Cashmum

https://loansonlineph.com/Cashmum
Easy to apply
4.8/5
Approval time
3.8/5
No hidden condition
4.0/5
Renewal rules
3.9/5
Service quality
4.2/5
Customer support
4.7/5
Borrower requirements
  • You must be 18+
  • Reside in the Ph and have a valid ID
  • Provide proof of your income
  • Have an active checking account
Optional
  • Bank account
  • Credit or Debit card
Contact information
Phone number: -
Shedule -
Mon
Tue
Wed
Thu
Fri

Cashmum stands out as a leading online lending platform in the Philippines, offering financial solutions through unsecured loans that are both swift and convenient. By simply providing a few legal identification documents, applicants can receive loan disbursements on the very same day, thus addressing urgent financial needs effectively.

Loan parameters
  • Loan amount
    5.000 - 20.000 PHP
  • Interest rate
    0.05% - 0.17% per day
  • Term
    91 - 365 days
  • Age
    21+
  • Application Processing Time
    2 to 24 hours

What is Cashmum Philippines?

CashMum Philippines, officially registered as Cashmum Lending Investors Corp., is a certified lending entity providing easily accessible financial options across the Philippines. Utilizing their website and mobile app, CashMum.ph, the service streamlines the loan application process. This platform enables users to efficiently manage their loan applications, from tracking status to submitting necessary documents. The approval process is quick, typically granting funds within a few hours.

As a trusted online lender, Cashmum Philippines adheres to all regulatory requirements, offering a user-friendly application that can be downloaded for free. Customers can access loans ranging from 5,000 to 20,000 pesos with flexible repayment terms up to 365 days.

Cashmum

Is Cashmum legit?

Indeed, CashMum is a legitimate financial provider in the Philippines, regulated by the Securities and Exchange Commission (SEC). This certification ensures that CashMum loans are a reliable and accessible financial solution for those in immediate need of monetary assistance.

Choosing the right financial institution is crucial, and it’s advisable to opt for a company recognized by the SEC. Cashmum not only meets these legal standards but is also officially registered with the SEC, reinforcing its credibility. Customers can verify this registration through the SEC’s official website.

  • Company Name: Cashmum Lending Investors Corp.
  • SEC Registration Number: CS202102336
  • Certificate of Authority Number: 3413

With Cashmum, borrowers in the Philippines have a dependable and transparent option for managing financial emergencies swiftly and securely.

How to Get a Loan in Cashmum?

Securing a loan with Cashmum is designed to be a straightforward and quick process to meet the urgent financial needs of borrowers:

  1. Visit the CashMum Loan Application Platform. Navigate to the official CashMum website or download the CashMum app from trusted sources.
  2. Complete the Application Form. Fill in the required personal and financial details accurately. This information is crucial for CashMum to evaluate your loan eligibility and the possible amount you can borrow.
  3. Submission and Review. After completing the application, submit it via the online platform. The CashMum team is dedicated to reviewing applications efficiently.
  4. Approval and Disbursement. Once your loan is approved, the funds are quickly disbursed directly to your bank account, ensuring you receive the financial support you need without unnecessary delay.
  5. Adherence to Terms and Conditions. It is important to thoroughly understand the terms and conditions of the CashMum loan agreement. Being well-informed about these details ensures a clear and beneficial relationship for both parties.
Cashmum

Cashmum Loan Interest Rates

Before opting for a Cashmum loan, it’s wise to consider the annual interest rate you will incur. Cashmum Philippines charges a standard annual interest rate of 18.25% on their loans.

To ensure you make a well-informed decision, here’s a detailed look at the interest rates for various types of loans offered by Cashmum:

  • Personal Loan: 1.5%
  • Business Loan: 2.0%
  • Education Loan: 1.75%
  • Medical Loan: 1.85%
  • Home Improvement Loan: 2.1%

For accurate estimates that cater to your specific financial needs, make use of the Cashmum Philippines calculator or check the rates directly via the Cashmum loan app.

Cashmum Loan Requirements

To successfully apply for a Cashmum loan, applicants must meet the following criteria:

  • Nationality: Must be a Filipino citizen.
  • Age Requirement: Between 20 and 60 years old.
  • Identification: A valid government-issued ID is required.
  • Banking: An active bank account must be in place.
  • Contact Information: A valid phone number is necessary.

How to Cancel Cashmum Loan

If you need to cancel your Cashmum loan, follow these steps:

  1. Contact Customer Support. Reach out to Cashmum’s customer support via phone, email, or live chat to communicate your desire to cancel the loan.
  2. Log In to Your Account. You can also log into your Cashmum account on their website or app to find cancellation options.
  3. Follow Instructions. Adhere to the instructions provided to complete the cancellation process. Be sure to comply with any specific requirements set by Cashmum.

These steps will help you effectively manage the cancellation of your Cashmum loan.

How to Increase Cashmum Loan

To potentially increase your loan limit with Cashmum, consider the following:

  • Maintain Good Repayment History. Ensure that all your repayments are made on time to demonstrate your financial reliability.
  • Check Eligibility. Regularly check your eligibility for an increased loan limit through the Cashmum loan app or website. Cashmum evaluates borrowers’ eligibility based on their financial behavior and current financial status.

Following these guidelines will help you understand how you might increase your loan limit with Cashmum, tailored to your evolving financial needs.

Pros
  • Competitive Interest Rates: Cashmum's interest rates are notably lower compared to many other lenders.
  • Fully Digital Process: The entire loan application process is online, eliminating the need for in-person meetings.
  • No Proof of Income Required: Applicants are not required to provide proof of income, simplifying the process.
  • Flexible Loan Packages: Cashmum offers adaptable loan packages that make it easier to manage repayment schedules.
  • Various Repayment Methods: Customers have the flexibility to choose a repayment method that best suits their financial situation.
  • Minimal Documentation: The application requires minimal paperwork; a valid ID is often sufficient to get started.
Cons
  • Additional Fees: Some transactions may incur extra charges.
  • High Late Payment Fees: Fees for late payments are significantly high.
  • Comparatively Higher Rates: Despite lower rates compared to other lenders, their rates are still higher than those offered by traditional banks.

Cashmum Repayment

Repaying your Cashmum loan is straightforward with several flexible options available:

  • Payment Centers: Options include 7-Eleven, Robinsons, SM Payment Center, Pawnshop Cebuana Lhuillier, Bayad Center, among others.
  • Direct Bank Transfer: Payments can be made directly to Cashmum’s bank account.
  • E-wallets: Use digital payment methods like Gcash, PayMaya, ECPay, Coins.ph for convenience.

Consequences of Unpaid CashMum Loan

Neglecting to repay a CashMum loan can have several significant repercussions:

  • Harassment from Collection Agencies: Those who default may encounter relentless pursuit by collection agencies. This includes frequent and intrusive calls, messages, and possibly personal visits, all aimed at recovering the owed amounts.
  • Online Lending Harassment in the Philippines: Defaulters might also face the widespread harassment tactics commonly employed by collection agencies within the country, which can add to the stress and difficulty of their financial situation.

Potential Charges for Non-Payment of CashMum Loan

Not fulfilling your repayment obligations for a CashMum loan can lead to the accumulation of various fees:

  • Late Payment Penalties and Processing Fees: Failing to meet repayment deadlines can trigger a range of additional charges including late payment penalties and escalated processing fees that can significantly increase the debt.
  • CashMum Processing Fee: It’s important to be aware of any processing fees that CashMum might impose on loan applications and transactions. Be sure to thoroughly review the terms and conditions to fully understand all potential charges involved.

CashMum Customer Support

CashMum offers multiple channels of support to assist with any queries or issues regarding your loan:

  • CashMum Philippines Hotline: For quick responses, the CashMum hotline is readily available. This line serves as a direct route to immediate assistance for any loan-related questions or concerns.
  • CashMum Branches: For those who prefer in-person service, visiting a CashMum branch allows for direct interaction with staff who can provide detailed advice on managing and repaying your loan effectively.
  • CashMum Head Office: For more complex inquiries, the CashMum head office is equipped to provide extensive customer service and support.
  • CashMum Office Hours: Be sure to know the operational hours of CashMum’s offices to ensure you reach out during the times they are available to help.

Additionally, CashMum offers a live chat feature on their website for those needing instant responses. This tool connects customers directly with service agents, offering prompt and efficient solutions to any issue, ensuring that every query is addressed swiftly.

Cashmum reviews

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Testimonials

Myrna Bautista
I use the services when I need money before payday. Polite managers will always offer the best loan for me. It is issued quickly and has no hidden surcharges.
Antonio Gonzales
I have heard many reviews about the company and only positive ones. Fast clearance, friendly staff. Permanent promotions and pleasant bonuses. If there is no time to come to the office, you can apply for a personal card through the mobile application.
Harold Beer
Friends advised me to apply to this company for a loan. I liked everything, the approval was quick, the receipt of funds on the same day.
Arlo Chavez
I filled out the loan app quickly, after 20 min I received a message that ₱7000 were approved. The first loan was interest-free. Settled with them, raised the limit. I like it!
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