More Pinoys eye new loans this year

Eight in every 10 Filipinos saw more accessible credit options last year, with more than 50 percent of them eyeing to take new loans this year.

- LOUISE MAUREEN SIMEON

A recent analysis conducted by consumer finance firm Digido showed that 80 percent of Filipinos believe formal credit options have been more accessible.

As such, 57 percent of Filipinos intend to take out a new loan this year while 19 percent of consumers already have plans in place to do so.

On the other hand, almost 40 percent indicated that they will avail of a loan if the need arises.