Loan for freelancers: Tips to get approved

Posted at Jul 24 2019 04:10 PM

Being a freelancer in the Philippines has its downsides—one of them involves getting a loan.

Formal lending institutions in the Philippines like banks and government agencies require borrowers to provide their payslips, income tax return (ITR), certificate of employment, and other financial documents to prove their ability to repay a loan on time.

Don’t let your self-employment status stop you from borrowing money to cover your financial needs. It takes some effort and patience, but you can definitely improve your chances of getting approved for a loan with the following tips.

For more finance tips, visit Moneymax.