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Казахстан
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.5

CashMart

Advertiser Disclosure

About lender

CashMart is based in Taguig, Manila, Philippines, and is part of the Nondepository Credit Intermediation Industry. CashMart has officially set itself as a legal online loan solutions provider in the Philippines. It has over 50,000 customers, which makes it one of the most reputable SEC-licensed online lending organizations in the area. It provides individuals with loan solutions like a personal loan, a salary loan, a car loan and also an OFW loan. CashMart Asia Lending Inc. is a non-depository credit intermediation company situated in Taguig, Manila, Philippines. The company was established in 1969 in Singapore and has now created various service-oriented loan solutions in the Philippines.

Pros and cons

Requesting a personal loan or any other type of loan from CashMart may be beneficial if you're suffering from financial troubles. It is, however, crucial to educate oneself on all of the upsides and downsides before you borrow money online.

Pros

  • Fast approval and same day disbursement
  • Competitive interest rates
  • Provides a data secure service

Cons

  • The company maintains the right to reject or downgrade the credit offering for any subsequent loans without providing any explanation.
  • Their personal loan interest rate is among the highest in the industry.

Loan conditions

The cash loan is intended for Filipino residents aged between 21 to 50. The borrower must be employed currently, self-employed, or be an OFW/Seafarer’s Allottee. To qualify for any loan at CashMart, you must have the latest proof of billing, a company ID, current payslip, a valid government ID, driver’s license, NBI clearance, police clearance, a voter’s ID, TIN ID, UMID, Philhealth ID, firearms license, and postal ID. The applicant will also have to pay a certain amount of interest rate which depends on their credit score.

Methods of a loan funding

This lending company offers online loans that can be taken in a three-step process. The application process begins with an online application form. CashMart representatives contact the applicant within one business day after submitting the online application. After contacting the candidate by phone and email, CashMart determines their eligibility. The contract is signed, and the applicant can access their cash once the applicant's qualifications and eligibility have been verified and the terms and rates have been agreed upon.

CashMart's loan products are good for applicants who have urgent personal needs and are looking for quick loans to aid their cash crisis. The lending company allows customers to apply for credit at any time and receive money within 24 hours after completing a credit agreement. All the loans have a certain amount of interest rate, which is calculated on the basis of the loan amount and the applicant's credit score. Borrowers can also use multiple financial tools like a loan calculator for calculating interest.

CashMart

FAQ

What is CashMart?

CashMart is a Philippines-based online fast loan company initially established in Singapore in 1969. The lender offers four types of loans: personal loans, salary loans, car loans, and OFW (overseas Filipino workers) loans. Any type of quick loan attracts a certain amount of fixed interest rate.

Who owns CashMart?

CashMart Asia Lending Inc. was registered by the Securities and Exchange Commission in 2016. Its key principal is Sirong Daryl Wee. 

How do you qualify for CashMart?

Salaried, commission-based employees, and self-employed individuals must have a government-issued ID, the most recent one-month payslip, and proof of billing to qualify for a personal loan in the Philippines. Taxi drivers must submit a valid government ID, the most recent one-month bank account statement, and the most recent proof of billing.

How much can you borrow?

The applicant can apply for a loan ranging from ₱5,000 to ₱50,000.

Is CashMart a legitimate company?

CashMart is a legitimate online lender with a Securities and Exchange Commission registration. They have already provided loans to over 50.000 consumers.

Company documents

TERMS OF SERVICE AND PRIVACY POLICY

Cash Mart is dedicated to serving clients with utmost diligence. We understand that each Filipino has unique day-to-day cash needs. Serving you do not stop with world class loan products, we want to be your partner as you gain more financial control. We strive to provide quality customer experience to every client who trusts our brand because we believe that trust and loyalty are the strongest foundations of lasting partnerships.

© Cash Mart Asia Lending Inc.

CashMart available areas

  • Ilocos Region
  • Cagayan Valley
  • Central Luzon
  • CALABARZON
  • MIMAROPA Region
  • Bicol Region
  • Western Visayas
  • Central Visayas
  • Eastern Visayas
  • Zamboanga Peninsula
  • Northern Mindanao
  • Davao Region
  • SOCCSKSARGEN
  • Caraga
  • National Capital Region
  • Cordillera Administrative Region
CashMart available areas

Financial products

CashMart
Salary Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
3000 - 30000
Rate
i

Effective interest rate on the product

0.0571% per day
Term
i

Loan term for the financial product

due date every 7 days
CashMart
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.4
Recommended FinScore™
0
300
650
1000
3000 - 30000
Rate
i

Effective interest rate on the product

0.0571% per day
Term
i

Loan term for the financial product

due date every 7 days
CashMart
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.4
Recommended FinScore™
0
300
650
1000
3000 - 30000
Rate
i

Effective interest rate on the product

0.0571% per day
Term
i

Loan term for the financial product

due date every 7 days
CashMart
Car Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
3000 - 30000
Rate
i

Effective interest rate on the product

0.0571% per day
Term
i

Loan term for the financial product

due date every 7 days

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CashMart loans calculator

Calculate loan payments in CashMart. Loans calculator will allow you to calculate an approximate payment schedule for the loan

CashMart calculator
Interest rates are given in accordance with the rates of the CashMart in Manila as of 30.11.2022
Loan amount
i

Enter the desired loan amount

PHP
PHP
5000 ₱
50000 ₱
Loan term
i

Specify the loan term for the calculation

days
months
7
28
City

What to pay attention to when applying for a loan at CashMart?

Recommendations

What distinguishes CashMart from a bank:

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All CashMart’s reviews by november 2022
Leave feedback
1 reviews
3.6
Advantages
everybody say that their reps are rude but looks like i m a luck because i had no problems with these guy.he was very polite when he said that i am declined… well, ok..
Disadvantages
i m tired of these documents. they ask me to proof of billing, payslip, gov’t IDs, colored pic of ATM and it happens every time. i call them, they ask for more. what for? after 3 days i called them and no answer just goddam great!! i texted them tru email and the bot said that wait. in some hours they call me and say you are not approved, sorry bro.
Complain
1 reviews
2
Advantages
i dont know
Disadvantages
somethings wrong with this company. wats rong with your workers?? can they be polite sometimes? very sarcastic and very rude. it s reeeally uncomfortable to talk to a person who looks like hate you. but i coiuld bare it, but where is my answer?? you asked a million of additional papers fro what? after 3 days of million documents they jus stopped answering me. ,aybe i should know what is going on with my loan?? i m i approved or not? still no updates someone emailed me said still verifying
Complain
1 reviews
OFW Loans Next
5
Advantages
very good experience with this company. i had a wedding on the next week and needed money badly, the guy name Jasper was very kind and patient andd helped to find all the papers they need, i eas approved in 2 days and had enough money
Disadvantages
maybe they shold fix their approval. they ask very many papers. i dont know why do they need so many but thats was ok. gladly i have received my money but i didnt like so long approval. fix this pls
Complain
1 reviews
3.4
Advantages
like for the online application. it wwas very simple and quick to complete. dislike for the rest
Disadvantages
during the whole application process they asked a very big number of different documents. everery time i send them a document and then they say that they need more, there are many companies that approve you on the same day but its not about these guys, i had to waut for several days to finally hear that i am approves for my loan. FINALLY. why do you need so many papers?
Complain
2 reviews
Personal Loan Next
3.4
Advantages
online application is a very good idea. i didnt need to go to the office and applied only online on thier site. the rep was very friendly and kind and helped me with taking my documents all together. thanks for that
Disadvantages
i dont know why they need so uch documents for the application, each time i send them papers they call me only to say that they need another papers and it was very long. i am tired of taking photos of my ID and so on. also the approval wasnt very quick
Complain
Overall company rating
3.5
/ 5
5 reviews
Execution of an application
4.2
Support service
3.8
Mobile app
2.4
Service quality
3.4
Your satisfaction level
3.6

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