Make money out of your car without selling it or giving it up. Fast application online and 3-7 days processing time. Minimum requirements and fixed monthly terms. Car owners, apply now and see how much you can get.
Highlights
- Looking for a financial boost? SB Finance can help you get the cash you need. If you are a car owner, you can get PHP 100,000 - PHP 2-M by using your car’s ORCR with Car4Cash. Enjoy high loanable amount with one of the lowest interest rates for a loan in the Philippines. Pay in flexible terms (12, 18, 24, 36 months).
Overview
| Loan amount | ₱100,000 to ₱2,000,000 |
|---|---|
| Loan term | 12 to 36 months |
| Interest | 1.25% to 2% a month |
| Minimum annual income | ₱144,000 |
| Age | 21 to 65 years old |
| Work | Employed, Self-employed, Professional |
| Processing time | 3-7 banking days |
| Early repayment | N/A |
| Admin fee | 3% of approved loan amount. No disbursement fee. |
| Late payment | 3% of the amount due or P500 whichever is higher |
| Payment | Post Dated Check |
| Collateral | ORCR of car 0-10 years old, unencumbered and under the borrower’s name |
| Requirements | Duly filled-out and signed application form, Photocopy of ORCR, Screenshot from Google maps of home and company address, Photocopy of 1 valid government-issued, photo-bearing ID |
Frequently asked questions
What are the required documents to apply for an SB Finance Car4Cash Loan?
Employed
- Duly filled-out and signed loan application form
- Photocopy of OR/CR (must be under the borrower’s name, unencumbered and owned for at least 6 months)
- Screenshot from Google maps of home and company address
- Photocopy of one (1) valid government-issued photo-bearing ID
- Income Documents, any of the following:
- Certificate of Employment and Compensation issued within the last two (2) months
- Latest ITR / BIR Form No. 2316
- Latest one (1) month payslip
Self-Employed
- Duly filled-out and signed loan application form
- Photocopy of OR/CR (must be under the borrower’s name, unencumbered and owned for at least 6 months)
- Screenshot from Google maps of home and company address
- Photocopy of one (1) valid government-issued photo-bearing ID
- Latest 1-year Audited Financial Statement (AFS) with at least the previous year’s comparative financials
- SEC Registration / DTI Certificate
- Business Permit / Mayor’s Permit
- Latest three (3) months bank statements
- Latest GIS (if corporation)
- List of 3 trade references (at least 1 supplier and 1 customer) with contact details
What are the modes of payment
- You can pay your monthly amortizations through post-dated checks (PDCs).
What are the eligibility requirements for an SB Finance Car4Cash Loan?
- Applicant must be between 21 – 65 years of age, 1 year in service or practice for professionals, private and government employees (not contractual and commission-based). Applicants employed by BPOs need to have 3 years of service. Self-employed applicants need to be at least 2 years in operation. Net monthly income requirement is only PHP12,000 for employees outside Metro Manila and PHP15,000 for employees within Metro Manila , PHP40,000 for BPO/PHP75,000 for call centers, and PHP100,000 for self-employed.