A fast salary loan made available with minimal checks and requirements is a great gain for the Philippines looking for a quick fix to their urgent financial needs. Borrowers can take care of medical bills, utilities, and other emergencies while waiting for their next paycheck. Through Savii, individuals and corporations can get quick, affordable loans for zero interest rate. Are you cash-strapped and wondering what to do before your next payday? This lender may be your ultimate solution.
Read on for a quick guide and review of Savii Philippines.
Savii, formerly Uploan.ph, is one of the top salary loan service providers in the Philippines, offering payday loans to employees working for listed employers. As a financial companion, Savii aims at providing mental health support to its customers by relieving them of any money-related burden. Under the leadership of its Chief Executive Officer, Liam Grealish, Savii’s mission is to provide millions of workers across developing countries with the right financial empowerment.
Through proper salary reduction, Savii has reached out to more employees with achievable solutions earning them notable financial power. According to the lender, hundreds of employer partners enrolled with Savii.ph receive data insight aiding to manage attrition and boost workplace productivity. Consequently, achieving its mantra of making financial power a possibility is slowly turning into a reality.
Loans Offered by the Lender
These loans are categorized into two key financial products, namely Salary Loan and Salary Advance.
A salary loan is the type of borrowing available to employees who work for enlisted employers for purposes of meeting emergency and personal financial needs. The minimum interest rate of a salary loan is 0.5%, with loan terms ranging from 3 to 60 months. All you need is your Government ID, latest pay slips, and a Company ID.
This lender is known for its high loan approval rate of over 90%. Additionally, you do not have to worry about repayment methods as the lender accepts salary as the only loan repayment mode. Its customers are also guaranteed quick and safe customer support for a salary loan whenever they need it.
For many, an advance becomes the go-to solution, when bills and financial emergencies come earlier than the salary. By definition, a salary advance is a form of a loan given to salaried employees for a shorter term, typically deducted from the next paycheck. Savii’s salary advance is billed at a 0% interest rate, payable in one month.
Advantages of Borrowing Money from Savii
This Filipino lender beats most financial institutions in a lot of ways, including the following;
Friendly and Affordable Loan Products and Financial Services
Savii loans attract some of the lowest interest rates in the Philippines’ online loan industry. With zero and as low as 0.5% interest rates on salary advances and payday loans, respectively, borrowing from this lender is one of the best decisions earning Filipinos can ever make.
No Repayment Pressure
In case of late payments, This Filipino lender does not demand its customers clear their debts. The lender works with employers to ensure seamless repayment.
In addition to an over 90% loan approval rate, customers are guaranteed round-the-clock availability of Savii’s online services.
How to Get a Loan
Savii Loans are accessible via the company’s website or mobile app available on both iOS and Android devices. If you are new, you will need to log in to the platform first. Essentially, the entire loan application process is done over the web. You will need to have a few credentials and documents ready to get approved. However, there is a very high chance you will get approved for a loan. The most fundamental thing is to ensure that your employer is a listed partner of this Filipino lender. Also, once approved for a loan, your salary is the only repayment method used by the lender.
To successfully acquire Savii loans, you must meet the following basic requirements.
- Valid Company ID. Note that your employer must be a listed partner of SaviiPhilippines. Make sure to provide a clear scanned copy or photo of the front view of the Company ID.
- 1 Valid Government ID. You can provide any primary ID documents as validated by the Philippines Government, including Driver’s License, National ID, Passport, and Voter’s ID.
- 2 Lates Pay Slips.
Clear photos or scanned copies of the following documents should be used to process a loan with this lender.
Primary Government ID
- PRC ID
- Driver’s License
- Voter’s ID
- UMID Card
- SSD ID
Secondary Government ID
- NBI Clearance
- Postal ID
- PSA Marriage Contract
- PSA Birth Certificate
- TIN ID
- PhilHealth ID
Proof of Income and Employment
- Company ID
Getting a loan with this lender is quick and straightforward. Here is a step-to-step guide.
Online Sign Up
Visit the lender’s website at https://savii.io/ph/ and click the ‘Sign Up’ Button.
From the dropdown list, select your Employer. This lender only provides loans to Filipinos working for partnered employers.
Type of Loan
The lender provides two types of loans, including Salary Advance and Salary Loans. Select the type of loan you are interested in, and click on the ‘Apply’ button.
You will be directed to a page requiring you to input your personal details. Once complete, click ‘Next’ for verification of your personal information.
An OTP code will be sent to the phone number you provide. Enter the code then click on the ‘Verify’ button.
Create a secure password for your Savii.ph account. You will also be required to consent to the Terms and Conditions for account opening.
The lender would like to confirm your eligibility before processing any loan. You will be required to respond to a few eligibility questions to validate your application.
After selecting the purpose of your borrowing, input the amount you want to borrow, then click on the ‘Apply for this Loan’ button.
With your method of disbursement selected, upload all the necessary documents.
Loan Approval and Disbursement
Wait for a loan approval message from the lender, after which the money is processed to your account.v
How long does it take to get approved?
Once you are approved for a loan with this Filipino lender, you will receive a notification showing your loan approval status. Loan approval and fund disbursement take 24 hours from the time the application was completed. In case of extended delays, you can contact Savii customer support to inform you of the factors resulting in such extensions.
Ways to Obtain and Repay the Loan
How you obtain the loan depends on the option made available during the loan application process. However, generally, the lender allows borrowers to receive funds through 3 primary channels, including Bank deposit, GCash, and PayMaya.
In terms of repayment, the lender provides automated salary deductions as a convenient method of settling your loan. All you have to do is approve the automation of loan and interest payments, and the lender, in liaison with your HR, will do the rest of the work for you. Human Resource departments can see all automated settlements initiated through salary deduction. Also, the repayment updates are always visible on the dashboard for your monitoring.
Savii Philippines Customer Service and Contacts
The lender’s Contact Page is straightforward. You click on the ‘Specify your Concern’ button, and a dropdown list of issues will be highlighted. Specify your issue, get specific on your subject, and the support team equipped for the subject matter will get back to you within 48 hours.
You can also visit the lender’s Help Centre https://savii.my.site.com/helpcenter/s/ for information on all sorts of queries. Here, you will discover everything you need to know about eligibility, emails, login, application, technical issues, disbursements, and others.
Alternatively, you can search for the ‘Chat with an Expert’ link to chat over your concerns.
Financial challenges can be a major constraint to one’s progress, even when you have a paycheck to depend on. With this Filipino lender, working Filipinos can now build their future again with little money-related limitations. Savii Salary Advance and Salary Loans are quick and affordable solutions. Additionally, unlike most financial institutions, this lender provides its customers with financial education to enable them to make informed financial decisions.