|Min amount||Max amount||Min terms||Max terms||Rate|
|5000 PHP||15000 PHP||90||150||0.3 per day|
Example of calculating interest and loan payments
|TERM||10 days||20 days||30 days|
|LOAN AMOUNT||10000 PHP||10000 PHP||10000 PHP|
|INTEREST AMOUNT||3000 PHP||6000 PHP||9000 PHP|
|TOTAL REPAYMENT||13000 PHP||16000 PHP||19000 PHP|
WHAT BANKS DOES THE COMPANY WORK WITH?
The loan on CashNow.ph. web site is simply out there to guests to sequent BDO, BPI, Metrobank, Unionbank, Robinsons and RCBC banks.
The company has no approach of exploiting guests United Nations agency don’t have a checking account as in one of those half dozen banks.
In addition, they inform you that so as to get a loan, you are doing not ought to disclose the payment of one to them, thus (as well as so as to get a loan they have to a minimum of four months of bank statements and events of our loans.
HOW FAST CAN YOU GET MONEY?
That’s what matters most to you. how briskly are you able to purchase the mandatory paperwork? anon, likewise as you have got been victimization your own papers, the corporate checks your contract. Any correspondent bank is needed to conclude a machine debit agreement (ADA). However, this is often sometimes drained a 24-hour method.
WHAT HAPPENS IF YOU MAKE A PAYMENT?
For many banks, payments area unit continuously subtracted mechanically. during this case, if the corporate tries to debit your account and you are doing not have the specified cash in your account, you may be free fifty units. This covers the tin commission owing to the removal of cash from your account. therefore (so that this is often enough to hold out any amount, to date you’ll be able to not compile your own finances as.
In banks wherever Cashnow.ph doesn’t have a mechanical debit perform, payments created once three days from the date of payment are control at the speed of P20 unit within the amount as associate degree due payment. This payment is due among the fourth amount once the date of payment. you may not pay this payment in any approach throughout the 3-day incentive amount.
Can I make my payments at any time during my loan?
It’s missing. Any contribution should be created among the amount laid out in your contract. The 5-month plastic agreement doesn’t mean in any approach that you simply are able to repay it in line with your own can, if the complete loan is repaid within the method of five months. Any payment should be created among the established amount. If you are doing not build a pair of payments in succession, the corporate can become a set operation.
What if I want to pay off a loan earlier?
Always the number – no but three months. With the assistance of three months you’ll be able to repay the loan.