How Personal Loans Can Keep You Out Of Trouble

Defining a Personal Loan

If you need money on the dot to settle all your expenses or other payables, then the best way to get money right away is to get a personal loan. Ano nga ba ang itong personal loan? Ang personal loans ay loan na walang collateral. Kapag kumuha ka ng personal loan, hindi mo na kailangan ibigay ng mga asset mo sa lender. Ang isa pang tawag sa personal loan ay unsecured loan.

How These Loans Can Help You?


    • It is a no collateral loan


When you apply for a bank loan, you are usually requested to put a collateral in case you cannot pay the amount. Kaso lang, paano kapag wala kang assets na puwedeng gawing     collateral? Kapag wala kang kotse, o property, o kahit man alahas, hindi ka na pwede      kumuha ng loan. Pero sa personal loan, hindi mo kailangan ng collateral. Kapag wala kang assets at kailangan mo ng pera kaagad, puwede ka pa rin kumuha ng personal loan.


  • They help you budget your money

Kapag meron kang personal loan, fixed na ang amount na babayaran mo per month. Hindi    ito katulad ng ibang loan na may kasamang iba’t ibang interest rate. The amount you pay per month is already standard.

    • They offer fixed interest rates


Kapag meron kang personal loan, fixed na rin ang interest rate. You do not need to worry       about the interest rate changing if you pay your debt beyond a certain period. Since fixed na ang interest rate, mas madali magbudget ng pera.

    • The money can be given right away


Kapag kailangan mo ng pera kaagad, ang personal loan talaga ang makakatulong sayo.    Hindi ito katulad ng mga ibang loan na kailangan ng mahabang processing pa. More often than not, you can get your money within 24 hours. Hindi na rin kailangan ng madaming documentation dahil ang personal loan ay hindi secured. Kaya hindi naman kailangan ng  madaming documents para sa process


    • You decide how long you need to take to repay the loan


Unlike other types of loans na fixed na ang length ng borrowing period, ang personal loan ay flexible. The period of time is decided by you. Kapag nahihirapan ka sa pera, pwede mo pa habaan ang borrowing period mo.


    • You can get more money on personal loans than from credit card financing.


Unlike credit card financing wherein the lending of money is strict, hindi ganito sa personal loan. Kapag personal loan ang nakuha mo, pwede kang makakuha ng mas madaming pera kaysa sa credit card financing. Kaso, ang amount na pwede mo makuha ay based pa rin sa iyong credit rating. Kailangan mo ng magandang credit rating para makahiram ng mas malaking amount.


Malaking tulong ang personal loan so mga taong kailangan ng pera kaagad pero hindi makakakuha ng loan na galing sa malalaking loan companies at mga banko. Kapag wala kang assets na puwede pang collateral, personal loan ka nalang. Kapag kailangan mo ng pera agad, personal loan ang bagay sa’yo. Kapag hindi gaano ka ganda ang iyong credit rating pero kailangan mo pa rin ng loan, personal loan parin ang sagot.


About the Author:


Kash Martinez

understands the intrinsic attributes of making excellent content that suits the needs of every business especially when it comes online financing. She can conceptualize and implement marketing plans, explores profitable B2B opportunities and then absorb Loan services. You can Visit Us for more information.


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