Notice: Due to high volumes of Loan Application, you may experience delays in the processing of your Personal loan application. Rest assured we will update you once your loan has been processed.

Welcome Finance Personal Loan


Immediate need of cash for your child's tuition fees? Planning a getaway with your family? Or paying off your debt? Now you have you what you want with Welcome Finance Personal Loan.

Product Overview

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

Eligibility and Requirements

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 and Approval

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

Fees and Charges/Penalties

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

Interest Rates Offered

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

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