Secure a PHP 30,000 credit line through Cebuana Lhuillier and Maya Loan's latest partnership
Cebuana Lhuillier, a leading financial services provider in the Philippines, and digital bank Maya have partnered to introduce 'Easy Loan', a flexible 30-day credit line. This innovative service is now available in select Cebuana Lhuillier branches in the National Capital Region and through the Maya app.
'Easy Loan' functions as a revolving, multipurpose credit line, offering access to funds of up to PHP 30,000 for daily needs, bills, or unexpected expenses. The product combines Cebuana Lhuillier's nationwide branch network with Maya's digital platform, aiming to bridge traditional microfinance with digital banking.
The collaboration leverages Maya's digital banking technology with Cebuana Lhuillier's physical presence to reach more consumers. Users can access 'Easy Loan' via the Maya app, in addition to select Cebuana Lhuillier branches. Loan approval for 'Easy Loan' is subject to credit evaluation.
Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, stated that 'Easy Loan' makes it simpler and faster for Filipinos to access funds. Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder, added that by combining digital expertise with Cebuana Lhuillier's reach, they are providing a safe, simple, and reliable way for more Filipinos to access funds.
The partnership between Cebuana Lhuillier and Maya is part of a commitment to deliver innovative and inclusive financial solutions. 'Easy Loan' is designed to improve access to financial services. A wider rollout of 'Easy Loan' to more branches is planned to follow soon.
'Easy Loan' is powered by Maya Easy Credit. The CEO involved in the setup of the credit line is Francis Lim, who currently serves as the CEO of Cebuana Lhuillier.
In conclusion, the launch of 'Easy Loan' by Cebuana Lhuillier and Maya marks a significant step towards making financial services more accessible to Filipinos. With its flexible credit line and combination of digital and physical platforms, 'Easy Loan' promises to make borrowing funds simpler and faster.
