Cebuana Loan: Cash Loan, Requirements, Application - How to Loan?

What is Cebuana Lhuillier?

Cebuana Lhuillier is a Philippine-based pawnshop and financial solutions provider. It was founded in 1953 but formally established in 1988. Since then, the company has expanded its services to include money remittance, foreign exchange, insurance, bills payment, business microloans, and quick cash loans. It also has an online app that allows customers to transact business without having to visit a physical branch. The company has over 2,500 branches nationwide.

Cebuana quick cash loan, how does it work?

Many people are asking, “Can I borrow money in Cebuana Lhuillier?” The answer is yes! Cebuana Lhuillier offers a quick cash loan solution called "Happy Loans." This is a non-collateral loan product that can be availed of by any individual who is of legal age, employed, and a resident of the Philippines.

Happy Loan

Cebuana Happy Loan is a five-point application to disbursement process that makes it much easier for borrowers to get access to the Cebuana Lhuillier loan facility. With fewer documentary requirements and easy terms, it’s a great option for individuals looking for quick cash. Lucky Loans, on the other hand, is a micro loan extended to small and medium enterprises that are looking to expand and grow their business.

How much is the Cebuana loan?

Cebuana Lhuillier offers loan amounts anywhere from PHP2,000 to PHP15,000. This is a great option for those who need cash without the need for collateral. Borrowers are expected to repay the loan within 3 to 4 months, depending on the type of loan.

Cebuana loan interest rate

The interest rate for Cebuana Lhuillier microloans is anywhere from 4% to 10% per month. This may seem like a high interest rate, but it is comparable to what other pawnshops and lending companies charge.

Is Cebuana Lhuillier loan legit?

Yes. Cebuana Lhuillier is a legit company that’s registered with the Securities and Exchange Commission (SEC). It has a Certificate of Authority to operate as a financing company.

Being registered with the SEC gives the company credibility and legitimacy. It allows Cebuana Lhuillier to offer its services legally. It also protects investors and consumers as the company is required to disclose certain information about their business practices.

How long does it take for the money to arrive?

Upon submission of the Happy Loan Cebuana application form to the branch, Cebuana Lhuillier will review it. It usually takes 3 to 5 days for the loan to be processed. It can sometimes take longer depending on the branch. Busier branches usually take longer than usual to process.

Once approved, you will be notified through a text message and you will receive the loan release code, which you need to claim the loan from the branch. Be sure to claim your loan within 7 days, otherwise, the approved loan will be cancelled.

Cebuana loan benefits

• Quick and easy application process. Borrowers can apply for a loan Cebuana at any branch nationwide.

• Loan requirements are minimal.

• Convenient disbursement and repayment options. Loan proceeds can be deposited directly to your bank account or picked up at any Cebuana Lhuillier branch.

How to apply for a Cebuana Lhuillier loan?

If you’re wondering how to apply a cash loan in Cebuana, just visit the branch nearest you. For Happy Loans, the process is simple and straightforward. First, you must fill out an application form. The form must be properly accomplished and submitted together with the required documents. Once approved, you can collect the money at any Cebuana Lhuillier branch.

At this time, there’s no facility yet for a fully digital Cebuana loan online application.

Cebuana loan requirements

In order to get a loan from Cebuana Lhuillier, there are some Cebuana Lhuillier cash loan requirements that you need to meet:

• Accomplished application form

• One valid photo ID (e.g., passport, driver’s license, SSS, GSIS, etc.)

• Proof of income

• Latest pay slip (1 month)

• Certificate of Employment

• Latest Income Tax Return (ITR)

• Proof of residency (e.g., billing statement of Meralco, Maynilad, )

• For a pensioner with a regular monthly pension: Proof of entitlement or bank statement

• If unemployed but receiving a monthly remittance:

• Proof of payout transactions (latest 3 months)

• Certificate of Remittance

Loan calculator

When it comes to loans, one of the first things you need to consider is your monthly payments. You can use a loan calculator to get an estimate of your monthly payments. Just enter the loan amount and term of the loan and the calculator will do the rest. This is a helpful tool because it gives you an idea of how much you'll be paying each month. That way, you can budget accordingly and make sure you can afford the loan.

For pawning, Cebuana Lhuillier offers an appraisal calculator on their website. This is a useful tool for those who want to check the value of their belongings before pawning them. To use the calculator, simply enter the item's weight and karat purity. The results are based on the current gold price and Cebuana Lhuillier's buying rate. You can get an estimate of how much your item is worth. This is a valuable tool that can help you get the best deals when pawning your items at Cebuana Lhuillier.

How to pay for the Cebuana loan?

You can pay your loan at any Cebuana Lhuillier branch nationwide. Fill out the payment slip and hand it over to the teller together with your payment.

What happens if I can’t pay?

If you're unable to pay your quick cash loan Cebuana for any reason, you will receive notifications regarding the status of your loan, and they will demand payment. They may charge a late payment fee on the outstanding balance. If you continue to miss payments, the loan will be considered in default and legal action may be taken against you.

Cebuana Xpress App

If you don’t get approved for a loan, Cebuana Lhuillier has got you covered with their Cebuana Xpress App. This Cebuana loan app allows you to pawn your jewelry quickly and easily from the comfort of your own home. All you need is a smartphone and a reliable internet connection.

To use the app, simply take a photo of your jewelry and upload it to the app. Once you've done that, Cebuana Lhuillier will appraise your jewelry and give you a loan offer within minutes. If you accept the offer, just send the jewelry and Cebuana will release the funds in your account.

It’s a great alternative if you have pawnable items. You can turn your old jewelry, electronics, or other valuables into cash. What's more, the Xpress App makes it easy to keep track of your pawned items. And because the app is powered by Cebuana Lhuillier, you can be sure that you're getting a fair price for your items. You can also use the app to send or receive payments, pay bills, or buy a load.

So, if you're ever in need of some cash for your bills and expenses, be sure to download the Cebuana Lhuillier Xpress App from the Apple App Store or the Google Play Store.

Cebuana Lhuillier, customer service

• Contact numbers:

• PLDT: (+632) 8779-9800

• Globelines: (+632) 7759-9800

Inquire via text message

• Globe 0917-8122737

• Smart 0918-8122737

• Viber app 0917-8122737

• Email address: cebuanacares@pjlhuillier.com

• Address: 1782 Candelaria, corner Nicanor Garcia Streets, Makati City, Metro Manila, Philippines

Use Cebuana Lhuillier’s branch locator to find the branches near you as well as their contact numbers.

Cebuana Lhuillier loan reviews

Cebuana Lhuillier is popular among borrowers who want a no-frills loan application with minimal documentary requirements. It has a generally positive review because of how easy it is to apply for small loans for unexpected expenses.

One common complaint is the slow processing of loans, which usually happens in busier branches. This can easily be remedied by visiting other branches in your area. Overall, Cebuana Lhuillier is a great option for those who can’t get a loan from banks and other lending companies.