Tag Archives: Peter Pan

Signs of Growing Up: Shopping for the perfect bank for Personal Loans

Peter Pan doesn't like Growing Up. And so do I.
Peter Pan doesn’t like Growing Up. And so do I.

Now I see the advantage of never growing up. Wherever Neverland maybe, I am signing up. Because in Neverland, Peter doesn’t have to pay the bills, file for loans and worry about his credit standing.

I am currently shopping for the best bank to file a personal loan request. As you know, the hub and I are starting a business with some of our friends and we really need a shot in the arm, so the speak, in terms of funding the business. While I would rather infuse capital using my hard-earned savings–the thing is, most of my savings–are in non-movable locations, i.e. mutual funds, retirement and insurance. In need of immediate funding, the next logical step for me is approach the banks.

I decided not to do this mindlessly. I searched the net for the bank with the lowest interest rate and most efficient customer service. Always on top of my books is Bank of the Philippine Islands (BPI), where majority of my financial records and transactions are kept. BPI is where I maintain a credit card, two savings account and had just finished one personal loan. The bank’s online and phone banking service is effortless and commendable, making transactions and transfers easier than the usual.

BPI can help you... (Image property of BPI)
BPI can help you…
(Image property of BPI)

To shop for the best bank, I referred to this website: iMoney.ph. Based from iMoney, the best bank is either Maybank and BPI, which carries a 1.20-1.25%% interest per month and will require me to pay a manageable PHP5,000 per month as payment spread over 1 year and 6 months. In my case, BPI is always the best choice because it allows me to transfer my payments or schedule my payments through my payroll account. Payment is easy and painless because it is automatically deducted from my enrolled account.

Security Bank meanwhile has a manageable 1.40% monthly interest rate which is still attractive to me, compared to the other banks like EastWest, Standard Chartered and PS Bank that has the highest interest rates out of the other banks I checked.

It’s easy to file a loan application, get the money and brace yourself for the monthly payment — but I also think checking interest rates and features is also the responsible thing to do when managing finances. A loan is an obligation that requires prompt and consistent payment. It’s only fair that I am aware of the obligation that comes after handling the signed forms and documents.

Obviously, growing up is a pain. I am making it painless by being as informed as possible, Peter Pan.

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This Growing Up Thing

i don't wanna grow up!!!
i don’t wanna grow up!!!

I must have been a Lost Boy (or Girl) in my previous life, because this Growing Up Thing hasn’t been easy for me.

Don’t you sometimes wish that we can go back to the days when we were young and the only thing keeping our minds occupy is having enough time to play, eat, sleep (play, eat, sleep, etc…)? Back when we were kids, not having the toy we earnestly wanted was enough to cause us top-drama heart break. Our only responsibility back then was to produce decent-enough grades — go home with an A and you assure yourself of your parent’s love for the grading period. Things were simple and problems were always petty.

But then, life will eventually usher us to adulthood, the scary world where jobs, maintaining a good credit rating, starting a family, having kids, being a sane human being–and even keeping up with the Joneses hav become on top of our To Do List. We stopped being fun. Because sometimes, having too much fun is not really good for our “adult life.”

If you are single, you are hopelessly paired off to another hapless single soul. If you are married, you will pushed into procreating and be utterly branded a failure if you failed to beget a spawn within a year of marriage. We are supposed to stay married forever, get along well with the in-laws and be the star homemaker/provider.

We work ourselves to death: hoping for the pay raise; for the much-anticipated promotion and the corner office that comes with it; the perks of being a big shot like cars, the paper thin Mac Air, the fat bank account and the latest gadget starring in our very own wet dreams. Like Survivor Cast-Aways, we are pushed to scheme, manipulate and outwit colleagues unless we wanted to be buried alive in the dirty game of office politics.

Growing up and growing old is overrated. We are expected to act like adults, to be adults. Yet, sometimes we catch ourselves swimming helplessly against the Tide.

Times like this, I ask myself: is there a way back to Neverland?*

*Neverland home of Peter Pan and Cap’n Hook, and not the abandoned place where MJ used to live