SB Finance has rolled out eSALAD Lite, an entry-level credit solution for eligible Security Bank payroll account holders that offer small-ticket loans at 0% interest, plus easy and very convenient to avail via text messaging, automatic repayment and insurance coverage.
SB Finance’s newest product is the eSALAD Lite, a variant of the eSALAD, which is a start-up ready credit solution that gives the Filipino employees easy access to a quicker and more affordable access to short-term funds, starting with a small amount of P3,000 with 0% interest.
Derived from the existing eSALAD product, the eSALAD Lite is made for Security Bank’s existing customers with payroll accounts with them, that also includes newly onboarded employees who have already received at least one payroll salary credit. This makes it relevant for employees who wouldn’t qualify for a regular salary loan products.
To aide the Filipino employee with equal footing, this is to address a short-term financial need for cash flow gaps, and is manageable and practical. The employee can avail a minimum of P3,000 to a maximum of P10,00 and will be payable for a 1 month or 2 payroll cycles.
The facility gives Security Bank payroll employees the flexibility and instead of charging interest, there is a one-time fee per availment, without going true a tedious process of availing a loan. Each availment also comes with credit life insurance coverage giving that added layer of protection and peace of mind.
