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.
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.
Submit the following documents:
*Please note that supporting documents may be required
You will receive a call from our loan officers to verify and process your loan applications.
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:
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.
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.
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.
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.
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.
Your loan payments will be made via salary deductions with careful monitoring of your HR team.
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.
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.
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.
Yes. Uploan is registered with the Security and Exchange Commission (SEC) and is a licensed salary lending company.
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.
We can disburse funds from any local banks in the Philippines.
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.
Yes. The employee will provide a signature upon applying and their employer can access them by logging in to the provided Employer Dashboard.
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:
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.