The MoneyCat prepaid debit card is a great alternative for Filipinos who need quick cash to make their daily purchases. This debit card offers customers the convenience of paying their purchases online without the hassle of having to wait in line at a bank or other financial institution. The processing of transactions is also fast and convenient with MoneyCat’s nationwide network of financial partners.
The prepaid debit card has many benefits for any consumer in need of cash. For starters, the zero percent introductory interest rate on the first year of the agreement is an attractive feature for any Filipino consumer. Being able to secure a loan at a low interest rate makes the cost of any loan affordable to any Filipino homeowner or a tenant. And considering the current state of the economy, the Philippine economy has been badly affected by the global recession; and the government is doing whatever it can to encourage growth in the country’s economy.
To obtain a loan, all that is required is a complete and thorough submission of the applicant’s personal and credit history to the concerned bank. Upon submission, the applicant must also sign and follow a simple but comprehensive registration form. The registration form for the MoneyCat prepaid debit card is easy to complete. It does not require an elaborate identification process nor does it ask for sensitive personal information. All that the applicant needs to do is provide his valid passport and a valid resident visa in order to be able to register at the nearest branch of MoneyCat. The only thing required of the applicant is to provide his bank account within the Philippines and an identification card that will serve as proof of his identity.
Even with bad credit, getting approval for a loan process through the MoneyCat program is still possible. Aside from the low interest rate, the fact that the whole process is completed online mmloan online lending leaves little room for human errors. The automated system makes it a lot easier for financial institutions to determine if the applicant is indeed qualified for a payday advance or not. This is because it is very difficult for a person who has bad credit to determine if they have good credit standing when applying for services through the Internet.
One of the reasons why the World Wide has become so popular among consumers in the country and abroad is due to the availability of various products and services at an affordable price. This is the same reason why Filipinos are now banking through the Internet. They want to be able to make use of their hard-earned money without having to worry about incurring expensive banking fees. Aside from the low interest rate, the convenience of availing loans from the MoneyCat website is one of the primary reasons why so many people are hooked onto the system.
In order to get the best possible deal, it would be best if borrowers will be aware of the requirements needed to apply for a money transfer and set out their expectations accordingly. For example, if they want to avail of the fast cash option that can come in handy during their emergencies, it will be ideal if they will fill up an application form with the information regarding their income, monthly and annual expenses, and other relevant information. The application form can also include bank statements, a few utility bills, and the name of the account holder. The processing of the form usually takes three working days.
Applicants need to remember that there are two types of payment options that they can choose to make when applying for a Payday Loan in Philippines, namely the fixed-rate and the flexible-rate remittance plan. If the applicant has a good credit rating, he/she can go for the fixed-rate remittance plan, which has a relatively higher initial payment but comes with a fixed interest rate. On the other hand, if the person has a poor credit rating, a person will only be eligible for the flexible-rate loan term.
Aside from the fixed-rate and the flexible-rate remittance plans, there is also the first-time borrowers’ scheme. For the first time borrowers, they will only be given a first-time interest rate. It is normal for the interest rate to be a bit higher compared to what the other first-time borrowers are being offered. There are many online agents who can assist the first-time borrowers with the application forms, loan amount, and the other details that they need. Money caters its clients with professional assistance and efficient services that their requirements. To learn more about the different kinds of remortgage programs that Money Caters in the Philippines, you can log on to their website.