Requirements for Loan
xerox of any valid ID like SSS, PRC, Passport or Drivers License or ATM Card.
*important* - A Member must at least have 2 new recruits to avail of the 1st loan. The Member must have at least 2 new recruits first to get the next loan and so with the succeeding loans.
Loan will also depend on availability of funds too.
If Member has no ID, the usual checking will be done to simply verify address. Member's business or employment background will not be asked. Member will need to get a Baranggay Clearance as well. A "proof of billing address" like Meralco, PLDT or Maynilad billing statements will be sufficient. If the Member is just renting the house or apartment, the member may ask for a certification from the landlord that he or she is a legitimate tenant or occupant of the house.note: There's no need to file a loan application. Your LOAN will AUTOMATICALLY BE RELEASED TO YOU after you have 2 recruits, whether through your ATM card or you may visit the office to get it personally. Loan payments may be deposited through the bank account of Global Money.Loan payments may be made on or before every 15th and 30th of the month.
Global Money has also added the service of BPI to support our payment transaction needs. Loan payments can be made in any BPI branch across the country. BPI doesn't charge any service fee or transaction fee in any deposit made in any branch across the country unlike other banks who usually charge P50 or P100.
Length of payment (2 months for 5K, 4 months for 10K and 10 months for 50K) will be upheld to protect the flow of loan releasing and ensure that all will have the chance to avail of the loans. You can pay the loan payments in advance but you will wait for the duration of the whole term to complete before you can file your next loan. You also need to recruit 2 new recruits to get the loan.
The sustained recruitment is part of the safety net. In case a Member defaults in the payment of the P50,000 loan, the succeeding income from the growth of the network under these 6 recruits (2 recruits for the 5K loan and 2 each for the 10K and 50K loans) will be forfeited in favor of the company to recover the loss.
Penalty for late payment will be adding the number of days as late to the pre-approved processing days (30 days for 1st loan, 7 days for the 2nd and succeeding loans). Example is that if the payment is late by 30 days, it will be added to the normal processing period of 7 days. So, the processing period for that Member's next loan will be, 7 + 30 = 37 days. No penalty charges will be imposed.
Keep all your payment receipts too for your protection and record-keeping.
For those who failed to pay their loans, they will be terminated from the Membership. The company will forfeit in favor of the company their income from their network growth to recover from the loss.
Reschedule of Loan Release - Since our loans are processed automatically once the member gets 2 new recruits and meets the other criteria, a Member may opt to reschedule the release of the next loan if he or she wants to or when the loan is not needed yet. This ensures that the loans are properly utilized and will enable the Member to properly manage it. The Member must inform the office about the reschedule of loan release.
The mission of the Global Money Unlimited is to rescue its Members from the enslavement of financial debt by giving them a business opportunity to earn enough to support their family well, so they wont need to borrow money anymore. The loans are designed to simply give the Members, while starting in this business, the needed jumpstart and fix their current liabilities or urgencies. The mission involves securing their family from the burden of a sudden heavy expenditure when a Member dies, through the life insurance benefit and the "Global Money Heart Fund".
xerox of any valid ID like SSS, PRC, Passport or Drivers License or ATM Card.
*important* - A Member must at least have 2 new recruits to avail of the 1st loan. The Member must have at least 2 new recruits first to get the next loan and so with the succeeding loans.
Loan will also depend on availability of funds too.
If Member has no ID, the usual checking will be done to simply verify address. Member's business or employment background will not be asked. Member will need to get a Baranggay Clearance as well. A "proof of billing address" like Meralco, PLDT or Maynilad billing statements will be sufficient. If the Member is just renting the house or apartment, the member may ask for a certification from the landlord that he or she is a legitimate tenant or occupant of the house.note: There's no need to file a loan application. Your LOAN will AUTOMATICALLY BE RELEASED TO YOU after you have 2 recruits, whether through your ATM card or you may visit the office to get it personally. Loan payments may be deposited through the bank account of Global Money.Loan payments may be made on or before every 15th and 30th of the month.
Global Money has also added the service of BPI to support our payment transaction needs. Loan payments can be made in any BPI branch across the country. BPI doesn't charge any service fee or transaction fee in any deposit made in any branch across the country unlike other banks who usually charge P50 or P100.
Length of payment (2 months for 5K, 4 months for 10K and 10 months for 50K) will be upheld to protect the flow of loan releasing and ensure that all will have the chance to avail of the loans. You can pay the loan payments in advance but you will wait for the duration of the whole term to complete before you can file your next loan. You also need to recruit 2 new recruits to get the loan.
The sustained recruitment is part of the safety net. In case a Member defaults in the payment of the P50,000 loan, the succeeding income from the growth of the network under these 6 recruits (2 recruits for the 5K loan and 2 each for the 10K and 50K loans) will be forfeited in favor of the company to recover the loss.
Penalty for late payment will be adding the number of days as late to the pre-approved processing days (30 days for 1st loan, 7 days for the 2nd and succeeding loans). Example is that if the payment is late by 30 days, it will be added to the normal processing period of 7 days. So, the processing period for that Member's next loan will be, 7 + 30 = 37 days. No penalty charges will be imposed.
Keep all your payment receipts too for your protection and record-keeping.
For those who failed to pay their loans, they will be terminated from the Membership. The company will forfeit in favor of the company their income from their network growth to recover from the loss.
Reschedule of Loan Release - Since our loans are processed automatically once the member gets 2 new recruits and meets the other criteria, a Member may opt to reschedule the release of the next loan if he or she wants to or when the loan is not needed yet. This ensures that the loans are properly utilized and will enable the Member to properly manage it. The Member must inform the office about the reschedule of loan release.
The mission of the Global Money Unlimited is to rescue its Members from the enslavement of financial debt by giving them a business opportunity to earn enough to support their family well, so they wont need to borrow money anymore. The loans are designed to simply give the Members, while starting in this business, the needed jumpstart and fix their current liabilities or urgencies. The mission involves securing their family from the burden of a sudden heavy expenditure when a Member dies, through the life insurance benefit and the "Global Money Heart Fund".