All Articles With Category : Loans

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

Buying a Vehicle? Here are Your Car Financing Options

For many millennials, buying a car is something to cross off their bucket list. Having that first set of wheels means you’re on the right track to becoming a full-fledged adult. But you need money—lots of it—for your biggest investment ever. As a young professional, you aren’t making enough money to drive your dream car out of the showroom and into your garage. The cheapest sedan in the market today costs over half a million pesos. Even if you have that amount in the bank, you won’t dare spend it all on a whim. Because yes, you’re a responsible adult who’s got bills to pay and maybe even mouths to feed. Good thing, there are different car financing schemes in the Philippines that allow buyers to get their dream car without having to fully pay for it in cash. Table of Contents4 Car Financing Options in the PhilippinesBank FinancingDealership FinancingCredit CardHome Equity LoanHow to Get Car Financing in the PhilippinesStep 1: Check if You’re Qualified for an Auto LoanStep 2: Compute How Much You Can BorrowStep 3: Compare LoansStep 4: Complete the Car Loan RequirementsStep 5: Submit Your Loan ApplicationStep 6: Wait for the Loan Approval and ReleaseFAQs on Car Financing in the Philippines1. Is getting a loan to finance an auto a good idea?2. Who becomes the owner of the car financed through a loan?3. What are the types of auto loans in the Philippines?4. What is chattel fee?5. Can I finance a second-hand car through a loan?6. My loan application was rejected. What should I do?Final ThoughtsGet a…

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Ask Moneymax: I Can’t Pay Off My Debt This Pandemic. What Should I Do?

“Begin with the end in mind.” – Dr. Stephen Covey, The 7 Habits of Highly Effective People To begin with the end in mind means knowing where you’re going, so you can better understand where you are now and ensure that the steps you take are always in the right direction. Covey’s second habit emphasizes the value of thinking first before you act. This applies to all facets of life, even to ongoing personal battles along with the continued rise in COVID-19 cases and the threat of the Delta variant: coping with grief, toxic relationships, struggles at work, and financial hardship. It’s easy to assume the worst, wallow in despair, or disregard contractual obligations. But that’s not how to deal with this pandemic crisis. You need to face your responsibilities head-on. Yes, that includes settling your outstanding bills and debts! This article aims to help you manage debt in this new normal and to provide answers to common questions borrowers ask, like what happens if you can’t pay off your loan and what to do about it. Table of ContentsManaging Debt in the New Normal: Your Burning Questions Answered1. Is there a difference between loan delinquency and loan default?2. Can you be arrested and sent to jail if you fail to pay your debt?3. If borrowers can’t be jailed for delinquent payment, does it mean lenders can’t file a case against them?4. Can you ignore a call from a debt collector since it’s pandemic?5. I’m being harassed due to my delinquent payment. What should I do?6. Can you still reach…

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Ready to Upgrade Your Home? Here’s How to Finance a Home Renovation

More often than not, when people talk about home renovation, they actually talk about building their dream house. But that’s not the only reason property owners want home improvement projects.  Some want to turn their homes into a money-making asset, such as a rental property, whether for long-term residents or Airbnb bookers. Others want to add rooms and kid-friendly features to accommodate their growing family. Moreover, you’ll always find people who will remodel their properties before selling them so that they’ll fetch a higher price. Regardless of your plans, the biggest question that you’ll need to ask is how you’re going to pay for it. Pinning this down early on will keep you from making costly mistakes in the future.  Thankfully, there are a few practical ways to finance a home renovation. We’ve listed them down below, plus a few handy tips on how to save on renovation costs while maximizing your budget. Table of ContentsWays to Finance a Home Renovation in the PhilippinesSave Up and Pay CashPersonal Loans for Home ImprovementHome Equity LoansHome Loan RefinancingCredit CardsTips on Choosing the Best Home Renovation LoanTips on Saving on Home Renovation Costs1. Stick to Your Budget 2. Do Things Yourself3. Wait for Sales and Big Discounts4. Plan with Professionals5. Go for High-Quality and Trusted ServiceFinal Thoughts Ways to Finance a Home Renovation in the Philippines The method of paying for your home improvement project will depend on two things: the amount of money that you have or are willing to borrow and the size of the property to be renovated. Throughout the…

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SAFC Loan Guide: What to Know About South Asialink Finance Corp’s Loan Products

A lot of people who need extra funds often go for unsecured or non-collateral loans. Primarily, this is because unsecured loans providers are easy to find. Also, you won’t have to worry about surrendering any asset to borrow the cash that you need. Nevertheless, getting a secured or collateral loan still makes a great choice, especially if you’re in a bind and require a huge amount of money. In this case, working with a reputable loan provider, such as South Asialink Finance Corporation (SAFC), is a wise move. The company is known for its vehicle collateral loans. So if you have a car or a truck, this one’s for you. Moreover, South Asialink Finance Corporation has financing products for those who are looking to buy a car or a truck. Here’s what you need to know about the SAFC loan. Table of ContentsWho is South Asialink Finance Corporation?What are the SAFC Loan Products?1. Car Loan2. Truck Loan3. Second Hand Car Financing4. Truck FinancingHow Much Can You Borrow with SAFC Loans?What are the Interest Rates of SAFC Loans?  Where Can I Use an SAFC Loan?1. Additional Capital for Business2. Purchase of a New Vehicle3. Home Renovation4. EducationWhat are the Benefits of Getting an SAFC Loan?1. High Loan Value2. Low Interest Rates3. No Need to Surrender the Vehicle4. Straightforward Application ProcessWhat are the Disadvantages of Getting an SAFC Loan?1. Possibility of Losing the Asset if You Fail to Pay2. Low Assessment Value3. Approval Takes TimeWhat are the SAFC Loan Requirements?1. SAFC Car and Truck Loan Requirements2. SAFC Second Hand Car Financing Requirements3. SAFC…

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Starting a Business? Here’s Your Guide to Esquire Financing Business Loan

You may be incubating a brilliant business idea that has the potential to become the next Jollibee or Facebook. But that idea will not take off unless you have enough fuel. Your determination can only do so much; you need money to make things happen. It’s easy to find a business lender these days. However, finding one who understands the drive and mentality of small business owners may be quite challenging. Nevertheless, there are a handful of reliable lending companies out there―and Esquire Financing, Inc. is one of them. If you want to turn your business plan into a reality, consider collaborating with Esquire Financing, Inc. Here are some important tidbits about the company. We’ve also included a short application guide should you decide to apply for this loan. Table of ContentsWho is Esquire Financing?Where Can I Use Esquire Financing Business Loan?What are the Advantages of Esquire Financing Business Loan?1. High Loan Amount2. No Collateral Involved3. Lower Interest RatesWhat are the Disadvantages of Esquire Financing Loan?1. Processing Takes Up to Seven Days2. Short Loan Tenure3. High Required Monthly IncomeHow to Apply for Esquire Financing Loan1. Check if Your Business is Eligible for a Loan2. Collate the Requirements3. Fill Out the Online Application Form4. Submit All the Required Documents5. Wait for Your Loan Application’s ApprovalWhat to Consider Before Applying for Esquire Financing Loan1. Know the Purpose of Your Business Loan2. Decide on the Loan Tenure3. Check If You Can Pay the Monthly AmortizationA Short Review of Esquire Financing Business LoanFinal Thoughts Who is Esquire Financing? Esquire Financing’s business boan is a…

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BillEase Loan: How to Shop Now, Pay Later and Get a Cash Loan Through BillEase

Amid these trying times, a lot of Filipinos wish to borrow money as financial relief in these trying times. Different loans fulfill different life goals. But have you heard about the BillEase loan that takes care of your online purchases and cash needs? Yes, BillEase Loan[1] is an option for those who want to buy essentials, gadgets, and other items from digital stores. Aside from that, BillEase also offers cash loans for those who need money for other purposes. Learn more about the BillEase loan through this ultimate guide. Table of ContentsHow BillEase WorksLow Interest RateFlexible Loan AmountIn-App Exclusive FeaturesBillEase Buy Now, Pay Later GuideWhat is the BillEase Buy Now, Pay Later Service?How Does BillEase Buy Now, Pay Later Work?What are the BillEase Loan Requirements?How Do I Get Approved for a BillEase Loan?How to Process the Buy Now, Pay Later OptionDo I Need to Provide a Down Payment for the BillEase BNPL Option?What Happens If I Don’t Settle the Down Payment?Where Can I Buy Items with BillEase?BillEase Cash Loan GuideWhat is the BillEase Cash Loan?How to Set Up a BillEase Cash Loan Cashout MethodHow to Apply for a BillEase Cash LoanHow to Pay BillEase LoanFinal ThoughtsNeed a Cash Loan? Compare Personal Loans at Moneymax! How BillEase Works The BillEase loan gives Filipinos a chance to shop and pay with convenience. You can borrow money from BillEase via two loan products: the Buy Now, Pay Later option and the BillEase Cash Loan. Upon BillEase approval, borrowers can enjoy the following benefits: Low Interest Rate With the loan’s monthly interest rate of…

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12 Personal Loan Myths Debunked: Know the Real Deal Before Borrowing

Think everything you hear about personal loans is true? Filipinos have this irrational fear of getting a loan because of what they hear from other people. Believing in personal loan myths could lead to missed opportunities for achieving goals like starting a business or funding your child’s education. In itself, borrowing money from reputable financial institutions is not bad. When used and managed responsibly, personal loans can help you financially. Educating yourself about personal loans in the Philippines is a good first step when deciding whether to get one or not. Be informed. Here are the common personal loan myths debunked. Table of Contents12 Personal Loan Myths Busted1. Personal Loans Have High-Interest Rates2. Personal Loan Application is a Complicated Process3. Loan Approvals Take Time4. Only Employees Can Apply for a Personal Loan5. You Need an Excellent Credit Score to Qualify6. You Can’t Qualify for a Loan without a Bank Account7. Lenders Charge Many Fees8. Online Loans are Scams9. Personal Loans Can Drown You in Debt10. Personal Loan Terms Can’t be Negotiated11. You Can Lie About the Reason for a Personal Loan12. Borrowers Can Go to Jail for Not Paying a Personal LoanFinal Thoughts 12 Personal Loan Myths Busted 1. Personal Loans Have High-Interest Rates Personal loan myths like this come from the experience of borrowers who get trapped in high interest of many quick easy loans, who believe that these are the only types of loans available for them. However, not all types of loans in the Philippines come with high-interest rates. Interest rates on personal loans from government agencies…

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CTBC Personal Loan Online Application: How Do I Apply and Get Approved?

When financial difficulties hit you and your family, things can get stressful primarily because operating on a limited budget can test your patience and tolerance to uncertainties. Thankfully, there are many banks and financial institutions that lend a helping hand through their loan programs. One of the trusted banks that you can visit is CTBC Bank. Founded in 1966 in Taiwan, CTBC Bank has been providing Filipinos with top-notch and reliable financial services since its arrival on Philippine shores in 1995. And one of the products that you can count on is its personal loan, otherwise known as the CTBC Bank Salary Stretch Loan. This article will provide you with important information about the CTBC Bank Salary Stretch Loan. We’ve also come up with a guide to the CTBC personal loan online application.  Table of ContentsWhat is CTBC Bank Salary Stretch Loan?Where Can I Use a CTBC Bank Salary Stretch Loan?1. Emergency Expenses2. Your Dream Business3. Your Child’s Education4. For Your Hobbies and Passions5. A New GadgetWhy Should I Get a CTBC Bank Salary Stretch Loan?CTBC Bank Salary Stretch Loan Key FeaturesHow to Apply for a CTBC Bank Salary Stretch Loan Online1. Know If You’re Eligible for the Loan2. Gather the Documentary Requirements3. Submit Your Application via Email CTBC Bank Salary Stretch Loans FAQs1. Can I apply via the CTBC Bank’s website?2. How will I receive my loan proceeds?3. How can I pay my CTBC Bank Salary Stretch Personal Loan?4. Can I pay my CTBC Bank Salary Stretch Loan via GCash?5. Who should I contact in case I encounter a problem…

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RFC Loan Guide: How to Get an Online Loan from Radiowealth Finance

Sometimes, cash-strapped people tend to borrow money from the first lender they come across. It’s understandable if the borrower is dealing with an emergency. But if you have some leeway, you’ve got to take the time to shortlist quality and reputable loan companies. In case you’re in this process, make sure that Radiowealth Finance Company (RFC) is part of your list. RFC is one of the most reputable and longstanding loan institutions in the Philippines. Founded in 1935, the company has gone a long way from being the pioneer of appliance financing to becoming a lending institution that offers a wide range of loan products in the Philippines. Here’s everything you need to know about this online loan, so you know if it’s perfect for you. We’ve also included a quick RFC loan application guide should you decide it’s the best loan for your needs. Table of ContentsWhat is an RFC Loan?Why Should I Apply for an RFC Loan?1. Wide Range of Loans2. Easy Application Process3. Established CompanyWhat Types of Loans Can I Get from RFC?1. RFC Financing Loans2. RFC Multi-Purpose Loans3. RFC Business LoansWhat is the RFC Loan Interest Rate?How to Apply for an RFC LoanRFC Loan RequirementsRFC Loan Application StepsRFC Loan FAQs1. How will I know if my RFC loan application is approved?2. Will I have to pay an application fee?3. How will I repay my loan?4. I’m planning to renew my loan. What should I do?Final Thoughts What is an RFC Loan? An RFC loan is an online loan from the Radiowealth Finance Company (RFC)[1] that gives…

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Your Guide to Applying for a Motorcycle Loan in the Philippines

For many Filipinos, a motorcycle is an ideal mode of transportation. It’s significantly more affordable than cars, much easier to maintain, and it can navigate even the trickiest traffic jams. More importantly, it can also be a source of livelihood; a lot of motorcycle owners double as couriers or food delivery riders. Just this year, the production of motorcycles and scooters has gone up by 62%, from 209,670 units last year to 339,395 units this 2021.[1] This only shows how highly dependent on motorcycles Filipinos are. Are you planning to buy a motorcycle soon? If you haven’t saved enough or just don’t want to scoop some money from your bank account, consider getting a motorcycle loan. If this is your first time applying for such a loan, here’s a comprehensive guide to help you out. Table of ContentsWhat is a Motorcycle Loan?Why Should You Get a Motorcycle Loan?1. The Application Process is Usually Quick and Effortless2. You Won’t Have to Touch Your Savings or Emergency Fund3. You May Get a Low Interest Rate  Where to Get a Motorcycle Loan in the PhilippinesBPISecurity BankAUBRobinsons BankCity Savings BankSumisho Motor Finance CorporationWhat are the Requirements for a Motorcycle Loan?How to Apply for a Motorcycle Loan1. Know If You’re Eligible2. Collate and Double-Check Your Requirements3. File Your Application4. Wait for the ApprovalAdditional Tips When Applying for a Motorcycle Loan1. Pay the Down Payment Using Your Own Money2. Compare Your Options3. Ask Questions4. Ask Your Family and Friends For RecommendationsFinal Thoughts What is a Motorcycle Loan? A motorcycle loan is a type of loan that helps…

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Study Now, Pay Later: How to Get a Student Loan in the Philippines

About 44,000 college students[1] were expected to have stopped schooling in 2020 amid the pandemic. Most of those who might not have enrolled last year said this was due to the economic crisis since most parents have lost their jobs. This year, there’s no reason for you to be left behind because you have alternatives to explore for funding your college education. Now more than ever, student loans in the Philippines can help financially challenged families. Undergraduate students who may have been declined scholarships and grants can seek refuge from student loans to pay for tuition, gadgets, school equipment, and other costs of homeschooling like internet connection. Whether you’re a student or a parent, now is the time to take advantage of an education loan in the Philippines that can help those who are eager to continue their college education despite the financial challenges of the pandemic. Table of ContentsWhat is a Student Loan?Scholarships, Grants, and Student Loans: What’s the Difference?ScholarshipsGrantsStudent LoansWhy Should I Apply for a Student Loan?1. Cheaper Than Other Types of Loans2. No Credit Score Required3. Easy Repayment Terms4. Helps You Focus on Your Studies5. Opens a Wide Range of OpportunitiesWhere Can I Apply for a Student Loan?CHED Student Loan ProgramSSS Educational Assistance Loan ProgramGSIS Education Loan and Computer Loan ProgramsPag-IBIG Multi-Purpose LoanLANDBANK I-STUDY ProgramCiti Personal LoanBPI SIP Loan for SchoolBukas Tuition Installment PlanInvestEd Student LoanHow to Apply for a Student Loan in the Philippines1. Research on Student Loan Offers2. Compare Student Loans in the Philippines3. Ask for a Sample Computation4. Prepare Your Supporting Documents5. File Your…

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Guide to Pawning Your Car Title Through Asialink OR/CR Sangla

Expenses never end, and sometimes, you may find yourself in a bind. It’s either your business requires additional funding or one of your parents needs financial assistance for their surgery. Sourcing quick cash can be difficult, especially when you’ve already exhausted your government loans and your relatives or friends are also short on money. But if you have a car, you may consider applying for a car title loan for cash. When it comes to pawning your car title, it’s best that you rely on reputable loan companies, such as Asialink Finance Corporation. Asialink’s OR/CR loan is definitely one of the best and most practical choices in the market today. Want to find out more? Check out this comprehensive guide to the Asialink OR/CR loan. Table of ContentsWhat is Asialink OR/CR Loan?What are the Advantages of Asialink OR/CR Loan?1. Your Car Stays With You2. The Loan Program Accepts Old Car Models3. It Also Accepts a Wide Variety of Vehicles4. The Loan Has Low Interest RatesWhat are the Requirements of Asialink OR/CR Loan?How Can I Apply for an Asialink OR/CR Loan?1. Loan Consultant2. Telephone3. Online4. In PersonHow Will I Know If the Loan is Approved?Are There Other Fees or Charges to Cover?Can I Renew My Loan Even If I Have an Outstanding Balance?Final Thoughts What is Asialink OR/CR Loan? The Asialink OR/CR Loan is a type of collateral loan that requires borrowers to temporarily surrender their asset in exchange for cash.[1] In this case, the collateral is the car title (also called Official Receipt/Certificate of Registration or OR/CR). If you borrow…

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How to Get Quick Cash Through GDFI Car Title Pawning Loan

These days, you have many options for access to quick cash for your urgent needs. You can apply for a salary loan, borrow from a friend, or even sell personal items you’re not using anymore. But sometimes, you’ll need a bigger amount of money. It can be to pay for your hospital bills, for unexpected expenses at home or with your business, or to help a family member with their financial problem. If you’re a car owner, you can borrow a larger amount of money when you apply for a car title loan. One good option is the Sangla OR/CR Loan from Global Dominion Financing Incorporated (GDFI). Here’s what you need to keep in mind if you plan to apply for this car title loan. Table of ContentsWhat is GDFI Sangla OR/CR Loan?What are the Benefits of GDFI Sangla OR/CR Loan?1. Quick Approval2. Hassle-Free Application Process3. Accessible GDFI Services4. Affordable GDFI Rates 5. You Get to Keep Your Car6. Customizable Loan Products7. Suitable for People with No Credit History8. Bigger Loan Amount 9. Flexible and Convenient Payment OptionsWho is Eligible for GDFI Sangla OR/CR Loan?What are the Requirements for GDFI Sangla OR/CR Loan?How to Get a GDFI Sangla OR/CR Loan1. Fill Out The Application Form2. Wait for the Call from GDFI3. Pick Up the Loan ProceedsSome Tips Before Applying for a GDFI Car Title Loan1. Know Your Current Financial Standing2. Check Your Car3. See That Your Loan Purpose is Actually UrgentFinal Thoughts What is GDFI Sangla OR/CR Loan? GDFI Sangla OR/CR Loan is an affordable secured loan designed for Filipino vehicle owners….

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Sangla in the Philippines: What You Must Know Before Pawning Valuables

At some point in your life, you might have been in an emergency or a desperate situation where you needed instant cash. Instant cash, in this context, means money that you’ll be able to pull out of somewhere without filling out mountains of application forms or getting the approval of your employer. While salary loans are fast, they’re not quick enough. So, in such cases, your best bet is a pawnshop. Filipinos have come to view pawnshops as a reliable best friend who is always ready to lend help. Proof of this is the number of people who have gone to pawnshops during the pandemic.[1] While you may already know how a pawn loan works, you may still have no idea about its breadth and scope. Treat this guide as your refresher with additional information and some tips that will help you make a sound decision should you need to apply for a pawn loan. Table of ContentsHow Does a Pawn Loan Work?Can I Sell My Item to the Pawnshop?What Can You Pawn in the Philippines?JewelryCar Title or OR/CRLand TitleLuxury ItemsGadgetsAppliancesArtworkWhat are the Advantages of a Pawn Loan?1. Instant Access to Cash2. Easy and Fast Pawning Process3. No Credit Checks4. No Effect on Credit History5. Safe Transactions with Licensed PawnshopsWhat are the Disadvantages of a Pawn Loan?1. High Pawn Loan Interest Rates2. Low Appraisal3. Risk of Losing or Damaging Pawned Item4. Risk of Getting ScammedHow Do You Pawn Something?How Long Can You Pawn Something?What Happens If You Don’t Pay Your Pawn Loan?Final Thoughts How Does a Pawn Loan Work? A…

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Best Wedding Loans in the Philippines for Your Dream Wedding

Weddings can get notoriously expensive, and the things you need to pay for can be a lot to keep up with. If you’re not careful, you could end up overspending, or worse, neck-deep in debt.  Ideally, you should have enough money saved up that can cover the cost of your entire wedding. But if you’re nowhere near your wedding savings goal and want to get married as soon as possible, don’t panic. Consider getting a loan for a wedding.  In this article, find out how to get a loan for a wedding, its pros and cons, and where you can find the best wedding loan rates.  Table of ContentsWhat is a Wedding Loan?Why Should You Consider Getting a Loan for a Wedding?You Can’t Pay for Your Wedding Suppliers UpfrontYou Want a More Structured or Flexible Repayment PlanYou Don’t Want to Borrow Money from Family Members You Don’t Want to Get Stressed on Your Big DayYou Want an Easy and Convenient Option What are the Risks of Using a Loan for a Wedding?You Can Take On Too Much Debt You May Have to Put Your Life Plans on Hold Paying Off Debts is Not the Most Romantic Way to Start Your Married LifeHow Much Should You Loan for a Wedding?What Features Should You Look for in a Wedding Loan?Low Interest Rate Loan Repayment PeriodLow Fees and ChargesBest Wedding Loans in the Philippines📌Citi Personal Loan📌EasyRFC Multi-Purpose Loan📌GDFI Personal Loan📌SB Finance Car4CashFinal Thoughts What is a Wedding Loan? A wedding loan is simply a type of personal loan for financing a wedding. You can use it to pay…

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SB Finance Car4Cash Guide: How to Get a Loan Using Your Car’s OR/CR

There will be a few instances in your life when you’ll need a great amount of cash immediately. You may be planning to renovate your home, fund your child’s education, or start a business. You may be also dealing with emergency expenses, such as a family member’s hospitalization. In such situations, you may find yourself going to a jewelry pawnshop. But such places, however, can only offer so much. If you have a car, why not get a loan using your OR/CR? When it comes to that, SB Finance Car4Cash is one of the best options that you can go for. Below are some of the important things you need to know about this car title loan and how it can help you with your situation. Table of ContentsWhat is SB Finance Car4Cash?What are the Benefits of Car4Cash?High Loanable AmountFlexible Loan TermWide Range of Accepted CarsNo Need to Surrender Your CarLow Interest RatesLow Processing FeeWhat are the Rates of SB Finance Car Title Loan?Who Should Avail of SB Finance Car4Cash?General QualificationsQualifications for Employed ApplicantsQualifications for Self-Employed ApplicantsWhat Cars are Accepted for the Car4Cash Loan?What are the SB Finance Car4Cash Requirements?General Documentary RequirementsAdditional Documentary Requirements for Employed ApplicantsAdditional Documentary Requirements for Self-Employed ApplicantsHow to Get an SB Finance Car Title Loan1. Check Your Eligibility Criteria2. Submit Your Application3. Wait for the Confirmation4. Have the Car Appraised5. Wait for the Release of CashSB Finance Car4Cash Fees and ChargesHow to Pay Back the Car4Cash LoanFinal Thoughts What is SB Finance Car4Cash? Car4Cash is an unsecured loan from SB Finance, a partnership between Security…

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OR/CR Sangla Guide: All About Car Pawning in the Philippines

These days, there are countless choices of loans and financial services that offer quick cash to those who need it. Some use their credit cards as a cash substitute while others go for salary loans. However, these options can only offer so much, and they may not be the best routes in case you need a large amount of cash. If you own a car, you may consider a car collateral loan in the Philippines. In this guide, we’ll share with you all the important things you need to know about this particular type of loan. Table of ContentsWhat is a Car Collateral Loan?How Does a Car Title Loan Work?What are the Advantages of a Car Collateral Loan?1. Get Cash Instantly2. Application Processing is Usually Fast3. Credit History is Not Required4. Your Car Doesn’t Have to be Surrendered5. Some Companies Accept Different Kinds of VehiclesWhat are the Disadvantages of Car Collateral Loan?1. You Might Need to Surrender the Car2. Interest Rates Can Be Pretty High3. There’s a Risk of Low AppraisalWhere Can I Get a Car Collateral Loan in the Philippines?SB Finance Car4CashAsialink Collateral LoansGDFI Car Collateral LoanMaybank Auto Loan RefinancingTips to Remember When Applying for a Car Collateral Loan1. Check the Lender’s Credentials2. Make Sure Your Car is in Good Condition3. Check If You Can Pay the Loan Off QuicklyFinal Thoughts What is a Car Collateral Loan? A car collateral loan, also known as OR/CR sangla or car title loan, is usually a secured loan,[1] which means that you’ll need to put something as collateral before you can borrow…

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All You Need to Know About Buy Now, Pay Later Installment Loans in the Philippines

The significance of online shopping in the Philippines[1] has been emphasized now more than ever due to the COVID-19 pandemic. To reduce their odds of getting exposed to the coronavirus, Filipinos are turning to the likes of Lazada and Shopee to shop for their needs and wants. Credit cards, online wallets, and cash on delivery (COD) are among the most preferred payment methods for online transactions. However, Buy Now, Pay Later is becoming a popular and practical option these days. If you’re using conventional payment methods, you may be wondering what Buy Now, Pay Later in the Philippines is. Here are some of the things you may want to know. Table of ContentsWhat Does Buy Now, Pay Later Mean?How Buy Now, Pay Later WorksWhat are the Advantages of Buy Now, Pay Later in the Philippines?1. Flexible Installment Plans2. 0% Interest Installments on Buy Now, Pay Later Plans3. Ability to Make Urgent Purchases4. Can be Used for Offline PurchasesWhat are the Disadvantages of BNPL Installment Solutions?1. The Urge to Make Impulse Purchases2. The Temptation to Create Multiple BNPL Accounts3. BNPL Loans with Interest Charges4. Late Payment Fees and Other Transaction FeesBuy Now, Pay Later in the Philippines: 9 Options for Online ShoppersTendoPayLazada LoansGrab PayLaterUnaPayBillEaseCashalo Shop Now and Pay LaterCLiQQ LoansShopee SPayLaterpera247How Should I Pay the Installment Loan?Final Thoughts What Does Buy Now, Pay Later Mean? Buy Now, Pay Later or BNPL is an installment loan that allows shoppers to delay the payment of any transaction or purchase done online. Through this payment option, you can buy something right away even if…

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COVID-19 Business Recovery and Continuity Guide for Filipino Entrepreneurs

Micro, small, and medium enterprises (MSMEs) are among the hardest-hit sectors during the COVID-19 pandemic. It’s literally a chain of unfortunate events, from temporary shutdowns and mass layoffs to depleting cash reserves. MSMEs that provide essential services and commodities operate as usual, even with a reduced workforce and work hours. However, MSMEs in other industries continue to be affected by the pandemic. The negative implications keep growing. Business continuity and recovery plans also keep changing.  What should Filipino entrepreneurs do to keep their businesses afloat in these difficult times? From cost-cutting measures to MSME loans in the Philippines, here are some ways to get your business back on track during and after the COVID-19 pandemic (and any crisis in the future). Table of ContentsMSME Loans and Other Ways to Save Your Business from a Pandemic1. Find Ways to Cut Costs2. Negotiate Your Debts and Payments3. Secure Funding Through MSME Loans4. Join Online Forums for SMEs5. Shift to Digital Operations6. Nurture Existing Customer Relationships7. Consider What Your Employees Need 8. Be Prepared to Make Tough Decisions 9. Connect with Fellow Filipino Entrepreneurs 10. Stay Updated with the Community Quarantine GuidelinesOther MSME Loans in the Philippines to Consider 1. Security Bank SME Business Express Loan 2. Citi Personal Loan3. Radiowealth Finance (RFC) Loan Final ThoughtsCompare Other Personal Loans MSME Loans and Other Ways to Save Your Business from a Pandemic 1. Find Ways to Cut Costs How has the pandemic affected your business? Do a financial check-up to find out the real extent of the damage. This way, you can also develop a proper recovery plan….

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Need Cash? Check These Options for Easy Loan Application in the Philippines

More often than not, getting a loan is a very meticulous process. But there are easy to apply for loans in the Philippines with easy requirements and quick loan approval processes.  If you’re currently shopping for a loan, here are some lenders in the Philippines with easy loan applications.  Table of ContentsEasy to Apply for Loans in the Philippines1. CIMB Bank Personal Loan 2. ACOM Revomax Personal Loan3. RFC Loan 4. Citi Personal Loan 5. Tala Online Cash Loan6. SB Finance Personal Loan Some Things to Consider Before Getting a Loan1. Determine the Kind of Loan You Need2. Consider Your Debt-to-Income Ratio3. Choose the Shortest Loan Term, If Possible4. Apply for a Realistic Loan Amount5. Improve Your Credit Score 6. Shop Around and Compare Fees 7. Get Your Paperwork Ready 8. Consider the Fees and Charges 9. Don’t Apply for Too Many Loans 10. Never Skip Payments Final Thoughts Easy to Apply for Loans in the Philippines Whether you’re looking for a loan with fewer requirements, a faster approval process, bigger loanable amounts, or longer repayment periods, here are some loans you can easily apply for. 1. CIMB Bank Personal Loan  Are you looking for an easy loan you can apply for online? CIMB Bank[1] offers an all-digital loan application that you can finish in minutes. Just download and log in to the CIMB Bank mobile app.  📌 Key Features Loanable amount: PHP 30,000 to PHP 1,000,000 Interest rate: 1.12% to 1.95% per month Loan tenure: 12 to 60 months Processing time: 10 minutes via the CIMB Bank mobile app  🧑 Who Can Apply for a CIMB Loan? 21 years…

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