Cash Mart is a financial company that provides quick loans to citizens of the Philippines.
CashMart is an organization that enjoys great customer confidence. More than 30 thousand Filipinos have already become users of this service, and this number is constantly increasing due to favorable credit conditions. CashMart provides various credit conditions for different needs. Clients of this microfinance organization can expect to receive a loan for business development and personal needs. One of the main advantages of Cash Mart is the possibility of processing a loan in 24/7 mode.
Clients of this company can draw up a loan even at night. CashMart company was founded in 1969. During its existence, this company has received a huge number of awards for the reliability and high quality of credit services. Such achievements are due to the fact that this organization is looking for an individual approach to any client. This microfinance company is ready to offer an individual loan package based on the goals of the borrower and his current financial condition.
Most clients opt for CashMart because this company provides a loan on simple and understandable conditions in real time. Borrowers do not have to wait long for the decision of the loan officers and collect a huge number of documents.
Personal loan
Interest Rates: 0.8% – 3,5% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 30 000 PHP
Payment terms: Up to 3 months
Processing fee 10% of the principal loan amount
Approval time: 24 hours
Calculate loanOFW loan
Interest Rates: 1.2% – 2,5% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 50 000 PHP
Payment terms: Up to 3 months
Processing fee 10% of the principal loan amount
Approval time: 24 hours
Salary loan
Interest Rates: 0.8% – 3,5% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 30 000 PHP
Payment terms: Up to 3 months
Processing fee 10% of the principal loan amount
Approval time: 24 hours
Borrower requirements
At least 21 years old, Filipino citizen, Currently employed or Self-employed
For Salaried and Commission-based Employees Government Issued ID, Latest One-Month Pay-slip, Latest Proof of Billing
For Self Employed Government Issued ID, Latest One-Month Payslip/Bank Statement, Latest Proof of Billing
For Taxi/Grab drivers Government ID, Latest One-Month Statement of Account, Latest Proof of Billing
Loan Calculator
How to take a loan in the company
To draw up a loan in CashMart you need to visit the official website of this company. After that, the borrower needs to determine the term and amount of the loan. Then you need to click the “Submit Application” button and start filling in the online form. To increase the chances of getting a loan, all fields of the online form should be filled out as honestly and extensively as possible. After filling in the application, it remains only to accept the terms of the loan. Next, the borrower should wait for the phone call of the loan officer, who will inform about the company’s decision. If the application is approved, the money will be transferred to the specified bank account.
Benefits of service
- Both employees and self-employed can count on getting a loan. This company is also ready to lend to taxi drivers.
- The possibility of drawing up a quick loan in 3 stages.
- Security of confidential customer information. CashMart undertakes not to share personal information of the borrower with other persons or organizations.
- Lack of a long list of requirements for loan processing.
- The possibility of receiving money directly to a bank card. CashMart clients do not need to visit the official representative of the company and waste their time in queues.
Why clients choose Cash Mart
Cash Mart is a microfinance company that is willing to lend to residents of the Philippines to meet any financial goals. This organization draws up personal loans to customers who need to pay for surgeries and medical services, organizing a wedding or vacation abroad, buying furniture or household appliances, consolidating debts, etc. CashMart also provides salary loans. Thanks to this service, citizens of the Philippines can pay for utilities, as well as buy necessary things and food.
4 steps to get a loan
- Determine the necessary amount and lending terms. The borrower needs to accurately calculate his budget and ability to repay the debt on time.
- Submit an online application on the official CashMart website. It takes no more than five minutes to complete the application.
- Wait a few minutes for the loan officer to consider the application and make his decision. A potential borrower will personally know about the approval of loan application or refusal to issue a loan from a loan officer.
- Wait for the accrual of money to the specified bank card.
How to return money
This financial company provides the opportunity to return the loan funds in three ways. Firstly, a CashMart client can contact the official representative office of this company, located in Manila. Secondly, you can use any bank terminal to return money. It can be found in a shopping or office center, supermarket or bank. Payment terminals to pay the debt on the loan are also installed at almost all public transport stops. Thirdly, you can repay your debt to CashMart at a branch of any Philippine bank.
Offices of Cash Mart
Cash Mart is a company that primarily works online. That is why this organization has only one official representation. It is located in Manila at 53 Bayani Road, Fort Bonifacio Taguig City business center. Representatives of the organization can also be contacted by phone or via the online form on the official website.
Product Features
| Min. financing amount | ₱3000 |
| Max. financing amount | Up to ₱30000 |
| Min. loan tenure | 1 months |
| Max. loan tenure | 1 months |
| Interest rate | 1.71% - 5% |
| Approval duration | Up to 1 hours |
| Debt consolidation | Yes |
Example of calculating interest and loan payments
| TERM | 1 months | 2 months | 3 months | 4 months | 1 months |
| LOAN AMOUNT | ₱15000 | ₱15000 | ₱15000 | ₱15000 | ₱15000 |
| FEE | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
| INTEREST AMOUNT | ₱21 | ₱43 | ₱64 | ₱86 | ₱21 |
| TOTAL REPAYMENT | ₱15021 | ₱15043 | ₱15064 | ₱15086 | ₱15021 |
Fees & Charges
| One time setup | |
| Processing fee | Not available online |
| Stamp duty | N/A |
| Disbursement & misc. fee | N/A |
| Annual fee | N/A |
| Other fees | N/A |
| Penalties | |
| Early settlement | no information |
| Late payment charges | no information |
| Other penalties | no information |
Eligibility
| Age requirement | 21-50 |
| Employment eligibility | Currently employed, self-employed or seaman, one valid ID, last proof of flow funds. |
| Min. salary requirement | ₱6000 gross per month |
| Guarantor / Collateral requirement | No |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details | - |
FAQ
Filipino who is going to work abroad. Documents for issuing OFW loan:
• 2 valid IDs related such as passport and OWWA ID
• Copy of visa
• Consularized certificate of employment
• Flight ticket and details
• Transfer confirmation
• POEA overseas employment certificate – get this from the POEA office in your area
• For seafarers, the latest contract
• Billing confirmation
• Proof of residency
Yes, we accept documents online, but the loan approval process may take longer than if you were in the Philippines.
Typically, you should apply for an OFW loan when you already have an OWWA passport and other documents confirming your OFW status.
The longest loan period is 3 months.
Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.
You do not require any collateral or guarantor to apply for a Personal loan.
Contacts
| Full company name | Cash Mart Philippines |
| Address | 53 Bayani Rd, Taguig City, Metro Manila, Philippines 1630 |
| Phone number | (02) 829 0000 |
| info@cashmart.ph | |
| Social networks |
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User rating
Reviews
Mohsinkhan
If you want faster and better loan provider then you have to go for CASHMART . It provide fantastic costumer support and service. It has higher costumer support of more than three thousand filipinos. Best service for microloans .CASHMART is awarded for its reliability and faster service .Individual approach to the customer is also provided .Easy online application filling,instant and faster approval to the customer is given .Borrowers information and credentials data is safe with this secure service. you only have to login on official website to get benefits of faster loan service.
Nice Company
Such a great company its values of thing and work and also they acknowledge customer satisfaction. i as a customer actually starting to love it . and they can understand your problems more effectively and easily.
LeaderShip
The leadership team is solid. Great atmosphere to learn and grow personally along with the company. as a customer i love there works