Car Loan (Sangla OR/CR)

Modified on Thu, 16 Mar, 2023 at 11:28 AM

1. What is a Car Loan (Sangla OR/CR)?

Car Loan (Sangla OR/CR) is an affordable secured loan product fit for those who need quick cash. Global Dominion will lend you money in exchange for your vehicle's OR/CR, which they will hold as security until repayment is complete.

If you need money but don’t want to pawn more valuable properties such as your house, then this loan is for you.

2. What are the benefits?

As low as 1.30% interest
Receive your cash while keeping your car
More lenient terms vs banks and other lenders
Credit history doesn't hold any bearings for your qualifications as a borrower
Fast and simple application and approval process - as short as three business days!

3. Am I qualified to apply?

To receive a Car Loan (Sangla OR/CR), you need to have the following qualifications:

Filipino citizen
Documented source of income
Vehicle is year model 2000 or above
Vehicle is legally owned or fully paid
If under mortgage plan, vehicle should already be paid 80%

4. What are the requirements I need to prepare?

For a smoother application process, make sure you prepare the following when you apply:

Any 2 Valid IDs (Government-issued)
Copy of Latest OR/CR (Official Receipt and Certificate of Registration)
Latest Electric and Water Bill
- If not in your name, submit additional proof of residence (any documents under your name and with your current address)
TIN (Tax Identification Number)
Proof of Income
- If employed – Latest 3 months payslips
- If with business – Business permit
- If Remittance – Latest 3 months proof of remittance/receipt