About Loan Application

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 authorised 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 www.junrix.com shall be considered final unless a different agreement is struck between you and the bank at a latter 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.