Truck Loan (Sangla OR/CR)

Modified on Thu, 16 Mar, 2023 at 11:30 AM

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

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

If you need money but don’t want to lose your trucks and disrupt your business operations or heavy-road travels, then this loan is for you.

2. What are the benefits?

As low as 1.30% interest
Receive your cash while keeping your truck
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 Truck Loan (Sangla OR/CR), you need to have the following qualifications:

Filipino citizen
Documented source of income
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