This guide provides a comprehensive overview of Cash-Express PH, including how to apply, eligibility requirements, loan terms, and repayment methods.
What is Cash-Express PH?
Cash-Express PH is an online lending platform that provides a fast and convenient way to get a loan. The service is designed for short-term financial needs and operates entirely online, allowing you to apply for a loan from your computer or mobile device at any time. The company prides itself on a user-friendly process, fast approval times, and a commitment to data security, being accredited by the National Privacy Commission.
Also check my list of 10 Best Quick Cash Loans in the Philippines
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How to Apply for a Quick Loan
The application process with Cash-Express PH is designed to be simple and takes only a few minutes. Here’s a step-by-step guide:
- Create a Profile: Visit the Cash-Express PH website and register to create your personal account. You will need to fill out the application form with your details.
- Get a Quick Decision: After submitting your application, the platform will process your information and provide a decision in as little as 5 to 15 minutes.
- Receive Your Funds: Once approved, the loan amount will be disbursed directly to your bank account or e-wallet, often instantly or within 24 hours, depending on your bank.
Eligibility and Requirements
To be eligible for a loan from Cash-Express PH, you must meet the following criteria:
Age: Be between 21 and 70 years old.
Citizenship: Be a Filipino citizen currently residing in the Philippines.
Income: Be currently employed or have a stable source of income.
Contact: Have an active personal mobile number.
Bank Account/E-wallet: Have an active personal bank account or e-wallet.
Valid ID: Provide a clear picture of one of the following government-issued IDs, along with a selfie holding the same ID:
Loan Terms, Interest, and Penalties
Understanding the financial details of your loan is crucial. Cash-Express PH offers transparent terms to help you manage your repayment.
Loan Amount: You can borrow anywhere from PHP 500 to PHP 40,000.
Loan Term: The standard loan term is between 180 and 189 days. Repayment frequencies can be tailored to your needs, with options for payments every 7, 14, 21, or 30 days.
Interest Rates:
- First-Time Customers: Enjoy a special offer of 0% interest for the first 7 days of your loan.
- After 7 days or for returning customers: The daily interest rate is between 1.5% and 1.99%.
Example: For a new client, you can get a maximum loan of PHP 10,000 at a 0% Annual Percentage Rate (APR) for the first 7 days.
Penalties for Late Payments: If you miss a payment, penalties will be charged immediately. A penalty rate of 1% of the loan amount per day is applied. Additionally, specific penalty fees of PHP 125 are charged on the 5th, 10th, 15th, 20th, 25th, and 30th day of delay. Timely repayment is highly encouraged to avoid these additional charges and maintain a good credit score.
Also check out the 5 Credit Cards with No Annual Fees in the Philippines
How to Repay Your Loan
Repaying your Cash-Express PH loan is a straightforward process. The most important thing to remember is to use a unique REFERENCE NUMBER for each payment.
Generate a Reference Number:
- Log in to your Cash-Express personal account.
- Select your repayment amount.
- Click "Repay" to open the Dragonpay window.
Choose Your Payment Method:
- Select your preferred payment channel from the accredited options, which include:
- Real-time posting: 7-Eleven, GCash, Maya, GrabPay.
- 1-day posting: Cebuana Lhuillier, BAYAD CENTER, LBC, SM & Robinson Bills Payment.
- 1-3 day posting: Various banks.
- 3-5 day posting: Internet banking.
Get Instructions and Pay:
- Enter your mobile number or email to receive the specific payment instructions.
Follow the instructions provided to complete your payment. For example, if you choose GCash, you will go to the Bills section of your app, select "Loans," then "Dragon Loans," and fill in the payment details using the generated reference number.
Contact Information
For any concerns or inquiries, you can reach Cash-Express PH through the following channels:
Phone:
- +63 917 185-5935 (Globe)
- +63 917 115-8452 (Globe)
- +632 7902-7390 (Landline)
Email:
- payments@cash-express.ph (for payment concerns)
- verification@cash-express.ph (for application follow-ups)
- customersupport@cash-express.ph (for assistance)
- info@cash-express.ph (for general inquiries)
Office Hours:
- Monday-Friday: 8 AM – 5 PM
- Saturday-Sunday: 9 AM – 5 PM
Address: Unit 3101 Trade and Financial Tower 7th Ave. cor 32nd St. Fort Bonifacio, Global City, Taguig
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