Knowledgebase

Got questions about Loansolutions.ph? you're in the right place!

Should I borrow from a bank or private lending?

It depends on which has more weight to you. Is it low interest or less requirements?

If low interest is what you prefer, we suggest you apply for a loan with a bank. Banks interest rates do not go beyond 1.6% per month whereas private lending companies charge as much as 5% per month.

However, banks require more documents which you may not have on hand and will take longer processing time compared to a private lender. So it’s entirely up to what is suitable for you at your current need.

If you can’t decide, let our loan advisers help you. Start by filling out the loan application form so we can connect you with a loan adviser who can assist you.