Common Personal Loan Application Questions You Need to Prepare for
- By Adji Hendrawan
- August 16, 2022
A personal loan application in the Philippines is like any job application. As a prospective borrower, you do your best to prove you’re a worthy candidate for the lender’s money. The loan application form is your resume, and the requirements you submit are like your portfolio. And then there’s the dreaded interview portion. Are you ready for it? Aside from the information you provide in the application form, the lender will need to talk to you in person or over the phone to verify your eligibility and documents, especially if you’re applying for a business loan. This is part of the background check or credit investigation that banks and lending companies conduct to determine a borrower’s creditworthiness.[1] It’s also an opportunity for both parties—the lender and the borrower—to ask personal loan questions and make sure they’re fit for each other. You may be even asked to complete a credit investigation questionnaire. Before that important call props up, anticipate the questions that the lender might ask, come up with sensible answers, and rehearse with a friend if you must. It’s better to be over-prepared than be caught off guard with an unexpected question during your interview. Table of ContentsCredit Investigation Questionnaire and Process in the Philippines: Expect These Questions1. Can You Confirm Your [Personal Information]?2. What is Your Job and How Much Do You Make?3. How Will You Use This Loan?4. How Much Money Do You Need?5. Do You Have Any Credit Cards?6. Do You Have Any Current or Past Loans?7. What Kind of Loan Did You Have in the Past?8….
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Tala Loan Guide: How to Apply for This Cash Loan via Tala App
- By Adji Hendrawan
- August 9, 2022
What’s the quickest and safest way to borrow money if you don’t have any supporting financial documents? Have a hard time getting approved for a bank loan? Know that there are other ways to apply for a personal loan in the Philippines online, like quick cash loans from private lenders. One of the alternative loans to consider is Tala loan. Read on to learn more about this online lending company and the loan it offers. Table of ContentsWhat is Tala?Key Features of Tala LoanHow Much Can I Borrow From Tala?How Much are Tala Loan Interest Rates and Fees?Should I Borrow from Tala Philippines?Where Can I Use My Tala Loan?Tala Loan RequirementsHow to Apply for a Tala Loan in the PhilippinesTala Loan Application Process: Easy as 1-2-3Anti-Fraud Reminders From Tala Philippines1. Keep Your Personal Information Safe2. Beware of Fake Tala Pages3. Pay Only Through Official ChannelsTala Loan Application FAQs1. How long does Tala take to process a loan?2. How to cash out Tala loan?3. Where to pay my Tala loan4. How to pay Tala loan?5. How to pay Tala loan via GCash?6. What will happen if I miss my payments?7. Can I negotiate my Tala loan if I can’t pay on time?8. What is the contact number of Tala Philippines?Final Thoughts What is Tala? Tala is one of the top quick cash loan providers in the Philippines. It’s a legitimate online lender that’s registered with the Securities and Exchange Commission as Tala Financing Philippines Inc.[1] Based in Santa Monica, California, this fintech company also operates in Mexico, Kenya, and India. Tala…
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Pautang in the Philippines: Keep These Options in Mind for Your Next Cash Emergency
- By Adji Hendrawan
- August 5, 2022
“Utang” is so strongly embedded in the Filipino culture that 41% of adults have outstanding or previous loans, according to the latest Bangko Sentral ng Pilipinas (BSP) financial inclusion survey.[1] There are many options for pautang in the Philippines, the most common of which are emergency loans and personal loans. These instant pautang options can be very useful when you need immediate cash, especially during this pandemic and this financial crisis. Or during typhoon season when flooding can happen in minutes, or basically anytime a natural disaster strikes. However, it’s important to understand both the benefits and risks of each loan option before getting one for your immediate need. Here are just some of them. Table of ContentsPautang in the Philippines: 5 Ways to Borrow Money for an Emergency1. Emergency Loans2. Personal Loans3. Salary Loans4. Pawning or Sangla5. Pautang from Family and FriendsFinal Thoughts Pautang in the Philippines: 5 Ways to Borrow Money for an Emergency Do you have an emergency that needs urgent cash? Don’t panic. There are ways you can borrow money quickly and easily. Here are some types of pautang in the Philippines that can be very good for emergencies. 1. Emergency Loans What is an Emergency Loan? An emergency loan is an unsecured personal loan that you can borrow to cover the costs of unexpected expenses.[2] It’s a quick and easy way for cash-strapped Filipinos to fund unplanned expenses. And it’s particularly helpful when you need money to rebuild your home or repair your car after flooding, fire, earthquake, or any disaster. Most emergency loans in…
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Fund Your Next Big Purchase with the CBS Easi-Funds Personal Loan
- By Adji Hendrawan
- July 27, 2022
As a financially responsible adult, you want to have your ducks in a row so that you’re always ready for the unexpected. But sometimes, you’ll want more options, just in case. No matter your preparation, you may still need a financial boost when your savings won’t suffice. With the CBS Easi-Funds Personal Loan, you can easily get quick access to cash at affordable terms. In this guide, learn more about this China Bank Savings personal loan, its features and benefits, requirements, application process, and more. Table of ContentsWhat is CBS Easi-Funds Personal Loan? What Can You Use the CBS Easi-Funds Personal Loan For?How Much Can You Borrow with a CBS Easi-Funds Personal Loan?How Much Will the Monthly Amortization Be? China Bank Savings Personal Loan RequirementsHow Can I Get a CBS Easi-Funds Personal Loan?What is the Difference Between CBS Easi-Funds Personal Loan and Easi-Funds Salary Loan?How Do You Apply for a CBS Easi-Funds Salary Loan?CBS Easi-Funds Personal Loan FAQs 1. What is the China Bank Savings Personal Loan interest rate?2. How can you check the status of your China Bank loan application?3. How to apply for a China Bank Savings Account? Final Thoughts What is CBS Easi-Funds Personal Loan? The CBS Easi-Funds Personal Loan is a no-collateral cash loan offered by China Bank Savings, one of the leading thrift banks in the Philippines. China Bank Savings, more popularly known as CBS, is China Banking Corporation’s retail lending arm and has been operating since 2008. It acquired China Bank’s Manila Bank in 2007 and subsequently merged with Unity Bank and Planters Development Bank. CBS now has…
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Is Getting a Personal Loan Worth It? Consider These Pros and Cons
- By Moneymax
- July 21, 2022
When in need of funds for emergencies, we think twice about whether we should borrow money or not. We often ask: Is getting a personal loan worth it? Right now, when we think of the pandemic and everything that’s been happening, we immediately assume that personal loans are the best answer to our financial difficulties. But are they, really? In this article, we’ll give you some advice to help you weigh your options and decide if it’s worth it to get a personal loan. Table of ContentsIs It Bad to Get a Personal Loan?Pros and Cons of Personal Loans in the PhilippinesWhat are the Advantages of a Personal Loan?What are the Disadvantages of a Personal Loan?Is Getting a Personal Loan Worth It? 4 Good Reasons to Borrow Money✔️ Debt Consolidation✔️ Home Renovation✔️ Vehicle Financing✔️ Hospitalization and Medical NeedsShould I Get a Personal Loan?Final Thoughts Is It Bad to Get a Personal Loan? The quick answer: not always. There are good and valid reasons to get a personal loan because it can be used for almost anything. It can be beneficial in a lot of situations, especially in emergencies. But there are major repercussions if you’re not careful. Pros and Cons of Personal Loans in the Philippines What are the Advantages of a Personal Loan? Personal loans can come in handy, especially when your funds are running low. What is a good reason to get a personal loan, you might ask? Here are some benefits of getting one: Lower interest rates than credit cards – Monthly interest rates on personal loans…
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How to Compare Personal Loans: Know Which Loan is the Best for You
- By Moneymax
- July 18, 2022
Whether to cover medical costs, pay for a child’s tuition, or fund daily sustenance amid unemployment, personal loans are one of the easiest ways to address financial difficulties. But getting a personal loan should not be taken lightly. You don’t just grab whatever is available at the moment. Personal loans work very differently from other types of credit because you need to learn how to compare personal loans to make sure you can realistically pay back what you owe. In this article, we’ll discuss the most important details you should look for when shopping for a personal loan and how to compare personal loans from different lenders in the Philippines. Table of ContentsHow to Compare Personal Loans in the Philippines: 6 Things to Look For1. Type of Loan2. Monthly Flat Rate and Annual Percentage Rate3. Fixed-Rate or Adjustable Rate4. Loan Tenure5. Monthly Repayment Amount6. Total Repayment AmountFinal Thoughts How to Compare Personal Loans in the Philippines: 6 Things to Look For Whether it’s your first time taking out a personal loan or not, it’s important to know how to compare loans among different lenders to make sure you’re getting the right loan product. Here are important things to take note of. 1. Type of Loan Naturally, the best personal loan for your purpose will greatly depend on your current financial status. You may be looking for the most basic type of personal loan, with monthly interest and regular repayments made over a stated period of time. Examples of these include installment loans and debt consolidation loans. You may also be…
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Shop Now, Pay Later: What You Need to Know About Lazada Loan
- By Jay Pagkatotohan
- July 13, 2022
Everyone shops online now—that’s a fact of life! You can cop the newest kicks on your laptop, purchase flight tickets on your tablet computer, and even buy groceries on your smartphone. The best thing about doing online shopping these days? Some platforms have a loan facility at the ready! This means that you can now shop without a credit or debit card. You also don’t have to worry about where you should find cash in case you choose COD as your payment option. Lazada, one of the biggest online shopping platforms in the Philippines, offers a short-term lending program called Lazada Loans. Essentially, this is a Buy Now, Pay Later payment option that cash-strapped shoppers can use in case they need to purchase something right away. If you want to learn more about getting a Lazada loan, you’ve come to the right place. Here’s your comprehensive guide to this program. Table of ContentsWhat are Lazada Loans?What are the Benefits of Lazada Loans?1. Easy Application2. Low Interest Rate3. Fast Approval4. Accredited Lenders5. Flexible Installment PlanWhat are the Disadvantages of Lazada Loans?1. You May Earn Unnecessary Debts2. There are Other Fees to Cover3. It May Affect the Way You Deal with Other LoansLazada Loan RequirementsHow to Activate Your Lazada WalletHow to Apply for a Lazada LoanLazada Loan Providers in the Philippines🛒 LazPayLater🛒 Billease🛒 Tendopay🛒 UnaPay🛒 Paylater🛒 Cashalo🛒 InvestEdLazada Loan FAQs1. Where will I get the cash?2. Will the loan be credited in full or in installments?3. Do Lazada Wallet credits expire?4. How can I repay my Lazada Loan?5. My application is denied….
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Business Loan in the Philippines: Complete Guide for New Entrepreneurs
- By Adji Hendrawan
- July 6, 2022
Finding good sources of funding is a critical step in starting a business. A small business loan in the Philippines from the government, a bank, or a private lender is one viable financing option for budding business owners. However, three in four or 77% of 100 Filipino micro, small and medium-sized enterprises (MSMEs) surveyed by cloud banking platform Mambu[1] are unable to secure sufficient business funding. Of these businesses that lack funding, 48% went on to have cash flow issues and 48% failed to launch new products. To avoid experiencing such common start-up problems, secure a loan for starting a business instead of using up your savings or borrowing money from family and friends. Below are the basics of business loans in the Philippines and the different types of loans for every kind of business. In this guide, you’ll find different government and bank loan options for a start-up or small business. Table of ContentsWhat is a Business Loan?What is the Difference Between a Business Loan, Consumer Loan, and Personal Loan?How Do I Qualify for a Business Loan in the Philippines?Basic Requirements When Applying for a Business LoanWhat are the Four Types of Start-up Business Loans in the Philippines?1. Term Loans2. Credit Line3. Secured Business Loans4. Unsecured Business Loans7 Considerations When Choosing a Business Loan in the Philippines1. Your Purpose for Borrowing Money2. Loan Amount3. Method of Funding4. Loan Term5. Repayment Mode6. Collateral7. Interest RateFinal ThoughtsCompare Other Loan Options for Starting a Business in the Philippines What is a Business Loan? Start-ups need funding or capital to begin their operations and start earning a…
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Drowning in Debt? Here’s How You Can Eliminate Them
- By Moneymax
- June 30, 2022
One of the last things anyone would like to happen: having too much debt. But it does happen when debt is managed poorly. It’s bad for one’s mental health as it is to the wallet, but the problem of how to get out of debt in the Philippines can really cripple you if you do nothing about it. Taking proactive steps to solve this financial difficulty is a lot better than wallowing in anxiety and worrying over your unpaid obligations. It all starts with having a firm resolve to pay off what you owe, regardless of the types of debt you have and how you went into debt. Here are some of the concrete steps you can take to solve your debt problems and get your finances back on track. Table of ContentsHow to Get Out of Debt in the PhilippinesHow to Get Out of Credit Card DebtHow to Pay Off a Personal LoanHow to Pay Off a Home LoanHow to Pay Off a Car LoanHow to Pay Off Debt from Other PeopleFinal Thoughts How to Get Out of Debt in the Philippines There’s more than one way to solve the problem of how to pay debt despite having low income in the Philippines, mainly because there’s more than one type of debt to deal with. It’s best to strategize based on the debt you currently have and work your way up from there. How to Get Out of Credit Card Debt ₱297.49 billion—that’s how much credit card debt Filipinos have as of February 2019, based on the Bangko Sentral…
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Beware of Loan Sharks: How to Protect Yourself Against Illegal Lending Practices in the Philippines
- By Adji Hendrawan
- June 23, 2022
From 2017 to 2019, informal borrowing in the Philippines had grown significantly by 10%, while formal borrowing increased by 4%, according to the Bangko Sentral ng Pilipinas (BSP) Financial Inclusion survey.[1] The same survey revealed that overall, the incidence of borrowing among Filipinos increased, but mostly from family, friends, and informal lenders. Almost half of the Filipino adults were unable to meet regular spending needs before the pandemic. And with the regular fuel price hikes in the country, it’s expected that many will also fall victim to illegal lending schemes. Sangla ATM or ATM loans and 5-6 are two popular forms of informal or illegal lending practices in the Philippines. In times of financial emergencies, borrowers apply for a quick cash loan. Some borrow with ATM cards as collateral. On the other hand, a few unemployed borrowers still endure the hefty 20% interest rate from loan sharks that often resort to harassment[2] to collect the payment from defaulting borrowers. With the pandemic forcing the government to implement lockdowns and restrictions, more Filipinos who can’t pay off their debts raise the question: how to fight loan shark harassment in the Philippines? Table of ContentsWhat is a Loan Shark?What are the Illegal Lending Practices in the Philippines?1. Excessively High Interest Rates2. Requiring an ATM Card or ID as Collateral3. No Formal Loan Contract4. No Record of Repayments5. Unfair Debt Collection PracticesHow to Fight Loan Shark Harassment in the PhilippinesRecord Your TransactionsSecure ProofReport the Loan Shark to Appropriate AuthoritiesHow to Avoid Loan SharksFinal ThoughtsCompare Legit Loan Options in the Philippines What is a…
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Home Credit Cash Loan Application: How It Works Plus Pros and Cons
- By Moneymax
- June 14, 2022
Are you planning to start a small business or renovate a part of your house this summer? With the Securities and Exchange Commission (SEC) implementing a limit on interest rates imposed by lending companies,[1] your financial goals are within your reach. Yes, this means you can now start your Home Credit Cash Loan application. Borrowing can be a huge risk and may take a toll on your budget if you don’t manage your loans well or if you borrow from the wrong lenders. For your cash needs, consider applying for a cash loan from Home Credit. Read on to learn how the Home Credit Cash Loan works, if it’s a suitable option for you, and how to apply for it. Table of ContentsWho is Home Credit? What is Home Credit Consumer Loan?Key Features of Home Credit Standard LoanWhat is the Home Credit Cash Loan?Key Features of Home Credit Cash LoanWhat are the Benefits of Home Credit Loans?1. Easy Home Credit Requirements2. Quick Approval3. Flexibility4. Easy Loan Management5. Early Repayment Option6. Loan Insurance OptionWhat are the Drawbacks of Home Credit Loans?1. High Interest Rates 2. Easy Way to Earn Debt3. Rejection for Delinquent Borrowers4. Consequences of Late PaymentsHow to Apply for a Home Credit Cash Loan in 20221. Apply via My Home Credit App2. Apply via Home Credit Hotlines3. Apply via Partner StoresHow to Claim the Home Credit Cash Loan Proceeds1. Get the Cash Through Bank Transfer2. Pick Up Cash From Home CreditHome Credit Loan Application FAQs1. How do I send a message to Home Credit?2. How do you call the Home…
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Getting a Citibank Personal Loan? Know Its Application Requirements and Process
- By Adji Hendrawan
- June 7, 2022
Citibank is primarily known for its credit cards that complement a wide range of lifestyles and needs. But did you know that Citibank also has a good loan product that’s worth checking out? Such is the Citi Personal Loan. It has a lot of exciting features and unique selling points that make it a better choice over other loan products in the market. Interested? We’ve pulled together a comprehensive guide for you, from this loan’s uses to interest rates. We’ve also included a quick Citibank personal loan application guide in case you decide to avail of this product. Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities. Table of Contents✔️ What is a Citi Personal Loan?✔️ What Can I Use the Citibank Personal Loan For?Business ExpansionHome RenovationPersonal GrowthKids’ EducationDebt ConsolidationWeddingEmergencies and Unexpected ProblemsMake Your Goals Future-Proof with a Citi Personal Loan✔️ Why Should You Apply for a Citi Personal Loan?Fast Loan ApprovalHigh Loan AmountFlexible Loan Terms✔️ How Do I Qualify for a Citibank Personal Loan?✔️ What are the Required Documents for a Citibank Personal Loan Application? Citi Personal Loan Requirements for FilipinosCiti Personal Loan Requirements for Foreigners✔️ What are the Steps for the Citibank Personal Loan Application?How to Apply for Citi Personal Loan Online✔️ FAQs on Citibank Personal Loan Application and Payment1. The Citi Personal Loan Online Application system is not working. What should I do?2. How can I improve my chances of Citibank’s 24-hour approval?3. How can I check my Citi personal loan application status?4….
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Zuki by SB Finance: How to Get a Loan in Just a Few Taps
- By Jay Pagkatotohan
- June 1, 2022
You’re living in a world where you can access almost everything with just a few taps on your mobile screen. You can shop, buy plane tickets, and transfer money without leaving the comforts of your home. The lending industry knows that mobile is the future, which is why a lot of banks and financial institutions offer personal loans via apps. SB Finance, a partnership between Security Bank and Thailand’s Bank of Ayudhya (Krungsri), has developed a masa-friendly mobile app called Zuki where one can conveniently apply for a personal loan. If you want to learn how to apply for a personal loan using Zuki by SB Finance, here’s a guide to help you out. Table of ContentsWhat is Zuki by SB Finance ?Why Should I Use the Zuki App by SB Finance?It’s User-FriendlyYou Have Access to Four Different LoansCan You Tell Me More About SB Finance’s Personal Loan?No Need for CollateralNo Need for a Credit CardRequirements for Loan Application via Zuki by SB FinanceEligibility RequirementsDocumentary Requirements for Employed ApplicantsDocumentary Requirements for Self-Employed ApplicantsHow Can I Apply for Personal Loan via Zuki by SB Finance?How Will I Receive the Loan Proceeds?Are There Other Fees and Charges?Final ThoughtsLooking for Alternatives? Check Out These Personal Loans in the Philippines What is Zuki by SB Finance ? Zuki is a mobile app that customers can use to apply for SB Finance’s loan products. The app was created as a response to the consumer behavior that was altered by the pandemic, which in turn led to lenders’ digital transformation, according to Abigail Casanova, the president…
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14 Personal Loans with Low Interest Rate in the Philippines for 2022
- By andrew.ma@hyphengroup.io
- May 31, 2022
When you take out a personal loan in the Philippines with low interest rate, you can hit two birds with one stone. Not only can it fund whatever it is you need to buy or pay for, but you can pay off the loan in affordable monthly payments as well. Majority of borrowers in the Philippines take the interest rate into account when applying for a loan. According to the latest Bangko Sentral ng Pilipinas (BSP) financial inclusion survey, the interest rate is one of the top three considerations for 37% of Filipino borrowers.[1] This is primarily why many Filipinos go for a low-interest personal loan. The best personal loans in the Philippines are usually from government agencies and banks. Getting a personal loan with low-interest rate helps you save money, as it keeps the interest payments low over the loan’s duration. Table of ContentsMonthly Add-On vs Effective Interest Rate: What’s the Difference?What Bank Has the Lowest Interest Rate for Personal Loans in the Philippines?1. SSS Salary Loan2. Pag-IBIG Multi-Purpose Loan3. HSBC Personal Loan4. BPI Personal Loan5. CIMB Bank Personal Loan6. Citibank Personal Loan7. RCBC Personal Loan8. Maybank Personal Loan9. CTBC Bank Personal Loan10. PBCom Personal Loan11. EastWest Personal Loan12. CBS Easi-Funds Personal Loan13. PSBank Flexi Personal Loan 14. Security Bank Personal LoanAt a Glance: 15 Personal Loans with Low Interest Rates in the PhilippinesHow Will I Get Approved for a Low Interest Loan?How to Get a Personal Loan with Low Interest Rate in the Philippines1. Crunch the Numbers2. Compare Loan Products3. Prepare the Requirements4. Read the Fine Print5. Apply…
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Travel Loan in the Philippines: When and Where to Apply for One
- By Moneymax
- May 25, 2022
Travel now, pay later. The mere thought of it elicits both excitement and fear. You can get a travel loan to fund your trip, visit your dream destination, and pay it back when you get home. But at the same time, you’re scared it would lead to uncontrollable debt. Should you seek the help of a lender to fund your travel? The straightforward answer is yes, especially if that trip is urgent. A travel loan in the Philippines is also a consideration if you don’t want to put a dent in your long-term savings, or you just need a little amount to complete your existing budget. We’ve put together a guide that will help you navigate travel loan in the Philippines. We also have a few recommendations on where you can apply for it. Table of ContentsWhat is a Travel Loan?What is the Difference Between a Travel Loan and a Travel Assistance Loan?Which Bank is Best for a Travel Loan in the Philippines?📌 BPI📌 Citibank📌 Security Bank📌 EastWest Bank📌 PSBank📌 ING Bank📌 CIMB BankWhere Can I Apply for a Travel Assistance Loan?What to Consider When Applying for a Travel Loan in the Philippines🧳 How Much Does My Trip Cost?🧳 Can I Afford to Pay Off a Travel Loan?🧳 Is My Travel Purpose Worth Borrowing Money For?Which is Better: Travel Loan or Travel Credit Card?Final Thoughts What is a Travel Loan? A travel loan in the Philippines is technically a personal loan for funding the costs of a trip. It helps you cover expenses such as airfares, accommodations, and tour packages,…
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ING Personal Loan Application Guide: How to Get a Loan Fast Online
- By Moneymax
- May 19, 2022
The Internationale Nederlanden Groep or ING is a global bank headquartered in Amsterdam, serving around 38.4 million customers in over 40 countries. ING offers mortgages, savings, investments, and loans to help keep its clients a step ahead in life and in business. In the Philippines, the digital bank opens opportunities for Filipinos to start their ING personal loan application online and fulfill their financial goals. Let us walk you through the fully digital process of applying for an ING personal loan in the Philippines that allows borrowing up to ₱250,000 for your home makeover, wedding, child’s tuition, emergencies, and other financial needs. Table of ContentsWhat is the ING Personal Loan? ING Personal Loan FeaturesWho is Eligible for an ING Personal Loan? Do I Qualify for an ING Personal Loan?How Much Should I Borrow from ING?How to Use the ING Loan Calculator in the PhilippinesWhat are the ING Personal Loan Requirements?How to Apply for ING Personal Loan in the PhilippinesING Personal Loan FAQs1. Why can’t I find the Apply for a Loan option on my dashboard?2. Can I upload my income documents at a later time?3. How long is the ING personal loan processing time? 4. How to check my ING personal loan application status?5. Can I cancel my ING personal loan application without paying any fees?6. My ING loan application was declined. Can I apply again?7. Why was I not approved for the ₱250,000 maximum loan amount?8. Can my ING loan be deposited to another local bank account?9. Can I transfer funds to my ING Pay account from other banks?10. How can I…
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Personal Loan Rejection Reasons: Why Banks Decline Loan Applications
- By Adji Hendrawan
- May 13, 2022
Rejection of any kind is hard to accept—more so if it involves money. Case in point: getting your personal loan application denied. Your time and effort spent preparing your requirements and waiting anxiously for the loan approval all just went to waste. It makes you want to demand an explanation from the lender stating all the personal loan rejection reasons. But no need to go berserk to try and reverse the lender’s decision. Cooler heads always prevail, so try to find out why your personal loan application was rejected and how to correct the problem. Table of ContentsTop 7 Reasons for Personal Loan Rejection1. Insufficient Income2. Unstable Employment Record3. Requesting a Higher Amount Than What You Can Actually Repay4. Bad Credit Score5. Having Too Much Debt6. Incomplete and Inconsistent Details7. Failure to Meet Eligibility RequirementsWhat Lenders Consider When Evaluating Loan Applications1. Credit Score 2. Loan Amount 3. Loan Term 4. Loan Purpose5. Employment History and Monthly Income6. Debt-to-Income Ratio 7. Timing of Your Application My Loan Application was Declined. When Can I Apply Again?What to Do After a Personal Loan RejectionFinal Thoughts Top 7 Reasons for Personal Loan Rejection Personal loan providers in the Philippines base their credit decisions on borrowers’ financial information and their assessments from credit investigations and background checks. If you received a no from a lender, it’s likely due to any of the following reasons. 1. Insufficient Income It doesn’t matter if you have enough money in your account. Banks and lending companies will reject your personal loan application if your income can’t sustain the monthly…
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How Can I Borrow Cash Immediately? Learn About Fast Cash Loans Here
- By Moneymax
- May 6, 2022
Emergencies do happen. Sudden hospitalization of a loved one, unexpected school expenses of your kid, job loss, and even unforeseen car repairs will catch you off guard. But if you’re lucky enough to have an emergency fund, chances are you’ll be able to get past these financial snags. Not all of us, however, have a robust and steady reserve of money on standby. There may come an occasion when your emergency fund will not suffice. In which case, the only option that you have is to turn to a fast cash loan provider. If this is your first time navigating this side of finances, don’t worry—we got you covered. We’ve pulled together a comprehensive guide that will teach you the basics of a fast cash loan in the Philippines. We’ve also included a list of reliable quick cash loan providers and lenders that you may want to consider. Table of ContentsWhat is a Fast Cash Loan?Is a Fast Cash Loan Legit?How Do Fast Cash Loan Applications Work?Where Can I Borrow Money Instantly in the Philippines?✔️ Citi Personal Loan✔️ EasyRFC Multi-Purpose Loan✔️ Tala Cash Loan✔️ SB Finance Personal Loan✔️ BPI Personal LoanHow to Qualify for a Fast Cash Loan in the PhilippinesFast Cash Loan RequirementsSome Reminders Before Applying for a Fast Cash Loan in the Philippines1. Compare Your Options2. Borrow Only What You Can Pay3. Check the Fees That Come with the Loan4. Check Your Credit Score5. Avoid New Cash LoansFinal ThoughtsFind the Best Loan for You Today What is a Fast Cash Loan? Fast cash loans are salary loans and…
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Buy Now, Pay Later: How to Use TendoPay for Your Online Purchases
- By Adji Hendrawan
- April 29, 2022
In a report shared by Statista in March 2022, 62.5% of survey respondents in the Philippines said they purchased a product or service online during the third quarter of 2021, while 10.4% used a buy now, pay later service.[1] It’s truly no surprise because online shopping is so easy and convenient, especially if you have the money to pay for everything in your shopping cart. But if you’re in a difficult financial situation and need to make an important purchase, you can consider an installment loan like TendoPay. An alternative to credit cards and bank loans, TendoPay offers affordable and convenient financing for cash-strapped Filipinos. What is TendoPay and how can it help you with your major online purchases? Learn more about this installment loan and how to use it in this guide. Table of ContentsWhat is TendoPay and How Does It Work?TendoPay Installment Loan FeaturesHow to Apply for a TendoPay LoanReview the TendoPay RequirementsHow to Register in TendoPayHow to Use TendoPay for Online PaymentsWhere to Shop with TendoPay?How to Use TendoPay on LazadaHow to Use TendoPay for 7-Eleven PurchasesHow to Pay for ZALORA Purchases Using TendoPay VoucherHow to Use TendoPay as a Checkout OptionHow Do I Pay My TendoPay Loan?How to Pay TendoPay Loan via GCashHow to Pay TendoPay Loan via PayMayaHow to Pay TendoPay Loan via GrabPayPayment via a Bills Payment CenterPayment via 7-ElevenFAQs on TendoPay Cash Loan Installments1. Is TendoPay legit and safe?2. What are the available TendoPay merchants?3. Can I use TendoPay to pay for Shopee installments?4. What will happen if I miss my installment…
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Applying for a Personal Loan? Check Out This PSBank Flexi Loan Guide
- By Jay Pagkatotohan
- April 21, 2022
Dubbing itself as “The Friendly Bank,”[1] PSBank has definitely proven that it’s one of the most reliable retail financial institutions in the country. It has cemented its reputation as a bank that offers products with quick turnaround times, such as the PSBank Auto Loan and the PSBank Home Loan. Nevertheless, PSBank is also strong in the personal loan department, especially with the PSBank Flexi Loan. You can use it to fund your dream business or deal with certain emergencies. In this article, you’ll find out why this loan product is unique and why it will make a good solution to your financial hitches. We’ve also put together a simple guide that will walk you through the application process. Table of ContentsWhat is PSBank Flexi Personal Loan?What are the Benefits of the PSBank Flexi Personal Loan?1. Functions Like a Credit Card2. No Need for Reapplication3. Allows You to Withdraw Cash4. Earns You Rebates 5. Doesn’t Require Any CollateralHow Much Can I Borrow with the PSBank Flexi Personal Loan?What is the Payment Tenor of the PSBank Flexi Personal Loan?What are the Interest Rates of the PSBank Flexi Personal Loan?How to Apply for the PSBank Flexi Personal Loan?PSBank Personal Flexi Loan FAQs1. What’s my PSBank Flexi Loan application’s turnaround time?2. How does the Prime Rebate work?3. Does the PSBank Flexi Loan have additional charges?4. How can I pay my monthly dues?5. How to apply for a Metrobank personal loan? Final Thoughts What is PSBank Flexi Personal Loan? While most loan products just provide you with the cash that you need, PSBank does more than…
