GCredit fees and interest rates
Ang GCredit interest ay nasa 5% hanggang 7%, depende sa activity mo sa GCash. Mas madalas at active kang gumagamit ng GCash, mas pwede maging mas mababa ang interest rate mo.
GCredit interest charges
Nagsisimula ang interest isang araw after mo gamitin ang GCredit at naka-depende ito sa kung ilang araw mong hiniram yung amount.
Paalala:
Kung bayaran mo ang GCredit dues mo sa mismong araw ng transaction, walang interest na sisingilin.
How to calculate GCredit interest
Ito ang sample kung paano kino-compute ang GCredit interest mo:
- Transaction date: October 1
- Amount borrowed: PHP 1,000
- Monthly interest rate: 5%
- Payment date: October 10
Interest calculation:
- Number of days borrowed: 9 days (October 2–10)
- Daily interest rate: 5% ÷ 30 days = 0.17% per day
Total interest: PHP 1,000 × 0.17% × 9 days = PHP 15
Total outstanding balance: PHP 1,000 (principal) + PHP 15 (interest) = PHP 1,015