CashCat
The guide about personal loan in the Philippines
Is Cashcat legal?
Attention!
Illegal lending company without a validly subsisting Certificate of Authority to Operate as Lending Companies or Financing Companies from the Securities and Exchange Commission.
The Securities and Exchange Commission (SEC) shut down 19 illegal online lending apps on Monday, 16 September 2019, over complaints of invasion of privacy and harassment.
Be careful! Do not be fooled!
Loan parameters
| Min amount | Max amount | Min terms | Max terms | Rate |
|---|---|---|---|---|
| 1000 PHP | 10000 PHP | 7 | 60 | 0,5%. per day |
1. Age
2. Time to review
1-2 working days
3. Other conditions
Example of calculating interest and loan payments
| TERM | 10 days | 20 days | 30 days |
|---|---|---|---|
| LOAN AMOUNT | 10000 PHP | 10000 PHP | 10000 PHP |
| FEE | 0,5%. | 0,5%. | 0,5%. |
| INTEREST AMOUNT | 500 PHP | 1000 PHP | 1500 PHP |
| TOTAL REPAYMENT | 10500 PHP | 11000 PHP | 11500 PHP |
About CashCat
What is Cashcat?
Cashcat is a site for comparing different loan and credit offers.
Cashcat is not a creditor.
You can choose the best loan offers on Cashcat and apply on the lender’s website or in the application.
If you urgently need money for any personal needs, you can borrow them on the CashCat website. For convenience, a credit institution offers its customers to register. You can log in to the service through a personal account. Its creation will take a few minutes.
How does it work?
The company’s policy is to understand that clients may need money at any time. Now you do not have to go anywhere. You just have to log in to your personal account, where the system automatically calculates the necessary data.
Modern technologies open up new opportunities and allow you to meet the needs of users in the most convenient way. Today, many customers use online services to get money, saving their time.
In comparison with some other companies, CashCat does not require its clients to specify the reason why they need money.
To apply, you need to take a few simple steps:
- Enter the website and click “Apply”.
- Enter your basic data, last name, first name, phone number and others.
- Select an offer from the list of companies.
- Get started with detailed application.
- Be sure to fill in the form correctly and accurately, just like in your documents. Correct information without mistakes or typos will increase your chances of being approved significantly.
Features of issuing loans in CashCat
If the client wants to repay the loan before the due date, the commission will be automatically recalculated. Conversely, if there is no possibility to pay the fee on time, the date of the mandatory payment can be moved. The number of times a person wants to postpone a mandatory payment is not limited.
7-Eleven branches operate to repay regular payments. There are more than 1,500 of them on the territory of the Philippines, so you can close a loan anywhere without having to go to the main office of the company. You can close a loan as quickly as you can get it online. No commissions and hidden payments.
Frequently Asked Questions
Who can get a loan in CashCat?
- A man or woman between the ages of 22 and 60;
- Now works or has the stable income;
- Has a valid home address in Manila and other selected areas of the Philippines;
- Has a steady income and occupation information;
- Has 2 ID cards with scanned or photographed;
- Can provide the contact details of the guarantor and a personal bank account;
- Some companies may require additional conditions.
How much is the interest rate?
Depending on your application and previous credit history, the interest rate may vary from 0% to 1% per day. CashCat works closely with all known credit partners in the Philippines to ensure the best possible conditions for clients. For regular customers the rates are reduced.
How do I know the loan is approved?
The decision on your loan application will be sent to you by SMS or E-mail within 1 business day after you submit a complete and clear document request. Our lenders evaluate all applicants quickly and fairly.
When will I receive the money?
The lender company sends you the money as soon as it is approved. You will then receive an SMS with instructions on how to receive your money.
What Government ID are suitable for a loan?
Different lending companies may accept different IDs, but if you have one of these you should be fine:
- Driver’s License
- NBI Clearance
- Postal ID
- Voter’s ID
- Firearms License
- Police clearance
- TIN Card
- Social Security System ID (SSS)
- UMID
- OFW ID
- TIN Card
- Social Security System ID (SSS)
- Firearms License
HOW IT WORKS
1. Fill in the form
2. Wait 20 minutes
3. Get money
FAQ
Contacts
- Address: Level 26-a Rufino Pacific Tower, 6784 Ayala Avenue, Makati City, Metro Manila
- Phone: +63286263708
- Email: [email protected]
Written by Mikka Montero | Modified date: January 22, 2021
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