Even if you’re not in NCR, that doesn’t mean you don’t have any financial assistance options in your hands. Especially if you’re in a city like Antipolo which is now highly urbanized. However, not the entire city of Antipolo has enough financial resources, specifically for loans. So instead of wasting your time in looking for a nearby bank or government office, or even a pawn shop, might I suggest you look for online lending companies that can give loans in your area. It’s quite easy.
But first here are a few qualifications you must meet:
- You must be at least 18 years old and employed for a year (or self-employed for 2-3 years minimum)
This one is pretty self-explanatory. A kid cannot take out a loan. And private lenders must have a guarantee that you can actually pay back your loan.
- You must have a proof of billing.
This one is just to be sure that you do live where you say you live. Most of the time, your proof of billing (like bills or mail) should be quite recent or issued within the last 6 months prior to your application.
- You must provide 1-2 government IDs.
This next requirement will tell lenders that the government has you on record. Be careful with the IDs you present, though. ‘Cause some lenders only have specific kinds of government IDs you can use for this. Examples are passports, drivers’ license, or UMID. A digitized postal ID, your TIN, or even your PhilHealth Card will not be accepted. Same goes for your Birth Certificate, NBI clearance or the SSS E1 form.
- You must pass a proof of life test (aka selfie verification)
This one is pretty new. It’s just to be sure that you’re alive. It might sound crazy but some bad people try to forge a dead person’s signature, or pose as someone else to make the loan under his or her name. Usually, the app will ask you to do a few gestures and you’re done. If you’ve done nothing wrong, then you’re good to go. You may encounter a few errors, but that’s fine. You can take the test again.
Do note that for first time lenders, and depending on your qualifications the loan amount may be too small for your expectations. But if you keep using your app and be on the record as a good payer, then you can definitely do it again.
Unemployed people can also take out a loan through private lending companies, though once again, it might not be much, but still helpful during a pinch!