Loan and Business

By Cher
Philippines
November 21, 2017 12:04pm CST
I was just browsing Facebook to see what's my FB friends are upto. Then suddenly, a sponsored ad about a loan shows up. I remembered applying for it when I was still an employee and got declined by them. Out of curiosity, since now I am a business owner, I applied again. This time, instead of being employed, I picked business owner. Finished all the information needed and submit. After 5 minutes, my phone rings. When I answered, it was the loan company telling me that I got approved with my loan application! The agent told me to check my bank account since the loan proceeds will be deposited within the day. When I check my online banking after talking to them, the loan amount is already there. I don't know if it's because of the change from employment to being a business owner, or maybe I just got lucky? But it seems it's because of the new financial status that's why I got approved right away. Funny thing, I just tried it and unintentionally know I will get it. So now I am thinking of investing it instead since I can no longer cancel it.
5 people like this
6 responses
@SIMPLYD (83266)
• Philippines
27 Nov
So, how is the interest? Did they tell you how much your monthly amortization is?
• Philippines
27 Nov
It's is higher than banks but at least it only take 5 minutes to get an approval. The repayment is also a good deal as I can reloan right away even after paying it.
1 person likes this
@SIMPLYD (83266)
• Philippines
27 Nov
@cherriefic That's good. Good luck on your business!
1 person likes this
@ridingbet (59621)
• Philippines
24 Nov
great. how much was loaned to you? is it more than a hundred thousand pesos?
• Philippines
27 Nov
No. Not that big as I don't need that huge amount. I only got the mininum amount they are offering. I just tested it if it really works.
1 person likes this
• Philippines
24 Nov
They didn't tell you? perhaps they want to surprise you with payment with interest.
• Philippines
24 Nov
They did provide all the terms and conditions. I'm just surprised how fast I got an approval this time.
@cahaya1983 (10038)
• Malaysia
22 Nov
5 minutes? That's a super fast approval for a loan. Did they require you to submit payslips and that kind of stuff?
• Philippines
24 Nov
Yes. Maybe because I already had my loan application to them before. They already have my details. I just changed from employment to business.
1 person likes this
@LeaPea2417 (22073)
• Toccoa, Georgia
21 Nov
That is neat. What kind of business do you own and run?
• Philippines
22 Nov
I own a food processing company.
1 person likes this
@Corbin5 (116499)
• United States
21 Nov
I am sure that loan will come in handy. Glad it worked out well for you.
• Philippines
22 Nov
Yes. I just tried it not knowing it will get approved this time.
1 person likes this