Money Matters

All about money and money only

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BPI Personal Loan - Check Eligibility, Requirements & Interest Rates

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https://www.bankbazaar.ph/bdo-personal-loan.html - BDO Personal Loan - Check Features, Eligibility, Requirements.

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Housing Loan In Philippines. Compare loans @ https://www.bankbazaar.ph/housing-loan.html

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Paying taxes is a yearly ritual for most Filipinos. This a long process and people have to ensure that they pay and file their taxes before the deadline. For more information Check Out @ https://blog.bankbazaar.ph/benefits-of-using-credit-card-for-paying-taxes/

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Know About Personal Loan in Philippines

Life is such that every so often there comes a time when an urgent need of funds is felt. At such times we often turn to our near and dear ones, friends and other people we trust to empathize with us. These are informal sources of funds and almost always come with baggage such as emotions and relationships. With awareness and education people would also do well to avoid loan sharks.

As seen in the recent years in the Philippines, people have been increasingly turning to reputed financial institutions for such needs. One of the easiest and quickest sources of funds can be personal loans. Compared to other kinds of loans such as  home loans or loans paid on collateral people need to furnish lesser documents for application of personal loans which are generally not collateralized or secured. With norms that are less strict than other loans, money is made available to the applicant faster and easier. The fact that personal loans can be applied to fulfill almost any need makes it a very viable option for funds in case of emergencies.

Interest rates on personal loans in the Philippines can vary based on many factors. Some of the most common factors taken into consideration when fixing rates are as follows:

In general borrowers from small towns, places with lesser cash flows and questionable law and order situations are seen as more risky than people from more secure localities.

Borrowers with better credit histories stand a higher chance of getting better rates and lower processing fees over borrowers who have defaulted in the past making maintaining a good credit history very important for future transactions too.

Credit history of the loan guarantor is also judged and ones with better credit history records are preferred.

Credit records maintained by organizations like Credit Information Corporation help lenders with the credit histories of the borrowers being assessed. Borrowers can also check their own credit history from many of these organizations to keep abreast with their data.

Borrowers working in reputable or high paying jobs stand higher chances of getting funds than the unemployed or people with irregular income.

Owning property, being married, having longer employment records will give an assessed borrower better chances.

In general borrowers from small towns, places with lesser cash flows and questionable law and order situations are seen as more risky than people from more secure localities.

Borrowers with better credit histories stand a higher chance of getting better rates and lower processing fees over borrowers who have defaulted in the past making maintaining a good credit history very important for future transactions too.

Credit history of the loan guarantor is also judged and ones with better credit history records are preferred.

Credit records maintained by organizations like Credit Information Corporation help lenders with the credit histories of the borrowers being assessed. Borrowers can also check their own credit history from many of these organizations to keep abreast with their data.

Borrowers working in reputable or high paying jobs stand higher chances of getting funds than the unemployed or people with irregular income.

Owning property, being married, having longer employment records will give an assessed borrower better chances.

Personal loans may be used to satisfy a wide range of wishes or needs such as immediate funds for travel, meeting big expenses like tuitions, weddings, buying property, paying for medical emergencies etc. They are often used for debt consolidation by closing smaller and diverse loans and bringing most of the debt under a single loan. Such personal loans give the borrower the ease of paying out a single loan, many payment options with varied choices of repayment periods and flexible planning for repayment. These options make personal loans attractive even when their rates can be higher than other loans.

With a history of borrowing and punctual loan repayment one usually can become eligible for bigger amounts and easier loan applications. With awareness and sound financial planning personal loans could ease and facilitate one’s life goals.

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For any financially independent individual, the term ‘Bad Credit’ is a death knell. This is particularly true if the said individual is trying to get a car loan in Philippines. Banks, almost all of...

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Credit Card Insurance -  Why Does One Need A Cover

Credit cards are no longer considered a luxury, available in the hands of a few. Over the last decade or so, this form of plastic money is increasingly finding its way into our wallets, helping us in procuring various good and services, online and offline. With a plethora of cards offered by various banks and financial institutions in Philippines, the new age customer of credit cards never runs out of choices, when we talk about getting the best deals, offers and rewards.

On the sidelines, the liability is increasingly getting sensitive. Have you ever wondered a situation where you’re not able to repay the dues due to personal reasons such as illness or disability due to accident? Or your liability in case of fraudulent transactions occurring on your card? Times like these can certainly send a chill down the spine and make you ponder over this thought.

Fortunately, most of the credit card providers in the country provide cover for such situations, thereby shielding you from the unforeseen events in life. The most common insurance products available for credit cards are

Insurance for Protection against Unforeseen Events

Cover against Fraudulent Transactions

These covers come with a nominal cost , generally determined on the outstanding balance in your account. Let us looks at some of the features and benefits of the aforesaid insurance plans to help you understand how you can benefit from them.

Insurance for Protection Against Unforeseen Events

This plan pays for the credit card balance in the event of death of the cardholder, permanent disablement or in case of diagnosis of any of the listed critical illnesses.

Some plans also offer you a lump sum amount based on the outstanding balance, which will be disbursed to you or your family after adjusting the outstanding balance.

Generally, no Medical Checks are required to determine your health conditions. It can be added instantly with little paperwork.

The Premium Amount is a meagre percentage of the outstanding balance on the account/ a fixed monthly sum. Most of the cards do not charge you if there is no outstanding balance on the account.

Can be applied for either over the phone or online, over the internet.

Cover Against Fraudulent Transactions

A fixed cover is provided per card to shield you from unauthorised transactions arising out of lost or stolen card. This also holds good for fraudulent transactions occurring due to identity theft.

Nominal premium rates billed directly to your credit card account which saves you from the hassles to set reminders and pay manually.

Fraudulent transactions occurring on Supplementary cards are also covered, ensuring all round protection.

Fixed premium amount which does not fluctuate based on various inputs such as age or type of card opted for.

Dedicated round the clock customer service and easy claims process over the phone.

In addition to the above, banks may offer additional protection for your card in many forms. Do read the welcome kit or scout for information online to understand the insurance covers available. Also lookout for complimentary insurance provided on certain type of transactions such as Travel Insurance if you’re buying flight tickets with the credit card. Normally, they do not come with any additional fees of charges.

Check for insurance credit cards offered by BDO.

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Buying your first car is a big step no matter who you are. First off, you will have to find a loan with the best possible interest rate (assuming you do not have ready-cash to pay the entire amount...

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Things To Be Consider Before Taking a Personal Loan

Know What are all the things to be consider before taking up a Personal Loan in Philippines. Compare the various banks personal loan and find the right one for you that suits your financial needs

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Buying pre-owned house in Philippines

Buying a pre-owned house has its own sweet advantages like; the time to occupy the house is saved, your efforts to consider the minute details in the construction are reduced and etc.

To make sure that the pre-owned home give you the warm stay for a long term, one needs to consider some points before finalizing the home. Some of the things you can consider while buying the pre-owned house are as follows;

Check electrical works Electrical wiring is the first thing you should check. If the house was built before World War II, its wiring is most probably naked to the wire. Those built after does not guarantee better wirings so you should bring along an electrician to check the wire’s condition and capacity. Wire gauge is important. Wires were cheaper before that’s why they can use thick gauges. Gauge standards during this time were above today’s standard. If the owners used below standard wires, chances are, the rest of the house may have below standard specification. Although today’s wires are thinner compared to before, it has 20X better insulation that can last a hundred years. Check also if there are outlets available for air-conditioning. This would mean that the house is ready to accept heavy voltages. Breakers are now standards in any home, if they don’t have this, electrical installation may be primitive and you may need to upgrade. Check for electrical ground. Turn off everything in the house that can consume electricity and see if the electric meter stops. If it moves, the house has electrical ground that consumes energy and can be hazardous in the future. This should be fixed before you move in.

Check plumbing Old homes are usually a mix of old and new material. This is quite tricky but if the house is say 30 years old, chances are, it no longer use the traditional steel pipes that rusts in time. It was probably replaced by durable PVC pipes which can last several decades if properly installed. An old house with a recently gutted plumbing is better than not at all.

Check drainage Carefully examine house drains. Does water come down easily from the gutters and drains? When I flush the toilet, does it bubble up? Check the last time the septic tank was drained. While old houses generally have large drain pipes, some that weren’t built with “real” architects or engineers but was just “directed” by the owners, may not have “standards” implemented. Check the owners if they hired “professionals” to do this. Main drain pipes should not be free from rust, but should have no indication of scaling, as this could pose a major problem in the future. Unlike recent developments, old houses have exposed main pipes that easily lead to rust, worse is if the pipes are exposed outside. Consider also the general drainage of the entire street / vicinity of the area. Most areas in Manila flood easily. Roofing Traditional roofing in the Philippines uses GI sheet. Older homes such as those built before the 70s have thicker gauges. If it is maintained with paint, you need not worry. To know the roof’s condition, you can check the “kisame” and check for rusting on the opposite side of the roof. Chalking paint roof is not good, you should consider the cost of replacing it.

Foundation If the house was built before 1991, its foundation is probably stable, given that it survived one of the strongest earthquakes our country has experienced. Check for hairline cracks. If the cement part has been sealed and repainted, check obvious gap repairs if there are. Thickness of the foundation maybe an advantage but if the steel inside is below standard, it doesn’t really make much difference. Check also how deep the foundation goes. Is the soil within the area soft? This can be a problem as foundation sinks slowly in time. Survey the area for towering buildings, this would mean that the soil bedding is probably rock-hard. Old houses with old wood foundation are not much of a worry, unless you will be using heavy furniture on the above floor.

Neighbours Lastly, ask the neighbors about the house. What you hear may save your life  and money.

MetroBank aids for buying the pre-owned house in Philippines.

There are a lot of opportunities to be made when buying pre-owned residential property, like buying at a low rate and renovating to increase the market value. Buying pre-owned also means you can move in sooner!

Get everything you need to buy a pre-owned home at Metrobank. Avail of  a loanable amount of up to 80% of the property’s appraised value, and flexible payment terms of up to 25 years with affordable interest rates.

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RCBC Credit Card - In Philippies

Get the best promo by offered by RCBC Credit card in Philippines.

The different types of credit cards offered by RCBC Bank in Philippines.

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Your idea will get you money

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What makes thousands of Filipinos choose BPI for getting an auto loan without a second thought? Maybe it’s because of how simple the whole process of availing an auto loan from BPI is or maybe it i...

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Money Quote for Filipino

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PNB Credit Card : Countless Ways To Win. One Card to Make It Happen

Let your lifestyle soar with PNB Credit Cards

Today, we live in a world where we don’t have to look up our bank balance before we want to go shopping or purchase that dream dress or those fancy shoes that we have been eyeing for a while now.

The concept of credit cards has made it so simple for us. Credit cards are not just to make purchases and pay up later, but has evolved to accommodating numerous changes such as availing discounts for purchases, exciting cash backs and rebates on many products and not just these, we also have access to a plethora of dining & holiday deals and pocket friendly EMI options to pay our bills.

Shopping with credit cards has an all new meaning because of the reward points and promotional offers from the banks associated with it. However, all these offers and reward programs exist only for fixed period of time and it’s always beneficial to keep track of these offers and utilize them to build our credit scores, get the deals we have been dreaming off and save money as well.

One such bank in the Philippines that offers exceptional promotional offers in PNB credit card. With PNB credit cards, you have a sea of options and numerous ways of collecting reward points and the redemption of those reward points are equally rewarding.

Among the various promos that PNB offers, dining deals, travel deals, shopping deals, entertainments promos, deals on Apple products and malls & foodie perks are some that steal the show.

One such raving promo today is that of PNBs centenary celebrations.

What’s this promo about?

On the grand occasion of PNB’s 100th anniversary, 100 lucky cardholders will stand a chance to win P25,000 cash credits with every purchase that they make using their PNB MasterCard.

For each swipe, PNB cardholder’s can now earn one raffle entry and even more reward points for transactions on their credit card.

Since there is no lower bar on the amount of spend required, one can shop with their PNB MasterCard to be one of the glorious 100 winners in 100 days!

This promo is open to all PNB MasterCard credit card holders and apart from cash advance and ABF transactions that qualify as 1 raffle entry each, you can also use Balance transfers, Convert-to-cash and other transaction conversions as 5 raffle entries each.

The lucky draw date is 23rd, December, 2015 and the 100 winners will receive Php 25,000 which will be gifted in the form of cash credits and credited to the cardholder’s winning MasterCard.

With offers such as this, there’s all the more reason to shop! What are you buying today?

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Benefits of Investing in Time Deposits

There are few monetary instruments that are as evergreen, safe and versatile as the good ole’ time deposits. Us Filipinos have been hoarding money through this simple yet robust option for ages, an...

Check out the benefits of investing in Time Deposit in Philippines!

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BPI Housing Loan Philippines