So which means you'll shave an extra $1,000 for every year of the life of the mortgage, serving to to speed up the method of paying off your loan. Payday loans are fast. 2. Assertion of Property and Liabilities duly prepared by accountant and authorized correct by the borrowers for loan amounts of P500,000.00. But small businesses are the spine of a rising economy, and the present day NBFCs or non-banking monetary companies do understand that.