CashMart promises its clients the lending experience they deserve. It is one of the most trusted lending agencies in the Philippines with more than 50 000 grateful borrowers. Cash Mart is a legally registered online lending company with SEC Registration No. CS201610084.
Requirements to the borrower – Filipino citizen, 21 years old and more, employed (document to prove it), one official ID, proof of billing. To borrow money from Cash Mart, the customer must meet the following eligibility:
Latest proof of billing (Meralco, internet, water bill, cable, or PLDT bills)
Latest one-month payslip
At least one valid government-issued ID:
Types of loans from CashMart
Salary loan makes it possible to turn any day into a salary day. You can borrow 5000-30000 PHP with fixed terms under 0,8-3,5% per day. The fast loan will be approved in one day. Who can take a salary loan? Filipino citizen who is currently living in the Philippines at the age of 21 to 50 years old. He or she must be currently employed, self-employed, or OFW / Seafarer’s Allottee.
Personal loan is available in amount of 5000-50000 PHP. This type of loan is ash booster for client’s immediate financial needs. The requirements for getting this loan are pretty much the same as for salary loan.
OFW loan is designed to help families stayed in the Philippines while one of the members goes abroad to work. Cash Mart issues up to 30000 Php in this case. Because of the higher risks, the interest rate can be slightly higher. The lender will provide money for 1,2-2,5% of amortization.
About borrowing from Cash Mart
After you submit the application form, specialists from the contact center will call you to verify the details, within one hour or less.
Cash Mart lending company offers a fair interest rate of as low as 3.5%. The exact amount will depend on the loan terms (weekly, bi-weekly or monthly). Besides, caring about the customers, Cash Mart offers flexible repayment plans that are comfortable for the borrower.
There are three basic loan terms for repayment: weekly, bi-weekly and monthly. Most often, the client can choose the schedule of repayment, which suits his situation the most. Discuss the terms of repayment with the manager by phone, the resulting decision will be noted in the email and loan contract.
It is possible to get a re-loan, if you repay the loan earlier than a due date. In the opposite situation, in case of late repayment of the loan, the client is charged with a late repayment fee. Besides, failure of loan repayment damages your credit history and reduces your chances of getting the next loan.