CashWagon - Review, Ratings, Lender in Davao City - Philippines Loan

CashWagon

Логотип компании CashWagon
Rating of organization: 4/5, total votes 351.

More info about Green Money Tree Lending Corp. Executive Building

Name of Organization CashWagon
Full Name of Organization Green Money Tree Lending Corp. Executive Building
Hotline (02) 672-78 53

Green Money Tree Lending Corp. Executive Building - Product Features

Min. financing amount 2000 php
Max. financing amount 7000 php
Max. financing amount 30 days
Loan tenure 4%
Approval duration Approval time is up to 24 hours depending on the workload of the manager

Fees & Charges

Debt consolidation Yes
Processing fee From 1% to 5% service charge for taking a loan
Stamp duty N/A
Annual fee N/A
Other fees Up to 700₱ for an overdue loan payment

Penalties

Early settlement Not subject to payment
Late payment charges 500₱ every third, tenth and thirtieth day
Other penalties Not provided

Additional Requirements

Need to bind a bank account Not provided
Other details Not provided

Cashwagon is a fintech company, established in 2017 by a group of Russian programmers, headquartered in Singapore. Cashwagon has developed an electronic platform that allows financial institutions to place offers on short-term loans, and allows borrowers to quickly formalize them. Cashwagon is currently working in a number of countries in Southeast Asia: in the Philippines, Sri Lanka, Indonesia, Vietnam, and Cambodia. By the end of 2019, Malaysia and India are planning to connect to this system. Cashwagon has about 60 thousand customers in the Philippines, the total number of approved loans is more than 120 thousand. The company’s loan portfolio is estimated at approximately 13.9 million euros, and the total amount of loans issued is 80 million euros.

Best offers

Cashwagon services are meant for clients who cannot get a loan from banks for some reason. The company is positioning itself as a service for young people aged from 22 to 30 years. However, according to the general rules of Cashwagon, capable citizens of the Philippines from 20 up to 60 years old, who live and work within the country, can obtain a loan. An applicant can work officially on a permanent job or have a regular income by freelancing. In order to get a loan, borrowers must provide their personal data and bank account information, no loan collateral or co-borrowers are required.

By using the electronic platform, a borrower can receive a loan in the amount from 30 up to 300 euros (from 2 thousand up to 20 thousand pesos). Depending on the loan amount and term, the company will charge an interest rate on the loan, a fee for its servicing, as well as a fee for payments processing. The maximum loan term is 180 days, the average interest rate is about 13.3% per annum.
For example, if a borrower takes 6 thousand pesos for three months, then the minimum monthly repayment will be 2.4 thousand pesos.

In the Philippines, the main lender of the Cashwagon platform is Green Money Tree Lending Corp. The company has a license from the Philippine Securities and Exchange Commission, which was issued in 2017. The license number is 2343.
Cashwagon provides lenders with a buyback guarantee, in case of the loan overdue for more than 60 days. Also, as a guarantee, Cashwagon owns a 15% interest of each loan placed on the platform.

Borrowers can make loan repayments through payment terminals, located in stores and supermarkets, via DragonPay trading partners, particularly in Robinsons department stores and such supermarkets as Cebuana Lhuillier or Seven-Eleven.

How to take a loan in CashWagon?

  • Fill in the application for a loan.
  • Confirm the offer. The offer is signed by an SMS code sent to your Get the solution instantly!
  • Transfer money to a bank account or card in one day!

Additional conditions for granting loans:

  • the whole process through the Internet, without leaving home;
  • for Filipino citizens who have reached the age of 21 (majority);
  • the presence of a permanent registration in the territory of the Philippines;

Reasons for a loan denial:

  • Poor credit score
  • You are blacklisted, on debt review or had a judgement against your name
  • You don’t have enough income for the loan you requestedd
  • Poor track record of credit card or loan repayments

Address - Jupiter Street corner Makati Avenue, Makati City

Managing structure CashWagon

Founder - Unknown
Co-owner - Unknown
Hi, Im !
I know everything about the Philippines financial market because I have been working in the financial sector for more than five years.

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