And some dont even use hard credit checks, so your credit score wont be affected by the application itself. With that said if you have problems getting approved for a loan, try to apply at many different loan sites.
If denied wait some time, and try again. Just make sure the site doesnt use hard credit checks, most of the non-personal loans on this site doesnt do hard credit checks. Credit Checks. Credit checks vary depending on your lender and the type of loan youre applying for. A soft check is more like a background check and doesnt appear on your credit report.
Document Requirements: Filled out application form Proof of income and valid identification cards. Overseas Filipino Worker (OFW) Government-issued photo-bearing ID (Passport, Drivers License, SSS, PRC, etc. ) Agency based: POEA contract or Employment contract with boarding date Direct hire: Proof of remittance, POEA OFW Information Sheet or POEA Overseas Employment Certificate and Work Contract.
Interest Rates: Monthly Add-on Rate 1. 20 Effective Interest Rate (Annual): 12-month term: 25. 60 18-month term: 25. 74 24-month term: 25. 59 30-month term: 25. 33 36-month term: 25.
If you refinance like this several times, the 'compounding' effect of the high interest rate can quickly spiral out of control. You can see how with this monthly interest calculator.
On any borrowing, the two key things that affect the interest cost are the annual percentage rate of interest (APR) and how long you borrow for. Drag the bar below to set the APR. Payday loans are typically 1000 to 6000 APR.
Then hit PLAY to see how the interest would go up if you kept refinancing each month.
Why drive all the way to a storefront. You can have money in your account in as little as 15 minutes, without even leaving your computer. Did we mention that no fax is necessary either. How Does It Work. All you have to is fill out a one page form and you are ready to get some money deposited into your account. Prefer Telephone.