QLO launches its latest offer: Cash advance for employees with urgent financial needs
QUICK Loans Online (QLO) continues to offer employees of partner companies quick and easy ways to borrow money by launching QLO Cash Advance.
This offer lends employees a fraction, ranging from 3,000 to 8,000 pesos, of their monthly salary without interest and payable in the short term by deducting allowances.
QLO is a loan facility under MRACC Credit Corp. This new venture, launched by MFT Group of Companies, provided employees with immediate access to hassle-free payday loans to meet urgent financial needs.
QLO Cash Advance has a one-time processing fee, for as little as P500, which will be deducted from the proceeds to be received by the borrower.
Employees of partner companies who register for the system can apply through the QLO portal or mobile application.
Due to the accessibility of this product, there is no need for cumbersome paperwork and inconveniences such as loss of files are avoided. Likewise, this type of system allows businesses and their employees to easily track their finances and loans.
“We continue to offer different loan offerings to provide our customers with the flexibility and peace of mind that in an emergency there is a quick and easy way to get credit without the hassle of too much paperwork” said MRACC Vice President Mary Ruth A.Oquendo.
“QLO Cash Advance is our special effort to make small loans available to employees who need them. Loans of small amounts shouldn’t have to go through cumbersome processes, so we’re very pleased with this new offering,” she added.
Workers can take advantage of it even if they have an unfavorable credit history with another financial institution. QLO bases its decision on the good reputation of the employees in the company.
“This payday loan offer can be a great benefit to all skilled and hardworking employees in your business. Even employees with unsettled obligations outside the company can be considered qualified by companies since the prerequisite is not performance or work related,” Oquendo said.
Following its launch on April 5, QLO continues to work with existing corporate partners and is constantly expanding its roster of allies looking to give their employees increased financial flexibility.