When we talk about buying a new condominium, financing your dream home or renovating an existing property, most of the time people will automatically think of traditional banks as their go-to source of funds especially since not everyone has the capacity to purchase these with outright cash.
However, there’s a financial services company based in the Philippines that offers a viable alternative. One example is M Lhuillier. Most people are familiar with M Lhuillier as a financial institution and remittance service, but they actually have a lot of other services being offered such as insurance, bills payment, car loan and home loan.
In this article, we’ll take a closer look at M Lhuillier’s home loan service and why it could be a better fit for some borrowers compared to traditional banks.
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Flexible Requirements
Traditional banks often have strict credit score and income requirements that can be challenging for some borrowers to meet. There’s a low probability that you will be approved or if ever you get approved, the loan amount is much lower than what you need.
This is where M Lhuillier’s flexible requirements come in.
Unlike traditional banks, they consider a variety of factors when evaluating a borrower’s eligibility for a loan. This means that borrowers with less-than-perfect credit or irregular income streams may still be able to qualify for a home loan from M Lhuillier.
Competitive Interest Rates
One of the advantages of choosing M Lhuillier for your home loan needs is their competitive interest rates.
While rates may vary depending on a borrower’s creditworthiness and other factors, M Lhuillier’s rates are generally in line with or lower than those offered by traditional banks.
This means that borrowers could save money on interest payments over the period of their loan by choosing M Lhuillier over a bank. With M Lhullier, typical loan period is 60 months and interest rates are normally pegged at 0.015 or 1.5%.
Flexible Repayment Terms
M Lhuillier’s home loan service offers flexible repayment terms that can be customized to fit a borrower’s specific financial situation.
Borrowers can choose from a variety of repayment options, including fixed or variable interest rates, and the loan term can be adjusted to suit their needs. This flexibility can make it easier for borrowers to manage their finances and pay off their loan on time.
Fast Approval and Disbursement
M Lhuillier’s home loan service also boasts a fast approval and disbursement process. Borrowers can apply for a loan online or in person at one of M Lhuillier’s branches, and the approval process is typically quick and straightforward.
Once approved, borrowers can receive their funds in as little as a few days, which can be especially beneficial for those who need to make a quick purchase or complete a renovation project.
Variety of Other Financial Services
As mentioned earlier, aside from their home loan service, M Lhuillier also offers a variety of other financial services that can be helpful for borrowers who need more than just a loan.
These services include pawnshop services, money transfers, insurance, and more. This means that borrowers can use M Lhuillier as a one-stop-shop for their financial needs, which can save time and hassle.
In conclusion, M Lhuillier’s home loan service is a worthy alternative to traditional bank loans for borrowers who need flexible requirements, competitive interest rates, flexible repayment terms, fast approval and disbursement, and a variety of other financial services.
While traditional banks may still be the best choice for some borrowers, it’s definitely worth considering M Lhuillier when looking for financing for your home purchase or renovation project.
As with any financial decision, it’s important to weigh the pros and cons of each option and choose the one that’s best for your individual needs and circumstances.
You can check out the Loans Marketplace of M Lhullier on their website (https://webloans.mlhuillier.com/ 40) and click on the Online Application to get a sample computation of your intended loan amount.
Visit:
M Lhuillier: https://mlhuillier.com/
Home Loan: https://webloans.mlhuillier.com/home-loan 43; https://mlhuillier.com/quick-cash-loans/ 13
