Best licensed Money lender in Philippines


Credit risk is the risk of loss as a result of the borrower’s failure to repay the loan or meet the contractual obligations.  Traditionally, this indicates the risk that the lender may not receive outstanding principal and interest, resulting in disruption of cash flow and increased recovery costs. If you are looking for Best licensed Money lender in Philippines, let’s know more!

Risk of Unsecured Personal Loans

1. Interest rate

Just because you’re eligible for a personal loan doesn’t mean you have to take it out.  Some personal loans come with low-interest rates of up to 10%, while others can be up to three or four times higher.  The interest rate on these loans depends on your credit score, but lenders can charge whatever they want, provided the rate is subject to certain rules.

2. Penalty for early payment

Are you allowed early repayment of the loan or is there a penalty or fee for doing so?  Depending on what type of personal loan you get; from a bank, through a peer-to-peer (P2P) loan, or in some other way – some lenders will repay you more than others.  Allow fast.  More favorable style.  If early payment is important to you (and should be), read the fine print carefully to make sure no penalties are involved.

3. Large fee advance

How much will it cost you to get a loan in your bank account?  Like mortgages, the start-up fees for loans can vary widely.  You want to make sure that any advance fees you pay are reasonable and up to market level.  There are many providers with different terms, so don’t feel that you have to take the first loan for which you have been approved.

4. Privacy concerns

Bank and credit union loans will come with strict privacy rules, but other options may be significantly less formal.  While all lenders should respect the privacy laws required by banks, some do not.

   5. Insurance Pitch

Some personal loans will come with a sales pitch for additional insurance to protect the loan if “unforeseen life events” stand in the way of your ability to pay.  If you want insurance for this purpose, call your trusted agent and get a quote on general disability insurance.  It’s probably cheaper and has better coverage.


You can use this open-end loan for any purpose.  You could pay for an interest-bearing credit card, pay for adoption, or pay for other expenses for which you lack the funds you need.