Kaisa ninyo kami as you take your first step in rebuilding and recovering from Typhoon Odette!
In light of the unprecedented financial effects brought by Typhoon Odette in some parts of the Philippines last December 2021, Flexi Finance Asia Inc. grants a 30-day loan extension to some of our affected active clients, allowing them to reallocate their budget towards more urgent needs.
Who are eligible for the 30-day extension?
- Existing Clients living within the Typhoon-Odette-hit areas, namely, Cebu Butuan, CDO, Bohol, Leyte, Palawan and Surigao.
- Those with active loans and don’t have overdue payments as of December 15, 2021
- All clients with Flexi Finance loan payments due within December 15, 2021 – January 14, 2022.
See the example below for more details.
Scenario 1 (Delayed payment)
| No. of installment | Amount to be Paid | Original Due Date | New Due Date |
| 1st | 1,500.00 | 22-Oct-21 | |
| 2nd | 1,500.00 | 22-Nov-21 | |
| 3rd | 22-Dec-21 | 22-Jan-22 | |
| 4th | 1,500.00 | 22-Jan-22 | 22-Feb-22 |
| 5th | 1,500.00 | 22-Feb-22 | 22-Mar-22 |
| 6th | 1,500.00 | 22-Mar-22 | 22-Apr-22 |
Loan term will be extended for 1 month and the last installment will be on April 22, 2022. There will be no penalties and additional interest for the January 22, 2022 payment, if paid on time.
Scenario 2 (Scheduled payment)
| No of installment | Amount to be Paid | Original Due Date | New Due Date |
| 1st | 1,500.00 | 22-Oct-21 | |
| 2nd | 1,500.00 | 22-Nov-21 | |
| 3rd | 1,500.00 | 22-Dec-21 | 22-Jan-22 |
| 4th | 1,500.00 | 22-Jan-22 | 22-Feb-22 |
| 5th | 1,500.00 | 22-Feb-22 | 22-Mar-22 |
| 6th | 1,500.00 | 22-Mar-22 | 22-Apr-22 |
In case a Client still paid on December 22, 2022, it will be considered as an advance payment since the loan term is automatically extended for 1 month, making the new due dates, for the 3rd installment on January 22, 2022, and for the last installment on April 22, 2022.
Scenario 3 (Advance payment)
| No of installment | Amount to be Paid | Original Due Date | New Due Date |
| 1st | 1,500.00 | 22-Oct-21 | |
| 2nd | 1,500.00 | 22-Nov-21 | |
| 3rd | 22-Dec-21 | 22-Jan-22 | |
| 4th | 3,000.00 | 22-Jan-22 | 22-Feb-22 |
| 5th | 1,500.00 | 22-Feb-22 | 22-Mar-22 |
| 6th | 1,500.00 | 22-Mar-22 | 22-Apr-22 |
Should the Client choose to pay unpaid December due together with the January due, the Client’s January due payment will be considered as an advance payment and the contract’s last due is still moved to April 22, 2022, even if paid early or on time.
For more questions and clarifications, email our Customer Care Department at info@flexi.com.ph or chat with our associate through our Facebook Page so we could assist you.