Interest rate is at 1. Types of Personal Loan. There are two major types of loan in the Philippines - secured and unsecured loan.
A secured loan requires the borrower to have some sort of collateral as payment security for loan lenders. In the event that the borrower fails to pay the loan amount, lenders will take the asset and use it as any good cash advance websites payment for the loaned money.
On the other hand, an unsecured loan refers to a Personal Loan without collateral, but this often comes with a higher interest rate. It is considered higher risk since it doesnt have any form of security (aka the aforementioned collateral).
Why apply for Personal Loans. Here are the top reasons Filipinos borrow money.
One caller, who said his name was Kevin, told me that Mary had been approved for a loan of up to 5,000 - 10 times what I initially asked for. Kevin said he was from a company called Cash 4 You, which was unconnected to eTaxLoan.
com. By this point, I was wholly confused. ETaxLoan had said it was a secure site, but now, many different companies had my application - and, presumably, my personal information. It turns out there's a huge online bidding process for such loans. ETaxLoan isn't a lender at all, but something called a lead generator.
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This website is not an offer to lend. icashloans. com is not a lender and does not make loan or credit decisions. icashloans. com connects interested persons with a lender from its network of approved lenders. icashloans. com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender.