Types of Insurance You Should Own to keep you Protected

Insurance, what would we do without them? Insurance is the soft cushion that catches us just when we’re about to fall towards the hard pavement of debt. There are various types of insurance, and supposedly, one insurance is enough to cover a few of your expenses. For the most part, people have a general idea of what an insurance is, however, not many are familiar about the ins and outs of an insurance plan. Especially with the current influx of COVID-19 cases, you may need one or two insurance plans to cover any of your unforeseen expenses. Uncertainty is always a part of life, and expenses are always around the corner. In such case, allow us to introduce you to the world of insurance, its different types, and the advantages that you may get from these different insurance plans.

First of all, what is an insurance?

An insurance is defined as a contract, characterized by a policy, in which an individual or a group of people receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

Simply put, if you have insurance and something unfortunate and unexpected were to happen, your insurance would make sure that you wouldn’t need to spend a lot of money to cover the expenses resulting from that sudden occurrence. You may ask, “What are these sudden occurrences?” Well, they are some of the things that people fear the most, accidents, calamities, bankruptcy, property damage, you name it. All of the things that may cause huge expenses, these are the “unexpected occurrences” that you may come across at least once in your life, and insurance plans would be there to take a majority of the blow, much like how a bulletproof vest would take much of a damage for a law enforcer during a heated situation.

Okay, but what are the requirements to get an insurance?

Different insurance companies and establishments would usually have varying lists of requirements and benchmarks. It would be best if you were to discuss this with your preferred insurance company, so as not to confuse one pre-requisite from the other. Sometimes, these requirements are tied to their policies, so feel free to ask questions whenever you need to clarify the details.

What are the different types of insurances?

There are many insurance plans, each corresponding to a coverage that they are focused on. We’ve mentioned earlier that there are certain occasions in which a single insurance may be flexible enough to cover other incidences, but for the sake of clarity, we will discuss them in variations and their purposes. Aside from that, we will stick with a familiar establishment when it comes to affordable insurance types. For this, we will focus on Cebuana Lhuillier and their Micro Insurance Services. Their variations are also accessible and affordable, so you may be able to relate with a few of our sample scenarios and their offered Micro Insurances:

1. Individual Insurance Like Cebuana Lhuillier’s ProtectMAX

Cebuana Lhuiller’s ProtectMAX is a microinsurance product designed for individuals aged 7 to 70 years old with Death Benefit, Accident or Sickness Emergency Cash Assistance, Accidental Dismemberment and/or Disablement, Murder and Unprovoked Assault and Residential Fire Reconstruction cash assistance. For as low as P50, each certificate is valid for four (4) months from the date of issuance and can be availed up to a maximum of 5 certificates per insured.

The Qualified beneficiaries are:

  • Legal Spouse
  • Child of legal age (18 years old)
  • Parents – Mother/Father
  • Siblings – of legal age and single; married

This is fairly a new addition to Cebuana Lhuillier’s plethora of Micro Insurance services, but make no mistake, it provides a whole lot of protection, considering that it covers everything, from accidents to unprovoked assault. Even property damage is covered, with their Residential Fire Reconstruction cash assistance. Isn’t that amazing?

2. Business Insurance Like Cebuana Lhuillier’s MicroBiz Protect

Cebuana Lhuillier’s MicroBiz Protect is a comprehensive Property Insurance with Personal Accident coverage, Comprehensive General Liability and AXA Assistance made specifically for micro enterprises. It covers the property and its contents against perils fire and/or lightning and other allied perils such as earthquake, typhoon, flood and others. It also covers MSMEs against burglary and robbery, accidental death, permanent disablement and accidental medical reimbursement. Fees for the micro-insurance policy covering up to 12 months can go as low as PHP540. Aside from that, it is also underwritten by AXA Philippines.

So, if ever you’re the owner of a simple “Sari-Sari” store, never worry about the welfare of your business, as Cebuana Lhuillier’s MicroBiz Protect is here to provide for any unforeseen property damage or accidents.

3. Group Insurance for our Brave Barangay Officials Such as Cebuana Lhuillier’s TanodCARE

“What is Cebuana Lhuillier’s TanodCARE?” you may ask. Well, it is a Group Personal Accident Microinsurance specially designed for barangay tanod officials and its members/personnel. This Micro Insurance requires a minimum number of 30 enrollees aged 18 to 65 years old, enrollees above 65 years old will be accepted subject to 50% cover of the Sum Insured for all Benefits.

Insured members under TanodCARE will be covered with the following occurrences:

  • Accidental Death, Disablement & Dismemberment (ADD&D)
  • Permanent Total Disability (PTD)
  • Unprovoked Murder & Assault (UMA)
  • Accident Medical Reimbursement (AMR)
  • Burial Benefit (accident/sickness)
  • Accident Daily Hospital Income (DHI)

Of course, even our local guardians need a safeguard against sudden expenses, more so that they have a risky occupation, keeping the peace and tranquility of our local community in check.

4. Group Insurance for the Future Pioneers of Our Country Such as Cebuana Lhuillier’s StudentCARE

Cebuana Lhuillier’s StudentCARE is a Group Personal Accident Insurance that protects students from various perils 24/7 worldwide. Of course, under the current ECQ, students are allowed to be home-schooled, but after the whole ordeal ends, you may want your kids to be insured, especially if they happen to travel daily towards school. You may never know what lies around the corner. Keep them safe and insured.

Insured members under StudentCARE will be covered with the following:

  • Accidental Death, Disablement & Dismemberment (ADD&D)
  • Unprovoked Murder & Assault (UMA)
  • Accident Medical Reimbursement (AMR)
  • Accident Burial Benefit (ABB)
  • Daily Hospital Income (DHI)
  • Ambulance Fee and Fire Assistance

5. Group Insurance for Our Hardworking Citizens Such as Cebuana Lhuillier’s EmployeeCARE

Cebuana Lhuillier’s EmployeeCARE is a Group Personal Accident Insurance specially designed for employees. Obviously, people working under the various umbrella of corporate work also needs their own insurance plan, as even the most sophisticated office places aren’t safe from hazards.

Insured members under EmployeeCARE will be covered with the following:

  • Accidental Death, Disablement & Dismemberment (ADD&D)
  • Unprovoked Murder & Assault (UMA)
  • Accidental Medical Cash Aid, Burial Benefit (Accident/Sickness)
  • Motorcycling and Personal Liability

So, those are just a few examples of Micro Insurance plans you may avail from Cebuana Lhuillier. If you’d notice, they cater to the various members of our modern society, whether you’re working within the private sector or the local sector, or even if you aren’t working at all (as evident with the StudentCARE Micro Insurance), insurances are always a viable choice when it comes to avoiding major expenses. You may visit your nearest Cebuana Lhuillier branch now for more information – we assure a fast, easy and secure transaction.

3 Ways on How to Immediately Send Money to Your Loved Ones

The recent COVID-19 event caught everyone off guard. What was once a small blink on the international news turned into a sudden case of the pandemic, much so that everyone’s stuck right at home. Of course, we were all given our outdoor schedules to fetch a few supplies every once in a while (all are designated days within a week, depending on your Barangay’s announcement), however, the act of stocking up on rations is just one of the many necessary activities that the average Filipino does during such trying times. We Filipinos always had the “Bayanihan” principle, the motivation to help others whenever they’re in need.

This isn’t limited to our loved ones as well, as you may have heard of strangers giving a share of their supplies to the homeless during the evening news. Indeed, we are bound by our moral obligation to help others, no matter the cost. When there is a pandemic or economic collapse, we just tend to feel the need to reach out and lift others to safety, much like how a lifeguard lifts a drowning straggler. Now, the act of helping our fellows isn’t limited to providing them with clothes and supplies. No, as we can also provide them with financial assistance. If, however, you happen to have friends or loved ones in the province and you want to send over a financial assistance, you may understand the potential concerns in doing such a simple task. How on earth would you be able to send over the money?

Thanks to the modernization of money transfer processes, these concerns have been already dealt with, leaving you with nothing but convenience and assurance that any amount that you’d send over would be received in full. Not convinced yet? Here are just a few perfect examples on ways on how to immediately send money to your loved ones:

1. Via Your Local Money Transfer Channels

Understandably, our government made the sudden, yet, efficient decision of closing down establishments for the time being. This was done to control the spread of the virus, flatten the curve, as it may. The only establishments left often are groceries, pharmacies, food markets, hospitals, etc. All of these essential channels are needed to provide nourishment and care for the people during the pandemic. Now, one of the more notable establishments left open during these trying times was none other than the local money transfer branches. The thing is, the government understood that we Filipinos are heroes in our own right, always helping out those who are in need, even when we ourselves are affected by the current situation. This might be the reason why money transfer branches were considered as an essential establishment, due to the fact that it has been identified as a resource of assistance from one Filipino to another, and indeed, it has cemented its own reputation over the years. Why wouldn’t it be? Even the money transfer process is quick and easy. People from Manila may just line up (while observing social distancing, of course), fill out a short form, submit the cash assistance, take note of the control number, and send that control number to their loved ones via text message. It’s that simple. Of course, it doesn’t come without its own disadvantages as well. For one, people would still need to go outdoors in spite of the epidemic. The same goes for the ones who are going to receive the money. They need to reach their nearest local money transfer branch in order to present the control number and other important details. And even before that, they would still need to line up properly, again, while observing proper social distancing.

2. Via Online Money Transfer

While ATM machines were left functional during the pandemic, so as to provide withdrawable cash for everyone’s needs, many of our local bank branches were closed without further notice. As of the writing of this article, only a select few were opened to the public, and even then, these branches were far from the urban landscape of Manila. Luckily, modernization has its perks. Even before the pandemic, people were already using the bank’s official apps in order to transact and process their cash, may it be for payments or for money transfers. The current situation is no different, with many people using the same app in order to send money to their loved ones without ever needing to go out of their homes. With just a few clicks, the amounts would be received by people from miles away. However, it also comes with its own disadvantage. To start off, the one receiving the money should already have a bank account within the same bank as the sender. There is a leeway for some other banks, but that isn’t always the case, as some are very strict with their financial policies. Another possible concern is that the ones receiving the money would still need to go outdoors in order to withdraw the amount. This may not be much of a worry, however, especially if proper precautions are taken when lining up for the ATM machine.

3. Via Online Money Remittance

This is somewhat similar to the process above; however, the good news is that this has more flexibility within it. For example, while online banking transfers require the recipient to have a bank account within the same bank as the one sending the money, online money remittance would not force the recipient with such technicality. Online money remittance is done via an app as well, but instead of an online banking app, it is done with an online pawnshop and money remittance app. A perfect example would be the eCebuana App from Cebuana Lhuillier. It’s fairly easy to use as well, with a lot of options. First of all, the sender needs to have an active MicroSavings account to enroll in the eCebuana App. Once enrolled, the sender can either choose to send the amount towards a money remittance branch, towards a Micro Savings account, or towards the recipient’s own bank account. Again, this is more convenient and flexible than an online money transfer. The only downside may be that the recipient would need to go outdoors to withdraw the amount from an ATM or a money remittance branch, but the process is fast and reliable so they wouldn’t be outdoors for a long time, reducing any risk of being caught up in the pandemic.

If the sender has not yet availed a MicroSavings account and he/she is not able to download the eCebuana App on mobile due to OS restrictions of the app, the sender can now try Cebuana Lhuillier’s Remit From Home. Through this service, you will be able to transfer money locally.  All you have to do is visit https://remitfromhome.cebuanalhuillier.com to send your money transfer requirement. This service is available for customers residing in the Philippines; Monday to Saturday from 9AM to 4PM.

So, these are just some of the many ways to transfer money towards your loved ones. Pick whichever would work best for you and plan your every move before making a decision. At this point, every centavo counts use it well and manage it wisely.

 

Secured Ways to Get a Loan in the Philippines

With the current rise of COVID-19 cases in the Philippines, our usual routine suddenly encountered a long halt. Everyone is instructed to stay at home, stay healthy, and to stay vigilant amidst the stress and panic brought about by the pandemic. For the most part, people seem to be doing okay, save for most of our kababayans who are in no condition to handle the sudden offset of the E.C.Q. Yes, going through scheduled set of days for groceries and lining up for hours outside a pharmacy may seem like an unneeded occurrence, especially for us Filipinos who have no patience or tolerance for long lines, however, it cannot be helped, especially as we are all expected to comply with the rules and regulations of the enhanced quarantine period. Now, the extended quarantine period isn’t the only concern that most Filipinos have. The financial intake of employees seems to be taking a huge hit as well, due to the fact that work and productivity has been lessened due to the quarantine. Of course, work-from-home has been implemented for most corporate jobs (including online meetings and task dissemination), but even with that implementation, not all of the work projects can be accomplished, especially for those which would require logistics and physical appearance.

In such case, many of us are looking for ways to add a few amounts to our already dwindling savings. Some of us are even going as far as to borrow money from our neighbors, just to make ends meet. Borrowing money is absolutely an acceptable and understandable plan, but surely, there must be better ways to acquire a helpful amount without any risk of a high interest or an earful from impatient neighbors (you wouldn’t want to disturb the peaceful, neighborly relationship, after all). Well, worry no more, as we’ve enumerated a few secure ways for you to acquire a loan. Especially during this long quarantine period, no other resource is as critical as cash, since it is well-needed for purchasing food supplies and hygiene products. Choose one which would best work for you and plan out your steps accordingly, as this may either make or break your budget during the whole ECQ period:

1. Through Bank Loans

We know what you’re thinking, this is probably the most obvious choice. Of course, where else would you be able to borrow money from, other than a bank? But obvious as it may seem, in reality, not all people are really familiarized with the process of a bank loan and with the current situation, most banks are closed or on a skeletal work schedule so your loan application might get long delays. So to start off, we will begin with the basics.

What is a Bank Loan?

Simply put, it is the extension of money from a bank to another party with the agreement that the money will be repaid. When we say “another party,” it may either refer to an individual or to a group of people who are hoping to borrow a particular amount. Nearly all bank loans are made at interest, meaning borrowers pay a certain percentage of the principal amount to the lender as compensation for borrowing. Think of that percentage as a form of transaction fee. This is usually how banks earn money from managing loans, they charge a certain amount, taken from a chunk of the loan. Take note that most bank loans have a maturity date, somewhat of a deadline to which the borrower must have already repaid the loan. Another word for bank loan is bank advance.

How Do I Get a Bank Loan?

The process and requirements differ from bank to bank, however, there are a few common factors to consider when applying for one. A few of these generalized requirements are:

  • Proof of Income for Salaried Employees – Also known as the BIR Form 2316 or W2, it is critical for it to be signed by your employer’s authorized representative.
  • Proof of Identification – This may include your passport, your driver’s license, your voter’s ID, your company ID, etc.

It is important to note that depending on your earnings and proof of income, the amount you’ll be allowed to loan would vary. There is nothing to worry about, however, as surely, you may already have an idea of the amount that matches an average of your earnings. The bank would make sure that you’ll be able to pay back the amount in installments, interest included, so do not panic about being given a loan which may either be too low or too high. Remember, applying for a loan isn’t just about submitting a bunch of requirements, you’ll also be screened or interviewed by an authorized bank representative. Listen to the rules and technicalities, to avoid any confusion with the payment options.

2. Through a Government Loan

Mostly focusing on the business aspect of things, a government loan (also known as a government-backed loan) is a program by the government to provide the needs of individuals, businesses, and communities. These loans provide capital for those who may not qualify for a loan from a private lender. A similar thing about bank loans and government loans is that they do not just cater to individuals, but rather, to groups of people as well. This was formulated by the government to help improve the overall national economy and quality of life of its citizens, encourage entrepreneurship, and to provide protection against and relief from disasters (as with the current pandemic, caused by COVID-19).

How Do I Get a Government Loan?

The following may be required in order to apply for a government loan:

  • A Filled Up Application Form
  • Income Tax Returns for the last three (3) years (if applicable), with positive income in previous year
  • Latest interim financial statements (if applicable)
  • Simplified Bio-data of key officers (Major Owners and President/Manager)
  • Proof of billing for business and residence
  • Copy of last six (6) months Current Account statements
  • Copies of two (2) valid government issued IDs with pictures

Again, this may vary, depending on policy changes within the government itself. Be sure to inquire with your local officials for more information.

3. Through Quick Cash Loans

Now, we will be cheating a bit here. Unlike the first two options, this isn’t really much of a loaning process, but more of a pawning process. If you really are running out of cash, be sure to check out your pre-loved jewelries and visit the nearest Cebuana Lhuillier branch near you. Cebuana Lhuillier provides the country’s leading pawning service to Filipinos in need of instant cash, offering a 40% higher appraisal rate VS other pawnshops hence, higher take home. Their 2,500 branches accept an array of items, from jewelry to gadgets, as a collateral. The company’s core business has evolved with the needs of its clients and thus, made itself well-known, even across the globe.

Commonly accepted items are:

  • Gold
  • Diamond
  • Platinum jewelry and watches
  • Cellphones
  • Laptop computers

How is the Process?

  • Visit any Cebuana Lhuillier Pawnshop branch and present the item to be pawned.
  • Advise the branch personnel if you agree with the appraised value and net proceeds.
  • Sign the pawn ticket on the space provided.
  • Count the money received and secure the pawn ticket, which is required to be presented during renewal or redemption of the pawned item.

You may also check out Cebuana Lhuillier’s official website for more information: https://www.cebuanalhuillier.com/pawning/.

Quick Money Making Tips in Times of the ECQ

The enhanced community quarantine implemented within our country took everyone by surprise. On one hand, it may be an efficient way to lessen the spread of the virus, on the other hand, it may also restrict everyone from going about their daily lives, disrupting work, study, and even play. Now, as boring as it may seem, being indoors does actually help with “flattening the curve,” slowing down the spread of COVID-19 and preventing people from being infected. However, as positive as the effects may be, the ECQ also limits the earnings of the Filipinos, due to the fact that every work task seems to be cut short. Yes, corporate jobs can be done at home, as with online conferences and paperwork, but not everyone has a corporate job. Many of our hardworking laborers are still left out in the dark, grasping for ways to make a living amidst this pandemic. Well, no need to worry, as in spite of the many limitations brought about by the enhanced community quarantine, there are still ways to make a living. May it be by the whole family or by an individual, there are alternatives to the usual labor work that the average Filipino does. Don’t believe us? Check out these following quick money examples:

1. Via an Online Garage Sale

At the advent of technology, people are given the freedom to sell stuff online, may it be brand new or second hand. Even before the ECQ, many Filipinos were already thriving though their online shops. Now, more than ever, they can still thrive, as all the shopping malls are closed down, save for a few branches where only the essential stores are open. With this in mind, you can definitely start your own venture without leaving the house. Of course, such modern venture may require the usage of more than one app, but at least you’ll be able to make a living in spite of the quarantine period. Here’s how you can do it. First, download two major apps, one for delivery and one for showcasing your products. Your products to sell may either be second hand (given that they still function well) or brand new (whatever brand new item you’re planning to sell, make sure that it’s in perfect working condition, and not pre-used). You may then proceed to take pictures of your product and wait for any orders via the buy and sell app. Take note that these “buy and sell” apps would usually streamline customer payment through various payment channels that you’d be most comfortable with, so do not worry about receiving your well-earned cash in the end. Once an order has been placed, you may use the other app, a “pick-up and delivery” app that literally sends a motorcycle rider to your address, where they may pick-up the item for sale, then, deliver it afterwards towards the buyer. Most of the time, the delivery charge would be covered by the buyer, so you (the seller) would just need to notify the buyer once the item is on the way.

On any normal day, the procedure would seem simple enough, however, we are still living under the implementation of an ECQ, so you may need to tell your customers that the item may arrive later than expected. This is understandable, as your delivery man would have to go through various checkpoints, so the time of delivery may be uncertain.

2. Via a Micro Loan

First of all, a Micro Loan is a loan of smaller amounts, typically lent towards small businesses. They are meant to help these small businesses grow. Now, for those who do not have a business yet, that’s okay, micro loans are also lent for startups, just as long as you’ll be able to present the requirements. Now, the said requirements may vary, so you may have to clarify that with the loaning company of your choosing. Did we mention that the amount would also depend on your planned business? Since you’re just opting for a small venture, you may just be given a small slice, well enough for you to start, while providing you with easy and flexible payment options. Don’t forget to pay back of course, unless you’d want the interest to pile up.

Now, due to the enhanced community quarantine, you may have to clarify the dos and don’ts of your planned business. Discuss it with your local government and make sure to study the details. The ECQ has quite a strict implementation of rules, and you wouldn’t want to break any of them.

3. Via Pawning

There is one term which would best describe our heroic health workers during such perilous times, and that would be the term known as “frontliners.” But did you know that the term frontliner doesn’t just apply to doctors and nurses? As a matter of fact, each and every one of the personnel who are still going out of their homes to provide essential service to our fellow Filipinos during the pandemic would fall under the category of frontliners as well. Our security guards, our grocery cashiers, our checkpoint officials, our pharmacy experts, each and every one of them are frontliners in their own right. Surprisingly, the same can be said about our pawnshop personnel. You see, establishments like Cebuana Lhuillier understands the need of the average Filipino to acquire quick cash, especially during the whole pandemic. People need money to restock on supplies, people need money to avail disinfectants and face masks, and people need money to purchase medicines. Quick cash is hard to come by, and much harder it is to formulate a business plan with no capital, as the COVID-19 ordeal came out of nowhere. Much so that even our government officials were caught off guard, but had since recovered by implementing the ECQ. With all of that in mind, Cebuana Lhuillier has opened its doors to those who are in need of a quick financial fix. We Filipinos always believed in the mantra of “Sangla” as a last resort, and Cebuana Lhuillier is aware of that. With 2,500 branches nationwide, Cebuana Lhuillier is one of the most accessible pawnshop chains in the Philippines. Alongside safety and world-class service, Cebuana Lhuillier also gives one of the highest appraisal rate in the industry for items such as jewelry and gadgets, offering up to 40% more than other selected pawnshops.

 

So, with all of that being said, pawning may be your best option after all. Be sure to visit the nearest Cebuana Lhuillier branch for more information.

Money Guide: Budgeting Tips for the Filipino Family

It’s been a rough few weeks for everyone, especially with the rampant increase of COVID-19 cases. Families around the world are quarantined within the confines of their homes, counting down the days until the whole commotion subsides. For the most part, this is a perfect opportunity for everyone to catch up with their loved ones. A perfect chance to talk about their experiences within work and school before the whole pandemic even began. But with the looming extension of the quarantine period, many are concerned with their budget for the whole month. Sure, the quarantine period may have contributed to the families having more quality time, but quality time with your loved ones would amount to nothing if everyone goes hungry. This is  why it is important for everyone to do their part when it comes to managing the family budget.

However, that would not be much of an easy task, as due to the pandemic, work and productivity has been lessened. Of course, our heroic frontliners are working around the clock to provide utmost care and service towards the people who are in need of it, but for those who are not frontliners, their compensation and means of income is currently under wraps, and the notion of getting back to work as soon as possible seems like an afterthought at the moment. In such case, the proper ways of budgeting should be put into action. If the parents aren’t earning anything for the whole month, the kids should at least help out in lessening the overall expenses. Here are a few valuable tips in achieving just that:

1. Time to unplug!

Being in quarantine can bore a lot of people. We all need our daily dose of social media and television in order to connect with the outside world. This is well-recommended, as remember, being alert about the whole pandemic means being informed about the various safety measures done to avoid getting infected. But, these communication channels, in spite of them being well-recommended, doesn’t mean that they should be subject to over use. Almost all of the things that we use on a daily basis require electricity, your phone, your computer, your appliances, you name it. The impending arrival of your electricity bill would do much to help appease your stress towards the whole pandemic, as nothing is more saddening than to see a ballooned energy bill. With this in mind, it would be wise to lessen your electricity consumption. Use your cellphone to get a glimpse of the outside world, watch the daily news to get updates about the whole situation, but after such use, turn them off, unplug and take time to clear your thoughts. What usually makes a pandemic worst is panic, do not let fear get a hold of you. It is healthy to be informed with the daily news, but watching too much of it isn’t conducive to your mental health as well, especially when the negativity starts to sink in too deeply. Be informed, but do not get paranoid. Budget your energy consumption, budget your news intake, organize your thoughts, and get a low energy bill at the end of the month.

2. Conserving Resources.

Due to the enhanced quarantine implemented by our government in order to slow down the spread of the virus, every community has to abide by a given schedule. This schedule would give everyone a chance to stock up on supplies, at least for a few weeks, or until such time that the schedule would rotate for another round of restocks. Now, given that there are at least three (3) to four (4) days of interval until the next restock period, it would only be wise for every family member to not waste any portion of the supply, may it be food, hygiene products, or disinfectants. It isn’t just about running out of supplies, it’s also about running out of cash. Grocery shelves would usually be refilled by the next restocking period, but the same cannot be said about everyone’s salary, especially with the pandemic decreasing everyone’s productivity at work. You would not be able to work at your fullest if you are at home. Sure, you can work from home, but other transactions which would require your physical presence (such as contract signings and other logistic tasks) would not be possible, thus, affecting your performance rating for the month. The best thing that you can do would be to explain to your kids that the whole situation right now is very critical. They should not panic, but, they should also be cautious about the way that they spend the family resources. For example, if they want to take a bite out of the watermelon that you had recently purchased, they may do so, but they should be responsible enough to store any leftovers in the refrigerator, to avoid any spoilage. A leftover that is well-preserved would do wonders, providing everyone enough food to last a whole week. The same can be said about toiletries and hygiene products. When brushing your teeth, you should make sure to not squeeze any excess toothpaste. Just use enough for one brushing.

3. Purchasing Items Which Would Last Long

The best way to manage your budget would be to buy things which may last for a long time. There are food products which has a long shelf life. Opt for those instead of easily-perishable goods. If you prefer to buy fruits and vegetables, make sure that they are well-refrigerated. For other food products, canned sardines and meat loaf would be your go-to choice. Fresh products such as raw meat, chicken, and fish may last you a few days, but be cautious of their appearance as well. Even when frozen, they may still spoil fast, depending on how long they were displayed in the frozen section of the grocery store. Perhaps you may go for the ones which already underwent the process of curing, fermenting, pickling, and drying, just to name a few. Availing these food options would mean that you wouldn’t have to keep on buying a whole bunch whenever going to the grocery, thus, saving you a lot of cash in the long run.

These are just some of the most valuable tips in budgeting your resources (especially your money) during the pandemic. It is a must-do especially if you are at the receiving end of a financial assistance. Those who are managing and handling money remittances are frontliners, after all. Be sure that their efforts (along with the efforts of those sending over the cash assistance) would not go to waste. Practice proper budgeting.

3 Reasons to Open a Microsavings Account

A Microsavings account – an affordable and accessible option than your average bank account. You may be wondering why this is the case, well, let us elaborate further on that. Microsavings accounts are basically accounts which consist of a small deposit account offered to lower-income families or individuals as an incentive to store funds for future use. Microsavings accounts are somehow similar to a normal savings account, however, they are tailor-fitted for smaller amounts of money. The minimum balance requirements are often waived or very low, allowing users to save small amounts of money and not be charged for the service. In such case, we can say that a majority of the Filipinos would be able to afford this, but let us clarify on that. As accessible and affordable as it may be, a majority of Filipinos aren’t really familiar with the concept of a Microsavings account yet. Many Filipinos are not informed about this fantastic alternative to a mainstream bank’s services, owing to the fact that well-known banks would spend countless amounts in marketing and ads just to flood out any news of this more affordable option. With that in mind, allow us to orient you about the features of a Microsavings account, the basic ins and outs, and the requirements in acquiring one.

How different is a Microsavings account from a normal bank account?

Purpose, that’s what differentiates a Microsavings account from the usual savings account. Let us put this into perspective:

A normal savings account has no limits. You can deposit any amount of cash, and at the same time, you can also withdraw any amount of money. You may do so as you please. If you were to deposit around 1 million Pesos, you can withdraw that 1 million Pesos the very next day. Indeed, it’s limitless, but that lack of limitation would make it conducive to abuse. Think about it, you can deposit and withdraw any amount, with no discipline in mind. A Microsavings account, on the other hand, has its own definite pro, in that it aims to end the stigma and proceed to discipline people about their spending habits. It would limit people who has the tendency to consume and spend more than they can save. It also aims to be more inclusive, being flexible and accessible by our fellows who are not fortunate enough to have the complete requirements needed in opening their own savings account in a bank.

A financial expert even gave his two cents when it came to the disadvantage of having a savings account: “The terms of traditional savings accounts may limit the ability of individuals with small funds to open such accounts, particularly if they do not have the minimum amount to get started. The stipulations of traditional savings might make the benefits of starting such an account limited or nonexistent for someone with a small amount to get started as well. For instance, a traditional savings account might incur regular fees if a minimum balance is not maintained. Furthermore, the account might generate negligible interest if the balance does not meet a certain threshold. The process of opening a traditional savings account could also prove to be intimidating to individuals who have little to no experience with banking institutions.”

So you can just imagine the struggle of people who are hoping to save up for their future, only to be stopped by the technicalities of opening a savings account in the first place, that technicality being the cost of opening the account itself.

Now that we know of their main difference, we may proceed with the advantages of choosing to open a Microsavings account over the typical savings account. For the purpose of clarity, we will be using Cebuana Lhuillier’s Microsavings service as an example. They are easily one of the best options when opening a Microsavings account. They also offer one of the most comprehensive Microsavings account to date.

1. No maintaining balance needed.

A Microsavings account would not require its account holder to maintain any form of balance within the account itself. While a normal bank would at least require you to leave P100 to P200 within your savings account, Cebuana Lhuillier understands the current situation of the Filipino people, wherein, every centavo counts. If Microsavings accounts were to require a maintaining balance, that would result to an extra P100 to P200 decrease from the average Filipino’s budget. That extra P100 to P200 would have been a great addition towards the food and grocery fund, instead of being used as untouchable filler within your savings account.

2. Microsavings accounts have more flexibility and leeway when it comes to their account holders.

A mainstream bank’s typical savings account has many restrictions. For one, the age limit is a bit problematic, not allowing kids to open their own account, until such time that they have reached a legal age. Microsavings accounts are way different than that. Cebuana Lhuillier’s Microsavings account, for example, qualifies children as young as 7 years old to open their own account (with the help of their parents, of course), which can be considered as a “kids savings” or “junior savings” account. Remember when we said that Microsavings accounts are more focused on disciplining its account holders when it comes to financial management? This is where it is most distinguishable, as training your kids to properly manage their finances at an early age has a positive outcome once they grow up into responsible adults.

3. The requirements are easier to accomplish and present.

Cebuana Lhuillier’s Microsavings service is very inclusive, as indicated by their list of requirements. For example, in order for you to apply, you just need to visit any of Cebuana Lhuillier’s 2,500 branches nationwide and fill-out the Client Customer Information File Sheet while presenting the following:

  1. Government issued ID
  2. Birth Certificate (applicable to minors only)
  3. Student ID (applicable only if student is currently enrolled)
  4. P50 minimum initial deposit
  5. P100 card fee (for clients w/o 24k card)

Take note of the initial deposit amount. Yes, you’ve read that right, only P50. The list of IDs you may present also makes the application process welcoming in its very own way, as the list of accepted Government/Valid IDs are:

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s 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)

Even owning one or two of these would be enough to qualify you for a Microsavings account.

So, that is basically it. Microsavings accounts are indeed, the future of affordable banking. They have established themselves as the most accessible banking option ever, while still improving their services, offering a lot more in the long run. The features, the options, and the perks are just way too impressive to ignore. So, what are you waiting for? Visit your nearest Cebuana Lhuillier branch now and feel free to inquire about their amazing Microsavings services.

Cebuana Lhuillier joins GMA’s donation drive for PPE for frontliners; waives remittance fees for donors

Service fees for donations made to GMA Kapuso Foundation’s Operation Bayanihan: Labanan Ang COVID-19 campaign to aid medical frontliners is now waived.

Cebuana Lhuillier decided to forego its remittance fees for donors who would like to contribute to GMA’s donation drive to purchase face masks, rubbing alcohol, hand sanitizers, and gloves which will be provided to frontliners at public hospitals as well as personnel stationed at checkpoints for the entire duration of the enhanced community quarantine.

“Cebuana Lhuillier’s commitment to serve Filipinos will always be in place, and right now our noble men and women who are bravely tackling this pandemic head-on, need our support. I hope we are able to send a clear message that now, more than ever, we must work together as a nation to combat COVID-19.” said Cebuana Lhuillier president and CEO Jean Henri Lhuillier.

GMA’s Kapuso Foundation launched its Operation Bayanihan: Labanan ang COVID-19 campaign to aid frontliners who are in need of protective personal equipment given the swiftly dwindling supplies in hospital as COVID-19 cases are on a steady rise in the country and distribute grocery family packs for vulnerable families in Metro Manila whose means of income have been halted due to the enhanced community quarantine.

Cebuana Lhuillier implores everyone to work together to ease the plight of the many Filipino individuals, families, and communities affected by the threat of COVID-19 as well as the effect of the enhanced community quarantine. For all cash donations, you may visit Cebuana Lhuillier branches near you.

USSC expands Super Padala network with Cebuana Lhuillier partnership

 

GUIDED by a mission of promoting greater financial inclusion among all Filipinos through innovative and affordable financial solutions, microfinancial services giant, Cebuana Lhuillier and growing chain of non-bank financial service stores, USSC (Universal Storefront Services Corporation), have recently formed a partnership.

Through this partnership, Cebuana Lhuillier and USSC will be able to extend their money transfer services to more Filipinos all over the country. Customers may now claim their remittances at USSC’s more than 1,500 outlets around the country and Cebuana Lhuillier’s more than 2,500 branches nationwide, as well.

With these two brands uniting their efforts, Filipinos will have more convenient payout options when it comes to their local remittance. “This partnership will definitely have a positive impact towards the lives of the Filipinos who rely on money remittances for their everyday needs. Through this partnership, we are simply extending our hands to assist and remind them that the country’s most recognized brands in the domestic money transfer business are now closer to them than ever,” said Jose Xavier Gonzales, USSC’s chief executive officer.

Cebuana Lhuillier Senior Executive Vice President, Philippe Andre Lhuillier, adds: “The combined dominance of Cebuana Lhuillier and USSC will enable for better delivery of services to our clientele. With both companies working together, Ka-Cebuanas regardless of their location in the Philippines will have access to additional domestic remittance outlets available nationwide through USSC’s network.”

Cebuana Lhuillier waives remittance fees for PPE donors

Service fees for donations made to GMA Kapuso Foundation’s Operation Bayanihan: Labanan Ang COVID-19 campaign to aid medical frontliners is now waived.

Cebuana Lhuillier decided to forego its remittance fees for donors who would like to contribute to GMA’s donation drive to purchase face masks, rubbing alcohol, hand sanitizers, and gloves which will be provided to frontliners at public hospitals as well as personnel stationed at checkpoints for the entire duration of the enhanced community quarantine.

“Cebuana Lhuillier’s commitment to serve Filipinos will always be in place, and right now our noble men and women who are bravely tackling this pandemic head-on, need our support. I hope we are able to send a clear message that now, more than ever, we must work together as a nation to combat COVID-19.” said Cebuana Lhuillier president and CEO Jean Henri Lhuillier.

GMA’s Kapuso Foundation launched its Operation Bayanihan: Labanan ang COVID-19 campaign to aid frontliners who are in need of protective personal equipment given the swiftly dwindling supplies in hospital as COVID-19 cases are on a steady rise in the country and distribute grocery family packs for vulnerable families in Metro Manila whose means of income have been halted due to the enhanced community quarantine.

Cebuana Lhuillier implores everyone to work together to ease the plight of the many Filipino individuals, families, and communities affected by the threat of COVID-19 as well as the effect of the enhanced community quarantine. For all cash donations, you may visit Cebuana Lhuillier branches near you.

Sending Love this Summer Season

The summer season is a perfect opportunity for us to get closer to our loved ones. Aside from the fact that the school year has ended for the kids, the weather is perfect for out of town trips and family gatherings. For the most part, some of us can afford such vacation plans, due to us being in very close proximity with our loved ones, sharing a home with our spouse, kids, and even our in-laws. However, not everyone has the same opportunity or privilege of achieving that. Many hardworking Pinoys in the urban cities of Luzon aren’t really originally from Manila, instead, many of them were born and raised in the province. Because of that, they might have not seen their loved ones for a long time, enduring homesickness while working hard and trying to make it big in Manila.

You might think that just because its summer, they’ll be able to leave their work and beeline straight home to meet their family again, but that cannot be further from the truth. Many Filipinos, especially under strict contract conditions cannot just up and leave without salary deductions and technical policies, thus, putting their occupation at risk, even after returning from vacation. In such case, the most sensible solution would be for their loved ones to pay them a visit. But such solution requires cash, especially as most of our provinces are a whole day’s length away, so much that in fact the fare expenses would reach up to the thousands or more. And we’re just putting into account the expenses that may involve one travelling family member, so if your spouse were to bring along your kids for a visit here in Manila, you may expect the fare expenses to multiply. They would not be able to shoulder the expenses, as remember, you are the breadwinner, you are the provider, and they’re just waiting out for your financial remittances in order to pay for the bills and tuition fees back in the province.

Cebuana Lhuillier’s Money Remittance Service as a bridge towards reuniting with your family again.

You’d no longer have to worry, as Cebuana Lhuillier’s Money Remittance Service would be your helping hand when it comes to sending your loved ones the well-needed amount to travel in Manila. The Pera Padala service is quick, easy, and safe way to send and receive money within and outside the Philippines. Your family may claim the money as soon as you’ve completed the remittance process in your local branch.

The process of sending money in the province is easy and can be done in just a few minutes:

  • Visit your nearest Cebuana Lhuillier branch and fill out the Pera Padala form.
  • You may then submit the filled out form, together with a Valid ID and a 24k card (if you are a 24k cardholder) to the branch personnel.
  • Give the total amount to be sent. Count it well before presenting it to the branch personnel.
  • Secure the Pera Padala form (and count the change received, if there is any).
  • Take note of the 10-digit control number, and then, send it to the receiver/beneficiary of money transfer, in this case, the receiver would be your loved ones.

NOTE: The receiver/beneficiary should provide the control number and present a Valid ID when claiming the remittance.

For your loved ones back in the province, the process of claiming the remitted amount is also simple.

  • They may visit any nearby Cebuana Lhuillier Pawnshop branch and fill out the Pera Padala form. All of the details should be written down correctly, so it would be consistent with the details provided by the sender as well.
  • After presenting the accomplished form they need to present a Valid ID and a 24k card (if they are a 24k card holder). All requirements should only be presented to the authorized personnel.
  • As with all transactions that involves money, the receivers should count the amount received before leaving the branch.

If your loved ones in the province would not be able to reach their Cebuana Lhuillier branches due to unforeseen circumstances, they may instead coordinate with the authorized Cebuana Lhuillier Pera Padala Agents (for domestic remittances). The authorized agents are:

  • ADB Lending Company, Inc. (Pasamonte)
  • Expresspay, Inc.
  • Global Pinoy Remittance and Services (GPRS)
  • Orient Asia Lending, Inc. (Prime Remit)
  • Jewelhouse Pawnshop and Jewelry
  • Ayala Alabang Village Association-Employees Multi-Purpose Cooperative (AAVA-EMPC)
  • FILHAI Multi-Purpose Cooperative (FILHAI MPC)
  • Republic Pawnshops Corporation (H Lhuillier)
  • Quickloan Pawnshop
  • Cardbank, Inc.
  • Tiaong Rural Bank, Inc.
  • China Bank Savings, Inc
  • Cantilan Bank, Inc
  • Enterprise Bank, Inc
  • ABS-CBN E-Money Plus, Inc (myREMIT)
  • Opportunity Kauswagan Remit, Inc. (OK Remit)
  • Dalton Pawnshop and Jewelry, Inc.
  • Inter Asia Development Bank
  • Gata Daku Multi-Purpose Cooperative (GDMPC)
  • Sun Gate Pawnshop
  • Card SME Bank
  • Viaexpress Travel & Tours, Inc.
  • Philippine Postal Savings Bank
  • Bayad Center
  • Tanglaw Pawnshop
  • Golden Rural Bank
  • Pazalonia Pawnshop
  • Country Builders
  • Rural Bank of Kiamba (Sarangani) Inc.
  • Common Wealth Rural Bank
  • Via.com

They may visit any of these authorized agents once you’ve given them the control number. You may simply call, text, or chat the important details, but remember to remind your loved ones to bring a Valid ID, and also, to never share the control number with anyone else other than the branch personnel inside the Cebuana Lhuillier branch or the authorized agents.

Now, all of these are made possible only by a well-trusted remittance center, and nothing indicates a more trusted name than Cebuana Lhuiller. With Cebuana Lhuillier’s Pera Padala Service, you are ensured an easy, quick, and safe way to send and receive money. With more than 2500 branches nationwide and accredited international and domestic partners, this money transfer service is made available to clients within and outside the Philippines. All transactions are real time, which enables clients to claim the money as soon as the sender completes the sending process in the branch. So feel free to visit any nearby Cebuana Lhuillier branch for your money remittance needs – we assure a fast, easy and secure transaction.

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)