When GCash was first launched in October 2004, it revolutionized the way we handle money transfers with its innovative SMS-based platform. Globe Telecom's response to Smart Communications' Smart Padala was a game-changer, catering to the needs of countless Filipinos who were underserved by traditional banking options back then.
In that same year, I also decided to join GCash, and I was fortunate enough to have my account verified in 2007.
Since I haven't been actively using GCash, I decided to uninstall the app from my device. In 2017, I decided to re-install the GCash app and actively participate in every event organized by GCash and Globe. Since then, I have been regularly using my GCash account. However, I must admit that I am not well-versed in utilizing this application. Consequently, I find myself struggling to comprehend its functionality.
I have noticed that things tend to change gradually, and one thing I have discovered is that GCash is incredibly useful, especially during the lockdown period. GCash plays a significant role in my daily life. It has become my primary source of income and a financial lifeline for me.
FUSE LENDING
Now that they have launched GCash Borrow, life has become easier and better. I have no issues when it comes to paying my bills, whether it be online or offline shopping.
Are you aware that you have the option to borrow money and improve your financial situation using GCash? Yes, I have been using GCASH BORROW since last year. If you frequently use GCash, you are likely aware of how to access GCash Borrow through the app. It is crucial to familiarize yourself with navigating your GCash account.
Please take a look at the important information regarding the following services under the category of BORROW: GLoan, GGives, and GCredit.
When I received an e-invite from GCash for the highly anticipated launch of their Fuse Lending service, I couldn't help but feel a surge of excitement. Without a moment's hesitation, I eagerly accepted the invitation, eager to witness firsthand the innovative solutions that GCash has in store for us. As an avid user of GCASH BORROW, I must say that I am absolutely enamored with this innovative financial solution. The convenience and ease it offers are simply unparalleled. However, my curiosity has been piqued, and I find myself yearning to delve deeper into the intricacies of this remarkable product. I am eager to uncover the exciting new services that GCASH has in store for its loyal users like myself. The anticipation is palpable, and I simply cannot wait to embark on this journey of discovery.
When I became eligible to avail of GCash Borrow, I decided to give their GLoan service a try. Once I had diligently submitted all the necessary requirements, the process became a breeze, and to my delight, I was swiftly granted approval for a loan amounting to P2000 minus P150, so I only received P1850.
I am thrilled to announce that I have successfully paid off my first loan well in advance of the expected due date. So, I decided to give it another shot and applied for a loan once more. To my surprise, they approved my request and granted me a sum of P5000. As usual, the amount was finally credited to my account. After deducting a service charge of P150, I was left with P4850. In my latest financial endeavor, I have committed to paying a total of P755.06 over a span of 9 months. This financial commitment is not to be taken lightly, as it requires careful budgeting and planning. However, I am confident that with proper discipline and financial management, I will be able to fulfill this obligation and achieve my desired financial goals.
So, I decided to give GGives a shot, but unfortunately, I haven't met the qualifications to use it just yet.
In my quest to unlock the coveted GGives service, I find myself exploring various features within my GCash app. It has come to my attention that in order to boost my GScore, I must engage with other services offered by GCash. This realization has prompted me to delve deeper into the app's functionalities, as I eagerly strive to unlock the doors to GGives.
Since GGives is currently unavailable, I am considering using GCredit if it has been unlocked. Oh no! I am pleased to inform you that my GCredit is now available.
Initially, I was granted a credit limit of P4500. However, I only utilized P676 of that amount. I am pleased to inform you that I have recently made a full payment to settle the outstanding balance. This is to test the functionality of the GCredit using the GCash app.
Today, I decided to take a look at my GCredit account, and to my utter surprise, I discovered that my credit limit has been significantly reduced! I can't quite put my finger on it, but for some reason, perhaps due to my lack of utilization of my initial credit limit, I haven't been using it as diligently as I should.
So here's the thing, guys. I recently made a purchase and I thought I had it all sorted out. I mean, I paid the full amount, right? But guess what? I just found out that there's still a teeny tiny remaining balance of P0.06. Can you believe it? I mean, seriously, what's up with that? It's got me scratching my head, that's for sure.
Today, I wanted to discuss a topic that has been on my mind lately. So, I stumbled upon something interesting and I couldn't help but wonder, what is this? I'm sure many of you have experienced that feeling of curiosity when you come across something new or unfamiliar. Well, that's exactly what I must admit, I find myself grappling with a certain level of perplexity. Isn't it just absolutely hilarious? So, here's the deal: if you happen to have a remaining balance of P0.06 and you choose not to pay it, brace yourself for a potential increase. Why, you ask? Well, that's because there's a 5% interest fee per month waiting to be slapped onto that balance. Well, I wanted to dive into a topic that has been on my mind lately and seek your insights as well.
GCredit Interest Rate
Vs. Other Philippine credit cards
When it comes to credit cards, there are certainly options out there that offer lower interest rates than GCredit. However, I personally find myself gravitating towards GCredit for one key reason: its requirements. Let me explain why. Unlike many other Philippine credit cards, GCredit boasts a streamlined and hassle-free application process. Gone are the days of endless paperwork and stringent qualifications. With GCredit, the requirements are refreshingly minimal, making it accessible to a wider range of individuals. This user-friendly approach is particularly appealing to me because it means I can enjoy the benefits of a credit card without jumping through hoops. Whether you're a young professional just starting out or someone looking to rebuild their credit, GCredit offers a convenient solution that doesn't discriminate based on your financial history or current circumstances. In addition to its lenient requirements, GCredit also offers a range of features and perks that enhance the overall user experience. From flexible payment terms to personalized credit limits, this credit card truly caters to the needs and preferences of its customers. So, while other credit cards may boast lower interest rates, I prefer to use GCredit!
Fuse Lending is currently expanding its services, including the introduction of the new GLoan Sakto, GCredit Sakto and GGives Sakto . This expansion comes at a particularly opportune time.
GLoan Sakto Loan is a convenient cash loan solution offered by GCash. With GLoan Sakto, you can instantly borrow amounts ranging from PHP 100 to PHP 500. If you are new to borrowing money, this loan is a great option for you. It offers short payment terms and minimal fees, making it an ideal choice. This cash loan can be paid back within either 14 or 30 days, with no interest charged.
If you find yourself in need of extra cash to pay bills or make purchases from over 200,000 GCash partner merchants, you can rely on your GLoan Sakto. Additionally, you have the option to cash out your loan for additional funds to cover other essential expenses.
There is no need to submit an application as this loan has already been pre-approved.
GGives Sakto Loan is a user-friendly loan option that allows you to conveniently make online, physical, and GLife store payments for any purchase.
GGives Sakto Loans offers you the convenience of purchasing what you need today and providing the flexibility to pay for it either after 14 or 30 days. It can be used at more than 110,000 partner stores and branches across the country. Stores should have the capability to accept GGives so that you can conveniently shop using GGives Sakto Loans.
Continue using GGives Sakto Loan, and you may eventually become eligible for the regular GGives offer.
Introducing the latest addition to the financial landscape: the GCredit Sakto Loan. This exciting new offering is set to revolutionize the way we approach borrowing and lending. With its user-friendly interface and convenient features, GCredit Sakto Loan is poised to become the leading online credit card in the Philippines.
In an exciting development, the renowned financial super app GCash has joined forces with Fuse Lending Inc. to broaden their lending portfolio. This collaboration has given birth to a groundbreaking feature called "sakto," which empowers users to borrow even the smallest amounts, starting from a mere P100. This latest offering is set to revolutionize the lending landscape, making it more accessible and convenient for individuals in need of quick financial assistance. With GCash and Fuse Lending Inc. at the helm, users can now experience the ease and flexibility of borrowing at their fingertips.
In a recent statement, Tony Isidro, the chief executive of Fuse, an affiliate of Globe, expressed his excitement about the launch of Sakto Loans. This new addition to their suite of lending options, which already includes GLoan, GCredit, and GGives, aims to provide users with a seamless and hassle-free borrowing experience right at their fingertips. With just a few taps on their phones, individuals can now access the funds they need, thanks to the convenience offered by Sakto Loans.
A shocking nine out of ten Filipinos are required to seek financial assistance in order to meet their daily needs, according to a recent study by GCash. However, the stringent loan application procedures imposed by formal institutions and banks have left more than half of the population with no choice but to turn to informal lenders, who often charge exorbitant interest rates and, in some cases, resort to abusive collection methods.
Here at GCash, we are immensely proud of the fact that our journey and triumphs are deeply grounded in reality. In a recent statement, Martha Sazon, the chief executive of GCash, expressed the profound bond that exists between their company and its valued customers. She emphasized the strong connection that GCash has established with its user base, highlighting the importance of this relationship. This sentiment reflects the dedication and commitment that GCash holds towards its customers, ensuring that their needs and satisfaction remain at the forefront of their operations. Sazon's words serve as a testament to the genuine and authentic connection that GCash strives to maintain with each and every individual who utilizes their services.
In a recent statement, she expressed the importance of truly knowing and empathizing with others. It's not just about superficial knowledge but about delving deep into their circumstances. By doing so, we can better comprehend the struggles they face on a daily basis. And that's where our role comes in—we are committed to being by their side, offering innovative digital solutions that alleviate the hurdles they encounter. It's all about making their lives easier and more manageable.
