• Installment Phones Without Credit Card
• Iphone Installment Philippines

How to Qualify for a Bank Loan in the PhilippinesRaining Pesos offer a variety of different bank loans in the Philippines. Our main focus is car loans, gadgets on installment, personal loans, home loans and business financing. The rules to qualify for money can be different by loan type, and also by the bank lender. Here are the general qualifiers to see if you can start applying for a money loan now. Additional requirements for specific loans will be found at Step1 after you click on the menu button.

View Requirements » Requirements:. You need to be employed in your current job for at least 1 yr (some banks require longer).

If you own your own company, you need to show positive income for at least one year. Older than 21 yrs old, and the end of the loan term must be earlier than your 65th birthday.

You are in good credit standing. No outstanding court cases where you failed to pay a debt, or if you are late paying a credit card or other loan.

Installment Phones Without Credit Card

If you settle the debt, you can then apply as long as you provide proof of settlement. Some banks only cover certain areas for loans in the Philippines. Foreigners: You must be married to a Filipino. Only a few of our partner banks will allow a car loan without being married. Car Loan: For new or used cars no older than model year 1997. There is always a down payment required, but with a newer car, less downpayment is required. Once you are approved, the bank will appraise the vehicle and the funds will be given in check to the car seller.

Other Loan Types »Gadgets on Installment: This loan is limited to a 12 month term and for Metro Manila only. You only need to show that you are a regular employee, and you DO NOT need to have a credit card in your name (a requirement of many banks offering personal loans). This entire application process can be done from your home.

You will apply and upload a few requirement documents, and we'll contact you to verify and set up a loan approval appointment. The credit investigation officer will come to your house for credit check, original document verification, collection of 20% down payment, and endorsement of your new gadget. Why Apply with Raining Pesos? Let us do the research and hard work for you. The rates you receive from us will be exactly the same as the rates you receive from the bank. The difference is that you only need to apply once with us, and we'll guide you to the best choice of bank and loan product. You won't need to go into 10 or 20 bank branches in order to learn and compare everything available to you.

Iphone Installment Philippines

In fact, you might miss out on the best deal trying to do the research yourself. Instead, save time and money working with our experienced approvals team.