Screenshot of GCash account. ABS-CBN News

GCash

Benise Balaoing

ABS-CBN News

<p>MANILA -- RCBC is teaming up with GCash to offer collateral-free loans to more Filipinos. </p><p>In a statement, the Yuchengco-led lender said GCash users can now use the fintech app to apply for their Pasado Loans, where they can borrow any amount from P30,000 to P500,000. </p><p>Pasado Loan has a decision engine that allows it to measure the creditworthiness and profiles of potential applicants, and delivers results within seconds.</p><p>Once approved, the amount will be sent to the user&#x27;s RCBC Diskartech account. Loans can also be paid for by setting up an auto-debit arrangement with RCBC Diskartech.</p><p>On its website, DiskarTech said loans are payable in 6 or 12 monthly installments. The monthly interest rate ranges from 1.58 percent to 2.83 percent, which is about 19 percent to 34 percent annually.</p><p>Tony Isidro, chief executive officer of GCash lending arm Fuse, said the company is committed to boosting financial inclusion in the Philippines.</p><p>&quot;By partnering with RCBC, we’re not just making loans accessible; we’re opening doors to opportunities for countless Filipinos. Together, we’re shaping a more inclusive future for all,” he said.</p><p>GCash also offers other loan products like GLoan, which allows users to borrow as much as P125,000; GGives, which lets users buy items then pay later in zero-interest installments; and GCredit, whichgoves clients a credit line of up to P30,000 to pay bills.</p><p>It also offers GLoan Sakto, hwhich allows those in the lower income brackets to borrow <a href="https://www.abs-cbn.com/business/2024/9/20/gcash-offers-sakto-p300-loans-for-lower-income-market-1258" rel="noopener noreferrer" target="_blank">P100 or P300 with no interest</a>, then pay it back within 14 days.</p><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/l5c5ncqHoaM?&amp;ab_channel=ABS-CBNNewsautoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The Yuchengco-led lender said GCash users can now use the e-wallet to apply for their Pasado Loans, where they can borrow any amount from P30,000 to P500,000.</p>

The Yuchengco-led lender said GCash users can now use the e-wallet to apply for their Pasado Loans, where they can borrow any amount from P30,000 to P500,000.

RCBC, GCash to offer more collateral-free loans | ABS-CBN

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RCBC, GCash to offer more collateral-free loans

RCBC, GCash to offer more collateral-free loans

Benise Balaoing,

ABS-CBN News

Published Jan 14, 2025 03:31 PM PHT

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