Interest rate is at 1. Types of Personal Loan. There are two major types of loan in the Philippines - secured and unsecured loan. A secured loan requires the borrower to have some sort of collateral as payment security for loan lenders. In the event that the borrower fails to pay the loan amount, lenders will take the asset and use it as a payment for the loaned money. On the other hand, an unsecured loan refers to a Personal Loan without collateral, but this often comes with a higher interest rate.
It is considered higher risk since it doesnt have any form of security (aka the aforementioned collateral).
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Box 720 Belcourt, ND 58316. We understand that sometimes you may need to change your payment schedule or payment amount. Just call or email us at least 2 business days before your next payment is due and a Relationship Manager will work with you. To get help with your loan, send us an email at helpspotloan.
com or call (888) 681-6811. Working with Spotloan.