Are you dreaming of owning your first car, but troubled about the financial burden it might bring? Getting a car loan is often a key step in acquiring your dream vehicle and there are numerous financial institutions that offer car loans.
M Lhuillier, a trusted and well-known financial services company in the Philippines, has a variety of loan products which has become a popular choice for many Filipinos especially seeking car financing.
With M Lhuillier’s car loan services, it can turn your dream of becoming an instant car owner into a reality. The M Lhuillier Quick Car Loan services can be either collateral loan or pre-owned car financing.
Let’s explore the benefits of getting your first car through M Lhuillier’s car loan services.
Accessibility, Fast And Hassle-Free Processing
M Lhuillier boasts an extensive network of over 3,000 branches nationwide, making it highly accessible to borrowers. You are likely to find an M Lhuillier branch near your area whether you reside in a bustling city or a remote province. The vast widespread presence of M Lhuillier simplifies the loan application process, making it convenient for potential car buyers.
The application process for the car loan through M Lhuillier is relatively fast and easy. You can apply the loan thru online or at any M Lhuillier branch.
Typically the company requires minimal documents for less paperwork and a more efficient application process. It is swift and straightforward loan processing with a streamlined procedures to ensure that borrowers can obtain financing with minimal hassle. This is especially beneficial when you’re eager to purchase a vehicle and don’t want to deal with long waiting times.
Here are the requirements for M Lhuillier Car Loan:
- Must be employed (locally or overseas), or self-employed, with proof of income; or a pensioner with proof of pension payments.
- Used vehicle must have the original receipt and original certificate of registration (LTO OR/CR).
- Must be able to bring the vehicle (collateral) to one of our branches for inspection & appraisal.
M Lhuillier’s Car Loan (Pre-owned Car Financing)
You also have the choice to select M Lhuillier’s pre-owned car financing services, providing a similar experience to purchasing a brand-new car from any dealership. All they have to do is look at their dream car and call/visit M Lhuillier for financing. Client will pay the dealer 30% of the appraised value and the remaining 70% of the appraised value, M Lhuillier will pay to the dealer.
To avail this services customer should check if they are qualified for ML Quick Car Loan Pre-owned Car Financing. Here are the requirements below:
- Must be employed (locally or overseas), or self-employed, with proof of income; or a pensioner with proof of pension payments
- Year Model accepted – 2013 up
- Chattel fee and Comprehensive are required
- Maximum Term: 3-4 years
Once you sent all the requirements, you may now pick a second-hand car from a legit dealer and pay 30% of the cost. Then bring the Official Receipt (OR) / Certificate of Regictration (CR) of the car and other ML Quick Car Loan requirements to any M Lhuillier branch to get financing help with the rest of the 70% payment.
Low Interest Rates And Flexible Loan Terms
M Lhuillier offers competitive interest rates on car loans ranging from 1.5% to 1.8% per month making it an attractive option for the budget-conscious borrowers. With the low interest rates of M Lhuillier, it can significantly reduce the overall cost of financing your car making you to pay less over the life of your loan.
M Lhuillier can tailor the loan term to suit your needs giving you flexibility to choose from 12 months to 36 months to align with your financial capabilities and preferences.
Here are the other terms and conditions of the Car Loan:
- Second hand units built by Honda, Toyota, Mitsubishi, Isuzu, Ford, Suzuki, & Nissan are acceptable. Korean, Chinese, & Indian brands cannot be financed.
- Year Model 2012 & later accepted; provided not to exceed 10 years upon maturity of the loan.
- Up to 70% of the appraised value of the vehicle is the maximum amount of the loan.
- Loan term can be set from 12 months to 36 months.
- Interest rates range from 1.5%/months to 1.8%/months (18.00%-21.60% APR), depending on unit condition & stability of income.
- Other charges/deduction upon release: (a) Chattel fees based on the actual computation by ROD and the LTO (Land Transportation Office). (b) Comprehensive insurance fees based on the actual computation by AOG, based on the insurable value of the vehicle.
- All disbursement will be done at any of M. Lhuillier branches.
- The original receipt and original certification of registration (OR/CR) will be withheld as collateral.
- Loans with outstanding balances under six (6) months can be re-financed, subject to re-appraisal of the vehicle.
Easy Payment Options
M Lhuillier offers a variety of payment options to pay your loan via online, the ML Wallet App or over-the-counter at any of its 3,000 branches nationwide. You can choose among these payment options the one that is convenient for you.
Excellent Customer Service
M Lhuillier is renowned for its customer service and commitment to providing assistance to borrowers throughout their loan journey. Their experienced staff can help answer questions, guide you through the application process, and provide support as needed. You can call them at the following numbers: 0947-999-0337, 0947-999-0522, 0947-999-2721, 0947-999-2472, and 0917-871-2973. For more contact details you can go to this link: https://mlhuillier.com/contact-us/
Getting a car loan can be useful option in achieving your automotive goals as you continue to maintain financial stability. We would advise to thoroughly to research the right vehicle for you and check the updated prices of each vehicles base on your budget which aligns with your long-term financial goals.
If you’re looking for a car loan services, M Lhuillier is a trusted financial partner that can help you achieve your goal of owning a vehicle while enjoying a hassle-free borrowing experience, easy payment options, accessibility, and and excellent customer service.
For more information on M Lhuillier car loan, visit: https://webloans.mlhuillier.com/car-loan
To know more of M Lhuillier products and services, visit: https://mlhuillier.com/
