All Articles With Author : Venus Zoleta

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

How to Get Police Clearance Online: A Simple Guide for Filipinos

Need a police clearance for local employment? The Philippine National Police (PNP) has recently implemented a new and faster way for Filipinos to secure this document, which is through an online application. Keep reading to know how to get police clearance online in the Philippines without any hassle. What is Police Clearance? The National Police Clearance is a document proving that the holder has no criminal or derogatory record based on the PNP database. The police clearance is usually one of the pre-employment requirements that job candidates must submit to their employer. It’s also accepted as a valid ID in some transactions, such as NBI clearance and credit card applications. However, the police clearance is not honored as a valid ID for COMELEC voter’s registration and DFA passport application/renewal. Read more: NBI Clearance Online Application: Simple Step-by-Step Guide How long is the validity of a Police Clearance? The validity of police clearance is six months. Each clearance bears a unique QR code that ensures its authenticity. Police Clearance Requirements The PNP requires two valid IDs for police clearance online application. Valid IDs should meet the following criteria: Not expired Original (not photocopied) Has the applicant’s complete name, clear photo, and signature Any two of the following IDs can be present when you apply for a police clearance: Alien Certificate of Registration Birth certificate GSIS ID Driver’s license IBP ID OFW ID Passport PhilHealth ID PNP ID Postal ID PRC ID School ID with registration form Senior citizen ID SSS ID/UMID TIN ID Voter’s ID If you have only one valid…

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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. Borrowing money from a bank makes sense when you’re in a tough financial spot during the pandemic. For instance, when you’re out of a job, a personal loan can help you secure additional funds to open an online business from home or tide you over until things get back to normal. The Bank of the Philippine Islands or BPI is a good option when choosing a loan provider. BPI has one of the lowest interest rates in the market, not to mention that it offers a reduced rate promo from time to time. The bank also provides a BPI personal loan package that fits various needs plus potential borrowers can apply online. What is BPI Personal Loan? The BPI personal loan is an affordable, no-collateral cash loan that Filipinos may secure to pay for a variety of purposes, including business, home improvement, education, medical expenses, and travel. Why Should I Get a BPI Personal Loan? BPI’s personal loan offers the ability to take out a loan up to three times your gross monthly income up to PHP 2,000,000. Apart from this, monthly installments can be split into 12, 18, 24, 48, 30, or 36 months and at a fixed interest rate of 1.20%. Monthly repayments are automatically subtracted from the BPI account you nominate upon application. Lastly, borrowers can make payments in advance with no fees involved. Late payments, however, are subject to a 5% late payment charge. BPI Personal Loan Key…

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Big Deliveries? Complete Guide to Transportify Services and Rates in the Philippines

With the likes of LBC, GrabExpress, and Lalamove dominating the courier services market in the Philippines, there’s another promising yet underrated online delivery platform you might not have heard of—the Transportify app. Transportify differentiates itself from other logistics companies by offering a broad selection of vehicles built for heavy-duty deliveries at affordable rates. Whether you’re a small business owner who needs to deliver products to customers or someone moving to a new home or buying furniture and appliances, there’s a suitable vehicle you can book through the Transportify app. Here’s everything you need to know about Transportify app features, services, and rates in the Philippines. What is Transportify? Transportify[1] is an app-based trucking logistics company that provides on-demand, same-day, and door-to-door pick-up and delivery services in Metro Manila and Luzon. Launched in the Philippines in 2016, Transportify also operates in Thailand and Indonesia under Deliveree Group. Transportify App Features Through the Transportify web app or mobile app, individuals and businesses can book and manage deliveries of goods, cargo, merchandise, and more. Various features in the app make it easy and convenient for customers to do so. 1. Real-Time Transportify Tracking Using Global Positioning System (GPS) technology, the app allows live tracking of the whereabouts of the vehicle they booked for delivery from when the driver accepts the booking until the goods reach their destination. This Transportify tracking feature shows real-time ETAs (estimated time of arrival), so customers know when to expect the driver to arrive at their location for pickup and when the item will be delivered. 2. Flexible Booking Schedules…

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How to Get Your TIN in the Philippines: Requirements, Steps, and Fees to Know

A TIN is one of the most crucial numbers you’ll ever have in your life. It can be as important as your cellphone number, so much so that you might have to memorize it as well because you’ll be asked to write down your TIN in countless forms and documents. Have you ever been issued a TIN before? If not, then here’s your guide on how to get TIN number in the Philippines. What is TIN? A Tax Identification Number or TIN is a unique and permanent number issued by the Bureau of Internal Revenue (BIR) to an individual or organization to ensure that they pay correct taxes on time. It’s used for properly identifying the taxpayer when filing tax returns and tracking tax obligations and payments. The TIN is like an SSS number, PhilHealth number, and Pag-IBIG number in the sense that each of them is required in all transactions with the concerned government agency. This BIR-assigned number is also a requirement in other types of transactions, such as permit applications, voter’s registration, opening a bank account, and vehicle registration with the LTO. Having a TIN is also a pre-requisite for the issuance of your TIN ID card, which is one of the accepted valid IDs in the Philippines. Read more: How to Get a TIN ID in the Philippines: A Complete Guide Who is Required to Secure a TIN? Anyone who earns income in the Philippines, both Filipino citizens and foreign nationals, are required to pay taxes to the government and thus must register with the BIR and…

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Pag-IBIG Online Registration Guide: How to Get Your Pag-IBIG Number Online

For fresh college graduates and first-time employees, membership in the Pag-IBIG Fund (as well as PhilHealth and SSS) is like a rite of passage into adulthood. It marks your beginning as a full-fledged career professional. Consider yourself lucky because nowadays, most government transactions like the Pag-IBIG online registration can be done over the internet. No need to waste your precious time waiting in line just to register with a government agency. With Pag-IBIG online, it takes only a few minutes and several clicks to enroll as a member of the Pag-IBIG or Home Development Mutual Fund (HDMF). It’s a lot more convenient now compared to the manual registration that your parents and older siblings had to go through in the past. To make the process even easier for you, here’s a simple guide on how to apply for Pag-IBIG membership online. What is Pag-IBIG Online Registration? Pag-IBIG online registration refers to the process of enrolling yourself as a Pag-IBIG Fund member. This involves submitting your information, generating your Member’s Data Form (MDF), and getting your Pag-IBIG Membership ID (MID) Number through the HDMF Online Registration System. Who Should Register for Pag-IBIG Membership? Pag-IBIG membership may either be mandatory or voluntary depending on the person’s source of income. Mandated Pag-IBIG Membership Mandatory coverage under the Pag-IBIG Fund means membership is required for the following people: Employees in the private sector (permanent, temporary, or provisional status) up to 60 years old Government employees with GSIS coverage regardless of appointment status Self-employed individuals up to 60 years old earning at least PHP 1,000…

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Sulit Tiangges in the Philippines for Budget Shoppers

The holiday season for the typical Pinoy isn’t complete without a trip to the tiangge or flea market that offers bagsak presyo items to shoppers. Even if online shopping sites provide an easy alternative especially now that we are still facing a pandemic, nothing beats the experience of searching the best deals at every tiangge stall and haggling to get the lowest price possible. If online shopping isn’t your thing, consider value-for-money tiangges in the Philippines. Just remember to follow health and safety guidelines such as wearing a face mask and physical distancing. Taytay Tiangge Best place to shop for: Clothes, shoes, sportswear, bags, novelty items Taytay, the country’s garment capital,  is home to the perfect budget shopping destination for Pinoy fashionistas: Taytay Tiangge. Cheap meets quality in this popular fashion flea market. Designed and manufactured locally, product selections in Taytay Tiangge include shirts, blouses, dresses, shorts, pants, skirts, sportswear, sleepwear, bags, and more. It’s advisable to go for a Taytay tiangge haul since prices here are even lower[1] than in Divisoria, Baclaran, and Greenhills. Shoppers also get discounts when they buy in bulk. Taytay Tiangge Schedule Although shopping stalls open daily from 6 a.m. to 5 p.m., the best days to visit are Mondays and Thursdays when new stocks arrive. Early morning shopping on Tuesdays or Fridays is also great because all the stalls are open. Stalls in Taytay Tiangge are typically open every Monday to Friday, 6 a.m. to 5 p.m. and Saturday and Sunday, 8 a.m. to 6 p.m. Taytay Tiangge Address Manila East Compound, Taytay, Rizal How to go to Taytay…

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PERA Investment Guide to Opening an Account Plus Pros and Cons

The problem with retirement planning in the Philippines—aside from the lack of it—is the limited investment choices available for Filipinos who want to save up for when they retire. Addressing that challenge, the government offers the Personal Equity and Retirement Account or PERA as an additional source of retirement income to help Filipinos achieve a comfortable and financially secure retirement. Will a PERA investment suit your retirement goals? Here’s a guide to help you decide whether it’s worth investing in PERA or not, and the steps to opening a PERA account in the Philippines. What is PERA Investment? PERA is a long-term and tax-free voluntary retirement investment program in the Philippines. Created through Republic Act 9505[1], PERA is similar to the Individual Retirement Account (IRA) and 401(k) retirement plans in the United States. The PERA law is meant to encourage Filipinos to save money for retirement through generous tax benefits for investment earnings held for five years or longer and until the age of 55. Designed as an additional retirement savings option, PERA supplements rather than replaces GSIS or SSS pensions and retirement pay from private employers. Who Can Create a PERA Account? Filipinos here and abroad aged 18 and above with a Tax Identification Number (TIN), whether employed or self-employed, may open a PERA account. Below is the basic eligibility criteria and requirements: At least 18 years of old Has a source of income in the country or abroad Tax Identification Number (TIN) Current or savings account from a PERA administrator bank Valid IDs (Driver’s License, Passport, UMID, SSS ID, etc.)…

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10 Online Toy Stores in the Philippines for Kids and Grown-ups

It’s just a few weeks before Christmas. Nothing—not even the pandemic—can stop us from spreading the holiday cheers. Put a smile on the kids’ faces by gifting them with cool toys. If you’re a hobbyist, treat yourself by collecting more toys. If you’re feeling uncomfortable and wary of going to the mall for your Christmas gift shopping, your best bet is to shop for gifts online. Good thing, some toy stores in the Philippines have launched their own online stores, so people can shop from home instead of flocking to the malls. Here’s a list of online toy stores in the Philippines where you can buy gifts for your children, nieces, nephews, godchildren, or yourself. Online Toy Stores in the Philippines for Kids 1, Toy Kingdom Online Store Do you always buy gifts for the kids from Toy Kingdom? No need to go to the mall to do that this time. You’ll be glad to know that you have not just one but three ways to shop online at one of the most popular toy stores in the Philippines. Toy Kingdom opened its e-commerce website in September 2020 for customers who prefer to shop online. The Toy Kingdom online store has guaranteed delivery services and a 15-day return policy. Alternatively, if a particular item you’re looking for is not available on the Toy Kingdom website, you can shop at its Lazada or MetroMart store. Delivery location: Nationwide Shipping options: Delivery and store pickup Delivery time: Metro Manila: 3 to 5 working days Luzon: 5 to 9 working days Visayas: 7 to 12…

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Complete Guide to PSA Online Services via PSA Serbilis and PSA Helpline

Too busy to apply for a birth, marriage, or death certificate at a PSA Serbilis Center? A convenient alternative to a walk-in application is using the PSA online service. This is also a safer service instead of having to go outside to process your PSA online application. Through PSA online, you can skip the long lines and stressful commutes. Applying and paying for civil registry documents from the Philippine Statistics Authority or PSA (formerly National Statistics Office or NSO) can be done over the internet. Your requested certificates will be delivered to your home or office after several days. Even if you’re based abroad, you can still request documents via PSA or NSO online and have them delivered to your preferred address. You can get a PSA certificate online either through PSA Serbilis and PSAHelpline.ph. Here’s a quick walk-through of each PSA online services. PSA Online Application via PSA Serbilis What is PSA Serbilis? The PSA Serbilis website[1] (formerly e-Census) is an online facility that enables Filipinos to order a birth, marriage, or death certificate or Certificate of No Marriage Record (CENOMAR) and have it delivered anywhere in the Philippines or abroad. The PSA handles the site directly. How to Get a Birth, Marriage, or Death Certificate Online via PSA Serbilis Here are the detailed steps to get your needed document from the PSA online: Click the “Click here to request now” button on the PSA Serbilis homepage. Read the Terms and Conditions. Click the “I Accept” button. Enter the required contact and delivery information. Click the Next button. Confirm…

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Moneymax Reviews: Should You Get an RFC Personal Loan?

In this financially challenging time, getting a personal loan is an option for Filipinos with an immediate need for cash but are short of budget. But with the many lenders out there, which one should you borrow from? Ideally, a personal loan provider makes it easy for you to get cash for your urgent financial need, especially if you lack income documents that banks and government lenders require. In this edition of Moneymax Reviews, we’re zooming in on the RFC Personal Loan—an online multi-purpose loan provided by Radiowealth Finance Corporation. Keep reading this RFC personal loan review to find out if this matches your needs best. RFC Personal Loan Key Features To start with this RFC Personal Loan review, here’s the basic information you should know before borrowing from Radiowealth Finance. Loan amount: Minimum of PHP 10,000 Loan terms: 3 to 12 months Monthly interest rate: 4% Processing fee: 6% Minimal requirements: No collateral, guarantor, and credit card required Why Should I Get an RFC Personal Loan? 1. Available for Different Loan Purposes The RFC multi-purpose loan can be used to cover a variety of needs[1], including the following purposes: Home improvement/renovation/repair costs Tuition and other school expenses Medical bills and other emergency expenses Travel expenses 2. Flexible Radiowealth Finance Loan Requirements One of the biggest advantages of an online loan like the RFC personal loan is that it’s easy to qualify for. As long as you’re a Filipino aged 21 to 64 and earns at least PHP 10,000 monthly, then you can apply for an RFC loan. With government loans and bank loans,…

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Complete Guide to Lalamove Delivery Services and Rates in the Philippines

Decades ago, people looking for delivery or moving services had to browse through telephone directories (if you know what they looked like) or ask around for recommendations from family and friends. For regular folks and small businesses with little resources, finding a logistics provider was that inconvenient. But modern technology has changed all that. With your smartphone, you can easily and quickly book a vehicle to bring something from your place to another. One of the delivery companies that offer Filipinos that kind of convenience is Lalamove Philippines. If you’re interested in using the Lalamove app for your personal or business deliveries, then read this Lalamove guide. What is Lalamove? Lalamove is an on-demand and scheduled delivery app that connects individuals and businesses to its partner drivers for same-day and door-to-door courier services. This online delivery company[1] operates in several countries across the United States, Latin America, and Asia, including the Philippines. Read more: 20 Courier Services in the Philippines You Can Rely On Lalamove Delivery Services in the Philippines 1. Lalamove Courier Service Lalamove Philippines offers a wide variety of vehicle options through its app for the delivery of goods in different shapes and sizes, ranging from small parcels (and even valuables like cash and gadgets) to large and bulk items. Motorcycle Have small items such as food, groceries, clothing, or documents delivered via motorcycles through the Lalamove app. As long as your parcel is under 20 kg, a motorcycle can accommodate and send it to your chosen destination. LalaJeep LalaJeep is an affordable delivery service launched by Lalamove Philippines…

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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 as 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 rules 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 Holiday Pay Computation in the Philippines The Department of Labor and Employment (DOLE)…

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Credit Card vs Debit Card: Which Card Should I Use?

Credit card vs debit card, which is the right card to use? Each time you open your wallet to pay for a purchase, you face this dilemma when you don’t want to pay in cash. You then ask yourself “Should I pay with my credit card or debit card?” Choosing between a credit card and a debit card can be rather confusing. These two plastic cards look almost the same, and both are swiped or tapped on a point-of-sale (POS) terminal. But using a particular card in certain situations makes a huge difference in your finances. Keep reading to know the difference between debit and credit card and when is the smarter choice to use one. What’s the Difference Between Debit and Credit Card? The key difference between a credit card and debit card lies on where the money used for payment is taken from. Using a credit card means borrowing money up to a certain amount from your issuing bank to pay for your purchase. The total amount you can spend with your card per month depends on your credit limit. And since you’re borrowing from the bank, you’re expected to pay back what you owe by the due date. On the other hand, using a debit card involves taking the money directly from your savings account or checking account soon after you pay for a purchase. You can keep charging transactions with your debit card as long as you have available funds in your bank account or until you’ve reached your daily POS purchase transaction limit. Now, let’s deal with the…

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10 Sulit Ways to Use a Cash Loan in the New Normal

Why do people get personal loans? In the broadest sense, Filipinos borrow money for various loan purposes —whether good or bad — when they need to buy or pay for something but are currently short of cash. You might be thinking of getting a personal loan and wondering if it’s the best option right now. Borrowing from a licensed and legitimate lender is a good idea if you’ll use the funds for one of these two general loan purposes:  Cover emergency expenses during an unexpected life event Invest in your career, business, or education In particular, here are personal loan purposes where borrowing money makes sense in the new normal. 10 Good Personal Loan Purposes in the Philippines 1. Buy Groceries and Other Basic Necessities Having a reduced income is one of the harsh realities many Filipino families are dealing with during the COVID-19 crisis. A cash loan saves the day when you’ve run out of household necessities like groceries and baby care essentials—and payday is several days away. You can instantly borrow money to stretch your budget and provide for your family until you receive your next paycheck. 2. Pay Your Bills Don’t have enough money to pay all your bills for the month? Avoid getting your electricity, water, internet service, and other utilities disconnected. With a cash loan that’s quick to avail like the Tala loan, you can settle your unpaid bills and have nothing to worry about. 3. Pay for Unexpected Medical Expenses Even if you and your dependents have PhilHealth, HMO, and/or health insurance coverage, you…

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Hazard Pay Guidelines Government and Private Employees Need to Know

Some jobs are naturally riskier than others. Doctors, nurses, firefighters, policemen, soldiers, and others in hazardous work environments put their life on the line while fulfilling their duties. If your line of work involves some risk, you deserve proper compensation through hazard pay. Don’t understand how hazard pay in the Philippines work? Here’s a complete guide for employees entitled to this benefit. What is Hazard Pay in the Philippines? Hazard pay, also called hazard allowance or hazardous duty pay, is compensation paid in addition to regular salary to workers who perform hazardous duties or whose work involves physical hardships. This is based on the Department of Budget and Management’s (DBM) definition of hazard pay[1]. In simpler terms, hazard pay is the amount you’ll receive from your employer on top of your basic salary if the nature of your work involves a high risk of getting an illness or injury or losing a life. Examples of work conditions that merit a hazard allowance include war zones, healthcare facilities, construction sites, mines, and chemical plants. Hazard pay in the Philippines is given to qualified employees either as a fixed monthly rate or as a percentage of the monthly basic salary. Who is Entitled to Hazard Pay? Not all employees are eligible for hazard pay, apparently because not everyone is exposed to hazardous work conditions. Hazard pay laws and presidential directives in the Philippines define certain types of government workers who should receive this allowance. Government Employees Administrative Order 26[2] issued by President Rodrigo Duterte on March 2020 grants COVID-19 hazard pay to…

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Paternity Benefits in the Philippines: A Father’s Guide to Paternity Leave

Expecting a baby soon? Your role as a father is crucial from the moment you learn about your wife’s pregnancy, more so during and after childbirth. You have to give her your time and support every step of the way—on top of working hard to provide for your new family. And that’s why as a dad-to-be, you deserve to know the paternity benefits you can get from your employer and the government. Here are the questions soon-to-be dads usually ask about paternity benefits, specifically paternity leave in the Philippines, and their corresponding answers. What Paternity Benefits Can I Claim? Let’s set your expectations straight: Paternity benefits differ a lot from PhilHealth and SSS maternity benefits. For one, these two government agencies don’t provide benefits specifically for expectant fathers. Also, the Philippine Labor Code[1] provides maternity leave benefits only—it doesn’t mention anything about paternity benefits. However, there’s a law that grants paternity leave benefits: the Paternity Leave Act of 1996 or Republic Act 8187[2]. The Paternity Leave Law Under RA 8187, male private and government employees in the Philippines are entitled to seven days of paternity leave with full pay. They should receive their basic salary, allowances, and other monetary benefits for those days. The paternity leave allows fathers to care for their newborn and wife after giving birth or help their partner recover after a miscarriage or abortion. That’s all you can expect to receive—nothing more, nothing less—except if you’re working for a company that offers a paid paternity leave that’s longer than the government-mandated leave. Who is Eligible for Paternity…

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BM Online System Guide for Balik Manggagawa OFWs

Getting an Overseas Employment Certificate (OEC) or exit clearance can be a nightmare for many Overseas Filipino Workers (OFWs). OEC processing can take them an entire day lining up for hours and wasting precious time they could’ve spent with their families instead. It gets worse when OFWs come back home to spend Christmas holidays and attend school graduations. According to the Department of Labor and Employment, as many as 7,000 OFWs apply for an OEC per day during peak seasons. The result? Incredibly long lines at the Philippine Overseas Employment Administration (POEA) offices all over the country and thousands of frustrated OFWs. Are you a returning OFW? Save yourself from the stressful and tedious process of securing an OEC—use the Balik Manggagawa Online Processing System or BM Online[1]. What is BM Online and Who Can Use It? The BM Online is an online facility at the POEA website[2] that OFWs can use to get their OEC online anytime and anywhere in the comfort of their homes. No need to visit the Philippine Overseas Labor Office in their country of employment or line up at a POEA office or OEC processing center during their vacation. This online service is available to vacationing OFWs who are returning to the same employer and job site and have a record in the POEA database. Securing an OEC via BM Online costs PHP 119.50 (processing fee of PHP 100 plus e-payment service fee of PHP 19.50). Some OFWs are not qualified for straight OEC online processing because of these reasons: Without POEA record/no record found Undocumented…

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Got GCash Mastercard? Steps to Order and Activate Your GCash Card

Combining the benefits of a credit card and a debit card, the GCash Mastercard makes a great addition to both your physical and GCash wallets. You get the convenience of card payments even without a credit card or bank account. This makes the GCash card ideal for students, fresh graduates, freelancers, unemployed people, and others who find it hard to get approved for a credit card. Want to get your own card from GCash? Here’s everything you need to know about buying, activating, and using a GCash Mastercard. What is GCash Mastercard? The GCash Mastercard is a physical reloadable prepaid card that is used together with the GCash app to pay for online and in-store purchases as well as withdraw cash from ATMs. It allows GCash customers to enjoy the benefits of a credit card and a debit card in one. GCash Mastercard Features EMV chip card[1] with a 16-digit card number and a three-digit CVV No maintaining balance required Customer Protect Program that covers unauthorized transactions Daily withdrawal limit: PHP 100,000 GCash Mastercard Fees Price: PHP 150 (plus PHP 65 delivery fee for online orders) ATM withdrawal fee: PHP 20 (local) / PHP 150 (overseas) per transaction ATM balance inquiry fee: PHP 3 per transaction Related article: 8 Mobile Wallets for a More Convenient Online Transaction GCash Mastercard Uses and Benefits What can you do with a GCash Mastercard? If you have a GCash account, you might be wondering whether you should get a reloadable prepaid card to go with it. Although using the GCash app alone is enough for…

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Moneymax Reviews: What to Know About Citi Personal Loan

Here’s another edition of Moneymax Reviews! This time, we take a closer look at one of the better-known bank loans in the Philippines: the Citi personal loan. You might have come across it while you’re searching for options to borrow money online. If you’re considering it, you’ve come to the right Citi personal loan review. You probably have some questions in mind about the Citibank personal loan. Is it good? Is it easy to secure? How does it stack up against other personal loans in the Philippines? This Citi personal loan review will look into these and more. Citi Personal Loan Key Features Before we dig deeper into this Citi personal loan review, you first have to know if the Citibank personal loan is the right fit for you. Take a look at its features, fees, and charges below: Loan amount: PHP 100,000 to PHP 2 million Loan terms: 1 to 5 years Monthly interest rate: 2.42% Average annual contractual rate: 26.9% Disbursement fee: PHP 1,750 Documentary Stamp Tax (DST): PHP 1.50 per PHP 200 of the loan amount Effective annual interest rate: 32.05% for a loan worth PHP 200,000 at 36 monthly repayments  (inclusive of monthly interest charge, disbursement fee, and DST) Monthly late charge: PHP 500 or 6% of the overdue amount, whichever is higher Closure handling fee: 4% of the unbilled principal component of the loan that is prepaid Why Should I Get a Citi Personal Loan? Convenient Online Personal Loan Application Citibank makes it quick and easy for borrowers to apply for a personal loan online….

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PhilHealth and SSS Maternity Benefits Every Parent Needs to Know

Is a baby on the way? As a soon-to-be parent, you couldn’t be more excited. But you also couldn’t help being worried about the costs of pregnancy and childbirth. Do you have enough money to cover all of them? Whether you’re financially ready for a baby or not, you should know all the government-mandated benefits you’re entitled to and factor them into your budget. Employed and stay-at-home or work-from-home mothers—married or not and regardless of employment status—can avail of maternity benefits of PhilHealth and SSS. Maternity benefits in the Philippines may not be worth that much, but they can certainly help ease the financial burden that comes with preparing for a newborn and supporting yourself before returning to work. SSS Maternity Benefits Guide What is SSS Maternity Benefit? The maternity benefit granted by the SSS[1] is a daily cash allowance for covered female members who are unable to work due to childbirth, miscarriage, or emergency termination of pregnancy (including stillbirth). Who Can Receive SSS Maternity Benefits in the Philippines? Female private employees, government employees, self-employed individuals, and national athletes covered by the SSS can avail of maternity benefits upon meeting the following requirements: For private employees and self-employed women: At least three posted monthly SSS contributions within 12 months immediately before the semester of delivery, miscarriage, or abortion (For example, if you expect to give birth in June 2021, you should have paid at least three monthly contributions from January 2019 to December 2019.) Notification and proof of pregnancy (ultrasound report, medical certificate, or pregnancy test stick) sent to the employer (for private…

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