Easy Loan is a loan product for SAL Pay users that allow longer terms and higher value. We have several lenders available for this product, and you will be matched through a request-bid-accept cycle, giving you control over the terms that the lenders can offer. In addition, by availing of this service you will be agreeing to share some of your primary employment data with lenders. Collections and repayment are handled by the SAL Pay app, through automated deductions coming from your SAL Pay account balance.

To utilize the Easy Loan service, go to your SAL Pay app, and click Apply on “Easy Loan”.

Enter the amount you are borrowing, choose a purpose on the drop down option and the terms or duration of the loan. Please note that the minimum amount for Easy Loans is Php 5,000, while the maximum amount is Php 250,000.

If you want to know more about the Terms and Conditions of the Easy Loan service, click on the “click here” text and you will be directed to the Terms of Service Agreement  page.

Click the tick box for the Terms and Conditions and “REQUEST LOAN” to complete your loan request.

The summary of your existing loan request can be viewed by clicking on VIEW REQUEST. 

If you would like to cancel your request, you may click on the Cancel Request button.. The request will expire in 8 days, if no lender has provided an offer to your loan request.

A prompt will appear if you have received a Loan offer. Click "VIEW"

Accepting a loan offer needs to be confirmed by first reading the Terms & Conditions of the lender. Once you have verified the terms, you will be able to Reject or Accept the loan offer as proposed by the lender. 

Once you decided to accepted the loan offer, a One-Time Password (OTP) will be sent to you mobile number registered on your SAL PAY app. 

 You will also receive an email when lenders have made an offer to your loan request or when your request has been rejected or expired.

Please note that you can only have one ongoing loan request at a time. Pressing the Flash or Loan button while having an active request will give a you pop-up error message that you can only have one loan request.

The loan details will display the total loan amount, the terms, and the interest that is going to be applied to the loan amount. The payment details will display the first payment date, the amount per payment, and the interest that you will be paying per payment deduction.

The summary of the loan will also be on the SAL Loan status together with the date of the next deduction, and the outstanding balance.