MANILA -- If you’ve yet to take out a personal loan, you may think that applying for one will require a lot of your time, not to mention forms to complete and documents to submit.
There are some myths about personal loans that we’re happy to disprove for you — that it’s complicated, inconvenient, and maybe not even something you need. But there is such a thing as good debt – when you are borrowing to improve yourself because you want to take a course to acquire new skills, or invest in a condominium unit to cut back on what you are paying for rent. Consider these as investments as you kick-start your career and secure your future!
So before you say no to a personal loan offer, read about the myths and learn the facts.
Myth: It’s complicated to apply for a personal loan.
Fact: With Citi Philippines, you can apply online which you can access from the comforts of your home or office. Point your browser to www.citibank.com.ph/loans and click “Apply Now.” The link will lead you to a short online form for you to fill in your details. It’s that easy.
Myth: It’s a long process.
Fact: After you complete your online form, in three hours or less, Citi will give you a call about your application! What’s more, you can get your loan approved in as fast as 24 hours! If you want to know if the monthly payments will be within your budget, Citi also features an online personal loan calculator to compute for your monthly amortization. Select the loan amount and loan term to see what will work for you!
Myth: I have no collateral.
Fact: With no collateral or guarantor needed, nothing is holding you back to go for it. Citi also offers flexible terms that span from one to five years. You can borrow from as little as P20,000 to a sum of P2 million.
If you’re thinking of taking a trip, renovating your home or any other big purchase or emergency expense, visit the Citi website to explore more about its personal loan and see if it’s the right one for you.
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