GCash is a mobile e-wallet that was introduced by Globe in 2014. You can use it to pay online bills for water, internet subscription, and electricity, buy load, and even send money. Throughout the years, GCash offers many other options or programs that can be useful to its users. It is popular these days and there are about 55M users of GCash as of July 2019.
Also Read: How to Apply GLoan Personal Loan in GCash
There are a lot of things you can do with the GCash Application. Apart from it being an online e-wallet. This app gives you more options like investing, saving, and even lending money. When borrowing money, there are currently three options to choose from and each program has its own benefits and features. These are currently GCredit, GLoan and GGives.
GGives in GCash Overview
And just recently, GCash introduced GGives. It is a type of installment loan plan that GCash provides where you can avail of an amount from P1000 to P125000. This type of loan may be similar to GLoan where you can choose an amount and repayment tenure of 1 to 24 months. But, what differentiates it from GLoan is that the interest rate for GGives starts at 0% per month and there is no processing fee!
The first thing that you need to do if you want to apply for a GGives from GCash is to make sure that your account is fully verified. And you meet the necessary requirements and qualifications to enjoy the benefits. You can check this by going to the My Profile section of the GCash app.
What is GGives in GCash?
GCash offers a wide variety of loan programs, like GLoan and GCredit. After having a decent amount of GScore, GCash will send you a notification via text or through the app that you can avail of another loan program, GGives.
GGives is a type of installment loan plan that GCash provides where you can avail of an amount from P4000 to P125000. You may take advantage of this installment loan plan from GCash through its partnered merchants like Ayannah, Cignal, PLDT, and many more. Typically any merchant or store that is a registered GCash merchant that has the QR Code.
GGives is like a “Shop now and Pay later” feature of GCash. You can go to the store and purchase your items now but you don’t have to pay for them immediately. You can settle your payment in fixed monthly installments over a period of time.
Also Read: How to Apply CIMB Loan Through Gcash
Features and Benefits of GGives
GGives offers the benefit of getting the products or services you want instantly. Other benefits and features include:
- You can choose your loan amount from P4000 to P125000.
- The repayment tenure for this installment loan plan is from 1 to 24 months.
- The interest rate for GGives starts at 0% per month! That’s right, you don’t have to worry about any interest rates when you avail of this type of loan from GCash.
- To apply, simply go to the Loans tab in the GCash app and select GGives. After that, just hit Apply Now and fill out the application form. Once you’re done, just wait for the approval notification.
- There is no processing fee for GGives.
Requirements before using GGives
- Fully verified user of GCash
- Have an active GCash Mastercard or a linked bank account
- GCredit score of at least 550
- You must not have any outstanding balance in your GGives account
- You must be a fully verified GCash user. To do this, just go to the My Profile section of the GCash app and make sure that all the necessary information has been provided and that your account status is “Verified”.
- You must have a decent amount of GScore in order to be eligible
- You should not have any outstanding loan balance in any of GCash’s loan programs.
Eligibility for GGives in GCash
To be eligible for GGives, you must have a fully verified GCash account. You also need to make sure that your GScore is 80 and above. And that you don’t have any pending loan payments in any of the other GCash loan products like GLoan or GCredit.
If you want to avail of GGives but your GScore is not yet 80, don’t worry! You can try doing some transactions with your GCash account to increase your GScore. Once you’ve reach 80, you may be qualified for GGives Loan Program.
How to use GGives
You can use GGives to pay for your online subscriptions, daily necessities, or even your monthly bills. There is a minimum requirement of GScore in order to activate your GGives application.
To use GGives, simply go under the Borrow tab in the GCash app and choose GGives. After that, hit Apply Now and fill out the application form. Once you’re done, please wait for the approval notification. Once you receive the approval amount, you can now start using it to pay for your online subscription, shop online, purchase your daily necessities, or even pay your monthly bills. It’s that easy!
You may also purchase at any of GCash’s partner merchants using GGives. To do this, simply go to the Pay Bills/Buy Load tab and choose the merchant that you would like to purchase from. After that, select “Use GGives” as your payment method and fill out the amount that you would like to purchase. Once you’re done, just hit Pay Now and wait for the approval notification. Once you receive the approval, you can now start using your GGives to shop at any of GCash’s partner merchants.
Step by Step process for GGives
1. Go to the Loans tab in the GCash app and select GGives.
2. Hit Apply Now and fill out the application form.
3. Once you’re done, just wait for the approval notification.
4. Once you receive the approval amount, you can now start using it to pay for your online subscription, daily necessities, or even your monthly bills.
5. Just look for the QR code of the merchant and scan it using your GCash app. After that, just enter the amount that you would like to pay and hit send. It’s very basic and simple.
Video: How to use GGives to Shop now and Pay Later in GCash App.
Frequently Asked Questions about GGives
1. What is GGives?
GGives is an installment loan plan from GCash that allows you to borrow money and pay it back over time with low-interest rates. You can choose your loan amount from P1,000 to P50,000 and your payment tenure from 1 to 24 months.
2. How do I apply for GGives?
To apply for GGives, simply go to the Loans tab in the GCash app and select GGives. After that, hit Apply Now and fill out the application form. Once you’re done, just wait for the approval notification.
3. How much money can I borrow with GGives?
You can choose your loan amount from P1000 to P50,000.
4. How do I repay my GGives loan?
You can repay your GGives loan through autopay or manual payment. To set up autopay, simply go to the Loans tab in the GCash app and select the GGives loan that you would like to enroll in autopay. After that, hit the Enroll in Autopay button and select your preferred payment method and frequency. For manual payments, you can just go to the Loans tab in the GCash app and select the GGives loan that you would like to pay off. After that, hit the Make Payment button and enter the amount that you would like to pay. You can also choose your preferred payment method.
5. How will I know if I get approved for GGives?
Once you’ve submitted your application, our team will review it and you will receive a notification whether or not your application is approved. You may also check the status of your application by going to the Loans tab in the GCash app and selecting GGives.
6. Are there any penalties for GGives?
Yes, there are penalties and late payment fees for GGives. The penalty fee will be 1% of your Loan Amount for each missed due date plus a variable penalty fee.
7. What happens if I can’t repay my GGives loan on time?
If you can’t repay your GGives loan on time, you may contact GCash customer support team to extend your loan term. Please note that there will be additional charges for extending your loan term.
8. Can I use GGives for multiple merchants?
No, you are only allowed use GGives for one partnered merchant. The active GGives loan must be fully paid before reapplying for another merchant.
Summary
I was able to purchase the desk table I needed for my workspace with the help of GGives! If you’re looking for a simple installment loan to help you with your needs, I definitely recommend GGives.
GGives is very simple and reliable way to get the product or services you need when you’re in a bind. We hope this article helped clear some things up for you. If you have any more questions, feel free to reach out to GCash customer support team.
