What Is a Short-Term Loan Philippines?


Short term loan Philippines is a kind of loan that is payable in a short period of time, usually not more than three months. Many companies offer this because banks do not do so. The most common ways to avail of short-term loan are:

  • Loan sharks
  • Online facilities
  • Pawnshops

Loan sharks are mostly present in public markets. They will loan money to vendors who need to buy products that they can sell. Loan sharking in the Philippines is illegal, but they have a presence in the country because many people are unbanked.

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Loans Philippines Asked question December 6, 2022