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.Visit site
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.
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.
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
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:
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.
Cashnow is a competitive lender in the market, offering borrowers favorable and transparent terms. The benefits of using online lending services are:
The company provides borrowers with the opportunity to repay the loan ahead of schedule, while the interest rate is automatically recalculated.
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.
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:
The speed of issuing a loan will directly depend on how quickly the client attaches the required documents.
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.
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.
|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|
|TERM||3 months||4 months||5 months||6 months||5 months|
|One time setup|
|Disbursement & misc. fee||N/A|
|Annual fee||240% - 2340%|
|Early settlement||no information|
|Late payment charges||no information|
|Other penalties||no information|
|Need to open linked banked account?||Yes|
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.
|Full company name||Cashnow|
|Address||1229 Chestnut St., #174, Philadelphia, PA 19107|
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
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