Frequently Asked Question

Loan Application

  • Must be at least 21 to 50 years old
  • A Filipino citizen currently living in the Philippines
  • Currently employed, self-employed, or OFW/Seafarer’s Allottee

To qualify for any of the loans, you must submit:

 

  • Latest proof of billing (Meralco, water bill, cable TV, internet, landline, or PLDT bills)
  • Company ID
  • Latest one-month payslip
  • At least one valid government ID:

 

  • Driver’s License
  • NBI Clearance
  • Police Clearance
  • Postal ID
  • TIN ID
  • Voter’s ID
  • UMID
  • PHILHEALTH ID
  • Firearms License

It only takes 3 Steps

  • Simply fill out the online application form via Salary Advance Website.
  • Expect a call from our friendly officers for verification of the required documents.
  • Get your cash deposited into your bank account within the day after you sent your loan contract.

You may borrow from P3,000 up to P50,000.

Salary Advance just made it EASY!

We will process your application as soon as you submit your online loan application. Just ensure that you have filled up all the information in your application form and upload all the required documents.

Expect the money transferred to your bank account within 1 WORKING DAY!

Salary Advance offers a competitive rate of 0.0571 % to 0.8% per day (APR: 20.8415% to 292% per annual) depending on the term (weekly, bi-weekly or monthly) chosen by the borrower.

Here are the Seafarer’s Allottee Loan Requirements:

  • Government Issued ID of Allottee with name address and signature
  • Latest proof of billing to your current address
  • Seaman’s Passport
  • Seaman’s Book
  • Seafarer’s Registration Certificate (SRC)
  • Seafarer’s Overseas Employment Certificate (OEC)
  • Seafarer’s Employment Contract with POEA validation
  • 6 months latest Remittance Slip
  • Proof of relationship
    • Birth certificate if the seafarer is your parent, daughter/son, or sibling
    • Marriage contract if the seafarer is your spouse
    • Proof of allotment (under allottee name) – latest Allotment slip or Certificate of Allotment from the shipping company/agency

To qualify for a loan, the OFW’s allottee must be:

At least 21 years old

A Filipino citizen

A first-degree relative or dependent of the OFW

Here are the OFW Allottee Loan Requirements:

  • Government Issued ID of Allottee with name address and signature
  • Colored copy of proof of billing
  • OFW’s Overseas Employment Certificate (OEC)
  • Contract (POEA Validated)
  • Colored Passport ID (for OFW)
  • Colored Working Visa (for OFW)
  • Proof of remittance (under allottee’s name) – at least 6 months latest remittance
  • Proof of relationship (birth certificate or marriage contract)

To ensure secure transactions, we only deposit approved loans with our bank partners:

  • Allbank (A thrift Bank), Inc.
  • Asia United Bank
  • Bangko Mabuhay (A rural Bank), Inc.
  • Bank of Commerce
  • Cebuana Lhuilihier Rural Bank
  • China Bank Savings
  • China Bank Corporation
  • CTBC Bank (Philippines) Corporation
  • Development Bank of the Philippines
  • Dungganon Bank Inc.
  • East West Banking Corporation
  • Eastwest Rural Bank
  • Equicom Savings Bank Inc.
  • G-xchange, Inc. (Gcash)
  • Ing Bank N.V.
  • Isla Bank (A Thrift Bank), Inc.
  • Land Bank of the Philippines
  • Malayan Bank Savings and Mortgage Bank, Inc.
  • Maybank Philippines, Inc.
  • Metrobank
  • Omnipay, Inc.
  • Partner Rural Bank (Cotabato), Inc.
  • Paymaya Philippines, Inc.
  • PBCom
  • Philippine Business Bank, Inc., a savings bank
  • PNB
  • PNB Savings Bank
  • PSbank
  • Philippine Trust Company
  • Philippine Veterans Bank
  • Quezon Capital Rural Bank
  • RCBC Savings Bank, Inc
  • RCBC
  • Robinson Bank Corporation
  • Security Bank Corporation
  • Sterling Bnak of Asia
  • Sun Savings Bank, Inc.
  • UCPB Savings Bank, Inc.
  • Union Bank of the Philippines
  • UCPB
  • Wealth Development Bank, Inc.
  • Banco De Oro
  • Bank of the PH Island / Family

Definitely, YES.

To qualify for a loan you must have the following requirements:

  • Government ID
  • Colored Copy of Latest Proof of Billing
  • DTI (Sole Proprietor) or SEC (Corporation/Partnership)
  • 3 months latest Bank Statement
  • 3 pages Audited Financial Statements (Cover Sheet. Balance Sheet, Income Sheet) or latest ITR form

Definitely, YES.

To qualify for a loan you must have the following requirements:

  • Government ID
  • Company ID (optional)
  • Colored Copy of 2 Latest Proof of Billing
  • 1 month latest Statement of Account (PDF Form or Passbook)
  • ‘Login to Your Account’ button found in the upper right corner
  • Update your information and save

We’re sorry to hear that. We’re trying our best to accommodate all applications within a day. Make sure all information is accurately filled out and the documents are all in order.

Salary Advance is a legal online lending company with SEC Registration No.

Re-Loan Application

As soon as we received proof of payment and validated it in our system, you can send us a message through info@salaryadvance.ph

  • First, you need to settle your current loan with Salary Advance.
  • Then, email your latest payslip at info@salaryadvance.ph
  • If you need to change some information in your client registration such as your address or company, you need to update your info by going to salaryadvance.ph.
  • Click “Login to Your Account” button and save the changes.

Technical Issue

Make sure that you have a fast and steady wireless connection. If you have a good internet connection but the prompt still appears, kindly send us a screenshot of your speed test and the error that you are encountering when loading our page.

This usually happens when you are using a mobile device during application. Make sure you have a steady wireless connection. We suggest you complete the application via a laptop or desktop. You may want to pre-type everything in a notepad and paste it in the fields.

We only allow one (1) email and one (1) mobile number to be registered per applicant. This is to prevent fraudulent borrowing using another person’s details. If you want to update your information, click “Login to Your Account” then save the changes. Got more questions? Call us at 09610904788

Loan Repayment

Weekly means you repay the loan at weekly intervals. Weekly loan term has three options:

  • Weekly 3 (Your repayment is equally divided into 3 weeks)
  • Weekly 4 (Your repayment is equally divided into 4 weeks)
  • Weekly 5 (Your repayment is equally divided into 5 weeks)

Example: Let’s say you got your loan on June 6 and you have chosen the Weekly 3, then your repayment schedule will be:

  • 1st repayment: June 13
  • 2nd repayment: June 20
  • 3rd repayment: June 27

If you got your loan on June 6 and you have chosen the Weekly 4:

  • 1st repayment: June 13
  • 2nd repayment: June 20
  • 3rd repayment: June 27
  • 4th repayment: July 4

If you got your loan on June 6 and you have chosen the Weekly 5:

  • 1st repayment: June 13
  • 2nd repayment: June 20
  • 3rd repayment: June 27
  • 4th repayment: July 4
  • 5th repayment: July 11

Bi-Weekly means you repay the loan in every 2 weeks. Bi-Weekly loan term has three options:

  • Bi-Weekly 1 ( Settle your loan after 2 weeks)
  • Bi-Weekly 2 (Your repayment is equally divided into 2)
  • Bi-Weekly 3 (Your repayment is equally divided into 3)

Let’s say you got your loan on June 6 and you have chosen the Bi-Weekly 1, then your repayment schedule will be:

  • 1st repayment: June 20

If you got your loan on June 6 and you have chosen the Bi-Weekly 2:

  • 1st repayment: June 20
  • 2nd repayment: July 4

If you got your loan on June 6 and you have chosen the Bi-Weekly 3:

  • 1st repayment: June 20
  • 2nd repayment: July 4
  • 3rd repayment: July 18

Monthly loan term means you have to settle the loan after 28 days. Let’s say you got your loan on November 10 and you have chosen the Monthly Term. Then you have to repay the loan with its interest rate on December 4.

If your repayment due date falls on a non-working holiday, you have to make your repayment on the last working day before the holiday. Let’s say your due date is on December 30, 2016, Rizal Day. Then you have to pay on December 29..

Your repayment schedule will be discussed with our staff via phone call and it will also be sent to your email

We send an e-mail on how you can pay your loan. Please refer to the reference number included in the e-mail. We are partnered with the following payment channels:

  • 7-11
  • LBC
  • Cebuana Lhuillier
  • Bayad Center
  • Robinson Payment Center
  • EC pay
  • SM Payment Center
  • M Lhuillier (has P20 transaction charge)

Yes, you can. The earlier you can pay, the faster you can get a re-loan.

You are advised to pay as stated in the contract. Late repayments will be charged a fee accordingly.

For any queries regarding payment and settlement of your loan please don’t hesitate to directly call our Collection Department at 09610904788.

Cash Disbursement

We usually process the approved loan cash disbursement within 24 hours after approval.

We will immediately deposit your approved loan to your personal bank account.

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