Finance Controller – Dagupan

Full Time
Pangasinan, Pangasinan - Dagupan
Posted 6 months ago

Personal loan a last resort for the panic stricken state in life

Introduction
A loan is a liability provided by one individual (organization or person) to another individual at a time of need. Loan consists of principal amount, interest rate and period it has to be returned. Any loan is always got a cost attached to it which is called the interest.
The amount that the borrower receives is called the principal sum on which all other calculations are based on. The main incentive for a lender to involve or indulge is such an act is the interest that he receives. This kind of lending is confirmed by signatures on a contract.
A personal loan is an unsecured loan, where the borrower does not need to give any security or asset to guarantee repayment of the loan. This loan does have higher interest rate than other loans.
This unsecured loan is granted on the basis of the person’s integrity and ability to pay. An unsecured loan does not require any collaterals of property; it is highly dependent on a person’s credit ratings. These are also called signature loans.
Types of Loans
There are number of different kinds of loans. They are called secured, unsecured, demand, concessional and subsidized. Our main topic of discussion revolves around unsecured loans; however, let me give you a slight brief on the rest of the types. Secured loans as the name suggests is that kind of loan in which there is some asset that is required to be given as guarantee purpose.
Demand loans are short term loans that do not have any specified date of repayment. These can be secured or unsecured. Concessional loans are also known as soft loans; they are granted on below market interest rates or have extended repayment time. These kinds of loans mostly are offered by foreign governments to developing nations and betterment of the smaller countries.
Subsidized loans are loans which have reduced interest rate or hidden aid. These are offered to students who go abroad for further studies and brighter future. Lastly we shall talk about the unsecured loan, in this kind of loan; there is no guarantee which is required. This kind of loan is granted on the basis of credibility of a person. However, they have very high interest rates as a result of them being unsecured.

 

The Core
This brings us to personal loan which can be for mortgage, car loans, installment loans, payday loans.    The primary criterion is the credit score of the person on which this loan is sanctioned. The repayment term can be lengthened but the interest rate also multiplies as a result of the same.
This kind of loan may be the only resort some people have as they might not own a house of their own, real estate or any other solid form of collaterals. This is definitely a superior and more practical option to clear debts than a credit card loan as they have much more higher rate of interest.
These loans are also a better option to pay off credit card debts. The interest rates are lower in this situation. In case a person has low credit score it might be difficult to get this loan. In such a situation the person can convince a family member or any other trusted person to co-sign with them. Then it will be possible to get the loan sanctioned. In this scenario the benefit is the loan gets sanctioned and the person will get a lower interest rate.
The Closing
Personal loans are used for personal necessities like house extension, car repair, vacations, and marriages to name a few. It has its share of pros and cons. When one decides to resort to this loan it is essential to know both sides of the coin. some of its disadvantages are interest rates are higher than the secured loans, one still has to provide solid documentation that they will be able to repay the loan.
Some of its advantages are it does not need any collaterals; the rate is lower than taking cash advance on credit cards; it is fast and easy process all banks are ready to give this loan and lastly the repayment is completely based on financial capacity and monthly disposable income. All in all it is mostly a win win situation when one is really in dire state this is the safest bet.

  1. Payday Advance: Help When Payday is Too Far

Getting financial help can be a frustrating experience. Payday advance can help you when your payday is still too far away. In most instances, workers depend on their payday for their daily needs. You probably have the same experience like many workers. If you run short of your budget and payday is still too far, you get into financial trouble. The amount may not be big, but it doesn’t really matter. There are certain days in the month where you need financial assistance. This type of loan can really come in handy with so many little things that happen during the period from one payday to another.

Help With Educational Expenses

If you are working and you have kids in school, you probably have scratched your head with unexpected school expenses. When this happens, you will surely run out of your weekly budget. There is probably nowhere else to go but to get a payday advance. It is convenient, fast and hassle free. It is just like getting a portion of your salary before payday arrives. If you are good at your weekly budget, this will work well for you. However, if you are constantly out of budget, you need to be more cautious with having advances. You may end up with nothing come payday.

Help With Household Expenses

Household expenses can be budgeted but with kids growing up and other unexpected expenses, the chance of having a budget deficit is always a possibility. If this happens, payday advance can be handy. It can supplement any budget deficit you may have during the time from one payday period to another. Even with the convenience of having this type of loan, it is good advice to continue to stick to whatever budget you have. This will eliminate the possibility of more financial woes for you and your family.

Help With Any Emergency

Financial emergencies always just hide somewhere. Whenever this type of emergency comes, the fastest available help is payday advance. It can be a fast and convenient way to get cash. However, there may be limits to the amount that you can get. It will be dependent on how much you are earning per payday. If you are constantly on advances, the amount you get may get smaller. This may increase once you have paid out some of your advances. So, you can’t trust on this type of loan for bigger amounts. You may need to do some financial sourcing if you desire to obtain a bigger amount for a short term loan.

If you are working for a company, then you may be part of the work force that gets paid on a monthly basis. There are approximately 20 working days before you get your next salary. So many things and so many expenses get done during this time and you may need to have payday advance, to get you to the next payout. It is a timely financial help for you and me.

 

Job Features

Job CategoryAccounting
BenefitsMedical tel +012 636.75.86, Loans, Dental, Parking, Government Mandated Benefits
Working DaysMonday - Saturday
Office LocationDagupan, Pangasinan
Dress CodeCompany Uniform tel: +014 866.75.46

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