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Employee Loans or Salary Loans in the Philippines

Have you ever heard of employee loans? How about salary loans? Several companies have partnered with banks to offer this kind of loan program to improve employee productivity and loyalty.

So what is an employee or salary loan exactly? Unless you are a financial lending institution, companies normally partner with banks to “empower employees” (Maybank) to take out personal loans. Employees can take out between P10,000 to as much as P500,000.

However, employers and employees need to meet certain criteria.

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