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Manila Bulletin devider Business devider Palafox Associates partners with Quick Loans Online

Palafox Associates partners with Quick Loans Online

Published Jun 22, 2022 10:56 am

Palafox Associates has teamed up with Quick Loans Online (QLO) to give their over 100 architects, urban planners, environmental planners, interior designers, engineers and consultants access to salary loans

QLO's risk-free salary loan program provides immediate credit lines for employees of partner firms via a fully automated process in its mobile app and website.

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QLO is the newest venture of the MFT Group of Companies and is powered by MRACC (MR Angel Credit Corp.), which has reached over 5,000 employees since it started operations eight years ago.

The MFT Group is a private equity firm that primarily invests in family legacy businesses, such as financial services, healthcare and food.

QLO shoulders loan expenses, making it almost cost free for employers.

Workers enjoy more flexibility with their finances, especially during this pandemic times and repay via salary deduction in 3 to 12 months.

The QLO application dashboard allows workers to see their upcoming payment dues and payment history.

Disbursement of cash to qualified employees takes 24 hours, as soon as the partner company's human resource department endorses the loan application.

"Circumstances when employees have sudden cash requirements can occur anytime, especially during these times," noted Rubiliza Mendoza, General Manager of Palafox.

"Through QLO, our employees don't have to worry about loan access when they need it. We believe this can have a positive impact on their welfare and satisfaction," she explained.

Once a company has signed up with QLO, its workers can apply for loans online through a mobile application.

It's a paperless process and employers save time in monitoring their employees and the loans within the company.

“Motivating and sustaining energies of companies’ talent pool are vital. Through QLO, we extend resources to partner companies to help them cross over challenging times and keep their focus on their respective missions,” concluded Mica F. Tan, CEO of the MFT Group.

Related Tags

QUICK LOANS ONLINE MRACC MFT GROUP SALARY LOANS
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