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GLoan, GGives, and GCredit: How to Avail of a Loan in GCash 

Rouselle Isla

Rouselle Isla

Last updated July 03, 2023

Did you know you can borrow money and help improve your financial condition through a GCash loan? If you’re a frequent GCash user, it's important to learn how to loan in GCash.

Check out all the things you need to know about GLoan, GGives, and GCredit in this guide. 

Everything to Know About How to Loan in GCash with GLoan

how to loan in gcash - gloan

📌 What is GLoan?

GLoan is a lending feature for GCash users. You can get an emergency loan in GCash and borrow up to ₱125,000. Receive the proceeds of this online loan through your GCash wallet. 

Use it to pay bills and purchases at GCash non-partner merchants. You can also cash out the loaned amount directly credited to your dedicated bank account. 

📌 What are the GLoan Features?

Know more about GLoan’s features below.

It's Available to Pre-Qualified Users  

Before you make a GCash loan application, note that application approval will be based on your GScore,[1] which is computed based on your active use of GCash. You’ll be assessed according to your GCredit payments, wallet balance, and bill payment history. 

The GScore doesn’t only qualify you for a GCash loan online. It will also let you avail of a credit line of up to ₱30,000, a 3% interest rate, and exclusive benefits and perks. 

Borrow Up to ₱125,000 

How much can you loan from GCash? You can borrow anywhere from ₱1,000 to the GLoan maximum amount of ₱125,000. 

Enjoy Easy Payment Terms

Depending on your loan amount, you can enjoy affordable terms for your GLoan. Pay your GLoan for as low as ₱215.90 per month for five months. 

📌 What is the GLoan Interest Rate?

The GCash loan interest rate varies for each user. However, based on a ₱50,000 GLoan example, the GCash loan interest rate is 1.59%.

Check out this GLoan interest computation and learn how to generate the amount due, processing fees, and monthly installments. 

how to loan in gcash - gloan interest

  1. Select the amount you want to borrow from ₱1,000 to ₱125,000 by dragging the cursor to your desired amount. 
  2. Take note that the GCash loan calculator presets loans from ₱1,000 to ₱2,000 to be payable in five months; ₱5,000 to ₱15,000 in nine months; ₱16,000 to ₱50,000 in 12 months; ₱51,000 to ₱75,000 in 15 months, and ₱76,000 to ₱125,000 in 24 months.
  3. The interest rate will be reflected.  
  4. Choose the date of your loan. 
  5. Click the Calculate button. Should you want to change any of the previous information, select Reset
  6. Your loan summary will appear on the right corner of your screen. 

GLoan also comes with a processing fee of 3% of the loaned amount, which will be deducted from your total loan receivable. 

For example, if you want to borrow ₱50,000, a processing fee of ₱1,500 will be deducted from your loan proceeds. Your total loan amount receivable will be ₱48,500.

Looking at the example of a ₱50,000 loan, you’ll be paying ₱4,961.67 for 12 months, which translates to a total payment of ₱59,540.04. Deduct the initial loan of ₱50,000 from your total payment, and you’ll get ₱9,540.04, then add the ₱1,500 processing fee. You’ll then come up with ₱11,040.04, which sums the total charges of your GCash loan.

📌 What are the GLoan Requirements?

You need to fulfill the following GCash loan requirements: 

  • Must be a Filipino citizen and 21 to 65 years old
  • Must have a good credit history
  • Must have a qualified GScore[1]
  • Must have a fully verified GCash account
  • Must have a good credit record

📌 How to Borrow Money in GCash via GLoan

how to loan in gcash -  how to borrow via gloan

Qualified GCash users can submit their loan application through their GCash wallet. Simply follow these steps:

  1. From your GCash dashboard, tap Borrow and select GLoan.
  2. You can see your loan details (loanable amount, repayment period, interest rate, and processing fees).
  3. Select the Get Started button.
  4. Drag the cursor to your desired loan amount, then select the tenor. 
  5. Select the purpose of your loan. 
  6. If you agree to all the loan details, tap Get This Loan.
  7. Review all the loan details, then click Continue
  8. Confirm the loan amount you’ll receive by entering the six-digit authentication code that will be sent to your registered mobile number. 
  9. That’s it! You’ve completed your GLoan application. Just wait for an email or SMS confirmation then your loan amount will be sent to your account within 24 hours.

📌 How to Pay Your GLoan

You can pay monthly installments for your GCash Loan through the GCash app itself. Simply launch the app, tap Borrow, then select GLoan

It will then display your GLoan breakdown of dues and GLoan amount. Tap Pay for GLoan to proceed with the payment. Follow the prompts and confirm your payment. After confirmation, GCash will notify you that your GLoan payment is successful. 

📌 FAQs on GLoan

1. How many GScore to unlock GLoan?

Currently, no specific metered scoring on GCash guarantees unlocking GLoan and other lending products. Keep making GCash transactions and maintain good GCash wallet health to raise your GScore and unlock GLoan.  

2. How to increase your GLoan amount in GCash?

There are many ways to maintain or increase your GScore. Aside from having a fully verified GCash account, always make GCash transactions like cashing in and paying bills. 

Make regular deposits in GSave or frequent investments in GInvest. You can also purchase GInsure products and use GCredit to maximize your credit line. Most importantly, pay your GCash loans early or on time.

3. Is GLoan safe?

Yes, it is. You enjoy a safe and secure credit line because of GCash. GLoan is also powered by Fuse Lending, Inc., a Globe subsidiary. It has an SEC Registration No. of CS201617622 and Certificate of Authority to Operate a Lending Company (CA) No. 1897. 

Aside from checking GCash loan reviews, always read the terms and conditions before you proceed with your GLoan transaction. 

GGives Guide: How to Use It to Buy Now, Pay Later in GCash

how to loan in gcash - GGives

📌 What is GGives?

GGives is an installment loan product that allows you to purchase an item from GCash partner merchants and pay later in 0% installments. With GGives, you can pay in up to 24 installments without a credit card or additional documents. 

Simply put, it’s a buy now, pay later mode you can use if you’re planning to purchase big-ticket or emergency items. 

📌 How Do You Qualify for GGives?

Currently, GGives is not available for all GCash users. To qualify, you should:

  • Be a Filipino citizen between 21 to 65 years old
  • Have a fully verified GCash account and good GScore
  • Be in good credit standing
  • Have never been involved in fraudulent transactions

📌 How to Sign Up for GGives on the GCash App

The GGives option on your dashboard will appear if your account is eligible. If you’re eligible, start your registration by following these simple steps below:

  1. Open your GCash app.
  2. From the dashboard, select Borrow.
  3. Tap GGives, and then tap Get Started.
  4. Check that your pre-filled personal information is correct. For any changes, tap the User Profile and modify the details you wish to change. Tap Next.
  5. Enter the required information, and then tap Next.
  6. Key in the six-digit authentication code and tap Submit.
  7. You will be redirected to a page confirming your GGives activation.  

📌 How Do You Use GGives?

To use GGives for purchasing an item in-store, follow the steps below:

  1. Open the GCash app.
  2. From your dashboard, tap Pay QR
  3. Focus your phone's camera on the merchant's printed QR code. 
  4. Input the amount of the item or items you wish to buy, and then tap Next.
  5. Select GGives as the payment option, and then tap See Installment Options.
  6. Choose your installment plan, and then agree to the Disclosure Statement.
  7. Tap Pay with GGives
  8. A confirmation receipt will appear on your screen once your payment is successful.

If you’re purchasing an item online, you can also do so with GGives. Here are the steps: 

  1. Choose GCash as your payment method when checking out your items online. 
  2. Log in to your GCash and tap GGives
  3. Tap See Installment Options and choose your installment plan. 
  4. Agree to the disclosure statement, and then tap Pay with GGives
  5. You will be redirected to your confirmation receipt when your payment is successful. 

📌 FAQs on GGives

1. Where can I use GGives payment?

You can use GGives in more than 100,000 GCash partner stores merchants, including supermarkets, pharmacies, transportation, and convenience stores.[2] 

2. What’s the GGives interest rate

Depending on the loan term and your GScore, interest rates for GGives vary from 0% to 5.49% per month. Use the online GGives calculator to get an idea of how much your monthly interest and payments will be for your purchase. 

3. Are there penalty charges for using GGives?

Yes. If you fail to pay on your due date, GGives charges a ₱100 penalty fee one day after your due date. An additional 0.15% of your Daily Outstanding Principal Balance will be applied to your account each day after your due date. 

4. How to increase GGives Limit? 

Use your GCash for transactions and keep a good GScore to increase your GGives limit.

5. Can I make a refund for my GGives purchases?

Yes. You can refund purchases made with GGives. Just make sure you meet the following GCash loan requirements:

  • Make the refund request within 30 days from the date of purchase.
  • You should be eligible to make a full refund request. 
  • No payments for the loan should have been made before the refund. 

GCredit Guide for GCash Users 

how to loan in gcash - GCredit

📌 What is GCredit? 

GCredit is your credit line on GCash. You can enjoy a credit line of up to ₱30,000 to pay for online transactions in over 100,000 billers and stores at a later date. You don’t need any additional requirements to avail of this feature; you only need to pay the amount borrowed and its interest dues. 

Unlike with the GLoan, you can repeatedly or continuously access your GCredit credit line for up to your credit limit, given you pay your dues early or on time.

📌 How Do You Qualify for GCredit?

You must meet the following eligibility requirements, which are similar to those of GLoan and GGives: 

  • Be a Filipino citizen between 21 to 65 years old
  • Have a fully verified GCash account and good GScore
  • In good credit standing

📌 How to Activate GCredit

how to loan in gcash - activate gcredit

If you’re eligible to activate and apply for GCredit, follow the steps below: 

  1. Log in to GCash and tap View All
  2. Tap GCredit under Borrow
  3. Confirm your email address and then tap Next
  4. Review your personal information. Tap Next
  5. Fill out the form with the required details and then tap Next
  6. Review your GCredit application, and tap Submit
  7. You will see the confirmation message when your GCredit application is successful. 

📌 How to Use GCredit

Use GCredit to pay bills or pay for purchases or transactions online. You can also use it as a backup payment option for purchases from the Apple Store or Google Play Store. 

To pay for a purchase or online transaction using GCredit, follow the steps below: 

  1. Upon checkout on the GCash partner’s app, select GCash
  2. Log in with your GCash details. 
  3. Select GCredit and tap Pay

For bills payment using GCredit, do the following steps: 

  1. Log in to GCash and tap Bills
  2. Select the category and biller. 
  3. Enter the account details and tap Next
  4. Select to pay with GCredit, and then tap Next
  5. You'll see the confirmation page or payment receipt. Take a screenshot or download the receipt for your records. 

📌 FAQs on GCredit

1. How do I know my GCredit limit? 

You can see your credit limit on your GCredit dashboard. When you log in to GCash, tap Borrow and then GCredit. You can view your remaining credit limit and total credit limit. 

2. Where do I pay my GCredit? 

You can pay it on the GCash App, at any GCash payment partner, or through GCredit Auto-Deduct. 

3. How do I increase my GCredit limit?

To increase your GCredit Line, keep using your GCredit to pay your bills, shop online, and avail of GLife and GInsure. 

GGives vs. GLoan vs. GCredit

Having a lot of options can be confusing. Here’s a quick comparison of these three GCash credit products to help you easily find one that will work best for your needs.

Feature GLoan GGives GCredit
How often can you apply for or avail of the loan? You can use it as long as you have no existing or active GLoan and have a fully verified GCash account You can have multiple active loans up to the maximum loan amount and allowable loan count You can use it continuously if you have an available credit limit and pay your minimum amount due or the total amount on time
How do you receive the loan amount?

Credited to your GCash account (no need for a separate GCash loan app).

Released directly to the merchant Available on your GCash app as a payment method and released directly to the merchant
What is it best for? Buying big-ticket items from non-partner merchants Buying big-ticket items from partner merchants Small purchases like paying bills and buying emergency items
How much is the maximum loanable amount? ₱125,000 ₱125,000 Up to ₱30,000
What are the available payment terms? 5, 9, 12, 15, 18, or 24 months 14 days, or 6, 9, 12, 15, 18, or 24 months 45 days
What is the interest rate? 1.59% to 6.57% 0% to 5.49% 5% to 7%
Is the loan renewable? No, borrowers need to reapply four to seven days after full payment of the previous loan Yes, automatic replenishment after full payment Yes, automatic replenishment after full payment

Meanwhile, read more of our personal loan articles:

Download the GCash App

Got no GCash app yet? GCash is available for both Android and iOS devices. Download the app via the links below:

GCash on Google Play
GCash on App Store

Final Thoughts

Choosing between GLoan, GGives, and GCredit shouldn't be difficult, especially if you understand how each loan product works and how to loan in GCash. 

To improve your chances of getting approved, increase your GScore. Make sure you don’t have unpaid or delinquent GCredit accounts. Moreover, actively use your GCash account to increase your GScore―the primary basis for GCash loan eligibility. 

If you're looking for other loan options, check out these products from reputable lenders in the Philippines and apply easily through Moneymax:

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Sources:


Rouselle has over eight years of writing experience in the personal finance niche. She has written feature stories, articles, and how-to guides on various personal finance and trending lifestyle topics. Before that, she briefly worked in banking and was a licensed life insurance advisor. When not writing, Rouselle likes to read books and binge-watch films and series. Follow Rouselle on Linkedin.

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