What is a Personal Loan?
Personal loan is an unsecured, no collateral and multi-purpose cash loan being offered to qualified employees or business owners.
How much can I avail for a Personal Loan?
Minimum loan amount is P30k and maximum is P2M. Considering this is a no-collateral loan, amount to be granted is dependent on credit evaluation results and income documents submitted. Approximately, it is usually three times up to five times of the gross monthly income of the borrower.
How can I apply for a Personal Loan?
Just click on any of our loan products offering and a Loans Representative will attend to you shortly. Or, you may also reach us in any of the contact details stated in this site. Our Loans Representative will gladly discuss with you all details pertaining to your loan application/queries including the process and requirements.
How long does it take to process my application?
Applications are usually processed within 3-7 banking days upon completion of all requirements and documents. Please ensure that all information and documents are completely submitted to avoid delay in the processing of your loan application.
What are the requirements needed for Personal Loan application?
Completely filled-out and signed application form and the following documents:
For Employed Applicants:
Photocopy of Company ID with clear photo and signature
Photocopy of one (1) valid government issued photo ID with 3 specimen signatures
Latest one (1) month payslips
Latest BIR Form 2316
For Business Owners:
Two valid government issued IDs
Latest Income Tax Return with BIR Stamp
Latest Audited Financial Statements
SEC/DTI Certificate of Business Registration
Business Permit/ Mayor’s Permit
Latest six (6) months bank statements
List of 3 Suppliers and and 3 Customers with contact details
Latest General Information Sheet (if Corporation)
Please take note that Credit department may ask additional documents (if necessary) to substantiate loan approval.
How do I know of my loan application status?
A Finex Loan Representative will keep you posted on the result of your application. You may also contact us through any of the contact details stated in this site or through phone numbers to be given to you by our Loans Representative.
What is the interest rate?
Our interest rates vary from one fund provider (banks or financing institutions) to another. It ranges from 1.39% to 2.50% add-on rate per month depending on the borrower’s overall credit profile.
How do I get my loan proceeds?
Once your loan application gets approved, a Finex Loan Representative will contact you to guide you on the complete procedural details of availing your loan proceeds. You need to prepare all the original copies of the documents you previously submitted during credit processing for possible checking during release of the loan.
How do I pay my loan?
Borrower is required to have a personal checking account during loan availment as monthly payments are via Post Dated Checks. If you currently do not have one, you may proceed with the loan application, and we shall willingly assist you open a checking account prior to loan availment.
What are the basic pointers for faster processing and approval of my loan application?
Part of our tips for you are to please ensure that:
a. All information and required documents are completely submitted the soonest possible time;
b. Be truthful in all information to be provided in filling-out the application form and during credit evaluation;
c. You are readily available whenever a credit evaluator contacts you for verification processes.
Do you accept borrower referrals?
Yes, we will greatly appreciate any loan borrower you can refer to us. You may email us your referrals to info@finexoutsourcing.ph and/or finexadmin@finexoutsourcing.ph . You may also contact us through numbers (632)7-728-5188 / (0917)539-5591.
We also accept applicants (part-time or full-time) to be part of our ever growing sales team. BE A FINEX LOANS REPRESENTATIVE!
What are the borrower’s eligibility criteria?
Our partners’ basic credit criteria are the following:
a. Filipino citizen;
b. Age of at least 21 and not more than 65 years old;
c. Gainfully employed or with profitably operating business;
d. Borrower (or the allottee, if seafarer) must be residing in any locally serviceable areas;
e. Must be contactable through landline and mobile phone
Who can avail of a Personal Loan?
An individual can apply for a Personal Loan if he/she has a stable source of income whether as a salaried employee and/or as business owner, and meets the creditors’ eligibility criteria for borrowers.
Can I use the loan proceeds according to my liking?
Yes, personal loan is multi-purpose in nature. You can use it for any legal means, may that be for your personal expenditures, tuition fee payment, home improvement, hospitalization, appliances and furniture purchases, special occasions, travel expenses, etc.
Can I apply for a re-loan (refinance)? How and when?
Yes, if you are half way through your payment term with a particular partner/creditor we can negotiate the same or better loan deal in your behalf.
If you are interested, just simply notify us, and a loan representative will explain to you all the details including the documents that need to be prepared and submitted.
Your trusted company, dedicated to consistently delivering hassle-free loan servicing in terms of applications handling and options that suit your desired financial needs.