Is CashCat legal?
Any financial company that wants to work in the Philippines is required by law to receive the appropriate permission. The SEC (Securities and Exchange Commission) is responsible for this. On the official website sec.gov.ph you can find lists of companies that have been tested and are trustworthy:
- LIST OF LENDING COMPANIES WITH CERTIFICATE OF AUTHORITY;
- LIST OF FINANCING COMPANIES WITH CERTIFICATE OF AUTHORITY.
We DID NOT find the company CashCat in the list of registered organizations on the SEC website, if you decide to contact them for services, carefully check all documents, it may not be safe!
|Min amount||Max amount||Min terms||Max terms||Rate|
|4000 PHP||100000 PHP||7||60||1.5%. per day|
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|
|INTEREST AMOUNT||1500 PHP||3000 PHP||4500 PHP|
|TOTAL REPAYMENT||11500 PHP||13000 PHP||14500 PHP|
If you urgently need money for any personal needs, you can borrow them on the CashCat website. For convenience, the organization offers its clients to sign up. 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 get a loan, you need two documents confirming your identity. It may be a driver’s license or another document if it is absent.
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.