Almost 5 out of 10 Filipinos have outstanding loans, according to the Bangko Sentral ng Pilipinas’ (BSP) latest Financial Inclusion Survey in 2021. Of this number, day-to-day expenses, emergencies, and fulfilling financial or life goals are the top three reasons why Filipino adults borrow. 

However, only two out of ten Filipinos have access to formal financial services offered by banks and government institutions like the Social Security System (SSS) and Pag-IBIG, with some resorting to borrowing from individuals or lending companies with unfairly high interest rates.

Moreover, BSP notes that 25% of Filipino adults were forced to use up their savings during the pandemic, which means that on top of having to deal with everyday finances, they may not have enough cash to cover emergency expenses. 

In line with its goal of making affordable loans accessible to more Filipinos, e-wallet app, GCash introduces new ways for Filipinos to conveniently manage their finances. On top of using the GCash app to pay bills, send money, buy load or pay for online and in-store purchases, users can now easily borrow money in the form of GLoan, GGives, and GCredit.

“We at GCash are working hard to give every Filipino access to fair loans not just to help them meet their basic needs but also empower them to achieve their life goals,” said Zo Canaria, FUSE Lending Growth Marketing Head. “Through GCash’s in-app innovations, we hope to give Filipinos an easy way to fund the lifestyle they deserve and fulfill long-standing goals they were previously unable to achieve due to financial challenges.”

GLoan: Fast-cash loan offering

GLoan, the loan product of GCash, offers instant cash up to P125,000 straight to eligible users’ GCash wallets, which can be used for starting or expanding a business, cover emergency expenses, celebrate special occasions or even to pay for different necessities. Through GLoan, eligible users can borrow from P1,000 to P125,000 as good as cash, with an interest rate of as low as 1.59%. 

To borrow, users simply submit their loan application within the app with no additional documents needed and wait for the loan to be reflected straight to their GCash wallet within 24 hours. The loan can then be paid for as low as P265 a month for 5-24 months. 

GGives: Light and easy installment plan

Meanwhile, GGives is GCash’ light and flexible installment plan which allows eligible users to purchase big-ticket items and pay for it in up to 24 months. GGives allows eligible users to purchase items amounting up to P125,000 in one transaction and choose their payment terms in installments from 3, 6, 9, or 12 months and up to 24 gives. 

GGives can be used for both in-store and online purchase of selected merchants. Unlike other installment products, GGives does not require additional documents during application and does not need an upfront downpayment and processing fees. 

GCredit: Always-ready credit line 

GCredit, powered by CIMB, is an always-ready credit line by GCash that can be used to pay for select bills, as well as products and services in-store and online. Eligible users can get up to a Php 50,000 credit line that they can use for bills payment, online buys, and in-store QR purchases to cover everyday expenses. 

With GCredit, users are only charged based on the number of days they borrow. This prorated interest means users who pay earlier get charged a lower interest. GCredit’s Minimum Amount Due also allows users to pay as low as 15% of their dues on their billing and/or due date. 

To be eligible for GLoan, GGives, and GCredit, users must have a fully verified GCash profile and must maintain a qualified GScore, which is the app’s trust rating reflecting their GCash activity. GScore is the primary basis to qualify for GLoan, GGives, GCredit and enjoy benefits such as lowest interest rates and highest credit line or loan amount. 

As your GScore is computed based on GCash activity, users must maintain an active GCash wallet balance by cashing in regularly and using different GCash services. For those who are already using any of the GCash borrow products, such as GLoan, GGives or GCredit, they must pay their dues early or on time to maintain their GScore and be eligible for future credit transactions.

Users may access GLoan, GGives and GCredit through the GCash dashboard or find it under “Borrow.” No GCash yet? Download the GCash App on the Apple App Store, Google Play Store, or Huawei App Gallery! Kaya mo, i-GCash mo!

•  The leading superapp touts several activities both in-app and in its Summer Hangout spots
•  With over 1,000 prizes available for lucky app users, Grab is also going all out with its Summer giveaways which include vouchers, special items, flights, and a trip to Europe for four!

Summer 2023 is in full swing! And after years of missing out on the ultimate Summer experience, Grab Philippines is rallying barkadas and families to go ALL OUT and create new fun and exciting moments this year!

Whatever all-out Summer idea you have, you can make it happen with Grab. Whether you are hanging out in the city or heading to some of the country’s most amazing outdoor destinations, Grab has got you covered with its reliable suite of services, fun activations, and over a thousand exciting prizes!

Unique Gastronomic Experience with GrabFood

GrabFood has a wide selection of restaurants that offer every culinary delight that you can think of! Featuring both local and international flavors, GrabFood lets you create your own unique food exploration that is delivered right to your doorstep!

But if you really are all for that sunkissed, outdoor thrill, feel free to bond with the barkada by going to your favorite restaurants! And make the experience more seamless and convenient by skipping the in-store counter queues with GrabFood’s Self Pick-Up – a feature that allows you to select and pay for your order via the Grab app. Enjoy great deals, too, by making Self Pick- Up orders in restaurants that have the Grab All Out Summer Sticker!

Hassle-Free Summer Vacay Shopping with GrabMart

Don’t worry about the essentials needed for spontaneous summer trips for GrabMart has everything that you can possibly need – from sunscreen to slippers. GrabMart hosts a broad selection of products that are ready for on-demand delivery. These include packaged food, fresh produce, healthcare essentials, personal care items, household products, and even pet supplies. Have these essentials delivered to you instantly or at a time more convenient for you. With GrabMart, there is no more lining up at the grocery store or rushing to the mall for Summer vacay shopping.

Safe, Convenient and Reliable Mobility with GrabCar

An All Out Summer means that you have to be up and about. Do not fuss over the trip to the airport or the roadtrip from one destination to another – just travel worry-free with GrabCar. Being present in Metro Manila and major cities across the Philippines like Cebu, Bacolod and Iloilo; GrabCar offers safe, reliable and convenient transportation for every Summer adventurer exploring the country.

And since you are back on the road, make sure to visit the Grab All Out Summer Hangout Spots for exclusive treats and deals. Play games and win challenges in these interactive Summer Hangout Spots. The four spots are located in Market, Market in BGC, Festive Walk Mall in Iloilo, SM Lanang Premier in Davao, and SM CDO Downtown Premier in Cagayan de Oro!

Grab Philippines Country Head Grace Vera Cruz shares:

“The pandemic has discouraged many of our kababayans from fully celebrating and experiencing summer. This 2023, Grab is here as your reliable partner in creating an exciting Summer experience, and as we continue to widen our geographic footprint and expand our available services in cities and communities across the country, Grab will be every Filipino’s partner towards bespoke and meaningfully curated seasonal experiences. With our on-demand delivery, fun activities, and convenient mobility service, there is no doubt you can go all out this Summer.”

To make this Summer even more exciting, Grab is going all out with its prizes for daily app users! The leading super app is giving away over 1,000 prizes such as special deals, exclusive items, domestic flights, and even a Europe trip for four! Check out the Grab app now to learn more about these prizes!

Still not over with concerts not allowing professional cameras such as DSLRs? Well, the all-new HONOR X8a will leave you feeling like you just brought one with its 100 MP Ultra-Clear Camera! And up until March 24, you can avail this new HONOR phone for pre-order at Php 10,990 and get a FREE HONOR Earbuds worth Php 1,590.

“Believe it or not, phone cameras just keep on getting better and better. May it be for your photography hobby or you just like taking pictures, our new HONOR X8a is ideal for you. Portraits, landscape or concert photos, name it, you can get better quality shots using this new smartphone,” said Stephen Cheng, HONOR Philippines Vice President.

HONOR X8a’s Powerful Camera System

During its launch recently, the HONOR X8a 100MP triple rear camera system was put on a test in a sunset cruise. Guests took out their HONOR X8a to capture the beautiful sunset scenery of Manila. Comprising a 100MP Main Camera, a 5MP Wide & Depth Camera and a Macro Camera, the HONOR X8a can capture high-definition images in vivid clarity, even when shooting complex scenes. The HONOR X8a also features a 16MP Front Camera to ensure users can capture spectacular, high-definition selfies.

Sunset Shot by Mr. Art Samaniego of Manila Bulletin

Testimonials

What better way to prove it than taking it from a budding professional photographer, GMA Artist, and HONOR Star, Khalil Ramos who recently attest to HONOR X8a’s superb camera quality.

And if you are one with those who are still watermelon-sugar high from the Harry Styles concert, here are some shots taken by HONOR X8a.

Are you convinced yet? The HONOR X8a comes in three stunning colors; Cyan Lake, Titanium Silver, and Midnight Black and is available for pre-order from March 14 to 24, 2023 with FREE HONOR Earbuds worth Php 1,590 via all HONOR kiosks and partner online stores –  Lazada (http://bit.ly/40iFPjB), Shopee (http://bit.ly/3mNbds1), and Tiktok Shop (http://bit.ly/3ZYbqqy).

HONOR fans can also avail the HONOR X8a via Home Credit for as low as Php 1,332 per month and on a 0% interest installment payment.

As the new year brings in refreshed goals and new adventures, OPPO helps you start anew with its latest addition to the OPPO Reno8 5G series, the OPPO Reno8 5G 12+256GB in a dazzling new color–Sunkissed Beige. The latest Portrait Expert comes in a stylish, premium colorway, with upgraded storage, and smoother performance. The latest OPPO Reno8 5G variant can be yours for Php 29,999, allowing you to bring ultra clear portraits to life this 2023.

The new OPPO Reno8 5G 12+256GB comes in a fresh coat of color in Sunkissed Beige with a beautiful glossy finish that remains resistant to fingerprints and dust. With an updated look, the ultra slim smartphone now also comes with an upgraded 12GB RAM and 256GB ROM - a significant increase from the OPPO Reno8 5G Series’ first release in September 2022, which offers 8GB RAM and 256GB ROM. Now, you can also enjoy capturing ultra clear portraits and
keeping more memories throughout the year without having to worry about a “full storage” notification popping up. This larger RAM and ROM enhances and smoothens the overall performance of the new smartphone, lessening lags and increasing its fluency to boost productivity and entertainment.

Rounding up the new features that make the new OPPO Reno8 5G 12+256GB a worthy investment, is the ColorOS13 based on Android 13. This updated operating system provides a more seamless smartphone experience, with improved multi-device connectivity features like Multi-Screen Connect and Nearby Share, as well as heightened data privacy and protection features like Auto Pixelate and Private Safe.

Living up to its name as The Portrait Expert, the OPPO Reno8 5G 12+256GB still carries the same powerful Dual Sony Flagship Sensors that made the OPPO Reno8 5G series a reliable partner in capturing ultra clear portraits in any light. This latest model delivers a 50MP main camera and 32MP front camera that level up your visuals with more color, contrast, and details captured in every shot from Ultra Night Video, Ultra HDR Video, Hyperlapse, and even AI Slow Motion.

Apart from its high-powered camera, the new OPPO Reno8 5G 12+256GB still packs 80W SUPERVOOC fast charging capabilities, similar to the rest of the OPPO Reno8 5G Series, which allows you to get 50% battery with just 11 minutes of charging. The new variant is also powered by the same Mediatek Dimensity 1300 chip that enables all games, apps, and streaming services to run smoothly all day long boosted with 5G speed.

For Php 29,999, you can start your year right with the new OPPO Reno8 5G 12+256GB in a new stunning Sunkissed Beige color and now with larger storage. Grab yours now via all OPPO Brand Stores, partner dealers, and OPPO Official Stores on Shopee and Lazada.