Guidelines On How to Avail Student Loans for Those College Students in The Philippines (Study Now, Pay Later)

Currently, Filipino students have been experiencing from unemployment due to companies will choose to hire those who finished their tertiary education.

But the usual problem is, not everybody has the means to finance their way into college.

Though tuition fees have been increasing left and right, students are becoming more and more incompetent in getting quality education from assigned institutions.

That’s why, in post, I will initiate you to different Student Loans that are accessible in our country.

First, the maximum quantity you can borrow from the bank by personal loans is P2, 000, 000.

Nevertheless, this is through ensuring that you’re receiving a monthly income of about P20, 000 with an average of three (3) children per household then you can borrow at least P180, 000 yearly for your college funds alone.

Different banks give student loan but the bank with lowest monthly payment would be Equicom personal loan and Chinatrust salary stretch loan wherein you’ll only pay about P17, 502 monthly for a loan of P180, 000.

You also have the choice of stretching your loan period in 36 months or more relying on the bank to abase your monthly fees but the hindrance is that, it will also raise your total payment.

Everybody know that loans that are calculated for paying tuition fees are extremely rare here in our country though the government is only supporting scholarship subsidy. So the only choice for an average joe would be bank offers.

There are several banks that gives a tuition fee loan but remember that these loans are various from the student loans that are offered abroad.

Below are some bank loans that you can check:

Maybank tuition fee loan
Citi education loan

Nevertheless, these loans are no dissimilar from personal loans. You’ll still reimburse for the monthly amortization and repayment period. The profit of getting these loans is that, loans like these have a lower interest rate than common personal loan and it also has a several loan fees.

Source: DepEds.Com 
Guidelines On How to Avail Student Loans for Those College Students in The Philippines (Study Now, Pay Later)  Guidelines On How to Avail Student Loans for Those College Students in The Philippines (Study Now, Pay Later) Reviewed by Admiin Artikulo on July 10, 2018 Rating: 5
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