Looking for a loaning service? Then you came to the right place. Finances are one of the aspects we should take into consideration. Applying for a loan is only the easiest part of the process. However, not all services give the same amount of benefits. They have their own terms and conditions with their own loan terms.

Better yet, there are now newer services that streamline the process. This makes it easier for both the borrower and the lender. Who doesn’t want to make their lives more convenient?

In this article will discuss loaning services that you can afford within your means. Do note that there is more than one that you can get. It all depends on your current situation. Remember: it is not recommended to borrow more than what you can pay back. See more in the next section.

MoneyCat

Here, the loaning service goes digital. That’s MoneyCat for you. It is not needed to go out and physically apply for one. Just follow 4 steps and you’re good to go. All you have to do is sign up at their website, wait for a confirmation text, receive the cash, and pay back through Dragonpay. It’s that easy! Best of all, they accept payments through your nearest payment centers for loan repayments.

The reason why they do this is because they want to limit physical contact as much as possible. If you are hesitant about online transactions, do not worry. All transactions done are in compliance with Philippine laws. 

Asteria Lending Inc.

Another possible choice for lending is Asteria Lending Inc. While they also offer online loan payments, they accept personal loans and salary loans. The approval time may take a little longer unless if you are patient enough.

One difference here is the loan terms they provide. It can be too short of a deadline for borrowers to repay what they borrowed. When it comes to it, it is up to you if you can do it. Repaying loans is the responsibility of the borrower.

Still Hesitant of Applying for an Online Loan?

It’s understandable. While you can still apply for a loan physically, there’s a reason why companies now want to prioritize convenience. People want services within reach with transparent rates. If one company forces the customer to wait long lines just to receive abysmal terms, then the customer will look for another service. Plus we are in the digital age. It is a must to make use of the resources available. 

Conclusion

Loaning services are now closer than ever. With the technology we have now, it’s no surprise that transactions are online. The catch there would be if they go through with what they promised. All in all, the process of getting a loan stays the same. 

Author’s Bio:

Deinah Storm works in the corporate industry. She has quite a bit of knowledge about finance, loans, and investments as she worked for a finance and investment company before. Today, she finds solace in writing and educating others about wise financial planning, investments, and cash loans.