All Articles With Author : Venus Zoleta

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

Personal Loan Fees and Charges to Consider Before Borrowing Money

Choosing the best loan for personal use 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 better idea which of your options will fit your budget and won’t charge you with expensive fees. Ultimately, this will keep you from incurring debt over time. Personal Loan Fees in the Philippines Effective Interest Rate: 10% to 30% The effective interest rate (EIR)[1] is “the rate that exactly discounts estimated future cash flows through the life of the loan to the net amount of loan proceeds,” as defined by the Philippine Accounting Standards. The Bangko Sentral ng Pilipinas (BSP) uses this EIR definition as well. Put simply, it’s the rate that measures the actual cost of borrowing money. Read more: Need Cash? Check These Options for Easy Loan Application in the Philippines 9 Salary Loans to Consider for Financial Emergencies Loans Without Bank Account: How to Get One in the Philippines Loan Fees and Charges Included in the EIR Computation Personal loans with low interest rates in the Philippines have EIRs ranging from 10% to 30%. The EIR includes monthly interest charges and service fees such as personal loan processing fees and documentary stamp tax. Here’s a closer look at these personal loan fees. 1. Monthly Interest Charge: 1.2% to 2% This is the interest rate applied to the total amount due or outstanding…

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[Battle of the Brands] Foodpanda vs GrabFood: Which Food Delivery Service is Better?

Can you imagine your life now without your favorite food delivery service? It’s undoubtedly hard, especially knowing that all your cravings, regardless of time and space, can be satisfied with just a few taps on your smartphone. You may not realize it, but food delivery service is among the most significant breakthroughs in the last decade. Its importance has been further highlighted during the COVID-19 pandemic. No one wants to risk their safety by going out, so many just opt to have their food delivered right to their doorstep. When it comes to this, a lot of people count on two popular food delivery services: Foodpanda and GrabFood. Keep reading this Foodpanda vs GrabFood comparison review to find out which of them is better. The Difference Between Foodpanda and GrabFood Two of the biggest food delivery services in the Philippines today are Foodpanda and GrabFood. But in recent years, GrabFood has been the consistent top-of-mind choice among consumers, based on research by Kantar TNS.[1] Launched in the Philippines in 2018, GrabFood is relatively new in the industry yet it has already amassed a large following. It’s the food delivery arm of the Singaporean transport network company Grab. On the other hand, Foodpanda has been operating in the Philippines since 2014. It’s part of Delivery Hero, a multinational online food delivery service based in Berlin, Germany. Unlike GrabFood, Foodpanda’s business is solely dedicated to delivering food. In this Battle of the Brands edition, you’ll see which of the two has a more competitive edge. For a more objective judgment, this Foodpanda…

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Step-by-Step Guide to Car Insurance Renewal in the Philippines

Need to renew your car insurance? This is the best time to review your policy and make necessary changes to it, so you can save money on car insurance. Unlike when you bought your first policy, you now have a better idea of what you really need for insuring your vehicle. So take it as an opportunity to choose the most suitable car insurance policy for you. Here’s a complete guide on how to renew car insurance in the Philippines. When Should I Renew my Car Insurance Policy? Most car insurance policies last for a year, which means yours will likely renew 12 months from when your policy started. For example, if your policy’s effectivity date is June 1, 2020, its car insurance renewal due date would fall on June 1, 2021. If you can’t remember your insurance plan’s effectivity date, look for it on the copy of your policy. You may also call your insurance provider or broker to ask when your policy is up for renewal. How to Renew Car Insurance in the Philippines Should I keep my existing policy or shop for a new one? Is it time to change my car insurance provider? How can I be sure that my renewed policy better fits my needs this time? You’ll get the right answers to these questions, as long as you take these steps before and while renewing your car insurance policy. Here’s your guide to the car insurance renewal process. 1. Review Your Policy Go through your car insurance policy—there might be details that are actually…

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COL Financial Review and Beginner’s Guide to Stock Investing

Curious to know which investments for beginners are right for you? Looking to grow your money in the long term through investing in stocks? Gone are the days when only the wealthy can afford to buy in the stock market. Now, everyone—even college students and housewives—can begin investing through online stock brokers like COL Financial. Stock investing in the Philippines is made easy and affordable for the average investor through online trading platforms. COL Financial for beginners is easy to learn. It’s worth opening an account with this online platform if you’re planning to start as a stock investor even with minimal knowledge and experience in investing. In this COL Financial guide, you can easily learn the ropes and jump-start your stock investment journey. What is COL Financial? COL Financial Group, Inc. (formerly CitisecOnline) is one of the leading and most popular online stock brokers in the Philippines. For around 20 years, the company has been offering an easy and affordable way for Filipinos to invest in the stock market through its online trading platform. Is COL Financial Legit? Yes, COL Financial is a legitimate online stockbroker in the Philippines. It’s a Philippine Stock Exchange (PSE) trading participant, as well as a Securities Clearing Corporation of the Philippines (SCCP) and Securities Investors Protection Fund, Inc. (SIPF) member. Since its establishment in 1999, it now has over 200,000 customers and PHP 62 billion in customer assets. What Can You Do with COL Financial? A beginner-friendly online platform for stock investors, COL Financial for beginners not only enables users to buy or…

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HSBC Credit Card Application: Quick Guide for First-Timers

HSBC is one of the largest banks in the world and one of the leading credit card providers in the Philippines. The bank issues five types of credit cards that cater to different lifestyles and needs. With an attractive reward program, a 0% installment plan, and other exclusive deals, who would not want an HSBC credit card? If you already have an HSBC card in mind, here are the four steps to keep in mind. Steps to HSBC Credit Card Application Philippines 1. Check if You’re Qualified Make sure that you’re eligible to apply for the credit card—this is the first and most important step in the entire application process. You can apply HSBC credit card if you meet all these requirements: Between 18 and 70 years old Have a gross annual income of at least PHP 200,000 (for Red Mastercard and Gold Visa Cash Back) or PHP 500,000 (for Platinum Visa) An HSBC Advance[1] bank account (for HSBC Advance Visa) or an HSBC Premier[2] bank account (for HSBC Premier Mastercard) Primary cardholder of a credit card that’s issued by a bank in the Philippines and in good standing for at least 12 months (for Red Mastercard, Gold Visa Cash Back, and Platinum Visa) 2. Prepare All Requirements HSBC will process your credit card application only when it has received all the required documents. Since some documents take a while to obtain, especially the government-issued ones, it’s best to prepare them first before you proceed with applying for an HSBC credit card. HSBC Credit Card Requirements: Proof of identity:  Any…

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Affected by the Pandemic? Get Help Through COVID-19 Government Assistance Programs

Infected or not, Filipinos are grappling with the impact of the COVID-19 pandemic in one way or another. The public health crisis has disrupted the lives of many. From simple inconveniences like getting stuck in one’s home to more serious problems like the increased risk of COVID-19 infection and loss of income, every day has been a challenge for most. To help Filipinos recover from the loss of economic opportunities due to the pandemic, the government continues to provide unemployment benefits, financial aid, and other forms of assistance. We compiled them into one place so you know which ones you can avail and benefit from. COVID-19 Government Assistance in the Philippines Free Medical Consultation Do you or any family member have possible COVID-19 symptoms? Call any of the following DOH COVID-19 emergency hotlines[1] to ask about your condition: DOH COVID-19 Hotline: (02) 8 952-6843 For PLDT, Smart, Sun, and TNT subscribers: 1555 This free service is available 24/7 for questions from people who suspect they might be infected with COVID-19. Through this emergency hotline, DOH also accommodates requests from those with symptoms and/or known exposure to positive cases and/or patients under investigation (PUIs). Requests are forwarded to the COVID-19 Emergency Operations Center and other relevant agencies, which will provide an immediate response. Related articles: 15 Online Drugstores in the Philippines for Medicine Delivery and Pickup Where to Buy Face Masks and Face Shields in the Philippines What You Need to Know About COVID-19 Vaccines in the Philippines PhilHealth Coverage for COVID-19 Patients PhilHealth covers COVID-19 testing and hospitalization for its…

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10 Tips on Buying a Used Car in the Philippines

You’ve decided to purchase a used car, and you’ve started to hunt for the right one for you. The next steps will be a lot trickier than the car buying decision. Of course, you want a vehicle in the best condition possible at the lowest price. Just because you’re buying a second-hand car doesn’t mean you’ll settle for a huge piece of junk, right? Used cars are raging in the Philippine auto industry today. Take it from all the online communities where car advertising websites and car sellers are in speaking terms. Buying a used car can help you get value for your money. However, purchasing a second-hand car is more difficult than getting a brand new one. This is why apart from getting auto insurance in the Philippines, it’s important that you be very meticulous and careful when buying a pre-owned vehicle. Here are some tips on how to buy second hand car in the Philippines. How to Buy Second Hand Car: Tips to Protect Yourself 1. Research Your Options Extensively Before contacting sellers, make sure you arm yourself first with enough knowledge about the used car model you want to buy and its price range. Compare all the cars in your mind with your budget. Check your prospect’s specifications, variant, and model. This way, you can trim down all your options and will just stick to what precise car you really need and want. Compare prices and read reviews of your desired car. Listen to what others have to say especially to those who have first-hand experience of…

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How Risky is a Credit Card Cash Advance in the Philippines?

Wondering if you can get cash from your credit card? Yes, it’s possible to get a credit card cash advance in the Philippines. This allows you to withdraw money from an ATM or a bank branch using your credit card. But just because you can doesn’t mean you should. Read this guide first and consider the risks of getting a credit card cash advance before you insert your credit card into an ATM. What is a Credit Card Cash Advance? A cash advance is a convenient yet expensive way to borrow money. It involves using your credit card to withdraw money from an ATM or over-the-counter of your credit card’s bank. This is different from using a debit card at an ATM, which involves getting money from your bank account. When you take out a credit card cash advance, you’re borrowing against your credit card limit. You’ll have to pay the cash advance amount back with interest and other fees. Banks in the Philippines set a credit card cash advance limit of 30% to 100% of a cardholder’s total credit limit. If you withdraw too much, you’ll quickly max out your credit card. When you exceed your credit card limit, the bank will charge you an over-the-limit fee ranging from PHP 500 to PHP 1,500. Read more: 10 Advantages of Credit Cards for People Who Are Afraid to Get One What are the Risks of Getting a Credit Card Cash Advance? Unless there’s an emergency, it is never advisable to get a credit card cash advance in the Philippines. That’s…

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How to Calculate Interest and Monthly Payments on a Personal Loan

Everyone knows the importance of choosing the right personal loan. But aside from the lender’s reputation, what else should you be looking into when comparing different personal loans in the Philippines? You should understand how a personal loan is calculated. The interest and monthly payment are two critical factors that borrowers must consider before applying for a loan. Of course, it helps to know how much it will cost you to borrow money from a certain lender, and whether you can afford the monthly payment or not. How a Personal Loan is Calculated A personal loan—or any type of loan for that matter—is calculated by computing the interest or monthly payments (also called amortization or installment) on the loan. What you should compute for depends on the information you need. For example, to find out how much it will cost you to borrow money from a certain lender, you should calculate the interest on the personal loan. The higher the interest you’ll pay, the more expensive borrowing becomes for you. On the other hand, if you want to know whether you can afford to repay a loan every month, then you should look into the monthly payments. Learning how to calculate the monthly payment lets you know if your monthly budget can cover your loan repayments. What is Interest on a Personal Loan? Interest is a fee that the lender charges you for using its money. It’s what you pay back on the loan, usually every month, on top of the borrowed amount. For the borrower, the interest is the…

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Best Credit Cards for Gadget Shopping in the Philippines

Planning to buy gadgets anytime soon? Paying in cash for large purchases is great, but it would take months (or even years) to save up for a mid-range or high-end gadget that could cost more than your monthly salary. This is why using a credit card to pay for big-ticket items such as mobile phones, laptops, cameras, and speakers makes a sensible choice. It lets you rack up more rewards points and make your payments more manageable. Here’s a simple guide to help you find the best credit cards for electronics. 4 Features to Look for in a Credit Card for Electronics 1. 0% Installment Plan Having a credit card that offers flexible installment terms at 0% interest make payments easier on the budget. Instead of being charged the full price for the next billing cycle, you may have it divided into more affordable installments over a period ranging from three to 36 months. 2. Offers Generous Rewards It’s easy to maximize credit card rewards if you use your card mostly for large purchases such as smartphones, tablets, cameras, and laptops. So get a card that lets you earn rewards points for every purchase you make. 3. Free Purchase Protection Insurance A useful credit card feature, purchase protection insurance gets you covered when a gadget you bought using your card is stolen or accidentally damaged within 90 days from the date of purchase. 4. Credit Card Promos for Gadget Purchases Every now and then, credit card providers offer exclusive promos such as discounts, rebates, freebies, and extended warranties to cardholders….

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COMELEC Registration 2021: How to Register as a Voter

Many aren’t aware that voter’s registration for the May 2022 elections is still ongoing. It may be challenging to register as a voter with the pandemic and community quarantines but we can’t stress this enough: Don’t forget to fulfill your duty as a Filipino citizen. Voter’s registration is the first step to exercising your right to vote for the next leaders who will shape our country’s economy, international relations, public health, and other critical national policies. If you wish to vote in the upcoming elections, know the requirements for voter’s registration in the Philippines, as well as the COMELEC requirements for new voters. #MagpaRehistroKa na! Here’s a quick guide to walk you through COMELEC registration 2021. What is Voter’s Registration? Voter registration is the process in which a qualified voter files a sworn application before the election officer of the city or municipality where the applicant lives. Upon approval by the Election Registration Board, the applicant’s record is included in the book of voters. It’s a requirement for any Filipino who wishes to join in choosing the next public officials in the Philippine elections, as well as those who plan to run for public office. Who Can Register as a Voter in the Philippines? You’re qualified to register as a voter in the Philippines if you meet all these eligibility requirements: Filipino citizen who has never registered with COMELEC At least 18 years old on or before the upcoming election on May 9, 2022 At least 15 but not older than 30 years old for Sangguniang Kabataan (SK) Elections Living…

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Best Balance Transfer Credit Cards in the Philippines to Help You Save Money

Are your credit card payments becoming too much of a burden? If you’re paying high interest on your balance every month, it’s time to shop for balance transfer credit cards in the Philippines. Doing so prevents worst-case scenarios like accumulating huge credit card debt. Manage your credit card payments better through balance transfer. Don’t know what a balance transfer credit card is? Get started with this guide. What are Balance Transfer Credit Cards? A balance transfer credit card is a low-interest card where you can move the amount you owe on your other high-interest cards. Because of the lower interest rate, most of your payments will go toward your principal balance instead of the interest charges. This helps you save money on interest payments and pay off your debt faster. This type of credit card also simplifies your payments by consolidating your balances on other cards into one monthly payment and due date. How Do Balance Transfer Credit Cards Work? When you’re approved for a credit card balance transfer, your new card provider will pay your outstanding balance to the original issuing bank. The balance will then be moved to your new card, this time with an interest rate that’s lower than regular rates. The rates of balance transfer credit cards in the Philippines go from as low as 0% to 2%, depending on the balance transfer amount and the cardholder’s selected repayment period. Considering that regular credit cards have an interest rate of 2%, a balance transfer credit card can help you save money on interest payments. This makes…

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What is Roadside Assistance and Why Should I Get It?

When shopping around for car insurance, one of the terms you’d often encounter is roadside assistance. It’s common, but what exactly is it? And how can it help you when you’re on the road? Here are the essential facts you need to know when deciding if you should get roadside assistance in the Philippines. What is Roadside Assistance in Car Insurance? Roadside assistance is a car insurance add-on that provides professional services to policyholders when their vehicle breaks down or figures in an accident. If your insurance policy has this coverage, you just have to call your provider’s assistance hotline to get help during a roadside emergency. Depending on your needs, the car insurance company may send a tow truck to move your car to a repair shop or a technician to perform a minor repair like changing a flat tire or jumpstarting your battery. What Does Emergency Roadside Service Cover? The services that make up road assistance programs vary from one car insurance provider to another. But there are commonly available services for covered vehicles. Roadside Assistance Benefits and Services Vehicle Assistance Towing – If the car can’t be driven due to mechanical breakdown, the insurance company will dispatch a tow truck to bring the vehicle to the nearest accredited repair shop. Vehicle removal using a crane and towing – This service helps retrieve a stuck vehicle due to falling down a slope or overturning and tow it to the nearest accredited mechanic. Battery jumpstart – When the car can’t start due to a dead battery, this type of assistance comes very helpful, enabling…

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Guide to Computing Your Meralco Bill and Electricity Consumption

Don’t you just hate getting shocked by how much your electricity bill has increased compared to previous months? Especially now that you’re mostly at home, your electric consumption is probably higher than before. If you hate surprises like that, then you have to prepare yourself and your budget for what’s to come. Before your next Meralco bill arrives, know how to compute your electric consumption for the month. Another benefit of knowing how to compute Meralco bill is it enables you to determine which of your appliances and devices consume too much electricity. In doing so, you can adjust how you use these power-hungry devices to lower your monthly electric bill. Here’s a simple guide to computing your monthly electric consumption. Learn How to Read Your Electric Meter Your electric meter plays a critical role on learning how to compute Meralco bill. Meralco uses your meter readings for the past month and present month to determine your total electricity usage in kilowatt per hour (kWh), which is the basis for computing your monthly bill. Why bother reading your meter yourself? Even if Meralco has trained meter readers who can do the job accurately, being able to read your electric meter lets you keep track of your power consumption to ensure that your household isn’t consuming too much electricity. If your electric meter has a small digital screen display, finding out your electricity consumption is pretty simple and straightforward. Just read the numbers from left to right. You have an electromechanical meter if it has four dials instead of a digital…

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[Battle of the Brands] PayMaya vs GCash: Which Mobile Wallet App is Right for You?

PayMaya and GCash are the biggest rivals in the Philippine mobile wallet market today. These e-wallet apps enable Filipinos—especially those without bank accounts and credit cards—to make cashless transactions. These apps have been popular over the past few years, as more Filipinos have embraced online shopping.[1] A lot of online retailers and shops have also decided to include mobile wallets in their payment options. Add to that the fact that the pandemic has forced people to stay home, which means that going online and cashless is the safest way to transact. If you have never used a digital wallet but want to try one, you’re probably searching for a PayMaya vs GCash comparison review online to know which is the better mobile wallet app. This Battle of the Brands edition looks closely at the difference between PayMaya and GCash, the two leading mobile money services in the Philippines. Mobile App Usage and Ranking Which mobile wallet is used more in the Philippines? While having more users doesn’t make an app superior to the other, it does speak about the app’s popularity and to some extent, trustworthiness. If an app has garnered lots of users, it may mean that people have found something useful and helpful in it. A lot of these users have even shared the wonders of the said app with their family and friends, thus resulting in more users. At the end of 2020, the number of registered GCash users has grown to over 33 million. This is 65% higher compared to its 20 million users back in…

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Holiday Pay Rules and Computation for Employers and Employees in the Philippines

As an employer, do you observe the holiday pay rules mandated by the Labor Code of the Philippines? And if you’re an employee, are you paid correctly for the work you’ve rendered on a holiday? You might dismiss the importance of this kind of pay, but it’s essential to know the holiday pay computation in the Philippines. For employees, it ensures they receive fair compensation for working on a holiday. For employers, it ensures compliance with the law and prevents salary disputes from employees. Here’s everything you need to know about holiday pay in the Philippines. What is Holiday Pay? Holiday pay is the amount that eligible employees in the private sector receive—whether they worked or not—on a regular or special non-working holiday. Under the Philippine Labor Code[1], employees covered by holiday pay rules should receive at least 100% of their salary even if they did not report for work, as long as they’re present on the workday or on paid leave on the day immediately before the holiday. Who is entitled to Holiday Pay? Not all employees in the Philippines are entitled to this kind of pay. You’re exempted from receiving this government-mandated benefit if you belong to any of the following groups: Workers for retail and service companies with less than 10 regular employees Managerial employees Managerial staff members and officers Government employees Kasambahays Employer’s family members who are dependent on the employer for support Employees engaged on task, contract, or purely commission basis Read more: Holiday Money Mistakes You Should Avoid How to compute Holiday Pay in the…

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Handy Guide to Getting a Citi Personal Loan

Approval within 24 hours and flexible repayment terms of up to five years—these features make the Citi personal loan attractive for those with urgent cash needs. Thinking of applying for a personal loan from Citibank? Here’s a definitive guide to help you determine if it’s the right borrowing option for you and raise your chance of getting approved for a Citi personal loan. ✔️ Citi Personal Loan Features and Benefits Is it worth submitting that Citibank loan application? Learn all about the features and benefits you can enjoy from your Citi personal loan here. Fast Loan Approval Citibank approves personal loan applications in as fast as 24 hours, making it the bank with the quickest loan approval time in the Philippines. Other banks take at least five to seven banking days or longer to approve a personal loan. With the Citi personal loan, borrowers can get approved without the need for collateral or a guarantor. Fast approval, of course, depends on the borrower’s eligibility and completed requirements. Read more: How Fast Cash Loans Work High Loan Amount Borrowers can avail of a Citi personal loan with an amount ranging from PHP 20,000 to PHP 2 million. Thus, the loan from Citibank can be used for a wide array of purposes, such as emergencies, home improvement, debt consolidation, tuition payment, business growth, and more. Related articles: Study Now, Pay Later: How to Get a Student Loan in the Philippines Should You Get a Personal Loan to Travel? Business Loans for Startups in the Philippines Flexible Loan Terms Another advantage of the Citi…

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15 Online Drugstores in the Philippines for Medicine Delivery and Pickup

Need medicines badly for yourself or a loved one but can’t buy them immediately due to the quarantine? Or maybe there’s no drugstore near your place? In such times, an online drugstore that offers medicine delivery in the Philippines can be literally your lifesaver. It saves you a trip to the pharmacy and possibly, a coronavirus infection. How can I get my medicine delivered at home, you might ask. Well, wonder no more. All you have to do is place your order on the pharmacy’s website and wait for medicines to be delivered to you. Thanks to the internet, the medicines you need are just a few clicks away. Here are the online drugstores you should check out for your healthcare needs. Online Drugstores with Medicine Delivery in the Philippines Here’s a quick summary of all online pharmacy options on this list with medicine delivery and/or pickup services. AideApp  A one-stop medical care app, Aide makes availing healthcare services convenient for Filipinos. You can order medicines daily from 8 a.m. to 6 p.m. through the Aide mobile app and receive them at home. There’s no minimum purchase required. Aside from medicine delivery in the Philippines, AideApp’s home care service also includes 24/7 online consultations, vaccination (for flu, hepatitis, etc.), laboratory testing, COVID-19 testing, nurse’s services for treatments such as childbirth and insulin injections, and physical therapy for senior citizens and PWDs. Delivery location: Metro Manila Delivery time: 1 to 3 days or more (depending on medicine availability) Delivery fee: PHP 150 to PHP 350 Payment modes: Cash on delivery,…

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BIR Online Payment Guide: Easy Ways to Pay Taxes in the Philippines

If you’ve been paying your taxes manually, you know how inconvenient it could be—not to mention that it’s risky because of the serious threat of COVID-19. This makes the BIR online tax payment a much better alternative to manual payment. Rather than line up at the bank or a BIR Revenue District Office (RDO), you can just stay at home and pay your taxes using your bank account, credit or debit card, or mobile wallet. The BIR revealed that in 2020, it collected more than PHP 1.6 trillion worth of taxes via electronic payment channels. That was 86% of the agency’s total collection worth PHP 1.94 trillion. This only shows that a lot of Filipinos have preferred online payment over personal interaction at the bank or bills payment center during the pandemic.[1] Pay your taxes online to take advantage of its many benefits. Get started with this BIR online payment guide. Why Should You Pay Your Taxes Online? Online tax payment offers several advantages over manual payment. Here are the best reasons to pay your taxes online. Safety Paying online helps you avoid crowds and long lines, reducing your risk of exposure to the coronavirus. Plus, you don’t have to worry about bringing a large amount of cash when you go out. You can just pay your taxes in the safety of your home. Convenience Using online channels to pay your taxes is quick and easy, and you don’t have to schedule a trip to the bank or payment center anymore. Also, it’s worth noting that BIR is set to…

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Why and How to Get a Security Bank Personal Loan in the Philippines

A lot of 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 getting deeper in debt with the excessively high interest rates. However, borrowing from banks and other formal lenders is the safer route. Because they’re regulated by the government, these lenders observe fair and ethical practices and offer lower interest rates. Still, many Filipinos get easily discouraged from getting personal loans from banks because of the usual strict requirements. Add to that the common perception that it’s hard to qualify for a bank loan. There are a few exceptions, though. Security Bank, for example, has been providing a different, better experience for people seeking personal loans in the Philippines. Keep reading if you want to know how to apply for a Security Bank personal loan and why it’s worth considering for your financial need.  7 Reasons a Security Bank Personal Loan Makes a Practical Choice With a Security Bank loan, you’ll have a safety net when you experience cash flow problems, have a financial emergency, or just need a financial boost. Here are seven reasons to apply for a Security Bank personal loan in the Philippines.  1. Easy to Qualify with Simple Security Bank Loan Requirements If you’re curious to know how to apply for a personal loan in Security Bank, you’ll be pleased to learn that there’s no overly long list of requirements. Security Bank makes it easier for Filipinos to qualify for a personal…

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