Welcome to our comprehensive review of the Cashspace loan app in the Philippines. In this article, we will provide you with a detailed overview of this online lending platform, its features, eligibility criteria, interest rates, application process, payment methods, and valuable advice. We aim to equip you with all the necessary information to make an informed decision regarding Cashspace.
Loan type
Short termFor a period of
728 daysRate ()
365.00% / yearLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
20000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / monthLoan amount
25000 ₱Approval in
5 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
no
Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
noSummary of Cashspace Loan App Review in the Philippines
- Review: Cashspace loan app
- Loan Amount: ₱1,000 – ₱25,000
- Loan Term: 61 – 120 days
- Interest Rate: 12 – 36% per year
- Age Requirement: 18 – 70 years old
- Legitimacy: Yes
- Requirements: Only ID Cards
- Area Coverage: Nationwide Philippines
- Advantages: 0% interest rate for the first loan
- Disadvantages: Short loan term
- Procedure: How to log in to Cashspace PH
- Bad Credit: Accepted
- Feedback: More reviews in this article
- Contact Number: 02-5555-5555
- Efficiency Rating: Good
- APK Download: Available [HERE]
What is Cashspace?
Cashspace is an online platform connecting borrowers and lenders in the Philippines. It collaborates with reputable banks and microfinance organizations to offer low-interest rate loans with swift approval. While Cashspace doesn’t directly provide loans, it facilitates users in finding the best loan options based on their requirements. Loan amounts range from ₱1,000 to ₱25,000, and repayment terms span from 61 to 120 days, contingent on credit history and loan duration.
Is Cashspace Legit?
Yes, Cashspace is a legitimate entity offering online financial services in the Philippines. It functions as a bridge between borrowers and lenders and is operated by Fininity Ltd., a registered company in Estonia with registration number 14523902.
Why Choose Cashspace Loan App?
Selecting the Cashspace PH app is advantageous for several reasons:
- Simple and Fast Application: The application process only requires a valid ID and a bank account, without the need for collateral or guarantors.
- No Hidden Fees: Cashspace doesn’t charge origination, processing, or late payment fees. You only pay the agreed-upon interest rate, which can be as low as 0% for new customers.
- High Approval Rate: Cashspace boasts an approval rate of up to 97% for borrowers with diverse credit histories and income levels.
- Swift Fund Disbursement: Once approved, you can receive your funds in your bank account within 24 hours.
- Security and Transparency: Cashspace employs advanced encryption technology to protect your personal and financial data and complies with Philippine data privacy laws.
- Customer Service: A dedicated customer service team is available to assist with inquiries or concerns.
- High Customer Satisfaction: Over 312,000 satisfied clients have highly rated Cashspace’s service on various platforms.
Disadvantages of Cashspace PH App
While Cashspace offers numerous advantages, it’s important to consider its downsides:
- Limited Loan Amount: Cashspace permits borrowing up to ₱25,000, which may not cover substantial expenses.
- Short Loan Term: The 120-day repayment period may strain your budget.
- Interest Rates: Interest rates may be higher compared to traditional banks, making Cashspace less ideal for low-cost loans.
Cashspace Loan Requirements
To qualify for a Cashspace Philippines loan, you need to meet straightforward requirements:
- Filipino Citizen: Aged between 18 and 70 years old.
- Valid ID and Phone Number: To verify your identity and contact information.
- Stable Income: Income sources can include employment, business, pension, remittances, or other avenues.
Cashspace PH Loan Interest Rate
Cashspace offers annual interest rates ranging from 12% to 36%, contingent on the chosen lender and your credit rating. New customers have the unique opportunity to enjoy a 0% interest rate on their first loan.
Example of Calculating Cashspace Loan Interest
For instance, if you borrow ₱8,000 for 2 months from Cashspace PH at an 18% annual interest rate (1.5% monthly rate), the interest on your loan would be ₱240. Your monthly payment would amount to ₱4,120 for 2 months.
How to Borrow Money from Cashspace App PH (Step-by-Step)
Applying for a Cashspace loan is a straightforward process. Follow these steps:
- Step #1: Select the loan amount ranging from ₱1,000 to ₱25,000 on the [CASHSPACE website].
- Step #2: Complete the online application form, providing personal information like your name, date of birth, phone number, and email address. Cashspace PH will verify your information and match you with a suitable lender.
- Step #3: Receive a loan offer from a partner lender, review the terms and conditions, and confirm your application. Approval decisions are typically provided within minutes, and funds are transferred to your bank account or e-wallet within 24 hours.
Cashspace Loan App Reviews and Feedback
Read a firsthand experience with Cashspace: “I recently applied for a Cashspace loan in the Philippines to cover my car repair expenses. The Cashspace app’s simple online lending service provided loan approval in just five minutes. I borrowed ₱10,000 for 90 days, and the application process was incredibly easy. I only needed to provide my personal information and consent to a credit check. The money was swiftly deposited into my account. While the interest rate wasn’t the lowest, I was satisfied with the overall experience, and I had no issues repaying the loan.”
Cashspace Loan App PH Repayment
Cashspace offers four convenient methods for loan repayment in the Philippines:
- Online Payments: Pay using debit or credit cards, GCash, PayMaya, or Coins.ph.
- Payment Centers: Make cash payments at authorized centers like 7-Eleven, Cebuana Lhuillier, M Lhuillier, Bayad Center, SM Bills Payment, Robinsons Department Store, or ECPay.
- Mobile Banking: Use mobile banking apps such as BDO Mobile Banking, BPI Mobile Banking, Metrobank Mobile Banking, or UnionBank Mobile Banking.
- E-Wallets: Link your e-wallet, such as GrabPay, ShopeePay, or Lazada Wallet, to your Cashspace account for easy online payments.
Compare Cashspace PH to Other Lending Apps
Here’s a comparison of Cashspace with other lending apps:
| Loan App | Cashspace Loan App | SosCredit | Crezu Loan |
|---|---|---|---|
| Amount | ₱1,000 – ₱25,000 | ₱1,000 – ₱25,000 | ₱1,000 – ₱25,000 |
| Term | 61 – 120 days | 3 – 12 months | 61 – 120 days |
| Age | 18 – 70 years old | 20 – 70 years old | 18 – 70 years old |
| Interest Rate | 12% – 36%/year | 143% – 180%/year | 12% – 36%/year |
| Approval Time | 15 minutes | 10 minutes | 20 minutes |
| General Rating | 8.5/10 | 8/10 | 8/10 |
Cashspace Contact Number
Should you have any inquiries or concerns, Cashspace PH’s customer service is readily available through various channels:
- Company: Fininity Ltd.
- Address: Tartu Street 52/1-166, 10115, Tallinn, EE.
- Filipino Branch: 12th Floor, Tower 1, Ayala Triangle, Ayala Avenue, Makati City, Philippines.
- Contact Number: 02-5555-5555
FAQs – Cashspace Loan App Review in the Philippines
What happens if I can’t pay Cashspace loan?
If you’re unable to repay your Cashspace loan on time, you may face late payment fees, credit bureau reporting, potential credit score impact, and contact from Cashspace’s collection agents or legal representatives.
How much does Cashspace Philippines service charge?
Cashspace doesn’t charge service fees; you only pay the agreed-upon interest rate with your lender.
In Conclusion – Should You Register for Cashspace Loan Philippines?
In conclusion, Cashspace PH is a legitimate and reliable loan app. While it offers numerous benefits such as a straightforward application process and competitive interest rates, it’s essential to compare different loan options and review terms and conditions before applying. We hope this Cashspace loan app review has been informative and helpful to you. If you found this article useful, please consider rating it 5 stars and sharing it with your friends. Thank you for reading!