All Articles With Category : Personal Loan

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

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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Unsecured Loans in the Philippines: What are the Pros and Cons?

Which type of loan suits you better: unsecured loans or secured loans? On the surface, an unsecured loan seems a better choice because it has no collateral. But it isn’t as simple as that. Before you borrow money, assess the positives versus the negatives of getting unsecured loans. What is Unsecured Loan? Unsecured loans are […]

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Borrowing from a Private Lender? Consider the Pros and Cons First

Looking for private lenders for a personal loan in the Philippines? Before you borrow from a private lender, you have to know first what you’ll be getting into. Private lenders in the Philippines are non-banking companies or individual investors that provide short-term personal loans, mostly catering to OFWs, small business owners, and car buyers. Filipinos […]

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Bad Money Habits That Ruin Your Credit Score

A credit score may not be as widely talked about in the Philippines as in other countries, but its importance can’t be underestimated. Your credit score spells the difference between getting approved and declined for a credit card or loan. Unknown to many, there’s an established credit information system in the Philippines through Republic Act […]

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What Happens If You Stop Making Loan Payments?

Unexpected situations—like a job loss, medical emergency or death in the family, or calamity—can put even the most responsible borrowers in a tight spot, making it extremely hard to make loan payments on time. Is your loan in danger of going into default? Defaulting on a loan comes with serious financial consequences. Not to mention […]

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Emergency Loans and Other Ways to Borrow Money When You’re Short of Cash

“Utang” is so strongly embedded in the Filipino culture that only two in every 10 adults in the country don’t borrow money, according to the Bangko Sentral ng Pilipinas (BSP) financial inclusion survey. Emergency loans and personal loans are just two of the many options when it comes to borrowing in the Philippines. Here are […]

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6 Terrible Reasons to Take a Personal Loan

Used for a variety of financial needs, a personal loan typically comes with a low interest rate. In fact, personal loan interest rates in the Philippines (ranging from 1.20% to 1.94%) are even lower than credit card rates (2.00% to 3.54%). This is why it can be tempting for some Filipinos to apply for a […]

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2018 Best Personal Loans in the Philippines

What are your #adulting goals this 2018? Do you plan to open a business? Take a master’s degree? Marry your long-time partner? Go backpacking in Southeast Asia or Europe? To prepare for a major life purchase and better manage your finances for the year, a wise option is to take out a personal loan that […]

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Requirements You Need to Prepare to Secure a Personal Loan

A personal loan has higher interest rates than secured loans like a home-equity loan, but the advantage of it is you are not required to put up any collateral to ensure repayment. Collateral means something of value, like a home or car that the lender can repossess if you don’t repay the account as agreed. Personal […]

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How Fast Cash Loans Work

There are quick loans that work for the times when you need cash quickly, and the best possible way at times is to get a fast cash loan. This is a type of loan that you can get from banks or from accredited lending institutions. Loans like these are short-term and can sometimes have a […]

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5 Ways to Improve Your Personal Loan Application

Have you met a fellow Filipino with zero debt? It’s highly unlikely. Whether it’s a mortgage or the tiniest unpaid credit card balance, only a rare few can say they are truly debt-free, and the numbers back this up. According to the 2012 Bangko Sentral ng Pilipinas (BSP) Consumer Finance Survey, only 4.6% of those […]

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7 Costly Mistakes You Make When Getting a Personal Loan

At least one point in an adult’s life, we take out a loan to buy things, pay for things, or even start a business. Personal loans are a wonderful solution when you need fast cash with no collateral and a few questions asked. Sometimes, you get approved for your personal loan almost immediately. Lenders these […]

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PSBank Flexi Personal Loan Application

Everyone has that something they want to make happen. Some things happen easier than others, but what about when you want to expand it a little more, to put a little more money into an endeavor you believe is worth the time and the finances you put into it? This is where a personal loan […]

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How a Personal Loan Can Help Your Financial Goals

Tired of borrowing money from friends? Want to give your overworked credit card a break? You might just be the ideal candidate for a personal loan! This convenient service is offered by the most reliable banks in your area and gives you access to extra cash without years and years of debt. With the help of […]

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What To Do When Comparing Personal Loans

Looking to get a personal loan? You may be looking for alternative sources of funding for a big life purchase, such as your child’s tuition or a lengthy holiday abroad. You may be looking for extra funds to start a business for some long-overdue home repairs. Banks and lending agencies in the Philippines can surely […]

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Consumer Loans Fuel Car Purchase Increase

According to data just published from the Bangko Sentral ng Pilipinas, Pinoys have increased borrowing by an incredible 21% compared to the previous year. It is now at the eye-watering amount of P849.7 billion. Borrowing to buy homes or cars as well as other loans against salaries has all increased. The biggest riser was real estate […]

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Car Loan vs. Personal Loan: Which is Better for you?

When you opt for comfort and convenience, purchasing a car of your own, whether new or second-hand, is a good preference. However, not even a majority of the population in the Philippines can afford to buy a car alongside its daily expenses – it never comes cheap. But as they say, “You only get what […]

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Aggabao Seeks Lower Loan Interest Rates for Teachers

House Deputy Speaker Giorgidi Aggabao proposed House Bill 4601 to put a cap on the loan interest rates being charged by banks and financial institutions to public school teachers. According to Aggabao, teachers have been victims of high interest rates and fees despite of meager salaries and making both ends meet. “Our teachers are easy prey […]

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BSP Intensifies Watch on Salary Loans

Bangko Sentral ng Pilipinas intensifies their watch on salary loans and financial institutions to maintain the ongoing efforts of strength and stability of domestic financial system. In response to the rising trend of loans, the central bank warns the public about “Shadow Banking” in the Philippines. Shadow banking is a type of unregulated lending to […]

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Top 10 Reasons Why Filipinos Get a Personal Loan

How does money affect your personal life? For the working population, money comes semi-monthly and goes when the bills arrive. It’s an enduring process that serves as a reminder of what we can actually pursue in the short- and long-run. Read More: How to Finance Your Goals with a Personal Loan Although hard work and financial discipline […]

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