Thinking about getting a loan? Read this



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Thinking about getting a loan? Read this

This article was written exclusively for ABS-CBN by MoneyMax.ph, the leading online comparison portal for car insurance, credit cards, and other financial products. Find out more at MoneyMax.ph.

MANILA, Philippines - There are certain goals that cannot be realized without a little additional financing. Businesses require capital before they get off the ground, or financing the purchase of a car is a little less difficult than dropping a bulk amount.

These are just examples of situations where you might consider taking out a loan.

Banks have several kinds of loans available to clients, while Pag-IBIG and SSS also have loan programs available. These products may be common across establishments, you need to look at which of these has the lowest interest rate for the amount you’d like to borrow.

A lower interest rate means you pay less annually and paying on time guarantees you a good rating as a client.

Here’s a quick guide to help you decide which loan fits your needs.

Mobile users can view the desktop version of the slideshow here.



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