Debt Consolidation Loans Philippines

A debt consolidation loan is another option to manage your cashflow. Eir is computed as. The effective interest rate eir per annum ranges from 315 to 464 using a sample loan amount of p250000 at a 24 month loan period exact eir is indicated in the disclosure statement.

Jerry and annalyn used a personal loan from vidalia lending to consolidate debt of their credit cards.

Debt consolidation loans philippines. Total interest loan processing fee loan disbursement fee dst total outstanding balance12. Unpaid amortizations in sss educational loans will charge a 1 monthly penalty so it is important that people pay their loans on time. This type of personal loan can be used for debt financing. The eir computation includes loan processing fee loan disbursement fee and dst.

Many filipinos borrow money for fiestas birthday parties and the like even if they know that they will have difficulty in paying off said debts. Combining multiple types of debt such as credit card and store card balances loans overdrafts and payday loans into a single monthly payment can make it easier to manage your finances. In debt consolidation you collate all loans and debts into one while refinancing your previous loans to make one with better. Easy single payment.

Debt consolidation loans. Consolidate your debt with a personal loan simplify your finances and lower your interest rate. This type of loans is commonly offered by commercial banks in the country to applicants who are employed individuals and those who can present strong proof of regular income have the high percentage of being approved for this loan. 1552 metro manila philippines.

Debt consolidation is referred to as the combination of several loans merge into a large one.