To get a Bank Loan or Not: Learn the Pros and Cons

Wednesday, October 21, 2020

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Often, we go to the bank not only to save our money but to get a loan, such as a car loan, housing loan, or even an educational loan.

Some banks give their clients credit cards with no annual fees, which is very useful during emergencies, such as buying for big household items, such as appliances.

 

But, don’t you know that banks charge higher interest for loans while they pay so little percent in interest for our saving accounts?

 

Think about it. Perhaps, banks thrive because of this scheme. Can you imagine how they make a big profit margin if they charge 12% loan interest, but they only pay a fraction of a percent in our savings account?

Or you might be thinking that paying the minimum amount due for your credit card will give you a better bargain. Think again.

 

If you plan to get a bank loan or is currently paying your monthly amortization, here are some of the things you should know before deciding on financing your next project.


 

ADVANTAGES OF BANK LOAN

 

1. There are banks in every corner, making it easier to select the best credit offer;

 

2. You can choose the most affordable repayment terms according to your monthly budget; 

 

3. If you have a credit line, you can get a loan without the hassle of documentation.

 

DISADVANTAGES OF BANK LOAN

 

1. Most banks require loan borrowers to provide collateral for their loans. In case of default, the bank will get the collateral and dispose of the property to cover for the unpaid portion of the loan;

 

2. Delinquent payor will have a negative credit standing, and obtaining a bank loan in the future is difficult;


3. Banks are strict when approving loan applications. Aside from the submission of loan documents, they also investigate your credit history;

 

4. Bank loans have higher interest rates and fees, especially for long-term obligations.


Related Post:  The Benefits of Online Bill Payment

 

Final Thoughts

 

When you get a loan, you pay for the privilege in the form of interest and fees. And the costs can turn out to be higher than you expect. 

 

If you miss paying the amortization, the bank will charge you for the late payment fees, and worst, if you are in default, your property will be taken over by the bank, and you will have a negative credit rating.

 

If you have the means, self-financing is the most practical alternative. Besides getting rid of the high interest and fees, you can sleep soundly at night knowing that you don’t have to think of some bank obligations.

 

 

 

 

 



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Dr. Paolo Bellosillo: Complying the Hippocratic Oath Amidst the Pandemic

Tuesday, October 6, 2020

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When the pandemic happened, a lot of things changed. The way people interact with each other, the way business is done, the way we travel, lead our lives, and even who we can see and when we can go out; all of these have changed.

The one thing that did not change is Doc Pao’s desire to do good to people. When everyone stayed home in fear of the virus, Dr. Paolo Bellosillo was out and about ensuring that he is able to help people with the use of all the knowledge that he has gained over the years in his field of medicine. 

Even though it was a struggle gettingin and off PPEs, staying in one due to the heat, and making sure that no virus seeps in, Doc Pao forged on.

Doc Pao is an International Fellow Doctor Of Integrative Medicine as well as Diplomate Of Whole Medical Systems with Post Graduate studies in anti-aging medicine. He also has an Advance Certification in Bioidentical Hormone Therapy and Cardio-Metabolic Medicine Plus Board in Homeland Security.  

He used all that he learned from these in handling the health of around 250 mixes of law enforcement, military, and civilian patients by way of constant monitoring and providing them with the right doctor care and nutrition.

Through the use of cellular medicine, Doc Pao has also helped numerous patients overcome diseases. Through allopathic, naturopathic, homeopathic, and ayurvedic means, he is able to find the right balance to help his patient not only heal from their sickness but also learn how to have a healthier lifestyle to have a better quality of life.

Doc ao recommends remaining mobile and exercising during these times aside from eating your vegetables and fruits. He says that though tempting to stay up all night, it’s best to still get a full night’s sleep as it heals the body and recharges you to have more energy throughout the day. Doc Pao believes that when people take care of their bodies, they have a better chance of being healthy and remaining active.

One of the most humbling experiences that Doc Pao experienced recently was taking care of a family of 8 whose age groups were extreme and had varying medical needs. 

Helping them win their battle against COVID without getting intubated through the help of a multidisciplinary team of HCWs from ICU nurses, IV nurses, med techs for serum lab and molecular lab tests while giving proper care through Multi Holistic modalities including IV therapy and implementing cellular nutrition protocols and Monitoring via compact equipment, home-based especially when hospitals were full was one of the most challenging yet rewarding things that Doc Pao went through.

 Doc Pao hopes that the Philippines can soon have a more realistic COVID-19 management system in place with zero casualties by utilizing whole medical systems. 

Doc Pao has always been about enhancing the quality of life and helping people avoid becoming sick. In these trying times where a great immune system is one of the best ways to fight off the virus, Doc Pao’s advocacy matters more than ever. 



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