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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's application

Advertiser Disclosure

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.

CashMart application

FAQ

How long does it take to get approved by CashMart?

It typically takes 24 hours for the loan disbursal after approval.

How trustworthy is CashMart?

For the past 50 years, CashMart has been a respected SEC-licensed money lender with a growing list of loyal customers.

Does CashMart verify income?

Yes, CashMart will verify the applicant's income because it requires them to give their most recent payslip and company ID.

Does CashMart hurt your credit score?

Your credit score will be negatively affected if you miss or delay repayments.

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 02.12.2022
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 december 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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