"Personal Loan Philippines There are many kinds of loans available in the Philippines, and in that long list, almost all credit providers offer personal loans to their clientele. It is a multipurpose loan that can be used in financing education, medical emergencies and even travels or purchasing some basic needs. It is a form of cash advance payable in terms of as short as six months to as long as thirty six months. http://www.compareking.ph/personal-loans/looking-personal-loan-philippines-read-compareking-ph/"

1. Looking for Personal Loan Philippines? by CompareKing PH
Personal Loan Philippines
There are many kinds of loans available in the Philippines, and in that long list,
almost all credit providers offer personal loans to their clientele. It is a
multipurpose loan that can be used in financing education, medical
emergencies and even travels or purchasing some basic needs. It is a form of
cash advance payable in terms of as short as six months to as long as thirty six
months.

2. Secured an unsecured personal loan Philippines
A personal loan is categorized into two types namely; secured personal loan
and unsecured personal loan. The difference between the two is with secured
personal loan, you need to own a car, house or even a land title and use these
as collateral to obtain a loan. Although there is a higher risk of forfeiting your
collateral to the lender, the interest rate is much lower.

3. Unsecured personal loan is the popular type of personal loan and known also
as payday loan, cash loan or salary loan. The other loan provider also has their
own names like EZ loan, Extra Credit and others. Unlike a secured personal
loan, it is non-collateral loan and the approval of loans is based through one’s
credit history or income. This is very prominent with credit card holder and their
credit history is the standard basis. Salary or payday loans are based on
annual income and an ATM card is a prerequisite item.

4. Requirements personal loan Philippines
Self – employees can avail a loan if their business is profitable for the last 2
years and has been in operation for 2 to 5 years. Overseas workers with fixed
income can benefit from their peso or dollar account and used it to get a
personal loan.

5. Banks or credit providers require documents in securing a personal loan and
each has its own list of requirements. But the standard requirements are
certificate of employment, 2 valid IDs, Income Tax Return, utility and credit card
billings for employed applicants. A self-employed applicant needs to submit
bank statements, business papers, financial documents and credit card and
utility billing in order to apply for a personal loan Philippines.

6. CompareKing PH News/Blogs “http://www.compareking.ph/creditcards/pick-credit-card-philippines-compareking/”. How to Pick a Credit
Card Philippines by CompareKing PH. December 7, 2013. CompareKing
PH.