• Digital Banking
  • Our App
  • Promotions
  • Our DNA
  • Financial Literacy Articles
  • Help & Support
Our Products
Our Partners
Latest Promotions
Newsroom
Surveys
Financial Essentials
Digital Banking with CIMB
Security Tips

3 Common Financial Challenges and The Ways Around Them 

Handling your finances comes with a lot of challenges, but that does not mean they can’t be avoided. Here are three common financial challenges and how you can overcome them: 

1. Petsa de peligro

At times, it can get quite tricky making ends meet no matter how hard we try. But that’s okay! When cash flow falls short, it’s always a good thing to have access to credit. A revolving credit line like REVI Credit allows you to get ready cash when you need it so that you don’t have to worry about missing out on bills payment, buying groceries, and more.

 

Don’t forget to be responsible with your payments by paying at least your minimum amount due on time so your credit line is replenished. This way, you can maintain a good credit score that can come in handy when you need access to new credit in the future.  

2. Borrowing money from unregulated lenders with high interest 

Make sure to transact only with financial institutions accredited by the BSP. This guarantees that your rights as a borrower are upheld and that you are not overcharged for your loan through fees and towering interest. It’s easy to know if an institution is BSP accredited as they are often indicated in their official messages. Opt to borrow from banks instead of going through questionable credit financing groups as the former are more likely to have gone through the strict BSP accreditation process. 

3. No assurance for your loved ones’ future

It’s important to cover all grounds especially when it comes to your loved ones’ future. Getting insurance adds another layer of financial security in case something unforeseen happens. With REVI Credit, you can get insurance coverage that’s worth your Statement Balance for a minimal premium charge.

Through the Credit Group Life Insurance powered by Pru Life UK, the statement balance in your account will be taken care of and the excess coverage can be paid to you in case of total and 

permanent disability or to your beneficiary in case of death. You can easily avail this through the REVI Credit dashboard in the all-new CIMB Bank PH app. 

You can be ready for anything all thanks to CIMB Bank’s first all-in-one revolutionary product, REVI Credit! Get easy access to credit and financial flexibility right at your fingertips. If you’re an existing CIMB Bank customer, all you need to do is download the all-new CIMB Bank PH app and apply for a revolving credit line of up to PHP 250,000. You can use it to buy load and pay bills. You can even convert a portion of your approved credit line to cash or to a Term Loan! All these with ZERO ANNUAL FEES!

Head over to this page to learn more about REVI Credit:

Visit this link to find out more about the REVI Credit – Credit Group Life Insurance: 

Open the app and avail of the REVI Credit Group Life Insurance now!

 

CIMB Bank Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas as a Commercial Bank. You may contact the BSP Financial Consumer Protection Department at (+632)8708-7087 or consumeraffairs@bsp.gov.ph.