6 Tips to Improve Your Chances of Loan Approval

     A bank loan offers a quick solution to financial deficits. The money from a loan can be used to fulfill emergency financial needs, start and grow a business, or acquire and improve property. 

     Take note that a borrower can only apply for a bank loan in the Philippines; it’s completely up to the bank or lender to decide if a borrower can get a loan or not. That’s not to say, however, that borrowers can’t build their case. There are still steps that you can take to make it seem like it is to everyone’s advantage if the bank grants your application. This, in turn, will give you a better chance of getting approval. If you’re planning on applying for a loan from a bank, here are some of the things that you can do to maximize the possibility of eliciting a favorable response.

6 Tips to Improve Your Chances of Loan Approval
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BDO Life Transforms What Ifs from Challenges to Opportunities

     Life is full of “what if” moments—crossroads and decisions that help us fulfill our dreams and realize what we set out to achieve. Each “what if” moment presents us with two possibilities, that which is desirable or that which is undesirable. Our subsequent decisions and actions direct the course of our lives moving forward. Therefore, whenever we face a “what if” moment, are we ready and prepared to make the right moves? One expert who advocates the necessity of financial protection for “what if” moments is Mr. Renato A. Vergel de Dios, President and CEO of BDO Life Assurance Company, Inc. He explains how we can make “what if” moments work to our advantage with the correct mindset.

     “When we are faced with a ‘what if’ moment, we are also confronted with potential benefits and risks. The most reasonable course of action is to make a decision that maximizes the potential benefits and minimizes the potential risks,” he says. Vergel de Dios points out that the entire country experienced a crucial “what if” moment when the pandemic struck. “On top of dealing with our own survival, we also have to help others. Taking an ‘every-man-for-himself’ attitude is unacceptable. We are all in this together. As they say, ‘we must heal as one,’” he says.

BDO Life Transforms What Ifs from Challenges to Opportunities
Mr. Renato A. Vergel de Dios, President, and CEO of BDO Life Assurance Company, Inc.

RCBC Savings Bank Consumer Loans- MyWHEELS Auto Loan

     Hello dearies! I'm sharing this news from RCBC because I'm also planning to buy a new car before the year ends. There are so many factors to consider in buying a new car and if the issue is your budget, fret not because RCBC is here to help.

     Buying your dream car is indeed a major milestone. It is after all, an investment that brings both comfort and convenience – especially in today’s urban jungle where having a car is more efficient. Whether it’s a sedan, SUV, or a hatchback – there will always be a car for everyone. 

RCBC Savings Bank Consumer Loans-  MyWHEELS Auto Loan

RCBC New Logo and Tagline Launch

     A stable financial institution is what we need to help us manage our hard earned money that's why we are always in search of a bank where we will give our loyalty and trust. With issues here and there concerning some of the biggest financial institutions in our country in the past months, the Filipinos are more diligent in choosing a bank that will cater to all financial needs.

     Just recently, Rizal Commercial Bank Corporation (RCBC) unveiled their new corporate logo and tagline “We believe in you,” which signals the start of a new era of providing excellent and trusted banking services for Filipinos. The launch gave us an idea of what RCBC has to offer not only to past clientele but to the millennials as well. More information below.

RCBC New Logo and Tagline Launch

RCBC Savings Bank Save Up & Fly Promo

     Where is your ultimate dream destination? I guess, its Europe! Some of my friends have been there before and the feeling is always surreal. If visiting Europe and their neighboring countries is on your travel bucket list, I have great news. RSB is making your #travelgoals come true :)

     Just recently, RCBC Savings Bank launched their Save Up & Fly Promo. The grand prize at stake is an all-expense paid trip for two to Europe for 7D6N in a 4 star hotel covering Spain, France and Italy where the lucky winner will also be awarded with a P50,000 pocket money. Are you excited? Can I hear a resounding YES?! More details below :)

RCBC Savings Bank Save Up & Fly Promo