To find out which of the methods of taking an easy loan is better, let’s compare them. Among the banks’ advantages are:
- each bank complies to banking regulations;
- each bank is regulated by the independent authorities;
- you can take a larger loan amount at the bank.
Let’s check the disadvantages:
- the stricter process of easy loan approval;
- the term of verifying your application is longer;
- more documents needed;
- small and short-term loans are hard to get.
Note also that in a bank it’s more difficult to take an easy loan for unemployed in the Philippines.