SAVii supports more than 100 Filipino employers, giving employees of partner companies access to a salary-linked loan application process.
What you need to know about this loan
- Loan amount: The calculator displays amounts from PHP 5,000 to PHP 500,000; the amount available to you depends on your eligibility.
- Repayment period (in months): Up to 60 months; the calculator displays a range from 1 to 60 months, subject to the options available to you.
- Payment options: Automatic salary deductions, with a fixed repayment amount deducted at source.
- Interest rate: Starting from 0.5% monthly; the calculator displays rates from 0.5% to 3.5% monthly, with your actual rate determined by your eligibility score.
Advantages
- Starting rate of 0.5% monthly: Eligible borrowers may access the advertised starting rate, depending on their assessment.
- Repayment terms up to 60 months: Spread repayments over the term available to you.
- No prior credit score required: You can apply without an existing credit score, although approval remains subject to assessment.
- Simple documentation: SAVii advertises an application process taking around 10 minutes, using two IDs and payslips.
- Published processing statistics: SAVii reports that 80% of applications are approved within 24 hours and 90% of approved loans are disbursed within 48 hours; individual timelines may vary.
Disadvantages
- Employer partnership required: You need to work for an employer partnered with SAVii to access this salary loan.
- Advertised terms are conditional: The starting rate, calculator amounts and repayment periods may differ from your approved offer.
Why choose SAVii for your loan?
BPI Personal Loan offers up to 36 months. SAVii offers up to 60 months, giving eligible employees more time to repay their loan amount.
BDO Personal Loan starts at PHP 10,000. SAVii’s calculator starts at a loan amount of PHP 5,000, offering a smaller financing option, subject to eligibility.
Metrobank Personal Loan requires an existing credit card. SAVii highlights that no prior credit score is needed for a loan application, helping employees new to borrowing.
CTBC Salary Stretch lists proof of billing among its requirements. SAVii advertises a simpler loan application using two IDs and payslips.
EastWest Personal Loan starts at PHP 25,000. SAVii’s calculator starts at a loan amount of PHP 5,000, which may better suit smaller expenses.
How to apply for your SAVii Salary Loan
Check whether your employer is a SAVii partner and see how to prepare your loan application. Click below to explore the requirements and take the next step towards funding your plans.