Want to buy those expensive soccer match tickets, want to spend holidays in a better Hotel, want yourself that favourite brand’s car or bike, want your son or daughter to study in their dream college or school or you just want your father to get cured of that disease by going through that expensive surgery. But there is always just one thing which stops you from doing all this, and that is money, your current pay or current savings are not allowing you to have them.
To all the people around money has always been a problem in achieving something whether it be a necessity or something about the luxury of life and to solve this problem, there is Asteria to help you with this. You can easily solve your financial fall down or a medical emergency or buy what you have dreamt of by taking a personal loan from Asteria and here this article is to explain to you five reasons why you must avail of a personal loan from Asteria.
What exactly is a Personal Loan?
A personal loan is basically in a very simple language, is borrowing money from a financial institution or bank like Asteria who lend you a particular amount of money for a particular time interval considering your employment history, your profession, repayment capacity that you possess, income level, credit history and to an extent it is that same kind of borrowing of money from a friend just that here it is more official. You can pay them back in monthly or yearly instalments along with some interest that they charge for providing you with this money for that long interval and then allowing you to not pay the whole amount in one go but to pay back in instalments which takes off a lot of the stress.
Why choose a Personal Loan over other types of loans?
The basic reason why Personal Loan is always considered to be better than a Business Loan, Educational Loan, Car Loan and many other different types of loan is the purpose which it fulfils as in using a Business Loan you are obliged to use that loan in your business only, getting an education loan you can only put that in use for your education and the bank also makes sure that use it for the said purpose. But this is not the case with personal loans where the bank just credits the amount to your bank account, and it is up to you how you spend it and where you spend it.
5 reasons why you must avail a personal loan from Asteria
The following are five benefits that you should surely not miss out if you are thinking of taking a personal loan because Asteria provides you with some great features and deals which are meant really to help you.
- Faster Process
Asteria provides your loan in just four simple steps and within 24 hours if you are done with all your required documents and what happens with other institutions providing loans is that they have a long and a complex procedure and sometimes it even takes you a month or so to finally get yourself a loan. So, Aster’s fast process is one great advantage, and it seems that they are willing to lend you money. Following is the crisp and simple procedure f getting a personal loan from Asteria.
- Fill out the personal loan application form, which takes not more than 3 minutes.
- Wait for getting approval from Asteria, and it takes them a maximum of 24 hours for that.
- Get your money instantly directly into your bank account.
- Best Rates
They have the best rates and minimal charges among all others, which is about 0.9% per day, much lower than other options you can access in the market.
- Fewer Requirements
They do not require a lot of documents and several conditions to be fulfilled by the applicant, and so the applicant just needs to think about these things:
- The applicant must be a citizen of the Philippines.
- He/She must own a personal bank account.
- He/She must have a valid ID such as – UMID, New TIN ID, New PhilHealth ID, or the Driver’s License.
- He/She must be 21-60 years old.
- The applicant must have a minimum salary of 10,000 PHP per month.
- Fulfilling every purpose
As discussed above, in case of a personal loan, the bank has no role in asking you where only you can put this lent money into use. They are pretty much flexible as to the use of the lent money.
- Decide the Tenure
Sometimes you just need money for a shorter period because you are sure that you will be able to repay it soon and so in that case you should not be paying more interest by borrowing for a longer period and hence with Asteria you can choose your tenure.
Another important thing which makes a Personal Loan from Asteria a better option is that in case of a personal loan you just don’t need to give the bank anything as security or collateral, but certainly this is not the case with other types of loans where it becomes a necessity to have something as a security to the bank.