I’ve been planning to write for months already, but my schedule gets so messy, and life happens. Anyway.
My sister and I are working from home, and we had our faces glued to our laptops for eight hours or more. Unfortunately, my sister’s laptop is slowly dying now. She has had it since around 2020, during the pandemic. It was an affordable kind of lappy, but surprisingly it survived till today. Literally surviving and naghihingalo. My sister can hardly do her tasks using the lappy as it lags during video calls, takes time to open Chrome and tabs, and the battery drains easily. She joined a meeting once and just exited for no reason and couldn’t come back anymore. She had to join via phone instead since that meeting was so important. The situation needed to be addressed ASAP as she uses a laptop for work every single day.
We finally decided to buy a new one. We couldn’t delay it anymore.
One Saturday, we looked around to canvas for a laptop somewhere in Matina. She checked the device specs she needed for her work, chose a decent brand, but not an overly expensive one. She said, “okay, dito na ako bibili”. Great.
As we checked for the payment options, we found out that the price was significantly different when we chose to pay via credit card installment versus cash. We’ve bought devices and other things before using credit cards but with 0% interest installment for like 3 months. This store had different terms, so we had to calculate things ourselves. Card installment payment was 14.29% more than cash payment. The laptop itself was around Php35,000, so that 14.29% meant we’d be paying roughly Php5,000 more in installments. At that moment, we had the eagerness to take advantage of the cash payment to save better.
The problem was that we didn’t have the right amount since this was an unplanned purchase after all.
Going outside like this feels like a chore for both of us already and we wanted to settle things right away. We had to plan where to get the budget first. Ultimately, I had no plans to leave the house, go to a bank, line up, submit the requirements, and wait days for approval just to borrow money. Yes, we planned to borrow money as my sister’s fund was not enough. If we’re going to do it, it has to be something we could do from our phones, without disrupting an entire workday.
I checked my digital banks for options and opened Maya since I’ve been using this for a while for sending money, paying bills, that kind of thing. I checked if I had something available to help me with our situation.
Maya Easy Credit offers a limit of up to Php50,000 and you can easily transfer it to your wallet with no documentation needed. I find this so helpful, especially in emergency situations when you need the money today and can’t wait a few days. For our case, it’s kind of an emergency, right? Yes!
My sister needed to work by Monday and her device issue must be resolved by then.
So, I navigated the app to check if I could get Php9,000. Right there, I saw the total amount to pay is Php9,634.65. Everything could be done directly through the app, so I didn't have to visit a branch or go through a lengthy application process. It can be transferred to my wallet right away and used for different needs. In my case, I used it as additional funds to help my sister purchase a laptop. I’m not so used to borrowing money online, but I felt confidence this time since the full breakdown, principal, interest, due date, and everything was laid out. I know exactly what to expect.
By the time my sister was done checking and paying for the laptop, we went straight home to settle. She tested it and was so happy that the device was not lagging anymore and it worked faster. She loved that it’s handy, and it’s not so heavy. Plus! The camera is clearer. Who wouldn’t want a nice camera during video calls? LOL
I’m so happy that Maya Personal Loan is also available in the app. This one’s more for the bigger stuff, like if you want to renovate your house, get a new motorcycle, expand a business, or buy new appliances or gadgets. You can borrow up to Php400,000 and the loan term is 3,6,9, or 12 months, with terms available up to 48 months.
It's nice to know that there are offers like this when you need it, Yes to responsible borrowing, and no to hassle. Only borrow what you can pay back:That’s the rule I always keep in mind.
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