We're always up for a chat, but it might be faster to get answers on this page!

Need help?

  • 1.What is GoBear?
    GoBear is a metasearch engine — we help you compare and find the best deal for travel insurance, credit cards and personal loans. All the information you need, including interest rates, requirements, qualifications and even promos are all in this website. We are the first metasearch engine in Asia to offer this free service to Filipinos.

    After filling up the form, GoBear will show you all applicable products based on your needs. You can compare up to 4 products side by side and apply directly on the website. We will redirect your information and queries straight to the bank. To remain unbiased, GoBear does not promote banks, process your application or give value judgment on the products.

    Using the website means you have the power to choose what is best for you by comparing the products side by side.
  • 2.New to GoBear?
    You can search and compare travel insurance plans and credit cards even without signing up for an account. You can sign up later if you want to save your comparisons and preferences.
  • 3.How can I save money by using GoBear?
    You can save money by being able to compare insurance plans and their fine print in a smart way on GoBear.

    GoBear is a metasearch engine or a comparison site — we help you compare and find the best deal for personal loans, travel insurance and credit cards. All the information you need, including interest rates, requirements, qualifications and even promos are all in this website. We are the first metasearch engine in Asia to offer this free service to Filipinos.
  • 4.Will I Get Charged Any Additional Fees by GoBear if I Apply Here?
    No. GoBear is completely free.

    We help you compare relevant insurance plans of insurers on our site to find the best deal. When you have found the right deal for you, we connect you to the particular insurer directly. And only when you click on an insurance plan do we get a small referral fee from the insurer, not from you.

    Remember you do not buy the insurance from us and we do not process the application to ensure an unbiased service for you. We only compare! You always buy directly from the insurer, broker or agent.
  • 5.Can I also compare GoBear on my mobile device?
    Yes! GoBear was first and foremost designed for mobile, because on-the-go solutions fit perfectly into your busy life.

    We are constantly innovating and try to ensure that you can compare insurance plans 365 days a year 24/7 on any of your devices. Just visit on your mobile phone browser.

    Real-time data means that the insurance details are as updated and on-the-go as you are.
  • 6.How updated is the data on your site?
    Our website updates 24/7 with the latest insurance data. However, bear in mind that this is dependent on the input, which is given by the insurance companies and banks, information from their respective websites as well as brokers' time of informing.
  • 7.Can I save my quotes somewhere?
    Yes, you can.

    Simply create an account with us and enjoy added functions like being able to come back later and compare up to 4 pre-selected policies side by side.

    You can find the sign up info at the top of the website or in the menu on the mobile device.
  • 8.Can I talk to a Customer Service Representative to help me with the comparison of my insurance?
    To keep ourselves unbiased, we don't sell insurance, credit cards or loans ourselves. We are not an insurance broker or agent and we do not advise on insurance plans.

    This means that we do not have agents on hand to discuss insurance policies and give you value judgments.

    If you have any questions about a particular policy, please contact the insurer directly. After applying through GoBear, a representative of the bank or insurance company will get in touch with you so can ask pertinent questions about your purchase.
  • 9.Can I share my search results with my friends and family?
    Yes. You can send the comparisons to yourself, your friends and family by email.
  • 10.Are these prices accurate? Do they reflect the final price?
    As dedicated as we are to provide the most accurate premium cost, GoBear calculates premiums on specific perimeters and does not take into account any pre-existing conditions that need to be mentioned.

    These prices serve as an unbiased reference and gives a fair overview of the available insurance plans that best meets your profile and needs.

    Also, prices are subject to change without notice. Please contact the respective insurer or advisor for information on the final price.
  • 11.Why Should I create an Account?
    If you create an account, there are some useful benefits.

    1. You save time by only entering your details once
    2. You can save and retrieve quotes
    3. We keep your personal details safe
    4. You can control your preferences
  • 12.Having trouble signing in or retrieving your quotes?

    If you're having trouble signing into your account, please let us know so that we can help. You can reset your password online.
    If you are still unable to sign in then please send an email to

  • 13.What is Car Insurance?
    Car insurance is a contract between a car owner and an insurer, providing for financial protection over accidents and injuries involving a vehicle and its passengers.
  • 14.What is Private Usage?
    Automobiles are used for personal purposes which specifically refer to cars such as sedans, coupés, compact and full-sized cars.
  • 15.What is for Hire Usage?
    Vehicles are used for public transportation and classified as land transportation operation.
  • 16.What is a Commercial Vehicle?
    Vehicles that are principally designed to transport goods/cargoes and/or persons and weighs heavier than personal cars, such as sport utility vehicles (SUV’s), Asian utility vehicles (AUV’s), commuter vans, pick-ups, trucks and buses.
  • 17.What Companies Offer Car insurance in the Philippines?
  • 18.What Are Some Personal Loan Features and Benefits?
    There are a few extra advantage a borrower can get:

    - Flexible payment terms that allow you to pay above the required amount for your cash loans, as well as to change the terms of your personal loans, therefore helping you settle your debt faster.

    - A revolving credit line, which is a finance service that allows you to get a certain amount of cash advance for when you need the money, in exchange for paying a commitment fee.

  • 19.Where Can I Get a Loan?
    There are a lot of banks where you can get loans. You can check out the list of banks that are in close partnership with GoBear to see the wide range of loans they offer.
  • 20.What Are Personal Loans?
    Personal loan is a line of credit provided by banks and lending companies in the Philippines to help the borrower ease into investments, consolidate debt, pay for car repair, home renovation and more.
  • 21.What Are the Types of Personal Loans
    There are two main types of personal loan:

    Secured Loans – The borrower can only loan while putting a property valuable as the cash you are loaning as collateral and if unabled to pay, you can lose your property.

    Unsecured Loans – The borrower can apply for easily because you don’t nsdeed a property.
  • 22.How does GoBear Compare Credit Cards?
    Our goal is simple: to show you the most transparent and unbiased comparison that suits your needs, not anyone else’s. Here's how:

    1. Search by reward types

    Card rewards are what you are looking for and GoBear gets it! Start your search by selecting your preferred reward type: cashback or air miles.

    2. Calculate annual rewards based on your spending needs

    To help you find your best credit card, simply input your monthly spending amount with an option to break them down into categories like: dining, entertainment, fuel, groceries, online shopping, shopping, etc. For details of shopping categories, refer to 'what is the definition' of each spending category and 'what is included in your rewards calculation?'.

    With your input plus our unique GoBear Rewards Converter, we will calculate your estimated annual earnings on cashback and air miles based on your monthly spending over a period of one year. We convert the different credit card reward points based on average cash values or actual air miles you can redeem. Please refer to 'Which airline miles do you use in your total air miles calculation?' for more details on air miles.

    3. Compare reward earnings vs other benefits, features and fees

    To give an all-rounded comparison, we also showcase a directory of other features, including benefits and fees of each credit card.
  • 23.What is the Definition of Each Spending Category and What is Included in Your Rewards Calculation?
    Dining: weekend and weekday dining (if you get rewarded at different rates, the average applies)

    Entertainment: ticketing for cinemas, bars or events (or either of them)

    Fuel: includes card-specific rewards such miles or cashback accumulated from spending on fuel

    Groceries: grocery spending at multiple outlets

    Travel: 50% overseas spend and 50% travel-related spend such as flight or hotel

    Online Shopping: all spending on online shopping

    Shopping: all spending on retail shopping

    General: all other spending (except cash advances)

    To give a clear comparison, the followings is excluded:

    - Nominal discounts for fuel

    - Bank-wide discounts for fuel

    - Bank deals with specific merchants

    - Any ad-hoc promotions, unless they are quantifiable as an annual bonus related to a minimum spend in the first year.
  • 24.How Accurate are the Total Air Miles or Cashback Calculations?
    At GoBear we put in our best to ensure our calculations are accurate. Firstly, we constantly update our calculation engine and data collected from the credit card issuers. Secondly, your input on your monthly spending breakdown will further improve our calculation. Having said that, there are certain personal spending patterns, specific merchant deals or rewards that we do not include in our comparison because our goal is to give you an apple-to-apple comparison.

    GoBear’s advice to you is to treat the total annual cashback and total air miles earned, as one of the considerations during your comparison process. Click on "More Details" to learn more about the limitations and benefits of each individual card.

  • 25.There Are Other Comparison Sites, Why Should I Use GoBear to Compare Credit Cards?
    We are transparent, unbiased, personalised and we have you covered.

    GoBear credit card comparison results are based entirely on your personal spending pattern, based on your data input. There's no advertising, pre-ranking and highlights of the card listing. We don't tell you which card to pick, it's your choice.

    We currently cover largest range of credit cards, view our sitemap to access the full list of the cards available.
  • 26.What should I look out for when comparing between rewards, cashback or miles cards?
    Firstly, you must understand what each card offers:

    Rewards Cards: Reward cards earn you rewards that are specific to your card issuer (e.g. CitiDollars). These rewards are collected when you spend money on credit cards and can be exchanged for either vouchers, cash or air miles.

    Cashback Cards:Cashback cards offer you a percentage of your total spending on this card. Depending on what you spend on, you could earn up to 5% cashback on your credit card.

    Miles Cards: Miles cards earn you miles that are exchangeable for frequent flyer miles at selected airlines. Most Singaporean banks have deals with Krisflyer miles and Asia Miles.

    When comparing these 3 card types, you should keep in mind that rewards cards may not instantly giving you “miles” or “cash” and sometimes a conversion rate applies when redeeming for these rewards. However, this gives you the option to choose your rewards or benefits at a later point of time.

    Pure miles and cashback cards do not offer this flexibility but often offer better conversion rates. Cashback cards are loved by those who like instant “cash discount” from a bill.
  • 27.What are credit card features and benefits?
    The main purpose of a credit card is an instant access to money for cardholders who can pay in full or in installments. But there are also different benefits provided for clients that is exclusive for credit card holders, such as:

    a. Waived membership fees on cards for the first year of use. Through this, banks are encouraging cardholders to use their cards without thinking much about fees.
    b. Bonuses such as free airmiles and rebates depending on how much a cardholder has spent.
    c. Rewards points that can be exchanged for free items and perks.
    d. Balance transfer you can use when you want or need to transfer your credit card debts from one card you own to another card with a lower interest rate.
    e. Zero-interest charges on some purchases. You usually see this offer in appliance, furniture, and gadget stores.
    f. cash advance is the ability to advance up to a certain cash.
    g. virtual credit card a card much like a credit card but it has a different 16-digit number allowing you to shop safely to different online shops
    h. Free travel insurance for certain cards, especially the upscale offers.

  • 28.What are the requirements to apply for a card?
    When you apply for credit cards, your bank looks into your age, salary, employment details, and contact information.
    You must be:
    - 21 years old and above
    - 18 years old for supplementary cards
    - PHP 120,000 annual income (basic credit)
    - one or two years of employment
  • 29.What are the fees and charges of credit cards?
    The most common charge is the interest charge which is the percentage of the amount of debt you have by the end of the billing period.
    Membership fee is an annual payment for card ownership. (Although the fee is waived for the first year)
  • 30.What banks offer personal loans in the Philippines?
  • 31.How much can I borrow for personal loan?
    The amount you want to borrow for your personal loan will depend on your ability to pay for the loan, your proof of employment and income determines the amount you can borrow.
  • 32.What banks issue credit cards in the Philippines?
  • 33.What is Coverage Score in Travel Insurance?
    Coverage score rates how a particular plan compares with other plans regarding the benefits and their amount of coverage. It rates how extensive the benefits are vis-a-vis their coverage amounts.
  • 34.What is sports coverage in travel insurance terms?
    refers to a provided coverage on injuries that result from these hobbies.
  • 35.What is personal liability in travel insurance terms?
    There are instances when a mishap that happens while you travel does not lead to an injury to you. Sometimes, you end up in an accident in which you unintentionally harm another person, causing you to assume personal liability. This becomes complicated abroad, where you may have next to no control regarding legal procedures, emergencies, and other circumstances. Hence, it’s a good thing that most you get personal liability in travel insurance.
  • 36.What is outpatient treatment in travel insurance?
    Outpatient treatment in travel insurance refers to having assistance and cover benefit for medical testing, diagnosis, and specialist consultations whenever you need it while you travel abroad.

    The coverage benefit called “outpatient treatment” is simply the stage of diagnosing a medical problem and providing a possible treatment for it. During an outpatient treatment, you can just go to an outpatient clinic where you can talk to a doctor who will refer you to a specialist. Say for example, you broke your arm following a somersault in one of the famous cliff diving sites in the Philippines. You can have an x-ray done at the outpatient clinic or have the doctor examine and run the necessary tests to identify the problem. Once the doctor makes a diagnosis, then they can refer you to a specialist who might have to do an inpatient treatment.
  • 37.What is personal accident in travel insurance terms?
    Perhaps the most unfortunate event that a travel insurance policy can cover, personal accident in travel insurance occurs when a mishap during travel leads to a person’s death or loss of body parts. This event leads to a package of benefits for the policyholder (or his estate, when it tragically comes to that), the most significant of which is the accidental death, dismemberment or disability coverage, also known as accident insurance.
  • 38.What is medical evacuation in travel insurance terms?
    A medical evacuation in travel insurance, sometimes called as emergency evacuation, happens when a policyholder is so badly injured that he has to be transported to a medical facility while travelling. This evacuation, which sometimes involves an air ambulance (a vehicle that sounds awesome but isn’t when your life hangs in the balance) can also happen when the injured person has to be transferred to his home country, particularly when your travel agency is of no help in getting you back.
  • 39.What are medical expenses in travel insurance terms?
    Here’s a better question, why would you need coverage for medical expenses in travel insurance? During trips abroad, most of the adverse events that happen concern medical emergencies. You can accidentally get injured on your arm during the trip, or get other sicknesses such as food poisoning, bee stings or snake bites, basically anything that a medical insurance covers. Any health concern that happened while travelling can result in heavy medical bills, especially in places where getting medical care is more expensive. This is where medical expenses can kick you hard.
  • 40.What is trip termination in travel insurance?
    Atrip termination in travel insurance, also known as a trip curtailment, occurs when a person cuts short his travel and decides to go back home ahead of schedule. When a person terminates a trip, there may be prior reservations and advanced payments that cannot be redeemed, like airplane tickets and the unconsumed hotel stay. That’s where the travel insurance companies come in to help by reimbursing a policyholder’s trip-related expenses when he has cut his trip short due to certain unexpected reasons.
  • 41.What is trip cancellation in travel insurance?
    A trip cancellation in travel insurance coverage occurs when a person opts out of a planned travel before the scheduled departure date. Simply put, a person cancels a trip when he decides not to push through before the day he was supposed to go.
  • 42.What is loss of travel documents in travel insurance?
    Loss of travel documents provides for reimbursement of expenses incurred for processing the replacement of documents necessary for your travel. This insurance coverage includes loss of passport or travel agency papers, the Visa required for entry to countries that request for it, or a separate Schengen Visa for entry to certain European countries, or even other stuff like airplane tickets and documents required by the immigration authorities of the country you’re travelling to. Needless to say, loss of travel documents without travel insurance to back you up can prohibit you from taking the trip, so you shell out more money just to get replacement documents just in time for the trip.
  • 43.What is loss of passport in travel insurance?
    Loss of passport in travel insurance refers to a coverage benefit, and in some cases, assistance to replace a lost or stolen passport. Losing your passport while you’re travelling is a major disaster. But a loss of passport coverage benefit in a travel insurance helps you minimise such a problem.
  • 44.What is loss of money in travel insurance terms?
    It must suck to have your wallet and credit card stolen during your trip abroad. And it would suck more if you find out that your lost money and card were used for a lot of expenses you didn’t make before you even managed to lock that card, an activity that are harder to actually do abroad because of all the roaming charges and other complications. That’s where loss of money in travel insurance coverage comes in handy.
  • 45.What is loss of baggage in travel insurance terms?
    Loss of baggage in travel insurance coverage is for when you permanently part with your big stroller bag or the things inside it. However, its specific definition for the purposes of travel insurance coverage can vary depending on the insurer.

    Generally, a policyholder can get lost baggage compensation for the disappearance of his baggage he must file a report to proper authorities (such as the police and officials at the hotel or airline) indicating that his baggage or something in it was lost.

  • 46.What is hospital allowance in travel insurance?
    A hospital allowance in travel insurance coverage is the amount of money that a travel insurance provider gives to an insured person for each day that person stays in a hospital due to an illness or injury incurred while travelling abroad.

    It can also be described as an insurance benefit that compensates you for the income you lost because you were forced to stay in a hospital. Think of it as some sort of hospital insurance. You can compare it to a social security benefit you get from SSS or GSIS when you get hospitalized, but with (probably) fewer hassles than the typical government agency.
  • 47.What is domestic destination in travel insurance?
    You don’t just get a travel insurance when you travel abroad. You also get it when you plan on going to a domestic destination or places within the Philippines. A domestic destination travel insurance simply refers to getting yourself an insurance coverage whenever you plan a staycation and enjoy the beauty of your homeland, the Philippines.
  • 48.What is dismemberment in travel insurance?
    Dismemberment travel insurance provides a cover benefit in case of accidents with your limbs during activities when you travel. It is also an insurance coverage provided by most medical insurance companies. With this coverage, a lump sum is provided to the insured person in case he loses a limb or any other part of his body stated in the policy.

    Almost all providers of personal accident insurance cover dismemberment, sometimes it is under the coverage called “personal accident.” However, the percentage of the cover benefit provided will depend on the insurance provider. Some providers offer a 100% cover benefit. This means that the insured will receive the same amount meant for personal accident coverage. On the other hand, some only offer a 70% or 50% cover.
  • 49.What are delayed flights in travel insurance terms?
    Delayed flights in travel insurance happen when your flight towards an international destination is late by more than a certain number of hours (usually 6 to 12 hours). An insurance policy that covers for that incident provides compensation to a policyholder when flight delays are caused by severe weather conditions, natural catastrophes or technical failure of aircraft, among other conditions. Unfortunately, a commonly cited excuse for our favourite airport, the “air traffic congestion” in NAIA, seems to be excluded in most, if not all, Delayed flights travel insurance coverage on policies.
  • 50.What is emergency repatriation in travel insurance?
    By definition, repatriation means returning a person to his original place of residence. An emergency repatriation in travel insurance works the same. It’s part of an insurance plan or policy where the company provides the necessary form of transportation—usually by air ambulance— to return the insured person to his country of origin.
  • 51.What is emergency evacuation in travel insurance?
    An emergency evacuation travel insurance, also known as “medivac” or “med evac,” refers to the immediate evacuation or transfer of an insured person in case of an injury or sickness. An emergency evacuation is often done as an emergency response to prevent a more serious sickness or grave injury.
  • 52.What are emergency dental expenses in travel insurance terms?
    To know why an emergency dental expenses in travel insurance is important, imagine this: In the middle of a trip, you figure into an accident, a mishap that resulted to having pain in your teeth or worse. Having a toothache is bad as it is; having it in a foreign country is worse, especially if it’s in a country where dental services are expensive even for those with dental insurance, one of the medically related coverages from travel insurance plans.
  • 53.What is credit card protection in travel insurance?
    Credit card protection travel insurance is a unique cover included in insurance policies, which protects your credit card from unauthorised charges and identity theft.
  • 54.What is baggage delay in travel insurance terms?
    Baggage delay in travel insurance happens when your baggage arrives late to your destination. It also happens when your baggage gets mistakenly redirected to a different location by your airline. This can cause a lot of inconveniences, not to mention that you spent an awful time complying with your airline’s baggage restrictions only for them to mismanage the transit of your belongings. You may also end up spending a lot on items that you should have had in your baggage in the first place due to baggage delay. A travel insurance plan that covers this kind of scenario will allow you to recoup the losses that this mishap caused. And if you end up with lost luggage because of your airline’s fault? You will get another form of compensation for that too.
  • 55.What is automatic extension in travel insurance?
    An automatic extension in travel insurance refers to extending the insurance policy beyond its set date of expiry due to circumstances that is outside the control of the policyholder or the insured person. With this coverage, your policy is extended immediately without the headache of added premiums, fees or top ups, in the event that there are travel delays or medical emergencies.
  • 56.What type of car insurance should I get?
    Well, it depends on how much you want to pay and what you want to be covered for.

    Everyone in the Philippines has to have basic insurance - the insurance geeks call this Compulsory Third Party Liability (CTPL) or Compulsory Motor Vehicle Liability Insurance (CMVLI). See the words “compulsory”? That means you don’t get a choice – no insurance, no registration with the Land Transportation Office. This compulsory insurance covers you up to ₱100,000 if you have an accident and someone else (who isn’t in your car) is seriously hurt or dies.

    You can choose to add comprehensive insurance on top of your compulsory. What you get varies between insurers. You can compare on GoBear to see which insurers offer the benefits you want. Some of the extra benefits you can choose are:

    Own Damage and Theft: This covers your car if it’s damaged in an accident or fire, or if someone damages your car on purpose or steals it.

    Acts of Nature: Mother nature can be unpredictable. If you live in an area that gets lots of tropical storms, you might want to add on this benefit. It covers your car if it’s damaged by earthquakes, typhoons, hurricanes and volcanic eruptions.

    Strike, riot and civil commotion: When people are passionate about a cause, things can get out of hand. This benefit covers your car if it gets damaged or totalled during a strike, riot or commotion. We hope, for your sake, you’re not in the car if this happens!

    Extra third party Liability: Also called, Voluntary third-party liability or VTPL. As mentioned above, you already have some third-party cover in your compulsory insurance. But you can choose to add on this extra insurance in case the third-party claim is higher than your basic insurance will cover. There are 2 different types:

    a. Bodily Injury (VTPL-BI): If you have an accident where someone gets hurt or dies, this tops up your cover over the ₱100,000 that’s covered in your basic compulsory plan. For example, if the claim is for ₱ 175,000, then ₱75,000 (above your compulsory plan’s ₱100,000 limit) will be covered under this extra third-party insurance. Different plans will have different limits that are covered so be sure to check with your provider.

    b. Property Damage (VTPD): This covers the expenses if you accidently hit another car or someone else’s property. It only includes the car and property of the third-party.

    Personal accidents: If you have an accident and you or your backseat driver (or any other passenger!) get seriously hurt or die, this cover will pay a percentage of how much your car is insured for. Not all injuries are covered though, so double check with your provider.

    Roadside assistance: This is your Plan B to get to where you’re going if your car kicks the bucket or gets stolen. Some providers will even tow your car under this benefit, but best to check with them to make sure it’s included.
  • 57.What is a deductible?
    A deductible is what you need to pay (e.g. PHP 2,000) before the insurance kicks in and the provider pays (e.g. from PHP 2,001 onwards). Some providers offer the option to increase your deductible to reduce your monthly charges (aka your premium).
  • 58.What is a “Third Party” in car insurance policies?
    Well, I hope you’re not disappointed but it doesn’t have anything to do with cake and balloons. A third party is someone, (who’s not in your car) who gets injured (or worse), due to an accident caused by your car.
  • 59.Why should I compare car insurance with GoBear?
    GoBear is a free and easy-to-use website that allows you to see a side-by-side comparison of details like car insurance coverage inclusions and exclusions, requirements, claims handling, and even promos. You can compare benefits and low downs of different insurance policies from all insurance companies in the Philippines.

    GoBear is not a broker or a seller, which means all amounts in Peso reflect actual costs from the company at the time of comparison (no commissions or extra charges). Compare online before applying to see how much you can actually save.
  • 60.What are the car insurance companies in the Philippines?
    There are lots of companies that provide car insurance in the Philippines, and some of them are a little shady. GoBear only works with companies licensed by the Insurance Commission – so you don’t have to worry when you’re comparing on GoBear.
  • 61.I bought 2 insurance plans, am I still covered?
    Yep, you’re still covered. But the insurers will share the claim – that means you won’t get double insurance payouts, you’ll only get what the original claim is worth. You seem like a smart cookie, so we’ll leave you to do the math on that one.
  • 62.I’m an awesome driver – I’ve never had an accident! Can I get a discount?
    In the Philippines insurers don’t take your driving history or where you live into account when figuring out your premium. So, there’s no discount… but the GoBear team is sending you bear hugs and high fives for making the roads safer.
  • 63.Can I cancel my car insurance any time and get a refund of my premium?
    Yep, you can. The insurance company will figure out how much you’ve used (as per the Short Period Rate Scale) but you’ll get back the remainder.
  • 64.Can I get insurance even if my car is already damaged?
    Yes, but the existing damages won’t be covered.
  • 65.When should I consider renewing my car insurance?
    Ideally 1-2 months before your car insurance expires. This will give you enough time to renew your vehicle registration and run through an emissions test if you need one. Insurance providers often introduce updates to their plans that might be up your alley, so you should think about comparing car insurance plans on GoBear before you renew!
  • 66.How does the insurer figure out how much to pay me?
    If your car’s a write-off, then the insurer will pay you an estimate of what your car’s worth (the fair market value or sum insured) as per your policy. For replacement parts, it’s a little trickier. They use a thing called a “depreciation schedule” – the older the car, the less the insurer will pay you for its parts to be replaced. For example, a one-year-old car’s axel would get a pay out of the cost of a new axel, minus a specific percentage for being one year old. For a ten-year-old car, that specific percentage might be 10 times higher.
  • 67.Why should I compare car insurance with GoBear?
    Well, it’s simple. We make it easy for you to compare what’s in (or out) of your plan, claims handling, and even promos. Best of all, we’re completely free for you to use. We just show you all the great deals, you compare them, and then you choose what’s right for you. Once you’ve made that choice, we hook you up with the insurance provider to seal the deal.

    We want to be absolutely clear – we’re on your side. All the plan pricing you see comes directly from the insurers. It’s exactly the same as what’s on their website or advertising campaigns. No mark-ups, commissions or extra charges. Just an easy way to compare before applying to see how much you can really save.

  • 68.What will I need to show the insurer when I apply?
    If your car is brand new (mmm, gotta love that new car smell!) you only need to show the sales invoice.

    If you’ve bought a second hand car you’ll need to show:

    1. Official receipt from LTO

    2. Certificate of registration from LTO

    3. Pictures of all sides of the car

    4. Your name and contact details (or your preferred contact person)
  • 69.I am from the BPO industry. Can I apply for a loan?
    Yes, you can. Just visit, fill out the form for personal loans and GoBear will show all the offers based on your needs. The next step is to click "Edit" and change the employment status to "BPO Employee." The page will automatically reload to show the loans applicable for you!
  • 70.Do you compare all insurance companies in the Philippines?
    We work with most insurance companies. We do not play favourites with anyone.
  • 71.How can I make sure that I don’t only get the cheapest quote but also the best quote for my needs?
    GoBear searches in a smart way which enables you to make better choices. You'll enjoy greater transparency when you filter by quotes, ratings or peer reviews. This feature ensures that you can find the best insurance deals to meet your needs.
  • 72.How will I know if my insurance still meets my needs?
    It is always a good time to reassess your current insurance plans. GoBear will help you to find the latest prices and best insurance deals available.
  • 73.Why do I need to buy travel insurance?
    A travel insurance may cover the high costs that can be incurred from any unforeseen circumstances such as luggage loss, cancellation of your trip, serious illness, accidents, etc. It provides you with peace of mind and pocket.
  • 74.What are the different plans of travel insurance?
    The most commonly used categories are:

    Single trip: A short term policy that covers a specific trip, usually always commencing from and returning to the Philippines.

    a. Individual Plan: It covers the policy holder or an individual person.

    b. Family Plan: A policy insurance covering the policyholder and his immediate family i.e. his legitimate children and his legal spouse.

    Annual Cover: A policy issued for a 1 year period covering trips commencing from and returning to the Philippines. This insurance will cover the insured person only. You can also choose between an individual plan and a family plan under an annual coverage.

    a. Individual Plan: It covers the policy holder or an individual person.

    b. Family Plan: A policy insurance covering the policyholder and his immediate family i.e. his legitimate children and his legal spouse.

  • 75. What do I have to take into consideration before choosing a specific travel insurance plan?
    For specific advise you should always liaise with an insurance company or broker (which we are not) but in general it's recommended to check certain needs and expectations you have before taking a decision such as:

    1. Do you travel alone or with your family? How frequently do you travel?

    2. Which country are you travelling to? Do they have access to good hospitals, medical facilities? Will you be travelling to more remote areas where there could be malaria, natural disasters, etc.?

    3. Are you travelling for pleasure or business?

    4. What sort of activities will you be undertaking? Skiing? Diving? Trekking?

    5. What is your budget?

    6. What are your expectations? Do you only require personal accident and medical expenses benefits, or do you also need coverage for repatriation, delayed departure, trip cancellation, loss of baggage or travel documents, etc.
  • 76.Who can get a Personal Loan?
    To qualify for a Personal Loan you need to be:

    - A Filipino/Permanent Resident (PR) or Foreigner.

    - Aged between 21–70.

    Also, you will need to earn at least

    - ₱10,000 per year if you are a Filipino or PR.

    - ₱10,000 per year if you are a foreigner.
  • 77.What can I use Personal Loan for?
    A personal loan is an unsecured installment loan that you can use for pretty much whatever you want. You can use it to finance a medical emergency, a family holiday or even that new laptop you’ve been eyeing on. There are more specialised loan products available if you need to finance your home renovation or education.
  • 78.What is Loan Tenure or Term of Loan?
    The "Loan Tenure" or "Term of Loan" for personal loans can range from 1 to 5 years. Renovation loans are limited to five years and education loans can be up to 10 years. The length of the loan, or tenure, is an important determinant. The longer the tenure, the more interest you will pay.
  • 79.What is the lowest personal loan interest rate?
    Banks revise their personal loan rates from time to time. The lowest personal loan add-on rate is 13.2% (without collateral) and 9.48% (with collateral) per year. This is the flat interest rate – more importantly, is the effective interest rate, which shows the actual cost of borrowing.

    Add-on is the flat rate, which is placed on top of the principal amount you borrowed.
  • 80.Why does GoBear not include the Effective Interest Rate?
    The Effective Interest rate is introduced by moneysense to provide a clearer overview of the cost of borrowing. However, banks have some liberty in definition of effective interest rate and include or exclude certain factors to lower these rates. It is mandated by law for banks to notify you on the Effective Interest Rate.

    When comparing loans of the same tenure, it is easier to look at the total payment you will be making on a loan. At GoBear we include all costs associated with the loan and break it down for you in easy categories so you can see what you are paying at a glance.
  • 81.How does GoBear break down the costs on loans?
    When getting a loan, transparency about costs and repayments is often lacking. To provide you with a better overview, we have broken down all the costs that are associated with your loan:

    Monthly payment: your monthly payment for the total duration of the loan (this includes interest payments and principal repayment.

    Total Payment: Includes all interest paid, all principal repaid and loan servicing costs.

    Interest Payments: All interest that you will pay during the duration of the loan

    Servicing costs: All non-interest payments such as processing fee, servicing costs or annual fees.

    The total payment includes all costs that you will pay when taking the loan plus the repayment of the loan.

  • 82.Are there additional bank fees with personal loans?
    Some banks charge a fixed processing fee. In addition, you can also incur 3% to 5% late payment fees or early repayment fees.
  • 83.What documents are required for a personal loan application?
    These are the most common documents required when applying for a personal loan. You can use the GoBear search to learn the necessary documents needed per loan offer. It differs for each bank.

    1. Proof of Identification: Valid government IDs with a photo and signature

    2. Proof of Income

    a. Employee: latest BIR Form 2316 or W2 signed by employer's authorized representative, Certificate of Employment and Income or last full month payslip

    b. Self-employed: latest ITR with BIR stamp, Latest two years Audited Financial Statements, SEC Registration or DTI Certificate, Business Permit or Mayor’s Permit, Latest six months bank statements, List of 3 suppliers and 3 customers with contact details & Latest GIS (if corporation)

    3. Additional documents for Permanent Resident (PR): Employment Contract or Certificate of Employment, Letter from the Embassy (if Embassy Official) & Valid passport with Resident Visa or Work Permit and valid Visa or Special Investor's Resident Visa and Visas Philippine Economic Authority or Visa with Eo226 or ACR or ICR or ACR1.

    4. Other documents: Latest utility billing statement with residence address & latest credit card billing statement
  • 84.Where is the GoBear office?

    Our PH office is located at the:
    Ground Floor of Salamin Building
    197 Salcedo Street, Legaspi Village
    Makati City,Philippines
    Email us at
    Call us at (+02) 805 8756

    Our headquarters (aka The Bear Cave) is located in Singapore.
    4 Battery Road, Level 28
    Singapore 049908
    Call us at +65 3108 0309