In the Philippines, the 13th month pay is a mandatory benefit for employees required by law under Presidential Decree No. 851. It must be paid by employers to their rank-and-file employees no later than December 24 each year. The purpose of the 13th month pay is to provide additional income to employees, especially during the …
How to Compute 13th Month Pay: Common Questions Answered Read More »
Strengthening its thrust for sustainability, SB Finance, an affiliate of Security Bank, has partnered with Cost Plus Inc., a leading distributor of electric vehicles, to offer MotorsikLOAN financing for electric tricycles (E-Trikes) as part of the Kidlat Electric Vehicles program. This partnership is designed to directly benefit Tricycle Operators and Drivers’ Associations (TODA) in Quezon …
Overview of the Importance of OR/CR in Vehicle Ownership and Registration In the Philippines, if you own and drive a vehicle, you need some important papers. The most important ones are the OR/CR or the Official Receipt (OR) and Certificate of Registration (CR). These papers prove that your vehicle is legally registered and recognized by …
What is OR/CR? The Essential Documents for Vehicle Owners in the Philippines Read More »
ADVISORY: Please be advised that SB Finance has legally implemented an increase in late payment fee of Personal Loan, OR/CR for Cash, and MotorsikLOAN amounting to PhP1,000 or 5%, whichever is higher, effective 60 days from today. Please settle your monthly amortization before your due date to avoid incurring the late payment fee and other …
In today’s competitive employment market, knowing which jobs pay the highest is more important than ever. This understanding can have significant effects on career choices, educational paths, and professional development approaches, ultimately leading to increased financial security and job satisfaction. Knowing the highest-paying jobs allows you to make more educated career decisions. Individuals can assure …
Top 8 Highest Paying Jobs in the Philippines 2024 Read More »
Business loans are crucial for entrepreneurs as they provide the necessary capital to start, grow, or sustain a business, especially when revenue is not yet sufficient. They help manage cash flow, ensuring that businesses can cover day-to-day expenses, and invest in opportunities without financial strain. With additional funds from loans, businesses can expand operations, open …
Getting A Business Loan: Essential Tips and Requirements for Success Read More »
What is an Emergency Fund? An emergency fund is the money you set aside to cover your unexpected expenses. They’re savings intended for emergencies and unanticipated costs. It’s money reserved to keep you financially secure during unforeseen events like sudden medical expenses, home or car repairs, cash flow problems, and sudden layoffs. Importance of having …
The Importance of Emergency Funds and How to Create One Read More »
How to Save Money: Simple Tips to Get Started Introduction It’s important to save money to feel safe and stable financially. Whether you need an emergency fund, want to make a big purchase, or plan for your future, saving money is necessary. This guide gives you easy tips and strategies to help you save money …
SB Finance and GCash partner to simplify loan repayments SB Finance, an affiliate of Security Bank, and GCash, the country’s top mobile wallet, have teamed up to streamline loan payments for SB Finance customers. The partnership integrates SB Finance as a biller within the GCash app, enabling borrowers to conveniently settle their loan amortizations anytime …
SB Finance and GCash partner to simplify loan repayments Read More »
The Importance of Saving Money: A Comprehensive Guide Saving money is important because life is full of surprises. Now that the cost of living is more expensive, being able to save money helps us manage our finances better, and prepares us for the future. This guide breaks down why saving money is important, how it …
The Importance of Saving Money: A Comprehensive Guide Read More »
