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Who needs cash? Let's join @Read.Cash and noise.cash!

Well I can't think of a proper intro for this, I apologize. I just want to share a notification I got from my Shopee account.

Some of use love online shopping right?Sometimes we run out of money or we needed to buy something for an emergency but we don't have money. I know that budgeting is crucial especially for families who are just trying to make ends meet everyday, every week or every month. If all else fails, we tend to borrow money from someone close or a family member and pay them back once we can.

How about we have no one to turn to or borrow money from? That's where cash loans comes in.

Personally, I don't want to engage in any loan activities because I know that I am not able to pay it back on time and I will not have enough money to spend for my every day expenses.

SLoan

Anyway, I just want to share a notification I received from Shopee a few days ago.

I was shocked that Shopee has this feature now. (Lakas na naman makabudol ano)

To think that they already have an SpayLater payment option where in you can pay for your order in a form of loan from Shopee. Like any other loan offers, SPayLater has interest too.

I can't deny that sometimes I also use SPayLater payment option IF AND ONLY IF, my husband is busy to send money and I needed to purchase something that I needed sooner. Take note that only use this option if the amount just around 500 pesos or less. The higher the amount, the more interest of course that's why I limit using SPayLater.

Why give me an SLoan option?

I think I've mentioned in my other articles that ShopeePay can already already be used in other stores like Puregold as one form of payment. It was just great to see this option because some of us cash in Shopeepay and end up spending a little bit less than what we expected. So there's a little change or a little amount stuck in our ShopeePay that we can use on our next Shopee purchase. Plus other banks or mode of online payment in Shopee may have a charge when you cash in.

By the way, I have a limit of 27,000 pesos on SPayLater. It started off as 7,000 pesos as far as I can remember and I think that I have a good credit and payment details, they increased it over time. Perhaps having a somehow good credit Shopee entitled some users for SLoan.

Thanks for the offer! I know for myself that I won't be using it and my husband won't allow me to but I'd still like to give it a try and we might need it for emergency purposes.

SLoan Application Activation

I still would like to see if my account will be approved and eligible to get the offer.

Let me share how I activated mine.

• Clicked on the Sloan notification or went to my profile

• Verify my contact info

• Verified my ID - the info was already saved maybe because the same it was the same info I used when I activated my ShopeePay

• Complete the additional information needed - some information here are already saved based on my account so I only needed fill out the employment, level of education and monthly income range

• Facial Verification - just like any other bank or cash loan apps do. This is the last step.

• Wait for the approval and activation. - mine was approved and activated after 2 days from submitting the request.

I have to resubmit or redo the activation a few times because it got rejected. For some reason I don't know. Maybe because I put UMEMPLOYED or because of the facial recognition scan, lighting must be crucial hahaha. I took the facial recognition when I was lying down and while the lights are off in our room, so it could be it.

As far as I can remember, I submitted it 2 times before it got activated and as you can see I have a credit limit of 10,000 pesos.

I still don't intend to use it unless for emergency purposes because aside that you can use it to pay in other stores, it's a cash loan where in you can withdraw the funds and send it to your e-wallet or bank account for an actual cash.

Now let's check our interest rate.

Yes, my eyes went from this 😶 to this 😱. Take note that the interest rate will be charged per month, same goes with the loan fee protection. WHEW! Seeing that made me realized that I shouldn't have activated it. Char! But again I will only use this for back up SUPER DUPER EMERGENCY purposes only.

Here's the fees charged by the way:

Come to think of it, I am still proud of myself that I don't get to just spend for things that I think I need or want.

All I can suggest is spend you money wisely according to your lifestyle. As for me, I am a very low maintenance person who would only spend for Lil B's needs and food.

Here I am trying to catch up. Don't forget me pips! I am still here and back for more shizness in life char!