes! You may pay your loan in full through the GLoan feature in the app. You can check the total amount that you need to pay through your amortization schedule or by simply multiplying your monthly due amount by your remaining months to pay the loan.
Paying early boosts your chances of getting a better GScore -- the better your GScore, the more you can borrow at better terms. If you want to know more about GScore please visit What is a GScore?
Can I only use the money in GCash?
Since your loan amount will be added to your GCash wallet, you are allowed to cash out your loan amount to your chosen bank account or cash out channels using the GCash Send Money feature.
Can I cancel my GLoan application?
No, you are not allowed to cancel your GLoan application once processed. If you would like to cancel your GLoan, you must first settle the full amount of your GLoan dues.
To know more about paying your loan, visit How do I pay for my GLoan dues?