Cashnow in the Philippines

Financial instrument to cover extraordinary expenses before salary. Not a lender. It works only with lenders who adhere to the standard practice of providing clients with complete and detailed information on loan conditions before these clients accept a specific loan offer.

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Cashnow https://upfinance.com/app/uploads/2019/06/Cashnow.jpg
1229 Chestnut St., #174, Philadelphia, PA 19107
N/A, info@cashnow.ph
Interest rate 20% - 195%
Loan tenure from 3 to 5 months
Approval duration Up to 1 hours
Min. monthly income1

Cashnow company description

Cashnow microfinance organization issues loans online, throughout the Philippines, working 24 hours a day. The company provides loans in the amount of 5000-15 000 PHP, for a period of 10 to 30 days. The minimum daily interest rate is 0.3%, a loan is issued to citizens who are at least 18 years old. The company gives a loan online to people who work at least 12 months, have an income of 10 000 pounds and can provide a certificate of employment. Individuals who use the services of Metrobank, Robinsons, Unionbank, BDO, RCBC, BRI can get an online loan from this company. If a potential client does not have accounts in one of the presented banks, the company will not serve him. To get a microloan to a bank account, it must be open 4 months before the loan is drawn up. 

Online payday loan

Rates:  From 27% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 15 000 PHP
Payment terms: 3 – 5 months
Lender fee: – 8% of loan amount
Approval time: 1 hour
Cash Now can match you with lenders in your area that will provide you with up to 75 000 PHP.

Calculate loan

Borrower requirements

To qualify for a cash loan, you must be at least 18 years old and have the following:
– You must be at least 18 years of age
– Continuous employment for the past 90 days
– Have a job (or other regular source of income)
– You must have an active open bank account

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

How to get a loan in the company

To take a profitable microloan online from Cashnow, you need to have a job, a bank account, a certificate confirming income, and to take the following steps:

  • visit the official website of the microfinance company;
  • fill out the client’s application, send it for consideration;
  • wait for the decision on the application (accepted within 20 minutes);
  • attach a bank card and get money on it. 

The client chooses the amount and term of the loan before filling out the application by putting the necessary positions on the loan calculator. After selecting the amount and terms of crediting, you need to go to the application filling section. In the field that appears, you need to specify the information required by the lender, accept the conditions for processing personal information. Filling out the questionnaire and checking the accuracy of the information entered, it is worth to send it for consideration. For new borrowers, the company issues minimum loan amounts, while clients with a certain credit  experience receive much more if they fulfill their obligations in a timely manner. 

Benefits of service

Cashnow is a competitive lender in the market, offering borrowers favorable and transparent terms. The benefits of using online lending services are:

  • the company considers applications around the clock;
  • you can get your money on a plastic card or bank account;
  • no hidden commissions and fees;
  • the level of personal data protection is high;
  • interest rate is one of the lowest;
  • you can activate the option of automatic debit of funds when the loan expires, so as not to forget to pay it;
  • besides the main period of using the loan, customers have a three-day grace period, which is convenient for those who do not have time to pay on time.

The company provides borrowers with the opportunity to repay the loan ahead of schedule, while the interest rate is automatically recalculated. 

Why you should choose this company

Cashnow works only with employed clients to minimize the need to work with overdue debts. Customers who have accounts in the respective banks and quickly get an income statement can receive money in 20 minutes, to an account or a card. The terms of crediting are transparent, the interest rate is low, amounts of microloans are rather large.

6 steps to get a loan 

In order to get a microloan from Cashnow, the client needs to have documents, stable Internet access, a bank card or account number, as well as take the following steps:

  1. Visiting the official website of the company.
  2. Choosing the amount and term of the loan.
  3. Filling out an e-questionnaire and submitting it for review.
  4. Attaching the necessary certificates and documents.
  5. Attaching a bank account or card.
  6. Signing an electronic contract and receiving funds.

The speed of issuing a loan will directly depend on how quickly the client attaches the required documents. 

How to return a loan 

In order to return a microloan to Cashnow, a client can make a payment from an attached bank card or account. These payment methods allow you to credit a payment instantly, regardless of the time of day and location of the client. Actual online payment method will be for borrowers who close the contract on the last day, not wanting to go into delay. Payment can be sent through the self-service terminal, however, in this case, instant transfer is not expected, the money will go to the company’s account for 2-3 days. 

Offline offices of the company 

Cashnow is a company that works exclusively through the Internet, so it makes no sense to search for its physical addresses. User registration, filling out an application and signing a contract takes place via the Internet. Using the electronic service is convenient for consumers, wherever they would be. 

Product Features

Min. financing amount ₱5000
Max. financing amount Up to ₱75000
Min. loan tenure 3 months
Max. loan tenure 5 months
Interest rate 20% - 195%
Approval duration Up to 1 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 3 months 4 months 5 months 6 months 5 months
LOAN AMOUNT ₱37500 ₱37500 ₱37500 ₱37500 ₱37500
FEE 20% 20% 20% 20% 20%
INTEREST AMOUNT ₱1875 ₱2500 ₱3125 ₱3750 ₱3125
TOTAL REPAYMENT ₱39375 ₱40000 ₱40625 ₱41250 ₱40625

Fees & Charges

One time setup
Processing fee no-fee
Stamp duty N/A
Disbursement & misc. fee N/A
Annual fee 240% - 2340%
Other fees N/A
Penalties
Early settlement no information
Late payment charges no information
Other penalties no information

Other Requirements

Need to open linked banked account? Yes
Other details N/A

FAQ

It’s easy and done through the application on your mobile phone or through the site. Register using your mobile number; fill in your profile with the necessary personal, work and bank details (for verification and payment); and click apply!

If you are a new customer, you must receive a credit decision within one banking day after applying. For regular customers, you can make a loan decision faster, since most of your information has already been verified.

You will receive a system generated SMS advice on the status of application

You can get your money credited directly to your Bank account. You will be asked to enter your Bank account number in the loan application.

Yes, you can repay the loan ahead of schedule. Although there will be no deductions from your current payment, there will be other benefits such as a good credit rating and discounts for future loans.

Contacts

Full company name Cashnow
Address 1229 Chestnut St., #174, Philadelphia, PA 19107
Phone number N/A
E-mail info@cashnow.ph
Social networks

User rating

Reviews

1 year ago

Full Fill Customer Needs

CashNow is an installment loan company who predominantly offer short-term loans to their customers in need. They are a very ethical lender and insist that a short-term loans purpose is to provide you with a lump sum of cash advance that’s payable over a period

1 year ago

Quick loan

CashNow provides an excellent service for borrowers looking for a quick and easy short-term loan from a company they can trust. While their APR and late payment charges can be high, they provide the advantage of a simple online application process and funds

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