As an employee we’re all often guilty of running out of cash on our finances from time to time regardless of income. We often search for how to get quick credit to meet our emergency till the next payday
Land bank of the Philippines has unveil electronic Salary Loan (eSL) an instant digital loan product which is targeted at salary earners who meet the Bank’s Risk Acceptance Criteria (RAC).The loan is offers to eligible employees of government agencies and private institutions with a facility to apply for salary advance.
Though before you can apply for this facility,your salary account must domicile with the bank and active for at least for some months. Borrowers may avail of loans of up to P1 million with a fixed competitive interest rate per month, which is much less than that offered by other lending institutions.
The loan can be use for urgent needs like, Wedding, Travel tour, medical bills and other emergency. The amortization is on monthly basic for the tenor of the loan
Borrower can carry out loan application via electronic banking channels such as the Mobile Banking Application (MBA) and receive notifications through SMS or email.
Land bank also offers Business Loans for business owners as additional capital, production increase, or operational expansion. Their housing loans is second to None when compare to other financial intitution in philippines and Loans to Farmers & Fishers.
How to apply
To apply for Land bank of the Philippines electronic Salary Loan (eSL) kindly visit any on closest bank for further information and application process.