Hi. How can we help?

Yes. You can apply for another loan once you have completely repaid your existing loan. Check with the lending provider if they can let you borrow a bigger amount on your next loan.

A short-term cash loan is still a financial obligation. If you fail to meet your payment deadline, then you will be charged a late payment fee. A late payment will also affect your credit history which can lower your chance of borrowing in the future.

Treat it as if you’re paying your utility bills. You can repay the loan via payment centers and online and over-the-counter banking.

The lender will advise you how you can receive the amount. Some lenders have the approved loan amount deposited to the borrower’s bank account while there are those that let the borrower withdraw the amount via payment centers.

After reviewing your application, the lender may get in touch with you through one or more of the following channels:

  • SMS
  • Phone call
  • Email
  • Mobile application notification (if possible)

Don’t worry, we’ve made things easier for you! You can use the GoBear search tool, which you can find above, to compare the short-term cash loans offered by different lending partners. All you have to do is follow the instructions on their website and you’re all set to apply for a loan.

It’s a plus if you have a good credit standing, but short-term cash lenders won’t turn you down if you’re still establishing your credit history. Their decision¾whether approved or not¾is based on the information and documents you provide them during your application, so make sure that they are accurate.

No, short-term cash lenders don’t require you to show any proof that you own a credit card.

Like the amount you’re allowed to borrow, the requirements for a short-term cash loan application varies per lender. But you can have these basic documents ready just in case:

  • Valid government-issued ID with photo and signature 
  • Bank statements (for the last 3 months, at least)
  • Pay slips (for the last 3 months, at least)
  • Proof of billing 

The amount depends on the lender, but you can borrow as much as ₱20,000. Returning borrowers who have a good record of repaying their loans on time can borrow a higher amount in their next loan.