All Articles With Category : Personal Loan

The latest and the best financial news, tips and tricks.

Online Loans in the Philippines: What Filipinos Need to Know

Struggling with getting approved for a personal loan? Wondering why banks always reject your applications? An online loan might just be the solution to meet your urgent financial needs. Online loans from private lending companies offer borrowers a good alternative to traditional loans from banks. They fill in the gaps in terms of convenience, application […]

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How to Get a Personal Loan with Low Interest Rate in the Philippines

This article was originally published on September 26, 2018 and was updated on October 23, 2019. Like you, majority of borrowers in the Philippines take the interest rate into account when applying for a loan. According to the Bangko Sentral ng Pilipinas financial inclusion survey, the interest rate is one of the top considerations for […]

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Home Credit Loans: Weighing the Pros and Cons

“Is that a housing loan?” is a question you’ve probably asked after seeing the Home Credit logo. Don’t worry, it’s not something related to real estate, but it is a non-traditional type of lending in the Philippines. And chances are you’ll end up finding yourself deciding whether to apply for a loan from them or […]

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Common Personal Loan Application Questions You Need to Prepare for

A personal loan application 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? […]

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6 Tips to Get a Personal Loan for Freelancers in the Philippines

Being a freelancer in the Philippines has its downsides—one of them involves getting a loan for freelancers. Formal lending institutions in the Philippines like banks and government agencies are strict when it comes to loan approvals. They require borrowers to provide their payslips, income tax return (ITR), certificate of employment, and other financial documents to […]

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7 Reasons Your Personal Loan Application Got Rejected

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 bank, lashing out […]

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Tala Loan Guide: Everything You Need to Know About Borrowing From Tala Philippines

What’s the quickest and safest way to borrow money if you don’t have any supporting financial documents? If you’re having difficulty getting approved for a bank loan, know that there are alternatives you can turn to, like quick cash loans from private lenders. One of the alternative loans to consider is Tala Loan from Tala […]

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What is the Best Type of Loan for My Business?

Finding good sources of funding is a critical step in starting a business. A business loan from the government, a bank, or a private lender is one financing option for budding small and medium business owners. Business loans come in a variety of types that suit different business requirements. Before you start searching for the […]

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Personal Loan Fees and Charges to Consider Before Borrowing Money

Choosing the best personal loan for you isn’t as simple as comparing interest rates and monthly installments. You also need to consider the personal loan fees and charges that add up to the cost of borrowing money. Some of these fees are avoidable, while others aren’t. Taking all these factors into account gives you a […]

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Drowning in Debt? How to Eliminate the Common Types of Debt

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. And so, taking proactive steps to solve this financial difficulty is a lot better than wallowing in anxiety and worrying […]

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7 Reasons a Security Bank Personal Loan Makes a Practical Choice

Time and again, many Filipinos would prefer to borrow from informal moneylenders for their urgent financial needs. Some even turn to loan sharks like 5-6 lenders when they’re desperate for cash, not minding the risk of drowning themselves further in debt with the excessively high interest rates. Borrowing from banks and other formal lenders is […]

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5 OFW Loans in the Philippines for Every Kind of Need

Looking to increase your savings as an OFW by starting a small business? Want to build a home or buy a car for your family? Need to borrow money immediately for a medical emergency? No matter what your financial needs are, an OFW loan can help you achieve them. Let’s make choosing the best OFW loan in the […]

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Top 10 Reasons Why Filipinos Get a Personal Loan

Although hard work and financial discipline pay off eventually, the amount of time that we need to save money for a certain financial goal weighs us down. Just exactly when will you have the money to go on that much needed R&R, to buy her that diamond engagement ring, to enroll your child in school, […]

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No Bank Account Loans: How to Get One in the Philippines

Looking for ways to borrow money for an urgent financial need but your lack of a bank account is keeping you from getting a loan? That’s a tough situation to be in. Keep reading to understand why a bank account is often needed in loan applications and find out your alternative options for obtaining a cash […]

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Beware of Loan Sharks: How to Avoid Illegal Lenders

Ever heard of Sangla ATM? Sounds risky as it is, but many fall victim to this illegal lending scheme. Almost 40% of Filipinos borrow money by using their ATM cards as loan collateral, based on the Bangko Sentral ng Pilipinas’ (BSP) Consumer Finance Survey. Loan shark syndicates operate in the Philippines, taking advantage of borrowers […]

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Loans for People with Bad Credit: What Borrowers Must Know

“Can I get a personal loan with poor credit history?” It takes time to repair a bad credit report (or to build one if you have none), so you’re wondering if you can qualify for a loan now even if yours is in a terrible shape. Well, your choices are rather limited. Generally, banks and […]

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Should You Get a Personal Loan to Travel?

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. At the same time, you’re scared it would lead to uncontrollable debt. In the Philippines, banks and private lenders […]

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Which Banks Offer the Best Car Loan Deals?

Shopping for the best car loan deals in the Philippines? There’s no single bank or auto loan that’s best for everybody. Auto loan providers in the Philippines offer different features and promos that cater to the needs and preferences of different car buyers. You have to consider the type of car you’re going to buy, […]

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Easy Guide to Applying for a BPI Personal Loan

There are plenty of reasons to get a personal loan and just as many places to apply for one. The Bank of the Philippine Islands or BPI is a good option when choosing a loan provider. BPI offers a personal loan package that can fit various needs plus potential borrowers can apply online. How to […]

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How to Get a Citibank Personal Loan: A First-Timer’s Guide

Approval within 24 hours and flexible repayment terms of up to five years—these features make the Citibank personal loan attractive for those with urgent cash needs. Considering to apply for a Citibank loan? It’s simpler than you expect. Here’s a step-by-step guide to help you get started. Step 1: Check If You’re Qualified to Apply for […]

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