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SEC Registration No.
regulated by Credit Information Corporation
and Securities & Exchange Commission
Experience simple, secure, and fast loan application with us.
Best Loan
Experience
Enjoy higher loan amount
with every loan.
1 Valid ID
Use your UMID or Driver’s
License for faster process.
Best Loan
Experience
Enjoy higher loan amount
with every loan.
OFWs have unique needs. This is the reason why OFW loans are specially made for them. Even before reaching the shores of another country where they are about to work, the OFW’s main problem is where to get the money to process their application. Some pawn their family heirloom, others mortgage their homes, many sell their lands, and a lot of them get unsecured loans. Then, they also have to wait a month before they receive their first salary. This adds up to their worry about how their family could survive that dry month. With so many hardships our OFWs go through, it is only fitting to give them a Pinoy OFW loan exclusively for theirs and for their allottees.
Understand and avoid the following when you apply for your OFW online loan application.
A lot of moneylenders are willing to give OFW loan online. However, no matter how badly you need a loan, never fake your documents. This is very unprofessional, and if the lenders find out, they might take legal action against you, and this will cause more problems. If you get convicted, this will show in your NBI and police records, ultimately diminishing your dream to work abroad.
Most moneylenders base your creditworthiness on your credit score. The credit score reflects your credit history. Your score will flank if you did not diligently pay your previous loans, especially bank loans. There are moneylenders who offer loans to those with a low credit score. Shop around for other options by surfing the net, asking friends, and searching on various social media.
Most of us have experienced falling in line for long hours just to claim a legal document or government IDs. Usually, these do not come cheap too many of us don’t get this paperwork unless we really need to. In the end, we procrastinate. This is why some OFWs can’t present complete OFW loan requirements when moneylenders ask for them. It is better to keep your documents at hand and have them scanned to have soft copies readily available.
Some moneylenders do not approve loans if your indicated salary is less than P25,000. You can choose other moneylenders who require a less minimum salary. However, never falsify your document.
There are moneylenders who required guarantors or co-makers before they can approve a loan. Lenders have different terms and conditions. Take time to shop around for those which do not require a guarantor. Having a guarantor is beneficial for lenders as this can be their safety net in case they are unable to pay up your loan. However, it can create a rift between you and your friend or relative who stood as your guarantor.
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About Us
Now In Philippines
Awarded as Singapore’s Successful Brand, Cash Mart is your personal moneylender like no other. Why is Cash Mart unique? We provide instant online loans at the most sensible interest rates with you in mind.
Acknowledging the strong connections of Singapore with its neighboring country, Philippines, Cash Mart once again did a breakthrough by crossing the seas to bring unparalleled fast cash loan solutions to the Filipino people with the same perseverance and enthusiasm Singaporeans have been enjoying for more than 45 years.
There is no secret formula to stay in the moneylending business for more than four decades, Cash Mart simply understands the uniqueness of everyone’s financial needs, thus, various online loan products has been created guided by market trends analysis, legal processes and sense of urgency.
Filipino workers deserve a reliable partner every time they encounter a financial gap. Cash Mart helps to bridge over the gap through innovative loan options with flexible terms to fit the various personal needs. Served with high ethical standards, the affordable loan products are not only handled with smooth quick loan process but also with transparent terms. This is how Cash Mart maintained its integrity and well-built reputation in Singapore.
Singapore’s leading private lending company is now in the Philippine shores to provide realistic and best loan solutions to every Filipino from all walks of life. We’ll be happy to hear from you. For any enquiries, call us on (028) 829 0000. Expect a world class service with Cash Mart – your Next-Door Moneylender. Cash Mart never fails to be a reliable financial partner when you need us the most. Give us the opportunity to show you want we can offer. Call us now.
Loan Product Introduction
Compliant With R.A. 3765, TRUTH OF LENDING ACT
Age Limit: 21 to 50 years old
Loan Amount: ₱3,000 to ₱30,000
Loan Term: Weekly (due date every 7 days), Bi-weekly (due date every 14 days), and Monthly (due date every 28 days),
Processing Fee: 10% of the principal loan amount
Interest Rate: 0.0571 % per day (APR: 20.8415%).
Shown below is an example of calculation:
If the loan is Php 5,000 and the client chose the term of 1 bi-weekly (payment due date is every 14 days), the interest per day is 0.0571%, with the APR being 20.8415%. The company lends money to its borrowers based on the agreed and signed loan contract valid till December 31 2020. The customer can receive a loan for an unlimited period called reloan provided that payments are submitted every two weeks or as agreed in the loan contract. The financial liability of the Credit User in case of failing to meet an obligation towards the financial partner has been made clear during the verification call as stated in the loan contract.
