Cash-Express Honest Review

In need of quick cash? Cash Express is always ready to help you!

With Cash-Express, you can borrow up to 20, 000 pesos in no time.

Aside from the high loanable amount, Cash-Express also takes pride in its easy loan application process.

The requirement? Not a problem at all! You only need to present 1 VALID ID, and you’re good to go!

What about the interest rate? Don’t worry, it’s very reasonable as well.

Keep reading this honest review to know more about Cash-Express without bias!

What is Cash-Express?

Since 2019, Cash-Express has provided reliable, quick cash loans for Filipinos.

Unlike other online lending platforms that require borrowers to download an app, Cash-Express doesn’t. Instead of downloading a loan app, Cash-Express utilizes its official website to cater to borrowers.

What does it imply? It means a safer platform to loan money online. No third party will be given access to your device, and you don’t need to share sensitive information with people you barely know. This alone makes Cash-Express outperform other online lending platforms!

Thanks to its user-friendly interface, even the not-so-techy Filipinos can navigate the Cash-Express website.

Moreover, Cash-Express asks for easy requirements. In fact, you can use your national ID to apply for a loan.

Since 34.3 million Filipinos remained unbanked (2021 Financial Inclusion Survey), Cash-Express made the necessary adjustments for the convenience of the borrowers. Hence, it releases loan proceeds via the popular e-wallet platform, GCash.

What is Cash-Express Online Loan?

Cash Express offers quick cash loans to Filipinos who need cash badly. Again, with Cash-Express, you no longer need to download an app to borrow money. Just visit the Cash-Express website and navigate the loan application tab to apply for a loan.

Cash-Express employs a 1.99% daily interest rate to its loan offers.

On the other hand, first-time borrowers will enjoy a ZERO interest rate for loans good for seven days (or less, depending on the assessment).

The maximum loanable amount for first-time borrowers is 10,000 pesos, with a maximum loan term of seven days. Meanwhile, for reloans, the maximum loanable amount is up to 20, 000 pesos with a maximum term of 30 days.

If you’re a repeat borrower, you can get a lower interest rate if you immediately choose the 14-day loan term. Cash-Express only charges 1% daily interest rates for loans to be paid within 14 days.

If things get rough and you can’t pay your loan on time (within seven or 14 days), you can request an extension. But keep in mind that a 1.99% daily interest will be charged if you extend the loan term.

Just a friendly advice: avoid extending your Cash-Express loan as much as possible because it will only put you into a never-ending loan-reloan cycle!

Is Cash-Express Safe and Legit?

Cash-Express is an online lending platform established in 2019, and it’s run by Cash-Express South East Asia Lending Inc.

Cash-Express is SEC (Securities and Exchange Commission) registered and operates under SEC Registration Number: CS201951088.

With these data, we can safely say that Cash-Express is 100% LEGIT!

Cash-Express Loan Requirements

Frankly speaking, Cash-Express is one of the best online loan providers you can rely on.

It does not require downloading an app to keep your personal information safe.

Moreover, it asks for simple requirements, and the application process is really quick.

Below are the simple requirements for borrowing money from Cash-Express:

• Must be a Filipino citizen residing in the Philippines
• Filled out Personal Data form (will be provided upon application)
• Can present a valid ID, e.g., National ID, driver’s license, UMID, SSS, Postal ID, TIN, voter’s ID, passport
• With GCash or a bank account (for loan disbursement)

Cash-Express Loan Application Process

You now know the easy requirements Cash-Express asks from the prospect borrowers; this time, we will discuss the application process.

• Visit Cash-Express’ official website
• Select the desired amount to be borrowed
• Click ”Apply for a Loan”
• Fill out the “Personal Data Form”
• Fill out ”Residence Address”
• Indicate your educational level, work (industry), monthly income/ salary, marital status
• Provide one contact person/ reference (active mobile phone number will be required)
• Choose which platform you want to receive the loan proceeds, either on GCash or a bank account
• Next is the face verification phase. Just take a picture, and it will be compared to your uploaded/scanned valid ID to verify your identity
• Indicate/ confirm the amount that you want to borrow, including the term
• Press ”Confirm” and wait for the loan approval/ rejection notification

Cash-Express Loanable Amount

Cash-Express offers quick cash loans for up to 10,000 pesos for new borrowers within seven days (maximum term). But you don’t have to worry because if you pay your loan on time and establish a good credit record, your credit limit will eventually increase, as well as the loan term.

For repeat borrowers, Cash-Express offers up to 20, 000 pesos quick cash loans, and the maximum possible term is 30 days.

Cash-Express Interest Rates

Cash-Express implements a 1.99% daily interest rate for loans with seven days loan term.

Seven days loan term, with 10, 000 pesos maximum amount, are usually offered to first-time borrowers. For repeat borrowers, you can loan up to 20, 000 pesos for 30 days, but still, with a 1.99% daily interest rate.

On the other hand, for loans with a 14-day term, Cash-Express applies a 1% daily interest rate. So, if you want to shoulder a lower interest rate, choose the 14-day loan term.

Cash-Express Pros and Cons

Pros:

• Reasonable interest rates
• Easy requirements
• Fast application process
• Personal information are safe
• No downloading of an app

Cons:

• Short-term (for first-time borrowers)
• High loan extension interest rate

Takeaway

Cash-Express is a legitimate online lending platform in the Philippines. If you need quick cash in times of financial emergencies, Cash-Express is a lifesaver.

Use this review to weigh the pros and cons of Cash-Express, and don’t hesitate to apply for a loan when the need arises. We guarantee that Cash-Express will not let you down!