New Year is an occasion when people increase their personal spending for shopping, entertainment, home renovation or realizing new business plans for the following year. If you are in need of extra finance for spending and shopping on this occasion, you may look for some fast approval online loans to get money on the same day.
The entertainment activities at the beginning of the year are one of the reasons to boost people’s spending at the beginning of the year in the Philippines. Music shows, festivals or New Year countdown shows are popular entertainment activities. People often travel on this occasion, which requires an amount of money, whether traveling domestically or abroad.
As the new year comes, many people start planning their business. It could be starting a new business, improving facilities or expanding the area. The cost of your business activities at the beginning of the year can be up to ₱20,000.
During an important and special holiday like the New Year, people often spend a lot of money to buy new appliances, new equipment, renew home appliances, decorate and renovate the house. Necessities such as clothes and food also increase spending in the new year. Moreover, you also spend money to prepare New Year’s gifts for your family, friends, managers, partners and customers, etc. You need to prepare a source of money in advance to cover these expenses if you do not want to fall into financial pressure when spending too much at once.
Common cases where you need to spend money when the new year comes
Many people are still hesitant about borrowing money at the beginning of the year because they do not want to incur a debt in the new year. However, the beginning of the year is the time when you can shop for everything at cheap prices, because many brands and manufacturers will offer discounts and promotions. If you shop at the right occasion, you can buy more with more savings.
If you are operating a business, the beginning of the year will be a golden time for you to attract customers, increase sales and profits by offering more incentives, refurbishing facilities. You should also prepare New Year gifts for your customers or partners to thank them for their help over the past year, that strengthens the relationship with your customers.
Should I borrow money at the beginning of the year?
If you need some money, don't be afraid to borrow money at the beginning of the year. However, make sure you use the loan for the right purpose and have a reasonable repayment plan.
You can get a quick cash loan online in the Philippines at any place that offers this service, maybe a bank or a financial institution. To get a quick cash loan online in the Philippines, obviously you must be a Filipino citizen aged 22 or older and living here. When applying for a loan, you must provide your bank or financial institution with your ID (otherwise, you can replace it with SSS, UMID, TIN, driver’s license, passport). Normally, banks will ask you to prove your finances, while financial institutions only require you to ensure that you have a stable job and source of income. The registration information at a bank is often more cumbersome, while you only need to provide all the necessary personal information, along with a phone number and active bank account number when carrying out transactions at a financial institution.
Therefore, recently, quick online cash loans in the Philippines through financial institutions have become increasingly popular. Among the current institutions, MoneyCat gains the trust and appreciation from the Filipinos because the loans always optimize the interests of the borrowers and help effectively solve their financial difficulties.
Get quick online cash loans in the Philippines at MoneyCat
At MoneyCat, you may get a quick cash loan online with a loan limit of up to PHP 20,000, which is sufficient for you to spend on shopping or funding for your business at the beginning of the year. You will have a flexible payment time from 07 to 28 days. We also guarantee to be open and transparent about the interest rates and other costs of the loans. If this is your first time getting a quick cash loan online in the Philippines at MoneyCat, the loan interest rate will be 0%.
In addition, the registration procedure and disbursement time are highly appreciated by users. MoneyCat shortens and simplifies the loan application process than that of a bank. The approval time is only about 5 minutes and disbursement time is within 24 hours.
New year is the time when you will have to raise your spending for shopping and realizing your own plans. However, you should control your spending so that you do not lose control and avoid financial loss at the end of the holiday. If you have any financial difficulties or need a quick online cash loan in the Philippines for the new year, please contact MoneyCat.
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