Lending Money

        Lending Money

Every time you borrow money from a cash lending company, there are certain requirements that you must meet. Granted, many online lending money companies don't have extremely stringent rules like many banks do but that doesn't mean that they will hand out loans without some kind of due diligence on their part.

₱25,000
Loan amount ₱1,000 - ₱25,000
Interest 0 %
Maturity 3 hanggang 12 buwan
₱20,000
Loan amount ₱1,000 - ₱20,000
Interest 11.9 %
Maturity 14 - 28 days
₱15,000
Loan amount ₱1,000 - ₱15,000
Interest 30 %
Maturity 91 - 2 years
₱30,000
Loan amount ₱5,000 - ₱30,000
Interest 0.8 %
Maturity 28 days
₱50,000
Loan amount ₱5,000 - ₱50,000
Interest 30 %
Maturity 30 - 365 days
₱100,000
Loan amount ₱10,000 - ₱100,000
Interest 0.5 %
Maturity 180 - 365 days
₱15,000
Loan amount ₱2,000 - ₱15,000
Interest 20 %
Maturity 7 - 90 days
₱50,000
Loan amount ₱1,000 - ₱50,000
Interest 2 %
Maturity 1 araw hanggang 12 buwan
₱25,000
Loan amount ₱1,000 - ₱25,000
Interest 0 %
Maturity 61 hanggang 120 araw
₱25,000
Loan amount ₱1,000 - ₱25,000
Interest 0 %
Maturity 61 hanggang 120 araw
₱25,000
Loan amount ₱1,000 - ₱25,000
Interest 0 %
Maturity 61 hanggang 120 araw
₱25,000
Loan amount ₱1,000 - ₱25,000
Interest 0 %
Maturity 61 hanggang 180 araw
₱20,000
Loan amount ₱1,000 - ₱20,000
Interest 0 %
Maturity 7 hanggang 31 araw

        Lending Money

The good thing though is that these requirements can be met by pretty much anyone provided they find the right short-term loan company and enter the specified data in the correct manner.

Requirements Set Forth by Cash Lending Companies

Every cash lending company has its own set of requirements but there are some that are standard across the board. These include:

There are other companies that will need some kind of proof of income but not necessarily a payslip if the company lends to the unemployed. Even then, however, you will be required to prove to the company that you can repay the loan. 

How to Ensure Your Loan Application is Approved?

About 80 - 90% of everyone who applies for a loan with most online cash lending companies get approved. That still leaves a 10 -20% chance that your application will be denied. So what can you do to ensure that your loan application gets approved? Here are some steps that you can follow:

Keep in mind that every lender is different and while some may ask for a payslip or proof of income, there are those that will require you to provide some sort of security for the loan you need. Mostly these are things of great value such as your car, land title deeds and other personal properties that out-value the loan you want. 

Remember that if you choose a provider who needs this kind of collateral, you stand to lose whatever it is you put up should you fail to pay back the money given. Many lenders consider three missed payments as a defaulted loan and will begin the process of auctioning your property without notice to you.


Lending Money rating: 4.5/5 from 792 votes.
 

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