Cashmart – Your Online Lending Partner

CashMart is an online lending company operationg for almost 4 decades now. Una itong na establish sa Singapore at ngayon nagtayo nadin sila nang branch here in the Philippines to be a reliable partner nang mga Filipinos when it comes to financing and loaning.

Cashmart has 4 types of services for loan, at ito ay ang Personal Loan, Salary Loan, Car Loan at ang OFW Loan.

If you need to loan money for medical, wedding, renovations, debt consolidation or for furniture and appliances, then you can choose Personal Loan.

If your salary seem so small and you got out of budget bago ang susunod mong loan pero ayaw mo mag loan nang long term, then Salary Loan is for you. It has a short term 24 hour payday loan to get you to the next payday.

Want to buy a car but don't have enough cash? Then Car Loan is for you. Less hassle here cause they provide this service with less needed paperwork, which makes the loan process faster than banks.

Are you an OFW who needs to pay an existing debts or a balikbayan who wants additional capital for a small startup business? Then OFW Loan is for you. Cashmart created this flexible OFW loan available when you need it the most.

The minimum-maximum loan amount here is P3,000 up to P50,000 and the interest rate is 0.0571 % to 0.8% per day (APR: 20.8415% to 292% per annual) depending on the loan term (weekly, bi-weekly or monthly) chosen by the borrower. To get more and thorough information about their loan term you can visit their website (stated above).

If you are a Filipino citizen at least 21 to 50 years old and currently living in the Philippines or currently employed, self-employed, or OFW/Seafarer’s Allottee then pwedeng pwede ka nang mag apply dito. Here are the needed requirements para makapag apply.

For employed:
- Latest proof of billing (Meralco, water bill, cable TV, internet, landline, or PLDT bills)
- Company ID
- Latest one-month payslip
- At least one valid government ID:
*Driver’s License
*NBI Clearance
*Police Clearance
*Postal ID
*TIN ID
*Voter’s ID
*UMID
*PHILHEALTH ID
*Firearms License

Requirements for Seafarer's Allottee Loan:
- Government Issued ID of Allottee with name address and signature
- Latest proof of billing to your current address
- Seaman’s Passport
- Seaman’s Book
- Seafarer’s Registration Certificate (SRC)
- Seafarer’s Overseas Employment Certificate (OEC)
- Seafarer’s Employment Contract with POEA validation
- 6 months latest Remittance Slip
- Proof of relationship
*Birth certificate if the seafarer is your parent, daughter/son, or sibling
*Marriage contract if the seafarer is your spouse
*Proof of allotment (under allottee name) – latest Allotment slip or Certificate of Allotment from the shipping company/agency

OFW’s allottee requirements:
- At least 21 years old
- A Filipino citizen
- Government Issued ID of Allottee with name address and signature
- Colored copy of proof of billing
- OFW’s Overseas Employment Certificate (OEC)
- Contract (POEA Validated)
- Colored Passport ID (for OFW)
- Colored Working Visa (for OFW)
- Proof of remittance (under allottee’s name) – at least 6 months latest remittance
- Proof of relationship (birth certificate or marriage contract)A first-degree relative or dependent of the OFW

One of the advantages here is that Cashloan has fewer requirements for validation unlike other company na masyadong maraming requirements at masyadong strikto. Hindi mo na din kailangan pumunta sa office nila kase everything can be done online.