Applying for a loan can be a stressful experience, but at XLKash, we've designed our system to be as transparent as possible. Our smart risk control system evaluates several factors to determine eligibility and loan limits. Here are some key ways you can increase your chances of a successful application:
1. Provide Accurate Information
The most common reason for application rejection is inconsistent or inaccurate information. Double-check your full name, birth date, and contact details before submitting. Ensure that the information in the app matches your government-issued ID perfectly.
2. Maintain a Steady Income
Our system prioritizes users with a consistent income stream. Whether you are an office worker, a freelancer, or a small business owner, providing proof of regular earnings (like recent bank statements or e-wallet transaction history) will significantly boost your credit score.
3. Build Your Credit History
If you are a new user, you might start with a smaller limit. Repaying your first few loans on time is the single best way to build trust. As you demonstrate reliability, our system automatically increases your credit limit up to ₱60,000.