CashMate - Checking out “Fees” in Loaning Apps so you don’t have to
If you're going to loan in CashMate, they will only allow you to have a borrowing cycle of 7 days (Parang halos lahat ng partner ni Mocasa, ganto ang case)
Here are their "fees":
If you're going to ask for a loan of 3,000 Php, they will deduct the following:
378.00 Php for Credit Assessment Fee
504 Php for Platform Service Fee
378 Php for Account Management Fee
50 Php for Withdrawal Service Fee
0 Php Interest (This is where they get you. They will claim that they offer no interest, pero binabawi sa ibang "fees" nila)
In total, babawasan nila kayo ng 1,310 Php and you will only receive 1,690 Php from your 3,000 Php loan. Pero need nyo bayaran yung full na 3000 Php by the end of your borrowing cycle
NOT WORTH IT!
Careful everyone!