What you need to know about loans in Legal HD

MANILA, Philippines - It’s been a dream of yours to have your own house, or maybe you’re tired of having to wake up early and sleep later than you should just to avoid the rush hour because you commute to work. Or maybe you are suddenly hit by inspiration and have an idea for a new business venture but you don’t have enough capital to start it.

Not everyone has enough liquid assets to afford big purchases. It could also be that you just want to pay by installment but unfortunately the seller doesn’t use that payment scheme.

There are many reasons to take a loan but do you really know what you’re getting in to when you sign that contract? What kind of documents do you need to show for a loan to be approved? In the new Legal HD episode, host-lawyers Karen Jimeno (photo, left) and Rod Nepomuceno discuss what you need to know when it comes to applying for loans.

Legal HD airs Mondays at 10 p.m. on Solar News Channel, which is available on Free TV Ch. 21, SKYcable Ch. 16, Global Destiny Ch. 28, Cablelink Ch. 14, Cignal Ch. 10, Cebu SKYcable Ch. 11, Davao SKYcable Ch. 81 and Cagayan de Oro Parasat Ch. 218.