Pesoassist in Philippines
- 05.14.2020, 04:07 AM
Minimum requirements. Citizens can get a loan if they meet the minimum requirements. For this reason, there are practically no refusals to provide a service. You can get borrowed funds even with a negative credit history.
In addition to the advantages, there are also disadvantages. For example, if after prolonging the contract the borrower has not returned the funds of the company, the MFI will charge high interest rates of 20% per annum. In the future, the service will sue the borrower.
A sufficiently high percentage for using the service. Rates are in the range of 0.5 - 1.5%. If issued for a long period, there will be a high overpayment.
Location: Baguio City, BEN, Philippines