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GlobeWest Quick Loan

Five out of 10 Filipinos obtain credit from informal sources such as fly-by-night lenders like 5-6, family and friends, and financial institutions, according to the former governor of Banko Sentral ng Pilipinas, Benjamin Diokno. It’s not a surprise that typical consumers will opt for cash loans whenever they find themselves in a financial bind, and utang has become a coping mechanism.

GlobeWest Finance is one of the lending companies always ready to help. The company provides loans with competitive interest rates and flexible terms to clients to meet their financial needs. To date, it has branches nationwide in major cities with ten loan products, and you can learn more about the features in this article.

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Written by: Piggyy

Verified by: Krisette C.L

Krisette C.L

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Krisette has been hustling online media industry since 2011. She's a copywriter, editor, and online media consultant.

Rating

4.6/5

Loan Term

3 - 18 months

Est. APR

% varies

Loan Amount

Php10,000 - Php2,000,000

Editor’s note: To date, GlobeWest Finance has branches nationwide in major cities and offers ten loan products for individuals and businesses. The company is expanding and improving its services to meet the financial needs of every Filipino across the country.

 

Quick Cash Loan Defined

 

For people who have an immediate need for cash and don’t have the luxury of time to wait for a couple of days, especially if they are dealing with an emergency, the best avenue to get financing is through Quick Loans. Borrowers can submit applications in minutes and receive the loan proceeds within 24 to 48 hours. 

 

Features of GlobeWest Quick Loan

 

The GlobeWest Quick Loan is a multipurpose loan that doesn’t require a co-maker.  The loan amount ranges from ₱25,000 to ₱30,000, payable for three to six months. 

 

Benefits of GlobeWest Quick Loan

 

Fastest Loan Approval

 

Apply for a quick cash loan on the website or submit your application via email ([email protected]) – do these in the comfort of your home. GlobeWest will respond to your application within 20 minutes and disburse the loan proceeds as fast as 24 hours, provided you are eligible and have complete documentation.

 

You may also apply for GlobeWest quick loans through phone calls (0917-422-5158 / 0939-303-5158) or visit any of the nearest GlobeWest branches to fill out the form. The company also accepts walk-in applicants, whichever application method they find most convenient.

 

Friendly and Flexible Terms

 

Aside from getting low-interest rates, conditions and payment methods are tailored to your specific needs. Payments can be made shorter or longer depending on the capacity to pay every month.  In addition, rebates are available if you settle your loan before its maturity date, but subject to credit standing, remaining loan amount, and loan type. 

 

No Additional Fees, Ever

 

GlobeWest always ensures that the terms and conditions are simple and easy to understand. You can be confident that all transactions are available in the statement of account or SOA without extra fees. Rest assured that the company’s rates and fees will always be clear and transparent.

 

Loyalty Rewards 

 

Customers who have good credit standing will have the chance to get interest discounts and higher loan amounts. The company offers a referral program that lets you earn cash rewards for each approved loan application you refer. All you have to do is notify the loan officer during or before your friend’s application.

 

Convenient

 

With over 2,000,000 loans approved and a growing number of customers, GlobeWests ensures that the payment process will be as easy as the application. The company’s clients and customers can now pay with any of its payment partners nationwide, including:

 

 

How To Apply for GlobeWest Quick Cash Loan?

 

  1. Visit the GlobeWest website and then fill out the form and accept the terms and conditions of the loan. Borrowers can also fill out the form at the nearest branch office.
  2. Submit all required documents.
  3. Wait until the loan has been assessed and approved.
  4. Loan approvals are communicated via text message or phone call, so please notify the company of any changes in contact information.
  5. Get the money to the specified bank account. 

 

Is GlobeWest Finance Legit?

 

GlobeWest Finance is on the comprehensive list of authorized financing companies verified by the Securities and Exchange Commission (SEC), which indicates its credibility and trustworthiness.

 

Company Name: GlobeWest Finance Corp.
Registration Number: CS200257655
Certificate of Authority Number: 265
Anniversary Date: October 10, 2002

 

Other GlobeWest Loan Products

 

Aside from the Quick loan product, GlobeWest Finance has nine other loan options, including Business loans to meet both personal and business needs, which are listed below:

 

Salary Loan

 

With GlobeWest Finance, borrowers can receive up to ₱150,000 payable over 18 months. This salary loan is multipurpose and only available to employees with a regular employment contract.

 

SSS Loan

 

GlobeWest Finance also cares about the financial well-being of SSS pensioners. This loan is available to active SSS pensioners, and the monthly pension will determine the maximum loanable amount they can avail.

 

OFW Loan

 

OFWs who need support back home can turn to GlobeWest Finance’s OFW loan. This offer is only accessible to family members of OFWs who receive remittances, and the OFW’s monthly allotment and their contract will determine the loan amount.

 

Doctor’s Loan

 

Licensed and practicing doctors with or without their clinics who want to procure medical equipment or aid with clinic expenses but do not have the necessary funds are welcome to apply for a GlobeWest doctor’s loan. They can borrow a maximum of ₱300,000 for up to 18 months.

 

Visa Processing Loan

 

Students and migrant workers who want to pursue their careers abroad but lack the finances to apply for a visa can apply for a GlobeWest visa processing loan. You can loan up to ₱2 million to enroll in your dream school.

 

Micro Loan

 

Those looking for smaller loans to address minor expenses can apply for GlobeWest Finances Microloans. The company offers a loan amount ranging from ₱5,000 to ₱15,000 with a three to six-month term.

 

GlobeWest Business Loan

 

GlobeWest Finance allows small and medium business owners needing financial aid to borrow anywhere from ₱100,000 to more than ₱1 million to cover various business demands.

 

Check Discounting

 

GlobeWest also provides a deal for anyone wishing to convert post-dated or current-dated checks into cash. Their check discounting service is designed for small and medium-sized businesses and individuals who need to encash post-dated checks.

 

Receivables Discounting

 

This GlobeWest product is also intended for those seeking solutions to bridge financing. The loan’s feature includes converting short-term credits and purchase orders into cash,  which benefits small and medium business owners.

 

How Can I Get Approved for GlobeWest Quick Cash Loan?

 

Below are some essential qualifications lenders have in common that borrowers must meet to be approved for a quick cash loan. Negligence in any of the following may lead to unsuccessful application:

 

Build Good Credit Score

 

It may seem unimportant initially, but your credit scores play a significant role in your loan application, particularly on the lender’s end. Your credit ratings will assist them in determining how well you handle your finances and whether you can handle further financial obligations.

 

Have a Consistent and Stable Source of Income

 

Employment status is also one of the things that the lender usually looks at when considering your loan application. Your employment status is an important indicator of your financial stability, giving them the confidence that you can pay the loan and at the same time fund other needs.

 

Prepare Complete Lender Requirements

 

Whether a quick cash loan from pawn shops or other lending companies, you will always have to present documentation containing certain personal and financial information such as payslips, bank statements, income tax returns, or even financial statements.

 

Conclusion

 

Filipinos benefit greatly from applying for a quick cash loan with GlobeWest Finance. With its favorable offers, every Filipino may have more opportunities to pursue their dreams and achieve their financial goals, regardless of their status in life. They must ensure that what they are getting into best suits their financial capacity and that they know how to pay for loans and get them.

Loan Term

3 - 18 months

Est. APR

% varies

Loan Amount

Php10,000 - Php2,000,000
Review

Piggyy

״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

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