A Partnership for Financial Inclusion
Rizal Commercial Banking Corporation (RCBC) and the top finance app, GCash, have teamed up to revolutionize lending in the Philippines. This partnership aims to help Filipinos in low-income and remote areas who struggle to access traditional loans due to outdated credit scoring systems.
Introducing Pasado Loans
RCBC’s Pasado Loans is a 24/7 loan service that requires no collateral, offering quick and easy access to funds. Applications are processed through the innovative Pasado Loan Engine, providing decisions in just seconds.
Loan amounts range from ₱30,000 to ₱500,000, with funds directly disbursed to the borrower’s RCBC DiskarTech account upon approval. Payments can be automated through an auto-debit arrangement, ensuring ease and convenience.
GCash Makes Loans More Accessible
By integrating Pasado Loans into the GCash app, millions of Filipinos now have an easier way to apply for financial assistance. This seamless process empowers users to manage applications anytime, anywhere, helping those who have previously been underserved by formal banking institutions.
Empowering Filipinos, Transforming Lives
GCash CEO Tony Isidro emphasized the importance of this partnership:
“GCash is dedicated to transforming the financial landscape in the Philippines. With RCBC, we’re not just offering loans; we’re opening doors to new opportunities for countless Filipinos.”
Reaching More Filipinos
This collaboration is set to impact individuals and communities, driving financial empowerment by combining RCBC’s innovative products and GCash’s extensive reach. Together, they aim to make financial services inclusive and accessible to all.
Disclaimer: This article is based on official reports and is intended to provide clear, humanized, and accurate information.
