Online loans to a bank card in Taguig city: how to apply, what are lending companies and what is the procedure for issuing personal loan
Lending salary loan companies are an important part of the overall Philippine credit system. They satisfy the demand for loan products of individuals who, due to objective reasons, cannot use the services of loan portfolios of the banking sector, for example:
- Large administrative costs when obtaining a loan from a bank (insurance, a one-time bank interest for taking).
- Lack of credit history of the borrower.
- Lack of liquid collateral for the loan.
- Territorial remoteness from the bank.
Also in 2022, dynamic development began in the field of small business microcredit for LLCs and entepreneurs, which also appreciated the benefits of lending to salary lending companies.
Businesses always need short-term lending, and given the level of development of lending companies and a significant reduction in interest rates, the presence of a regulator, this service is becoming more and more popular for small businesses. As a result, many people have a question - how to apply for a loan online on a bank card using this tool?
Given the continuous digitalization of all sectors of the economy, the most convenient option for businesses to obtain a loan in 2022 is online loans to a bank card.
Internet loans on a bank card as a new stage in the development of personal loan
Microfinance credit organizations began their active growth in 2011 and at the initial stage of their development, the amount of loans was no more than 4,000 PHP for a period of up to 2 weeks, while the loan amount was issued exclusively in cash at the branch of the credit organization.
After the emergence of more and more new lending companies, healthy competition began between them, increasing the amounts and terms of loan products.
The next step was the development of online platforms - sites to provide customers with convenient tools for taking online loans on a bank card. It was beneficial to all parties: for the client, this is a single place for making applications, tracking the history of previous applications for loans, the ability to pay online from the office, for money lending companies, this is a register of all borrowers with the possibility of offering them profitable offers and promotions in the future.
The next stage, which continues in 2022, was the transition of lending companies to applications for phones on Android and IOS, for even simpler and more convenient taking online loans to the card. It is also convenient for the client in that all notifications can be immediately seen and not missed information about promotions and special offers, and the very convenience of using applications, unlike the site, is much superior.
How to get a loan on a card online: a step-by-step guide
In order to apply for a loan from a phone or from a website, you need to step by step do the following:
- Form an application for a loan, indicate the full name, number and series of the passport, the amount and repayment period for the loan.
- Submit your application for review, which may take 5-10 minutes.
- After approval, go through verification.
- Link the card in your personal account.
- Get the loan amount on the card online.
What to do if it is not possible to apply for onlinesalary loan on a card, the reasons for the refusal of the lending companies when taking a loan by the borrower
If it is not possible to place an application, or you trust the registration in the branch with a credit consultant in the old fashioned way, then you need to visit the offline branch and complete everything with a consultant live.
Reasons for refusal and non-issuance of a loan can be as follows:
- The application was incorrectly filed.
- False data on full name, passport or phone number are indicated.
- You have outstanding loans at the time of taking a new loan from this lending company.
- You are under 18 years old.
- You are not a resident of the Philippines.
Our site will help you determine the most suitable offers, taking into account your wishes and possibilities, for this, use the filters in the catalog of loan products, as well as compare offers in all respects.
Dolojan Enterprises 6E, Cluster C, Garden Villas, Mckinley Hills, Western Bicutan, Taguig City, Metro Manila
Citytrust Finance Corporation Net One Center, 26Th Street, Taguig City, Metro Manila
Everfirst Loans Corporation Mrh Building, 1 Gen Santos Avenue, Taguig City, Metro Manila
Wf Plaza Building Administration, Incorporated Intellectual Property Center, Upper Mckinley Road, Taguig City, Metro Manila