Cebuana Quick Cash Loans

All About Cebuana Quick Cash Loans

Consumers can apply for Quick Cash Loans in Cebuana Lhuillier through their pawning services. In just a few minutes, they can get the disbursement of the cash loan as long as the valuable items they bring to any of the branches nationwide are pawnable.

Those who are interested in pawning their items in exchange for cash will have to bring a government-issued valid ID. They can receive cash that’s equivalent to the appraisal value (typically 30% higher than other pawn shops) in just a few minutes. 

The quick cash loan term is typically for 90 days with a renewable term of four months with an APR of 54% to 66%. 

Why Choose Cebuana Quick Cash Loans

Cebuana Lhuillier has been providing millions of Filipinos with quick access to funds since its inception. Its pawning system has served and assisted many of its customers in financial distress. With over 2,500 branches nationwide, anyone who needs cash can find a branch nearby.

The company has also improved its services and now provides a Pawn-From-Home platform that offers an online pawning service, allowing pawners to avoid long lines at physical branches and go through the entire process from the safety of their homes. 

Customers who choose Cebuana to apply for quick cash loans to finance their demands may receive the funds for as fast as 60 minutes provided they have valuable items such as gadgets and luxury belongings to use as collateral. 

Items Accepted in Exchange for Quick Cash

The following items are acceptable for Cebuana quick cash loans:

• Gold
• Diamond
• Platinum jewelry and watches
• Cellphones
• Laptop/Computers

Note: Apart from these items, the pawner must submit at least one (1) valid form of identification. The list of IDs accepted is indicated on Cebuana Lhuillier’s website. 

How to Get Cebuana Quick Cash Loans

There are two (2) available ways to apply for Cebuana quick cash loans through pawning: traditional pawning and online pawning. 

Traditional Pawning

During the pre-pandemic era, traditional pawning was the most convenient option to get quick cash loans. The steps are simple:

1. Present the item to be pawned at any Cebuana Lhuillier Pawning branch.
2. Agree with the appraised value and loan proceeds.
3. Sign the pawn ticket.
4. Get the money and secure the pawn ticket that will be presented during renewal or redemption of the pawned item. 

Online Pawning

Below are the steps on how to pawn an item online to ensure safer and faster transactions:

• Complete the Cebuana From Home application form by filling out all required fields.
• Wait for the nearest Cebuana Lhuillier branch personnel to appraise the item. 
• Negotiate the value. 
• Receive the loan proceeds. 

Process of Redeeming the Pawned Item 

To redeem the pawned item, pawners who opt for traditional pawning may visit the Cebuana Lhuillier branch where the item was pawned. Present the signed pawn ticket and the amount due to the personnel, then retrieve the pawned item. 

Pawners who use online pawning can complete the redeeming process online through Cebuana From Home platform. 

Should pawners wish to renew the loan, the pawnshop has the Renew Anywhere option that enables pawners to visit any Cebuana Lhuillier branch to go through the renewal process. Renewal is also readily available through the pawn shop’s online transactions. 

Other Brands that Offer Quick Cash Loans

M Lhuillier

M Lhuillier is another pawnshop owned by the Lhuillier family of Cebu. Like Cebuana Lhuillier, they offer quick cash loans by pawning valuable items and offer terms of 90 days, renewable for four months. However, the acceptable items between the two brands will differ. Borrowers can check their websites for a detailed list of acceptable items. 

In terms of APR, M Lhuillier charges a lower interest compared to Cebuana Lhuillier at only 40.72% to 52.89%. 

Palawan Pawnshop

Palawan Pawnshop has more branches compared to either M Lhuillier or Cebuana Lhuillier. They have over 3,300 branches nationwide – that translates to over 3,300 branches that offer quick cash loans through pawning gold and other jewelry items. 

Conclusion

Consumers who need immediate cash can consider Cebuana Lhuillier’s loan offers with competitive rates for the short term. The company’s traditional and online pawning systems provide instant cash for consumers to solve their monetary problems. Cebuana Lhuillier’s developing services only prove its commitment to providing excellent service for Filipinos and to being their financial partner anytime and anywhere.