CashBar is a safe online loan application under FUNDEX CREDIT LENDING INC, a company based in the Philippines. The platform provides flexible financial solutions for short-term customer needs. Additionally, CashBar offers a simple and fast borrowing experience. Competitive interest rates and a 0% service fee create favorable conditions for borrowers.
The application has a straightforward process – just download the app, fill in the information, wait for confirmation, and easily receive the money. CashBar App is committed to quickly and efficiently meeting the short-term financial needs of customers, helping them address urgent financial issues in the best possible way.
Reviewing the Pros and Cons of CashBar App
Pros
- Provides flexible loan amounts and various term options.
- Simple and easy loan application process on mobile phones.
- The app offers extremely reasonable annual interest rates, saving money for borrowers.
- CashBar is free of service fees, helping borrowers save costs.
- The app allows for limit and loan duration increases based on the customer’s credit score.
Cons
- Customers incur transaction fees, ranging from 25-130 PHP.
- The confirmation process can be time-consuming for customers.
- The app has age restrictions and limitations for certain user groups.
- Short loan terms may not be suitable for long-term financial needs.
Loan Products on the App
- Loan amount: From 2,000 PHP to 20,000 PHP.
- Loan duration: From 91 days to 120 days.
- Maximum annual interest rate: 18.25%, with a daily interest rate of 0.05%.
- Service fee: Free, none.
- Transaction fee: Depends on the loan amount, ranging from 25-130 PHP.
Sample loan case
- If borrowing 8,000 PHP for 150 days, with a daily interest rate of 0.05% and a transaction fee of 25 PHP.
- Service fee: 0% (8,000 PHP * 0% = 0 PHP).
- Amount received: 8,000 PHP – 25 PHP = 7,975 PHP.
- Total interest fee: 8,000 PHP * 0.05% * 150 = 600 PHP.
- Repayment invoice: 8,000 PHP + 600 PHP = 8,600 PHP.
- Monthly repayment: 8,600 PHP / 5 = 1,720 PHP.
Note: Information about loan products on the CashBar app may change over time. Therefore, customers should access the app or website to get the latest updates.
Conditions for Borrowers at CashBar:
- CashBar is exclusively for online borrowers in the Philippines.
- Borrowers must be above 20 and below 60 years old.
- Provide valid government-issued legal documents.
- Stable mobile phone number and steady source of income.
- Limits and loan duration may increase based on the borrower’s credit score.
- Borrowers are required to download the CashBar app on their phones.
Quick loan Application Steps
Step 1: Download and install CashBar APK/IOS from the cash loan app or the CH Play store on your mobile phone.
Step 2: Fill in basic personal information, including full name, email address, mobile phone number, and other required information by CashBar.
Step 3: Complete the registration by providing verification documents such as personal ID or facial photos.
Step 4: Fill in all required information, wait for the system’s confirmation and review process. Approval time is between 30 minutes to 1 hour.
Step 5: Once the application is accepted, you will receive a notification, and the loan amount will be transferred to your bank account.
Note: Make sure to read and understand CashBar’s terms and conditions before applying for a loan. Ensure timely repayment to avoid penalties and maintain a positive credit score.
Contact Information for CashBar Loan Services
- Company Name: FUNDEX CREDIT LENDING INC.
- Registration Number: PSEC CS201919919.
- Registered Name: CashBar.
- Certificate of Authority to Operate a Financing Company (CA): NO.3182.
- Business Hours: 9:00 AM – 6:00 PM (Monday – Sunday).
- Email: [email protected].
- Address: 2nd Floor, Building C, Metrowalk Commercial Complex, Meralco Avenue Brgy. Ugong, Pasig City, Metro Manila, Philippines.
If you have any questions, concerns, or need assistance, the CashBar service team is ready to help during working hours. Contact the provided information to receive the best support for your needs.
Summary
CashBar is an online loan platform in the Philippines, known for its product flexibility and a simple process through the mobile app. The app provides quick financial solutions for short-term needs. Advantages include competitive interest rates, a 0% service fee, and the ability to increase the loan limit based on credit scores. However, it’s important to note transaction fees and limitations on age and service usage location. For those in need of short-term financial solutions, CashBar App is a convenient and practical choice.
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