CashWagon Online Loans
Cashwagon is an online lending service in the Philippines. The company is positioning itself as one of the fastest cash withdrawal services, so the company relies on fast payment processing and a convenient mobile application. It is licensed by Securities and Exchange Commission No. 2343 for lending activities in the Philippines. Cashwagon provides favorable credit terms, a high percentage of sure approved loans, and transparent terms of cooperation.
The company’s policy is aimed at issuing credit funds without specifying the ultimate purpose of its use. The procedure is devoid of fundamental elements of the banking system and aimed at online transactions. All credit funds are insured, and users can use the simplified registration procedure. Beginners can count on lucrative bonuses and a convenient system of refunds. The service has an intuitive interface and a hint system for quick loan processing.
All Requirements for Obtaining a Loan in Cashwagon
The company has simple requirements for all borrowers. The list of rules and conditions does not change and is associated with company policy. Philippines residents can quickly get a personal loan online. Here is a list of requirements that meet your chances of getting an online loan:
- Clients are at the age of 22-60 years old;
- Employed individuals with stable work and income;
- Philippines residents only with a valid ID.
Cashwagon provides online emergency loans exclusively to people with a permanent, proven source of income. Non-residents of the Philippines cannot rely on online credit, because they do not have a permanent place of registration in the country and can leave it at any time. The loan is processed online, so you need a stable Internet connection and the ability to use the company’s website. You can use a PC, smartphone, or tablet.
Loan Amount, Interest Rate and Fees in Cashwagon
Cashwagon offers new users loans from 2,000 to 7,000 pesos for 30 calendar days. Depending on the size of the loan, the interest rate may be about 40% of the loan amount. Users with a positive credit history can count on 20,000 pesos. Payments made within 1-2 banking days. Late payment charges are 500 pesos. The penalty charged from the first three days of delay (as well as the 10th, 20th, 30th day). You should take into account this nuance and correctly calculate your financial capabilities to avoid unpleasant consequences.
Terms of crediting should observe strictly. As a bonus, all newbies can get an online cash loans in an hour in Cashwagon with a grace period of 10 days. During this period, you do not have to pay a fee for using the loan. The rest of the time, interest is calculated according to the established norms. It is especially beneficial when making large payments. Glassy conditions guarantee fair conditions of cooperation. The main advantage of the service is a detailed FAQ section with all typical questions regarding loan amount, interest rate, and fees in Cashwagon.
How to Get an Online Loan in Cashwagon?
New clients need to go to the home page of the site, specify the desired loan amount, their contact details, and phone number. After that, you need to click on the “Apply now” button. After this procedure, you will receive an SMS message with a confirmation code. Point it on the site and verify your phone number. Next, you need to send a copy of your private ID, a selfie with this document and fill out a short information form about yourself.
The company will review your request within 15 minutes, after which the manager will contact you and clarify the details of the loan. According to company statistics, about 96% of clients receive credit approval. The average payment is collected on the customer’s bank account within 24 hours. In rare cases, you will have to wait up to two days. The money is sent to the client immediately after signing the contract. The main point is your current bank card of one of the banks in the Philippines.
All applications are processed automatically. If the user meets all the requirements, the app goes to the managers who are in contact with customers. Automation allows you to reduce the waiting time for a positive decision on the loan. Quality photos also speed up the credit process. To avoid delays in the payment, you must specify the data of the current credit card. The more credits the client paid, the faster all subsequent online applications are processed.
Advantages and Disadvantages of Cashwagon
Cashwagon is positioning itself as the fastest online credit service in the Philippines. The application for fastest online loan approval is processed within 10-15 minutes, after which the manager clarifies all the details and makes the payment. Quick registration takes only a couple of minutes and does not require paperwork. All you need is a computer or smartphone with stable Internet access. Most clients with a stable job can count on credit approval. Remittances come to a bank card in 24 hours. In some cases, the transfer may be faster or longer than the specified period.
The advantages of the company are distinct, but there are several nuances. So, the minimum crediting period is 30 days. 40% of the commission for the maximum loan amount is a relatively large percentage. Cashwagon claims to have apps for Android and IOS, but the second option is not available. Alternatively, customers can use the mobile version of the site. Users should repay the loan on time to not deal with late payment charges. Long-term neglect of the interest rate entails a significant increase in debt to the credit institution.
You can find Cashwagon’s Green Money Tree Lending Corp., The World Center 330 Sen. Gil Puyat Avenue, Makati City. Customers can write a message to the company’s e-mail (email@example.com). Managers respond within 15 minutes. You can also call the number (02) 908-2891 and clarify all the details you are interested in. The service itself is available 24/4, so you can apply for a loan online even late at night. It is especially essential for emergencies.