Cebuana Lhuillier, Western Union team up for open network partnership

Customers of Western Union will soon be able to send and receive money transfers in the Philippines through Cebuana Lhuillier, as the two companies have teamed up to enable transactions between their two systems.

Under the partnership, customers can transact through the 2,500 locations of Cebuana Lhuillier and send or receive money via Western Union’s global network across over 200 countries.

The service is expected to be rolled out in the coming weeks, but a specific date has yet to be announced.

“In an age when speed, reliability and convenience mean everything, we are increasing the number of touchpoints where our customers can access our services and connect with their loved ones around the world,” said Jean Claude Farah, president of the Western Union Global Network.

“We welcome Cebuana Lhuillier to the Western Union family and are proud and excited to work collaboratively to reach more customers together,” he added.

For its part, Cebuana Lhuillier said the partnership will give Filipinos access to the Western Union network which covers over 550,000 retail agent locations.

“This partnership with Western Union is a prudent step in ensuring accessibility for the millions of Filipinos around the world and in paving the way for a future-proof network with presence in almost all parts of the globe,” said Jean Henri Lhuillier, president and chief executive officer of Cebuana Lhuillier.

“We are more than thrilled to collaborate with Western Union as their company values line up perfectly with our core of facilitating financial inclusion for the underserved Filipinos and expanding our reach makes that all the more possible,” he added.

Quick and Hassle-Free: Alternative Ways to Send Money to Your Loved Ones this Quarantine Period

It is in the nature of a Filipino to help his or her loved ones during a time of crisis. Whenever they’re in need, we are always the first ones to act. May it be night or day, rain or shine, we are always first on the scene, always ready to help. Sometimes, the help they require aren’t really in the form of material things, such as a helpful advice or a listening ear towards their daily stress. However, one main concern that usually pops up is always something that involves financials. Of course, this concern isn’t new at all. You may have had relatives in the past who were urged to borrow a few amounts from you due to unforeseen circumstances, and you, the kindhearted loved one is always happy to comply. The act of sending money towards another region is a typical activity within the Filipino culture, after all. Hardworking parents would send money towards their kids in the province for their education, while middle-aged working class people would remit money towards their parents as well in a reverse form of this act, though the latter is more common than the other.

 

Now, at first glance, money remittance may look to function in only a singular process, namely, the sender would have to go to their nearest money remittance branch, fill in a form, submit that completed form together with the money, then wait for the teller to provide them with the receipt and control number, which in turn would be given to the receiver of the cash via text message. It all looks permanent and simple, so much that even the youngest member of your family would be able to describe the very same process for you if you were to ask. However, the advent of technology brought in alternative processes which definitely made it much easier for people to receive their money in no time. These processes utilized the different forms of technology, which in turn forever changed the singular image of “money remittance” as a whole. Don’t believe us? Here are just a few major examples.

 

  • Via bank to bank transfer

In 2017, the BSP (Bangko Sentral ng Pilipinas) found that 15.8 million Filipinos have their own bank accounts. Years had since passed, and obviously, that number may have grown in the thousands (and even millions) in that short span of time. In such case, one of the alternatives to the usual money remittance process would be a bank to bank money transfer. This can be done in one or two ways, but basically, the sender may send over the amount from his account towards the account of the receiver. Now, this process used to be singular too, in a way that the sender has to go to his nearest bank branch and deposit the money in the bank account of the receiver. Nowadays, he or she may simply log-in in his/her banking app, then transfer the money with only a few clicks on their smartphone. This is even more flexible due to the fact that both the sender and the receiver of the money do not even need to be using the same bank. If the receiver has a different bank than the sender, they would still be able to receive the deposited or transferred cash amount, though inter-banking transactions may cost the sender a little bit of fee. Either way, this seems to be a well-accepted alternative nowadays, since it would save everyone time. Just think about it, if you have the app installed on your phone, you no longer have to line up in the bank, with just a few clicks, the money would be wired towards your friend or loved ones.

 

  • Via online money remittance

Now, as flexible as bank to bank money transfers may be, no one can ever replace the main purveyors of money transfer services, which is the remittance centers. Cebuana Lhuillier has been at the forefront of this service since the beginning (aside from their pawning service, of course), which is why they are the go-to option if you’re aiming for a more traditional, yet, modern take on money remittance. Cebuana Lhuillier’s 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, namely, the newly introduced eCebuana App. It’s fairly easy to use as well, with a lot of options. 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 may be as convenient and flexible as 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.

 

  • Via bank to money remittance partner

Cebuana Lhuillier isn’t new to developing and evolving their services for the convenience of the Filipino people, which is why it shouldn’t be a surprise that they’ve recently signed up in partnership with one of the leading banks in the Philippines, namely, with BPI or Bank of the Philippine Islands to introduce the new BPI to Cash. This is great news for BPI account holders who do not have the time to visit their nearest branch, especially during the pandemic. The process is fairly simple as well:

 

  1. The sender may go to https://bpitocash.com/ and select Cebuana Lhuillier from the options.
  2. He/she would then need to enter the full amount to be sent, followed by the full name of the receiver.
  3. The sender would then need to log-in to their BPI online account and choose fund source.
  4. They would then need to enter the OTP sent to the number registered to their BPI online account.
  5. After that, they may send the cash reference number to the receiver. The receiver would need to present this cash reference number to the nearest Cebuana Lhuillier branch in order to acquire the cash.

 

With all of that being said, nothing beats the Filipino spirit of camaraderie and love. After all, it is the duty of every Filipino to look after each other, especially during the time of crisis and the pandemic. Of course, Cebuana Lhuillier is always there to back them up with the arduous task of sending money to the people that they care about, evolving their businesses and services to cater to every Filipino’s needs.

Practical Tips on Saving this Rainy Season

The rainy season is finally upon us. After months and months of extreme sunlight and unbearable heat, you can finally feel the relief, knowing that you would no longer (at least for this particular season) wake up full of sweat. Now, the relief from the extreme heat isn’t just the positive thing that people are expecting out of this change of weather. No, there is something far better, more critical, and noteworthy about the arrival of the rainy season – savings. The thing about the summer season is that we’d usually do everything within our reach to stay cool. Whether you’d do it manually (a handy folding fan) or mechanically (an electric fan), the goal is fundamentally the same. You want to get rid of that unwanted heat, everyone does. So the rainy season provides an opportunity for us to do away with most of these. Still skeptical? Well, here are a few examples of these opportunities in saving during the cool, windy, and drizzly season. Keep in mind that this isn’t really the most comprehensive list of examples. We might miss a few along the way, nonetheless, this is the most common ones during this particular season.

 

  • Time to turn off the fans.

The only reason you’re using electric fans during the summer is because you wouldn’t want to retain your surrounding’s hot temperature. There is no breeze, no wind, no cool circulation, unless you turn on your electric fan. Yes, others may argue that the wind generated by the fan may also come out hot, but that is still better than nothing. At least you’d be able to circulate that hot air well enough for your living room to be somewhat cool around sunset. This all changes during the rainy season, when you no longer need to turn on your fan. The thing about rain is that, it’s not only wet, but it also brings with it strong, cool winds, as if it came straight from your refrigerator. The circulation begins to change, with your surrounding air becoming more comfortable, more tolerable, and more acceptable than summer air. Now, are you able to save just by turning off your electric fans? Yes, of course! Believe it or not, electric fans, when all utilized simultaneously, may consume the same amount of electricity that an air conditioner does. Recent studies have shown that all it takes is nine (9) electric fans, all nine of them to be working simultaneously to be able to generate at least the same amount of electric consumption that one air conditioner does. Just think about that. If you happen to live in a spacy house with multiple rooms, and your family members aren’t able to tolerate the heat during summer, then you’d probably have to turn on your fans all the time. This doesn’t bode well for your budget, knowing that you consume all of those electricity on a daily basis. At least, during the rainy season, you can turn off all your fans and let the cool wind flow in. Not only would you be able to conserve energy, you’d also sleep at night comfortably, knowing that you’d finally be able to save when the next bill arrives.

 

  • A free wash for your home.

Water has always been the most important resource for everyone. We may need food, electricity, and money to get by each day, but without water, that all amounts to nothing. Of course, we don’t just use water for drinking, we also use it for cleaning. You’d do your laundry with water, you’d wash your front yard with water, and you’d rinse your roof with water. Now, as with every available resource we use on a daily basis, there are monthly fees to be paid. Same as with electricity, our government charges us for water usage. The more you use or consume, the more that you’d have to pay. Even if it wasn’t you who opened the tap directly, even if it was a careless family member, you still have to pay for it as a whole. The good news is, there are always alternatives to consuming water from your tap or faucets. Rain water, for example, would be very abundant during the rainy season, hence, why you should think about gathering a bucket or two each time it rains. You can also forget about trying to wash your roof or front yard during a hot, sunny weather, as rainfall would be your natural lifesaver, especially if you wouldn’t want to exert extra effort in cleaning the whole house. One heavy drizzle would be enough for your outdoor yard to look sleek and clean after a high-pressure wash. Just think about the gallons of water you’d save each that it rains. Subtract that from your usual monthly usage of water and you’d be able to save a couple of hundreds from your next water bill.

 

  • Avoid the rain, stay home.

Believe it or not, almost everyone would be able to save on transportation expenses whenever it rains. There is something about rain that affects a person’s motivation to travel outside.  Even if they were planning to do so, the cold, rainy weather may bring in that feeling of laziness and sleepiness, thus eliminating any urge to go outdoors. This is similar to how students feel during a rainy school day. Even in spite of their examinations on that very day, they would be reluctant to go to school. Somehow, we adults never grew from this, hence, why you may sometimes feel hesitant to go to work at the very sight of a cloudy morning. Now, due to the pandemic, people haven’t really gone out of their homes, except for when they need to fetch groceries, but that wouldn’t stop others from going about to do some unessential errands, which isn’t really a good idea when there’s a virus on the loose. At least the rain would stop them from committing that fatal mistake. Just think about it, the transportation fare has been high even before the pandemic began, so just imagine how high it is now, especially as there is a scarcity of rides and PUV. Think of all the hundreds you’ll be able to save just by staying at home during a rainy day, both in the context of your budget and of your community.

 

With all of these in mind, you may be looking for a well-trusted name that would safely value the security of your hard-earned money and savings during the rainy weather. Well, look no further than Cebuana Lhuillier’s Micro Savings services. At its core, it aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines, but doesn’t require a maintaining balance. So what are you waiting for? Feel free to visit the nearest Cebuana Lhuillier now!

Everything that Glitters: Cebuana Lhuillier’s Pawning Service and Appraisal

Cebuana Lhuillier has always been at the forefront of every Filipino’s financial needs. Whenever someone needs cash, Cebuana Lhuillier is here to help. Of course, they’ve been around for decades, and their business has evolved in many ways, offering more services as the years went by, so is it any wonder why they are one of the most recognizable brands in the Philippines? The thing you should know about Cebuana Lhuillier is that, in spite of their many offered services, they haven’t forgotten their roots – Pawning. While other brands started out strong, faltering along the way due to the loss of their own business identity, Cebuana Lhuillier avoided this pitfall by playing to their strengths, maintaining their pawning service, in large part due to the demands of the people. People will always have to reach out to acquire financial help, the very same people have a few jewelries and heirlooms that they can pawn off for a reasonable amount, and those very same people are satisfied with the outcome, thus, we have a longstanding name that is the staple of every Filipino. It doesn’t matter if you were to ask a children or an adult if they recognize the name Cebuana Lhuillier, they will always be familiar with it.

 

A brief history of its humble beginnings and its current business goal

Cebuana Lhuillier was established in 1988 by the PJ Lhuillier Group of Companies (PJLGC). Not limited by their main business of pawning, they have since branched out into many financial services such as remittance, microinsurance, micro savings, and business to business micro loan solutions. There used to be a time in which all of these transactions were done in person, with the client or customer needing to be in line at their nearest branch to undergo the process, but Cebuana Lhuillier evolved their business and services, and as of this writing, incorporates their eCebuana App to cater to our fellow Filipinos who do not have time to stand in line. Most, if not some of their offered services can now be accomplished with just a few clicks on their smartphones. Now, in spite of all these changes, Cebuana Lhuillier’s mantra of serving the Filipino people hasn’t changed. It has and still is about serving the Filipino people, anytime, anywhere, and the fact that there are over 2,200 branches all around the Philippines says so much about their goal to reach out to every Filipino who are in need of their services.

 

Of course, the fact that Cebuana Lhuillier, being established and handled by the PJ Lhuillier Group of Companies (PJLGC) while achieving their current business goals wouldn’t be much of a surprise. PJLGC attributes their dominance in the industry towards their habitual innovation, to their robust network of local and international partners, and to their commitment to nurture their ever-growing list of growing clientele. This says so much about their culture, as they always aim to evolve their business and to achieve what other companies may have not achieved before. In due time, Cebuana Lhuillier’s parent company also ventured into other industries such as retail, hotel and restaurant management, IT, sports management, and real estate, so is it any wonder that Cebuana Lhuillier itself can relate to the needs of the average Filipino? They have a certain level of consciousness with regards to the demands of the people, and they have played their part in providing just that.

 

Playing to their strengths

Cebuana Lhuillier, in spite of the fact that they have branched out into many other services, haven’t really forgotten their main course of financial service. You see, pawning has always been etched with the name Cebuana Lhuillier. Try this out, ask anyone what they think about the name, and they will straight up tell you that it is a pawnshop. Of course, that’s just natural, as it is indeed the main identity of Cebuana Lhuillier, and that is one of the main reasons why they’ve been a success throughout the years. They haven’t forgotten where they came from, and neither have they forgotten their main goal of assisting the Filipino people with their financial needs. Any company or industry that stays true to its roots had so far shown a powerful resilience throughout the many challenges brought about by the ever-changing climate of the economy. Many have failed, many have run out of business, and many just gave up, but not Cebuana Lhuillier. They’ve been alive for many decades, and they will continue to flourish as the years go by.

 

What is the secret to their success?

Cebuana Lhuillier’s Pawning service, being at the forefront of their other offered services has definitely made its mark within the Philippine society. But that is made more obvious by how the Filipino people trust their business practices. You see, while others may have taken the route of charging their services too high or cheating their customers out of their money for their own gain, Cebuana Lhuillier took the higher ground and continued to serve the Filipino people with nothing but honesty and exemplary service in mind. You may ask, “How do they even do that?” Well, look no further than their current appraisal in pawning. Cebuana Lhuillier actually offers a 30% higher appraisal on gold items. Just imagine that. Not 10, not 15, not even 20 or 25, but a definite 30%. You would not be able to find a more honest and a more customer-friendly deal than that. Of course, as the customer, it is your responsibility to ensure that the item/s that you’re going to pawn off are in great condition, and in doing so, you may get a good appraisal on those very items. And as we’ve mentioned, much better if it’s made of gold due to the higher appraisal. No cracks, no dents, no strange markings other than the intended ornaments on your jewelries.

 

So with all of that being said, you can never go wrong with Cebuana Lhuillier’s Pawning Service. They lead the pawning industry by offering only the safest and the highest appraisal rate in the industry in its more than 2,500 branches nationwide. You may visit your nearest Cebuana Lhuillier branch now for more information.

Every Centavo Counts: Teaching your Family Members the Value of Money and Why You Still Should Save During the Pandemic

All of us should learn to save, come rain, come shine. There used to be a time when we’d laugh and take that quote for granted, but now that we’re in the middle of a pandemic, that passage has never been more true. A person’s motivation to save is purely out of his/her necessity to prepare for any unforeseen crisis, and when that crisis finally arrives, that very same person can at least breathe a sigh of relief, knowing that they can go toe to toe with any financial problem that comes their way. As the head of your family, it is your responsibility to teach your loved ones the value of money. Every centavo counts, no amount, no matter how big or small, should be wasted or spent unceremoniously. It is the responsibility of every family member to do their part, to save every peso or centavo that comes their way.

 

Now, you may ask, “How would I teach my family to save?” It sounds so simple, yet tricky to accomplish. One minute you’re telling your kids to conserve water and electricity, the next you’re scolding them for not following your instructions. Indeed, something so simple may turn out to be too difficult in the long run. But here’s the thing, nothing in life is ever easy. Forget about the thought of being able to save because it’s the easiest thing that you’d ever have to do. No, being able to set a significant amount for your future and the future of your family would never be an easy task. So in lieu of that, we’ve prepared a few pointers to help you with this. It may be a long process from here on out, but at least you’ll be on your way towards financial progress.

 

  • Reminders never hurt when trying to discipline your family to do the right thing.

Let your family know that you are serious about saving. Whenever you’d feel that they’re about to spend more than what they’d need, remind them. Don’t call them out like a principal calling out a naughty student, but instead, talk to them. Talk to your youngest kids, talk to your eldest children, talk to your spouse about the amount that you’d be able to save for the week. Give them a general idea of the dos and don’ts, remind them that even though it’s difficult at first, all would benefit from being able to save, even for the whole month.  Savings, no matter how small they are can contribute towards the improvement of your financials. Remind them that not all the nice things can be bought, and should be bought. Let them know that everything should be accounted for, may it be money or other forms of resources.

 

  • Set a good example at home.

As the head of your family, no one else would be a better example than you. All of it, the initiation, the motivation, the pep talks, all of it has to start from you. And rightfully so, you should set in stone that you are doing your part to manage the budget, you are doing your part to save, so you should expect your loved ones to do the same. Of course, this doesn’t mean that you should hold your money all too tight, as understandably, the household is standing on its feet due to the budget. Whatever it is that they need, food, water, electricity, take that into account and spend your earnings on those needs, but avoid overspending on the other non-essentials. After paying for the essentials, set aside the leftover amount and show your loved ones that not one centavo is wasted. Be firm about your saving, continue to be a great example, then watch them follow your example.

 

  • Set their expectations. Let them know of the advantages of saving.

Of course, there is always a purpose to your current actions. You are not managing your budget well right now just because you’re paranoid of the future. No, it’s all about being prepared, being ready for any unforeseen circumstances. Take the current pandemic, for example, no one knew that such a virus would cause too much damage on our economy, let alone, across the world. Many were unprepared when COVID-19 hit our shores, no one knew its effects to the human body, and that such a virus may cause huge expenses due to the severity of its symptoms. To say the least, people who’ve been preparing even before the pandemic started would have a cushion in their budget. So if ever (knock on wood) one of their loved ones were to be infected, they wouldn’t need to worry too much about the expenses. The same principle would apply to the people who lost their jobs due to the virus, many companies closed down, many were let go, many were given no choice but to try to find a new job, and that task is almost close to impossible, due to the fact that the pandemic brought with it a scarcity of jobs across the country. People who save, people who are able to set aside a few thousands in their account may be able to provide for their families, even well beyond a time of crisis.

 

Of course, advantages towards saving may come in many different forms. While the normal advantage would come out as an emergency fund for the unforeseeable future, one surprise advantage would be one which is currently implemented by Cebuana Lhuillier. Introducing, Cebuana Lhuillier’s Instant Savings Promo 2020!

 

What is Cebuana Lhuillier’s Instant Savings Promo 2020 and what are the Promo Mechanics?

Cebuana Lhuillier’s Instant Savings Promo 2020 is a raffle promo implemented within Cebuana Lhuillier’s Microsavings service. The promo mechanics are as follows:

 

  • The promo period is from June 15 to September 14, 2020.
  • New and existing Microsavings account holders are eligible to join the promo.
  • Participants would be able to obtain an e-raffle entry by doing the following transactions and maintaining at least a minimum of P1,000 Average Daily Balance (ADB) within 30/31 days:

These details are just the icing on the cake, as we know that you’re curious to know more about the complete mechanics. In such case, you may visit https://www.cebuanalhuillier.com/instant-savings-promo/ for more information.

 

With all of these in mind, you may be looking for a well-trusted name that would safely value the security of your hard-earned money and savings during the pandemic. Well, look no further than Cebuana Lhuillier’s Micro Savings services. At its core, it aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines, but doesn’t require a maintaining balance. So what are you waiting for? Feel free to visit the nearest Cebuana Lhuillier now!

CTPL: Your Friendly Insurance on the Road

Vehicle insurance – everyone needs them. Whenever you’re riding down the road, you are certain that anything can happen, and indeed, many unexpected things do occur on the on a daily basis. Even the most seasoned drivers, riders, and even commuters are faced with unforeseen circumstances, so much that many would prefer to prepare for the inevitable. The good news is, there is such a thing as a vehicle insurance, a form of protection for when the unexpected were to happen. Now, you may ask, what is vehicle insurance? Simply put, vehicle insurance is defined as:

 

The insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

 

So the next time you’re on the road, you no longer need to fear about big expenses due to collisions, as you can pretty much be sure that an insurance will cover all the expenses for you. Now, in spite of the fact that the definition seems a bit generalized, there are actually multiple types of vehicle insurances. We wouldn’t like to lull you to sleep, so, we will only be discussing one major vehicle insurance that may very well catch your interest.

 

What is a CTPL insurance?

The abbreviation CTPL stands for Compulsory Third Party Liability (CTPL). Within the insurance industry, it is also known as Compulsory Motor Vehicle Liability insurance or CMVL. Before we proceed any further, take note that the CTPL coverage is mandated by the Land Transportation Office (LTO) of the Philippines for all motor vehicle owners. This means that it is at least one of the preliminary requirements that you must acquire before even heading out to LTO to register your newly bought vehicle. With that in mind, let us proceed with its main purpose, which is, “to protect the owner of the vehicle from financial obligations to anyone who is injured or killed by the insured vehicle.” Keep in mind that all of this applies to owners of both cars and motorcycles, so whether you’re riding a delivery van or scooting through on two wheels, you are required and entitled to own such insurance.

 

Now, the definition and the purpose itself may sound simple, however, there are a few technicalities when it comes to the implementation of the CTPL insurance. To be clear about these technicalities, here are just a few of the major ones. Keep these in mind for when you are about to acquire this particular insurance in the foreseeable future to avoid any confusion.

 

  • The CTPL only covers third parties, and that does not include the driver.

You may ask, “Who are these third parties?” How would I determine which is which? Well, third party members may refer to any unsuspecting person outside the vehicle and is not a member of your family, including household members. For example, if (by accident) you were to hit an innocent bystander or a pedestrian, your insurance will pay for the expenses of that injured person. However, if you accidentally hit your maid or your brother, your CTPL will not cover their medical expenses. It’s a bit tricky to understand at first, but always remind yourself that the insurance mostly caters to “strangers,” rather than your “relatives and loved ones.” Doing so would make it easier to comprehend.

 

  • The CTPL also has benchmark for whom to provide compensation for, if they are within the vehicle.

Of course, CTPL doesn’t just cover bystanders getting hit and injured outside the vehicle, it also covers the expenses of the passengers within the vehicle itself, though this may get too technical, so we will segregate them through a simple chart:

 

 

Now, we understand that a CTPL may not seem too inclusive at first, but it is only because it is a different type of insurance, which people may misinterpret for other comprehensive personal insurances. A general consensus even clarifies this:

 

“A CTPL is NOT a comprehensive car insurance, and it isn’t a substitute for what that insurance offers as well. A comprehensive car insurance offers more coverage than a CTPL, in terms of loss and/or damage of vehicle, excess bodily injury, property damage, no-fault indemnity cover, and auto passenger personal accident.”

 

This means that a CTPL is more of a complimentary insurance to a comprehensive vehicle insurance rather than being a standalone. This may seem too much of a process (not to mention, financial expense) from a glimpse, but there is a good news to this.

 

  • The CTPL insurance is affordable, more affordable than the expenses that you may acquire just by being involved in a road accident without having bought any coverage at all.

We might have mentioned this before in one of our older write-ups, but the one-year coverage of CTPL usually entails a PhP560.00 fee for private cars and PhP250.00 for motorcycles. If you opt for a three-year coverage, private cars can pay PhP1,610.00 and for motorcycles PhP720.00. As you can see, it isn’t really much of a hassle when it comes to the budget. Just imagine the thousands you’d have to spend if you were not able to purchase a reliable CTPL insurance.

 

Okay, so is there anywhere in the Philippines where I may acquire this CTPL insurance?

Yes, as a matter of fact, the nearest source may just be one tricycle ride away from you. Cebuana Lhuillier offers their very own CTPL insurance. Don’t let the name fool you, for many years, Cebuana Lhuillier has branched out towards other services such as microinsurance and microloans. And within those years, they have proven that they can deliver outstanding service even beyond their main offering, which is pawning.

 

If I were to avail a CTPL insurance from Cebuana Lhuillier, does it entail any benefit for me?

Yes, it actually does. The great thing about Cebuana Lhuillier is that they offer more than the usual ins and outs of their services, as they also offer various promos that would greatly benefit their patrons. For example, they recently introduced their CTPL E-raffle Promo.

 

What is Cebuana Lhuillier’s CTPL E-raffle Promo and what are its mechanics?

  1. This e-raffle promo will run from July 1 to October 31, 2020.
  2. This is open to all clients of Cebuana Lhuillier.
  3. For every purchase of CTPL, clients will be entitled to one (1) e-raffle entry and will have a chance to win a brand new motorcycle.
  4. There will be one (1) winner of Motorcycle per region for a total of eight (8) winners in the grand draw.
  5. Deadline of entries is on October 31, 2020, 11:59 PM.
  6. Qualified entries will be electronically drawn on November 4, 2020, 10:00 AM at PJ Lhuillier Inc. ICT Office 3/F, The Networld Hub 156 Jupiter cor., Bel Air, Makati City 1209.
  7. Winners will be notified through notification letter/SMS.
  8. Unclaimed prizes will be forfeited sixty (60) days upon receipt of notification.
  9. Employees of P.J. Lhuillier Group of Companies, agencies and services and their relatives up to second degree of consanguinity or affinity are not qualified to join the e-raffle.

 

So, what are you waiting for? Have your rides insured or renew your CTPL now at Cebuana Lhuillier! Feel free to visit the branch nearest you. We ensure a fast, easy, and convenient transaction.

Cebuana Lhuillier responds to new normal, fast tracks drive for digital transformation

Cebuana Lhuillier, the leading microfinancial services provider, has taken a bold leap into the future with the introduction of the eCebuana App. The app boasts brand new features to enhance connectivity for Ka-Cebuanas everywhere.

“The eCebuana app is one of our many digital initiatives set to transform the company into a full-fledged microfinancial services company supported by groundbreaking technology which can meet the various microfinancial needs of our clientele who usually have difficulty accessing digital services, let alone microfinancial services.” said Cebuana Lhuillier president and CEO, Jean Henri Lhuillier.

The eCebuana App enables Cebuana Lhuillier clients to conveniently access microfinancial services such as Micro Savings, Money Remittance, Bills Payment, and E-load services among others. The e-Cebuana app and microsavings are products of Cebuana Lhuillier Rural Bank.

With the mobile app, users can transfer money from their Cebuana Lhuillier Micro Savings accounts to other Micro Savings accounts, or have the money picked up at any Cebuana Lhuillier branch with 20 percent less on fees. Users may also opt to transfer money to other banks through Instapay.

Users with Cebuana Lhuillier Micro Savings account may also check their balance regularly through and monitor their savings journey by checking the user level they’ve obtained.

The app has already racked more than 350,000 downloads and will be fitted with more features in the future such as a Pawn Renew Online service and the capability to open Micro Savings accounts without having to visit the branch.

Budget and Remittance: How Much Money Should You Remit During the Quarantine Period?

There should always be a balance between your overall budget and the money that you’ll utilize to help others. We Filipinos are known to be one of the most helpful and charitable people in the world. Whenever someone is in need, may it be a family, a friend, or a loved one, we are always the first to react to their heed for assistance. For the most part, helping out a family is seen as an obligation, as blood ties will always be stronger than any other bond in the world, however, it is also mainly due to the Filipino spirit of camaraderie and unity. Now, the same thing may apply towards friends, as we definitely treat our closest friends as part of the family. No matter how much of a stranger a friend can be towards your other family members, they can be as close to you as your very own brother or sister, so it is only understandable for you to treat them all in equal footing. With all of that being said, there will always be limits, with regards to the amount of assistance that you may provide towards all of them. While the word “assistance” may come in many form, usually by a piece of advice or as a shoulder to lean on, our current economy may entail that assistance to be made of materials things, specifically, money.

 

Things haven’t been easy for everyone as of late. It was already tough before the pandemic even began, so much more that now, the very same pandemic has taken away the source of income and livelihood of many of our kababayans. You may have a few relatives under that belt, those who were suddenly let go as the pandemic ravaged their businesses, leaving them with nothing to live by. And just to make ends meet, they try to capitalize on opportunities which would jumpstart their goal of making a living again, but in order to initiate that, they need a capital, and who better to ask that from than you? Of course, if you have more than enough, you can help them out by providing that financial assistance. If it wouldn’t be much of a bother (since, understandably, you might have been affected by the economic blow of the pandemic as well), then by all means help your relatives out. But ready as you may be to jump into action, before even taking a step towards remitting your money, make sure that you balance things out first. The thing about sending financial help is that, if you’d send too less of an amount, your budget may remain intact, but that very small amount would not be able to help out your relatives. The opposite thing happens when you send too much financial help, as your relatives may be given more than enough capital to start all over again, but you will be left with nothing to make your very own ends meet. There should at least be proper balance when helping out even the person closest to you.

 

You may ask, “Is there any way for me to determine how to balance out my budget and my remittance?” The good news and definite answer is “Yes, there is.” Since you’re going to be the one to send over that financial assistance, it is your responsibility to even things out between your budget and the amount to be sent. There are many ways to achieve this, but we’re just going to cover the more significant ones, as they are the most efficient and the more commonly known when it comes to balancing out financials.

 

  • Plan out your own budget before sending over any amount for assistance.

One way to determine the perfect balance between your household budget and the money that you’re planning to remit would be to take a look at your very own budget plan. If you don’t have it already, formulate one. Plan out your budget for the upcoming months. Of course, never forget to include the essentials, such as the expenses for your groceries, your bills, your emergency funds, and even for the enrollment of your kids (online classes are now ongoing, and your kids may very much encounter the same situation). Now, after sorting out your budget, plan out in detail your expenditures, make sure that no amount would be wasted, make sure that everything will be accounted for, that no bill would be left unpaid. If you’re able to plot out the budget for the upcoming months at least, then you’re on your way to segregating the amount you’re willing to remit towards your loved ones. If it’s just enough, don’t worry, everyone’s in a hole right now financially and they’ll get by even with only the exact amount that they’d ask for.

 

  • Put into consideration your needs versus your wants.

Especially now that everyone’s in a tight spot, people would need to be more conscious about their spending. We’ve mentioned before about plotting out your budget for the upcoming months, but this is only for the pre-determined parts of your daily living, such as the essentials. There are other things which may catch your attention, and we must tell you that not everything you may see deserves too much of your attention, well enough to be bought. Food, water, electricity, communication utilities, these are all very important, and to be able to avail them, you must not overspend on the unnecessary things. If you were to practice ample amounts of self-control, you’d be surprised at how big of an amount you can save in the long run. Of course, savings would mean being able to have the amount to send over to your loved ones, and that would be more worth than any purchase that you may have online.

 

  • Discuss and possibly negotiate the amount in question.

Sometimes, it can’t be helped. Everyone’s in a struggle right now due to the present situation of our economy, so understandably, you may not even have enough for the amount that your relatives or friends are asking for. If that’s the case, be honest, feel free to discuss your current situation as well. If your friend or relative happens to be living in the province, let them know of the current situation in your place. Life is tough all around, and the urban areas of Manila are in equal footing with the provinces when it comes to the current economic situation. Make them realize that your own family may be experiencing the same situation that they have back at home. Negotiate the financial amount if you must. Your honesty can go a long way.

 

So, these are just some of the many ways to balance out your own budget and the money to be sent towards your friends or 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. Choose Cebuana Lhuillier for their most reliable Money Remittance service. Be sure to visit the nearest branch now for more information.

Cebuana Lhuillier fast tracks digital transformation

In modernizing services, Cebuana Lhuillier has launched the eCebuana App, boasting new features to enhance connectivity for Ka-Cebuanas everywhere.

“The eCebuana app is one of our many digital initiatives set to transform the company into a full-fledged microfinancial services company supported by groundbreaking technology which can meet the various microfinancial needs of our clientele who usually have difficulty accessing digital services, let alone microfinancial services.” said Cebuana Lhuillier president and CEO, Jean Henri Lhuillier.

 

The eCebuana App enables Cebuana Lhuillier clients to conveniently access microfinancial services such as Micro Savings, Money Remittance, Bills Payment, and E-load services among others. The e-Cebuana app and microsavings are products of Cebuana Lhuillier Rural Bank.

With the mobile app, users can transfer money from their Cebuana Lhuillier Micro Savings accounts to other Micro Savings accounts, or have the money picked up at any Cebuana Lhuillier branch with 20% less on fees. Users may also opt to transfer money to other banks through Instapay.

Users with Cebuana Lhuillier Micro Savings account may also check their balance regularly through and monitor their savings journey by checking the user level they’ve obtained.

 

The app has already racked more than 350,000 downloads and will be fitted with more features in the future such as a Pawn Renew Online service and the capability to open Micro Savings accounts without having to visit the branch.

Cebuana Lhuillier makes remittance available at your home

COVID-19 has already affected over close to 12 million people worldwide and has claimed the lives of more than 500,000 individuals.

The surge of infected individuals has prompted for countries around the globe to observe physical distancing and when that proved to be difficult, lockdowns were put in place. These lockdowns or as they are called in the Philippines, Community Quarantines have halted the lives of many people and most especially their livelihood. Given that only essential industries are left functioning and more than 7 million Filipino workers are displaced, financial services have become crucial to the larger population. Access to financial services has become a challenge since going out of the house poses threats and movement is still limited with quarantines in place.The situation has prompted a shift to digital transactions and expanded use of the digital space as well.

As answer to this movement, microfinancial services giant, Cebuana Lhuillier has made it possible for its clients to send money from the comforts of their own homes.“This is one way that Cebuana Lhuillier has adapted to the challenges posed by the pandemic, our Remit-From-Home service makes it much easier and safer for our clients to help their loved ones weather this storm. Cebuana Lhuillier has been and will be with the Filipinos whatever the challenge may be,” said Jean Henri Lhuillier, president and CEO of Cebuana Lhuillier.

The Remit-from-Home service allows clients to send money without having to leave their house and going to Cebuana Lhuillier branches but instead does their transaction online with the help of Cebuana Lhuillier agents. The service is no different to the branch transaction and carries the same safe and secure money transfer Cebuana Lhuillier is known for. Clients can access the Remit-From-Home service by logging on to https://remitfromhome.cebuanalhuillier.com/ and accessing the electronic form for remittance or via the ECebuana App through Instapay.

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)