CashSpace Philippines Legit?
Cashspace is an online marketplace for personal loans that aims to connect borrowers in the Philippines with online lenders. The platform partners with various online lending applications such as Digido, MoneyCat, Online Loans Pilipinas, and Finbro.ph. Cashspace acts as an intermediary between borrowers and licensed financial institutions, allowing borrowers to find loans without a credit check. The application process is streamlined, and borrowers can receive the loan directly into their bank account, with no minimum credit score requirement and no origination fee.
The interest rate charged on the principal amount will depend on the online lender that the borrower is connected to. Cashspace can help borrowers obtain loans ranging from PHP1,000 to PHP25,000, and the loan amount and repayment terms will depend on the lender’s policies. Borrowers must be of legal age, Filipino citizens, and have a valid government-issued ID and a stable source of income to apply for a loan.
Cashspace is a legitimate company owned and operated by Fininity Ltd, a registered business in Estonia. However, the company is not a financial institution and is not required to be listed with the Philippine Securities and Exchange Commission (SEC). Cashspace’s website streamlines the loan application process and partners with established online lending platforms and fintech companies, ensuring that borrowers are not taken advantage of by unreliable lenders with questionable business practices.
To apply for a loan through Cashspace, borrowers must fill out an online form that asks for personal details and other pertinent information relating to their loan needs. The requirements may vary depending on the online lender chosen from the list provided by Cashspace. The payment channels will depend on the chosen lender, but typically, online lenders accept payments through online payments, mobile banks, e-wallets, payment centers, and over-the-counter banks.
Cashspace does not have a hotline, but borrowers can access its website https://cashspace.ph to fill out the application form online. There is no Cash Space loan app to download, but the platform’s website is optimized for mobile devices, allowing borrowers to apply for a loan using their phones.
If a borrower misses a payment, they may be charged an overdue fee, additional interest, or other fees. Collection agents may also bombard borrowers with calls and reminders, which can be stressful and affect their mental health. In summary, Cashspace offers a convenient platform for borrowers to access personal loans quickly and easily, but borrowers must ensure that they can meet the loan’s repayment terms to avoid additional charges and fees.
In conclusion, Cash Space is a legitimate online marketplace that connects borrowers to various licensed financial institutions in the Philippines. By streamlining the loan application process and partnering with reputable online lenders, Cash Space provides an efficient and safe way for Filipinos to access quick cash loans without the need for a credit check or a minimum credit score requirement. However, it’s essential to keep in mind that the interest rates and requirements may vary depending on the lender you choose. Additionally, missing a payment can lead to additional fees and charges that can make it more challenging to pay off your loan. Overall, Cash Space can be a useful tool for those in need of quick cash loans, but it’s important to approach borrowing with caution and a clear understanding of the terms and conditions.
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