Just got approved for a loan after a week of stress

Last week, I suddenly needed ₱10,000 because my sister's tuition fee was due, and my parents were short on cash. I knew I had to act fast, so I tried applying for a loan at a local bank. I thought it would be easy, but boy, was I wrong. They rejected my application, saying I didn't have a stable income to qualify for the loan. I was worried and stressed, thinking about how I would come up with the money in such a short time.

I tried another bank, but they offered a loan with a ridiculously high interest rate of 3% per month. I knew I couldn't afford that, so I had to keep looking. I felt frustrated, like I was running out of options. A few days ago, I was browsing online, trying to find alternative solutions, when I stumbled upon an article about loans for first-time borrowers in the Philippines - you can check it out here: https://www.creditkaagapay.com/blog/loan-for-first-time-borrower-philippines-your-practical-guide/.

I learned that government institutions like SSS and Pag-IBIG offer loans with lower interest rates and easier qualification. I also discovered that digital lenders like CIMB can be convenient, but you have to be careful and check their SEC registration. I found this while searching online, and it led me to a website https://www.creditkaagapay.com/ that provided a lot of helpful information about loans and lenders in the Philippines.

After doing some research, I decided to try applying for a loan at SSS. I gathered all the required documents, including my valid IDs, proof of income, and proof of billing. I was a bit confused about the process, but the staff at SSS were helpful and guided me through it. A few days later, I received an email saying my loan was approved for ₱8,000, which was still short of what I needed, but it was better than nothing.

I was relieved, knowing that I could now pay for my sister's tuition fee. I still needed ₱2,000, so I had to borrow from a friend. It wasn't the best solution, but it was better than not being able to pay the fee at all. Looking back, I realized that I should have done my research earlier and not waited until the last minute to apply for a loan.

I'm just sharing my experience in case it helps someone who's going through the same thing. Don't be like me, stressing out at the last minute - do your research, prepare your documents, and apply for a loan as early as possible. And don't forget to check out the article I mentioned earlier, it's really helpful: https://www.creditkaagapay.com/blog/loan-for-first-time-borrower-philippines-your-practical-guide/. Just sharing in case this helps someone.