Flexi Finance Asia Inc. Review

Company Information

In 2015, Flexi Finance Asia Inc. was established in the Philippines in the island of Cebu with a goal of providing affordable, accessible and fair consumer financing to Filipinos. Fair financing essentially means providing loans or other types of financial services to people who have limited means of paying for the loan back. 

Flexi Finance has partnered with Profireal Group in 2017. Profireal Group has over 20 years of experience in global financial markets. Their expertise in global financing has been proven in Europe, in countries like the Czech Republic, Slovakia, Poland, Russia, and Bulgaria and it is through this experience that Flexi Finance is ready and excited to bring their consumer financing service to the Philippines. 

They are guided by their internal values of Focus, Communication, Transparency, Quality, and Efficiency. It is through these values that the very best of their services are provided to their Filipino clientele.    

The headquarters of Flexi Finance is located in CIFC Tower, Juan Luna Avenue Extension, NRA, Mabolo, Cebu City. For any inquiries or product information questions, customers may send them an email to [email protected]. 

The Sales Specialists of Flexi Finance are available during the opening hours of their partner stores nationwide. Customers can simply visit them and ask them questions, if they ever need clarifications. 

Type of Loans and Services Offered

There are currently only two financing products that Flexi Finance offers: Sales Finance and Cash Loans. Sales Finance refers to products or services that Flexi Finance partner stores offer while Cash Loans are in some ways, a form of a reward that they give their customers who have established a good credit history with them. For more details on each of these products, they are discussed in detail below. 

Sales Finance 

For customers who are in need of immediate gadgets or electronics for work and school purposes, it may be difficult because they do not come cheap. When you do not possess a credit card and your paycheck does not have enough wiggle room of extra expenses, this can be a serious challenge. But with Flexi Finance, buying what you need whether it be for an appliance, electronic, gadget or for travel, they are able to provide a consumer financing solution for you. 

Customers will only need to pay a downpayment and the balance can be repaid to Flexi Finance based on low instalments with repayment periods that customers can choose based on what is the most affordable and convenient for them. 

With over hundreds of partner stores nationwide, customers will not find any difficulty choosing the item that they need the most. 

Partner Stores

To avail of the sales finance product of Flexi Finance, their partner stores are open at any of these cities and provinces nationwide:

For those who are looking at buying a new gadget, appliance, or looking at going to their next vacation destination, customers can simply visit any of Flexi Finance’s partner stores nationwide. For a complete list of their partner stores, they can simply visit the website and search for the store nearest them. 

Cash Loans

Quick Cash Loans are available to current and previous customers of Flexi Finance that have a good credit history with the company – pays on time and has not made any issues with past payments. 

Those who qualify for a Cash Loan receive an SMS invite informing them that they are eligible for a cash loan. Periodically, Flexi Finance reviews the accounts of its customers and the system selects those who have passed their qualifications. Customers will have the option whether they wish to proceed with the cash loan or not. 

Eligibility and Requirements

Not everybody will be given the opportunity to avail of the loan products offered by Flexi Finance. However, you may check below if you have passed the eligibility criteria to proceed with a loan. 

• Must be between 18 to 68 years old. 
• Customers must be employed for at least 3 months at the time of the application. 
• Customers must be able to have and submit two valid IDs
  • SSS ID
  • TIN ID
  • Voter’s ID
  • Passport
  • Driver’s License

If the above criteria are met by the customer, he or she may directly proceed to the partner stores nearest them and bring the necessary documents required for the application. The more documents are presented to support their proof of income, the better the chances are for approval. 

Why Choose Flexi Finance Asia Inc. 

Flexi Finance may just be new to the market but it is already competing with other brands that provide consumer loans to Filipinos. The reasons why Filipinos should choose Flexi Finance include the following:

Does Not Require a Credit Card

Not having a credit card used to be such an inconvenience when it came to purchasing items that are unplanned because these items are usually expensive and you do not have enough cash to cover it. That was before. With the presence of consumer loans and Flexi Finance especially, people can now afford to purchase items on credit without any need for a credit card. 

Repayments are Affordable

With just a down payment required to release the item, customers will be able to choose the repayment period that is most convenient for them. This ensures that their budget does not change drastically and that they do not have to sacrifice the quality of their family’s lives. 

Customers can choose the amount of the down payment that they wish to pay, provided that it is more than what the minimum requirement is. They can also choose the repayment period for up to 24 months if they wish to. 

Customers Have Multiple Store Options to Choose From 

When customers have plenty of options to choose from based on the hundreds of partner stores of Flexi Finance nationwide, they are able to choose what is best for them according to their preference. And when there are plenty of stores to choose from, customers will be able to decide where they wish to transact business with and whichever is the nearest to them. 

Rewards Good Paying Customers

Building a good credit history is not an opportunity that is afforded to a lot of people. Based on the affordable payment terms of Flexi Finance, customers are sure to be able to pay what is due from them based on the loan contract they have signed. When customers are able to pay on time, not only are they able to build good credit, they are also being rewarded. Flexi Finance rewards their customers by offering cash loans to existing customers who have an excellent payment history. 

Not many financing companies reward their customers for good payment. Offering a quick cash loan will also be beneficial for customers, especially those who require cash to take care of their emergencies and other financial goals. 

How to Sign Up

Below shows the illustration of the process of applying for a sales finance loan with Flexi Asia:

Conclusion

Consumer Financing has proved to provide access to Filipinos when it comes to purchasing products that are essential for them. Understandably, not many people can afford to purchase electronics or appliances right away when their washing machine breaks down or their computers are beyond repair – it will require a considerable amount of cash to purchase them. Flexi Finance understands this gap and this is why they are offering affordable, simple, convenient loan applications for Filipinos who are in need.