| Product Name: | Welcome Finance Personal Loan |
| Remarks: | For employees looking for financial assistance whether for personal or business necessities |
| Minimum Amount of Loan: | PHP20,000.00 |
| Maximum Amount of Loan: | PHP500,000.00 |
| Minimum Loan Tenure: | 12 months |
| Maximum Loan Tenure: | 36 months |
| Early Repayment: | 5% of the principal amount |
| Payment Options: | Post Dated Checks and Bank Transfers |
| Age Range of Borrower: | 21-60 years old |
| Minimum Annual Income: | PHP180,000.00 |
| Income Requirement Remarks: | For employees with a monthly income of PHP20,000.00 a month and PHP40,000.00 for Self-Employed |
| Employment / Work Status: | Permanent Employee for 0 year / 3 years Business Operations for Self-employed / 1 year of Practice for Professionals / Government Employee for 0 year |
| Borrower has to have Credit Card: | No |
| Guarantor Required: | No |
| Collateral Required: | No |
| Other Requirements: | Verified landline or postpaid mobile number |
| Need to Open Linked Bank Account: | No |
| Application Channel: | Junrix.com |
| Approval Duration: | 2 to 7 days |
| Approval Duration Remarks: | Know the status of your application in as early as 2 days |
| Loan Processing and Dispersal Fees: | 3.00% processing fee, PHP400.00 DST and Notarial Fee |
| Early Repayment Penalty: | 5% of the principal amount |
| Late Payment Penalty: | PHP1,500.00 or 15% of the monthly amortization whichever is higher |
| Product Name: | Interest Rate | Effective Interest Rate | Interest Type |
|---|---|---|---|
| Welcome Finance Personal Loan - 12 months | 1.60% -3.00% | Monthly Rate | |
| Welcome Finance Personal Loan - 24 months | 1.60% -3.00% | Monthly Rate | |
| Welcome Finance Personal Loan - 36 months | 1.60% -3.00% | Monthly Rate |