An instantaneous money facility that prepares workers for the unexpected — anytime, anywhere.
What exactly is Salary Advance?
Salary Advance is that loan system that enables workers to advance on the next income into the quickest & most convenient way feasible.
Simply by delivering an SMS, loan profits will likely to be credited with their account within ten full minutes. As soon as it is into the payroll account, the consumer can withdraw the funds through any ATM. Salary Advance is just accessible to workers whoever organizations are Salary Advance-Accredited.
Loan Amount P5,000 to P30,000
Get Accredited: Company
- Make contact with the protection Bank group.
- Submit the documents that are required certification.
- Wait for processing and testing of the application (3-4 days).
- Have actually the MOA signed and submit documentary that is post-approval.
- Upon approval, we shall setup a booth at your workplace to simply take your employee’s applications.
Get Enrolled: Employee
- Entirely fill-out and sign the Credit Agreement Form.
- Submit the shape alongside the documentary demands.
- Wait for formal SMS alert with your enrollment confimation and borrowing limit.
Certification
I will be a boss
Prepare your employees for the unforeseen. Provide them with use of the fastest & most convenient wage advance system.
I will be a worker
If for example the business doesn’t provide Salary Advance, question them to obtain accredited. Fill in the kind and we’ll go on it after that.
Eligibility
- At the least 21 years of age and should not be a lot more than 65 yrs . old upon loan readiness
- Employee of Salary Advance- Accredited Business
- Filipino / Foreigners/Expats provided term of loan will be co-terminus with agreement and/or amount of visa’s legitimacy
- Bank will maybe not perform any checking of work status (regular/permanent) or tenure. Rather, debtor should have at the very least 6 months’ worth of payroll credits
- Registered company within the Philippines
- At the least 100 employees that
are eligible - Payroll customer of Protection Bank
Needs
- Completely accomplished Credit Agreement Form
- One Main ID or 2 Additional IDs
- Should have a mobile quantity and landline
- With declared 2 reference people with corresponding email address through the signing of credit contract
- Memorandum of Agreement (MOA)
- Secretary Certificate or Board Resolution reflecting authorized signatories regarding the business
Faq’s
What exactly is Salary Advance (SALAD)? It really is a loan system created and provided by safety Bank which allows workers to advance to their next salary within the quickest & most convenient way feasible.
Crucial note: this isn’t a worker benefit however a scheduled system of safety bank to pick payroll customers.
Who are able to avail? Salary Advance is just offered to workers whoever organizations are Salary Advance-Accredited.
Ways to get accredited? Companies gets in contact with the protection Bank group for certification, and submit the mandatory papers for certification.
That is qualified to avail of SALAD? Minimum requirements:
- active worker with regular/permanent status of employment
- With typical web payroll that is monthly for the past six months of at the least:
Non-BPO BPO Php 10,000.00 for first loan availment Php 20,000.00 for 1st – 4th loan availment Php 5,000.00 for perform clients Php 15,000.00 for fifth loan availment onwards - without any adverse findings
Have always been we immediately enrolled and/or approved to avail the Salary Advance? No. There is certainly an eligibility requirement to Salary that is avail Advance. The minimal needs are:
- active worker with regular/permanent status of work
- With typical net month-to-month payroll credits during the last six months with a minimum of:
Non-BPO BPO Php 10,000.00 for first loan availment Php 20,000.00 for first – 4th loan availment Php 5,000.00 for perform clients Php 15,000.00 for fifth loan availment onwards - without any adverse findings
*Applications with discrepancies on account details: name/ employee quantity, payroll account quantity, duplicate mobile numbers will be placed on hold for further verification. A Bank’s representative will phone you for extra verification and directions.
I’m a newly employed employee and also have submitted the Credit Agreement Form (CAF), may I currently avail Salary Advance? You might just avail Salary Advance for those who have an employment status that is regular/permanent. Listed below are the requirements that are minimum
- active worker with regular/permanent status of work
- With typical web payroll that is monthly going back six months with a minimum of:
Non-BPO BPO Php 10,000.00 for first loan availment Php 20,000.00 for 1st – 4th loan availment Php 5,000.00 for perform clients Php 15,000.00 for fifth loan availment onwards - without any adverse findings
Just how much may I avail in wage advance? Minimum amount which can be availed: P5,000.00 Optimum quantity which can be availed: Assigned borrowing limit