PNB Savings Bank offers digital loan facility for SSS pensioners

MANILA BULLETIN | Wednesday, May 18, 2016

Philippine National Bank (PNB) and PNB Savings Bank today announced the launching of the country’s first digital and mobile lending facility specifically targeted at pensioners of the government’s Social Security System (SSS) powered by a platform called Lendr, developed by PLDT and Smart’s digital innovations unit Voyager Innovations.

SSS Pensioners with accounts at PNB and PNB Savings Bank can utilize the new facility powered by Lendr to apply for loans anytime, anywhere, using only their mobile phones or laptop devices.

“It has always been our thrust to put our customers first, and enabling our pensioners to take out a loan through Lendr echoes our commitment to making things simple and hassle-free for them,” said Joven Hernandez, president and CEO of PNB Savings Bank.

“The benefits of digital platforms like Lendr are maximized by those who are often out of reach by traditional systems, and pensioners are among one of them. Because Lendr can be accessed by anyone at any time and wherever they may be, pensioner-clients of PNB and PNB Savings Bank no longer have to leave their homes in order to apply for a loan. All they need is an Internet connection,” added Orlando B. Vea, President and CEO at Voyager Innovations.

Hassle-free service
By making SSS pension loans available via mobile and online applications, PNB and PNB Savings Bank is making the process convenient and hassle-free for its pensioner-clientele, most of which may have difficulty reaching traditional bank networks.

“We have designed Lendr to be very user-friendly across various demographics and accessible from a wide range of devices, offering the convenience of quick and hassle-free loans applications to customers,” said Lito Villanueva, Managing Director for FinTech, Digital Inclusion, and Alliances at Voyager. “We are encouraged by efforts of banks like PNB and PNB Savings Bank that are taking these first steps in digitally-enabling their customers in order to serve them better.”

SSS Pensioners with accounts at PNB and PNB Savings Bank are encouraged to proceed to their branch of account and update their personal information in order to receive timely updates regarding the service.

Enabling digital transformation of banks
Lendr is expected to further enable banks with their digital transformation, allowing them to reach customers beyond the traditional brick-and-mortar banking establishments. Previously, the digital platform has made available auto loans from China Bank Savings to be availed by interested users online, with more bank partners to be onboarded soon.

Its launch comes at an opportune time as consumers across all life stages and income groups have become more digital-savvy. Moreover, consumer lending in the Philippines continues to grow, posting a 19.3% increase in the second quarter of 2015 to reach P959.18 billion worth of loans disbursed during the period.

For more information on Lendr and to sign up for an account today, simply visit, like Lendr on, and follow @LendrPH on Twitter.

PLDT group enables 8 more partner banks with digital consumer loans platform Lendr

PLDT News | Friday, April 8, 2016

More banks and financial institutions recently signed up with digital lending platform Lendr to offer consumer loans via online and mobile, with the aim to significantly expand the reach of their financial products and provide convenient, hassle-free loans application to their customers.

Eight new partner banks – namely Bank of Makati, Cebuana Lhuillier Rural Bank,  Luzon Development Bank, Philippine Business Bank, Producers Bank, Rural Bank of Camalig, Sun Savings Bank, and UCPB Savings Bank – will soon have consumer loan products available on Lendr ( via online and mobile.

Lendr is one of the breakthrough products developed by FINTQ, the financial technology unit of Voyager Innovations, the digital innovations arm of PLDT and Smart Communications, Inc. (Smart).

For the Lendr partner banks, PLDT Alpha Enterprise and PLDT Smart SME Nation are offering the widest range of connectivity solutions that include fixed and wireless data access bundled with the latest devices and gadgets to help small businesses and enterprise clients harness technology to make their businesses relevant and stand out amid the competition.

“Digital technology affords businesses both big and small a level playing field, and that is most apparent in the case of our new financial partners, the rural and thrift banks. Lendr will help them vastly improve the scope of their consumer loans products by putting them directly into the hands of millions of mobile and online users nationwide,” said Manuel V. Pangilinan, Chairman at PLDT, Smart, and Voyager Innovations.

This officially brings the number of partners that have officially signed up with Lendr to 25 banks and financial institutions. Currently, loan products from China Bank Savings (auto loan) and PNB Savings Bank (SSS Pension Loan) are available via the platform.

“Today, every mobile phone in the country can be considered a virtual bank branch. With the help of Lendr, banks and financial institutions that used to operate in specific areas and regions can now reach out to the many who need financial help all around the country,” added Orlando B. Vea, President and CEO at Voyager Innovations.

Through Lendr, consumers availing of loans from partner banks can conveniently do the following on their mobile or laptop devices:

Complete the loan application process online: once they have chosen the loan products that they want, users can sign up and fill out the application forms via Lendr, eliminating the need to go to the bank to submit paper-based application forms;

Track their loan applications: Through the intuitive interface of Lendr accessible via the desktop and mobile site, users will be able to get instant updates and SMS notifications about their loan applications every step of the way; and

Monitor their monthly loan payments, balances, and amortizations: Once their loans have been fully approved and released, Lendr also allows users to keep track of their payments and balances, so that they do not miss out on their monthly dues.

As partners in the digital enablement of banks and financial institutions, FINTQ through Lendr aims to promote inclusive growth and financial inclusion in key emerging markets by leveraging on the latest mobile and digital technologies. Through a telco- and bank-agnostic digital lending platform, all consumers are able to look for and compare the loans that they need and apply through an easy and hassle-free system.

“In the emerging digital economy, businesses that are quick to adapt will be able to stay ahead of competition. We are encouraged that our partner banks and financial institutions have decided to take the first step in digital enablement by signing up with Lendr, and we are hopeful about a fruitful partnership that lies ahead,” said Lito Villanueva, Managing Director at FINTQ.

The commercial availability of Lendr is expected to help banks expand the availability of their loans portfolio as consumer lending in the Philippines continues to grow, posting a 19.3% increase in the second quarter of 2015 to reach P959.18 billion worth of loans disbursed during the period.

For more information on Lendr, visit or follow @LendrPH on Twitter or Like

Voyager Innovations focuses on delivering platforms for the emerging digital economy. Among the areas of digital life that its platforms and services are enabling include financial technology, digital commerce, rich mobile marketing, digital payments and next-generation communications.