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This is to inform the public that AND Financing Corporation doing business under the name and style “etomo” (formerly “LendPinoy”) is NOT IN ANY WAY connected or affiliated with the “LendPinoy” app currently found and downloadable in Google Playstore.

Please be informed that AND Financing Corporation is no longer using the trade name “LendPinoy” in doing business, but it DID NOT authorize the developers of this “LendPinoy” mobile app to use the “LendPinoy” trade name, which the company still owns.

Any and all attempts of the developer of this “LendPinoy” mobile app to associate itself with AND Financing Corporation is UNAUTHORIZED and FRAUDULENT. Hence, we strongly urge the public to not in any way access or deal with this mobile app.

Please refer to our Facebook page to know more about it.

8 Ways to Manage Your Budget After Getting an Online Loan.

After, you’ve secured an online loan in the Philippines to address your financial needs. Now comes the crucial part: managing your budget effectively to ensure you can comfortably repay the loan while maintaining your financial stability. Here are some practical tips to help you navigate this process smoothly:

  1. Create a Repayment Plan

Start by mapping out a repayment plan for your online loan. Calculate how much you need to repay each month and ensure it fits within your budget. Consider setting up automatic payments to avoid missing any deadlines.

  1. Prioritise Loan Payments

Make your loan payments a top priority in your budget. Allocate funds specifically for loan repayment before covering other expenses. This ensures you meet your obligations and avoid late fees or penalties.

  1. Track Your Spending

Keep a close eye on your spending habits to identify areas where you can cut back. Track your expenses using budgeting apps or spreadsheets to see where your money is going and find opportunities to save.

  1. Stick to a Budget

Set a realistic budget that accounts for all your expenses, including loan repayments, utilities, groceries, and other essentials. Stick to this budget religiously to avoid overspending and ensure you have enough money to cover your loan obligations.

  1. Limit Discretionary Spending

While it’s tempting to indulge in non-essential purchases, try to limit discretionary spending until your loan is fully repaid. Consider cutting back on dining out, entertainment, or luxury items to free up more funds for loan repayment.

  1. Build an Emergency Fund

To avoid relying on loans in the future, prioritize building an emergency fund. Set aside a portion of your income each month into a savings account to cover unexpected expenses or financial emergencies.

  1. Avoid Taking on Additional Debt

Resist the temptation to take on more debt while repaying your online loan. Avoid using credit cards or applying for additional loans unless absolutely necessary. Focus on paying off your existing debt before taking on any new financial obligations.

  1. Review Your Budget Regularly

Periodically review your budget to ensure it remains realistic and effective. Adjust your spending habits as needed and make any necessary changes to your repayment plan to stay on track with your financial goals.

By following these tips, you can effectively manage your budget after taking out an online loan in the Philippines. Remember to prioritize loan repayments, track your spending, and stay disciplined with your finances to achieve long-term financial stability.