Credit is not necessarily a bad thing. Through credit, Filipinos can achieve many of their goals such as building that business they’ve always planned for, providing a better home for their families, or availing of something to help with self-development. It can be used in different ways and can uplift one’s way of life. This is also why it’s crucial that Filipinos are credit conscious and responsible in handling borrowed funds.
Security Bank supports the Bangko Sentral ng Pilipinas (BSP) in celebrating Credit Consciousness Week 2022 from April 24 to 30, 2022, pursuant to Presidential Proclamation No. 568. This year’s theme is Wastong pag-utang, susi sa pagbangon ng bayan—a call that highlights one’s contribution in positively impacting the country’s economy by managing credit properly.
The stigma of borrowing may be eliminated by equipping oneself with financial education and sound advice from trusted financial institutions.
“Our Relationship Managers and Customer Advisors are trained to assess the best loan products for clients. We also ensure that our borrowing customers are aware of the requirements and the responsibilities of a good borrower, before they avail of a loan,” Maki Tingson, Security Bank’s Retail Banking Segment Head, said.
Credit also opens up a lot of opportunities, from taking out future loans to having sufficient funds for emergencies or personal projects.
Staying true to their #DitoPwede tagline, SB Finance, Security Bank’s consumer finance arm and a partnership with Thailand’s Bank of Ayudhya (Krungsri), is set on offering loans digitally and conveniently through their new zukì mobile app. “We want to eliminate the intimidation brought about by applying for a loan. Filipinos should have access to safe and easy loans to make their lives better,” President and CEO of SB Finance Abbie D. Casanova, shared.
Good financial health calls for good credit health. Borrowing means knowing your accountability in making good use of the funds and paying on time, keeping your accounts updated to not miss any statements or payments, and knowing when or when not to take out loans. While credit consciousness is celebrated this April, we should observe it all-year long.