Despite the importance of small- and medium-sized enterprises (SMEs) to the Philippine economy and the daily lives of normal Filipinos, they get little support from most major financial institutions. By one estimate, only 4% of business banking loans are granted to SMEs even though they make up the overwhelming majority of businesses in the country.
Thankfully, entrepreneurs can now stop looking for the most convenient business loan Philippines has to offer. Maya Flexi Loan—a special loan product from Maya Business—is set to transform how loans for businesses are made.
Maya Business designed the Flexi Loan product specifically to meet the needs of Filipino SMEs. Through Maya Flexi Loan, SMEs can borrow up to PHP 2 million at 1-5% service charge with no collateral and without the need to resubmit any documents. With just a one-time 1% admin fee, qualified merchants can get the funds they need to expand their business or cover gaps in their operations, straight to their business’s Maya Business Deposit account.
Are You Eligible for Maya Flexi Loan?
Qualifying for a Maya Flexi Loan is easy. To be approved for a loan, borrowers must comply with the following criteria:
To maximize the chances of approval, be sure to use your Maya payments solutions actively and open a Maya Business Deposit account. If you are a new merchant, sign up today and become an active user of these services to speed up your Flexi Loan approval.
Maya Flexi Loan Application Process
Before applying for a Maya Flexi Loan, be sure that you already have a Maya Business Deposit account. This is important as the loan will be deposited into your account once it is approved. If you already have a Maya Business Deposit account, simply do the following:
Once our approval system finds you eligible, you'll be given a loan offer of up to PHP 2,000,000. To start using your loan, all you have to do is follow the instructions to complete the rest of the application.
In case you're not found eligible for a loan, our team will inform you about the soonest time when you can resubmit your application. To proactively check on your eligibility, revisit the Loans tab from time to time to see if your status has changed or if you’re qualified for some other offer.
How Long Do I Have to Wait for My Maya Flexi Loan Approval?
Unlike in traditional bank loan processing, with Maya Flexi Loan, you'll immediately be notified if your request has been approved. Approvals are contingent on having a Maya Business Deposit account as well as frequent Maya Business activity. To ensure that you’ll be able to immediately enjoy a loan in the amount you need, keep on accepting payments through Maya Business solutions.
Where Can I Access the Money When My Loan Is Approved?
All cash facilitated through Maya Flexi Loan is immediately deposited straight to your Maya Business deposit account. Once the funds are available, you can use them for whatever your business needs.
What Can I Use My Loan For?
Your small business loan can be used for a variety of legitimate business needs. You can use Maya Flexi Loan to facilitate the following:
Secure Your First Maya Flexi Loan Today
Filipino SMEs deserve safer, more convenient, and better-quality loans. Maya is proud to be an institution that not only helps ordinary Filipinos succeed but also has a direct hand in incentivizing growth and innovation throughout the country—one small business loan at a time. Sign up for Maya Business and open a Maya Business Deposit account today to get started on your first loan.
And if you’re wanting to get more out of Maya Business and are hoping to accelerate your business growth through loans and other banking solutions, Maya’s 1-2-3 Grow Bundle is for you. Businesses that sign up for this offer get to enjoy a 1% merchant discount rate (MDR) on all QR Ph sales (valid for 3 months upon onboarding) as well as 2.5% p.a. interest on their Maya Business Deposit account. Additionally, signing up entitles you to a Maya Flexi Loan offer in just 3 months. With 1-2-3 Grow, going cashless has never been so rewarding.
