Lender
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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.

GCash Review

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About lender

GCash is a smartphone app developed by the Filipino Telco. It is a leading virtual wallet used in the Philippines to pay bills, top up mobile phones, gaming pins, cable TVs, transfer funds, and shop online from local and international stores.

Features

GCash was first introduced to the Philippines' finance market in 2004 by Mynt. Given the rise of digital transactions induced by the pandemic outbreak, GCash has garnered over 55 million registered users and 4.5 million partner merchants nationwide from 2004 to May 2022. GCash is supervised by the Bangko Sentral ng Pilipinas. Users do not have to worry about the safety of their accounts and funds as GCash is Bsp-licensed to provide payment and remittance services. In the event of an unauthorized transaction, GCash guarantees a 100% refund for any costs as stated in the Customers Protect Program.

GCash's ultimate goal is to help Filipinos make daily bank transactions at their convenience. With just a few clicks on their mobile phones and a strong internet connection, Filipinos can solve their financial issues even on the go. They can instantly enjoy a lot of lifestyle and financial services inside the GCash app.

Pros and cons

There are a few benefits and drawbacks to consider when using GCash.

Pros

  • Users can pay any kind of bill and even apply for loans anytime, anywhere.
  • Users can book flights and tickets for the movies and other events without waiting in lines.
  • Users can transfer money securely to another bank account for free. A simple QR scan can easily do these transfers.

Cons

  • Customer service's direct response to users of GCash is slow.
  • GCash has a monthly and annual limit on how much users can transfer.

Loan conditions

The applicant must be a Filipino citizen aged 21 to 65 to apply for a loan. The applicant must have good credit history and qualified GScore, which enables them to get up to ₱30,000 credit line, a 3% interest rate, and exclusive benefits and bonuses. Applicants must also have a valid email address, fully verified GCash account, and valid government-issued identity card. When GLoan is approved, applicants can loan up to ₱25,000 with no collateral requirement, and pay in installments for as low as ₱2,730 per month within the duration of 5, 9, or 12 months. The interest rate computed by the GCash app is based on a user's GScore. A 3% processing charge is deducted from the total amount loaned for each processed loan. Furthermore, late loan payments attract a penalty fee waiver of ₱100, plus a 0.15% daily of the outstanding principal balance.

Funding a loan

Qualified GCash users can apply for cash loans using the app. Go to the GCash dashboard, select View allGCash Services, click onGLoan, press theGet Started button, choose desired loan amount and loan tenure, select the purpose of the loan, review all loan details, click on Get ThisLoan, then selectContinue. Check personal information, Agree to all stated terms and conditions and Confirm the loan amount to be received. Upon loan confirmation, enter the 6-digitverification code sent to a registered mobile number, wait for an email or SMS confirmation and the GCash loan application is complete. GCash users can use loans to pay bills to over 400+ billers and shop or dine at over 70,000 partner stores across the country. Through the GCash sendmoney feature, users can cash out received loans to chosen bank accounts or cash out partner channels such as Puregold, Palawan Pawnshop, or Villarica Pawnshop.

GCash

FAQ

What is GCash?

GCash is the Philippines' leading e-wallet used for making cashless transactions at will. GCash allows its registered users to pay for bills anytime, send money securely, and perform many other online utilities. The GCash app is dedicated to making bank transactions less cumbersome for all its customers in the Philippines.

Who owns GCash?

GCash is regulated by the Bangkok Sentral ng Pilipinas. It was introduced to the Philippines in 2004 by Mynt,  formerly called Globe Fintech Innovations, Inc. Mynt was established due to the strategic partnership between three legitimate companies, namely Globe Telecom, Ayala Corporation and the Ant Group. 

How do you qualify for GCash loans?

Loans received from the GCash app are available to applicants who are Filipinos aged 21 to 65 years. The applicant must have a good credit history, qualified GScore, a valid email address, a fully verified GCash account, and a valid government-issued identity card before applying for loans.

How much can you borrow from GCash?

The loan approval amounts at GCash range from ₱1,000 up to ₱25,000.

Is GCash a legitimate app?

Yes, GCash is a BSP-licensed e-money issuer and remittance agent. It is a legal entity owned by Mynt and backed up by reputable affiliates. GCash is also regulated by the Bangkok Sentral ng Pilipinas. The Customer Protect Program initiated by this financial institution keeps its user’s money and accounts safe from scammers and hackers.

What is the minimum amount you can apply for a loan in GCash?

The minimum loan amount offered by GCash is ₱1,000.

What is the maximum amount you can apply for a loan in GCash?

The maximum loan amount offered by GCash is ₱25,000.

What is the longest loan term offered by GCash?

The longest loan term offered by the GCash app is 12 months.

Company documents

Privacy Notice
Terms & Conditions

We are a BSP-licensed e-money issuer and remittance agent, so you can make sure your funds are safe with us.

© GCash
Financial products
GCash
Personal 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
₱1,000 - ₱25,000
Rate
i

Effective interest rate on the product

up to 0.3% per day
Term
i

Loan term for the financial product

up to 12 months
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Calculate loan payments in GCash

GCash calculator will allow you to calculate an approximate payment schedule for the loan

GCash calculator
Interest rates are given in accordance with the rates of the GCash in Manila as of 15.02.2025
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