Frequently Asked Questions. Flash Loans and Simple Loans

Just how do I see the facts of my Easy Loan?

The facts of one’s Easy Loan, which include (1) the main loan amount, (2) interest, (3) outstanding balance, (4) next amount due, and (5) due date, could all be found at the next.

  • SALPay app
  • Head to Residence Screen Simple Loan View
  • How do you repay my Easy Loan?

    Your stability due is automatically deducted around your deadline as indicated in your loan agreement as well as in the Next repayment Due part of your loan summary. Please ensure your account has sufficient balance to protect your payment.

    Imagine advance payday loan Oregon if my balance is certainly not enough to cover my repayment due?

    You can fund your SALPay wallet by doing over the counter deposit at any Unionbank branches if you have a loan repayment due but do not have enough balance in your SALPay account.

    For more than the countertop deposit, please submit your UB EON account quantity that will be seen on the part menu of the SALPay application.

    The machine will gather the re payment from your own account every 12 midnight until your repayment is complete. Be sure to repay your Simple Loan on time for you to keep an excellent credit score and give a wide berth to penalty fees.

    Exactly exactly How will I repay my Easy Loan if I resign or have ended?

    As your loan repayments are deducted from your disbursed salary, resigning or getting ended will minimize income disbursements, making your outstanding effortless Loan stability, for those who have any, unpaid. It is possible to repay your loan by funding your SALPay wallet by doing on the countertop deposit at any Unionbank branches.

    For over the counter deposit, please submit your UB EON account quantity that will be seen in the relative side menu of the SALPay application.

    The machine shall gather the re payment from your own account every 12 midnight until your repayment is complete.

    Will my manager be held accountable for my loan if we cannot create a payment?

    Your boss shall never be held responsible for the loan if you fail to produce a payment. The terms regulating your loan is one thing you have got individually accepted. This frees your boss from any responsibility to settle balance in case the ability is lost by you to create a payment.

    Let’s say I are not able to make several scheduled payment?

    In case which you skip way too many scheduled repayments, you’ll be blacklisted. At this stage, the financial institution should determine the right course of action centered on its collection policies. The financial institution may turn to other collection efforts or to appropriate action, helping to make you incur additional expenses and charges. Please be encouraged that, in these instances, your company and SALPay will never be included, whilst the loan contract ended up being made just between both you and the lending company.

    Let’s say my employer prevents salary that is disbursing SALPay?

    If for example the business chooses to avoid SALPay that is using wage disbursement, you might fund your SALPay wallet by doing within the countertop deposit at any Unionbank branches.

    For over the countertop deposit, please submit your UB EON account quantity which can be seen from the relative part menu of one’s SALPay application.

    The device shall collect the re payment from your own account every 12 midnight until your payment is complete. Remember to repay your Simple Loan on time and energy to keep a great credit score and give a wide berth to penalty fees.

    It will help you avoid penalty fees, and a credit history that is bad. Please be encouraged that a loan contract is just between both you while the lender, therefore repayment methods apart from salary deduction via SALPay must be made throughout your most useful efforts.

    Why may I maybe not have an Easy Loan and a Flash Loan during the exact same time?

    It is a choice produced by financing companies and SALPay to make certain borrowing that is responsible. It really is our method of protecting you against the sick effects of borrowing a lot more than it is possible to repay.

    What exactly are other payment practices irrespective of throughout the countertop deposit to my very own SALPay wallet?

    Borrowers may do a manual loan re re payment to Salarium’s Unionbank account.

    Bank: Union Bank

    Account Name: SALARIUM RE PAYMENTS CORP.

    Account Type: Bank Account

    Account Quantity: 000830013787

    Instructions for Handbook Loan Payments

  • Handbook Loan re re Payments simply just take 3 company times to process.
  • Borrower need to pay in or prior to the date that is due avoid charges.
  • Borrower must spend the amount that is exact when it comes to amortization.
  • The date for the transaction for manual loan payments is dependent on the date by which the slide is delivered by the debtor.
  • The charges produced for belated re payments are going to be included with the amortizations that are next.
  • Penalties are 5% associated with the past balance that is principal.
  • Borrowers should send a duplicate regarding the deposit slide to aid combined with the borrower’s name and SALPay ID.
  • Whom shall I contact if i want support loans that are regarding?

    Need more help?Contact our 24/7 Customer Support!Chat with us through the talk symbol in the bottom right of the web web page

    or deliver us a contact at

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