Car Loan

M.Lhuillier is a regulated privately-owned Philippine company, supervised by the Bangko Sentral ng Pilipinas (BSP).

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 vehicale is the maximum amount of the loan
4. Loan term can be set from 12mos. to 36mos.
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/deduction 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 re-financed, 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