SB Finance Company, Inc. has introduced eSALAD Lite, a new entry-level credit facility designed to give eligible Security Bank payroll account holders faster and more affordable access to short-term cash support, with loan amounts starting as low as P3,000 and carrying 0% interest.
Positioned as a simpler and more accessible variant of the company’s existing eSALAD product, eSALAD Lite is tailored for Security Bank payroll clients, including newly onboarded employees who have already received at least one payroll salary credit. This makes it especially useful for workers who may still be in the early stages of building their financial profile and may not yet qualify for regular salary loan products.
With eSALAD Lite, SB Finance is offering a practical borrowing option for employees facing short-term cash flow gaps, without the burden of traditional interest charges. Instead of interest, the facility applies a flat fee for every availment, making costs easier to understand and manage.
The process is designed for convenience. Employees can access the loan through SMS, eliminating the need for lengthy applications and allowing quicker access to funds when needed. Repayment is also streamlined, with the loan amount automatically deducted from the borrower’s next payroll credit. Each availment also comes with credit life insurance coverage, adding an extra layer of security and peace of mind.
Under the program, qualified employees may borrow between P3,000 and P10,000 for a one-month term that covers two payroll cycles. Only one active availment is allowed at a time, although borrowers may apply again after full repayment, subject to continued eligibility and an active payroll account.
“We want to make short-term borrowing more accessible, especially for employees who are still early in their financial journey,” said Jasmin Gaa, head of Corporate Employee Loan at SB Finance. “Through eSALAD Lite, we are offering a simple and affordable way to access funds when needed, while also helping employees begin building their credit profile for future borrowing.”
Beyond immediate financial relief, SB Finance said eSALAD Lite can also serve as a stepping stone for employees looking to establish a positive repayment track record. By building responsible borrowing behavior, users may eventually qualify for higher credit limits under the regular eSALAD program once they meet the required criteria.
With the launch of eSALAD Lite, SB Finance is responding to the growing demand for small, fast, and manageable credit solutions that can help employees bridge everyday financial gaps without being tied down by high-interest or long-term debt.