How to Apply for an Instant Cash Loan with Cashwagon
Admit it. Sometimes, you don’t know who to go to in case you are short in cash. As much as you want to seek help from your parents or even closest friends, you just can’t because they have their own needs, too.
This could be the reason why online cash lenders are proliferating these days.
Think about this: you’re in need of cash. Instead of going to the bank to fill out forms and submit tons of documents only to get an answer after a week, you can simply download an app and apply for a loan.
When it comes to online cash loan, Cashwagon could be of service.
Who is Cashwagon Philippines?
Cashwagon Philippines is a fin-tech company that offers consumer financial products sans collateral requirements and complex loan procedures. It targets 80 percent of Southeast Asian consumers who are usually not qualified under traditional financial services.
Its mission is to deliver fast and easy access to innovative financial services in the region.
Cashwagon is based in Singapore and is rapidly expanding its business in Southeast Asia including Indonesia, Malaysia, Vietnam, and Philippines.
How to Apply for an Online Cash Loan with Cashwagon:
Step 1: Download the app on Google Play Store. As of this writing, Cashwagon app is limited to Android users only.
Step 2: Open the app. Click Allow button to let Cashwagon access your mobile device information. This is also necessary, otherwise, your loan application won’t push through.
Step 3: On a new landing page, navigate the arrow depending on the amount you plan to borrow. For first-time users, maximum loanable amount is P7,000. For repeat customers, you can get as much as P20,000.
As you navigate the arrow, it will show you the total outstanding obligation and due date. Take note of this so you could see how much you owe on a given date.
Step 4: Enter your mobile number.
Step 5: Input your personal details. including your government-issued ID. Doing this step will increase your chances of approval.
Step 6: Fill out your employment and bank details. This is also necessary to increase your chances of approval.
Step 7: Allow Cashwagon to take pictures and record videos. This is a necessary step since Cashwagon needs a copy of your government-issued ID.
Step 8: Take a picture of your ID. Make sure your ID fits perfectly on the frame.
Step 9: Take a photo of yourself. Your face should be within the frame. This will also verify your identity.
Step 10: Once completed, a four-digit verification code will be sent to your registered mobile number. Input the code sent to your number.
Step 11: Tick the I Understand checkbox. Then, click Ok.
Take note that you may also apply for an online cash loan directly through their website.
Tips to Remember When Applying for an Online Loan with Cashwagon:
Bank account is necessary. This is where Cashwagon will deposit the money you borrowed.
Employment is a must. This ensures Cashwagon that they will be paid even if there is no collateral.
Make sure you have valid, working, and active email address and mobile number. This will be used by Cashwagon to contact you and verify the details you used in your application form.