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EMPLOYEE SALARY LOANS

Fair employee salary loans at
no risk or cost to your business

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For employees

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Market-leading interest rates
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Improved financial flexibility
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Quick access to funds
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Reduced financial stress
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For your business

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Convenient cash advances
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Employee satisfaction and loyalty
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Staff upskilling and development
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Shows dedication to staff welfare
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Designed for your business needs

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Upskilling

I want to help my staff grow but cannot fund all employees, and they don’t have funds set aside for self-development.
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Medical Emergencies

In times of crisis, my staff ask for cash advances and I want to help. But this can blur our professional and personal boundaries.
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Employee Loans

I want employees to have access to loans but existing rates are usually very high and I am cautious about the debt involved.

What we offer

Employee Wellness
 Financing

Employees can avail of lower interest rates for upskilling and medical loans.
0.9% interest for employee wellness financing
SME can pre-select which productive use cases qualify, but examples include training, healthcare, and equipment
First Circle will pay vendor or service directly
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Classic Salary Loan

Pre-approved employees can have their salary advanced to the bank account or e-wallet of their choice.
One of the lowest rates in the market and no hidden services fees or extra charges
Available to employees working for at least 3 months with the company (but further requirements may be added)
Flexible payment terms ranging from 3-12 months
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No risks for your business

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Repayments will not affect your credit score with First Circle.
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Repayments will be deducted from employee payroll.
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Zero repayment obligations for your business.

Designed to cover
all employee needs

Employees can avail of lower interest rates for Upskill and Medical Loans.
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Upskill Loan

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Medical Loan

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All-Purpose

Price

0.9% per month
0.9% per month
1.7% per month

Eligible

Educational and training services pre-selected by SME
All valid medical expenses (including next of kin)
All employees pre-approved by SME with controlled amounts

Drawdown

FC pays training service directly
FC pays medical practice directly
Employees receive directly

Repayment

Salary deduction
Salary deduction
Salary deduction

Risk to SME

No repayment obligation; no impact on standing with FC
No repayment obligation; no impact on standing with FC
No repayment obligation; no impact on standing with FC
Upskill loanMedical loanAll-Purpose loan

How it works

1
Tell your account manager that you’d like to enroll, or simply join the waitlist below.
2
Share your employee details and indicate those who you’d like to qualify for Employee Benefits.
3
Qualified employees will be emailed asking if they’d like to join the program.
4
All Employee Benefits repayments will be made through salary deduction.
Employee Benefits is automatically available to all customers with a First Circle account
Apply now

FAQs

What qualifies as Employee Wellness Financing?
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How can I apply for Employee Wellness Financing?
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Can I make advance repayments on my loan?
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Can I apply for Employee Wellness Financing for my family?
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Have more questions? Visit our Help Center

Open an account in one day

No paperwork

Online application form in 5 minutes with 3-7 documents required.
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No branch visits

Open your account from the comfort of your own office or home.
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Same or next-day account opening

Start banking without delay.
Open an account today

Why Smart Businesses choose First Circle

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To grow

₱11 billion in loans given to support business growth
Average 80% revenue growth experienced within 2 years
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To save time

5 minute account opening
Loans disbursed in 1 day
No paperwork needed
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To save money

Most affordable no-collateral funding available
Fee-free payments
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To minimize risk

Minimize downside risk
Never miss an opportunity due to cashflow gaps

security is our priority

Our Investors

Our PARTNERS

First Circle is regulated by the Securities and Exchange Commission (SEC). For concerns, you may contact SEC at (+632) 8818-5554 or crmd_publicassistance@sec.gov.ph.