GCash, through its lending arm Fuse, launched GLoan Sakto, a new feature of its GLoan product that aims to assist Filipinos, particularly those in the income groups D and E.
GCash said GLoan Sakto aligns with its mission to provide accessible and inclusive financial services that address the everyday needs and long-term financial goals of Filipinos.
GLoan Sakto service offers a structured and reliable way to manage small, urgent financial needs, enhancing financial inclusion and convenience. Loanable amounts for GLoan Sakto are P100 and P300, payable within 14 days. No interest is charged on the loan and borrowers only pay a processing fee of P6.5 and P19.5, respectively.
“GLoan Sakto represents our commitment to empowering ordinary Filipinos with essential financial tools by providing them access to formal credit through this easy entry-level loan product. With this new financial tool, we are not only addressing their immediate needs but are also helping users build a good credit history,” said Fuse Lending president and chief executive Tony Isidro.
