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Personal loan
How well can I rely on government loan.
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[QUOTE="Caramelle, post: 202502, member: 150"] [JUSTIFY]In my country, it is easier to secure a government loan if you are employed. More often, government agencies that grant loans are custodians of our pension premiums and membership contributions. Access to low-interest loans is just one of the benefits of being employed in a private or government office. Payments for these loans are coursed through the employers who deduct the amortizations from the payroll. Government loans are usually payable within 24 months. In some cases, they may even offer condonation of penalties for late payment. There are also loan facilities for businesses, agriculture, and fishery businesses and they usually come with minimal interest. There are laws that make these loans readily accessible to certain sectors of society. Government agencies may offer even lower interest and softer terms for those that are residing in calamity-stricken areas. Recently, the government extended both financial assistance and business loans to SMEs that were badly hit by the pandemic. When it comes to securing government loans, the applicant must show good faith and the capacity to pay back. Employees with regular occupations as well as self-employed individuals who are operating a legitimate and officially registered business stand a better chance of being granted a government loan.[/JUSTIFY] [/QUOTE]
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How well can I rely on government loan.
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