SALPay Loans: real money straight from your app
Whether getting the check one night at the end of the month, or thinking about making a big purchase, most people have, at some point, needed a little extra cash. If you’d like to know more about the loans SALPay already offers its clients, keep reading.
Flash Loans
Small loans are common among friends, or — sometimes, sadly, ex-friends. But why ask a friend or colleague for a few thousand pesos when you can get it right away from an app, and repay it automatically and conveniently?
That’s the purpose of Flash Loans. Getting money, no questions asked, directly into your SALPay account. Swiped at a store and it said “insufficient funds”? A few taps on your phone, and now you can pay for your purchase.
Nothing beats the convenience of Flash Loans.
Easy Loans
Larger loans are a bit more complicated to get, but SALPay has managed to remove as much friction as possible. How does it work?
In broad terms, a SALPay user will request for a loan, and a pool of lenders will make offers for that request. Then it’s up to the user to accept or reject the offers that the lenders made. If one of them is accepted, then the user gets the money immediately, and the lender will get the details of the (until then) anonymous loan requester.
These are just two examples of how users benefit today from using SALPay. We are revolutionising the way banking is done in the Philippines, and soon in other countries. With the help of SALPay Tokens, we could turn these and other services into a global phenomenon.
The SALPay ICO runs until December 31, 2017. For more information, visit our website, ico.salpay.com, or join our Telegram and Slack channels.
