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Ano ito? Credit card o Personal Loan?

A personal loan in an ATM Card that has functions similar to your old credit card but charges much lesser interest rate. It’s a personal loan in an ATM card that allows 100% cash withdrawal of your approved credit line but only bills and applies interest based on actual usage and not on the whole approved credit line.

Ahhh, ang galing ah!

Ano naman ibig sabihin ng CREDIT LINE? ‘di ba dapat CREDIT LIMIT ‘yun?

A credit line is explained as follows:

The borrower may use or withdraw funds up to a pre-approved credit limit.

The amount of available credit decreases and increases as funds are borrowed and then repaid.

The credit may be used repeatedly.

The borrower makes payments based only on the amount they've actually used or withdrawn, for a very low interest rate.

The Personal Loan in an ATM Card is the only credit facility that allows the borrower an option for a REVOLVING or DEFFERED payment for each transaction or withdrawal.

WoW! OK talaga ‘yan huh! Pero teka, ano naman ‘yung REVOLVING at DEFERRED PAYMENT?

REVOLVING CREDIT is a type of credit that does not have a fixed number of payments, in contrast to installment/deferred credit. Examples of revolving credits used by consumers include credit cards. The borrower may repay over time (subject to a minimum payment requirement which is P 500 or 5% of the total amount due of the revolving loan, whichever is higher), or any amount in between or it could also be paid in full at any time. The good news about the  REVOLVING CREDIT is that the interest rate is so much lower than your credit card for only 2.5% and it is PRORATA!

In a DEFERRED PAYMENT, you have the option to pay in equal monthly payments either in 24 or 36 month for a very low monthly interest rate of only 1.75% just like the Ordinary Personal Loan!  But unlike the Ordinary Personal Loan, the Personal Loan in an ATM Card allows early pay off without pre-termination charges and even gives out Prime Rebates for ADVANCE OR EARLY PAYMENTS!

Grabbbeee! And galing talaga! Teka, ano naman ‘yung PRORATA sa REVOLVING CREDIT?

It’s simple! The interest rate charged is proportionate to the number of days lapsed upon pay off. Please see sample computation below for clearer illustration:

Amount withdrawn:                Php 10,000

Date of Withdrawal:               January 01, 2010

Cut Off Date:                           January 20, 2010

FORMULA:

Total Interest   = WITHDRAWN AMOUNT X 2.5% X NO. OF DAYS

                                                    30 DAYS

                                    = 10,000 X 2.5% X 19 DAYS

                                              30 DAYS

Total Interest   = Php 158.000 for 19 days

I lililili like it!!! Paano naman sa DEFERRED PAYMENT? Magkano ang monthly?

The Personal Loan in an ATM Card allows you to withdraw cash in installment or deferred payment for as low as P5,000! It is a powerful standby cash that allows LIQUIDITY with NO PRESSURES because you only pay for actual amount withdrawn from your Card!

Please check out the monthly AMORTIZATION TABLE BELOW for clear illustration of low monthly payments!

Ok, Ok!!! Pero tekaaah, pwede ba ‘yan i-swipe gaya ng credit card?              

Surely!!! The Personal Loan in an ATM Card could also be used as a debit card in BancNet, Megalink and Expressnet affiliated stores that fall under revolving transactions. It allows you cashless shopping which is very ideal for the chic you!!!

Aside from 24/7 cash withdrawals from thousands of ATMs nationwide, you may also use your PS Bank Flexi Card in withdrawing cash abroad via Cirrus-Maesto ATMs!!!

What’s more? Personal Loan in an ATM Card also pre-enrolls your account n PSBank Remote Banking, an Internet banking channel that allows you to perform banking transactions anytime, anywhere.

Go Go Go! Mag-aaply ako ng Personal Loan na naka ATM Card!!!

Now na!!!! Paano?

For the qualifications and requirements, please visit

www.mcloanpro.biz

Online Loan Application Accepted.

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