How do I apply for a salary loan?

Once we get into a partnership with your company, all you need to do is sign up as a Borrower on our website to apply for a salary loan. You will be asked to submit the required IDs and documents. Once completed, our loan officers will call you for processing.

How would I know if I'm eligible to apply for a loan?

We would need to be in a partnership with your company for us to provide you and your colleagues with salary loans and other employee benefits.

What are the requirements?

Submit the following documents:

  • Valid Government ID with 3 specimen signatures
  • Company ID (Front and Back copy)
  • 2 Latest Payslips

*Please note that supporting documents may be required

You will receive a call from our loan officers to verify and process your loan applications.

What are the other supporting documents and secondary IDs that may be required?

In case of expired primary IDs, missing information or lacking documents, these are the accepted supporting documents that we require in applying for a loan:

Supporting documents:

  • PSA Birth Certificate
  • Barangay Certificate w/ picture
  • Marriage Certificate
  • Police Clearance
  • NBI Clearance

Primary IDs:

  • Passport
  • Voter’s ID
  • Driver’s License
  • UMID Card
  • SSS ID
  • PRC ID with back copy

Secondary IDs:

  • PhilHealth ID
  • TIN ID
  • Postal ID
  • Barangay ID with back copy
  • PWD ID with back copy
  • Integrated Bar of the Philippines ID

How much is the initial loan?

Your loan amount varies depending on your credit score, tenure with the company, and will be based on your monthly basic salary as long as within prescribed take home pay.

How much is the interest?

We use a risk-based credit scoring system to assign interest rates on an individual basis. Therefore, individuals with different profiles and credit histories will have varying results and interest rates. We offer the lowest monthly interest rate of 0.5% depending on the profile and credit history of the borrower.

How can I get a lower interest rate when I apply for a loan with Uploan?

The fastest way to lower your interest rates with Uploan is to repay fully and consistently with your loans with us. By doing so, you will be able to establish a good credit history that is beneficial for your other financial transactions in the future. It is also our goal to help you build and improve a good credit score.

Uploan is accredited and monitored by government bodies especially the Credit Information Corporation.

How long does it usually take to disburse the funds?

With complete requirements and approved loan application, you will receive your funds within 24 hours through your nominated bank account.

However, according to AMLA or Anti-Money Laundering Act, if the funds are greater than 50,000 pesos, there will be additional working days that will be based on your nominated bank account before it can be approved.

For any issues with bank transfers, you may kindly contact us again for assistance.

How will I know if I am eligible for refinancing?

Once you have repaid more than half of your existing loan with us, you can have our loan officers check your eligibility for refinancing. Additionally, as our partner, you may check your eligibility for refinancing at the Borrower Dashboard as there will appear a refinancing button once you have repaid half of your loan amount.

How do I pay back the loan?

Your loan payments will be made via salary deductions with careful monitoring of your HR team.

Can I apply for a new loan even when I have an existing one?

Once you are pre-qualified for refinancing, you will get a notification that you can now re-apply for a new loan. Our loan officers are more than willing to help you check your eligibility and discuss refinancing terms with you.

How do you calculate my loan interest rate?

We based your loan interest rate depending on your credit history, personal profile and company policy. As long as you maintain a good credit history and profile, you can get lower and better rates to pay back your loan. To know more, you can calculate here.

About Uploan

Uploan is an innovative fintech company operating in the Philippines that provides secure, reliable, affordable, and convenient “Salary Loan” solutions to hardworking employees of our partner companies.

Is Uploan registered with the SEC?

Yes. Uploan is registered with the Security and Exchange Commission (SEC) and is a licensed salary lending company.

How can we become a partner?

We make sure that getting accredited as a partner is a breeze. Our Account Manager will set up a meeting to present our services in detail and answer any questions you may have of our process. You can go to this link to know more about our partnership and fill out the form if you’re ready.

What banks are accredited in the disbursing of funds?

We can disburse funds from any local banks in the Philippines.

Is there any liability on our side if an employee leaves or resigns?

There will be no responsibility for the company should the employee leaves or resigns, considering that Uploan does not charge employers. Although it is up to us to agree on the repayment if an employee has a remaining loan balance with us.

Do we have the authorization to deduct from the employee’s salary?

Yes. The employee will provide a signature upon applying and their employer can access them by logging in to the provided Employer Dashboard.

What are the benefits for me as an employer to choose Uploan?

We build a relationship more than just talking business with our partners. Similar to how we care about your employees, we help you create a seamless process to help you improve your employees’ financial wellness. This means:

  • No cost and liability to you
  • Hassle-free payroll process
  • No over-indebted employees
  • Interest rates lower than credit card rates
  • Dedicated relationship manager to guide you with our seamless and 100% digital process
  • Your own Employer Dashboard to monitor your employee’s loan application
  • Provide Financial Wellness Seminar for your employees

How can I guarantee the privacy and security of the information that I provided?

We only ask for personal information needed to process your loan.

The information we collect from you shall be used primarily for necessary purposes only including identification and marketing purposes.

Uploan is compliant with the Data Privacy Act of 2012 and is strongly committed to protect information.

Read more about our privacy policy here: https://uploan.ph/privacy-policy/

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