We have always heard that it’s best to invest your extra funds in different financial avenues such as bonds, businesses, real estate, and the like. However, in these trying economic times, staying “liquid” with your finances is advantageous. Sometimes, locking up your funds in the aforementioned avenues may not be a good fit for your financial situation, especially if you need immediate access to them in cases of emergency. Whether it’s for medical needs, tuition, house payments, etc. – it’s good to have a backup plan.
Fortunately, there are safe and secure options that can extend you some financial flexibility – one of which is using your car as a collateral for a loan. It’s important to remember that when dealing with loans, it’s best to work with a trusted lending partner that has a good track record in the industry and with customers.
M Lhuillier is one such lending provider that is regulated and supervised by the Bangko Sentral ng Pilipinas (BSP). With them, you get fair value for your collateral, low interest rates, and flexible payment terms.
Here are more reasons why you should consider M Lhuillier for your loan.
1. High appraisal value. M Lhuillier provides competitive appraisals, with knowledgeable and certified staff who can assist you throughout the entire process. You can loan up to 70% of the appraised value of your vehicle, and yes, you can still use your car even if you have it loaned! Only the original receipt and original certification of registration (OR/CR) will be withheld as collateral.
2. Competitive interest rates. M Lhuillier also offers the lowest interest rates that range from 1.5% to 1.8% per month. The final rate will depend on the condition of your vehicle and your capability to pay.
3. Flexible payment terms. For your convenience, choose loan terms that range from 12 to 36 months.
4. Accommodates all types of vehicles. M Lhuillier accepts a wide range of second-hand vehicles, with a preference for Honda, Isuzu, Ford, Suzuki, Nissan, Mitsubishi, and Toyota. It’s best to consult their Front Line Associateregarding other brands. Generally, car models from 2012 and later are accepted, but they should not exceed 10 years upon the loan’s maturity.
5. Quick and easy loan processing. Conveniently apply online and submit your requirements for quick approval.
Payments have also been made easier and secure as you can pay for your loan online via the website, mlhuillier.com, or the ML Wallet App. Payments are also accepted over-the-counter at any of the over 3,000 branches nationwide.
When it comes to financial flexibility, it’s good to know all your options, so that you can prep for situations when you may need to quickly pull up funds. Remember, only work with trusted lenders and reliable providers.
For more information about M Lhuillier Quick Car Loan,visit www.webloans.mlhuillier.com/car-loan