Jefanie Genilla
Although there are several misconceptions about borrowing money, getting a loan is actually one of the ways to acquire assets and improve your quality of life. If this catches your attention, take time to read this post to know how to leverage specific types of loan to acquire assets, prepare for the future and have income-generating properties.
Not sure yet what type of loan solution that suits your needs? Then, don’t sign any contract just yet. Feel free to contact our authorized loan consultants here at Loansolutions PH to help you weigh your options, identify your needs and look into your capacity to pay.
Yes, there are misconceptions about loans – that it can bury a person deep in debt. However, that’s true only to those who’re not guided to make wise financial decisions. That theory only applies to those who take out credit without a clear plan on how to use the proceeds productively, especially in a way that it will help acquire income-generating assets.
Getting a loan is actually one way of rolling your money and leveraging it to earn for you. Specifically, the following are the types of credits and the ways you can use them to acquire assets and increase your net worth:
- Student’s Loan – It’s always a good move to invest in yourself through education. But if you can’t afford it just now as a student, it’s good to take out a student loan and pursue your studies. You can pay the credit later when you have your first job.
- Personal Loan – Quick cash can be used to buy discounted and on-sale jewelries, which you can sell at a higher price. Or you can use a personal loan to pool money as down payment to buy a piece of lot.
- Housing Loan – Secure a safe and cozy place for your family by getting a reasonably priced housing loan. Remember, the values of real estate properties always show an upward trend over the years, which means these don’t depreciate easily.
- Business Loan – Start a business around the great idea you’ve had in mind for a long time now. Who knows you’ll end up earning millions from this venture.
- Auto Loan – Provide your family with a convenient and safe way to travel. A second-hand car will do. With a little tinkering, some necessary repairs and parts replacements, it will be looking new and road-worthy.
- Doctor’s Loan – Doctors actually need not wait for a couple of years to save up some cash to fund their clinic’s refurbishment and renovation. They can just get a doctor’s loan and improve their clinic’s ambience and service quality in just a few months. This is a great way to build their reputation and identity as a doctor.
- OFW Loan – Overseas Filipino Workers now has a choice, whether to work abroad or establish a business here in the country using an OFW Loan.
Not sure yet what type of loan solution that suits your needs? Then, don’t sign any contract just yet. Feel free to contact our authorized loan consultants here at Loansolutions PH to help you weigh your options, identify your needs and look into your capacity to pay. Only after careful analysis can we determine the best loan type for you. We will then facilitate your application by finding a reliable provider.
