LoanSolutions: Things You Need To Know First Before Loan Application

What are the things you need to know about LoanSolutions?

LOANSOLUTIONS – Check out basic yet important requirements from the eligibility to the products and details before applying to LoanSolutions.

ELIGIBILITY:

APPLICATION:

Go to website www.loansolutions.ph
Select loan category, fill out necessary information needed, submit
Systems will then search for a lender that will match your application, and once found, your application will be sent to them
Once lender receives your application, lender will contact you for verification and collecting of documents for credit assessment and background checking
There might be additional documents to be required
Lender will contact you once loan is approved
Once agreed upon, you will visit the office for signing of release papers
Payment method will be through PDC or post-dated cheques which you will need to issue before loan release

BASIC LOAN REQUIREMENTS:

If Employed:

latest 3-month payslips
ITR
Certification of employment
Note: COE must indicate gross monthly income, date you started working with the company and the position held.

If Self-employed:

latest 3-month bank statements
Audited Financial Statement for the past 2 years ITR (1701 for Sole Proprietors; 1702 for Corporations) DTI Registration Mayor’s Permit

If Land-based OFW:

Documented Source of Income
Contract with POEA validation/Info Sheet (for balik-mangagawa)
E-receipt
Passport
Working Visa
Plane Ticket
Marriage contract, if married or Birth Certificate, if single
Remittance Slip
Co-borrower with regular income must submit basic documentary and income requirements

If Sea-based OFW:

Documented Source of Income
OEC (Overseas Employment Certificate)
Passport
SRC & Seaman’s Book
Allotment Slip
Marriage contract, if married or Birth Certificate, if single
Co-borrower with regular income must submit basic documentary and income requirements

(***Other documents may be required as needed.)

PRODUCTS: