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Tagbilaran City loan needs

Tagbilaran City payday loan needs from borrowers Page 19

Tagbilaran City loan needs Page 19

Tagbilaran City

Tagbilaran City loan needs

For board exam

Joy Mea, 2017-04-27 13:56:50 | Tagbilaran City 654 Views

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Loan APR interest rate

Loan term:: the shortest 90 days, the longest 5 years
The lender cannot claim loan repayment within 90 days
Upfront cost: no nominal cost
Annual interest rate: 12%~30%, not exceeding the legal interest rate
Age: Must be over 20 years old
Region: Philippines only

Example of Borrowing

An office worker has worked for more than a year, and John with normal credit wants to borrow 30,000 PHP in cash quickly. He chose a credit loan program from projects offered by multiple funders and borrowed it for six months. On the same day, he received a loan of 30,000 PHP without prior handling fees and agency fees. The monthly interest is 500 PHP and the annual interest is 6,000 PHP.

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