Emergency loans in the Philippines

Sometimes financial problems arise suddenly. An emergency loan bank account will solve them. This may be health problems, other unforeseen expenses. People not always have their own funds for purchases. The solution is to apply for a quick loan. Funds are transferred on the same day.

It is important to remember the nuances. You will need to fulfill certain requirements in order to receive money. They concern age, citizenship. But it is easier to get a loan in the company BDO or BPI than in a regular bank. Since the requirements to borrowers are minimal.

The advantages of emergency loan bank account

Such products have several advantages over ordinary bank loans. The main are:

• the likelihood of approval is 95%;
• a credit history doesn’t matter;
• minimum of documents;
• permanent job is not required.

To draw up a loan in ordinary banks is quite difficult. In addition to standard requirements, there are additional. For example, this is a permanent income. It must be confirmed documented.

Where it is better to take a loan

Emergency cash loan is not difficult to get in just 1 hour. It’s harder to choose a company to apply for. The most convenient and advantageous are the following:

BDO

The company has been operating in the lending market for several years. It has established itself as a reliable partner. It offers many products of a targeted nature (purchase of car, housing). Terms of provision:

• the minimum amount is up to 10000 PHP for an unsecured loan;
• term: 6, 12, 18, 24, 36 months.

For getting a loan there is no need to leave home. The application is filled through the Internet. On the official website of BDO. Money can be received on the same day.

Pag-IBIG Fund

Pag-IBIG offers amounts in debt for the purchase of housing, cars. It is also possible to get an emergency loans with no job, without income certificates. Conditions:

• the minimum amount – from 15 000 PHP;
• term is set individually.

There is a limit on the maximum age. Borrower should not be more than 60 years. Regular customers are given discounts on service.

BPI

The company offers products for amounts from 20 000 to 100 000 PHP. To get the money you will need a nominal bank card. In the absence of this card an open account in the name of the borrower is required. Term, months: 12; 18; 24; 30; 36. The company is characterized by low rates. In each case the overpayment is individual. Calculated specifically for the customer.

 

Metrobank

There is a calculator on the official website. It allows you to calculate the amount of payment, overpayment. The amount from 25 000 PHP is provided. The term is discussed individually and varies from 3 to 36 months. Emergency loans for bad credit can be issued in a couple of minutes. Just fill out the application. The website has a calculator. Using it, it’s easy to do the calculation yourself.

 

Security Bank

You can apply online. The mobile phone is enough for the conclusion of the contract. Conditions:

• minimum amount, PHP – 30 000;
• maximum amount, PHP – 1 000 000;
• term, months – not more than 36.

The term of consideration is from 5 to 7 days. Funds are provided for travel, car purchase. Loans may be of a non-earmarked nature. No document requirements.

 

PSBank

The company provides products in the amount of 20 000 to 250 000 PHP. It’s possible to draw up a target loan. There are products with collateral. Loan term – from 24 to 36 months. For regular customers there is a discount program. If funds were previously issued in debt, and it was successfully repaid without delay, then the next time the discount for it will be from 1.75 to 2.5%. Age requirements are set – not less than 22 and not more than 54 years.

RCBC

It differs in the minimum requirements to the client. Citizenship of the Philippines or the United States is required. Nominal bank card, the account will be used for crediting funds. The application is easily submitted via the Internet. On the official RCBC website. Emergency loans cash in one hour is issued to everyone. It is enough to specify your passport data, the method of receipt. The amount:

• minimum – from 15 000 PHP;
• maximum – to 100 000 PHP.

It is necessary to note the requirements for credit history. If a loan was previously drawn up in this institution and was not repaid, then getting the money is problematic. It is necessary to pay existing debts.

SSS

The company SSS offers profitable products. The minimum amount is 5000 PHP. You can draw up both a regular loan and a quick one. In the first case, the maximum term is 24 months. When receiving a quick loan – from 1 month to 12. It is important to remember that on microloans the amount of overpayment will be great. The rate is up to 2-3% per day. An individual offer is formed for each application.

Pera 247

It offers amounts from 2 500 to 15 000 PHP. The loan term is relatively small – from 10 to 90 days. It is necessary to specify personal data in the application, enter the phone number. After confirmation, the funds will be transferred immediately – to a bank card. Easy approval guaranteed. No positive credit history is required. The probability of issuing money is 95% – even with overdue liabilities in other companies.

Requirements to borrowers when drawing up urgent loans

Requirements to customers when drawing up a quick loan differ. But it’s possible to highlight a list of standard, typical for all companies:

• citizenship of the Philippines (for some organizations the US passport is sufficient);
• age – not less than 22 years and not more than 60 (in some the range is wider – from 18 to 75 years);
• availability of a mobile phone, personal bank card.

There are usually no requirements for credit history. It’s easy to understand how to get an emergency loan instantly. It is enough to fill out an application on the official website.

How to make an application for an emergency loan approved

Specify genuine information in the application. Otherwise, if during the consideration false data are revealed, the creditor blacklists the client. Which implies the complete impossibility of obtaining a loan. Application verification is performed automatically, using scoring programs.

Conditions for obtaining a loan

There are a number of conditions for receiving money:

• presence of personal bank account or nominal card;
• the ability to repay the debt in a timely manner, in accordance with the schedule.

In other respects, the requirements of companies issuing money urgently may differ. But in most cases there are no difficulties. Basic requirements must be met.

How to return

Debt repayment is possible in the following ways:

• through the cashier of any bank (e.g. Landbank, UnionBank and others working in the Philippines);
• using money transfer system Western Union;
• through other electronic payment systems.

Drawing up an emergency loan is a simple process. Only a passport and mobile phone are required. You can choose the method of receiving by yourself.

(2 votes, average: 5.00 out of 5)

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