CBS, PLDT unit to service loans through online platform Lendr

by Maricel Burgonio for Manila Bulletin,

China Bank Savings (CBS) has partnered with PLDT unit  Voyager Innovations to service loans through Lendr, the country’s first online marketplace platform for consumer loans.

CBS is the first thrift bank to join the fast expanding partners for Lendr which was initially introduced last month.

In a statement, the CBS said that Lendr will offer convenient, transparent, fast and secure service through a marketplace that provides an all-in-one account and multiple loan options, delivered straight to the mobile device.

Lendr is a fully digital, multi-channel, telco and bank agnostic solution that financial institutions and credit providers can use to reach consumers planning to avail of loans.

” It reaffirms our strong commitment to introduce customer-centric delivery systems for our products and services. With the Lendr, our clients can look forward to greater mobility in banking,” said Ricardo R. Chua, Chairman, China Bank Savings.

With Lendr, any consumer can apply any time whenever they need money for emergencies, minor house repairs or school tuition via SMS, mobile app or online with any device or telco provider.  Consumers are in full control as they can keep track of their loan application status, loan repayments and amortization schedule.

“We’re excited to have CBS on board in our pioneering digital loans platform Lendr. Fintech is changing the banking  industry and we are delighted to enable our partner banks to serve their customers better,” said Orlando B. Vea, president and CEO of Voyager Innovations.

CBS president Alberto Emilio V. Ramos said that it will pave the way for broadening CBS’ market share.

“This platform will enable us to service the needs of our clients more efficiently. More importantly, Lendr will empower both our existing and prospective clients who will now have a convenient, fast access to product information and options,” said Ramos.