Why Choose ORCR Sangla Loan To Get Cash Fast?
Here are the advantages car owners enjoy with ORCR sangla loan over other loan products.
Apply using your car’s ORCR
No need to take out your car.
Processing only takes 3-5 working days
Easy payment terms
1.3% interest rate, up to 48 months payment
ORCR Sangla Is A Quick Way To Get A Loan Fast
Need cash fast for your emergency and immediate needs? Use your car’s ORCR to get cash quick.
What is an ORCR Sangla Loan?
An ORCR Sangla loan is a secured loan for car owners who need to get cash quick. Using your car’s ORCR, you can be offered a loan amount based on your car’s fair market value.
When you apply and get approved for an ORCR sangla loan, you don’t need to take out your car for a direct exchange. Only the ORCR document will be required, so you can still use your car.
ORCR sangla loans also have a low interest rate, from 1.3% to 1.5%, depending on the age of your vehicle and the type of vehicle registered on your ORCR. Payment terms can also go as long as 48 months for easier monthly repayments.
Who can apply for an ORCR Sangla loan?
ORCR sangla loan applicants should be a Filipino citizen between 21-65 years old with a source of income and owns a vehicle under their name, free of encumbrance from banks, as reflected on the ORCR.
Once you’ve applied and sent your requirements, the process only takes 3-4 working days until your ORCR sangla loan is ready for disbursement.
Business owners (sole proprietors and corporations) can also avail of this ORCR sangla loan product by using the ORCR of their commerical vehicles such as trucks, taxis, UVs, and vans. Interest rate for ORCRs of commercial vehicles are as low as 1.5%.
ORCR Sangla Loan FAQs
Need to know more about ORCR Sangla Loan? Read more for answers on your most pressing questions.
- 2 valid IDs
- Copy of OR/CR (Official receipt and Certificate of registration)
- Latest utility bill (electric or water)
- TIN (Tax Identification Number) ID
- 3 months payslip, Certificate of employment or proof of remittance (for OFWs)
- Business papers for Sole proprietors and Corporations
You can get cash using your car’s ORCR by appraising your car’s market value and offering a percentage of that as a loanable amount. Once the application has been processed, the ORCR will be exchanged for the loan amount to be disbursed.
Interest rates vary depending on the age of the car to be pawned. Interest rate can be as low as 1.3% for newer vehicles and 1.5% for older vehicles and commercial vehicles.
Any private car or commercial vehicle like truck, taxis, UVs and vans can be used to apply for an ORCR sangla loan. Just make sure that the vehicle to be pawned is under your name or your company’s name and free of encumbrance.
Processing fee is 5.5% of the financed amount.
ORCR sangla loan only takes 3-5 working days from application with complete required documents to disbursement of loanable amount once approved.