Advantage compared to other credit products on the market
Frequent use of the service and timely repayment will increase the users credit.
Users with good credit have the opportunity to choose more freely.
to provide users with a good lending experience It has simplified the loan process and has made several upgrades to simplify the loan application process a few steps.
Download the PCash app from the Apple Store.
After confirming the loan amount and loan period Select one of the loan products and complete the online loan application form.
Payment will be credited to the users personal account after settlement.
Introducing credit products
Type of loan 10,000-50,000
(Loan amount will increase to 50,000 if repaid on time)
Description of the loan period 91-365 days.
(You can choose the appropriate loan term according to your needs and it is advisable to repay the loan on time within the loan term.)
Annual interest rate not exceeding 12%/year
(The highest annual interest rate for all loan products is not more than 12%/year and the daily interest rate is approximately 0.03%/day.)
Calculation of the cost of loan products
The principal amount is 10,000 , the loan period is 120 days (4 months), the interest rate is 12% per year (daily interest rate is about 0.03%), this loan will only collect interest. without any additional costs
explanation of cost calculation
Interest per day 10000x0.03% = 3
Monthly interest 3x30 = 90
All interest expenses incurred at the end of the 120-day period. Pay back 90x4 = 360 .
Monthly payment amount 10000/4 + 90 = 2590
When the loan is due for 120 days, the total amount repaid Including principal and total interest equal to 10000 + 360 = 10360
PCash is an innovative platform that provides loan services with easy loan acceptance.
PCash Special Note
PCash offers loans only to Filipino people who are 20 years old and have stable income. If the age is not yet 20 years old, please do not use PCash.