CIMB Philippines to Power GCash’s Digital Micro-Lending Facility, GCredit
CIMB Philippines will now officially power GCredit, as the bank employs its credit evaluation and analytics expertise as well as its funding capabilities for GCash customers.
This will help GCredit to reach more Filipinos with monthly loan interest rates for as low as 1%.
Over time, the partnership will also offer an increased credit limit of up to P100,000 coming from the initial P10,000 limit. Additionally, creditworthy customers will have the opportunity to access bigger credit lines through CIMB Bank’s Personal Loan where they can digitally apply for a loan of up to P1,000,000.