Cashify Loan Terms: Repayment Period, Fees and Rules

Key terms at a glance

These are the lender's published statements. The loan agreement you accept in the app is the legally important document, so read it before you tap accept. To see how the terms look next to other apps, visit our page where you can compare fast and safe cash options.

The repayment period: 91 to 180 days

A period of 91 to 180 days is roughly three to six months. That is longer than many short "payday-style" loans and is usually split into installments. In the lender's own example, a ₱10,000 loan for 91 days is repaid in three monthly installments of about ₱3,766.39. You can see the full calculation in our Cashify interest rate guide.

Because the loan term affects how much interest you pay, choose the shortest period you can manage. If the app lets you pick between options, compare the total repayment amount for each.

How installments are structured

The sample in the store listing divides the total repayment into equal monthly installments. In your own loan, you should find:

• the number of installments,
• the amount of each installment, and
• the due date of each installment.

Save a screenshot of the schedule. If a payment is due on a weekend or holiday, ask support how it is handled, and avoid leaving payment until the last hour. For payment steps, see How to Pay Cashify Using GCash in Philippines.

Fees you may see

According to the Google Play listing, you may be charged:

• a one-time sign fee, and
• a service fee per transaction, between 0% and 16%.

The listing also states that the transaction fee is 0. The App Store summary words the fee lines differently. When you see different descriptions, rely on the figures shown on your own offer screen, and ask support to confirm anything unclear in writing.

The sample in the listing uses a service fee of 10%. On ₱10,000 that is ₱1,000, which is a large part of the cost of a short loan. Our guide to comparing online loan costs explains why.

Disbursement: how the money reaches you

The listings say the loan amount is sent to a bank account, GCash or Coins.ph. Use an account in your own name. Never provide an account belonging to someone else, and never send money to anyone who promises to "release" the loan for a fee.

Rights to disclosure and what to read before you tap "Apply"

Philippine rules require lenders to disclose the key cost of credit before you commit. Before accepting any loan, look for:

1. The principal and the net amount you receive.
2. All fees, shown in pesos.
3. The interest rate and how it is applied.
4. The total repayment and each installment.
5. The consequences of late payment.
6. The privacy terms, including what data the app collects.

The listings include a reminder to study the terms and the disclosure statement before any transaction. We recommend you do that every time. For the privacy side, read whether Cashify calls your contacts.

What happens if you cannot pay on time

If you expect a problem, contact support before the due date and keep the reply. The published listings do not set out a separate late-fee table, so check your agreement and read Cashify payment penalty. Collection rules that apply to every lender are discussed in Cashify overdue in the Philippines.

Practical tips

• Take screenshots of the terms before and after you accept.
• Keep payment receipts.
• Do not borrow more than you need.
• Avoid taking loans from several apps at once.
• Use only the repayment channels shown in the app.

For the full application steps, see How to Loan in Cashify Philippines.

A line-by-line guide to reading the agreement

When you open the loan agreement, go through it in this order so nothing is missed:

1. Parties. Confirm that the lender is SunLoan Lending Investors Corporation and that your name and ID details are correct.
2. Loan amount. Check the principal, and then check the amount that will actually be sent to you after any deductions.
3. Term. Note the number of days and the final due date.
4. Interest. Look for the rate and for how the days are counted.
5. Fees. Look for the sign fee and the service fee as peso amounts.
6. Repayment schedule. Count the installments and write the dates in your calendar.
7. Late payment. Look for what the agreement says about late charges and collection.
8. Data and privacy. Check what information the app collects and why.
9. Contact details. Make sure support channels are listed so you can reach the lender in writing.

If a clause is unclear, ask support to explain it in writing before you accept. You are entitled to understand what you sign.

Comparing the terms with other lenders

A 91 to 180 day term is longer than many apps that lend for a few weeks, which spreads payments but can increase total interest. When you compare, line up the same figures for each lender: the amount you receive, the total you repay, the number of days and all fees. The independent comparison on our homepage and our guide to comparing online loan costs explain how to do it.

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