What is FastCash Finance Company, Inc?
FastCash Finance Company Inc is a lending company that offers quick pension loans to eligible people who need money fast. The company has a simple application process and can provide you with the money you need in as little as 24 hours.
FastCash Finance also offers competitive interest rates and flexible repayment terms. If you're looking for a way to get cash quickly, FastCash Finance is a convenient option because you can borrow money without the need for collateral or a stringent credit check.
FastCash loan, how does it work?
When it comes to borrowing money, there are a lot of options available to you. You can go to a bank, a credit company, or even a friend for a loan. However, the quickest and most convenient way is to borrow money from an online lending app like FastCash.
You can apply for a pension loan at any time using the FastCash online application form. All you need is an internet connection and a mobile phone. This is in contrast to traditional lenders, who often require you to go into a physical location and complete paperwork in person.
A pension loan is a loan that is taken out against a person's pension. The loan can be used for any purpose, such as paying for a home or car or covering other expenses. So, if you have SSS, GSIS, or PVAO, you are eligible to apply for a pension loan.
All you have to do is go to fastcash.com.ph and indicate your desired loan amount and the number of months you wish to pay the loan. Clicking on the “Apply” button will then initiate the application process.
Your application will then be evaluated by FastCash Finance. Once approved, the loan amount will be released within 24 hours. You can claim the fund at the nearest FastCash branch or have it delivered.
Alternatively, you can visit any of the FastCash physical branches all over the Philippines to apply for a loan in person.
How much does FastCash loans?
You can borrow anywhere from P1,000 to P15,000. FastCash lending offers flexible loan repayment terms anywhere from 3 months to 18 months. You can choose the terms that you’re most comfortable paying.
Interest Rates
Interest rates vary depending on the approved loan amount and loan term, but it’s typically upwards of 20% per annum. Borrowers are advised to check with FastCash before sending in a loan application.
Is FastCash legit? Is SEC registered?
FastCash is a legit business in the sense that it was registered with the Securities and Exchange Commission with registration number CS201729284 and granted a certificate of authority to operate as a financing company (number 1149) on September 4, 2017.
However, upon checking the SEC list as of August 25, 2021 , the same registration and certificate numbers are assigned to a company called FCash Global Lending Inc., which operates the following online lending applications: FCash, Fast Cash, and Fast Cash VIP.
On September 28, 2020, the SEC revoked the license of FCash Global Lending due to unfair debt collection practices. It’s unclear which company FastCash operates under at this time. Borrowers are advised to do their due diligence before availing of loan services from online lending apps.
How long does it take to have the money?
The amount of time it takes to get your loan depends on how fast you are approved and how long it takes for your bank to release the funds.
Typically, FastCash approvals happen within minutes, and the money will be in your bank account within 24 hours. However, there may be slight delays when the loan approval falls on the weekend. If you opt cash pick-up from Cebuana Lhuillier, it will depend on how fast you can visit the nearest branch to collect the money.
FastCash lending, how to apply for a loan?
To apply for a FastCash online loan follow the next steps:
- Go to the website
- Select the loan amount and loan term.
- You'll need to provide some basic information, such as your name, address, and mobile.
- You'll also need to provide a valid government-issued ID and documentation that verifies your income and employment status.
Once you've been approved for a loan, the money is transferred to your account immediately. There are no long wait times or frustrating application process. The entire loan application process usually takes less than 10 minutes.
How do I pay the loan?
You can pay your FastCash loan through branches, mobile banking, or partner payment channels like Cebuana Lhuillier.
What happens if I can't pay?
FastCash’s flexible repayment option allows you to make smaller payments over time. This can be helpful if you need a little extra time to get your finances in order. However, if you cannot repay the loan, FastCash may charge you a late payment fee. In worst case scenario, FastCash may resort to legal action if you default on your payment.
FastCash loan app
The FastCash app, which is operated by FastCash Finance Company Inc., is a browser-based app. There’s no need to download the app. When you go to the FastCash website , you can immediately apply for a loan because the main page is the application page.
FastCash Philippines, customer service
- Phone number: +632 8911 9800
- Email address: sales@fcash.com.ph
You may also send your customer service inquiries to the official FastCash Facebook page .
FastCash complaints
People looking for a pension loan online try FastCash because of its quick and easy process. However, customers often complain about hidden fees and poor customer service. They claim that agents don’t respond in a timely manner.
Another common complaint is the aggressive and unfair debt collection practices by using abusive words and threats to compel borrowers to pay for their loans.
FastCash reviews
There are not a lot of reviews about FastCash lending corporation. On their Facebook page, FastCash has an average rating of 4.7 out of 5. However, the reviews are highly questionable and dubious.
FastCash reviews are generally negative because of the alleged unfair collection practices of FCash Global Lending, which led to the revocation of its license. FastCash Finance is the pension loan lending service and they do not offer personal loan.
You need to get real feedback and FastCash reviews from past customers before making a decision. This will help you come to an informed decision when making pension loans through online lending apps like FastCash.
Have you used FastCash loan app? Share your experience here.