BCASH Loan App Review Philippines is Legit or Scam?

Bcash is one of the lending applications that is no longer unfamiliar to Filipinos. Are you in need of capital? Are you wondering if this app is a scam or not? Is my choice correct?

Let’s find the answer with retailasiaonline.com!

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What is Bcash?

Bcash is an online lending application developed on mobile platforms. No more having to go to transaction offices to wait, no need to prepare a bunch of cumbersome documents and papers. Now, just sitting at home, with a smartphone connected to the internet, you can borrow money anytime, anywhere. Quick process, quick disbursement.

Pros of Bcash App

Bcash review brings many outstanding benefits to users. It deserves a strong position in the Philippine financial market:

• The support interface on the phone is beautiful, friendly, easy to use, even older customers will not have difficulty operating.
• The registration process is minimized, with few operations, it only takes 5 minutes to register an account. Add 5 minutes to confirm the loan.
• Simple procedure with only valid government identification documents.
• No collateral required, no need to prove income.
• Interest rates are quite competitive in the online lending market.
• Super-fast disbursement, meeting the need for immediate financial settlement and hot loans.
• Information is transparent, there are no ambiguous fees or interest rates. No extra-contract fees arise.
• Committed to protecting customer information at the highest level.
• There are many regular events and promotions.
• Online loan without credit check.

Cons of Bcash Loan App

Bcash review app currently still has certain limitations:

• Interest rates are still higher than traditional bank interest rates. This is completely explainable. Because when taking out an unsecured loan with simple procedures like this, the risk of capital recovery is also much higher, and the high interest rate to compensate can be explained.
• There are quite high service fees and overdue fines.
• The loan limit for first-time customers is not high.

Bcash interest rate

Bcash has interest rates ranging from 10% – 36%/year. This is a quite reasonable number for the current financial market. In addition, with each loan contract, the lending unit also collects an additional service fee, usually 10% for a transaction.

For each different customer, different interest rates will apply. For borrowers with high credit scores and low risk assessments, interest rates are also lower and vice versa. In particular, customers who regularly borrow and have good payment history will receive preferential limits and interest rates.

Example of Bcash interest rate calculation

Example of Bcash approval:

• Loan amount needed: 10,000 PHP.
• Term: 2 months.
• Interest Rate: 2%/month.
• Service fee: 10%.
• Service fee payable: 10,000 x 10% = 1,000 PHP.
• Actual amount received: 10,000 – 1,000 = 9,000 PHP.
• Total amount payable at the end of the period: 10,000 + ( 10,000 x 2% x 2) = 10,400 PHP.

Bcash loan requirements

The conditions for successful loan registration at Bcash are quite simple, almost everyone can meet:

• Filipino citizens, living and working in Philippine territory.
• Have full capacity for civil acts and no restrictions on civil rights.
• Age range from 18 – 60 years old. For customers 60 years old, a health certificate is required.
• Valid identification documents: UMID/Passport/Driver’s License/PRC ID/Postal ID.
• Phone number, main bank account number.

Guide to register Bcash Loan Application Step-by-step

The loan registration process at Bcash is simplified to support all customers of all ages.

If you are a new customer, follow the instructions below:

Step #1: Download the Bcash application on Google Play or App Store

Bcash’s biggest plus point is its development and compatibility on all phone operating system platforms. All you need is a smartphone with an internet connection to download the application completely free of charge.

Step #2: Complete registration

After completing the download, press “Open” and begin the installation. The system will display a form asking you to fill in personal information to complete the registration. Note, personal information needs to be declared accurately and honestly.

Attach identification documents as required to verify information.

Step #3: Apply for a loan

Choose the amount and repayment time you want. The system will immediately display the interest rate and the amount you need to pay at the end of the term. Choose a withdrawal channel according to your needs.

Step #4: Wait for approval and disbursement

Confirm the loan, the file will be pushed for appraisal. After a few minutes, the system returns results by SMS or call from the switchboard. Receive disbursement and make a debt repayment plan.

​​Reviews Bcash online Loan App Feedback

Bcash review is rated 3.8 stars from clients in Philippines, no harassment complaints. It is legit and safe, not scam and absolute information.

Since its inception, Bcash has won the hearts of many users. Customers who have experienced the service here have left positive feedback.

Bcash loan repayment

Bcash payment gives you many payment options:

• You can pay at any branch of: 7-Eleven, M Lhuillier, RD Pawnshop, ECPay, TrueMoney, Paymaya or GCash.
• Pay via 7-Eleven (via Cliqq App or Kiosk) or Gcash: click on payment invoice -> Select Fastpay -> Fill in your repayment contract number and mobile phone number -> Fill in the amount to pay in debt.
• Payment via M Lhuillier or RD Pawnshop: Fill in the available payment form -> Bcash company -> Fill in your repayment contract number and mobile phone number -> Fill in the amount to repay.

Note, the refund contract number on the application is sent to SMS on the due date. If you do not receive it, please contact the hotline immediately to request assistance. Monthly payment invoices should also be kept in case a payment dispute occurs.

Compare Bcash loan App Philippines with other loan apps

Comparison criteria	Bcash	Zada Cash	Lpeso
Limits	2,000 – 50,000 pesos	1,000 – 15,000 pesos	1,500 – 40,000 pesos
Tenor	91 – 120 days	91 – 120 days	91 – 365 days
interest	10% – 36%/year	0,06%/day	1%/day
Age	18 – 60 years old	18 – 65 years old	18 – 60 years old
Review rate	80%	79%	85%

Sources: Refer to Sate Bank reporting and research.

Bcash customer service

Bcash complaints will be resolved via contact information:

• Email: support@Bcash.ph
• Website: https://bcash.ph/
• Address: 1221 Philippines Urban Living Solution Inc Jacinto St. Rizal, City of Makati, Fourth District, NCR 1212.

FAQs

Here are some questions to answer about Bcash:

Is Bcash sec registered?

BCash is operated by Paymama Lending Corporation, a licensed financing company with SEC Registration No. 2022080063557-07. Therefore, the level of reliability is completely demonstrable. This is a loan application that operates completely legally in the Philippines. It has resolved financial difficulties for thousands of customers.

How do I prevent Bcash harassment with customers?

Bcash does not cause trouble for its customers. This credit institution always puts information security first and will not cause disclosure of customer information. However, currently there are many black credit institutions, hiding behind the scenes and pretending to deceive borrowers. You should be very careful.

How to contact Bcash complaints?

If you have any questions related to Bcash complaints, please email support@Bcash.ph. The lending unit has a 24/7 customer care team, ready to answer all your requests.

In conclusion – Should you Apply to Bcash App?

Bcash is trusted by many people because:

• Fast and reliable disbursement, request instant disbursement without any hassle.
• The process is simple and straightforward, with no additional requirements needed.
• Multiple layers of security, protecting your information from fraud or identity theft.
• Friendly customer service, ready to assist you when needed.

Above is information about Bcash – the leading lending application in the Philippines. Surely through the article, you have found the answer for yourself.

Your choice has been confirmed.

Don’t forget to leave a 5-star rating to support the article. Good luck.