RIZAL MICROBANK TAPS LENDR TO REACH A BIGGER MARKET. In photo (from left) Jing Gusto, Rizal MicroBank FVP for Strategic Management; Orlando B. Vea, Voyager Innovations President and CEO; Manuel V. Pangilinan, PLDT, Smart, and Voyager Innovations Chairman; Raymundo Roxas, Rizal MicroBank President; Lito Villanueva, FINTQ Managing Director.
Yuchengco-led Rizal MicroBank has tapped Lendr, the award-winning and the country’s largest digital lending platform as a service of FINTQnologies Corp. (FINTQ), to reach a wider market to offer its agricultural and business loans.
“Being in Lendr complements our branches, allowing us to reach more people to avail of our AgriBusiness and Small Business loans. This partnership with Lendr also provides our customers the convenience of applying for a loan which they can now do at the comforts of their home through their computer or mobile device,” said Raymundo Roxas, Rizal MicroBank President.
“We are delighted to have Rizal MicroBank in Lendr and provide them a channel that can expand their reach, particularly in far-flung areas. We always aim to help our partners grow their business through our digital platforms,” said Lito Villanueva, FINTQ Managing Director.
Applying for a loan via Lendr is easy. Prospective borrowers simply need to visit Rizal MicroBank’s Lendr website (rizalmicrobank.lendr.com.ph) and create an account. Once the account is created, click sign up to log-in into your account. Choose what type of loan you want to apply for. Click SME/ Business loan for (PITAKA SmallBiz Term Loan) or Agri Loan for (PITAKA AgriBiz Term Loan). Indicate the details of your loan and Lendr will show a computation of the monthly amortization and interest rate. Complete the application form, attach all required documents and click Submit.
Lendr has the most expansive loan offerings from partner banks and financial institutions in the Philippines. On top of the traditional salary, personal, home and auto loan products, it offers mobile crop loan, medicine loan, mSME loan, Overseas Filipino loan, and truck and equipment loan, among others. It has disbursed loans in excess of P35 billion since it was introduced in 2015 registering compounded growth rate of over 60% compared to industry rate of 17%. Lendr was cited as the Consumer Finance Product of the Year by the Asian Banker, the first FinTech-initiated service to win such recognition.