Zues Capital - Consumers Loan
- Vehicle, Land and Property
- Asset such as gold, rolex and jewelery
- Industrial machineries
- Stock on hold
- Expire Loan
- Show Money
First Zues Capital Lending Corporation works tirelessly to provide consumers, corporations and institutions with a broad range of financial products and services. We strive to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible.
Zues Capital Management
As you have probably realized, qualifying for a loan in the Philippines can be difficult.
The old adage applies: "banks only approve loans for people that don't need them!"
Banks are certainly "conservative", but some are more conservative than others. Banks can be more aggressive when the loan is backed by "collateral", or you also specify a "co-borrower" with good credit standing that will pay your loan in the event that you cannot.
For car loans and home loans, the collateral is the car or home itself, thus banks can be more aggressive.
For personal loans, the bank takes on more risk, so the rates are typically higher. In this case the screening process is more intensive.
Here are some basic rules to qualify:
The fundamental requirement is to prove steady income. You must work at the same company for at least one year, and some banks require longer periods.
If you do not have steady income, you will need to apply with a "co-borrower", and your combined income will determine how much money the bank will qualify you for.
If you do have steady income and are married, your spouse will almost always automatically become the co-borrower.
Some banks in the Philippines will run promotions stating "no co-borrower required", but that is not the norm.
In addition to the application asking for your personal information, work history, address history, education and income, you will need the following information as well for the bank.
If you meet all the high level requirements, you might still be denied. The main reason is that banks will look into your credit history.
You will be denied if they see you have any court cases pending, or other credit-related issues reported in the past.
Some are more lenient than others, but many will simply deny you if they see any history what-so-ever.
The loan rates in the Philippines vary greatly from one bank to the next, which is where we can help you out.
This is especially true with cars, the rates can change based on the year, make, model, and terms chosen.
This is one of the main features of the Zues Capital website; you can compare the resulting monthly payments based on all of these variables.
We'll also guide you on all the other differences that you'll need to know.