Personal loan from city union bank

There are two major types of loan in the Philippines - secured and unsecured loan. A secured loan requires the personal loan from city union bank to have some sort of collateral as payment security for loan lenders.

In the event that the borrower fails to pay the loan amount, lenders will take the asset and use it as a payment for the loaned money. On the other hand, an unsecured loan refers to a Personal Loan without collateral, but this often comes with a higher interest rate. It is considered higher risk since it doesnt have any form of security (aka the aforementioned collateral). Why apply for Personal Loans. Here are the top reasons Filipinos borrow money.

Personal loan from city union bank

The most popular need is to cover an emergency expense. It is not always possible to plan things in advance; some expenses crop up unexpectedly like medical emergency, breaking down of your car or providing for boiler repairs.

In these loans, funds are transferred to your account swiftly and help you resolve your financial crisis soon. Apply for payday advance loans ONLY during emergency. Being highly accessible, there can often be a temptation to opt for payday cash loans for less urgent problems. However, you should not take these loans for needs that are not genuine. The loans can be expensive and should not be used irresponsibly.

Personal loan from city union bank

What can I pawn. How much is my stuff worth. When we assess the value of the item we look at its current value but we make the pawn loan based on the resale value of the item. The type of item being pawned and its condition makes a difference in the loan value as well.

Some of the higher value loan items include: Gold, high end watches and jewellery Up to date electronics Tablets and smartphones Quality guitars and musical instruments Collectibles. These items bring higher loans, but almost any item can be pawned including household goods, entertainment systems, tools, costume jewellery, and more.

Personal loan from city union bank