|Product Name:||Go Loan|
|Remarks:||Get Approved within 3-7 Banking days once all documentary requirements are submitted,|
|Minimum Amount of Loan:||PHP5,000.00|
|Maximum Amount of Loan:||PHP50,000.00|
|Minimum Loan Tenure:||12 months|
|Maximum Loan Tenure:||12 months|
Eligibility and Requirements
|Age Range of Borrower:||21-65 years old|
|Minimum Annual Income:||PHP180,000.00|
|Income Requirement Remarks:||Low income requirement of only PHP15,000.00 per month|
|Employment / Work Status:||Permanent Employee for 0 year / Government Employee for 1 year|
|Borrower has to have Credit Card:||NO|
|Guarantor Required:||No Guarrantor required|
|Collateral Required:||No Collateral Required|
|Need to Open Linked Bank Account:||NO|
Application and Approval
|Approval Duration:||3-7 Business Days|
|Approval Duration Remarks:|
Fees and Charges/Penalties
|Loan Processing and Dispersal Fees:||PHP100.00|
|Early Repayment Penalty:|
|Late Payment Penalty:||5% penalty fee on the outstanding principal|
Interest Rates Offered
|Product Name:||Interest Rate||Effective Interest Rate||Interest Type|
|Go Loan||4.75%||Fixed Interest Rate|
What are the Eligibility Requirements for Go Loan?
- Applicant must be a Filipino citizen
- He/she must be at least 21 to 65 years old
- Must be a regular employee
What are the required documents to apply for GO LOAN?
- Photocopy of 1 Valid Government ID’s with picture and signature
- Photocopy of latest 2 months payslip
- Photocopy of company ID
What are the modes of Payment?
- Automatic Debit Via GCash – The amount due will be deducted automatically to your Gcash Wallet
- USSD Push Payment – Payment Via GCash Wallet through Fuse Website.
How do I claim my Go Loan?
The Loan will be automatically credited to your GCash Account through USSD Menu. Simply dial *141# to access your account.
Can I have two loans at once?
No, you have to close your first loan or pay in full your existing loan and apply again.
How do I re-apply for a Go Loan?
Once paid in full or have closed your existing loan, you can re apply for another loan, and it will undergo evaluation.