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QLO has always been out on a mission to be the go-to partner of companies in helping employees cope with financial stress by providing accessible employee benefits. With this, QLO has released a new service to its partners – the QLO Cash Advance program.
This new offering is an addition to the other quality financial program of QLO – the QLO Salary Loan which helps Filipino companies go the extra mile for their employees.
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The QLO Cash Advance program is great for those who are short on cash and need extra budget before payday. The program is quick, easy, and hassle-free as it allows employees to borrow up to 25% of their basic monthly salary or up to PHP 8,000 at a 0% Interest Rate.
It’s an employee benefit that can help those who need the funds right away, as the requested cash advance will reflect as fast as 1 banking day upon approval with convenient payment terms through salary deduction
Here’s why the QLO Cash Advance is a great choice to help you financially!
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Easy Application
Employees can apply through the QLO app by uploading the required documents.
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No Interest
QLO Cash Advance has a 0% interest charge with a minimal processing fee.
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No Rush Payment
QLO Cash Advance is payable up to one (1) month payment term with the due date scheduled after a month or on the 2nd payroll date. Saves you financial stress and gives you breathing space to save up for the next payday!
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Convenient and Accessible
The employee’s QLO Cash Advance shall be remitted through the employee’s payroll bank account.