Topics and articles in relation to borrowing or credit. Get more information about loans here at Cash Mart Philippines blog.
BDO Unibank, Inc. is undeniably one of the largest universal banks in the Philippines. It offers a lot of services such as Leasing and Financing, Private Banking, Rural Banking, Insurance Brokerage, Investment Banking, and Stock Brokerage services.
Being a member of the SM Group, you can find a branch in every SM Supermall. This gives BDO clients the advantage as it opens on weekends unlike most banks in the country. However, does it offer the best loans to every Filipino?
Security Bank was established on June 18, 1951 as Security Bank and Trust Company. It was the first Filipino-controlled bank in the country after the World War II. As years go by, the bank has developed and offered various services which included loans.
Now, Security bank has 264 branches, more than 560 ATMs and Security Bank’s Thrift bank subsidiary with 39 branches. However, Security Bank is still a bank with strict requirements and eligibility for its borrowers.
If loans are put into good use and lenders have been chosen wisely, it can give most Filipinos the chance to get their dream homes with financial ease. Filipinos finance their various housing needs with a home loan, and this includes the BDO home loan.
If you are a typical Pinoy who have a few close relatives and friends, there is a high chance that you have tried borrowing from them. Borrowing money, however, is a tough test of trust. Once you break it, it would be hard to mend.
Unless you are too thick skinned, you won’t be able to face the person whose trust was broken because you never paid up. This is an old cycle that seems to be a negative part of the Filipino lending culture. As much as possible, if you choose to borrow from a friend, make sure you will settle it on the date you have promised.
A lot of Filipinos need a loan to get by during tough financial times, security guards are no different. However, most “sekyu’s” feel unsure if they can even find a lender where they can apply for a loan. Good thing Cash Mart offers salary loans for security guards.
