How to apply?
A personal loan, salary loan, car loan, and an OFW loan can be availed through CashMart. Go to their website and fill out the online loan application form. Verify the loan terms, including interest rate, loan amount, late payment fee, payment schedule, and other details. Once you have applied, expect a call from their loan department to verify your paperwork, and your funds should be transferred into your bank account the same day you send your loan contract.
Salary loan
An applicant for a salary loan can borrow any sum between ₱5,000 and ₱30,000 at an interest rate of 0.8%-3.5% for a fixed term. The loan is intended for Filipino residents aged 21 to 50.
Documents
Salaried and commission-based employees must present
- Latest proof of billing (Meralco, water bill, cable TV, Internet, landline, or PLDT bills)
- Company ID
- Latest one-month payslip
- At least one valid government ID:
- Driver’s license
- NBI clearance
- Police clearance
- Postal ID
- TIN ID
- Voter’s ID
- UMID
- PHILHEALTH ID
- Firearms license
Taxi Drivers must produce
- A government I
- Latest one-month statement of account
- Latest proof of billing
Personal loan
An applicant for a personal loan can borrow any sum between ₱5,000 and ₱50,000 at an interest rate of 0.8%-3.5% for a fixed term. The loan is intended for Filipino residents aged 21 to 50.
Documents
Salaried and commission-based employees must present
- Latest proof of billing (Meralco, water bill, cable TV, internet, landline, or PLDT bills)
- Company ID
- Latest one-month payslip
- At least one valid government ID:
- Driver’s license
- NBI clearance
- Police clearance
- Postal ID
- TIN ID
- Voter’s ID
- UMID
- PHILHEALTH ID
- Firearms license
Taxi Drivers must present
- A government ID
- Latest one-month statement of account
- Latest proof of billing
OFW loan
An applicant for an OFW loan can borrow any sum between ₱5,000 and ₱30,000 at an interest rate of 1.2%-2.5% for a fixed term. The loan is intended for Filipino residents aged 21 to 50, and a first-degree relative or dependent of an OFW should be presented to qualify for an OFW Loan.
Documents
OFW (Land-Based) allottees must present
- Government-issued ID of allottee with name, address and signature
- Colored copy of proof of billing
- OFW’s Overseas Employment Certificate (OEC)
- Contract (POEA Validated)
- Colored passport ID (for OFW)
- Colored working visa (for OFW)
- Proof of remittance (under allottee’s name) – at least 6 months latest remittance
- Proof of relationship (birth certificate or marriage contract)
OFW (Seafarer) allottees must present
- A government-issued ID
- 6 months latest remittance slip
- Proof of relationship (birth/marriage certificate, etc.)
- Latest proof of billings
- SeaMan’s book
- SeaMan’s passport
- SeaFarer’s Registration Certificate (SRC)
- SeaFarer’s Overseas Employment Certificate (OEC)
- SeaFarer’s Employment Contract/POEA validation
Business owners must present
- A government ID
- Colored copy of latest proof of billing
- DTI (Sole Proprietor) or SEC (Corporation/Partnership)
- 3 months' latest bank statement
- 3 pages audited financial statements (cover sheet, balance sheet, income sheet) or latest ITR form
Self-employed applicants must present
- A government ID
- A company ID (optional)
- A colored Copy of 2 Latest Proof of Billing
- 1 month latest Statement of Account (PDF Form or Passbook)
Car loan
An applicant for a car loan can borrow any sum between ₱5,000 and ₱30,000 at an interest rate of 1.10%-2.5% for a fixed term. The loan is intended for Filipino residents aged 21 to 50.
Documents
Salaried and commission-based employees must present
- Latest proof of billing (Meralco, water bill, cable TV, Internet, landline, or PLDT bills)
- Company ID
- Latest one-month payslip
- At least one valid government ID:
- Driver’s license
- NBI clearance
- Police clearance
- Postal ID
- TIN ID
- Voter’s ID
- UMID
- PHILHEALTH ID
- Firearms license
Taxi Drivers must present
- A government ID
- Latest one-month statement of account
- Latest proof of billing
Self-employed applicants must present
- A government ID
- A company ID (optional)
- A colored Copy of 2 Latest Proof of Billing
- 1 month latest Statement of Account (PDF Form or Passbook)
Application details
CashMart processes the loan application as soon as it is submitted online. One needs to ensure they've filled out all of the appropriate fields on their loan application form and uploaded all required documents. It takes a day post the signing of the loan contract for the funds to be deposited in the customer's bank account. It's also important to verify all the important details like loan amount, payment schedule, interest rate, etc.
Reasons for rejection
If you have too many financial responsibilities, your income does not match the required amount CashMart recognizes for applicants to pay their amortizations, or you have a poor credit score, your loan application may be rejected. CashMart maintains the right to refuse your application for any reason.
