DTI P3 Pondo sa Pagbabago Pag-Asenso Guidelines

DTI P3: Affordable Loans for Small Businesses (5K to 100K)

Posted 7 CommentsPosted in Business 101, Credit and Loans, Personal Loans, Business & Entrepreneurship, Personal Finance

Need a small loan for your business? P3 might be the business loan for you! Launched by DTI, P3 presents a viable alternative compared to loan sharks / 5-6. Lower rates, fast processing, borrow up to 100K.

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Ask Geri: True Cost of Borrowing (Part 2): Diminishing Balance Amortization

Posted Leave a commentPosted in Home Loans, Ask Geri, Auto Loan, Credit and Loans, Personal Loans, Personal Finance

Not all loan providers offer this option. But from time to time I encounter this option especially for mortgage / home loans. If Juan is presented such an option and s/he can afford the amortization using diminishing balance, s/he should go for it to save some more on interest payments.

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Ask Geri: Should I Take Out a Loan to Finance a New Business Venture?

Posted 1 CommentPosted in Business 101, Ask Geri, Credit and Loans, Personal Loans, Business & Entrepreneurship

In funding major expenses such as a home improvement or getting car, tendency is to take out a loan rather than deplete Juan’s savings. No monetary return (i.e. actual cash inflow) is expected from a much improved home or new car (except for appreciation in property value and net worth) but Juan is still willing to get a loan as long as he can pay for the amortizations. What more a business wherein there is a chance, no matter how small, of a monetary return.

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Get a Home Loan Soon(er); Loan-to-Value (LTV) and Interest Considerations

Posted 6 CommentsPosted in Economics 101, Suggested Readings, Condominium / House & Lot, Credit and Loans, Personal Loans, Economics

BSP is planning to lower and tighten the LTV cap to 60%, which means future borrowers will have to shell out higher DP at 40%. This effectively makes the target market for home loans smaller since not everyone can easily afford a 40% DP.

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Loan Solutions to Help Keep Your Business Afloat During Rough Times

Posted 2 CommentsPosted in Home Loans, Plugs, Auto Loan, Credit and Loans, Personal Loans

Not all businesses can operate with good cash flow at all times. In fact every business would experience some problems with their cash flow at some point in time. Although it can get quite challenging, cash flow problems are part and parcel of every business. Business owners just need to make sure that they find solutions to bring in cash to continue the operations.

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Where to Put My Christmas Bonus? v2

Posted 1 CommentPosted in Investments, Financial Literacy, UITF / Mutual Funds, Credit and Loans, Personal Loans, Insurance, Personal Finance

Fully or partially pre-term your loans. I know this sounds so killjoy but hey, delay of gratification is always gratifying. And think about this. Imagine the interest savings you can get by pre-terminating your loans. Or the freed up money that used to be spent on amortizations.

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