How to pay back a CashMart?
The repayment is done based on the loan tenure you select and the loan product you have chosen. For example, if you have selected a salary or personal loan, your repayment schedule will be discussed with CashMart Loan representatives over the phone and emailed to you.
Supported types of payment
CashMart accepts repayments through the following channels:
- 7-11
- LBC
- Cebuana Lhuillier
- Bayad Center
- Robinson Payment Center
- EC pay
- SM Payment Center
- M Lhuillier (has ₱20 transaction charge)
- GCash
Steps to repay
CashMart will send you an email with instructions on how to pay your loan once your application is approved and the loan contract is signed. Please, make a note of the reference number mentioned in the email. There are three options for loan repayment:
- Weekly loan term allows you to pay back the loan in weekly installments, divided evenly into 3/4/5 weeks.
- Bi-weekly loan term allows you to return the loan every two weeks by paying it off after two weeks/dividing it evenly into 2/dividing it equally into three installments.
- Monthly loan term allows you to repay the loan with interest after 28 days.
- If your repayment deadline comes on a non-working holiday, you must pay on the last working day before the holiday. Assume your due date is December 30, 2016, Rizal Day. You must then pay on December 29.
To make a repayment by GCash
- Log in to the GCash app and select Pay Bills from the menu.
- Select Loans, then CashMart. Fill in the required information, including your loan ID, registered mobile number, and payment amount.
- Check to see if your e-wallet has enough money in it.
- You'll receive a receipt of repayment and an SMS from GCash verifying your payment to Cash Mart.
It is best to log in to your Cash Mart account and verify the receipt of your payment For any queries regarding payment. You can contact the Cash Mart Philippines Collection Department at (02) 701-5488.
Conditions of loan extension
Loan extensions are offered based on the payment history of the borrower. The company has strict policies regulating loan extensions. It is recommended that you pay according to the contract's terms. Also, note that late repayments will be assessed as a penalty.
Early payoff
You have the option of repaying your debt early. The sooner you pay, the more quickly you can re-loan. You can contact the CashMart staff at (02) 701-5488 for details about early payback.