In this modern time, being a hardworking employee is not enough to have a wonderful life. Almost everyone knows that we can’t become rich through a …
Working in a call center is full of excitement and tons of opportunities. Even though there are difficult working shifts, you can still enjoy with your …
Freelancers are now getting recognized in the society. With thousands of jobs available, freelancers can take on any opportunity and gain the proper income they want. …
Metro Manila is the hub of progress in Philippines. All cities of Metro Manila signify the prevalence of modern lifestyle, and urbanites can also be spotted …
In this modern time, being a hardworking employee is not enough to have a wonderful life. Almost everyone knows that we can’t become rich through a 9-5 job. However, there are some perks that can support you for many years. Some of these perks include medical plans and a myriad of company rewards. One of the most useful perks that you can enjoy is a low-rate salary loan.
A salary loan is a subtype of personal loan from a lending company that’s available to employees. Salary loan lenders are hedged against risk because employees have stable payroll to rely on. Check out the following benefits of low-rate salary loans:
Low Interest and Fees
Since many salary loans have circulated in the market, lenders need to make their rates competitive. This means that you can find loans with low interest and service fees easily. Through Facebook alone, hundreds of lenders are competing for attention. Online lenders are also becoming more popular than banks and other large financial groups. Shopping for loans has never been easier nowadays.
Aside from low interest, employees are looking for lenders with easy application methods. Typically, online lenders will give you results about your loan application within 2 hours or probably less. These lenders are also not strict when it comes to requirements. You just need to submit government IDs and proofs of income. Prior to application, you need to prepare your requirements. This will speed up your application process and can also increase the chance of approval.
Acceptable Repayment Terms
Money lenders earn their profits through interest segmented in payment terms. Longer repayment terms will be easier for your wallet, but the lender will earn more. Shorter repayment terms will let you finish the loan quickly so you don’t need to pay high interest above your principal. So, what is the acceptable repayment term? It all depends on your financial capability. Some borrowers are comfortable with a 3-month repayment period, while others shoot for 5 months. Don’t pick lenders that will stretch out your loan for more than 5 months. Also, you must choose a lender which will let you repay the loan in full once you already have the ample cash on hand.
Even though it’s easy to apply for salary loans, you still need to prepare ahead of time. If you cannot repay the loan, you’d end up with penalties that can exceed your loan principal. This can set your finances greatly and make your life harder. Before applying for one, make sure that you’re ready for the responsibility.
Working in a call center is full of excitement and tons of opportunities. Even though there are difficult working shifts, you can still enjoy with your friends from time to time. Call center employees have also contributed to the growth of society in many possible ways. Now that many people are entering the call center industry worldwide, the lending arena has extended its loan products. You can now get a call center loan from most banks and financial organizations.
Before you apply for such salary loan, you need to bear some important reminders in your mind. These reminders will help you get the best call center loan in the market today.
Always Check Interest and Fees
For all borrowers, interests and fees tend to be painful. For lenders, these are just pure profits. To make your repayment a bit easier, you should always check interest rates and fees. Most call center lenders have varying rates because they want to deal with competition. If a lender’s rate is competitive, more borrowers will send in their applications. To gain information regarding rates, you can visit popular lending pages in Facebook. Online loan directories are great sources of information. Word of mouth is also a great process, but you have to take the information with a grain of salt.
Choose Lenders with Flexible Repayment Terms
Apart from interest, lenders make money through repayment terms. You can see lenders extending their repayment terms by few months. Others, however, typically offer terms of up to 3 months. Three to five months is the acceptable range. You shouldn’t go beyond that.
Know Your Financial Status
Your financial status can be likened to a strategic map. Here, you can see the strong and weak areas of your finances. If you need to tighten your belt or double your income, you’ll know what strategies to apply. A simple notebook or organizer can be used to explore your financial state. You can do this alone or even seek the help of your spouse. Once you know your financial status, you can repay your call center loan easily.
Just like any other loan, a call center loan can give you a difficult time if you can’t repay it properly. Make sure that you’re ready for the responsibility even before you send your application. Remember, if you can’t repay your call center loan, you’d end up paying higher interest and penalty fees. Once you’re ready, visit a lender today and start applying for a call center loan!
Freelancers are now getting recognized in the society. With thousands of jobs available, freelancers can take on any opportunity and gain the proper income they want. Even in the lending arena, many loan options are being offered to freelancers. If you’re a freelancer and you want to get a loan, you should think about your borrowing power. Typically, lenders have more requirements for freelancers because the risk is higher. First-time borrowers are only allowed for small amounts because their financial reputation is still building up.
Here are some ways that can improve your borrowing power as a freelancer:
Borrow a Credit Builder Loan
Credit builder loans are typically offered by banks to people who have no credit to begin with. These loans are easy to get, unlike other types of commercial loans. Another advantage of a credit builder loan is the low interest. Some credit builder loans have lower interests than personal loans and salary loans. In turn, credit builder loans have smaller amounts offered.
Reach Out to Community Lenders
Aside from banks, community lenders are great options that you can rely on. These lenders are small stores or offices that lend money to people in the community. If you’re new in the area, you still need to build your reputation. Before borrowing, someone should vouch for you. Make friends in the area, and you can eventually get some valuable loans. This process will take time, so you need to be patient.
Make Smart Purchases
More often than not, we just purchase things out of impulse. If you want to increase your borrowing power, you need to purchase things smartly. Mall items, for example, can give you credit privileges once purchased. These privileges can reflect to your credit rating. There are other perks and privileges that you can avail. Be sure to research about your favorite brands so you can get timely information. Caution – not all privileges can be helpful. Some will cause you to spend more in the future or pay for hidden fees. So, be careful in choosing your privileges!
Once you managed to secure a freelancer loan, you should get the full value of it. Don’t spend the loan on things that you don’t need. It’s wiser to use the loan as investment for different small ventures. Sooner or later, these investments will pay off and you’ll have enough money to repay your loan. Plus, you can stash extra money for your savings!
Metro Manila is the hub of progress in Philippines. All cities of Metro Manila signify the prevalence of modern lifestyle, and urbanites can also be spotted everywhere. While the Metro Manila lifestyle is cool and rewarding, it can be damaging for your wallet. Try splurging all over the greater Metro. You’d probably visit Starbucks, Jollibee, and McDonalds. There are also tons of specialty shops that can entice you to buy their products.
Do you want to save money while enjoying the Metro Manila lifestyle? Here are some three popular ways:
Cook Your Own Meals
Do you want to know the top ‘budget eaters’ for Metro Manila urbanites? Fastfood and commercially-prepared food! If you have a weekly budget, eating that cheeseburger can cost you hundreds of pesos. This extra money should be used for better things, such as work expenses or savings. The solution? Try cooking your own meals. This will take discipline, especially if you’re accustomed to buying your foods. Home-cooked meals are also healthier because you can control the calories and nutrients included. Fortunately, there are hundreds of cooking blogs that can help you prepare yummy foods even if you’re on a tight budget.
Walk – It’s Good for You!
Do you always ride the taxi whenever you want to go somewhere? How about MRT or LRT rides because they can take you to various locations in just few minutes? Commuting eats a significant portion of your budget. If the location is not too far away, try walking for few minutes. It can help you save money and it’s actually good for your health. Every day, we’re required to walk 10,000 steps for better blood circulation and mental clarity. So, walk whenever you can! Visit parks for fresh air and enjoy wonderful scenery!
Minimize Your Luxuries
Luxuries are always part of the Metro Manila lifestyle. Many urbanites rationalize that luxuries reward them for their hard work. This is right, but too many luxuries can affect your finances negatively. So, think twice before picking that overpriced novelty mug. Maybe you just need a regular mug with a cool design. By minimizing your luxuries, you can definitely save money.
Living in Metro Manila is not just about parties and rubbing elbows with socialites. Sometimes, it’s all about enjoying the best options that Metro Manila can give. To know more about Metro Manila’s hot yet affordable spots, check out different Filipino lifestyle blogs.
Getting out of debt is a dream of many people. Even though hundreds of techniques have been shared about getting debt-free, only a small people truly managed to be free. Many people have died and left tons of debts for their offspring. If you want to avoid such lonely fate, you must take action today. Don’t worry – you don’t need to apply a huge life-changing strategy right away. What you need are simple day-to-day steps that you can rely on.
Create a Debt Resolution Plan
A debt resolution plan is similar to a financial plan, except that it’s focused on your debts. This plan will help you see all of your debts in bird’s eye view. You can adjust your monthly expenditure and also pinpoint the weak areas in your finances. By following the plan thoroughly, you can increase your chance of being debt-free this 2017.
Consolidate All Your Debts
According to cashmart.sg, debt consolidation is a popular choice offered to many borrowers. However, many people are still unaware of this wonderful financial strategy. To consolidate your debts, you need the help of a bank or financial organization. After a discussion and analysis process, the bank will go through with the consolidation. Once this is done, all of your debts are rolled into one so it’s easier to repay them.
Get Multiple Streams of Income
Sometimes, debt consolidation won’t work if your income barely reaches an acceptable monthly level. In this case, you need to get a second (or third) income source. Thanks to the Internet, getting multiple streams of income has never been easier. You can rely on dozens of freelancing platforms to get jobs. Some of the popular jobs are content writing, data entry, virtual assistance, web design, and online teaching. Freelancing is quickly becoming the norm, so you should ride the opportunity.
Cut Down on Luxuries
Last but obviously not the least: you need to cut down on your luxuries. Do you think you need that magazine subscription if you can’t pay for the rent? How much money can you save if you just cooked your meals instead of buying them? Once you cut down your luxuries, there will be extra cash to repay your debts or even purchase necessities. This is a long-term strategy that can help you for many years.
You don’t need a ‘wonder formula’ to get out of debts. As you follow the steps mentioned above, you can be free from your debts and you’d see life in a different angle. More importantly, your offspring will have a better life ahead.