Online Cash Loans: When to Ask Help?

There are times when you cannot pay by cash all the things you need in life. That is why people have to borrow if they need to pay bills, children’s education, house and car repairs, additional business capital, and many more. Fortunately, there are online cash lenders who are willing to extend loans to Filipinos who cannot borrow on traditional banks due to lack or poor credit standing. These online cash lenders provide loans to millions of Filipinos by requiring only minimal documents such as a valid ID and payslip.

This does not mean that you apply for a loan and use it in anything that strikes your fancy. In these uncertain times, here is how you can make good use out of your personal loan without collateral.

Bills Payment

Bills are inescapable and should be paid on time. Since you consume it every month, utility providers have the right to demand payment. The moratorium on payments was already lifted so do not expect any postponement or extension of payments. The solution is you can avail of online cash providers like Robocash so you can pay your bills on time.

Buying Necessities

Apart from the payment of bills, food, and household supplies are one of our basic necessities. Because of the pandemic, many Filipinos either lost their jobs or have little income which made them unable to provide properly for their families. This is the time to apply for an online cash loan to tide you over as you search for an additional source of income.         

Medical Expenses

Becoming sick is one of the unexpected situations that can drain the family’s coffer. Granted that you have medical insurance, it won’t cover all your expenses. When your income or savings is not enough to pay for your hospital bills, borrowing from an online cash provider will help you in the meantime.

Home Repairs

You cannot postpone repairing a leaky roof or damaged plumbing, especially during the monsoon season. When you need immediate cash, an online loan is the perfect answer for this particular situation.

Car Repair

Aside from your house, your car needs proper maintenance. Buying a new set of tires could put a big dent in your budget but delaying it and other repairs is not a good idea. Having a road-worthy car is a must so apply for an online loan for your peace of mind and safety. 

Start of Home-Based Business

Having an additional income means increased buying capacity. Apart from having a regular job, it pays to have other sources of income. When you start a home-based business, you need capital to buy your merchandise which includes packaging and other incidentals. Everything must be prepared before you set in motion your online business. Apply for an online cash loan in case you need capital for your enterprise.

Additional Working Capital

Now that your business is growing and needs expansion, you might require additional capital for new stocks in order to fulfill the increasing demands of your customers or you need to pay a part-time worker to help you out. If the profits you earned from your business is not enough, then apply for an online loan to keep your business growing. 

Tuition Fee

Tuition fees for online schooling did not decrease just because it is held at home. If you need additional cash to pay your children’s tuition fees, apply for a loan as soon as possible. Online cash lenders offer loans for educational purposes. 

Work-From-Home Or Online School Essentials  

Online school essentials such as laptops, tablets, and other school supplies are expensive so you must have funds for that. If you work from home, you also need implements such as cutters, carpentry or gardening tools, and other gadgets. These are necessities that you must buy in order to function properly through this new normal. So, apply for a loan if you need the funds.

How can I avail a loan?

It’s easy to avail a loan from Robocash. You can apply anytime and anywhere. If you are a Filipino citizen, 21 to 70 years of age, have a valid government ID, an active mobile phone number, and you have registered on the Robocash website, then you are qualified to apply for a cash loan. Just present 1 government ID, you can add supporting documents like pay slip, ITR, or DTI if you are a businessperson. If you are a repeat borrower, you don’t need to present any requirements unless, for further validation, you can be automatically approved. Furthermore, repeat borrowers can avail of installment loan once you paid your first loan in full. For first time borrowers, you may be approved for a maximum of 15 days. For repeat borrowers, you  can borrow for up to 30 days. You can borrow a minimum of Php 1,000 to a maximum of Php 25,000. If you need money for emergency expenses, you can borrow from official website.  You may apply online through the website, mobile application that can be downloaded at Google Playstore, or apply at Robocash branch locations. Just remember that a loan must be returned on time and this method must be used only in extreme cases.

Author: Joel Ramos

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