(From L-R) PLDT Executive Vice President and ePLDT President and CEO Eric Alberto, Voyager Innovations President and CEO Orlando Vea, PLDT and Smart Chairman and CEO Manuel Pangilinan, Cebuana Lhuillier Bank President Leo Escaño, Cebuana Lhuillier Rural Bank Loans Manager Margarita Lee, and FINTQ Managing Director Lito Villanueva
In a bid to make its loan products more accessible to the public, Cebuana Lhuillier Rural Bank (CLRB), a subsidiary of PJ Lhuillier Group of Companies (PJLGC), sealed a partnership with Lendr—the country’s first 24/7 digital loans marketplace—last April 28 in a Memorandum of Understanding (MOU) signing event held in Makati City.
Through this partnership, CLRB branches will be able to expand the reach of its loan products and provide a more convenient, hassle-free loans application to their customers.
For its initial run, CLRB’s Employee Salary Loan product will be made accessible on Lendr. Pre-qualified employees of the PJLCG will be able to apply and get approval for their ESL using mobile phone via the Lendr Application.
“Aside from giving convenience to our customers, the partnership with Lendr also contributes to the overall goal of Cebuana Lhuillier as a company, which is financial inclusion. Hopefully, by making our loans available online, more people will have access to financial solutions that they need,” CLRB President Leo Escaño said.
Key features of Lendr include online tracking of loan application and monitoring of loan payments and balances.
With the addition of CLRB, Lendr has now a total of 25 banks and financial institution partners. Other partners include some of the Philippines’ most trusted companies such as China Bank Savings and PNB Savings Bank.