Tuesday, January 19, 2021

Tala: Recommended Loan App 2021

Tala: Recommended Loan App

Since the moment my husband and I knew of the existence of loan apps, we also checked other loan apps to see if they are offering the same benefits as Tala.

To our dismay, we found that other loan apps are requiring so many documents and even requiring personal references, either an employer, coworker, or friend.

Who would want to trouble your friends or employers, right? Most importantly, you would not want to let other people know you're borrowing money.

Though I really have not borrowed from other loan apps, I found out that Tala is still the best when it comes to loan approval, requirements, interest rate, and service fee.

Tala is recommended not just by me but even by other users or borrowers.

Why Tala Is The Best Loan App In The Philippines

Here are the reasons why Tala is the best loan app since its foundation in 2011.

1. Lowest Interest Rate and Service Fee

As a borrower, the first thing I would be considering when borrowing money is the interest rate and service fee. I have to make sure that it's reasonable if not the lowest rate. 

With Tala, you only get a 15% interest rate for 30 days payment term with service fee not more than 3% of the loaned amount.

So, if I were to borrow PHP2,500 from Tala, I would be paying PHP2,875 only after 30 days. That condition for me is reasonable than getting just 50% of the loaned amount from other loan apps.

2. Reasonable Payment Terms

Tala's payment term may not be longer than borrowing in banks, but it's way better than repaying a loan in just 7-14 days and getting only 50% of the borrowed amount with other loan apps.

3. Fast Approval

With regards to loan approval, Tala is by far the fastest among the loan apps I have tried.

Though I have not really borrowed from other apps due to the payment terms and interest rate, I did try to apply for a loan.

Thus, I can tell if they approve faster or not. As with my experience with Tala, it only takes minutes to be able to apply and claim my loan.

4. Fewer Requirements

One of the things that stop us from getting what we want is the number of requirements to submit.

But with Tala, you only need a smartphone, a government ID, and an internet connection to be able to borrow money.

You don't have to submit more documents like a certificate of employment, payslip, and proof of billing.

5. Easy User Interface

What I like most about Tala apart from its interest rate is its friendly user interface.

I find it simple, clean, and easy-to-use. For me, the interface is just right, especially for those non-techy borrowers.

6. Multiple Payment Options

What's the use of getting loan approval and accepting the interest rate and payment terms if you can only claim the borrowed amount through the bank? It's definitely useless and not practical for those who do not have a bank account. 

Good for Tala as they offer multiple payment options for cash-pickup and repayment.

Aside from bank options, they also partnered with known payment centers like Cebuana Lhuillier, M Lhuillier, and Palawan Express.

Tala is indeed recommended by me and my husband. Whenever we need instant cash for medical expenses or for personal use, Tala is absolutely our partner. 

You may get the Tala app here!

If you have questions regarding the Tala loan app, you may use the comments section below and we will try to get to you as soon as possible.

Thursday, January 7, 2021

10 Sure Ways To Build A Passive Income

10 sure ways to build a passive income

Gone are the days when the husband is the sole provider of the family. Gone are the days when people rely on one source of income.

As technology evolves, people become wiser and more practical.

People continue to look for ways to earn additional income to sustain their family’s needs --- and even wants.

If you've been looking for a business or passive income ideas, here are 10 ways to build passive income over time with little to no effort at all.

1. Affiliate marketing

Most businesses nowadays have already ventured into affiliate marketing strategy to bring in more customers and drive more sales, so there is a great potential that you could earn big from being an affiliate marketer where you refer the business to another person, may it be through personal approach, by email, through social media, or through websites and blogs.

2. Dividend-paying investments

I don’t specifically know other types of investment that pay dividends but I actually have one called common shares with First Community Cooperative that pays dividend every year aside from my regular savings account that pays 2% interest annually. I think it is also a good source of passive income and probably one of the secrets of other people why they are able to live on their dreams.

3. Sell eBooks

Another way to earn a passive income is by selling eBooks. This has been one of the techniques utilized by blog owners, podcasters, and coaches. They then list their eBooks on their own websites, on Amazon, or on eBay.

4. Make Youtube videos

You probably know many YouTubers or Vloggers out there flexing about their income from Youtube. Well, they have good reason to do so as they’re really earning big with thousand to millions of views on their videos.

You, too, could earn from Youtube with your videos. Just select what topic you would want to make a video with and upload them on Youtube. Once you’ve gained enough numbers of views and subscribers, you can then apply to Google Adsense to display ads on your videos.

5. Make a blog

If you love writing, then, making a blog is perfect for you. You don’t even have to worry about the website to host your blog as there are a lot of blogging platforms out there. You also don’t have to know about web designing as most blogging platforms have a website builder and offer free templates for you to use on your blog.

All you really have to remember when creating a blog is to write compelling and useful content to the readers so they keep on coming back to your blog and eventually bring valuable traffic.

You could write about your hobbies, your lifestyle, your travels, and anything you know about. For a start, you can make a blog in Blogger, WordPress, Wix, or GoDaddy. You can then monetize your blog with Google Adsense and other affiliate programs.

6. Rent out your properties or anything valuable

May it be a bed space, a room, an apartment, or a car, you can earn limitless income from renting out your property. You could make a local ad regarding your properties for rent or you could go list your home in Airbnb to attract international clients who are looking for a place to stay during their travels.

Also if you have bought your own wedding gowns, suits and accessories, you could also have them rented out just like what I did.

7. Sell photos online

If you love taking photos, then, selling photos online could be a great way to earn additional income out of your hobby. There are numerous websites that allow photographers and hobbyists to sell their photos at a reasonable price like Shutterstock, Pexels, and Pixabay. It’s high time you scan your camera’s gallery and see if you could find marketable photos there.

8. Invest in vending machines

If there is one thing I would be investing in the future, then, it is with vending machines. I have been actually toying with this idea and have been discussing with my husband why we should be investing in this type of business.

What I really like about vending machines is that they just operate on their own without having to install a person in the area. The income may not be as big as other businesses, but it could surely help you out in times of emergency.

9. Take advantage of cashback and rewards

I have been hearing and reading about cashback and rewards from big businesses and even tried twice with Gcash and Lazada but I really haven’t recognized their advantages until recently. 

I just realized that taking advantage of this cashback and rewards can actually give you a passive income. If you shop online, have bills to pay, dine with high-end restaurants, then, it’s high time you get cashback and rewards either through a rewards card or through an app. Not only that, but you could also use the referral system of these big businesses to earn instant cash.

There are also some apps that reward you for doing tasks like viewing videos, reading articles, and playing games. The rewards could be in a form of points, bitcoins, satoshis, or real money.

10. Install money-making mobile apps

Do you know that there are a lot of money-making apps you can install to build a passive income? From game apps to video and news apps, you have a lot of options to choose from depending on your interests and hobbies.

Check here the list of money-making apps that pay you instantly through Coins.ph or GCash.

There are actually a lot of ways to build a passive income and eventually earn additional earnings for your family. You really just have to look around you and see what you could possibly do.