PayRemit

PayRemit enables migrant workers to shop for their families back home.

The PayRemit app is a well-stocked and curated mobile e-commerce platform that delivers items across Luzon, select Visayas and Mindanao areas.

With PayRemit, migrant workers can shop and apply for product loans directly on the app or seek assistance from one of PayRemit's Sales Agents available across 22 countries.
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Through PayRemit's product loans, customers can shop and pay in easy installments making online shopping light on the pocket.

*SERVICE FEATURES FOR INSTALLMENT
PayRemit offers a wide range of product categories and top brands tailored to meet the interest of every Migrant Worker as long as it is available in their chosen area.
You can buy products in installments in PayRemit with our fast purchase and approval process and easy repayment.

*Maximum Appliance/Gadget Loan Amount: Up to Php 26,000.00
Period: Repayment in installments, can be availed for up to 6 months installment depending on Visa Validity and Item price. You can choose within the following terms as long as applicable:
3 months
4 months
5 months
6 months

*Loan Amount: Total of Item Price, Delivery Fee and Service Fee multiplied by Downpayment Percent. Principal: Loan Amount Divided by number of months.

*Interest: 5% of the principal per month
*The maximum annual interest rate APR is 30%, and the Loan fee is 350 for Filipinos.

*Example:
If you apply to buy a mobile phone in installments,
the price is Php 12,682.83 (inclusive of *Delivery Fee and *Service Fee) and the client chooses 3 months.

Total Loan Amount: 12,682.83 PHP
DP: 3,520.71 PHP ((Loan Amount x 25%) + loan processing fee)
Principal: 3,170.71 PHP - (Loan Amount x 25%)
Interest: 475.61 PHP - (Loan Amount x 5%)
Monthly: 3646.32 PHP (Principal + Interest)

*Repayment period is 90 days minimum up to 244 days maximum depending on chosen monthly terms.

*Privacy and Permissions - Your privacy is of utmost importance. Your personal information will never be shared without your direct and explicit permission. Your identification documents and other information will only be used to verify your identity and build your credit profile. To verify your identity, we require the following app permissions:

**Storage - We use your device storage as temporary data storage during entry of your user profile and allow you to upload images in the app.
Location - We use your location and device information to help prevent fraud, validate information you share and assess your credit eligibility.
External Data about other apps - We use information about installed apps to help prevent fraud, validate information you share and assess your credit eligibility.

Contact us
For feedback and other concerns, you may contact us at:
Website: www.payremit.biz
Facebook: @PayRemitPhilippines
Address:
Unit 2003 One San Miguel Avenue Office Condominium, One San Miguel Avenue, Ortigas Center, Pasig City 1605, Philippines
Email: [email protected]
Contact no. +63 8 571-7867

Please visit https://www.payremit.biz/our-services for updates on our products and services

*PayRemit does not offer personal/cash loans. This is only a platform to extend installment plans for Appliances and Gadgets.

All loans/Installment are extended by Advantage Lending Corp- duly approved by the Commission-May 27, 2019 upon the issuance of the Certificate of Incorporation and Authority in accordance with the Revised Corporation Code of the Philippine (Republic Act No’ 9474, otherwise known as the Lending Company Regulation Act of 2007. With Company Registration No. CS201905678 and Certificate of Authority NO. 2935.

Advantage Lending Corp. is duly licensed by/registered with the Philippines Securities and Exchanges Commission to operate with PSEC Registration number CS201905678

Certificate of Authority to Operate a Financing/Lending (CA) Company Number 2936