If you want to avail of a cash loan in the Philippines, you might want to have a basic understanding of how the cash loan costs and repayments are calculated. We understand that many people who need a cash loan, need it NOW, and don’t have time to research how it works in detail. But if you are not in a rush, this article is for you.
The Informal Salary Loan and the “Prenda”.
The Filipino Teachers Vicious Problem.
Contracting loans is one of the most inevitable occurrences that will happen to a teacher in the Philippines. A teacher jumping into debt such as one linked to his/ her salary to guarantee repayment is as common as the elementary school itself, that can be found in every barangay of the country.
How to Apply for a Cash Loan?
To apply and be approved for a cash loan here in the Philippines you will need to have the following qualifications:
The Requirements for a Cash Loan
Most of the private lending companies need a few requirements for them to verify that you are really eligible for a cash loan and of course that you have the ability to pay them back the amount you will agree to.