As the loan industry continues to grow and competition becomes even tougher, there’s a growing number of private financial institutions or lending companies that are coming up with offers for faster processing and easier approval. After all, these are the top two factors that will provide them an edge over others, aside from interest rates. […]read more >>
How to Get a Fast Loan
As the loan industry continues to grow and competition becomes even tougher, there’s a growing number of private financial institutions or lending companies that are coming up with offers for faster processing and easier approval. After all, these are the top two factors that will provide them an edge over others, aside from interest rates.
Interested in getting a fast loan? Here are some tips you can apply to achieve this:
Look for a good loan provider with reasonable interest rates offering fast services such as 24-hour processing of loan applications. Preferably, you ought to go for a company that allows online submission of application and requirements so that it will be more convenient and quicker for you. One reliable website you must check out is .
Immediately find out the requirements ahead of time so that you’ll have enough time to have documents prepared by the HR department of your company. If you’ll need a copy of your ITR or COE, for instance, you’ll have to request early.
If you are self-employed or you have your own business, there may be more documents needed. It’s also more difficult if you’re working abroad. Therefore, you really have to arrange for these papers to be released in time for your loan application submission.
If you have collateral to offer such as an existing car, all the more that you’re likely to be eligible for a faster loan. There are some that simply ask for the OR-CR of the vehicle and will not require you to leave your vehicle behind with them throughout the duration of your loan repayments. You should then photocopy all of your asset documents and submit them as soon as possible.
In case you’re anticipating a huge travel expense in a year’s time and contemplating getting a loan for it, you should definitely get ready very early not just in preparing the documents and other requirements but making sure that you’ve got a good track record. This means that you ought to ensure prompt payment of other loans or you can possibly get an income-generating sideline so that you can also present proof of this for added income. What’s more, your approval will be much faster if you have no bad records of payment on credit cards and other existing loans.
Are you anticipating a promotion at work? Perhaps you need to process some papers for this or discuss it with your supervisor or manager. Hence, you must attend to this ahead of time too so that by the time you apply for a loan, you can present a COE that states your new position and salary.
If you are married and your spouse is also earning income, it’s much easier to have your loan application processed and approved fast. Ask your spouse to also prepare the documents necessary so that both of you can submit the requirements at once. With your combined income, you have a better chance of getting approved.
Be sure to go over the different options you have when you visit www.fastloan.com.ph so that you can pick the most suitable for your needs and which will provide you speedier results.