What we do
Earning a decent living is part of our everyday existence. Simplex Loan, Inc. was borne out of our desire to help people who are in dire financial strain, you! We want to serve those hard-working and honest individuals who are in need of immediate loans. Our easy payment terms, low interest rate and fewer requirements for qualification help ease the burden of securing a loan. When you have pressing financial needs, Simplex Loan, Inc. is just a couple of clicks away.
We also encourage people to earn and save. Simplex Loan, Inc. offers the Borrow and Earn Referral System. A client borrower can refer his/her friends who are also in need of short-term loan to us. You earn commission from each referral that has been approved for a loan.
Simplex Loan Referral System
We also offer the chance for our borrowers to earn through our Borrow and Earn Referral system. Borrowers who refer to us people who are also in need of short-term loans earn commissions. At the same time, as they build their account profile and healthy credit history, they get the chance to have their own loan interest reduced.
We know how difficult it is to apply for a loan from a bank and other financial institutions. There are too many requirements and collateral is also required. This is how the standard financing system works. At Simplex Loan, Inc. we strive to make it simple and easy for people who are in immediate need of cash to avail of a loan without too many hassles and long waiting period.
Why subject borrowers who are already burdened with financial worry to submit various other requirements before a loan can be approved. We are here to answer your short-term financial need. Our loan process is not complex. We only meet with you when you are ready to sign the Loan Agreement. You do not have to make numerous follow-up phone calls. We do the rest and give you a call when your loan has been approved. Your waiting period is likewise very short – between one to two working days!
The short-term loans we offer at Simplex Loan, Inc. are flexible, and we ensure that our policies are made clear to everyone. We are ready to offer financial help to as many qualified working people residing in Cebu who are in need of cash, but we are still very selective in choosing the people we help. It is our policy to extend loans to borrowers who have the capacity to repay us quickly. You know why? It’s because it will help us to help more people.
How to Qualify for a Loan
Simplex Loan, Inc. responds to the needs of the time. We make sure that it will be easy for you to get in touch with us. Visit our website and create an account with us. We keep your personal information in our secure server. After you have provided us with all the required information we start our own credit background check.
We collect verifiable information including your full name, date of birth, permanent and temporary home addresses, phone numbers (fixed and mobile) for residence and work, work history, current office name and address and bank account information.
We are stringent with our loan policies because we only want to serve qualified individuals who are able to pay back their loans in time.
Criteria for Loan Application
The loan application at Simplex Loan, Inc. is done online. We still reserve the right to do the proper background check on the people who apply for a loan with us and approve a loan application. We understand that people sometimes need help for their current cash-flow problem. However, we do caution you that a short-term loan is not a solution to your long-term financial problem. You should only apply for a short-term loan when you are sure that you will be able to pay us back in full on or before the terms of the Loan Agreement expires. It will cost you more if you are unable to repay your loan on time.
We encourage you to do the following during your loan application:
It will take 24 to 48 hours for Simplex Loan, Inc. to process your loan application. The interest rate varies depending on the length of time you need to pay the loan in full. Other charges apply, as stated in our Terms and Conditions. Please read our FAQs to learn more.
Who We Are
Simplex Loan, Inc. is part of the Orange Card Lending Investors Corporation. We have been in operation since January 2012. We might be new in the industry but we are solidly backed by a management team with several years of experience in management and financing business.
Chief Operating Officer
Mr. Ildefonso Rosales has years of experience in financing. He was with the Norkis Group of Companies, managing the company’s auto financing and pawnshop operations. He joined Nikita Group of Companies eight years ago. He is in charge of managing and overseeing the day-to-day operational activities of companies, including Simplex Loan, Inc. under the Orange Card Lending Investors, Corp. umbrella. During his years with the company, Mr. Rosales has opened 26 new branches and offices in Mindanao, Panay and Bohol.
Chief Accountant and Treasurer
Mrs. Reggie Lacanglacang is in-charge of the financing activities of Simplex Loan, Inc. She is also in-charge of the preparation of financial statements and company payroll.
Human Resources Manager
In-charge or hiring and handling employee issues is our Human Resources Manager, Mr. Roden Goloso.
Chief Information Officer
Our website, our secure servers and our propriety software development are all ably handled by Mr. Nikolai Pesochenskii.
Chief, Simplex Loan Auditing Department
The auditing department of Simplex Loan, Inc. is under the care of Mr. Bantiles. He also takes charge of recruiting and management of a team of financial auditors and prepares all the audit reports of the company for submission to management.
Chief, Simplex Loan Legal Department
The management of a financing institution carries a lot of legal responsibilities. Our legal department is headed by a highly experienced lawyer, Attorney Himey Hiyas, who has a vast experience in the handling and preparation of loan agreements, overseeing that our financing operations are in accordance with Philippine laws and those of the financial governing bodies that cover financial institutions. Attorney Hiyas is also our legal counsel and represents the company in court.
Simplex Loan, Inc.
Nikita Financial Center
No. 8 R. Colina St., Mabolo,
Cebu City, Philippines
Peer-to-peer lending was conceived as a way to democratize finance, by using technology to bring borrowers and lenders together. Individuals could make their pitches to borrow money or offer credit without the involvement of institutional lenders.
Verification and security are important parts of our process. In order to complete your loan application, we verify your identity and income mostly by submitting your documents online.
It generally only takes 24 hours from receiving all your relevant supporting documentation to provide the applicant with a decision.
Simplex Loan is not your ordinary company, so expect extraordinary customer support around the clock. Remarkable customer service has the power to change someone's day or even life.