Truck Financing Loan

Modified on Thu, 16 Mar, 2023 at 11:32 AM

1. What is a Truck Financing Loan?

Truck Financing is a practical way to acquire new trucks, be it for personal or business use. Instead of paying the whole amount upfront 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 truck or want to improve your trucking-related business process while still managing your costs, then this loan is for you.

2. What are the benefits?

As low as 1.30% interest for used cars
The truck can be sold or traded for a new one once the loan is cleared
Helps you set up equity in the truck
May help you get lower car insurance rates
No travel distance limit

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
With trucking-related business operating for at least 1 year

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)
Latest Business Permit
Bank Statement (if any)