When unexpected expenses arise or income is delayed, many people turn to credit cards to manage their cash flow. Credit cards can be a lifesaver in these situations, offering a flexible way to cover expenses while waiting for the next paycheck. It’s the reason why search terms like “best credit card in the Philippines for starters” and “no annual fee credit card Philippines” have become more common online.
However, not everyone has easy access to these cards since credit card issuers often require proof of stable income and a good credit history. Some of these users turn to the sanglaan (pawnshops) to borrow money by using valuable possessions as collateral. While this option provides quick cash, pawning often comes with high interest rates and the risk of losing personal possessions if the loan is not repaid on time.
Thankfully, Maya Easy Credit has proven to be a more accessible and secure alternative. In this article, we will explore why Maya Easy Credit is a better choice compared to pawning your belongings at a sanglaan.
Applying for Maya Easy Credit Is Fast and Convenient
Pawning an item requires visiting a physical pawnshop, waiting in line, having your item appraised, and negotiating the loan amount. This process can take time, and the amount you receive depends on how much the pawnshop values your item, which is often lower than its actual worth.
With Maya Easy Credit, you don’t need to leave your house to be able to borrow money. There’s also no need for multiple requirements and documentation such as payslips, certificates of employment, or collateral. This makes Maya Easy Credit accessible to more Filipinos, especially those who may not have the traditional financial documents typically required by banks or lending institutions. As long as you are 21 to 65 years old, a Philippine national and resident, and have an updated Maya account, you can apply for Maya Easy Credit.
Moreover, the entire process is conveniently done through the Maya app, and approval is fast and hassle-free. Simply go to the “Credit” tab and tap “Apply now.” If you're eligible for Maya Easy Credit, you will see an “Activate Now” button. From here, enter the amount you want to borrow and confirm all the details. Then, all you need to do is wait to find out if you’ve been approved.*
Keep in mind that your eligibility for Maya Credit and your resulting credit limit are based on how frequently you use Maya’s services. The more consistently and actively you’ve used our services prior to applying, the higher your chances are for approval and the higher your potential credit limit will be.
You Don’t Need to Give Up Valuable Items
One of the biggest disadvantages of using a pawnshop is having to surrender your valuables as collateral. Items like jewelry, watches, gadgets, or luxury bags are often pawned in exchange for cash, but if you fail to repay the loan on time, you risk losing them permanently. Many people find themselves repeatedly extending their pawned items’ terms, accumulating interest and fees, making it even harder to reclaim their belongings.
With Maya Easy Credit, there’s no need to part with your prized possessions just to get extra cash. You can get funds of up to Php 30,000 instantly through the Maya app, ensuring that your important belongings remain safe and secure while you manage your financial situation.
It’s Available Anytime, Anywhere
Pawnshops operate only during business hours and may be closed on holidays and weekends, which can be inconvenient when you need money urgently. Additionally, the process of pawning an item requires traveling to a physical location, which may not be ideal if you’re in a rush.
Maya Easy Credit, on the other hand, is available 24/7 through the Maya app, meaning you can apply and access funds anytime and anywhere. Whether it’s late at night or a holiday, you can get the cash you need without waiting for a pawnshop to open. The funds are instantly credited to your Maya Wallet, allowing you to make transactions immediately, whether you need to pay bills, buy groceries, or send money to your family.
When faced with an urgent financial need, pawning your belongings may seem like a quick fix, but it comes with significant downsides. With Maya Easy Credit, you have a faster and more convenient alternative that allows you to get the cash you need in just a few taps. Experience the future of lending today and enjoy financial freedom without the hassle of other credit options.
*Approval of Maya Easy Credit is subject to credit evaluation.
