In a rapidly evolving financial landscape, access to swift and reliable lending solutions is crucial. Cashspace Loan PH, the renowned loan app in the Philippines, has garnered significant attention for its seamless online loan application process and its commitment to providing financial support to a broad spectrum of users. In this comprehensive review, CashLoanPH will delve into the critical aspects of Cashspace, from its legitimacy and lending terms to its pros and cons. We’ll also explore the loan interest rates, eligibility criteria, and the application process, providing you with a comprehensive understanding of what Cashspace offers.
Summary of Cashspace Loan App
|✅ Review||⭐ Cashspace Loan PH|
|✅ Guide to Apply Online||Apply Online to Cashspace PH Loan|
|✅ Maximum Loan||⭐ Ranging from 1,000 to 25,000 Pesos|
|✅ Eligible Age||⭐ Individuals between 18 and 70 years old|
|✅ Loan Term||⭐ Flexible terms of 2 to 4 months|
|✅ Interest Rate||⭐ Competitive interest rate at 1.3% per month|
|✅ Required Documents||⭐ Valid National ID for the application|
|✅ Pros||⭐ Legitimate lending company with a good reputation|
|⭐ Flexible loan amounts and terms|
|✅ Cons||⭐ Lack of an official website|
|✅ Evaluation of Effectiveness||⭐ Overall effectiveness rated as “Good”|
|✅ Bad Credit||⭐ Cashspace Loan PH welcomes applicants with bad credit|
|✅ Customer Complaints||⭐ No recorded complaints from customers|
|✅ Cashspace App Download APK||⭐ Download Cashspace Loan PH APK|
|✅ Hotline, Contact Number||⭐ Reach Cashspace Loan PH at +632 8888 8888|
|✅ Harassment||⭐ Contact via phone and email for assistance and inquiries|
|✅ SEC Registration||⭐ Cashspace Loan PH is registered with the Securities and Exchange Commission (SEC) in the Philippines, ensuring regulatory compliance and consumer protection.|
What is Cashspace PH?
Cashspace operates as an intermediary platform in the financial realm, specializing in advisory services and facilitating online loan applications. The primary goal of Cashspace is to connect individuals seeking financial assistance with reputable lending partners. Through meticulous collection and analysis of customer registration data, Cashspace curates and proposes the most fitting loan options sourced from its extensive network of financial partners. This approach serves as a catalyst for customers to readily access the ideal loan solutions, swiftly addressing their financial requirements with simplicity and ease.
Pros of Cashspace Loan App
Cashspace Ph emerges as a preeminent lending platform, offering a host of compelling advantages:
- Proven Track Record: With a commendable track record of assisting more than 312,000 customers in securing the ideal loan for their financial requirements, Cashspace Ph has earned a reputation for reliability.
- Precision in Matching: By harnessing the power of accurate customer data analysis, Cashspace Ph excels at presenting cash loan proposals from reputable financial entities. This meticulous approach fosters trust and upholds service quality.
- Effortless Application Process: The application process is refreshingly uncomplicated, mandating only a Government ID for validation. In addition, it boasts swift processing times, with applications processed within a mere 15 minutes. This efficiency translates to time saved and rapid access to funds.
- No Income Proof or Collateral: Remarkably, customers are not required to furnish income proof or pledge assets as collateral. Furthermore, the need for a guarantor is eliminated, streamlining the borrowing process.
- High Approval Rate: Cashspace Ph boasts an impressive online cash loan approval rate, exceeding 97%. This high acceptance rate extends the opportunity for successful borrowing to a broad spectrum of customers.
- Inclusivity: Beyond catering to customers with favorable credit scores, Cashspace Ph extends its loan solutions to individuals with previous debt issues, widening access to loans for all.
- Robust Data Security: The platform prioritizes the security of customer information, ensuring the utmost protection for all personal and financial data.
- 0% Interest for First-Timers: As an enticing incentive, Cashspace Ph offers a zero-interest loan option for first-time borrowers, further enhancing its appeal as a lending solution.
Cons of Cashspace Loan PH
Furthermore, it’s crucial to acknowledge several noteworthy advantages and considerations:
- Loan Limitation: Cashspace offers a maximum loan ceiling of 25,000 pesos. This figure, while convenient for quick financial assistance, may not match the lending capacity of traditional institutions like banks. Therefore, it may not be the ideal solution for substantial financial requirements.
- Shorter Repayment Terms: In contrast to conventional bank loans, Cashspace provides shorter repayment periods, typically spanning only 2 to 4 months. This condensed timeframe can potentially exert added financial pressure on borrowers, necessitating careful budgeting.
- Interest Rate Differential: It’s important to be aware that interest rates for Cashspace loans can be higher than those offered by traditional banks for unsecured loans. This disparity in interest rates may impact your ability to meet repayment obligations and subsequently affect the overall amount repaid throughout the loan duration. Hence, meticulous consideration is advised.
Cashspace Loan Interest Rate
The interest rate associated with a speedy loan through Cashspace is contingent upon the lender you select. These interest rates typically span from 12% to 36% annually. The precise interest rate you’ll encounter hinges on your individual financial background and the unique terms offered by each lender.
It is of paramount importance for customers to exercise prudent judgment when it comes to the interest rate. This allows them to make a comprehensive assessment and proficiently manage the expenses linked to their swift loan acquisition through Cashspace.
Example of Cashspace PH Interest Rate Calculation
Let’s illustrate the interest rate calculation with a practical example. Suppose a Cashspace customer decides to access a loan of 10,000 pesos for a 3-month term, featuring an annual interest rate of 12%, equivalent to 1% per month.
Here’s a breakdown of the monthly payment structure:
- The principal amount to be paid in a single month stands at 10,000 / 3 = 3,333.33 pesos.
- The interest amount due in one month equals 10,000 x 1% = 100 pesos.
Consequently, the total amount payable within each monthly installment totals 3,433.33 pesos.
Cashspace Loan PH Requirements
Eligibility Criteria for Loans at Cashspace cater to Filipino residents who presently reside and work within the boundaries of the Philippines. To secure a personal loan in the Philippines, individuals must fall within the age bracket of 18 to 70 years and maintain gainful employment that guarantees a stable income.
To be deemed eligible for a loan, applicants must possess a valid government-issued personal identification document, in addition to a personal email address and an active phone number.
Guide to Register Cashspace Loan PH Application Step-by-Step
Acquiring a loan through Cashspace is a straightforward and expeditious process, encompassing the following meticulous steps:
Step #1: Navigate to Cashspace’s Website
Begin by visiting the official Cashspace website. On the homepage, you have the freedom to select the loan amount that aligns with your specific purposes and requirements.
Step #2: Complete Personal Information
Thoroughly fill out the registration form, providing essential details such as your full name, date of birth, phone number, email address, and any other pertinent information as requested by the system.
Step #3: Receive Loan Proposals
Upon reviewing your application, Cashspace will furnish you with tailored loan proposals sourced from reputable lending partners. You can peruse these proposals and select the most suitable loan package. Once decided, simply click the “Get Money” button to submit your loan request to the lender for same-day approval. The outcomes of this assessment will be conveyed to you via SMS. Subsequently, the expedited loan funds will be seamlessly transferred to the bank account you previously registered.
Reviews Cashspace Loan App Philippines Feedback
Cashspace stands as a beacon of swift and effortless financial assistance, catering to the needs of countless individuals on a daily basis. The resounding acclaim from satisfied borrowers continues to affirm the exceptional quality of service provided.
Cashspace Loan PH Repayment
To fulfill the repayment of a Cashspace loan, customers have a range of payment avenues at their disposal:
- Utilize e-banking services through online banking applications.
- Leverage e-wallet platforms like GCash and Grabpay.
- Visit designated payment centers, including 7-Eleven, SM Payment, and Cebuana Lhillier.
- Opt for a bank transfer, either in-person over the counter or via an ATM.
It is crucial for customers to exercise diligence by closely monitoring the payment due date and the exact amount to ensure timely repayment. By doing so, they can steer clear of incurring steep penalty fees and avoid any potential inconveniences or disruptions caused by Cashspace.
Compare Cashspace Loan PH to Other Apps
To make an informed choice, it’s important to compare Cashspace to other lending apps in the market. Let’s take a closer look at how Cashspace stacks up against some of its competitors:
|Loan App||Cashspace||Moca Loan App||Soscredit|
|Amount||1000 – 25000 PHP||500 – 30000 PHP||1000 – 25000 PHP|
|Term||2 – 4 months||3 – 6 months||3 – 12 months|
|Interest||1% – 3% per month||12% per month||12% per month|
|Age||18 – 70 years old||21 – 70 years old||20 – 70 years old|
|Browsing Time||15 minutes||5 minutes||15 minutes|
This comparative analysis provides valuable insights into how Cashspace performs in relation to other popular lending apps in the Philippines.
Cashspace PH Customer Service
Cashspace operates under the trademark of Fininity Ltd, a company duly registered with the identification number 14523902. If you need to reach out to their customer service for any inquiries, concerns, or support, you can contact them at their registered office located at Tartu Street 84a, Tallinn, 10112, Estonia.
FAQs – Cashspace Loan PH Review
Here are answers to some frequently asked questions about Cashspace:
Is Cashspace a Legitimate Platform?
Cashspace, a product of Fininity Ltd, holds a legitimate status as confirmed by its registration under the number 14523902. It is essential to note that Cashspace does not function as a financial institution, bank, or direct lender. Rather, Cashspace serves as a facilitator, bridging the gap between borrowers and reputable financial entities. Among its esteemed partners are Online Loans, Digido, Moneycat, and Finbro.
Payment Methods Accepted by Cashspace
To settle your Cashspace loan, you have several convenient payment options at your disposal:
- Online Banking: You can make payments via e-banking using online banking applications.
- E-Wallets: Utilize e-wallet applications like GCash or Grabpay for seamless transactions.
- Payment Centers: Visit designated payment centers, including 7-Eleven, SM Payment, and Cebuana Lhillier, to make payments.
- Bank Transfer: Opt for bank transfers either over the counter or through an ATM for added flexibility.
Cashspace stands as a reliable solution for online financial assistance in the Philippines, offering unparalleled convenience and speed. The platform boasts a seamless registration process, swift fund disbursement within a mere 15 minutes, and the enticing offer of zero service charges for first-time borrowers.
Should you find yourself in urgent need of online financial assistance, look no further than Cashspace. It stands as the epitome of excellence, offering unparalleled convenience and speed. If this information proves beneficial, kindly consider awarding it a 5-star rating. For any inquiries that may arise, do not hesitate to leave a comment, and our dedicated support team will respond promptly to provide you with the answers you seek. In the dynamic world of online lending, Cashspace shines as a beacon of financial support, addressing the diverse needs of borrowers in the Philippines with efficiency and reliability.