Cashspace is an online financial intermediary platform that assists customers in applying for loans. In this review, we will assess the legitimacy of Cashspace, discuss the interest rates and maximum loan amount, outline the requirements, and address any concerns regarding harassment and complaints.
Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in December 2024
| Rank | Lender Name & Application Link | Loan Amount | Loan Term | Interest Rate | Repayment | ID Required | Age Range | Special Feature |
|---|---|---|---|---|---|---|---|---|
| #1 |
SOSCREDIT |
₱1,000 – ₱25,000 | 3 – 12 months | 0% for first loan | Monthly or End of term | Only ID Card required | 20 – 70 | Receive money in 15 mins |
| #2 |
CREDIFY |
₱1,000 – ₱25,000 | 3 – 12 months | 0% for first loan | Monthly or End of term | Only National ID required | 20 – 70 | Receive money in 15 mins |
| #3 |
CREZU |
₱1,000 – ₱25,000 | 2 – 4 months | 0% for first loan | Monthly or End of term | Only ID Card required | 18 – 70 | Easy loan approval |
| #4 |
FINBRO |
₱1,000 – ₱50,000 | 1 – 12 months | 0% for first loan | Monthly or End of term | Only ID Card required | 20 – 65 | Receive money in 10 mins |
| #5 | CREDITIFY Apply Now |
₱1,000 – ₱25,000 | 1 – 180 days | 0.1% | Monthly or End of term | Only ID Card required | All accepted | Approve Bad credit |
| #6 | CASHSPACE Apply Now |
₱1,000 – ₱25,000 | 2 – 4 months | 0% for first loan | Monthly or End of term | Only ID Card required | 18 – 70 | Easy loan approval |
| #7 | DIGIDO Apply Now |
₱1,000 – ₱25,000 | 3 – 6 months | 0% for 7 days | Monthly or End of term | Only ID Card required | 21 – 70 | Receive money in 4 mins |
| #8 | KVIKU Apply Now |
₱500 – ₱25,000 | 60 – 180 days | 1.2% per month | Monthly or End of term | Only ID Card required | 18 – 65 | Receive money in 5 mins |
| #9 | CASHEXPRESS Apply Now |
₱1,000 – ₱20,000 | 7 – 30 days | 0% for first loan | End of term | Only ID Card required | 21 – 70 | Receive money in 5 mins |
| #10 | MONEYCAT Apply Now |
₱500 – ₱20,000 | 7 – 180 days | 0% for first loan | End of term | Only ID Card required | 22 – 65 | Easy loan approval |
Summary of Cashspace Loan app
Cashspace offers loans ranging from 1000 to 25,000 Pesos with a repayment term of 2 to 4 months. The interest rate is 1.3% per month. The only requirement is a national ID. While Cashspace does not have a website, it is considered a legit lending company. The effectiveness of the service is good, and they accept bad credit. There have been no complaints, and interested customers can apply through the Cashspace website.
For any inquiries, the hotline number is +632 8888 8888. Harassment can occur through phone calls and email. It is important to note that Cashspace is not a financial institution or bank but acts as an intermediary between customers and licensed lenders.
What is Cashspace?
Cashspace is an online platform that provides consulting services and assistance to customers applying for loans. By collecting and processing customer information, Cashspace suggests suitable loan packages from its financial partners, ensuring quick and simple access to loans to meet customers’ financial needs.
Pros of Cashspace App
Cashspace has several advantages, including:
- Assisting over 312,000 customers in finding the right loan.
- Accurate analysis of customer information, resulting in loan proposals from reputable units.
- Simple application process requiring only a government ID and quick processing time of 15 minutes.
- No need for proof of income, property mortgage, or guarantor.
- High loan approval rate, even for customers with bad credit.
- Secure protection of personal and financial data.
- Option for a 0% interest loan for first-time borrowers.
Cons of Cashspace Loan App
There are a few limitations to consider, such as:
- Maximum loan amount of 25,000 pesos, which may restrict borrowing for larger financial needs.
- Shorter repayment terms of 2 to 4 months compared to traditional banks.
- Potentially higher interest rates than unsecured loans from traditional banks.
Cashspace PH interest rate
The interest rate for a quick loan with Cashspace depends on the chosen lender, typically ranging from 12% to 36% per annum. Specific rates are determined based on the customer’s personal and financial records and the lender’s conditions.
Example of Cashspace interest rate calculation
For example, if a customer borrows 10,000 pesos for 3 months with a 12% annual interest rate (1% per month):
- Monthly principal payment: 10,000 / 3 = 3,333.33 pesos
- Monthly interest payment: 10,000 x 1% = 100 pesos
- Total monthly payment: 3,433.33 pesos
Cashspace loan requirements
Cashspace loan requirements are as follows:
- Filipino citizen residing and working in the Philippines.
- Age between 18 and 70 years old.
- Stable source of income.
- Valid government-issued ID, email address, and phone number.
Guide to register Cashspace Loan Application Step-by-step
The registration process for Cashspace loans is simple and quick:
- Visit Cashspace’s official website and select the loan amount.
- Fill in the registration form with personal information.
- Receive loan proposals from lending partners based on your application.
- Choose the preferred loan package and submit the request for approval.
- Once approved, the money will be transferred to your registered bank account.
Reviews Cashspace online Loan App Feedback
Cashspace has received positive feedback from thousands of customers who appreciate the quality of service provided.
Cashspace loan repayment
Cashspace loan repayments can be made through various methods, including e-banking, e-wallet applications, payment centers, and bank transfers.
Compare Cashspace Loan App Philippines to Other Apps
Comparing Cashspace to other loan apps:
- Limits: Cashspace (1000 – 25000 pesos), Moca Moca Loan App (500 – 30000 pesos), Soscredit (1000 – 25000 pesos)
- Tenor: Cashspace (2 – 4 months), Moca Moca Loan App (3 – 6 months), Soscredit (3 – 12 months)
- Interest: Cashspace (1% – 3%/month), Moca Moca Loan App (12%/month), Soscredit (12%/month)
- Age: Cashspace (18 – 70 years old), Moca Moca Loan App (21 – 70 years old), Soscredit (20 – 70 years old)
- Browsing time: Cashspace (15 minutes), Moca Moca Loan App (5 minutes), Soscredit (15 minutes)
- Rating review: Cashspace (8/10), Moca Moca Loan App (8/10), Soscredit (8/10)
Cashspace customer service
Cashspace is a trademark of Fininity Ltd, registered under the number 14523902. For any inquiries, the contact address is Tartu Street 84a, Tallinn, 10112, EE.
FAQs – Cashspace PH
Is Cashspace legit?
Yes, Cashspace is a legally registered brand owned by Fininity Ltd. It serves as a platform connecting borrowers with trusted financial institutions.
How to pay Cashspace?
Customers can pay their Cashspace loans through various methods, including e-banking, e-wallet apps, payment centers, and bank transfers.
In conclusion
If you need a quick online loan, Cashspace is a reputable and convenient choice. With a simple registration process, disbursement in 15 minutes, and no service fees, Cashspace provides a reliable solution for borrowers.