When should loaning be okay?
By: Jeanne Arieta
They say that one should avoid having debts and loans, so that one won’t have to carry it on their burial. However, reality and practically speaking, not all of us are privileged enough to buy our needs. Some of us have to resort to borrowing in order to meet our goals. Hence, the question is: when should borrowing be considered okay?

1. If you only borrow what you can repay
At first, it may seem so easy to pay for your credit. However, if the due is already near, panic attack follows - it is not as easy as you thought it would be. Always remember to check and balance your accounts and accounts payable. With this, you should only borrow what is within your means.

2. If you look for better interest rates
Your interest rate should not be bigger than your borrowed amount. Definitely it is better to borrow cash funds from a lending company that offers 0% interest rate like that of some credit cards and non-bank companies like Kayamo.

3. If you use your borrowed amount wisely
Do not splurge your cash funds to unnecessary stuff and personal wants. If you are a seller be it online or offline, it is better to invest your cash funding into something profitable. However, make sure that the interest rate is lower than your net income.

If you think you qualify to the aforementioned conditions above, then you may sign in to the most affordable cash funding in the Philippines at www.kayamo.ph.