Investing in innovations that help move people forward, the MFT Group of Companies launches its newest venture, QLO or Quick Loans Online, a loan facility under MRACC Credit Corp. QLO gives partner companies the facility to provide their employees access to quick, hassle-free salary loans.
QLO has fully automated processes accessible through its website, making it much easier for the availing employees to track their finances. The application dashboard allows the user to see upcoming payment dues and payment history.
MFT Group is a private equity firm that primarily invests in family legacy businesses. Its diverse portfolio includes, among others, firms in financial services, healthcare, and food sectors. In fulfilling its mission, it has taken upon itself, through QLO, to respond to the challenges faced by partner firms in providing credit to their employees.
Mica Tan, CEO of the MFT Group, said motivating and sustaining energies of companies’ talent pool are vital.
“Through QLO, the MFT Group extends resources to our partner companies to help them cross over challenging times and keep their focus on their respective missions,” Tan said.
Disbursement of loan proceeds to qualified employees takes a period of 24 hours upon endorsement of their respective human resource groups. Employees of partner firms may also choose the payment terms that they deem fitting for their paying capacity. Terms range from 3 to 12 months to fully settle their accounts. Loan settlement per month is automatically deducted from their monthly salary, making it hassle-free.
