Quick Loans Online (QLO) continues to ramp up ways to provide employees of partner companies with accessible and convenient loan offers by launching the QLO Cash Advance.
QLO Cash Advance is its latest salary loan product. It issues employees a loan of a fraction of their monthly salary at 0% interest rate and payable within a short-term period.
Quick Loans Online or QLO, is a loan facility under MRACC Credit Corp. This new venture, launched by MFT Group of Companies, has provided employees access to quick, hassle-free salary loans through immediate access to cash to address urgent financial needs.
The QLO Cash Advance amount ranges from Php 3,000 to P8,000. This product is 0% interest, and only has a one-time processing fee, for as low as Php 500, which will be deducted from the proceeds to be received by the borrower. This loan is settled conveniently through salary deduction.
This latest loan offering gives the employees the ability to respond to urgent needs.
With enrollment in the system, employees of QLO partner companies can apply for the QLO Cash Advance through QLO online or through the mobile app.
QLO’s accessibility is a product highlight. It removes the need for cumbersome paperwork and inconveniences such as lost files. This kind of system also allows both the companies and their employees to track their finances and loans easily.
Just like QLO salary loan, employees can have access to the QLO Cash Advance even if they have an adverse credit record with another financial institution. QLO bases its decision on employees’ good standing in the company, and is not dependent on factors that are not work related.
Mary Ruth A. Oquendo, Vice President of MRACC, states, “We continue to produce different loan offerings to provide our clients with flexibility and the peace of mind that in case of emergency, there is a fast and easy way to get credit without the hassle of too much paperwork.”
“QLO Cash Advance is our special effort to make small loans available to employees who need it. Loans of small amounts should not have to go through tedious processes so we are very happy with this new offering.” adds Oquendo.
Oquendo shared, “This salary loan offering can be a great benefit for all the qualified and hardworking employees in your company. Even employees with unsettled obligations outside the company may be deemed qualified by companies since the prior condition is not performance or work-related.”
QLO continues to work with existing partner companies and also continues to grow its list of partners which seeks to give their employees increased financial flexibility.
For companies as well as employees looking to refer to their respective companies, write an email to info@qlo.com.ph to get more details and information on how QLO can aid your company’s needs.
