ABOUT PERSONAL LOAN APPLICATION AT JUNRIX E-SERVICES

1. WHEN I MAKE A LOAN APPLICATION VIA JUNRIX E-SERVICES, DO I HAVE TO TAKE A HIGHER LOAN AMOUNT AND DOES PART OF MY LOAN GET DEDUCTED AS COMMISSION TO JUNRIX E-SERVICES?

No, all services on Junrix e-Services are FREE because we are self-financed via other means of revenue generation. Your loan application through Junrix e-Services would be identical in every way to if you were to take a loan directly with the bank.

2. CAN I EXTEND THE DURATION OF MY PERSONAL LOAN TO MORE THAN X NUMBER OF YEARS?

In Philippines, loan periods differ depending on factors such as financial standing of the applicant as well as the choice of bank and banking product. At Junrix e-Services, we operate only within the policies set up by the banks and are not authorized to extend or shorten loan periods beyond the dictated terms.

3. DOES JUNRIX E-SERVICES INFLUENCE THE INTEREST RATE OF MY LOAN?

Just like loan period, we operate only within the policies set up by the banks. As such, all interest rates displayed on our website shall be considered final unless a different agreement is struck between you and the bank at a later date.

4. WHAT IF I HAD ALREADY APPLIED FOR A LOAN AND WAS REJECTED? WILL MY APPLICATION BE ACCEPTED THROUGH JUNRIX E-SERVICES?

In Philippines, your ability to secure a loan is affected by your credit ratings with the banks as well as your financial state as indicated in financial data systems such as Transunion. Whilst you are welcomed to submit enquiries and applications through Junrix e-Services any time, it is recommended that you proceed to check your ratings with your bank if you've experienced several cases of rejected applications.

5. IN THE EVENT OF REJECTED APPLICATION, WHAT IS THE RECOMMENDED WAITING PERIOD BEFORE I CAN APPLY FOR A LOAN AGAIN?

Generally, we recommend a waiting period of six months before you attempt to apply for a loan with the same bank again. However, you might wish to consider applying for a loan with another bank with terms that match your financial standing. Meantime, we also advise that you clear out any outstanding financial status that might be hindering your chances of getting a loan. For more information, please check with your bank.

6. WHAT IS THE MINIMUM AGE TO BE ABLE TO APPLY FOR A LOAN?

Different banks have different terms but generally, the minimum age to be eligible for a loan is 21 years of age in Philippines. For the latest terms and information, please proceed to our Personal Loan pages.

7. CAN I APPLY FOR A LOAN IF I HAVE JUST STARTED WORKING FOR A MONTH?

To maximize your chance of approval, you are advised to have at least three documented salary pay slips (i.e., 2 years in the workforce) before you apply for a loan.

8. HOW SECURE IS MY PERSONAL DATA?

At Junrix e-Services, we value your privacy and the confidentiality of all the information you share to us. All your personal and financial records will remain safe in our hands, and we will not share any information without your consent.

9.  FOR HOW MANY MONTHS/TERMS I CAN PAY THE LOAN?

You have option to pay the loan amount for: 12, 18, 24 and 36 months.

10. CAN I GET A PERSONAL LOAN IF I HAVE A CANCELLED CREDIT CARD?

If you have a cancelled credit card from any bank, please get the necessary clearance before applying for a personal loan to ensure the smooth processing of your application.

11. HOW MUCH IS THE AMOUNT I CAN LOAN?

Minimum amount that you can avail is PHP20,000.00 and maximum is  PHP2,000,000.00. Loan amount will be based on credit evaluation and income documents submitted.

12. HOW DID JUNRIX E-SERVICES OBTAIN MY PERSONAL DATA?

The only way in which we obtain customer data is directly from the customers themselves. If you receive a call from us, you may have made an inquiry or applied for a service on www.junrix.com or through any of our affiliated websites. We do not engage in the purchase or sale of customer data because we deem it to be an unethical business practice. We care about you!

13. HOW WILL I RECEIVE MY MONEY LOAN?

Claiming your loan will depend on the bank or lender’s process. If you have a savings account with the bank you loaned from, your loan will be credited there. You can also choose to receive it via check or cash. Make sure to check with your loan provider so you’ll know what to expect.

14. WHAT IS THE DIFFERENCE BETWEEN EFFECTIVE RATE AND ADD-ON RATE?

Banks that provide personal loans charge two sets of interest rates: monthly add-on rates and effective annual interest rates.
Add-on rate is the interest that the lender charges every month on the amount you plan to borrow.
Effective interest rates show the actual cost of borrowing money. It includes the administrative or service fees that the bank charges for processing your loan application. This is why the effective interest rate—the one you’ll need to pay—is typically higher than the add-on rate.

15. WHERE CAN I USE MY PERSONAL LOAN?

You can apply for a personal loan to fund almost anything that requires a huge amount of money. For example, you can get a loan online to start your own business or send your children (or even yourself) to school. Here are other purposes Filipinos typically use to get a personal loan:
Medical emergencies
Home improvement
Debt consolidation
Business opening or expansion.
Wedding
Travel/vacation
Furniture/appliances/gadgets