When offering the best loans in the Philippines, banks and some firms usually charge a one-off fee (up to 25% of the loan amount) and a monthly loan repayment (1.15-3%) in addition to interest. The trick is that the entire loan amount is often charged every month. Use a credit calculator to literally tell the aristocracy how much money you will need to pay. There are other banks that are asking you to pay a commission at the end of the contract. And, of course, without warning about this in advance. As a consequence, we ask the firm to clearly testify to all commissions. Preferably in the form of a document with a seal.
Find out if you can repay the loan freely
When choosing the best credit company, there is a significant point once again. A number of companies insistently ask for commissions for the loan fee through personal cash desks. Using free methods - ATMs, postal services - you risk getting a fine. The fee is credited to the account not on the day of payment, but in the direction of 1 or 3 days. For example, what if
- the firm doesn't have a gift offer to repay the loan;
- Branches are not easy to find on a map of the metropolis.
- than any other company to choose another one.