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SAVii Review

The recent happenings have truly been a struggle for all people all around the world. Planning and dreaming about the future becomes stressful as only some have been financially prepared for all these economic consequences, while the others are still putting themselves back together following years of uncertainty brought on by the pandemic.

Although there are financial institutions that offer a variety of financial products and services to meet the needs of all individuals, regardless of whether they have a steady income or not, still, not everyone has easy access to them. Good thing there are other alternatives, one of which is SAVii.

SAVii is a company that focuses on the financial needs of businesses and their employees. It assists Filipinos in obtaining a quick Salary Loan or a Salary Advance to address their immediate financial needs.

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Written by: Piggyy

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Author

Savii_Asset-Logo

Loan Amount

Varies
4.6/5
4.6/5

Piggyy Rating

SAVii
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APR:

based on personal credit profile

Loan amount: Depends on a number of factors including your employment details, existing loans, and basic monthly salary

Loan Term

3 - 60 months

Est. APR

% varies

Loan Amount

Varies
Pros
  • They promote a healthy work-life balance
  • Effective and Easy Loan Repayment Scheme
  • Offers Fast Approval
Cons
  • Loan is only applicable to employers who have partnered with Uploan.

Company Information

 

SAVii, originally known as Uploan, has been serving as a financial companion for thousands of Filipino employees whose employers have signed a partnership with the company. SAVii intends to relieve its customers’ financial stress brought about by the various life challenges they deal with every day by offering them secure, convenient, and competitive loans, advances, mental health support, financial education, and emergency insurance. 

 

Their corporate mission in pursuit of financial inclusion is to bring financial wellness to millions of employees in emerging economies by providing fair and convenient financial solutions through salary deduction. SAVii helps its more than 100 partner employers in changing the lives of their employees while making financial power at work a reality in their workplace. 

 

SAVii is a subsidiary of New Cross Credit and Financing Gate PH, Inc., and is registered to the Securities and Exchange Commission with No. CS201628816 and Certificate of Authority No. 1288. 

 

Those who have inquiries and require other or immediate assistance from the company may simply visit SAVii’s website and accomplish the form to alert the team best suited to assist them. 

 

Products and Services Offered

 

Salary Loan

This type of loan is available for employees who need financing for their personal and emergency needs. The loan approval, including the amount that will be approved, will be based on the salaries they receive. 

 

Loan Features

Loan Amount: maximum of Php500,000

Interest Rate: starts at 0.5%

Loan Term : 3 months to 60 months

Repayment: via Salary

 

Requirements

  • Company ID
  • 2 latest Payslips
  • 1 Government ID

 

Salary Advance

Sometimes, the salary could not come soon enough, especially when you have bills to pay. When payments are due and you have not received your paycheck yet, a more affordable solution would be to apply for a salary advance with SAVii and take advantage of its no-interest offer, and loan proceeds that will be available within 24 hours. 

 

Loan Features

Loan Amount: 1-month salary 

Interest Rate: 0%

Loan Term: payable in a month

 

Requirements

The requirements needed are the same for Salary Loans. 

 

Why Choose SAVii

 

For years, SAVii, originally known as Uploan, has been providing working Filipinos with easy access to finances. But, SAVii’s commitment to meeting the financial needs of many Filipinos is an inadequate reason to choose them. So, in order to get to know the company better apart from the financial services and products it offers, we have listed below other benefits that Filipinos can experience while entrusting their financial concerns with SAVii – both for employees and businesses. 

 

Friendly Loan Offers  

Entrusting your financial concerns to SAVii has to be one of the best decisions one can make. Why? Because aside from the lowest possible interest rate a borrower can get, SAVii does not demand any late payment fees from its borrowers. The company will always be upfront with its terms and conditions and customers can rest assured that there will be no hidden fees, aside from the no-late-fee policy. 

 

Furthermore, the company provides loans that come with FREE on-demand learning. SAVii offers free mental health webinars for employees, human resources, senior executives, and team leaders to take advantage of so they could altogether create a mentally healthy and effective workplace.

 

SAVii also gives a free financial education which is being discussed through its monthly newsletter and quarterly webinar series to educate employees on the proper and more effective approach of managing their personal finances in order to increase their chances of reaching their goals. 

 

And finally, there is free medical insurance that SAVii provides its partner employees, where anyone, including those who do not apply for any other product, can use to ensure that they can financially prepare themselves in the face of medical emergencies. 

 

Delivers Good User Experience 

Looking for a solution to financial troubles is already stressful, which is why SAVii assures its customers a quick loan application to help ease their worries. With the country’s digitalization on the rise, SAVii has capitalized on the changes by developing a better and faster way to engage with its consumers. Borrowers can now receive their desired financial aid immediately with a single tap, courtesy of SAVii’s simple application and quick loan approval. The dashboard will display the consumer all the things they need to know should they opt to get financial help from SAVii. 

 

Furthermore, repayments can be made immediately through salary deduction, bypassing the need to visit SAVii’s associated payment channels or find the nearest branch. But, if the borrower has already left the SAVii-partnered company for which they work, they can still repay their outstanding balance through other methods listed on the website, since salary deduction will no longer be an option.

 

SAVii is your Reliable Financial Partner  

Unknown to many that aside from the fast loan approval that SAVii provides, it boasts a 90 percent approval rate. Its products and services are always available online, and its website is working 24/7, waiting for customers seeking financial assistance. 

 

SAVii’s excellent customer reviews are proof of the company’s dedication to delivering the best borrowing experience. 

 

Partnering with SAVii is Safe and Secure  

With SAVii, companies can rest assured that there will be no cost/liability. Moreover, there will be no extra tasks for HR or there is no need to exert so much effort since everything can be done online – from the application to the repayment process. SAVii also guarantees protection for all its clients from any predatory lenders. 

 

Furthermore, SAVii conforms to responsible lending practices and will not do anything to ruin its reputation from all its clients and prospective customers. 

 

How to Sign Up

 

To sign up, loan applicants can follow these simple steps:

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SAVii 1

Visit the website and click “Sign Up” located on the upper right-hand side of the screen.

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SAVii 2

Enter your employer’s name and select from the dropdown list. 

 

Note: Only employees with employers already accredited with SAVii will be able to avail of the loan products currently being offered.

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SAVii 3

Select the type of loan you wish to apply for – a Salary Loan or Salary Advance, and then click on ”Apply”.

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SAVii 4

Provide your personal information and contact information then click ”Next”.

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Verify your phone number and enter the OTP that was sent to your mobile number then click on “Verify”.

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Create a secure password with a minimum of 6 letters, 1 number, 1 capital letter, and 1 special character. Read and agree with the Terms and Conditions then click on “Create Account”.

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Provide the additional information needed to proceed.

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SAVii 8

Answer all eligibility-related questions and then click ”Check your eligibility”.

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SAVii 9

Select the loan purpose and click ”Continue”.

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SAVii 10

Select the amount you want to borrow then click “Apply for this Loan”.

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SAVii 11

Have all your requirements ready and choose the disbursement channel you wish to receive your loan proceeds, and provide additional contact details and your emergency contact.

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SAVii 12

Upload all the requirements needed. Make sure to take a clear photo or scanned copy of each required ID and document.

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You will receive an email and SMS notification from SAVii when your loan is approved.

Frequently asked questions

What type of government-issued IDs are acceptable when submitting the loan requirements?

Loan applicants can submit one primary ID (Passport, SSS ID, UMID Card, Voter’s ID, Driver’s License, or PRC ID). If any of these primary IDs are not available, two secondary IDs can be submitted instead (Postal ID, PhilHealth ID, Barangay Resident ID Card, TIN ID, PWD ID with back copy, Integrated Bar of the Philippines (IBP) ID, PSA Birth Certificate, PSA Marriage Contract, and NBI Clearance).

How will I be able to receive my loan proceeds?

Depending on the option provided during the application process, the loan applicant will be able to receive the loan proceeds via the following methods: 

 

  • Gcash
  • Bank Deposit
  • PayMaya
I am having problems uploading my document. What should I do?

The file size of the documents to be uploaded shot not be more than 10MB. Additionally, borrowers need to check that the file type should be in jpg, jpeg, png, or pdf. If there is still a problem uploading the documents, simply refresh the page and start again or try clearing your browsing history and cache or re-try your application while in the incognito or private browsing mode of your web browser.

I am not sure if my company is a partner of SAVii. Will I still be eligible for a loan?

If you are unsure if your employer is a partner of SAVii, you may visit the SAVii website and click on the loan sign button. From there, you will be able to search the name of your company and proceed. If your employer is not yet a partner, you may contact your company’s HR department and have them partner with SAVii.

Will there be any problems if I leave my company with an outstanding loan from SAVii?

Borrowers do not have to worry about leaving the company with an outstanding loan balance/ They may still repay their outstanding balance by depositing or transferring their payment to any of the bank account numbers listed below:  

 

Account Name: New Cross Credit and Financing Gate Ph Inc. 

 

Bank NameAccount Number
BDO Unibank Inc. (BDO)11848000444
Security Bank (SBC)16348453
Philippine National Bank (PNB)130970006226
United Coconut Planters Bank (UCPB)201580006280
Union Bank of the Philippines (UBP)560034969

 

Or

 

Account Name: New Cross Credit Gate Ph Inc.

 

Bank NameAccount Number
Bank of the Philippine Island (BPI)3381012505
EastWest Bank200030984233
Metrobank317031063821
Rizal Commercial Banking Corp. (RCBC)7590657159

 

Once the payment is complete, send the payment receipt to [email protected] with the subject line: Full Name | Loan ID (example: Juan Dela Cruz | LN1234).

I wish to apply for a new loan. When can I apply for a reloan?

Borrowers will be able to receive an email and SMS notifications from SAVii informing them that they are already eligible for a reloan. At the same time, borrowers can log into their Employee  Dashboard to check if they can already apply for their next loan.

I wish to apply for a higher loan limit. Is that possible?

The maximum loan amount that a borrower can apply for will be affected by several factors including the information submitted regarding your personal and work details, and whether the loan amount that you are applying for is higher than your basic salary, take-home pay, or the allowed maximum loan amount. In this case, the loan amount requested for will not be approved. 

 

With SAVii, they also consider the quality of life the borrower will have after they take the loan. They would want to ensure that a considerable amount of the paycheck of the borrower is left after applying for a loan.

Conclusion

 

People face a lot of financial challenges along the way but with the help of SAVii, Filipinos can now continue to dream and look forward to new beginnings and opportunities. It is a fast and easy financial solution, and also offers free webinars which will benefit companies and their employees in meeting their objectives, which will have a positive impact on the country’s economic recovery as well. 

Piggyy

״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

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