GCredit - Borrow Up To P30,000

Ano ang GCredit?

GCredit is a credit limit available on the GCash app which may be used as a another payment source for your purchases. You can have a credit limit that you may use again every time you pay off a purchase with the corresponding interest.

Fuse, a licensed lending institution owned by Mynt, which on the other hand is a fintech startup under Globe Telecom, Ant Financial, and Ayala Corporation, introduces GCredit that gives GCash users a revolving credit line based on their GScore.

Matagal na nating alam ang tungkol sa GCash, kapag nabanggit ang pangalang ito, papasok agad sa isip natin ang Globe or TM. Kapag ikaw ay subscriber sa dalawa, pwede ka ng magkaroon ng GCash account. Pero ngayon, hindi na exclusive sa dalawang uri ng network dahil ang GCash ay all network na. Dahil sa GCash app, you can enjoy several kinds of features sa kanilang app at kasama na dito ang GCredit.

Ang GCredit ay isang credit line based sa iyong GScore. Kung mataas ang GScore mo, siguradong mataas din ang credit limit mo sa GCredit.

Ang GCredit ay naka beta phase pa ngayon. Sa 800,000 na GCash users, tanging 100,000 pa lang ang na grant na pwede gumamit sa products na ito. Kahit maganda ang GScore record mo, ang iyong GCredit ay pwede hindi rin activated. Selected users pa lamang ang nakapag-avail nito sa ngayon.

GScore ay pamamaraan ng Fuse para malalaman ang financial status ng isang tao. Ito ang unang Trsut Score sa ating bansa, ito ay based sa customer relationship ng GCash. Ibig sabihin nito, kung palai mong ginagamit ang GCash mo, maaaring tatas ang GScore mo, kapag mataas ang GScore, siguradong mataas din ang GCredit limit mo.

Paano Gagamitin ang GCredit?

Ang GCredit ay ang pinakabagong features ng GCash App. Dahil dito magkakaroon ka ng personal revolving credit line na maaari mong gagamitin any time sa gusto mo.

GCredit functions like a flexible loan or credit card. You get a set limit of money you can avail whenever you want. If you pay off your previous availments, you can use your maximum limit again.

For example, I have a GCredit limit of P2,000. I can avail P2,000 whenever I want. I bought an outfit worth P1,500. Now I can only avail P500 since P2,000 is my maximum limit.

However, if I pay P1,500 of my GCredit balance, I can then again avail P2,000 whenever I want.

WHAT CAN I USE GCREDIT FOR?

You can use GCredit to shop at our QR partner merchants or pay your bills! Just use Pay QR or Pay Bills as usual, and then select GCredit as your preferred payment option.

HOW DO I GET ACCESS TO GCREDIT?

GCredit is closely linked to GScore, which is the first trust score in the Philippines. Each GCash user has a GScore, which increases or decreases based on his GCash activity.

If you use more services frequently and transact with higher amounts, your GScore will increase. A higher GScore means access to GCredit and higher credit limits.

HOW DO I COMPUTE FOR INTEREST?

The interest rate of GCredit is 5%. However, interest is prorated, meaning it’s spread over the number of days you availed of GCredit.

For example, you paid for a P200 meal with GCredit and pay for it after 5 days. Interest is computed as:

P200 x 5% x 5/30 = P1.67

To settle your GCredit balance, you will only pay P201.67.

Get your GCredit access now! Just download the GCash App, select Manage Credit, and apply for GCredit today.

Please read GCredit Terms and Conditions on this link: http://bit.ly/GCreditTC

How to Activate Your GCredit:

Tap “Manage Credit” in your GCash app

Complete Your Profile

Make sure your email address is correct and verified

Wait for your activation e-mail and scan away

How to Use Your GCredit:

Tap “Pay QR”

Tap the QR Icon

Select GCredit and enter the amount to be paid

Tap Confirm



Why pay for your GCredit?

• Pay on time and enjoy these benefits!
• Maintain a Good GScore by paying on time and getting better chances to have a higher credit limit

• Avoid getting your credit limit suspended for continued usage

• Avoid paying additional interest charges until full repayment and penalties

• Avoid receiving repetitive payment reminder text notifications

• Avoid getting recurring calls from collection agencies

• Prevent escalation for a legal action and dealing with legal units

Sources:

https://www.gcash.com/how-to-use-gcredit

https://mielygraphy.com/just-got-approved-gcredit/

https://www.teknogadyet.com/2018/07/gcash-introduces-gcredit-gscore.html

https://fuselending.com/gcredit/faq/