Push Admin

Dreading 'petsa de peligro'? Startup offers salary advance for workers

Article (news)

Jessica Fenol, ABS-CBN News

MANILA – A local startup is offering salaried workers the option to draw in advance from their paychecks, adding to the wave of internet-based sachet loan options.Advance.ph simulates the &quot;bale&quot; system and allows partner companies to provide loans from P1,000 to up to 50 percent of an employee&#x27;s salary, its co-founder Jaime de los Angeles said.It was designed to help at least 80 percent of Filipinos go from paycheck to paycheck, dreading &quot;petsa de peligro&quot; or the day before payday when funds are dry.&quot;Many Filipinos go through that situation in a month-to-month basis and we really want to come up with a solution to address that,” De los Angeles said.&quot;We cater really to the sachet mentality of many Filipinos who are used to getting a little bit of what they need, when they need it versus getting a bigger chunk,&quot; he said.Loans are processed in 2 steps and within seconds while payments are made through salary deduction and can be extended to up to 4 tranches or within 60 days, co-founder Addi Guevara said.There is no need for collateral, a witness or a co-borrower since the maximum loan amounts are covered by the employee&#x27;s salary, he said.<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2019/news/07/23/20190723-advance.jpg?ext=.jpg"/><figcaption>A cash advance can be filed within the mobile-friendly online platform. Funds are transferred to the employees&#x27; payroll account real time. Screengrab</figcaption></figure></div>Advance charges a processing fee of 3.5 percent but it has no interest or other charges, making it more economical than using a credit card, the founders said.The lending platform caters to both small companies with as low as 25 employees and to conglomerates. It is also “on track” to break its full year target of P100 million of loans dispersed, De Los Angeles said.Guevara said partner firms could give them access to between 300,000 to 500,000 employees in the country, but he did not disclose the total number of current affiliates.Asked about the “shaming” strategy where lenders reach out to mobile phone contacts of the borrowers when they default on payments, Guevara said they would reach out through legal means with “definitely no harassment,” adding salary deduction is the standard and preferred payment method.

Advance.ph simulates the "bale" system and allows partner companies to provide loans from P1,000 to up to 50 percent of an employee's salary.

Advance.ph simulates the "bale" system and allows partner companies to provide loans from P1,000 to up to 50 percent of an employee's salary.

Dreading 'petsa de peligro'? Startup offers salary advance for workers

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

Dreading 'petsa de peligro'? Startup offers salary advance for workers

Jessica Fenol,

ABS-CBN News

Published July 23, 2019 02:46 PM PHT

|

Updated July 23, 2019 03:43 PM PHT

Read More:

Salary

payday

loans

cash advance

finance

Advance.ph

lending

personal finance

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.