So you need quick cash but don't know if you qualify for personal salary loan in
the Philippines. We'll give you a tip or two using this article to help you process your loan as fast as possible.
So here is the perfect guide for Pinoys and we'd like to include our family's list of popular and not so popular sources for instant loan for your needs.
Note that it could be from banks to private lending companies out there so you can compare and arrive at the lowest interest rate possible that you can avail while applying for a loan and getting free assistance from a qualified professional Pinoy loan agent or broker.
Allow me to give you first an introduction and basic definition of this type of non collateral loan so that at the end of reading our tips and guides, you may be able to come up with a better idea, that which will definitely help you with your need for fast loan without any collateral.
First off, I'd like you all to know that there are now quite a few other names Filipinos call salary loan so to know if you qualify, you have to fully understand certain requirements too while realizing that it doesn't necessarily mean that if you receive a salary and have a regular job, you automatically qualify to become a borrower.
Learning the different colloquial names Pinoys call salary loan is an issue worth understanding. Being a qualified professional loan consultant in the Philippines for more than 3 years now, I know and have experienced how people come to make such simple mistakes calling the right loan for the wrong name.
Although they all fall under the same category if you are to ask me, still, there are quite a few differences and variations to these types of credit offers in the Philippines in terms of requirements and pre-qualifying requisites.
Furthermore, not all banks or private financing firms offer the same set of loans. Their respective loan regulations and policies also differ. Knowing them with the use of our tips here at MyPilipinas.Com will definitely give you the edge. This way, you won't waste precious time trying to inquire. You can also outright know if you can qualify or not.
Some of them fall under documentary needs while some would include issues with salary bracket, if you live in your own house or if you are a regular employee or not. Putting them all in one list, we have pinpointed each popular term Pinoys call it today.
There are literally so many providers that offer salary loan in the country. The problem alone of finding the right one is hard for most. Like for example - loan for call center agents / customer service representatives / contact center agents. These people were one of the most neglected employees and from my knowledge to loan offers, lending companies, even banks avoid giving workers in this field the chance to file for a loan. For whatever reason they have, I don't really know.
My hunch is, being employed in the industry, workers are the most prone to security of job, meaning, they are one of the most unstable employment industries even if they consist majority of the workforce employment in the Philippines today being a destination for business process outsourcing and offshore related jobs.
Ok, the list below is just based from our own online research. If you want to find out more, please feel free to search online. On the other hand, we promise to grow this list as we go along each year.
Bank's best business is not through your deposits or accounts. This year 2014, has shown emergence of activity for many banks to offer lending as part of their business solutions to customers. See our list below.
It's a wild world out there for most Philippines business by lending companies but nevertheless, here is our list.
Frankly, as a top loan consultant for different and most of the listed lending companies above including banks for more than 3 years now, there is one secret to getting a salary loan application approved fast.
I will list down all the factors affecting your approval rate. You better understand them all or else, you'll absolutely be declined.
In the first place, never apply to any lending company be it private or bank if you don't know that you can qualify. Take a pre qualification test or initial interview with a qualified professional loan broker before anything else. You can read this post for relevant tips.
"IT'S ALL ABOUT COMMUNICATION AND PRE-QUALIFYING"