Verify Your PayPal Account Using the EON Visa Debit Card at Ease!

Nowadays, PayPal is one of the most popular and reliable online payment methods. If you wish to fully utilize your UnionBank EON Visa Debit card, it is best to link it to PayPal to easily perform online transactions worldwide.  Let’s have a look at the ways to link your EON account to PayPal. Read More: UnionBank EON Visa Debit Card First and foremost, you need to sign up for a PayPal account. You can get a PayPal account at their official website. If you are a Filipino, please select the Philippines as your residing country. At the same time, you may want to use peso as the primary currency to ease your daily transactions.

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All About the EON Visa Debit Card (Part 2)

Are you planning to get your own EON Visa Debit Card?   In this second part, we answer other questions that you may have regarding the EON Visa Debit Card. Table of ContentsCan I immediately use my EON Visa Debit Card once I receive it?Can I replace/renew my card online?Other Errors and QuestionsWhat should I include in my writing complaints? Can I immediately use my EON Visa Debit Card once I receive it? Yes, you can use your new EON Visa Debit Card for any money transactions once you receive it. For online applicants, they can claim their card after submitting their documents at the UnionBank pick-up branches. On the other hand, cardholders who fill out the application form over the counter can only receive their EON Visa Debit Cards after 5 banking days. You can use your EON Visa Debit card at the instant you receive it. You can swipe it at any accredited Visa merchants all around the world and withdraw your money at any Megalink ATMs and Visa Plus ATMs. Apart from these, you can also immediately link the EON Visa Debit Card to your PayPal account. (Click here if you wish to know how to sign up for a PayPal account.) Can I replace/renew my card online? The EON Online Application is only meant for new card EON Visa Debit Cards application. If your EON Visa Debit Card has been damaged or needs to be renewed, the card replacement and card renewal actions cannot be performed online. (UnionBank EON Visa Debit Cards will expire after 3 years.) In…

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Things to Avoid When Applying for a Home Loan

Buying a house is one of the biggest decisions one can make. Having devoted plenty of energy and time for our down payment, researching and applying for a home loan begins. Despite this, there are still many real-life examples of home loan applications being rejected even when borrowers have the ability to pay for the down payments. Here, we list the things one should avoid when applying for a home loan. Read More: Are You Ready to Buy a House? Table of ContentsWhat Should You Avoid When Applying for a Home Loan?Which Purchases Increase your Debt-to-Income Ratio?Big Purchases Can Wait What Should You Avoid When Applying for a Home Loan? If you have found your dream house and a home loan is the only thing stopping you from getting it, here are some important dont’s when you are going to apply for a home loan: Don’t change your job before applying for a home loan. A stable career with a fixed income indicates your ability to pay the monthly amortization on time. Don’t apply for new credit cards. It is a hint that you are going to take on more debt in the coming days. It may be one of the reasons that you can’t pay your monthly amortization on time. Don’t make any purchases that will increase your debt-to-income ratio. In short, you need to make sure that you do not engage in any activities or purchases that add to your existing financial burdens. Any actions that increase the risk of your financial portfolio send an alarming signal for the bank….

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The Freelance Revolution with More Freelance Job Opportunities: The Official Launch of Elance in the Philippines

After the transition from an agricultural economy to an industrial economy, we are glad to witness another significant shift in today’s workforce. This shift is fuelled and accelerated by the rapid technology innovation, changing lifestyles and the growing Gen Y workforces. Nowadays, there are an increasing number of employees who leave the traditional workplaces and choose to piece together a professional life on their own.  Table of ContentsThe Freelance Revolution is Unstoppable!How Elance Sees the Online Freelance Platform in the Philippines?Getting to Know ElanceIt’s Time to Join the Freelance Revolution! The Freelance Revolution is Unstoppable! Starting an e-commerce business or working as a freelancer from home is becoming the order of the day.  With the lower start-up costs and technologies advances such as the iCloud and Paypal, it is easier to work independently or start an online retail business instead of running traditional brick-and-mortar businesses. In line with this, there is an increasing number of Filipinos using the Internet to find freelance work. How Elance Sees the Online Freelance Platform in the Philippines? In April 2013, an article in Yahoo!News[1] discusses how Elance expects a strong growth in the online freelance platform of the Philippines. The survey conducted by Elance, the world’s biggest online freelancing platform, shows that the Philippines now ranks fourth globally in the number of registered users and ninth in online freelancing earnings. In September 2012, Elance conducted a survey among 120 selected Filipino freelancers who had registered on Elance. The report was entitled “The State of Filipino Freelance Market”. This report revealed that the Filipino freelancers are specializing in administrative support,…

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What You Should Watch Out for When Applying for a Housing Loan

Before the house-hunting begins, it is good to know your affordability and eligibility for the housing loans in The Philippines. When it comes to housing loans, one of our main concerns is to find out which banks offer the most reasonable and affordable interest rates. However, there are many criteria that should be given the utmost consideration since the house-purchasing is one of the biggest decisions we make in our life. Don’t be lured by the low interest rate of a housing loan, there’s no such thing as a free lunch, and a good lunch is not going to be cheap! Table of ContentsWhat Are Your Concerns When Applying For A Housing Loan1. The Monthly Payment2. The Down Payment3. The types of interest rate4. Loan TenureWhat Else to Consider for a Housing Loan Application? What Are Your Concerns When Applying For A Housing Loan If you are ready to purchase a house, let’s see what you need to watch out to apply for a housing loan. 1. The Monthly Payment When applying for a housing loan, you must not only have income but have a sufficient one to get the loan approval. The monthly payment should be at most one-third of your income and anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income. If you wish to know how much you are going to pay every month, an amortization schedule is recommended to…

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The Pros and Cons of Buying a House

All of us have dreams, and most of us share the same dream: to own a house. The application process for a housing loan can be burdensome and time-consuming. Before you devote your time to getting the approval for your home loan, spend some time to read through the pros and cons of buying a house. What are the advantages of buying a house? This question may seem irrelevant to those who are going to apply for a housing loan. However, when you are on the verge of breaking down due to the suffocating financial obligations involved, these are the reasons you should keep reminding yourself to keep holding on. Your perseverance in pursuing or defending your dream home will definitely paid off someday. On the long-term, the cost of ownership is lesser than renting a house. You have full control over your property. The acquisition of a house is actually a capital gain. It is an increase in the value of a capital asset (investment or real estate) as the property has a higher worth than the original purchase price. However, the gain is not realized until the asset is sold. Your property taxes can be itemized for tax reductions. You will have a sense of security that comes from owning a home as your home is well-protected from the inflation. Lastly, you can design, remodel and decorate your own home without any restrictions. Imagine the sense of pride and achievement that bubbling in your heart when you see your beautiful artwork. All the hard work paid off. Do not…

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Philam Life Money Tree: When Is the Right Time to Invest?

If you have made up your mind to start investing, you may be curious on when is the right time to invest in the Philam Life Money Tree. However, if you are still weighing between saving your hard-earned money in a deposit account and investing your money in the Money Tree, just read on to clear your confusion!

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Philam Life Money Tree: What Funds Can I Invest in?

It’s never too late to start investing and one will never get too old to invest. It doesn’t matter whether you are a defensive, conservative or aggressive investor, the Philam Life Money Tree can always adjust to your risk appetite by offering different types of funds within its portfolio. Read on to know more about it. Read More: Why You Should Invest in Philam Life Money Tree

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Philam Life Money Tree (Part 1): The Best VUL Products in the Philippines?

Many Filipinos still believe that they can earn a great fortune by keeping their money in savings accounts. In contrary, this is not the case due to inflation. In this article, we will be discussing one product that can help you achieve financial freedom. One of the products of Philippine American Life and General Insurance Company (Philam Life), the Philam Life Money Tree offers promising and attracting returns of as much as 9% to 21% annually. Read more: 5 Best Books on Money Management Table of ContentsThe Philippine American Life and General Insurance CompanyPhilam Life Money TreeWhy Should I Invest in the Philam Life Money Tree?What Are the Risks Involved? The Philippine American Life and General Insurance Company The Philippine American Life and General Insurance Company (Philam Life) is the leader in the Philippine market for over 60 years. At the same time, it is also the largest life insurance company in the Philippines. Philam Life offers a wide range of products that provide effective solutions to a great variety of financial needs such as life protection, health insurance, savings, education, retirement, investment, group, and credit life insurances. Philam Life Money Tree The Philam Life Money Tree is an insurance policy with investment features. In other words, while enjoying the life insurance protection, Money Tree policyholders can also earn from the investments in the equities and fixed income securities within the Money Tree’s portfolios. When your money is well secured within the portfolio of Money Tree, you are also be insured with the guaranteed life insurance benefit of at least 125%…

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PNB UITF Online Facility

The Philippine National Bank (PNB) has launched the country’s first comprehensive unit investment trust fund (UITF) online facility that allows its clients to invest and redeem funds at ease through the Web. Table of ContentsWhat Are the Benefits of PNB UITF Online Facility? What is the Auto Investment Plan (AIP)?How to Enroll in PNB UITF Online?What Are the Trust Products Offered by PNB? What Are the Benefits of PNB UITF Online Facility? Once your PNB UITF Online enrollment is processed by PNB, you will be able to perform various functions related to your UITF investment at your fingertips such as: Direct UITF investments Full and partial redemption services (The fund will be credited to the nominated settlement accounts) Purchases of additional UITF investments Track the real-time investment status View the UITF portfolios Generate the electronic copies of the Confirmation of Participation (COP) and Participating Trust Agreement Utilize the Auto Invest Plan (AIP) Use the UITF calculator to calculate the profits/losses If you wish to know the general benefits of investing in an UITF product, please click here. What is the Auto Investment Plan (AIP)? The Auto Invest Plan (AIP) is a facility that allows you to put aside a portion of our savings on a regular basis for automatic investment on your chosen PNB UITF once it reaches the required threshold amount. This way you can earn potentially higher returns in comparison to a traditional savings deposit. How to Enroll in PNB UITF Online? With a stable internet connection and a laptop/mobile device in your hand, you can complete the…

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UnionBank Auto Loans

For those who’d like the convenience and comfort of having their own vehicle but have a dilemma in the payment process, the UnionBank Auto Loans can offer a hand. Table of ContentsAttractive Features of the LoansHow Can I Make My Payments?The Interest RatesThe Standard Interest Rate versus OMAThe Basic Requirements Attractive Features of the Loans The UnionBank Auto Loans offer financing for brand-new vehicles as well as used vehicles. The minimum down-payment rates for brand-new vehicles and used vehicles are respectively 20% and 30% of the loan amount. At the same time, the minimum loan amount starts at P200,000 while the maximum auto loan amount is up to 80% of the selling price of the vehicles. Borrowers can enjoy the flexible loan payment terms of UnionBank Auto Loans. The payment options are 12, 18, 24, 36 and 48 monthly terms if you will buy a used car. Those who plan to buy new cars can also benefit from the payment options, and they are given additional choice of 60 monthly payment terms. How Can I Make My Payments? There are three modes of payments available for the UnionBank Auto Loans borrowers. They can choose to pay their monthly amortization loans over the counter at any UnionBank branches or by issuing post-dated checks to UnionBank. A third option is the Auto Debit Arrangement (ADA) facility, borrowers simply have to nominate their accounts as well as specify the amount and schedule of payments. On a monthly basis, the payments will automatically be deducted from their UnionBank savings or checking accounts. The Interest Rates…

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How to Open a Kid’s Savings Account?

A journey of a thousand miles starts with the first step. The first step is ultimately important to steer your kids toward a bright and sound financial future. This could be done by opening a kid’s savings account for them. What are the criteria that you shouldn’t overlook so that you can ensure the safety of your child at home and the safety of their money in the bank? Table of ContentsCriteria For A Kid’s Saving Account1. Proximity to the bank2. Interest rate3. Types of bank saving accountsSTATEMENT ACCOUNT PASSBOOK ACCOUNTS4. Banking / Service Fees5. Required Documents Criteria For A Kid’s Saving Account 1. Proximity to the bank The idea of driving for several hours whenever your kids require a visit to the bank wouldn’t be an appealing for you. It is smart to ensure finding a bank in your neighborhood or at a location that’s convenient for you. 2. Interest rate In order to get your kids the best savings account, pay close attention to the following: The annual interest rate Whether it is a tax-free savings account Minimum monthly ADB requirement Minimum maintaining balance to earn interest. 3. Types of bank saving accounts STATEMENT ACCOUNT Your child will get a monthly report of the account such as the deposits and withdrawal that have been done, the interest that has been credited as well as any banking service fees.  PASSBOOK ACCOUNTS Your child will get a little booklet that every transaction such as deposit and withdrawal will be posted into. 4. Banking / Service Fees Don’t ever let any statement regarding the banking or service fees slip through your fingers. Otherwise, you…

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The UCPB Kiddie Max Savings Account

Money doesn’t fall from the sky, it doesn’t grow from trees, nor will it accumulate by just sitting in a piggy bank. If you want to educate your kid on the concept of money and how it works in real-life, you might want to consider putting money in a real bank. Table of ContentsThe Real Piggy BankUCPB’s Kiddie Max Savings AccountZero Maintaining Fees The Real Piggy Bank It is highly valuable to introduce your kids to the world of finance and banking. To ensure that their curiosity and interest towards money management remains strong, providing them with a simple, reliable – and most importantly: no-frills – kids savings account can be of great help. One product to look into is the UCPB kiddie max savings account. UCPB’s Kiddie Max Savings Account UCPB’s Kiddie Max Savings Account, the latest savings product offered by United Coconut Planters Bank (UCPB), is one of the most convenient and kid-friendly savings accounts in the market today. Age: 0-18 years old Min. Initial Deposit: 500.00 pesos Min. Balance: 500.00 pesos Annual Interest rate: 0.25% (Minimum ADB to earn interest is 10,000 peso) Monthly Maintaining Balance: None Account holders and their parents / guardians will be able to manage their funds and monitor their transactions with their own passbook or an ATM card. At the same time, parents/guardians could transfer fund from their own UCPB account by phone banking or via online. Zero Maintaining Fees Many banks charge fees for certain behaviors that customers don’t realize are actually costing them money. However, one of the most attractive attributes…

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