When I am in the stage of helping my parents from freeing them with their loans from those lenders who are charging them a usurious interest of 20% per 100 days loan I admit I came to know almost all the banks available to answer my needs. I am dealing with a huge outstanding loan balance but I am positive of getting the financial help I need from these banks.Among the loan I was fortunate to get an approval was this PS Bank Money Card Personal Loan. It does not involve any agent to help me out with the application and processing. I do it all by myself and for me it is not that hard because attached in the application form are requirements I need to submit. Although the application form is quite hard to fill up because I need to state our Statement of Assets and Liabilities: cost of living room, appliances, bedroom, properties, etc.
To cut the story short we got approved. What I liked best in this personal loan is that it gives the borrower flexibilities in terms of availment and payment. The approved amount of the loan will be credited on the Money Card and we are entitled to withdraw amount up to the said limit in full or partial. We will only be billed on the amount we avail of and only 5% of that will be considered as the "Minimum Amount Due" but we have the option to pay it in full. Every payment will form part of the available balance again. This is a loan similar to a credit card function.
Right now, we still have maintaining this account and we are happy with the benefits we get from it.