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5 Steps to finding the Right Comprehensive Car Insurance for You

After months of comparing quotes from various car dealers, you’ve finally decided to purchase your own car. But the decision-making does not stop there. You still have to decide on and purchase what car insurance is suited for your vehicle and what actually fits your budget.

A car insurance is a type of policy that is usually purchased by vehicle owners wherein they pay a certain premium in exchange for coverage provided for by the insurance company. This gives financial protection to car owners in case of unforeseen incidents such as damage to the vehicle, injuries while driving the car, and theft of the vehicle insured.

Similar to the tedious research you did prior to deciding to purchase your car, there is also a lot of research needed to be done when searching for the right car insurance for you. For instance, it is easy to assume that since the word “comprehensive” is included in the comprehensive car insurance, does this mean that the policy covers you from all possible damages? Insurance companies offer a variety of coverage for car insurance. However, there are basic inclusions that are present in almost all.

AutoCARE Insurance, a product offered by Cebuana Lhuillier Microinsurance is a standard comprehensive car insurance, valid for up to 12 months, that covers:

Own damage

Theft, loss and/or damage

Excess bodily injury

Excess property damage and acts of God/nature

This includes Auto PA based on seating capacity maximum of 5 seats, including the driver.

In just 5 easy steps, you can avail of a comprehensive car insurance that gives you security whenever you’re on the road.

  1. Visit any Cebuana Lhuillier branch near you.
  1. Request for your preferred insurance policy.
  1. Present the payment for the Certificate of Cover.
  1. Accomplish and sign the Certificate of Cover.
  1. Secure the Certificate.

Take note that you’ll need the following documents, whether in physical copies or digital files:

  • Vehicle’s Original Receipt
  • Vehicle’s Certificate of Registration
  • Driver’s License
  • Valid Government ID

An important thing to note when selecting the right insurance for your car is their financial capability and stability. Like any document you’re signing, it is of utmost importance that you read the fine print and take up any terms within the contract you may find questionable with your insurer.

Last, a comprehensive car insurance policy does not cover everything so finding the right policy that covers your needs. As a precaution, choosing a policy that covers Theft and Acts of Nature is a smart move.

The Process of Applying for a Business Loan

If one goes to a typical bank, applying for a business loan could become a complex procedure. In fact, traditional banks make the loan application so tedious that it makes some entrepreneurs nervous or anxious about their chances of approval. The application process in itself is a challenge given the number of requirements involved.

So, if you find that applying for a business loan is a daunting task, read on because there’s a better way.

Cebuana Lhuillier, the country’s top community-based lending and money remittance firm, makes everything easy whether you’re an experienced business person or a first-time entrepreneur.  The company believes that its customers must receive fast, convenient service especially when it matters most — when they are in need of cash to put up or sustain a business.

In just four easy steps, you can finally work on your way to making it in the business. Read on and learn how you can apply for a business loan absolutely hassle-free.

  1. Prepare the loan requirements

The first step is to prepare all the loan requirements.  These include at least one valid government-issued I.D., your business permit, and proof of income.  The proof of income may either be a payslip for a full month or an Income Tax Record (ITR).  A sales record or bank statement may be used by self-employed loan applicants.  It is also important to submit a proof of billing such as a statement of account or receipt for electricity, water, or cable T.V.  A credit card billing which shows the applicant’s address is also acceptable.

  1. Submit the requirements

After gathering all the loan requirements, one needs to submit these documents to a Cebuana Lhuillier branch.  There are more than 2000 Cebuana Lhuillier branches around the country. It is best to choose the branch that is nearest to your residence or workplace.

  1. Fill out Application Form

Make sure to ask for and completely fill-out the loan application form. It is important to write complete and accurate information for all fields cited in the application form.

After signing the forms, return it to the sales agent or staff at Cebuana Lhuillier and wait for their advice. It normally takes Cebuana Lhuillier at least three days to review and process the loan application.

  1. Wait for the Loan Approval

Cebuana Lhuillier has made its loan application process so easy and customer-friendly. The loan applicant will actually receive a text message once his or her application is approved. Once you receive notification about the loan approval, there is only one more step to take.

  1. Coordinate with the Cebuana Lhuillier Sales Agent for the next steps and other requirements.

The last step is to coordinate with the Cebuana Lhuillier sales agent who will provide additional information on how to secure and receive the loaned amount.

The funds or proceeds of the loan are given at the Cebuana Lhuillier branch where the loan application was filed.  The person who applied for the loan must present a valid identification card and the “Release Code” that was sent by Cebuana Lhuillier via text message.

Since there are more than 2,000 Cebuana Lhuillier branches around the country, claiming a loan has never been so easy and accessible.

Once an applicant receives notification of loan approval, he or she must immediately take the next steps to receive the funds or proceeds.  Approved loans are valid for seven days. If the loan is unclaimed after seven days, Cebuana Lhuillier would consider the loan as cancelled or revoked.

Given the five easy to follow steps in getting loan with Cebuana Lhuillier,  the goal of becoming successful in business is now more attainable than ever.

Image source: https://images.pexels.com/photos/261664/pexels-photo-261664.jpeg?w=940&h=650&auto=compress&cs=tinysrgb

Important Things to Remember Before Applying for a Personal Loan

There are few important points to consider when applying for a personal loan. In this article, we’ll be discussing the steps you need to take before taking out a small business loan.

A small business loan could mean the difference between daydreaming and actually making your dream come true.

Maybe you’ve held that idea in your mind for such a long time. But you already know that all you need is a small loan.

With that small loan, you can finally execute your plan of building a business.

But where do you start? Consider the following smart steps before applying for a business loan:

  1. Know Your Purpose

A personal loan can be used for just about anything. You can use it to buy the latest pair of sneakers or to snag the latest smart phone in the market.

So, in this article, our aim is to take out a loan to start a business or to support an existing enterprise.

Knowing your purpose for the loan will prevent you from misusing the funds and missing your goal.

  1. Clearly Identify How Much You Need

What aspect of the business needs funding? Are you a start-up that needs to fund every single item in your list from the business registration to buying an initial inventory? Will you use the funds for the business space or store rental?

Identifying how much money you need to borrow is closely tied to the first step, which is knowing your purpose. Knowing exactly how much you need to borrow is also dependent on your market research. For example, if you need to rent a store space, the wise thing to do is to survey the rental market to see the prevailing rates in the locations that you prefer.

  1. Review Your Capacity to Pay

In reality, it’s easy to borrow money but hard to pay.  Getting a business loan from a bank or a lender is relatively easier since it is part of the services they offer. It is only a matter of being qualified to take out a loan. One of the qualifications or requirements that banks or lenders prioritize is one’s capacity to pay.

Check your cash flow if you can generate and save enough cash to make good on the monthly payments for your loan. Ask your loan provider about flexible loan payment terms to make sure you have the ability to pay your loan on time.

Remember, you needed extra cash in the first place and that is they reason why you need a loan. Knowing your capacity to pay will help protect you from penalties for late payments or loan delinquencies.

  1. Select a Loan Provider

Selecting a loan provider is very important because it will dictate what kind of loan you can take, how much loan you can apply for, the type of payment schemes available, and the requirements you need to prepare for loan application.  Of course, the industry reputation and services offered by the loan provider are essential points to consider.  The loan provider must be fair and complies with industry standards and best practices.

  1. Prepare Loan Requirements and Other Documents

The last important step is to make sure you have prepared all the documents that must be submitted to the loan provider. These documents may include pay slips, latest tax payment receipts, or documents for your collateral.

Starting and staying in business is a challenge. But it is a challenge that can be overcome as long as you get enough support or assistance.

For many entrepreneurs, a small business loan is enough to pump prime the store or shop to better profitability.

For start-ups, a small business loan is exactly what is needed to translate a vision into reality.  So whether you are a seasoned entrepreneur or a budding business person, make sure to take out the right loan with the right amount and with the right loan provider. Taking the rights steps in applying for a loan is a path that will you to success.

Image Source: https://images.pexels.com/photos/296878/pexels-photo-296878.jpeg?w=940&h=650&auto=compress&cs=tinysrgb

5 Ways How a Business Loan Can Benefit You

Taking out a loan has always been thought of as negative since it is equated with being in debt. Yet there are good reasons for applying for a loan.  If a person or a company knows the difference between good and bad debt, then having loan can indeed be a positive step forward.

First things first, what makes a loan good or bad?  Well, a bad loan is debt that is used for frivolous and unnecessary spending.  A good loan, in the context of business, is the use of borrowed money to start or expand an enterprise. In short, a good loan builds the business while a bad loan is borrowing money for wasteful spending.

A business loan can be truly beneficial for the following reasons:

  1. Start-Up Fund for Your Business

Applying for a loan makes sense especially for new entrepreneurs or start-ups. Reality is, as they say, it takes money to make money.  Putting up a business requires having a sufficient amount of start-up capital.  Start-up capital is used to pay the government registration fees including the business permits, stocking up on inventory or supplies, setting up a store or office, buying or renting the office space or shop, and paying your employees’ salaries.

  1. Improve Your Cash Flow

For established businesses, taking out a loan is beneficial when the proceeds or funds are used to improve cash flow.  Cash flow is defined as “the total amount of money that moves in and out of a business”.

For example, the amount of money that is invested for day-to-day operations is called operating cash flow.  This includes the money used to buy and stock inventory, wages of employees, bills paid for business utilities, transportation costs, among others. When a business does not have enough money to sustain the daily operations, taking out a short-term loan may be one of the options available.

An even better example for improving cash flow is when a business owner uses a loan to purchase more stocks or items to be sold.  In some cases, the borrowed money is used to buy more equipment and other materials which will then be considered part of the business capital outlay.  At the surface, this is money being spent outside the business to purchase goods which in turn, will increase productivity and sales for the company.  The improved productivity and sales, of course, will bring in positive cash flow back into the company. As a result, the business grows.

  1. Business Expansion & Maintenance

There are instances when an entrepreneur sees a new opportunity to enter into another line of business.  Once he or she decides to expand into a new business line, more money is needed to serve as capital. Taking out a business loan is a viable alternative when the potential for financial success outweighs the risk of borrowing money.

Established businesses also resort to loans when much-needed maintenance is needed. This is very common in businesses involved in manufacturing and food services. Manufacturing businesses usually use a number of machines that need to be repaired or replaced.  Food service companies like restaurants, on the other hand, periodically need to replenish stocks or renovate their shops in order to remain competitive. When the daily incomes or net earnings of the company are insufficient to fund the maintenance needs or planned business expansion, a business loan is a reasonable option to consider.

  1. Emergencies

Emergencies do happen to businesses.  Whether it is fire, severe flooding, earthquake, and other natural or man-made disasters — these unfortunate events cause damage to the business and to the people who run it.  A business loan will be a lifeline to sustain or revive a business that has been struck by an emergency.

  1. Hiring New People

A business loan is also a useful tool in helping a company pole vault to success.  Such pole vaulting often involves hiring good talent, which takes money.  Whether one hires for top management, supervisory, or rank-and-file positions, the hiring process inevitably takes a certain amount of funding from publishing the job vacancies to making actual job offers to applicants. Of course, once new people are hired, it creates a new line of expense in terms of additional payroll. When a company or business leader sees that the benefits of hiring new people to run the firm outweighs the costs of repaying a business loan, borrowing money becomes logical and necessary.

While no one wants to be in debt, there are strategic uses and proven benefits to taking out a business loan. With a clear purpose and a right strategy, a business loan can make a business reach higher heights of productivity and profitability.

Image Source: https://images.pexels.com/photos/196655/pexels-photo-196655.jpeg?w=940&h=650&auto=compress&cs=tinysrgb

Low Cost Insurance for Minimum Wage Earners

The inevitable day when one passes away is a reality to all humans. However, minimum wage earners are the most at risk when facing natural calamities, such as typhoons, earthquakes, etc. They also put themselves at risk daily with incidents of crime and road accidents.

Whether man-made or brought about by nature, these risks and threats need to be managed or prepared for by wage earners not just physically and emotionally, but also through financial means. Financial preparation is, however, another tough challenge for most working people. Whatever risk one faces, it is important for everyone, especially minimum wage earners to be prepared, especially financially. But since money is tight for minimum wage earners, it is a challenge to be financially prepared for risks and crises.

Imagine being a minimum wage earner with a take home pay ranging from Php 264 to Php 491 per day, depending on the nature of work and location. With this amount, a typical earner prioritizes for his and his families’ basic needs – food, shelter, and school expenses for the children. More often than not, they end up with little or no extra income to set aside for insurance. This makes the impact greater when unforeseen incidents such as illness, accidents or death happen, greater not just for the earner but for his beneficiaries as well. With the prevalence of “5-6” loans, those in need of immediate financial aid resort to these financial schemes which later push them to long-term debt. Requesting aid from employers in the form of salary deductions is also an option they mostly choose. But similar to 5-6 loans, this is not something that would help them in the long run. 

Knowing this, the country’s top pawnshop and remittance company Cebuana Lhuillier developed a micro-insurance product that is simple, affordable, and accessible to every minimum wage earner. The term micro-insurance, in essence, is about providing benefits to people who need financial assistance in exchange for low-rate premiums. For as low as Php 40 or the same value of a mid-priced, kilo of rice, an individual can receive cash benefits as high as Php 20,000 for accidental death or dismemberment, Php 5,000 fire cash assistance, and Php 5,000 micro-life insurance.

Cebuana Lhuillier made sure that appropriate risk protection plans for low-income individuals and members of the informal sector are made available as a way for them to financially prepare for the risks they face daily. With micro-insurance, everyone, especially minimum wage earners in need of financial assistance already has a viable option and a sure financial aid. Micro-insurance products like Cebuana Lhuillier’s Alagang Cebuana Plus Gold can help minimum wage earners rebuild their lives after a sudden loss, sickness, or accident.

With more than 2,000 branches nationwide, a wage earner can simply walk into any Cebuana Lhuillier shop and fill-out the forms. Claims processing only takes 24 hours and requirements are also very easy to comply with.

Indeed, through micro-Insurance, minimum wage earners are assured that they and their loved ones are protected.

How to Improve Your Food Business Cash Flow

Having a food business is one of the best ways to create positive cash flow.  Since food is a daily necessity, there is always a market ready to buy as long as what you serve is quality food that is reasonably priced. It also helps if your restaurant, eatery, or food stall is located in a high traffic, high volume place easily reached by customers.

There are many ways to improve cash flow including having a rationalized staffing plan, having a timely stock inventory, or reducing waste in food production.  There is a reason for the cliché, “Cash is King.” The flow of cash in and out of your establishment determines whether you stay in business or not. But as all people who are into a food business already know, it is not that simple.

The reality is, being in the food business is a challenging endeavor. Needless to say, competition is stiff given the availability of hundreds, if not thousands of choices. Just walk along any busy street and you will find endless options ranging from the upscale restos, mid-range priced diners, or the more ubiquitous food stalls and carinderias that all offer a good menu that is priced just right for their niche market or a certain type of diner. What if a newer restaurant suddenly sets up in front of your venue and gives you a good “fight?”  Can you handle the change in cash flow when some of your regular or would-be customers move to the other side?

Or how will you handle the change in the price of commodities like rice, meat, fruits, and vegetables? This would surely upset your usual budget for the restaurant kitchen or commissary. Even the supplier you’ve known and trusted for years might instantly yank up prices in order to keep up with inflation and market forces that dictate how much food items cost.

Have you even considered the need to constantly innovate not just your menu but the total dining experience in your restaurant?

Perhaps it is time to do a renovation of the dining area or the kitchen of your restaurant?

Perhaps you are in the food manufacturing business and you find yourself needing to invest in the latest equipment for cooking and packaging your food product.

Indeed, there are challenges that affect your cash flow and, ultimately, the bottom line of your business. But for the true-blooded entrepreneur or businessman or woman, the only acceptable result is success.

Succeeding in a food business — whether it is in producing and packaging food, having a restaurant, a food stall, or even participating in a food park — the key is always found in the infusion of capital. This is another proven way to improve one’s cash flow.

While it may sound counter-intuitive, getting a business loan is a good option. With a business loan, you can bridge the gaps that bleed your business. As a financial tool, a business loan can literally save your business and bring it back to life.

Cebuana Lhuillier’s Business Loans have helped food entrepreneurs and other people who entered into a business of their own. (We started offering our business loans only this year. Karl) The loans offered by the country’s top remittance company are affordable, flexible, and accessible to people from all walks of life.

Having a food business may be a daily challenge. It takes long hours of work and a genuine passion to keep your customers satisfied. With a well-calculated loan, taking your food business to the next level will be an achievable goal. If done right, pump priming your business will help ensure that cash flows back to you like an unlimited buffet of success.

How Micro-Insurance Can Save Your Life

Are you prepared? Are you ready to save your life and those of your loved ones? These are important questions that beg serious answers.

Risks and dangers are part of our daily existence. We live in a country that is ravaged by numerous typhoons and earthquakes. Flooding, landslides, and other natural disasters bring untold damage to millions of lives almost every year.

Aside from natural calamities, we also need to be aware of the threat of fire. A large fire at home could wipe out all of your earthly possessions, turning all you’ve worked hard for into a heap of ash. A car accident could also wreck your car and mortally threaten your life and limb. Worse, a sudden illness could wreak havoc in your family budget with the exorbitant cost of medicines and hospital care. However, there is no need to fret nor lose hope because of the many ways we can protect ourselves and prepare for these risks. One of the most effective tools available to protect us and our loved ones is called Micro-Insurance.

Micro-Insurance is a financial product that aims to protect those with low income against specific risks in exchange for low premium payments. The premium is proportional to the costs and the likelihood of risks to occur. In simple terms, micro-insurance enables a person to have access to financial support should they suffer from natural or man-made disasters or accidents.

Indeed, micro-insurance can literally save your life because of these outstanding features:

Super Low Premium, High Benefits. Some products such as those offered by leading remittance company Cebuana Lhuillier offer micro-insurance for as low as Php 40. Even with such a low premium, the cash benefits can range from Php 5,000 to as high as Php 20,000 depending on the insurance type and premium coverage.

Custom Products to Suit Your Needs. There are many micro-insurance products designed to meet the specific needs of its policy holders. A daily wage earner working in the city has insurance needs that are different from that of a hardworking farmer in the province. The good thing is that companies like Cebuana Lhuillier have many micro-insurance products that are custom-made for workers, farmers, and even security guards and senior citizens.

Accessible All Over the Country. With over 2,000 branches all over the country, Cebuana Lhuillier’s micro-insurance is truly accessible to people from all walks of life.

Easy & Fast Processing. The best part about micro-insurance with Cebuana Lhuillier is the fast and easy processing of applications and claims. It only takes filling out a form to get insured.  Get your cash benefits within 24 hours upon filing a claim.

Despite the many risks people face daily, one can still live in peace provided that adequate prevention, protection and care is taken every step of the way.  Through appropriate, affordable, yet highly beneficial micro-insurance, you can truly save your life and those whom you value most.

How can a Car Insurance Save you Money

Having a car insurance is a real money saver.

Most governments around the world make it a requirement as part of motor vehicle registration. But not too many people realize how much cash they could save by having appropriate insurance coverage for their car.

In general, having good car insurance offsets the often stress-inducing costs of paying for vehicle repairs. A minor fender-bender or worse, a total wreck will surely create havoc on one’s wallet. It costs thousands of pesos to pay for body dent repair, vehicle repaint, and replacement of car parts damaged in a car accident. Of course, the financial cost of replacing a broken car engine and other major internal parts is another burden no one wants to carry. But with car insurance, you can save yourself from a lot of stress and payments by making the insurance company foot the bill.

Another clear benefit of having a car insurance is when your policy covers compensation for stolen vehicles. Thus, it is imperative to protect yourself from whatever situation your vehicle may be put at risk with car insurance.
Surely, the benefits do not stop there. In every car accident, there is a very high likelihood that people will get hurt. If you are the one responsible for the accident, then the hospital bills – from the initial doctor’s consultation, emergency treatment, hospital room charges, and medicines are to be charged to you. You can also expect additional costs for physical rehabilitation sessions for the car accident victims. All these expenses will be paid for with your hard-earned money. Again, if you have good car insurance, the problem is as good as solved and most of the hospital bills will be paid for by the insurance company.

In case that your financial capacity is large enough to cover repairs for the car and hospital expenses of car accident victims, you must remember that everything could turn for the worse once a court case is filed. Naturally, you would have to go to court and eventually settle with the complainant (assuming you take full responsibility for the car accident).  Aside from the indemnities that must be paid to the complainant, one must also factor in the litigation expenses, including the lawyer’s fees which could easily cost you thousands of pesos. Having car insurance that covers part or the entire cost of litigation and other related court or lawyer’s fees is surely an advantage.

While nobody wants an accident to happen, there might be a severely unfortunate case when a victim dies. When this tragedy occurs, the one responsible for the accident would naturally seek to make amends and help out the family of the victim or victims to the fullest extent possible. This again would entail a huge amount of cash for payments for the memorial services and other forms of assistance to the family of the car accident victim. For these reasons, having car insurance covering death benefits in favor of car accident victims is another advantage. The car insurance would also take care of the benefits that would be received by family members of the insurance policy holder, in case it is he or she that passes away due to the accident. In this situation, it is the family of the deceased that will save money.

In summary, being prepared for accidents is a good thing. Having good car insurance offered by a reputable company saves you money during times you and your family would need it most – in this case car accidents and other vehicular incidents.

Good Debt and Bad Debt, What’s the Difference?

Good Debt and Bad Debt – what’s the difference? Aren’t all debts bad?

To make it simple, a good debt eventually puts money back in your pocket while a bad debt is like a sinkhole pulling you down.

But first things first, why do people get into debt?

For most people, borrowing money from a friend or relative is seen as a last resort. Cash becomes short typically after unexpected events such as sudden illness or death in the family, a fire that destroys a home and other possessions, or even the physical loss of money. To make ends meet, a person in need reaches out to one’s close friend or family member. For these situations, borrowing money and getting into debt is necessary.

Bad Debt. Truth be told, a lot of people get into debt for less than ideal reasons. Driven by uncontrolled purchases of and living beyond one’s means, some people slip deeper and deeper into a quicksand of loans.

But you might say that it is impossible to avoid buying stuff or making purchases as part of daily living. That might be true for essentials or those that you absolutely need to survive such as spending money for food, water, shelter, and to send kids to school.

Bad debt occurs when one spends money that he or she has not yet earned. The best example for this is the abuse of credit cards. It is so easy to swipe away payments for purchases with that credit card and walk out of the mall with hands clasping several shopping bags. Irresponsible spending is using credit cards or loaned cash to buy that latest pair of sneakers when you already have ten pairs of shoes at home. Many realize far too late that a credit card is not cash for spending, but a little piece of plastic that lulls them into debt.

Getting a loan just to satisfy a luxurious food craving or a fashion addiction are also examples of bad debt. Taking expensive vacations using borrowed money is also bad debt. In short, a bad debt is made when a person borrows money to spend on frivolous things. A bad debt is money that is spent on stuff that does not grow in value, but instead depreciates over time.

Some examples of liabilities or purchases that depreciate over time include shoes, clothing, a car (albeit some argue that it is a necessity), a fancy watch, and other items that simply empty your wallet. These items actually give birth to other expenses that could further add to your list of debts. Take out a loan to buy that shiny car you’ve always wanted, only to spend more money on gas, new car registration fees, and other vehicle maintenance expenses.

Good Debt. For sure, not all debt is bad. As previously mentioned, a good debt is one that puts money back in your pocket. One could probably take out a huge loan to buy a car that is later used as private car-for-hire, bringing in extra income.

Another example of good debt is getting a business loan to put up that coffee shop or food stall you’ve always dreamed of. Maybe you’ve had a business idea, a product, or service you want to turn into a full-time venture if only you had the financial capital. A small loan for a cellphone upgrade that you can use to start a loading business is also good debt. With a well-planned business loan with affordable terms of payment, you can pursue that dream and create an income stream that will let you pay off the debt while laying the foundations of financial independence.

In sum, one must know the difference between good and bad debt. A bad debt provides short term pleasure but eventually traps you in a cycle of financial hardship. On the other hand, a good debt is well-planned and necessary that eventually produces positive cash flow making your life better in the long run.

To know more about good debt and easy business loans, check out www.cebuanalhuillier.com.

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  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)