Cebuana Lhuillier Auto Loan
Cebuana Lhuillier Auto Loan offers auto loan rates from 10% – 24% p.a. with terms up to 36 months and a minimum down payment of 20%. Cebuana Lhuillier uses its 2,500+ branch network to serve underbanked car buyers. Maximum financing amount reaches ₱800,000, and applications can be filed at 2,500+ pawnshop branches.
Interest Rate
10% – 24% p.a.
Loan Term
12 – 36 months
Down Payment
20%
Processing
3 – 5 business days
Maximum loan amount: ₱800,000
Requirements
Valid government-issued ID (passport, driver's license, or UMID)
Proof of income (latest 3 months payslips or ITR)
Proof of billing address (utility bill dated within 3 months)
Certificate of Employment with compensation details
Special Power of Attorney if applicant is an OFW
Post-dated checks (PDCs) covering the loan term
Pros & Cons
Advantages
- Rates start at 10% p.a. — strong among Philippine bank auto loans.
- Maximum financing of ₱800,000 covers most new vehicles on the market.
- Loan terms up to 36 months keep monthly payments as low as ~₱28,889/month.
- Minimum down payment of just 20% reduces upfront cash needed.
- Applications accepted at 2,500+ pawnshop branches.
Drawbacks
- Maximum rate of 24% p.a. applies to used cars or longer terms.
- Requires at least 20% down payment — on a ₱800,000 vehicle that means ₱160,000 cash upfront.
- Processing takes 3 – 5 business days, slower than some dealer-arranged financing.
- Minimum gross monthly income requirement of ₱30,000 excludes entry-level earners.