EastWest to offer consumer loans via digital channel Lendr

EastWest Bank and FINTQ inked an agreement to offer the bank's consumer loans on Lendr. At the signing on July 11, 2017 at Makati Shangri-la Hotel were (from left) EastWest Bank's President & Deputy CEO Jesus Roberto S. Reyes, EVP & Consumer Lending Head Jacqueline S. Fernandez, and Chairman Jonathan T. Gotianun; PLDT, Smart, Voyager, and FINTQ Chairman Manny V. Pangilinan, Voyager President & CEO Orlando B. Vea, PLDT EVP & Chief Revenue Officer Ernesto R. Alberto, and FINTQ Managing Director Lito Villanueva.

EastWest, one of the country's most consumer-focused banks, has partnered with FINTQ, the technology arm of PLDT and Smart's Voyager Innovations, to offer easy and affordable consumer loans through the digital lending platform Lendr. This complements the traditional brick & mortar channel.

EastWest Chairman Jonathan Gotianun said that the bank has always believed in tapping technology and collaborating with partners to enhance product offerings and serve customers in the best way possible.

"We are very excited about this partnership. Lendr lets the bank reach out to more consumers. It also makes it easy and convenient for anyone to apply for an EastWest loan as they can simply use their computer or mobile gadget," said Gotianun.

EastWest Personal Loans and Auto Loans will be available on Lendr by the fourth quarter of this year. Eventually, the offering will also include EastWest Home Loans, SME Loans, and Credit Cards.

"Consumers today are very mobile and they want fast service. By offering our loans through Lendr, we are reaffirming our promise to customers that their dream is our focus. It is a very accessible channel through which we can help more Filipinos achieve their dreams," said EastWest EVP and Consumer Lending Head Jacqueline S. Fernandez.

"FINTQ now has the most expansive and the most robust financial technology platforms today. We are delighted to have EastWest Bank as our partner institution in making financial services more accessible and inclusive," said FINTQ Managing Director Lito Villanueva.

With EastWest consumer loans, customers can enjoy low-interest rates, flexible payment terms, and fast processing. EastWest is now considered the fourth-leading auto loans provider and the fifth-largest credit card issuer in the country with over a million cards-in-force

Lendr is the country's first 24/7 digital loans marketplace. Any consumer can apply anytime for a loan to purchase a vehicle, to pay for school tuition or dream vacations, or for emergencies via Lendr's mobile app or website, www.lendr.com.ph. Consumers are in full control as they can keep track of their loan application status, loan repayments, and amortization schedule.