Getting a personal loan and turning them into investment might be a little risky. However, if you are financially stable enough to pay for your monthly amortization and just looking for other ways to improve your credit score or make extra cash, this idea is not so bad. Once you are confident with your plans and strategies, under the right circumstances, personal loans can be a great way to make money too. 

1. Investing in a Business

Starting a business using a personal loan is obviously some high-risk investment. Having no assurance that your business will be able to stand the congested market is definitely scary. However, if you are really passionate about it, and you really want to push through, make sure that you will make some thorough research and meticulous planning. Consider all the factors and the worst-case scenarios you might face. Prepare plan A to Z to make sure that you won’t end up more in debt than when you first started. 

2. Buying and Selling Used Goods

Filipinos commonly use personal loans as emergency money, however, some are wise enough to use their borrowed money to buy and sell goods online. If you have enough experience when it comes to handling an online business and using sites such as Amazon or eBay, this idea is not just feasible but absolutely great too. If you have a sharp eye for good items, it is best to visit marketplaces in the country because you can surely find a lot of gems with surreal bargains. But of course, be careful not to buy stolen or fake items.

Get the most out of Vidalia Lending’s loan offers. Apply for a loan through our fast and secure online application without leaving the comforts of your home. Enjoy a less complicated process, without collateral and hidden fees. We also have an online calculator that you can use to calculate the amount you need to pay before you decide. 

3. Buy a Property 

Properties in the Philippines are rather cheap than in any other country, so using your personal loan to buy one can be worth the risk. If you choose to invest in a rental property, you can take the role of a landlord, or if it’s too much for you, you can hire a letting agency to the collection for you. This is one good investment since the rental payment can cover your monthly amortization fee. However, before you buy a property, make sure to consult a professional land surveyor to help you check all the necessary building credentials and other structural concerns. If you have a fair knowledge and experience in property management, then this investment is truly the best choice for you. 

4. Open a Savings Account

A savings account does not promise a huge interest rate but its better than having nothing to expect. Putting some amount of your loan into your savings account is a good way to build a reserved fund that can be used in case of an emergency. However, this idea is more favorable to you if you are financially stable and you have no problem handling your loan repayment.

5. Shares and Stocks

The shares and stocks market is unstable and very unpredictable. If you are a first-time investor, you must seek advice from the professionals before making a deal. Never invest what you can’t afford to lose so you won’t be left in a worse financial situation if things go wrong. Be brave but be wise, too. 

With several years of expert service in the field, Vidalia Lending was able to help thousands of Filipinos with their financial needs by providing several forms of loans. If you are looking for a fast and easy loan application, connect with us today.

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