UnionBank, Maxicare and SeekCap Partner to Enable Healthcare Plans for MSMEs
06/ 21/ 2021
Manila, Philippines – The COVID-19 pandemic continues to present challenges for businesses and transform the way they operate. In today’s business environment, it is important now more than ever to take care of the most important form of capital: People.
SeekCap, the first online lending marketplace in the Philippines, partners with Maxicare to offer loans to businesses availing of its healthcare plans for Micro, Small and Medium Enterprises (MSMEs). These healthcare plans will provide employees a high quality, full coverage HMO plan.
Maxicare customers, both existing and new, can apply for a UnionBank business loan online through SeekCap, UBX Philippine’s digital lending platform for Filipino businesses. These loans range from Php50,000 to Php1M and are repayable over a period of 36 months.
We are truly excited with this partnership with Maxicare as it enables Unionbank to extend its digital lending proposition to SMEs availing of Maxicare coverage and at the same time, serving an even greater purpose – to continue to keep their employees covered even during this pandemic”, said Manuel Santiago, Jr., Chief Mass Market and Financial Inclusion Executive.
Applying for a loan with SeekCap is simple and completely digital. Its ability to assist partner lenders in digitizing and automating their lending processes reduces processing time and lending costs. MSMEs may complete their application and receive approval in the comfort of their own home or office. By removing the need for physical paperwork and personal appearances at the bank, approvals that used to take days, if not weeks, are now completed within a single day. Over 40,000 MSMEs have registered on the platform since its launch, and over Php 2 billion in business loans have been processed.
Maxicare Healthcare Corporation is a pioneer in the HMO industry,\ providing comprehensive healthcare programs to Filipinos for over 30 years. Maxicare services over 1.5 million members across the country through company, family and individual plans.
Maxicare offers a portfolio of comprehensive HMO plans that cater to MSMEs: the Maxicare PLUS for companies with a minimum of 10 and up to 99 employees, with no limit to the number of enrollees or dependents; the Maxicare Starter Plan for micro businesses that have a minimum of 3 up to 9 employees, and can service up to 99 enrollees or dependents; and the Maxicare BusinessEssential, an affordable SME Healthcare Plan, that gives MSMEs the option to have an Outpatient Care Program or a full HMO program, for companies with a minimum of 3 up to 99 employees.
This partnership will enable continued business growth for MSMEs while keeping the best asset of every business – its employees – a priority. To know more about the program and avail of Maxicare’s HMO plans, visit https://maxicare.com.ph/healthcare-program-for-my-organization/
About SeekCap- SeekCap is the first online lending marketplace in the Philippines. It was developed by UBX. UBX PH is the financial technology venture studio and fund of Union Bank of the Philippines. UBX is predicated on a future where financial services are invisible: seamlessly embedded into the experiences and activities that truly matter to businesses and people.
Learn more about the Maxicare SME Healthcare Plans x Unionbank Loan Program here: