The BillEase Cash Loan, the much-requested, most awaited BillEase feature is finally here! How does it work and how can you avail it? Don’t worry because we’ve got you covered.
Ladies and gentlemen, ready the fireworks because we have just the perfect announcement for you.
Here in BillEase, we have a simple rule: you ask and we listen. So you can be sure that if you want something from us, say a new feature or a new promo, we’re going to do our darndest to deliver. So let’s start 2019 with a brand new feature that you all have been requesting and waiting for – are you ready?
Introducing the BillEase Cash Disbursal, a new feature that lets you withdraw your BillEase cashout limit into – wait for it – straight-up cash.
*cue fireworks display*
HOW IT WORKS:
Now we all know that all BillEase customers are given a credit limit upon joining BillEase. Up until this point, this is what customers use to avail affordable installment plans from our service.
This time, however, we turned a portion of your BillEase credit limit into a cashout limit, which you can withdraw as a cash loan via your preferred bank account or your trusty coins.ph account.
Sounds amazing, doesn’t it?
To get started, you will first need to set up your preferred cashout method.
SETTING UP YOUR CASHOUT METHOD.
Start by logging into your BillEase accounts.
In the ‘Settings’ tab, click the ‘Availment Methods’ and from there you should see all methods available to you such as Lazada Voucher, E-Wallet, and the new Cashout Loan. You should immediately see the ‘Manage Your Cashout Accounts’ option. Click it.
Here is where you will add your disbursal method. This will be where your money will go every time you avail of the BillEase cash loan. Click the + button and a form will pop out. Fill out the form completely and accurately.
Now it’s time to verify your newly added disbursal method. Once you’re back to ‘Manage Your Cashout Accounts’, click the ‘Verify’ button next to your enrolled disbursal method. Upon clicking the verify button, an OTP will be sent to your primary phone number – make sure you’ve already set it up to your active phone number!
And now that you’ve successfully setup your cashout method, you can now start availing the BillEase Cash Loan!
AVAILING A BILLEASE CASH LOAN
Availing the BillEase Cash Loan is very easy! Just follow the steps below.
Again, login to your BillEase account. In the ‘Installments’ tab, you will notice the addition of the cashout limit. This is what you will be using for the BillEase Cash loan.
Click ‘Avail Now’ and you will see the familiar sliders. But below it is a new addition – a dropdown menu that includes all our availment methods, including the newly enrolled disbursal method for the BillEase Cash Loan.
Choose your preferred availment method and click ‘Claim Now’. You will be asked to confirm your loan details and review your contract before digitally signing it via an OTP which will be sent to your primary phone number.
Your loan will then be processed. This may take a few minutes so please be patient!
I ALREADY HAVE A PROCESSED REQUEST. WHAT’S NEXT?
Great! Congratulations! Please see our cash disbursal schedule below:
Banking Day, before 10 AM
Banking Day, after 10 AM
Estimated Time of Arrival
Same Banking Day
Next Banking Day
And while we’re at it, here are some useful reminders:
- You can enroll as many disbursal methods as you want. Got five active bank accounts? Go enroll them all in BillEase if it makes the process more convenient for you!
- You can even enroll bank accounts that are not under your name. Want to enroll your spouse’s or your parents’ bank accounts? Go ahead! (With their permission, of course).
- All cashout requests are considered final and as good as cash.
- A minimal fee of ₱20 will be charged for Billease Cash Loans via bank cashouts.
How do you feel about the BillEase Cash Loan feature? Please let us know as we’d love to have feedback from you.
And as always, Happy Shopping!