Personal loans offer a good solution to meet emergency financial needs. You can use the cash to fund tuition fees, afford a new appliance or renovate a part of your home. Most lenders wouldn’t really care about why you need the money but how you would be able to repay it. A good credit standing can increase your chances of getting the loan approved, so before even trying to apply for it, make sure your income allows you to make the monthly repayment.Personal loan in Visayas is the same as how it works with the rest of the country. The region also has a good number of banks and legit financial companies that offer personal loans.
WHO CAN GET A LOAN?
Most personal loans are designed for regular employees who have reached certain tenure in a company. Lenders will see if you have a steady stream of income, so they prefer that you have been working with the company at a particular number of years. They also prefer if borrowers are permanent residents of their address. A minimum monthly income is also required. Filipinos 21 years old and above can apply for a loan.
WHAT ARE THE DOCUMENTS TO PREPARE?
The requirements to be submitted include a latest certificate of employment, latest pay slip, company ID, government-issued IDs and copy of Income Tax Return. If you want the lender to easily establish your credibility as borrower, you can provide them with credit card and/or bank statement of account if it possible.
DO IT THE SMART WAY
Take advantage of the Internet when applying for loans starting from searching for the best offers. Compare interest rates, read reviews and apply online for your convenience. Better yet, allowLoansolutions.ph to help you. No, Loansolutions is not a lending company, but we are more than that. We are connected with major banks and legit finance companies that offer loans. You only need to submit a loan application form through our site and we can match you with the right lender. This means you don’t have to go through the process of submitting application at various lenders one by one. We will be the one to check if you meet the lenders’ criteria.
Loansolutions PH is the link that connects borrowers with the right loan product. With our advanced system, you will be “pre-qualified” using the information you provide. You can be certain that an accurate matching is done because our system uses advanced algorithm. Once the matches are found, you can compare the offers and choose the one you think is most attractive. In case no match is found, we will still show you your options and not keep you hanging.