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PMT Forum's MOST POPULAR Discussion Boards => Banking / Insurance / Credit Cards => Topic started by: alterkick on Jul 14, 2017, 09:40 AM

Title: Personal Loan
Post by: alterkick on Jul 14, 2017, 09:40 AM
Hi,
I paid a reservation for house and lot and scheduled to pay downpayment for 2 years.  I'm thinking of applying a personal loan in a bank so i can fully pay the downpayment and just pay the bank for monthly amortization.  Gusto ko kasi masimulan na agad yung bahay.  Will it affect my bank financing application if I have a ongoing personal loan to pay?
Title: Re: Personal Loan
Post by: firstandlast on Jul 23, 2017, 01:01 AM
It depends.
If it's the same bank, most likely, they will ask you to settle first your personal loan fully.
If it's not the same bank, most likely, they will approve your bank financing for home loan, as long as you have a good credit standing.
Title: Re: Personal Loan
Post by: HotdogWithSauce on Jul 23, 2017, 06:47 AM
Like firstandlast mentioned it depends on a bunch of stuff. ongoing loans are usually added to your credit profile / history, so anyone you make financial applications to will be able to see this. as long as you are keeping up with payments it should be good as there wont be any marks against you.

if you are keeping up with payments it could show youre reliable with money. if not then try working on improving it. theres a bunch of guides on loans like these ones (https://nzcubaywide.co.nz/get-a-loan/personal-loans/#loan-information), which have useful info on loans that you might find worthwhile. TL;DR: by improving it you might get a better loan rate among other things. also means you pay less in interest which is never a bad thing.
Title: Re: Personal Loan
Post by: alterkick on Jul 25, 2017, 12:26 PM
thank you firstandlast and HotdogWithSauce.  :)
Title: Re: Personal Loan
Post by: angeljme on Jul 25, 2017, 02:42 PM
@alterkick
Check first if the site is already developed and the developer can start the house immediately if you pay the DP in cash.  Please note that there might be delays and the most certain benefit you'd likely get by paying the DP in cash is to get the cash discount.
Title: Re: Personal Loan
Post by: kathmendez on Oct 01, 2017, 02:20 PM
I suggest getting a loan from a different bank. You could check it online on sites like https://www.ecomparemo.com/housing-loan so you could the different terms of different banks. From there, you could choose the perfect one for you.
Title: Re: Personal Loan
Post by: ethanscott on Jun 26, 2019, 02:23 AM
It varies from bank to bank. You will have to enquire about this with the bank you want to get a personal loan from. Get a personal loan today with Upwards. They give instant loan with flexible tenure. The application process is easy and hassle-free with instant approval. I found their services recently when I was looking up hassle-free personal loans.  I have been through the whole process with banks and it really tired me out with the back and forth. The customer care takes care of your queries with their quick services and helpful customer care executives. The services offered by Upwards really made it very easy and my application was approved within 24 hours. I really wasn’t able to find personal loans like these anywhere else. You can also check out the reviews of their customers to know that they are genuine.
Title: Re: Personal Loan
Post by: kisntel on Jun 26, 2019, 01:41 PM
^for Upwards, correct me if I'm wrong but is it only available in India?
Title: Re: Personal Loan
Post by: Glaggsy on Aug 02, 2019, 09:59 PM
Guys, gustong malaman ang opinion mo. Kaya, ang pagkuha ng pautang mula sa mga kumpanya tulad ng https://cashpaydaygo.com/ph/ (https://cashpaydaygo.com/ph/) isang lehitimong bagay? Nag-browse ako para sa ilang impormasyon at natagpuan ang maraming iba't ibang mga opinyon kaya napagpasyahan na ito ay isang diyos na ideya na tanungin ang tanong na ito dahil sa tipo kong tiwala sa iyo. Hindi bababa sa siguradong sigurado ako na mas mahusay ka sa mga ganoong isyu kaysa sa akin kaya kung tulungan mo akong gumawa ng desisyon, papahalagahan ko talaga ito.