Maya GLoan and GCash GLoan are the two most popular no-payslip instant loan options in the Philippines. Both are SEC registered, both approve in minutes — but their fees, limits, and approval criteria are significantly different. Here is the complete comparison.
- →Maya GLoan offers higher limits (up to ₱80,000) vs GCash GLoan (up to ₱50,000)
- →GCash GLoan has faster approval but relies entirely on your GScore
- →Maya GLoan APR starts at 36% annually; GCash GLoan starts at 42% annually
- →Maya GLoan Risk Score: 74/100 vs GCash GLoan: 71/100
- →Both apps require 6+ months of active wallet transaction history for best rates
Maya GLoan vs GCash GLoan: Side-by-Side Comparison
Here is the complete comparison of all key factors between the two apps.
| Factor | Maya GLoan | GCash GLoan |
|---|---|---|
| Risk Score | 74/100 | 71/100 |
| Max Loan Amount | ₱80,000 | ₱50,000 |
| Min Loan Amount | ₱500 | ₱1,000 |
| Real APR (starting) | 36% per year | 42% per year |
| Monthly Interest Rate | 3% per month | 3.5% per month |
| Loan Term | 1 – 12 months | 1 – 12 months |
| Approval Speed | 1 – 24 hours | Instant (seconds) |
| Payslip Required | No | No |
| Bank Account Required | No (Maya wallet) | No (GCash wallet) |
| SEC Registration | Yes (Voyager Innovations) | Yes (Mynt/Globe Fintech) |
| NPC Registration | Yes | Yes |
| Prepayment Penalty | None | None |
| Credit Limit Reset | Monthly (dynamic) | Weekly (GScore-based) |
Maya GLoan: Detailed Review
Maya GLoan (formerly PayMaya) is offered through Voyager Innovations, Inc., which holds an SEC registration and BSP e-money license. Your credit limit is determined by your Maya wallet transaction volume and history. The more you use Maya for payments, bills, and savings, the higher your potential loan limit.
- Eligibility: Active Maya account (6+ months recommended), Filipino citizen, 18 years old+
- Loan assessment: Based on Maya wallet usage history, not income documents
- Disbursement: Instant to Maya wallet upon approval
- Interest: 3% per month = 36% APR. A ₱10,000 loan for 3 months costs ₱10,900 total
- No hidden fees: No processing fee, service fee, or early repayment penalty
- Risk Note: APR appears higher if you borrow for very short terms (1-2 weeks equivalent)
GCash GLoan: Detailed Review
GCash GLoan is powered by Fuse Lending (a subsidiary of Mynt/Globe Fintech). Your loan eligibility and limit are entirely determined by your GScore — a proprietary credit score based on your GCash usage, GInvest activity, and transaction history. A higher GScore means a higher loan limit and potentially better rates.
- Eligibility: GScore 40+ (check in GCash app under Profile), fully verified account
- Loan assessment: GScore algorithm — improves with regular GCash usage and payments
- Disbursement: Instant to GCash wallet (usually under 30 seconds)
- Interest: Ranges from 3.5% to 5% per month depending on GScore and term
- Processing fee: ₱100–₱300 for some users (not always disclosed upfront)
- Risk Note: Late payment damages your GScore significantly, reducing future limits
Which Should You Choose?
The right choice depends on your situation.
- ✓Choose Maya GLoan if: You need a larger amount (₱50,000–₱80,000) or want lower monthly interest starting at 3%
- ✓Choose GCash GLoan if: You need money instantly (seconds, not hours) and have a strong GScore above 60
- ✓Avoid both if: You need more than ₱80,000 — consider Tonik Bank or UnionBank at much lower APR
- ✓Consider alternatives if: You have a payslip and can qualify for a bank loan — APRs drop to 15-24% annually
Frequently Asked Questions
Ready to Compare All Loan Apps?
See Risk Scores, real APR, and hidden fees for 30+ Philippine loan apps — side by side.
Disclaimer: ClearLoan PH provides financial information for comparison purposes only. We are not a lender, bank, or financial advisor. APR figures, Risk Scores, and SEC registration status are verified at the time of publication but may change. Always verify directly with the lender before applying. Some links on this page may be affiliate links.
