Car Financing Loan

Modified on Thu, 16 Mar, 2023 at 11:31 AM

1. What is a Car Financing Loan?

Car Financing is a practical way of owning your dream car. Instead of paying the whole amount up front from your own wallet, you can borrow funds from Global Dominion first. You can then pay back this loan through equal monthly payments, which are easier to fit into your budget.

If you need to purchase a car you can't immediately afford due to other essential expenses, then this loan is for you.

*As of September 17, 2021, this loan type is available for used/second-hand cars only.

2. What are the benefits?

As low as 1.30% interest for used cars
Eases car payment by distributing the costs evenly into monthly dues
Can help you establish a good credit profile (if you pay on time)
Higher approval percentage than a bank loan or dealership financing

3. Am I qualified to apply?

To receive a Car Financing Loan, you need to have the following qualifications:

Filipino citizen
21 to 65 years old
With documented source of income

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)
Valid ID and Contact Number of Seller
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