How’s salary loan can help you?

Aug 7, 2020

Living in this modern world is one great challenge. You never know what life can bring, but you should always be ready about whatever comes ahead. However, sometimes, surprises still come our way no matter how much we try to be ready. So, there’s really no denying that applying for a loan is an inevitable event in life.

Now, let’s talk about salary loans. If you belong to the country’s strongest lifeline, the Filipino workforce, you have probably heard this term at least once or twice in your working life. You can consider applying for a salary loan when there’s a sudden huge expense that a single paycheck won’t be able to meet.

But, wait! Before you jump in to any financial decision, you must first get educated about what your options are. If you are looking into acquiring salary loans, read through this quick informational piece so that you can make smarter and better decisions.

What is a Salary Loan?

According to the Bangko Sentral ng Pilipinas, you can define Salary Loan as an unsecured loan that is made available for employees for any purpose of consumption. This means that a borrower can make use of the amount they acquire for education, travel, household expense, medical, emergency, calamity, and other various personal reasons.

This loan is available for people who are regularly employed and constantly receive their compensation, whether it is through sales, pension, or salary. For their loan repayment, they are either deducted through their payroll or from their nominated deposit account.

For the common Pinoy, we tend to think about government agencies like SSS, GSIS, or PAG-IBIG, when we hear the term salary loan. However, there are different lending companies, like the P2P platform, that can help you apply for a salary loan.

How A Salary Loan Works

In the Philippines alone, there are several ways for a salary loan to go about. The terms are dependent on where you are processing the loan – it may be the government, a banking institution, and other financing companies.

Simply put, the loanable amount is dictated by how much the borrower receives per month. Of course, there is also an interest rate involved, and that is influenced by various factors, as well. The repayment scheme also varies from each borrower, with a duration ranging from 12 months to 36 months.

Here at, we also offer a salary loan to help working-class Filipinos have an access to a credit line to support their immediate financial needs. However, at the present, only provides this option to employees of our company clients.

So, how does this work?

If your company belongs to’s roster of partner companies, you gain an exclusive access to a credit line that is equivalent to your 1 month salary. At a very low rate of 3% interest per month and payment terms of 1 to 6 months, you can get the funds you need at a very quick processing time of 24 to 48 hours.

What do you have to do?

To start, you should register for a borrower account here at After signing up, you can proceed with the application process. Then, you have to upload copies of your requirements for eligibility qualification. requires the following documents: company ID, latest payslip, certificate of employment, 2 valid government IDs, and a proof of billing.

After that, allow’s team of experts to validate these documents for about 24 to 48 hours if you provided the complete requirement list. It will take a little longer if you lack the needed documents.

Then, once you received the notification of approval, will connect you to our active pool of lenders where you will get your funding. Since this is a P2P platform, our investors will fund your loans and you will also receive a notification once the fund transfer is complete.

How A Salary Loan Can Help Employees

Every person has an immediate expense that are in need of funding. It can be for a medical concern, emergencies, repair, school, business, or travel. For some, they might think that it’s something simple. But, these things can change the lives of many people and give them the urgent relief when they needed it.

To cement that fact, we have here a person who was approved for a salary loan and how this amount has her helped her life. Ms. Rona De Dios took the chance to acquire a salary loan as she works in one of our partner companies. She was able to use this money to purchase her medication and help her reach optimum health.

As you can see from her feedback, acquiring a salary loan allows a quick and easy application process. You don’t even have to leave the comforts of your home – as long as you have a stable internet connection, you can create and access your profile. Repayment will not also make you suffer a big burden – the payments will just be automatically deducted from your salary!

Try Out Applying For A Salary Loan

Imagine how amazing this can be. If you are someone who has been putting off an expense or a purchase because you don’t have the available resources, this is the perfect vehicle for you. Especially now in the time of quarantine, you have to transition to a work-from-home set up and the young ones have to be prepared for online classes, you have to shell out some money to adapt well to the new normal.

If you are working with one of our partner companies, you should really grab the chance and apply for a salary loan today!

Other Loan Options Available for Borrowers

As you may have noticed, the salary loan is not yet accessible for all. You must work with one of our partner companies to try this out. However, we offer several other loan options and the odds are really high that you’ll find one for you.

The types of loans that you can apply for are:

  1. Personal Loan – Depending on our assessment, you can get access to 50,000 pesos up to 2 million pesos with interest rates varying on three different categories. Whether you are looking into funding a dream business venture, improving your home, or securing education for you or your family, this is the perfect loan type to pursue.
  2. Fast Loan – If you have a short-term goal that is in need of immediate funding, you can try out for’s Fast Loan. Varying from 10,000 to 40,000 pesos, can help you get the amount you need within a quick 48-hour time frame.
  3. Seafarer Loan – Seafarers cover a large chunk of the Filipino working class. has organized this program to help them generate funds for their expenses before they board the ship, or for an additional fund for their family.
  4. Franchise Loan – Filipinos are well-known for their creativity and thinking of ways to make life easier. If you are someone who has the entrepreneurial spirit,’s franchise loan will help you get the funding you need to launch the business you’ve been dreaming of. You can acquire funds ranging from 50,000 pesos to 2,000,000 pesos depending on the assessment.

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We want to help Filipinos turn their dreams into reality. For your financial targets, let help you. We can match you to our different loan categories to meet your needs. Start your lending journey by signing up as a borrower now.