Paying with Installments through GGives

I was in the drugstore looking to pay for my purchases via GCash when I saw a new QR design. And it mentioned paying via GGives or via GCredit. As GCash is notoriously secretive when it comes to releasing new features, I gathered all of the new information I could find.

Sorry, I took this over a plastic barrier hence the low quality

What is GGives?

GGives is a product that allows you to pay in installments, with different interest plans depending on how many months you’re planning to pay for it.

Here are the details:

  • Availment – one single transaction only; once availed, you need to pay it off first before availing of another
  • Loan amount – Php 5000 – Php 30000
  • Installment duration – 3, 6 or 12 months
  • Interest rate – 0 – 4.99% per month depending on duration
  • Downpayment / installment fee – None currently
  • Penalty fee – Php 100 + 0.15% daily of outstanding principal balance
  • Supported payment methods – Static scan-to-pay only

What’s the difference between GCredit and GGives?

We are all familiar with the GCredit method of payment, you can pay off your purchases in one go by borrowing the full amount. GGives allow you to stagger and stretch the payments in 3, 6, or 12 months. GCredit can also be used as long as you still have a credit balance, GGives can only be used one at a time.

Currently, GCredit can be used with all scan-to-pay QR payments and online payments. GGives is only for static QR scan-to-pay in the meantime.

What’s the difference between GLoan and GGives?

GLoan allows you to take a cash loan which you can withdraw using your GCash Mastercard at your ATM. You can use this with any purchase you may need.

Does GGives work with other payment methods?

GGives is tied with static QR scan-to-pay purchases only. Online web pay, dynamic QR scan-to-pay, and generate QR scan-to-pay are not included at the moment.

Does GGives work with all static QR scan-to-pay merchants?

No, it is only supported on selected merchants.

How can I register my GGives?

You need to be eligible first, meaning you need to be fully verified and have a high enough GScore. Basically, if you are eligible in GLoan, you should also be eligible in GGives.

Here are the steps to avail:

  1. In the app main page, click on View All GCash Services.
  2. Scroll down and under Financial Services, click on GGives.
  3. Register your account by reviewing your personal information. Most of these are already filled up due to you being fully verified.
  4. Once registration is done, you will be able to see the change in the GGives screen. You will also be receiving an SMS.

How do I use my GGives?

Once activated, you can now use it as a payment method. Take note that currently this is only supported in QR or scan-to-pay merchants, not including generate QR merchants.

You just need to scan the QR as normal and select GGives under the payment method. Select the installment option you want and confirm the details of the loan. Once confirmed, the payment will succeed.

Why are there no downpayment and processing fees?

There are no fees as this is an ongoing promo for GGives, eventually, there would be fees included.

How do I see my outstanding balance on my GGives?

You can take a look at this helpful image, courtesy of the GCash Help Center:

There is also an amortization schedule emailed to you after you’ve paid with GGives. You can refer to that to track your monthly dues.

How do I pay for my GGives?

You just need to click on the GGives button from inside the app and click on “Pay for GGives”. You can choose to pay the whole amount due, and half of due. Take note though that the due date is still the same — it’s one month after you’ve done your purchase.

Are there any late fees when I fail to pay on time?

The penalty is a fixed fee of Php 100, and 0.15% of the daily outstanding principal balance (the remaining loan amount, including the interest due). That means that the more you’ve paid your loan, the lower your late fees are.

Additionally, the 0.15% charge is incurred every unpaid day after your due date.

Can I avail of another GGives while currently paying for one?

You can only pay for one GGives at a time, I recommend you buy everything you need from the merchant you are planning to use your GGives. After you’ve fully paid your GGives, you can apply for another.

In other words, you can also pay for your loan early and avail of another GGives installment plan.

Other Questions

Do I have a cashback if I paid my dues early?

Yes, you will be receiving the refunds from the interest that weren’t used when you paid early. For example — if you availed of 12 months installment, but you fully paid during the 3rd month, then the remaining interest charges of the 6 months will be refunded to you.

Why is GGives unavailable for me?

You need to check if you’re fully verified, and your GScore is at a high enough level. You also can only avail of GGives on a single account (in case of having multiple accounts). Generally, if you can avail of a GLoan, you can also avail of GGives.

Summary

We talked about how we can avail of installment plans for static QR scan-to-pay purchases using GGives. This can be availed only one at a time per merchant. You can avail of this once you have a high enough GScore.

If you’d like to learn more about GCash, I created a how-to on the basics of GCash.

Here is a list of links if you’re interested in the main GCash features:

If you are also interested in knowing what resources I used to make this blog happen, please look at my resources page.

How do you like the tutorial? Did I miss anything? Please add your comments and suggestions below!

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