PHILIPPINES LOAN WITH NO JOB CREDIT FACILITY FOR UNEMPLOYED FILIPINO WITHOUT SALARY SLIP WITH NO PAYSLIP
In the Philippines, a loan without a job is composed by particular financing instruments accessible through specific Filipino financing institutions to provide with funds to unemployed Filipinos.
In the Philippines, a loan with no job is dedicated to help people to have access to financing despite their unemployment and because of the reluctance of Filipino banks to approve funding without salary slip or payslip, nor prrof of income.
In the Philippines, a loan for unemployed is generally not dedicated to be used like a personal loan to satisfy consumers need nor debt consolidation but rather to contribute to the social inclusion of the borrower.
In The Philippines, a loan without job can be also needed from a person who has a business idea and cannot obtain any funds from a classical bank, knowing that the banks are very severe when it comes to approving a credit especially if the person is unemployed or doesn’t have a stable income or has a poor financial history.
In Philippines, a credit facility for a Filipino borrower without job can be obtained by exploiting the following financing products:
The peer-to-peer or P2P loan.
The crowdfunding with or without reward.
The collateral loans secured through a property.
The microcredit in the context of microfinance.
The pawn shop loan.
The payday loan.
The car title loan or SANGLA OR/CR.