Go Loan is the personal loan product for your urgent needs. Be it funds for your kid’s education, medical expenses, travel allowance, or appliance and gadget purchases, think of it as your go-to loan.
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|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%||Monthly Add-On 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.
Here are other personal loan offers from different banks in the Philippines that's also worth looking into: