Taking out a loan isn’t just about borrowing money — it’s about protecting your future self. In the Philippines, where every lender has different requirements, interest rates, and approval timelines, the smartest borrowers are the ones who prepare before applying. Whether you’re an OFW, seafarer, employee, professional, or business owner, these ten insights will help you make confident and informed loan decisions. 1. Start With the WHY — Because Purpose Predicts the Loan Before you ask “Magkano ang kaya ko?”, ask yourself: “Para saan ba talaga ‘to?” Your purpose determines: Examples: A clear purpose prevents costly mismatches. 2. Know Your Real Capacity — Not Your Dream Capacity Many Filipinos calculate…