Got a loan offer that’s hard to resist?
Every day, more Filipinos are targeted by fake lenders posing as legit companies — using friendly messages and promises that sound too good to be true. When we find ourselves suddenly short on budget, it’s easy to fall for traps set by fraudulent agents. So before you say yes to that tempting loan offer, make sure it passes the safety test.
Scroll through these common red flags and see if you’ve spotted any of them before:
Scam alert: “Apply via DM only. No documents needed.”
The truth: Real lenders need proper documents to assess your application. We cannot guarantee any approval before we check on your records, loan history, source of income, and other important information. We will, however, do our very best to make this step as smooth as possible.
Scam alert: “Kailangan muna bayaran ang processing fee para ma-receive mo ang loan.”
The truth: Legit lenders never ask for payment upfront. This is a classic scam move. As a legit lender, we will inform you exactly how much the processing fee will be and deduct it from the approved loan amount that you will receive. You will not need to send us any amount before you receive your loan.
Good sign: “We will give you a breakdown of your fees and due dates before you sign.”
Dapat ganito! Transparency is key. We will always explain to you exactly how much you will need to pay every month, the due dates, and the breakdown of your fees. All before you sign the contract. If a company does not explain the loan terms to you, walk away.
Legit and SEC-registered lenders like Globewest Finance will always be clear about the process — from the interest rate to your repayment schedule. You’ll never be asked to pay just to get approved.
Apply for a legit loan now: globewestfinance.com/apply-now
Got questions? Reach out to us via Facebook: https://www.facebook.com/globewest
