The holidays are fast approaching and it is that time of the year again to prepare for the season.
1. Bank Loans -- This may take a few business days but you may still want to try before the holidays. For BPI and RCBC Bankard account holders, if you are in need of immediate cash you may want to check on the following loan programs that they offer:
Based on personal experience, here is a loan program comparison chart between BPI (Personal Loan) and RCBC Bankard (Your Cash):
| BPI | RCBC Bankard | |
| Sample Gross Loan | ₱30,000.00 | |
| Sample Terms of Payment | 12 Months | |
| Interest Rate | 0.98% | 0.69% |
| Net Payout | ₱28,500.00 | ₱30,000.00 |
| Receive Credits through | BPI Deposit Account | Preferred Bank Account / Manager's Check |
| Flexibility of Payment | You cannot overpay your monthly payment because your payment is enrolled under the Automatic Debit feature. Either you stick in paying the monthly payment or pay in full. Feel free to contact them if you wish to make another loan. They are the ones who will decide how much you can loan. | You can overpay your monthly payment. You will be given a separate card number account different from your Master Card / Visa Card which you may enroll for online / mobile banking. Your loan amount will depend on your credit card's credit limit. If you decide not to avail of the full credit limit, you can call them anytime to request that you want to use the remaining available credit. |
| Charges / Fees | ₱1500 -- Processing Fee which is immediately deducted from your Gross Loan. | ₱150 -- Delivery Charge. This is added on your first monthly payment. |
| Processing Time | 3-5 business days | 5-10 business days (The holidays can affect the processing time.) |
| Monthly Payment | ₱2,794.00 | ₱2,707.00 |
| Total Payment | ₱33,528. | ₱32,484. |
| Computation | 30000 x 0.98% = 294 294 x 12 Months = 3528 30000 + 3528 = 33528 33528 / 12 Months = 2794 / Month | 30000 x 0.69% = 207 207 x 12 Months = 2484 30000 + 2484 = 32484 32484 / 12 = 2707 / Month |
Contact Nos:
BPI -- 845-5994 / 0917-553-3669 / 0939-0922-4659
RCBC Bankard -- 888-1833
2, PawnHero PH -- It is an online pawnshop where you can pawn your items for fast cash with low interest rate. You can immediately get a free estimate of your items within minutes though it can take hours if you submit your request during their non-operation hours. Here is a BAP Code: BAP-4JEN66 if you get the interest to try the service. When you make an estimate request, you get decent reviews on why your items can be acceptable or not for pawning, and you will be notified on both sms and email.
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