GCash and Fuse Lending Inc. introduced a new feature in the e-wallet that allows users to borrow small amounts
Loan without the hassle with GCash!
GCash has introduced a new feature called GCash Sakto Loans, which is like a tiny loan that lets you borrow money easily. The goal is to make it simple for more Filipinos to get loans without all the usual paperwork hassles.
A study by GCash found that almost everyone in the Philippines has to borrow money at some point to make ends meet. But the complicated loan application process makes more than half of them turn to informal lenders.
With Sakto Loans, GCash and Fuse want to make financial services more accessible to Filipinos, including those who don’t have bank accounts. It’s part of GCash’s effort to give people better ways to borrow money, and it joins their other lending options like GLoan, GCredit, and GGives, which let you borrow money with just a few taps on your phone. This way, they can offer loans that truly suit the needs of Filipinos.
The best part? Sakto Loans has a processing fee as low as PHP 6.50, and you can borrow as little as PHP 100 or as much as PHP 1,000 with zero interest. You can pay it back in either 14 or 30 days, according to GCash.
GCash is on a mission to level the playing field and give every Filipino equal opportunities when it comes to loans.
“We’re changing how lending works to make it not only easy but also tailored to each person’s situation,” added Sazon. “Our goal is to remove barriers so that Filipinos can get the loans they need to improve their financial well-being.”
