M Lhuillier Continues to empower Filipino families to Achieve their Goals and Dreams
M Lhuillier Financial Services, Inc., also known as M Lhuillier or MLhuillier, is a Philippine non-banking financial services company. M Lhuillier has been instrumental in providing Filipinos with the financial means to realize their dreams for themselves and their families. It has spearheaded innovative loan solutions that address Filipinos’ evolving needs, encompassing car purchases, quick loans for educational expenses for their children or siblings, home improvements, and unforeseen circumstances such as emergencies and medical expenses. M Lhuillier has been instrumental in transforming aspirations into reality.
Can a car loan help you buy a new car or secondhand?
Are you having trouble finding and getting a low-interest rate when it comes to car loans? When you don’t have the cash on hand to pay for a new car or secondhand, a car loan can help you buy it — whether the vehicle is new or used. When you get an auto loan, you borrow money from a lender to buy a car. You agree to pay back the funds over a set period of time, plus any fees and interest you accrue.
Car loans can be confusing and overwhelming — especially if it’s your first time financing a car. From interest rates to down payments to the length of your loan, there’s a lot you need to understand. But the better you understand auto financing, the more prepared you’ll be to negotiate the best deal for your situation.
One of M Lhuillier’s standout offerings is its car refinancing product, known as the “Sangla OR/CR” loan. This product allows car and business owners to apply for a loan using only the original copies of their vehicle’s official receipt and certificate of registration. Unlike traditional collateral-based loans, borrowers do not need to surrender their vehicles, enabling them to maintain their day-to-day operations seamlessly. Repayment typically spans 24 to 36 months, covering both the principal and interest.
M Lhuillier has more than 3,000 branches nationwide, ML Quick Cash Loan / ML Quick Car Loan is one of the most widely available and trusted money lending services across the country.
With the highest appraisal and lowest interest rates in the industry, you’ll definitely get the value you deserve in every transaction. M Lhuillier’s well-trained and friendly staff makes sure that you get fair and reliable appraisals and are committed to keeping your transactions confidential.
These are the following M Lhuillier Car Loan Requirements
1. Must be employed (locally or overseas), or self-employed, with proof of income; or a pensioner with proof of pension payments
2. Used vehicle must have the original receipt and original certificate of registration (LTO OR/CR)
3. Must be able to bring the vehicle (collateral) to one of our branches for inspection & appraisal
Terms & Conditions
1. Second-hand units built by Honda, Toyota, Mitsubishi, Isuzu, Ford, Suzuki, & Nissan are acceptable. Korean, Chinese, & Indian brands cannot be financed
2. Year Model 2012 & later accepted; provided not to exceed 10 years upon maturity of the loan
3. Up to 70% of the appraised value of the vehicle is the maximum amount of the loan
4. Loan terms can be set from 12mos. to 36 mos.
5. Interest rates range from 1.5%/mo. to 1.8%/mo. (18.00%-21.60% APR), depending on unit condition & stability of income.
6. Other charges/deductions upon release:
– Chattel fees based on the actual computation by ROD and the LTO (Land Transportation Office)
– Comprehensive insurance fees based on the actual computation by AOG, based on the insurable value of the vehicle
7. All disbursement will be done at any of M Lhuillier branches.
8. The original receipt and original certification of registration (OR/CR) will be withheld as collateral
9. Loans with outstanding balances under six (6) months can be refinanced, subject to re-appraisal of the vehicle.
Payments
1. Online via the ML Wallet App or at mlhuillier.com
2. Over-the-counter at any ML Branch Nationwide
For more updates, follow M Lhuillier Financial Services, Inc. on Facebook, or visit the website at https://webloans.mlhuillier.com/car-loan and https://mlhuillier.com/quick-cash-loans for more information. For inquiries, contact Customer Care through its toll-free number 1-800-1-0572-3252 or email [email protected].
