Qualify for a Business Loan by knowing the 5 C’s

Qualifying for a loan is tough, more so if it’s a business loan. To be more specific, the process may take a while if you haven’t set things straight, even before you pass your application. The lender may see a few holes in your requirements which could affect the outcome. Your vision of a great business may be great, but all of that would amount to nothing if your loan gets rejected. All the time and effort put into gathering the requirements wasted, just because you forgot to focus on some important factors along the way. With all of this being said, you should always remember the 5 C’s in qualifying for a business loan. Keeping these in mind would not only smoothen the process, but it may also provide the lender enough reason to grant you the well-needed fund for your dream venture:

1) Capacity

This would refer to your ability to repay the loan. Remember, the reason why it’s called a loan is because it is basically “borrowed,” so you would need to pay it back in a given amount of time. The lender is going to take a deeper look in your income, they’re going to evaluate your cash flow, whether or not it would be enough to at least provide you with the amount to pay them back on a monthly basis (per your agreement during the process). In short, your “capacity” to deliver what is written on the contract in a timely manner. This also refers to your credit history. They’re going to have a look at your past repayment history, both business and personal. Always indicate every possible source of repayment at your disposal.

2) Collateral

This is basically a form of penalty, just in case you fail to pay back the amount that you had borrowed. This may come in the form of buildings or equipment owned by your small business or by you personally, including your home, car, appliances, etc. Collateral may also include a guarantee by someone else that, just in case you wouldn’t be able to pay back the whole amount, the other person will. Take note that loan guarantees are more known by the other term, “co-signer.”

business-loan-capital

3) Capital

This refers to the preliminary investment that a business owner must provide, thus giving the lenders a glimpse of his vision and business strategy. It’s only appropriate to provide the lenders an assurance that you will be putting the amount to good use, before they even consider making a business loan. The loan officer will evaluate the amount that the business owner has to offer.

4) Conditions

This is defined as the “overall economic climate and external environment surrounding the bank and the business firm.” If the current economy is at an all-time low, it would be difficult for the borrower to pay back the amount, while at the same time make it difficult for the lender to come up with the amount to be loaned. Conditions may also refer to “the intended purpose of the loan.” Is it for equipment? Is it for supplies used for the business itself? Feel free to provide the complete details to the lender.

5) Character

Are you trustworthy enough to handle the lender’s money? What is your current reputation in the industry? Yes, this may be subjective, but your character would determine the type of business owner you are. If you are found to not handle your past finances and transactions well, the loaning officer may reject your application, seeing that you did not honor past transactions smoothly. The opposite happens if they see you as responsible and reliable business owner. Remember, respect begets respect. The honor that you bring towards your business partners and lenders would be a main motivator for your future transactions and ventures.

After learning the 5 C’s, get a jumpstart on your business venture with a trusted name that offers only the best service possible. Cebuana Lhuillier’s Lucky Loan is definitely your top choice. It is a multi-purpose loan offered to registered entities such as tricycle operators, credit cooperatives and other groups, as well as SMEs such as restaurant and mini groceries, among other businesses. Our network of more than 2,200 Cebuana Lhuillier branches and online presence give customers unlimited access and utter convenience in applying for a loan. Our five-point application to disbursement process ensures services are delivered on time. So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

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Most Useful Things You Can Use Your Personal Loans For

Personal loans are more flexible than any other types of loans, in the sense that they provide you with more options on where you’re going to use them on. Of course, you may already have a goal in mind even before you got the loan amount, since this would be one of the main questions asked by the lender. In some cases, this question wouldn’t be even asked; instead, the concern of you being able to pay back on time would be the focus of their inquiry. This would leave you with more time to decide on where you’re going to use your personal loan on. Just in case you haven’t made up your mind, we enumerated a few important ones for you to consider along the way:

1. To pay off your immediate debts.

Yes, we know, it’s a bit discouraging to apply for an amount that you’re just going to use for unpaid bills and other financial obligations, but consider this: immediate debts are much more unforgiving than those which you can pay off in installments, such as a loan. This would give you a much-needed cushion to set your budget straight and earn more to pay for everything else. If you have credit card debts, you would definitely need a personal loan to pay off, so as to avoid ruining your credit score and history.

2. To be used on a much-needed purchase.

This isn’t limited to cars, as gadgets and clothing are also a part of the purchase list. If you need to treat yourself to a few great items, it may be too tasking to rely on your salary and savings alone, so you must turn to a personal loan to lighten up the load. Take note that you should only avail things which you truly need. You may purchase a new smartphone as your old one gave up on you, or you’re hoping to fill your wardrobe as your recent attires are beginning to fade and amass holes on them.

purchase-personal-loan

3. Go on a well-deserved vacation.

Everyone needs to relax sometimes. If your stress levels are reaching a new high, then your personal loan may help fund your dream vacation. Go on a cruise or enjoy the white sandy beaches of a nearby island. The best thing about this option is that you can strategize well, in order to avoid spending all of the amounts from your loan. Vacation packages are more affordable, and you’d even have leftovers from your account, just enough for a few souvenir shopping before taking the return trip.

With all of that being said, you may definitely want a loan service that would best be applicable to your needs, without all of the hassles. Look no further than Cebuana Lhuillier’s Happy Loan, a multi-purpose loan amounting to Php 5,000, Php 10,000 or Php 15,000 offered to any individual who is employed, self-employed, student, or a remittance beneficiary. Our network of more than 2,200 Cebuana Lhuillier branches and online presence give customers unlimited access and utter convenience in applying for a loan. Our five-point application to disbursement process ensures services are delivered on time.

1st MEFIN Meeting at the NCVI

Advisers and Members of the Mutual Exchange Forum on Inclusive Insurance, Inc. (MEFIN, Inc.) (L-R) Mr. Bernard Reyes, Vice President of Western Guaranty Corporation; Mr. Jimmy Loro, Senior Adviser of GIZ RFPI Asia; Atty. Juan Paolo Roxas, Microinsurance Division Head of Insurance Commission; Ms. Melinda Grace Labao, Manager for Sales and Partnership Relationship of Pioneer Insurance; Ms. Raquel Capio, Senior Adviser of GIZ RFPI Asia, Mr. Jonathan Batangan, Vice President and Microbusiness Group Head of Cebuana Lhuillier and MEFIN President (3rd from left) Mr. Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier during the First Organizational Meeting held at the Networld Hub in Makati City last November 23.

 

The MEFIN Network, formed in May 2013 through the assistance of the GIZ RFPI Asia is a collegial body of insurance policy makers and regulators in Asia. It is established as a platform of peer-to-peer learning among policy makers and insurance regulators as it develops and implements programs to provide mutual benefit to its members in advancing inclusive insurance solutions. MEFIN aims to create impacts of regulation and supervision along dimensions of market development, institutional development and client value for the benefit of the poor.

 

Important Things New Car Owners Should Remember: Before, During and After Purchasing

So, you finally saved enough to buy a new car. You’re probably thinking, “Well, I can purchase any car I want. As long as it’s brand new and has the best review, I can definitely give myself a great ride.” It sounds too easy at this point, only to find out after a few months that you had left off a few important factors along the way. Now you’re wondering, “What went wrong?” Well, to be fair, there is always a first time for everything. There are learnings and reminders that you’d need to accomplish in order to get a great deal out of a car purchase. With this in mind, we had enumerated a few pointers to consider before, during, and after purchasing a car. These factors would greatly help in terms of finding the right deal and right amount for owning a ride.

1. Before: Do an extensive research on car brands and current prices.

As with all types of purchases, learn to compare prices. Yes, acquiring a car with a well-known brand may be an easy takeaway, but be sure that the brand isn’t the only reason that you’ll be buying a car. Remember that different brands offer various features and functionalities in their cars. Find a ride that will provide you with the best functionality and price. Expensive doesn’t always translate to efficient; consider mileage and wear and tear when looking to buy a car.

2. During: Don’t buy the deal, buy the vehicle.

Remember when we said that expensive doesn’t always translate to efficient? It can also go both ways, meaning that cheap doesn’t always translate to better deals as well. Always ask the question,” What am I going to use the car for?” This will help you a lot in distinguishing which ride/car brand and model would best serve you in the long run. Also consider the frequency of use. How often will you be using the ride? If a dealer offers a cheap promo, try to look for holes within the sales talk. Why are they offering it at a low price? There are always reasons behind every business decisions, and a promo product may be hiding a deficiency in its very own system. Low price and promo may save you a lot at the beginning, only to spend a huge amount on future repairs and inappropriate mileage.

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3. After: Insure your vehicle.

After purchasing a car, it would only be natural to take it out on a test drive. You should, however, register and apply for comprehensive car insurance first.  Accidents happen in an unexpected manner, and it exempts no one. Comprehensive insurance helps pay to replace or repair your vehicle if it’s stolen or damaged in an incident that’s not a collision. Comprehensive typically covers damage from fire, vandalism or falling objects. Be protected at all times and avoid the hassle of future expenses, after all, you already paid enough for the car purchase itself, so why shoulder the headache of high repair price then?

Speaking of car insurance, you’d definitely go for a full-pledged service that has nothing but your best interest in mind. With that being said, nothing beats Cebuana Lhuillier’s AutoCARE Insurance, a Standard Comprehensive Car Insurance that covers Own Damage (OD), Theft, Loss and/or Damage. Excess Bodily Injury (EBI), Excess Property Damage (EPD), and Acts of God/Nature (AOG/AON). So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

7 Ways to Prevent You from Touching Your Savings Account

It’s really tempting to avail of well-advertised items, especially if they’re offered at a lower price. However, not everything you see on T.V. or social media ads is really a necessity, which in turn, would only be a regretful purchase. When you are on a tight budget, you would require great self-control when it comes to spending. Most of all, you would also do your best to avoid spending your hard-earned savings. With that in mind, it would be necessary for you to follow a few important tips in order to avoid touching your savings account. Trust us; it’ll help a lot in the long run.

1. Create a separate fund for emergencies.

Make a habit of separating your emergency funds from your savings. The thing is, emergencies are sudden and unexpected. Hence, you should always be prepared. Even if you aren’t earning that much, the fact that you have the responsibility and ability to control your funds only shows that you can dictate where your money will be spent on. Car repairs, hospital bills, supplies, are just a few examples of emergency expenditures that you’d have to prepare for. They are definitely in contrast to casual purchases such as gadgets and clothes, which is why you should separate and organize them from the former.

2. Switch to cash only.

Switching to cash would enable you to gain self-control, in the sense that you do not always have to pay with your debit card, meaning that you are not going to be able to spend from your savings account. Yes, you would still need to withdraw for your daily necessities, but having a certain amount in mind whenever you withdraw would at least leave a few in your account, rather than having all of them ready for spending.

3. Forget that your savings account exists.

This may sound weird, but the best way to save money is to forget that you even have a savings account. It’s a way of surprising yourself in the end. Just imagine, tipping in a few amounts every once in a while, forgetting that you have a piggy bank, and then, just when you thought you have run out of cash, you suddenly find that piggy bank again, full and heavy.

4. Adjusting your budget.

If you find yourself taking a bite out of your savings every now and then, this is a sign that there is something inconsistent with your routine. You may need to adjust your spending in order to make up for the other expenditures. Do it the old-fashioned way, list down all of your expenses and then organize which amount goes to which expense, whatever is left, throw it in your savings account. If you happen to be spending too much on food that you can’t even finish, then adjust the amount that you’re going to purchase. When your monthly adjustments add up, you’ll be surprised at how big you had saved at the end of the year.

savings-account-budget

5. Find an additional income.

You may need to find an extra source of income, just in case your current job only provides the exact amount of earnings monthly. The thing is, you wouldn’t be able to save if your cash flow only entails you to make both ends meet, thus resulting to a possible deduction from your savings, in case of emergencies which would raise your expenses in the long run.

6. Compare prices when making major purchases.

Be a wise consumer. Yes, a well-known brand would provide you with high quality, but remember that there are always affordable alternatives which could provide the same durability and functionality that an expressive brand can offer. “Canvassing” is a common trend among Filipinos, in the sense that they always tend to look for a lower price. Keep your eyes open for promos and package deals. This way, you would be able to save more and spend less, leaving your savings account untouched in the process.

7. Save what you have left over.

Choose to save whatever you can spare. This means that you may set a certain amount in your savings account at the end of the month, and save anything above that amount. Feel free to experiment on this process, get a feel of what works best, and then, go for the specific amount that you would be able to save per month. This would help your funds grow, rather than deteriorate in the long run.

With all of these in mind, you finally decide to open a separate account for your savings; however, you still haven’t chosen which bank to apply for, as each has their pros and cons. No need to worry. If you are in Cavite or Batangas, Cebuana Lhuillier has rural banks that cater to all of your needed transactions, including loans and deposits. All transactions are real time, erasing all the hassles that you may experience in other establishments. So what are you waiting for? Visit your nearest Cebuana Lhuillier Bank branch now – we assure a fast, easy and secure transaction.

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7 Important Questions to Ask Yourself before Getting a Loan

You’re in need of extra cash and you don’t feel like borrowing from a family or friend, that’s all well and good, in case you already have enough debts to go around with. You find out that you may apply for a loan, thus giving you an opportunity to receive a certain amount, to pay off all of your debts. You tell yourself, “Well, having my loan application may just be as easy as 1-2-3,” not putting into consideration certain important factors that goes along with the process of your application. In such case, you would need to ask a few important questions; just to be sure that you are not biting more than you can chew. Here are just a few of them:

1. What is your purpose for applying for the loan?

Naturally, this would be the very first question that a lender would ask. Every action is motivated by a reason. What is your motivation and goal for applying for a loan? Is it because you want to pay off your debts? Is it because you have something important to avail? Is it because you’d want to take a vacation and is sincerely in need of funds? Whatever your reason may be, be sure to answer honestly.

2. How much would you need?

It would be wise to remember that a loan is basically money borrowed from a lender. This would mean that, in certain cases, you would have to consider the interest rate as well, aside from the exact amount that you are borrowing. Keep this in mind to avoid borrowing more than what you can pay for, with other underlying add-ons as a return.

3. Would it be worth it?

Admit it or not, we tend to be compulsive buyers at times. When faced with a beautifully advertised product, be sure to think twice or thrice, before deciding to make a purchase. Remember, applying for a loan is not an easy task, and you wouldn’t want to waste all your time and energy in achieving a loan for an item you wouldn’t really need.

4. Is this the best loan for me?

There are different types of loans, and you must know them by heart before applying for one. Aside from the fact that you would be oriented with the policies and technicalities, you may also be able to score a discount, especially if you’re going for an emergency loan, which comes with lower rates and more flexible terms than other types (if you happen to live in an area commonly ravaged by storms) because it’s partly subsidized by the government (you may coordinate further on your lender regarding this).

5. Am I okay with the conditions indicated on the fine print?

Be aware of the fine print on the contract. As with all types of deals, ask yourself if you are okay with the conditions. Do not decide things in a rush, just because you would want to receive the loan immediately. Remember, be wise. Look into the methods and monthly deadlines of payment, as well as the loan maturity and delay charges. After this, you may negotiate with the lender and appeal for a few adjustments, if necessary.

6. Am I comfortable with the payment option?

Ask yourself if the payment option is flexible enough for you to be able to pay on time. Remember, there are penalties when it comes to late payments, so it would be better to explore your options. Do your best to negotiate on some terms if needed, be realistic in your approach and coordinate with the lender for a mutual agreement on the terms.

7. Is my current cash flow and income sufficient enough to pay for my loan installments?

Remember what we said about being realistic on your approach? Never borrow more than what you can pay for. Always put your monthly income into consideration, so that you may have a close approximate of the right amount that you’d want to loan for. Go for an amount that you’re sure will be manageable enough to be paid back monthly, with no delays or shortcomings, whatsoever.

So, you’re finally ready to apply for a personal loan, but don’t know where to begin. No worries, we have got you covered. Here at Cebuana Lhuillier, we offer our Happy Loan, a multi-purpose loan amounting to Php 5,000 , Php 10,000 or Php 15,000 offered to any individual who is employed, self-employed, student, or a remittance beneficiary. Our network of more than 2,200 Cebuana Lhuillier branches and online presence give customers unlimited access and utter convenience in applying for a loan. Our five-point application to disbursement process ensures services are delivered on time.

Image Source:
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https://pixabay.com/en/money-finance-business-success-2696235/

7 Fire Prevention Tips That Every Homeowner Should Know

Home is where the heart is. It is where we seek refuge from the harsh conditions of weather and other external dangers. In such case, it would only be fair for us to protect our homes, the same way that it protects us. While we are oriented in the usual activities of cleaning up and fixing broken parts of our home, there is one aspect that we should never forget in the long run – safety. To be more specific, safety against fire and other related incidents. In the first quarter of this year alone (January to March 2017), there were already 1,217 reported cases of fire incidents. Seeing that it is such a big number (and counting), it would only be right to have a few fire prevention tips in mind. Here are 7 of the most vital ones you may need to remember at all cost:

1. Be sure to monitor your cooking.

Don’t just leave your stove unattended. You may be a great chef, but it would all amount to nothing if you leave your food to burn, and that’s not even the worst case scenario yet. A stove left to burn on its own is a disaster and a house fire waiting to happen. Avoid kitchen fire by staying in the kitchen while frying, grilling or broiling food. If you really need to get out of the kitchen (to go to the comfort room, for example), then turn off the stove and continue the cooking when you get back.

2. Regularly check your LPG tank.

Still a task to be done in the kitchen, apply soapy water to the outer surface of your LPG. If a certain part seems to bubble up more than the other surface, then you may have a gas leak. Immediately contact your supplier to replace it. Make sure that the hose and regulator (the one you twist to turn on the gas) are securely fitted to the cylinder valve. It is recommended that you replace the hose every two years and the regulator every five years, just to be sure.

3. Keep lit candles away from clothing and other flammable objects.

One of the basic things we were thought in elementary was to specifically keep lit candles away from nylon cloths (since it easily catches fire). To be 100% safe, keep all objects away from a lit candle, no exceptions. Nylon or not, any piece of cloth like a curtain or a piece of tissue paper can definitely cause big problems when it catches fire. If you really want to be technical, keep candles at least 12 inches away from anything that can burn.

4. Do not leave electric cookers unattended.

The advent of technology brought us many cooking utensils and gadgets that are now powered by electricity instead of the usual LPG. In such case, the same amount of caution should be applied when using one. Whenever you’re using a coffee maker, toaster, rice cooker, electric cooker, etc. always make sure to never leave it working on its own. You should monitor the whole cooking process, and then unplug the appliance thereafter. Using these types of appliances may pose double risk, since their heat (when unregulated or left unattended) may cause fire, even then, a sudden surge of electricity may also yield the same disastrous result.

5. Do not plug all your appliances in a single extension.

You should avoid electrical overloading. Most of us would use extensions so we may utilize several devices and appliances at the same time, however, this may cause that particular extension to overload and overheat, resulting an unwanted spark.

6. Unplug appliances and chargers when not in use.

Not only will you be able to avoid overcharging your cellphone, it would also save you a lot in the electricity bills. The same goes for your television, computer, and other gadgets. Save money, save your life.

7. Have smoke alarms installed in your home.

While we could all agree that most fire incidents happen due to negligence and carelessness, we couldn’t ignore the fact that some are also accidental. Having a smoke alarm would immediately let you know that a fire broke out, even if you haven’t smelled the smoke yet (due to you being in a separate room, perhaps?). Not only would it help you rinse out a small fire with an extinguisher, if things get worst, you would at least still be able to get out of the house if it becomes uncontrollable, saving your life in the process.

Speaking of safety, what better way to protect both you and the interest of your home than with a a full-pledged service that has nothing but your comfort and protection in mind? With that being said, nothing beats Cebuana Lhuillier’s HomeCARE Insurance, a very affordable Residential Fire Insurance coverage. It offers loss protection to buildings and residential dwellings including their contents against perils of fire, lightning and other allied perils such as earthquake, typhoon and flood. Visit your nearest Cebuana Lhuillier branch now – we assure a fast, easy and secure transaction.

Image Source:
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https://pixabay.com/en/ruins-burned-house-ashes-2109615/

How to Minimize Your Risks as an Online Seller

The Internet opened many possibilities for the average Filipino to make and earn a living. The prevalence of online businesses has become a trend, especially in the recent years. Whether it’s on a blog or on social media, online buying and selling has become a great part of our online community. You may try to search for a keyword on social media, and there will definitely be someone nearby or from the neighboring cities that would be selling that particular item you are looking for. This isn’t limited to bags and apparels, as gadgets and even affordable personal computers have become commodities that are now being sold online. Now, you may wonder if transactions made online are safe. You may be motivated by these online sellers and think of starting your own. How safe are you as an online seller from individuals that have wrongful thoughts in mind? Well, worry no more, as here are a few tips to minimize your risk as an online seller:

Secure the payment process.

The thing about online businesses is that the payment method pretty much varies from traditional in-store transactions. You post the products on a website or social media page. An interested buyer will message you to inquire about the product and then make an order. You then send them the item through a third-party courier while they send you their payment either via bank deposit or money transfer. Simple enough, right? However, you can’t really grasp the real intention of the buyer as you’re just transacting online. Are they honest customers or scammers who are out for an easy score? There is a technique to avoid a potential scam. Confirm the payment first before sending the item to the customer. If they’re going to deposit the payment via your bank account, take time to check your balance and see if the amount was already credited into your account. If they’re going to pay via money transfer, ask for the control number and immediately pick up the payment. Once received, only then should you send the item to the customer.

Never give too much information on your store page.

This is one of the most basic things to remember when being a seller, let alone being an online seller. It is acceptable to post your name and contact number within your product advertisement. However, you don’t have to post your bank details upfront (if the payment method is through bank deposit). You may just give it to them via private message or text message once the customer confirms that they are indeed going to make a purchase. Not only would you reduce the risk of making your bank details public, but it would also protect you from scammers who are frisking online accounts for other malicious transactions.

Select a safe meet-up point.

Don’t get confused, yes, there are online sellers who prefer meet-ups when it comes to the exchange of payment and the ordered item. It may sacrifice a bit of your convenience as the seller, since it would involve travel (and possibly traffic), but this would add points to your credibility – showing your customers that you, as a seller is willing to meet them face-to-face to show them the item (and assure that there is no damage on the product and that it perfectly works fine). It would also ensure that you get the payment immediately. Thus, no extra effort to check your bank balance or pick up by money transfer. With all this being said, choose a safe and public spot for the meet-up transaction. If you prefer a mall, choose a spot next to the entrance guards or roaming guards, so that scammers would need to think twice if ever they decide to mess with you.

Do a bit of profiling whenever possible.

There are times in which the interested buyer would transact via a social media messenger. This would allow you to check their profile and personal info. A profile which is only a week old and only has around 50 or less online friends would seem fishy. Be vigilant with these types of accounts as scammers love to transact using a faulty accounts, to hide themselves and their true intentions. Stay alert!

Get insured.

What better way to minimize your risk than with a very helpful insurance policy. Cebuana Lhuillier’s NegosyoCARE is a Personal and Property Insurance specifically designed for clients with micro, small (non-online), and/or medium enterprises or businesses. It covers property insurance, burglary and robbery, accidental death, permanent disablement and dismemberment, accident medical reimbursement (AMR), and money, securities, and payroll coverage. A pointer to remember would be that this coverage may not cover small-time online sellers; instead, it is much focused on bigger businesses that have higher risks of loss when unexpected circumstances would arise. With all of those coverages, you may never have to worry about someone ruining your business momentum, Cebuana Lhuillier has got your back.

So what are you waiting for? Visit your nearest Cebuana Lhuillier branch now and inquire about our NegosyoCARE.

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How to get Quick Cash Loans

When tough times come and they surely will, most people would have one thing in mind:

“Where can I get quick cash?”

For most folks, tough times refer to periods of economic hardship or a short-term need for additional cash. Whatever the extent or gravity of the financial need, the most important consideration is how one can find the right and fast solution.

Some approach loan sharks, although that is certainly dangerous.  Some reach out to their family or relatives for a handout.

Others opt to go to Cebuana Lhuillier, a company that has financially helped millions of Filipinos for many decades. Its traditional pawning and online pawning system has served and helped thousands of people in their times of need.

Traditional Pawning

Traditional pawning is essentially about taking your valuable possessions to the pawnshop, getting an appraisal, and receiving the corresponding amount in relation to your collateralized property.

At Cebuana Lhuillier, you can pawn both jewelry and non-jewelry items.  For jewelry, a person can pawn gold, silver or platinum jewelry items. Diamonds and high-end watches are also acceptable as collaterals. For non-jewelry, one can pawn gadgets such as a laptop, a tablet or a cellphone.

Traditional pawning with Cebuana Lhuillier is very fast and convenient. The process is easy to follow and receiving the money you need is totally hassle-free.

The first step to take is to visit the Cebuana Lhuillier branch nearest your home or place of work.  Once at the branch, approach the friendly staff and present the item that you want to pawn.  The expert pawnshop staff will inspect the item and will conduct an appraisal.  Once they are done with the appraisal, they will inform you about the appraised value and net proceeds that can be received.

The pawn shop staff will also request for your identification card. Government-issued IDs are the best forms of identification to present and use for the transaction.

If you agree to the terms, the staff will request you to sign the pawn ticket. After signing, you will be given the money that corresponds to the item that you pawned.

During renewal or redemption of the property that you pawned, all you need to do is to present the signed pawn ticket.

Another amazing feature of Cebuana Lhuillier’s service is called Renew Anywhere which allows a person to renew a loan without having to go to the original branch where the first transaction was made. Any Cebuana Lhuillier branch can process a loan renewal because of the company’s computerized database system.

Online Pawning – not yet available

While traditional pawning still works very well, living in the 21st century has opened other avenues for people to receive financial help.  People who are too busy to visit a pawnshop, especially those who work nights and have no opportunity to go to Cebuana Lhuillier during operating hours, worry is absolutely unnecessary.

With online pawning, people can get the same level of service and satisfaction that Cebuana Lhuillier offers through its traditional pawning system.  Cebuana’s online pawning site is available to customers who prefer to transact online.

To use this online service, one simply needs to create an account with Cebuana Lhuillier.   With online pawning, one can take a photo of the jewelry or non-jewelry item to be pawned.  The photo of the item can be uploaded onto Cebuana Lhuillier’s secure website. The expert team of appraisers will review the photo and will give immediate feedback.  Once item is approved, Cebuana Lhuillier will send a notification to be followed by a cash deposit to the lendee’s bank account.

Indeed, whether you choose to do traditional pawning or opt online transactions, Cebuana Lhuillier has got you fully covered.  In just a few, simple and easy steps, you can get quick cash to help you.

Your Definitive Guide to Pawning Items Online

Pawning items online is now possible with Cebuana Lhuillier, the country’s top lending and money remittance service.

If you’ve never tried online pawning, read this easy-to-follow guide.

All you need to remember is R-U-S-H.

R- egister online

Pawning online begins with creating an account with Cebuana Lhuillier.  The quick registration process will enable you to have an online account that you can use for all your pawning needs. Using a computer, laptop, phone, or gadget with a stable internet connection, you can use this to make fast and secure transactions.

The registration process includes providing Cebuana Lhuillier with your preferred username, password, and other important information such as your address.  The registration may also include providing your bank account number wherein the cash from pawning will be transferred to.

U – pload the photo

The next step involves taking a good photograph of the item you wish to pawn online and uploading it.  You can take a snapshot and upload on Cebuana Lhuillier’s website using your online account.

A team of expert appraisers will examine the photo ploaded. Once they make an initial approval based on their photo assessment, a schedule of item pickup will be arranged.

S- ubmit the item

Cebuana Lhuillier will deploy authorized couriers that could visit your home, office, or preferred address based on the agreed-upon date, time, and location.  These couriers will be responsible in handling the items to be pawned.

Once you meet with the authorized couriers, you need to turn over the item you wish to pawn.  The couriers will securely transport the item. The appraisers will conduct another evaluation, this time, by actually inspecting the item to be pawned.

If approved, you will be promptly notified and the corresponding amount will be deposited to your bank account.  There are also other convenient payout options available aside from making the bank deposit.

H- ead to your bank

The last step is to head to your bank or its automated teller machine to withdraw the cash.  Cebuana Lhuillier will deposit the cash to the bank using the account number and other related details you have provided during the online registration process.

Indeed, pawning items online has become a preferred way of getting quick cash for thousands. People from all walks of life have found Cebuana Lhuillier’s online pawning system quick and convenient.

In the past, one had to travel and go to the actual pawnshop to pawn jewelry and non-jewelry items.  This means taking time out from your day and physically bring the items to the pawnshop.

With the online pawning system of Cebuana Lhuillier, you get to save both time and money since the transactions can be done anywhere, anytime.  This transactions is also more secure since you no longer have to physically carry these valuable items all the way to the pawnshop. Cebuana Lhuillier’s authorized couriers can do that for you.

The best part is — online pawning can actually bring you higher appraisals. Using the power of internet and communications technology, Cebuana Lhuillier can make its services more accessible, safe, secure, and convenient at a much lower overhead.

While going to a brick-and-mortar branch of Cebuana Lhuillier is still a good option, having the means to transact online is truly a bonus.  Pawning items online is a flexible way of obtaining quick cash without any hassles.  This is especially beneficial to people who work during the night and have no opportunity to go to the pawnshop during normal daytime operating hours.

Image source: https://unsplash.com/search/photos/laptop?photo=gbHMZCFraAI

CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • 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.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON 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)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • 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)