On-demand Salary Advance Platform now part of FintechPH

Advance, the country’s only online platform providing flexible credit on-demand, was officially launched last Monday in a media roundtable followed by its official welcome into the Fintech Philippines Association at the July Fintech mixer.


Advance CEO and co-founder Jaime de los Angeles said that they created Advance with the mission of assisting the 80% of Filipino employees who live paycheck to paycheck, most of whom are without access to basic credit services and are unable to rely on their employers for financial assistance.

“Expenses often come at the most inopportune times or the so-called ‘petsa de peligro’. Advance is solving this problem by allowing employees to access their salaries on-demand, which is critical especially when faced with a sudden, unexpected need for cash,” de los Angeles said. He explained that Advance is a flexible credit platform available 24/7, specifically designed so that individuals have ready access to funds that’s essentially theirs. “We know that life doesn’t conveniently revolve around payday, so we wanted to empower employees by giving them the ability to unlock their wages, anytime.”

Thru the facilities of Advance, a start-up company that provides cash advance to regular employees, employees can file cash advances to a maximum of 50% of their monthly salary with zero interest fee.

Advance aims to provide workers with the ‘peace of mind’ that at any time, they’re able to access their salary and get funds instantly sent to their bank account.

Loan approval takes only fifteen minutes maximum and the amount of loaned money is directly credit to employee’s payroll account.

“Our model is very much in line with the sachet mentality of Filipinos, making our product really intuitive,” de los Angeles added.  

Despite the ease of use, Jaime stresses that employers need not worry about overexposure as the credit limits are a percentage of an employee’s salary. “Interestingly, we’ve seen that combining flexibility with controlled limits actually helps promote responsible borrowing with our customers as they draw only what they need, versus having to accept a fixed amount that they’ve been approved for and be forced to draw it all in one shot – even if it means being overleveraged. We really see ourselves as a financial bridge – providing financial assistance to employees while ensuring they still have enough to take home.”

On the client front, Advance works with employers by taking over the informal (and oftentimes very tedious) practice of lending to their employees. “We’re proud to provide our service for free and at no liability to our partners, so they can utilize their cashflow for the operational needs of their business and focus on their core competencies. At the same time, they’re still able to provide financial assistance to their employees through us, in a way that’s fair, convenient and designed to really suit their needs”, Jaime stated.

Compared to other online lenders who charge as much as 80% per month, Advance doesn’t charge any interest (0%), and only issues a small processing fee which is added to the repayment amount. The launch welcomes Advance to the Fintech Philippines Association, making them one of the many tech firms participating in the FPh ecosystem, but one who is approaching financial inclusion and credit in a truly unique way.

“We are very proud to partner with a one-of-a-kind platform like Advance. I do believe that this is an opportunity for many employees to have more access to financial security than ever before.” FPh Executive Director Amor Maclang said.

How to avail of Advance services

Advance FAQ

1. Who is Advance?

We’re the fastest and most convenient online salary loan provider in the market today.

2. What does Advance do?

Advance provides fast, convenient, and affordable financial services to Filipino employees. We issue instant, short-term salary advances at 0% interest.

3. My company doesn’t offer Advance. What can I do?

You can start by referring your company so we can learn a bit more about you. We facilitate everything from onboarding to collections and work with you to align with your company’s current processes.

4. How do I request for a salary advance?

Easy! Once your employer has partnered with Advance, just enroll online and submit your personal details so we can verify eligibility. After approval, you’ll be issued a credit limit and can start using Advance immediately.

5. How much can I advance?

Eligible borrowers can advance up to 50% of their monthly salary, anytime.

6. What is the Interest Rate?

Advance doesn’t charge any monthly interest, just a small processing fee.

7. What are the eligibility requirements to request for an advance?

Advance is available for the regular employees of our accredited company partners. At a minimum, employees must be 21‐60 years old and a Filipino citizen.

8. How long will it take for my salary advance request to be approved?

Advance can review and approve your request in as fast as two minutes.

9. How soon can I get my salary advance?

Once approved, funds will be credited instantly to your payroll account.

10. How do I repay my salary advance?

We’ve made repayments hassle-free by working with your employer to automatically process the repayment for you via salary deduction.

11. Where do I go to view the status of my salary advance request?

You can view transaction details, statements, payment schedules, and more by logging into your Advance dashboard.

12. What Government IDs do you accept?

We accept the following Government IDs:

  • Philippine Passport
  • Driver’s License
  • Tax Identification Number (TIN) Card
  • Unified Multi-Purpose ID (UMID) Card
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) Card
  • PhilHealth ID
  • Voter’s ID
  • Postal ID
  • Senior Citizen ID
  • OFW ID
  • Government Office and GOCC ID, e.g. Armed forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)

The Fintech Philippines Association is the largest and most inclusive association in the Philippines that promotes digital entrepreneurship.

Companies interested to partner with Advance may visit to provide this innovative financial service to their employees.

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